Tag Archives: Property

Technocratic Dystopia Is Impossible, by Robert Blumen

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


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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The Great Reset Is Accelerating Into Global Tyranny, by Joseph Mercola

There’s no more fundamental right than the right of property. The two touchstones of a civilization are how it protects property and the quality of its money, which is really just a facet of property rights. The status of money and property under the proposed Great Reset is all you need to know about that abomination. From Joseph Mercola at lewrockwell.com:

The World Economic Forum’s 2030 agenda includes the strangely ominous dictum that you will “own nothing and be happy.” The unstated implication is that the world’s resources will be owned and controlled by the technocratic elite, and you’ll have to pay for the temporary use of absolutely everything.

Nothing will actually belong to you. All items and resources are to be used by the collective, while actual ownership is restricted to an upper stratum of social class. Just how will this imposed serfdom make you happy?

Again, the unstated implication is that lack of ownership is a convenience — they’re just making your life easier. Rent a pot and then return it. You don’t need storage space! Imagine the freedom! They even promise the convenience of automatic drone delivery straight to your door.

Artificial intelligence — which is siphoning your data about every aspect of your existence through nearly every piece of technology and appliance you own — will run your life, predicting your every mood and desire, catering to your every whim. Ah, the luxury of not having to make any decisions!

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Minneapolis Riots Are a Reminder that Police Don’t Protect You or Your Property, by Ryan McMaken

As the saying goes, “When every second counts, the police are just minutes away.” From Ryan McMaken at mises.org:

Looting and arson have followed what began as peaceful protests in response to the apparent killing of George Floyd by Derek Chauvin, a now-former member of the Minneapolis Police Department.

But whatever was the spark that set off the current round of rioting in the Twin Cities area, it is clear that most property owners and residents will have to fend for themselves where riots have taken place. In other words, any unfortunate shopkeeper or resident who finds himself in the path of the rioters ought to just assume that police won’t be around to provide any protection from the mob.

For example, The Minneapolis Star-Tribune reports:

The police station on E. Lake Street has been the epicenter of protests this week… Nearby, Minnehaha Lake Wine & Spirits, the target of looters the night before, also was set ablaze. …On Wednesday night, a man was fatally shot and crowds looted and burned buildings on E. Lake Street late into the night.

Earlier in the day, in St. Paul, looters broke windows, stormed through battered-down doors and snatched clothes, phones, shoes and other merchandise from shops along University Avenue near the intersection of Pascal Street. Officers formed a barricade in front of Target. But police were absent a block away at T.J. Maxx, where looters smashed down the door and fled with heaps of clothing piled on shopping carts.

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First the Miners, now the Banks, then Property? Going to be a Hard Landing for… Australia, by Wolf Richter and Lindsay David

Things are getting dicey Down Under. From Wolf Richter at wolfstreet.com:

A housing market set for the mother of all corrections.

“I think it’s important that people don’t hyperventilate about these type of things.” With these words, Australian Prime Minister Tony Abbott tried to soothe the world’s rattled nerves today about the ongoing crash in China. Australia is heavily exposed to China, the biggest consumer of its commodity exports.

“It is not unusual to see stock market corrections,” he said about the relentlessly brutal three-month crash that has taken the Shanghai Composite down 43% so far.

“It is not unusual to see bubbles burst in particular markets and for there to be some flow-on effect in other stock markets, but the fundamentals are sound,” he said, speaking of the Chinese fundamentals, and by extension, of the Australian fundamentals that depend so much on Chinese fundamentals.

And he said this though factory activity in China shrank at the fastest rate since the Financial Crisis, other indicators are heading south, cars sales are suddenly plunging, and the People’s Bank of China started devaluating the yuan to mitigate the problem, thus further hurting Australian exports to China.

So here’s Lindsay David, founder of LF Economics in Australia, weighing in on the “sound” fundamentals in Australia.

By Lindsay David, Australia Boom to Bust Blog:

It’s truly surprising since LF Economics released its chart pack on the Australian housing and debt markets the great interest that hedge funds and financial institutions in the US, Europe and Asia have in our product and work. The same however, cant be said for Australia. But that’s no big deal. Based on the analytics of this blog, Aussie institutions and government prefer or try to scrape the free data on this blog. I’m sure the same happens on the Macrobusiness website.

It felt just like yesterday when I released Australia: Boom to Bust. As I argue in the book, the Australian economy is incredibly dependent on what I call the “Three Pillars of the Australian Economy”: mining, banking, and real estate sectors. And as I argue, at least three of the five largest iron ore producers will go bust. And “at least” one of the big four banks will either go bust, be nationalized, or bailed out before the end of 2017.

The mining sector is already in dire straits. In order for miners such as Fortescue to survive, they must continue to increase output to keep their extraction costs low; and the spot price of iron ore must not fall any further. This is not sustainable. Unfortunately, only a small handful of us over the last year or two were warning about this scenario taking place. And today it is.

Now to the banking sector. More specifically the Big Four banks – ANZ, Commonwealth (CBA), National Australia Bank (NAB), and Westpac (WBC) . Yes those banks that are apparently strong and safe even though their stocks continue to slide off a cliff.

To continue reading:Going to be a Hard Landing for…Australia