The Silenced Majority

US President Richard Nixon (1969-74) once famously claimed to speak for the “silent majority,” that supposedly wanted the US military to stay in Vietnam. He & Henry Kissinger were lying (as always), as the masses hated the war by then– but facts never matter to people like these. This is for the silenced majority.

Deep state Democrats sabotaged the Bernie Sanders campaign in 2016 by rigging the nomination process, as revealed by WikiLeaks. This leak probably came from DNC staffer Seth Rich, who was murdered under murky circumstances. Bernie Sanders is silent on all this, proving he’s a loyal Democrat (centrist) above all else.

Bernie Sanders supports Trump’s anti-immigration policies, militarism abroad, the persecution of Julian Assange, the anti-Russian campaign, etc… His entire support in 2016 came from youth & liberals that believed he represented socialism. The kids recognize this fakery now, as support for Sanders 2020 is way down, as seen by the attendance at a recent California rally.

Anyone with an ounce of political aptitude knows that the Mueller Report was an expensive & elaborate exercise in fakery. “Impeachment” of Trump is the new sham, under the charge of “Russian collusion,” which is fake. “Impeachment” of this kind would end the same for the Democrats as the Kavanaugh Hearings last summer.

Donald Trump could rightly be impeached for illegal & inhuman detention of immigrants, violating the constitution & democratic rights, militarism against other countries, etc. There is broad popular consensus for this type of impeachment, but there is no appetite for it anywhere in Washington or the mass media. Who speaks for the silenced majority?

The European political center is collapsing, as revealed by the broad popular support for Julian Assange (above), as well as recent EU election results. “Will the center hold?,” is the question all the media pundits ask. The answer is no, but no one can say that out loud, so they drone on about whatever…

As proof, Theresa May recently announced her resignation as UK’s Prime Minister, after her inability to negotiate a deal for Brexit. In 2016, the voters of the UK approved a ballot initiative (Brexit) to leave the European Union (EU). This mass repudiation of the EU and its technocrats in Brussels is a symptom of mass dissatisfaction globally.

Nationalism is still the poison which leaders try to inject into their people. The problem is that politicians are not viewed favorably anywhere anymore. Currently, US President Donald Trump is on a 3-day tour of the UK, where he is being given a royal reception, while being kept far away from the masses, because they mostly hate Trump– and rightly so.

The truth is there is only movement to either political extreme– right or left. The broad masses have moved sharply to the left, while the ruling classes have moved towards fascism. Politically speaking, “conservative centrists” used to consider fascism as the lunatic fringe, but that is now the center of the Republican & Democratic parties. That’s how far things have shifted to the right among the political elite.

“Is there something new coming?,” talking heads half-heartedly inquire, because they are afraid of the answer– which is, “Yes!” The masses are embracing revolutionary socialism, the Trotskyism of the ICFI. Socialist Equality Parties are becoming politically active around the world in a qualitatively new way. You never hear about this in the mainstream media (MSM). Trotsky is the “great unmentionable” in bourgeois politics.

The yellow vests in France & teachers’ strikes in the US are a harbinger, with disfranchised workers taking politics into their own hands. Once these angry masses develop their political consciousness and organize with solidarity under a revolutionary socialist banner, the most powerful social force in human history will wipe away capitalist rule.

The collapse of the EU, the US dollar (in the form of quantitative easing), and the post-war order in general is tied into deep-going economic stagnation globally, which immiserates billions of people and has led to conflict after conflict– with no end in sight. There isn’t a nationalist leader or government in the world that has a progressive answer to this historical international crisis.

WWI was an attempt by a great power (Germany) to re-globalize the world through violence. It was interrupted by the Russian Revolution, which globalized the idea of socialism. This socialist threat was “contained” by Stalinism & western capitalism through WWII and into the “Cold War.” This was accomplished by mass murder under Stalin’s USSR, and aided by western imperialism, which realized that Trotskyism was the greatest threat to the US/UK-led capitalist order.

The trend in human civilization is always towards more integrated globalism, either violently through capitalist wars, or (relatively) peacefully through permanent socialist revolution.

The US government is “at war” with China & Russia, which has been intensified since Trump’s Electoral College win in November 2016. This belligerence is to offset US economic & political decline. Eventually trade wars (China, Venezuela) and proxy wars (Syria, Yemen) turn into world wars. Fake diplomacy & military intervention are the no-win methods of gangsterism, as demonstrated by Trump administration threats against Iran. There are no “adults in the room” when referring to Democrats, Republicans & the MSM– only bourgeois interests & propaganda.


On Women: The global ruling class seeks to divide working men from beautiful women, by buying them up & corrupting them. Beautiful women represent power. So do united workers. If beautiful women united with workers & disenfranchised youth, it would be an unbeatable combination.

It’s conscious ruling class policy to keep these groups isolated. But now there is more & more a breakout tendency among beautiful women, in response to this oppression of capitalism which keeps people alone & unhappy.

Pamela Anderson support of Julian Assange is one example of a woman making a stand for what she believes. Here are a few other examples of women expressing themselves in the media recently…

In US football, the playing field is called the gridiron by hardcore enthusiasts. In European football, it’s called the pitch. In either case, it’s usually a drunken male fan who runs onto the field looking for attention, and when he’s caught, he’s escorted away to spend some time in jail and pay a fine.

So respect what US model Kinsey Wolanski (above) recently pulled off, which is now globally regarded as the “best pitch invasion ever.” All of a sudden, what everyone thought was so important (a football match) got ignored– just to look at Kinsey Wolanski & cheer! She didn’t get arrested (surprised?), and is now a big internet star. That’s the power of a beautiful woman.

But what did she use her power for? Her stunt at the Champions League final in Madrid promoted the adult website of her boyfriend. Kinsey Wolanski on Instagram afterwards, “STREAKING THE CHAMPIONS LEAGUE! Life is for living, do crazy things that you will remember forever.”

Agreed, but the cause matters too. In the end, the pornography advertisement on her swimsuit will detract from what she’s done, but it’s the spectacle she created that is my primary point.

If her one-piece had said “Free Julian Assange,” then Wolanski would stand much taller right now– but have less money for sure, so who can blame her? I suppose that’s the challenge (and roadmap) for some beautiful young girl to top what Kinsey Wolanski just did. Real men say, “Go for it!”


I also saw this one recently on Russia Today. Yulia Efimova (above) loves pineapples, as you can see. Honestly, it doesn’t make me feel any differently about that fruit, it just makes me fall in love with her!

Since everyone else is doing it, here’s my pitch…


Personal Ad: Straight man seeking beautiful woman in her 30’s with a clear head & no baggage– to be a soulmate. Fitness, self-sufficiency & strong character are essentials. Turn-offs include: #MeToo feminists, complex girls, high-maintenance bitches, and nasty old ladies. No gays, please. I enjoy laughing, having fun, and spending time with loved ones– just like everybody else. What are you waiting for? Come for me!!

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What is World War?

This has now become a serious, real-world question. There can be no misconceptions when it comes to world war, as the stakes are too high for everyone. Therefore I have complied these following maxims, through a study of history regarding the true nature of world war. It is most important that we never forget these lessons.

Immutable Rules of World War:

1) The side that is allowed by all other nations to push for war (Germany in WW1 & WW2) eventually gets its way. When militarism is treated with indifference in elite circles, and “war fever” is allowed to grip powerful nations, then a world war becomes inevitable. History has proven that a crisis with global implications (such as control of the world’s oil supply) overwhelms individual leaders and carries everyone into the conflagration. This is where Donald Trump and his fascist White House cabal have led us today, with the complicity from top Democrats connected to the US deep state, as they push for war.

2) World war takes on a life of its own. It consumes everything through destruction, and it can’t be stopped easily. All sides fight to complete exhaustion. The only “winners” are the ones who don’t have to fight. These are the classes who contrive war, then reap the spoils in the name of nationalism. For the working masses of every population it means hardship, hunger, and often being driven from home. The only way to stop a world war is to prevent it from starting.

3) No nation with a significant military can remain “neutral.” The US stayed out of both world wars for as long as possible under capitalism, for reasons of self-interest. US Presidents Woodrow Wilson (1913-21) & FDR (1933-45) knew that reserving American manpower gave them leverage in diplomacy as the battles raged from the start. But trading with Great Britain is the act of an enemy from Germany’s perspective– in both wars; and threatening to cut off Japan’s oil was the trigger for their surprise attack on Pearl Harbor on December 7, 1941.

4) The rule under imperialism, the highest level of capitalism is: “Choose your friends wisely.” Tethering to a loser(s) is a no-win move. This happened to Germany in the Great War (1914-1918), when it created a Central Power alliance with the crumbling Hapsburg monarchy of Austria-Hungary & the Ottoman empire in Turkey. Neither of these semi-corpsed dynasty remnants had anything close to a modern army, command structure, or military economy. Neither could resist Allied advances without German support, command & equipment for the entire war. Their lands were ravished by imperialist destruction & bloodlust.

5) Small nations & vast regions without government control, are the pawns of competing powers. They are expected to provide safe harbors, resupplies, safe passage, and anything else a controlling power needs during war. If a tiny government or territory acquiesces to all this, then it can remain “neutral,” which means its cities won’t be destroyed. As stated earlier, the rule under capitalism is “choose friends wisely,” but small nations usually don’t have a choice.

6) The side that controls the seas & air– wins the war. Great Britain controlled the oceans in the Great War, despite being unable to completely solve the German U-boats. The UK had a massive fleet, with enough industrial capacity to replace its losses– for awhile at least. Germany’s merchant fleet was not allowed to move in either world war, while the Allies received vital aid from Canada & the US. In World War II (1939-45), US ships & military aircraft controlled the Pacific theater after the Battle of Midway in June 1942. This allows effective embargo, which cripples any nation’s war machine & deteriorates domestic morale.

7) Nationalism is every nations’ religion & ideology. Propaganda & jingoism are part of every government’s war drive. This happens in print, in film, and with war songs in history. History teaches us that “fake news” has been around for a long time, as long as there have been class divisions– which is the entirety of human civilization. Censorship, manipulation & blacklisting are not new policies, only their forms in which they are practiced are new. Their first targets are always socialists. Nationalism, entangling alliances, and secret diplomacy are the biggest enemies of world peace.

8) Socialists, internationalists & artists are the first to be jailed & killed. The biggest fear of every ruling class is socialist revolution. The masses don’t want war. They are coerced into fighting for their country. When war sours, armies begin to mutiny, and class rule is threatened. That’s when world wars are ended, as the internal threat to its existence becomes primary over any imperialist ambitions. For example, French socialist Jean Jaures (1859-1914) was assassinated at the outset of the Great War. Most socialists fled to neutral countries at that time, including Lenin (Switzerland) & Trotsky (United States), before returning to Russia after the overthrow of the tsar in March 1917. Leon Trotsky was assassinated in Mexico City in August 1940 by agent of Joseph Stalin– at the outset of WWII.

9) Revolutionists are first to be killed after the war too, especially on the side that lost. Karl Liebknecht & Rosa Luxembourg were revolutionary socialists who were executed by German secret police in January 1919. This was done to achieve “stability,” for the new Weimar republic which would last until January 1933, when Adolph Hitler’s Nazi party (which was losing political influence) took power without firing a shot. The Nazis were handed power by the military & industrial elite to eliminate the socialists for the ruling class. Hitler did that, and much more in the name of capitalist exploitation.

Vladimir Lenin, the leader of the Bolsheviks was shot and badly wounded in August 1918. He eventually became ill, and died from multiple strokes in 1923-24, which were side-effects of that assassination attempt. This helped pave the way for Stalinist (bureaucratic) degeneration of the Russian Revolution. It should be understood that the Russian Revolution of November 1917 was the biggest impetus towards ending the Great War, as all governments then recognized the threat of a workers rebellion at home, due to its influence.

Today, Julian Assange & Chelsea Manning are in jail because they revealed government war crimes to the world. Ex-CIA analyst Edward Snowden had to flee to Russia for asylum. Embassies are being invaded in London & Washington, and their occupants forcibly removed. I defend all these courageous whistle-blowers because I know if I don’t, then I’m next. At some point one must realize how personal this is for everyone.

10) Most people who haven’t experience war first-hand, have little idea what it really means. Soldiers who came back from the trenches in the Great War had their stories largely dismissed by the population, who preferred to believe the propaganda. If one is insulated from the realities if war, or takes no interest in learning its lessons, then one is a philistine. The only way to make the ruling elites learn, is to make them personally accountable for the pain & consequences of world war. Otherwise they lazily drift off into post-modernist philosophical nonsense to justify their ideology of war & inequality.

World War II wasn’t any episode of Hogan’s Heroes (1965-71), either. This half-hour sitcom was brilliant in its crazy-concept comedy, mostly due to its talented cast, including Werner Klemperer, Bob Crane, Richard Dawson, etc… In reality, in Nazi Germany, every Allied prisoner along with Col. Klink, Sgt. Schultz, and the rest would be tortured & then shot dead during or after every episode.

In American propaganda terms Hogan’s Heroes is their biggest & most-influential TV hit ever, still running in syndication everywhere. Hogan’s Heroes is hilarious escapism, a psychedelic trip of its time about a horrible war, manufactured & produced by Hollywood for its powerful friends in Washington. It’s okay to laugh, as long as one truly comprehends the history.

11) World war is a class war. Rich people rule, talk loudly, & thrive; while poor people obey, fight, & die. The military is like this too, with its privileged ranks of officers who command behind the lines, while the enlisted men & conscripts battle on all fronts.

12) Machines are more powerful than men & their “fighting valor.” The Great War was so-named because it introduced modern warfare to the world. Trenches, machine guns, heavy guns, barbed wire, flamethrowers, modern artillery with explosive shells, tanks, & poison gas were all used on the field of battle. Battleships, cruisers, aircraft carriers, destroyers & U-boats changed naval warfare forever; as did airplanes for controlling the skies in reconnaissance, strafing & bombing. No soldier can stand in the face of such overwhelming & frightening firepower. World War II innovation began with radio & telephone communication. This later facilitated concentration camps, gas chambers & atomic bombs as more efficient means for killing people.

13) Economic inequality, leading to mass discontent, is the trigger for war. Capitalist theory demands that economic crisis at home be resolved by unleashing violence on a global scale. That is the essence of world war. Today there are trillions dollars in hot money with no place to go, while masses of people are jobless and/or homeless. The US dollar is being dumped globally, so soon enough hyperinflation will come to America, and even those with good jobs won’t be able to afford necessities like they used to. For over a decade the Federal Reserve has electronically printed money for the rich, who have invested it in nothing productive, but simply hoarded it for themselves. All US government spending is for the military, and now foreign powers are rearming themselves. Russia & China are massively dumping dollars and stockpiling precious metals, which are essential for technology & to a war economy. This is the combined foreign response to Trump administration economic sanctions, trade tariffs & military threats.

14) A nuclear war is unwinnable, as it implies mutually assured destruction. For a small window between the atomic bombings of Hiroshima & Nagasaki in August 1945, and the development of nuclear capabilities by the USSR in the early 1950’s, there was a frightful period when one superpower had supremacy. That equalized itself by the 1970’s, and any arms race since then has always proved futile. You can not win a nuclear war, even on a small scale, as the blow-back & nuclear winter implications are immense & uncontrollable. The nuclear option always needs to be left off the table. Instead it is wielded threateningly by madmen, which only portends catastrophe, unless checked globally by the working masses.

Final thoughts on world war:

Media saturation of lies & fake news, combined with the Democrats emphasis on identity politics, has led to mass apathy in official US politics. There is no anti-war movement from the Democrats, because they insist on lining up behind the likes of John Kerry, Barack Obama (drone president & deporter-in-chief), Hillary Clinton and Joe Biden– who are all hawks. The news networks, CNN & MSNBC fill their airtime with middle-class radicals who endlessly pontificate, in an era when liberalism is dead. Every one of these feminist, racialist, and/or LGBT identity-politician charlatans opposes the mobilization of the workers in a mass anti-war movement, due to their ties to the Democrats. They are all traitors to the cause of peace.

This is where we end up when a master manipulator in politics (Roger Stone) gets a sociopathic child (Donald Trump) elected POTUS, who is then manipulated by every right-wing element in Washington (Bannon, Miller, Bolton, Pompeo, etc) through arrogance & stupidity. When asked yesterday (Thursday), if he was about to go to war with Iran, Trump responded flatly, “Hope not.” This is a very low-IQ response to the most-serious question, “Are you about to start World War III?”

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Discussing options left off the table

John Brennan is the source of “Russiagate,” which began in earnest the night Hillary Clinton blew Election 2016. This is an open secret in US politics.

Outgoing US President Barack Obama, who always projected himself as the wise & patriotic peacemaker, tried to mediate the 2016 results by declaring the election an “intramural scrimmage.” This surely revealed more than he intended about the US election process. The hidden ugly truth is that big money buys every election under capitalism. The elite Democrats & Republicans are on the same team, and if you aren’t supporting the richest 1%, then you don’t count. The lower 90% just gets to watch this intramural scrimmage. They can be cheerleaders if they like, but there are no real rewards for them when it’s over.

Only those who actively support the cause of the big banks & conglomerates get rewarded. CIA Democrats entered Congress en mass in 2018, and now hold enormous influence in the House of Representatives. But curiously, most of the sensational headlines are directed towards powerless “liberals,” including Alexandria Ocasio-Cortez (D-NY) & Ilhan Omar (D-Mn) who are used as flogging horses to push everything to the right, when most of the population is moving sharply to the left.

Fake news is promoted through the corporate media, and dissent is met with government-intelligence censorship of the internet– most particularly in social media. The US government permanently creates new crises, to cover up old disasters. This is called propaganda, and its trademark methods are media manipulation, psychological warfare & false-flag operations. This is turned into incendiary foreign policy, by projecting US military power globally to offset its continuing economic decline.

For example: less than two weeks ago the fascist cabal in the White House was provoking a coup attempt in Venezuela that ended in fiasco; by this past weekend, these same war criminals are threatening to start a war with Iran– for any reason. This, combined with Donald Trump escalating the trade war with China, which he started, leads us to the present geo-political crisis humanity faces.

The DJIA, Nasdaq and all the rest of the stock indices are plunging as I type this article. The source of the problem is US Federal Reserve Bank, which has been electronically printing money for a decade, that has been invested in nothing productive– by society’s wealthiest speculators.

Hyper-inflation of the US dollar is now a threat to bring down the entire global financial system. History proves that the intransigence & willful blindness of capitalism can only lead to world war, unless the working masses intervene in their interest.

Any political solution proposed by the two-party set-up in the US (and anywhere else) must be rejected with contempt by workers & youth. In the US, Democrats & Republicans ALWAYS work together, as their perceived “differences” are tactical only, while agreeing in objective.

Their religion is American nationalism, in an era where scientific thought is now needed to revolutionize society, and solve its most pressing issues through international cooperation including: massive inequality, rampant militarism that threatens nuclear war, and impending global environmental disaster due to climate change, etc…

Trump, Bolton, Pompeo & Co always insist that “all options are on the table,” but this never includes rationality or facts. Veiled threats, arrogant assertions, and fascist bluster are the total content of Trump’s rants. Of course, peace through socialism is never an “option on the table” for the ruling class.

Deep state Democrats are also pushing for fascism, and are offering no resistance to Trump, because they agree in objective. Bernie Sanders is trailing front-runner Joe Biden for the 2020 Democratic nomination, both in the polls and in fund-raising.

What’s happening here with the Democrats is the same failed strategy as 2016, but this time with a male candidate. A conservative Democrat tied to Wall Street & the military, with political skeletons in his closet, sounds like a good match-up for Trump 2020. Losing a presidential election is a sacrifice the Democrats have made many times before (2000, 2004, 2016), as the deep state clearly feels they can’t allow a left “extremist” such as Bernie Sanders to represent their party in the Oval Office.

Sanders, AOC & Ilhan Omar are the final line of “leftist” ideology in official US politics. By the end of 2020, these political fakers will be crushed by big money and the weight of world events. Liberals are snowflakes by definition. Snowflakes may look pretty, but they have no power. They fall softly to the ground, before turning into slush and then mud, as soon as the temperature rises.

It will be impossible for the US to have a “socialist” president and/or congress in 2020-21, because there is no support for it within the two-party system. Joe Biden is the preferred the choice of the deep state, warts and all– and that’s that. The Bernie Sanders campaign will be dispatched in a similar manner to 2016, as shown by WikiLeaks. This is why it’s important to learn from history.

The campaign to free Julian Assange & Chelsea Manning has now become a struggle for internationalism. What has been proven beyond a shadow of a doubt is that no nation’s government on this planet will support Julian Assange, the courageous whistle-blowing journalist who revealed mass criminality on a world-wide scale. All who remain silent, or support his rendition & imprisonment are fascists. This has become a free speech issue, where if you don’t stand up now, then no one will be left to stand up when the police state comes for you.

The conclusion is that time is running short. The elite ruling classes around the world have all increased their military spending in the wake of Trump’s Electoral College win in 2016. The world is re-arming in preparation for World War III, and there is no constituency in official US politics & the media that opposes this madness.

The US two-party political straitjacket is hurling humanity towards an abyss through its covert operations, reckless militarism, and economic strong-arming of rivals. The impending global financial crisis will morph into a political crisis, questioning the viability of capitalism with revolutionary consequences in every nation.

The only social force that can prevent a historical catastrophe of civilization is an internationally united & organized youth & working class, armed with a Trotskyist program of revolutionary socialism. None of these briefly outlined problems are going the go away, until the crisis of revolutionary consciousness & leadership is overcome globally.

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Socialize social media!

Calls for Facebook to be “broken up,” as in a recent New York Times Op/Ed, are impotent. The most relevant historical example of a government mandated monopoly break-up was AT&T/Ma Bell in 1982, where the Bell System was split into separate companies to provide local telephone service, while AT&T continued to be a provider of long distance service.

The breakup of AT&T’s Bell System resulted in the creation of seven independent companies (bold-typed below), and here’s what happened to them:

1) NYNEX was acquired by Bell Atlantic in 1996, and is now part of Verizon Communications
2) Pacific Telesis was acquired by Southwestern Bell Corporation in 1997, and is now part of AT&T
3) Ameritech was acquired by Southwestern Bell Corporation in 1999, and now part of AT&T
4) Bell Atlantic merged with GTE in 2000 to form Verizon Communications
5) Southwestern Bell Corporation was re-branded as SBC Communications in 1995, and then re-acquired AT&T in 2005
6) BellSouth was re-acquired by AT&T in 2006
7) US West acquired by Qwest in 2000, which in turn was acquired by CenturyLink in 2011

As we can see, AT&T eventually re-acquired most of its lost pieces, and their monopoly has been re-established on a higher level. The innovation of cell phone technology has allowed a few competitors into the market such as Verizon, T-Mobile, Centurylink, etc.

AT&T wrangled concessions in their 1982 agreement with the US government, that allowed them to enter the computer market. By the mid-to-late 1990’s this became the internet service provider & cell phone industry. The result today is that a few major technology companies control the internet & mobile communications– through shared monopoly agreements.

What millennials need to understand is that back in 1982, the touchtone telephone was the primary way people communicated news & gossip over long distances. The telephone system, which AT&T monopolized until then, was the era’s equivalent of the cell phone Facebook & internet. Of course, the only way anyone knew who to call was by having a phonebook. That’s the equivalent of Google & every other search engine today.

Eventually under capitalism, it will become one telecommunication giant in control. To the liberal reformists/apologists who always get a prominent voice in the New York Times (and all other fake media outlets) the question must be put forward, “Then what?”

Facebook is a technology platform that revolutionized media and how people interact online. It’s the users who deliver the content that drives everything. Stop censoring it, and let the users be the moderators. That’s much more democratic that Mark Zuckerberg using algorithms and an army of censors to de-platform those of us he doesn’t like.

Here’s a quote from Facebook co-founder Chris Hughes cited in the NYT Op/Ed to illustrate this point. “Mark [Zuckerberg] alone can decide how to configure Facebook’s algorithms to determine what people see in their News Feeds, what privacy settings they can use and even which messages get delivered.”

Fakebook is now a corporate dictatorship, which takes its instructions from the US deep state. This is a conscious ruling-class policy, meant to counteract the revolutionary potential of social media.

Miscellaneous #MeToo feminist commentary:

‘I feel powerless’: Brazilian MMA fighter opens up after punching ‘masturbating’ fan
Published: 29 Apr, 2019

This story published by Russia Today was shared widely on social media, so I feel compelled to express myself here. Evidentially, Brazilian MMA fighter Joyce Vieira was doing a bikini photo-shoot on a beach in Rio de Janeiro, when a man later identified as Josenei Viana Ferreira, was openly pleasuring himself while watching Vieira. Thankfully, there are no photographs nor video of the alleged incident.

The upshot is, if Joyce Vieira (above) was any kind of martial artist, she would have kicked him in the balls. Then he would have gotten his comeuppance, and she wouldn’t feel powerless afterwards. When you are a poser & don’t know what to do; you feel regret, anger, and blame others instead. With that said (and since she has no idea how to handle this situation), this jerk-off should be made to publicly apologize to her face, because that is WAY out of line. Am I being fair here?

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US-led coup attempt in Venezuela ends in fiasco

Yesterday, April 30, 2019, the Trump administration attempted to orchestrate a coup to remove Venezuela’s democratically-elected president Nicolás Maduro from power. His replacement was to be Juan Guaidó, the US puppet who declared himself president of Venezuela back in January. Trump’s cabinet members have since arm-twisted over 50 other nations into supporting this unprecedented breach of sovereignty. The prize is Venezuela’s oil reserves, the largest in the world.

The US Democrats have quietly approved from the sidelines, and are in complete support of this adventure. The two-party straitjacket of US politics requires obedience to the narrative that Nicolás Maduro is a “socialist,” and thus any method for his removal is legitimate. That means “maximum pressure” and “all options are on the table” type of nonsense being reported as diplomacy by the lapdog corporate media.

Maximum pressure always backfires when it is only backed by lies. This most recent Venezuelan coup attempt is stunning in its obvious pre-planning in Washington, as well as its clumsiness in execution. The chief architects of this farce are the Trump cabal, including VP Mike Pence, Secretary of State Mike Pompeo and NSA chief John Bolton. Florida’s Republican senators Rick Scott & particularly Marco Rubio have played foul roles, mostly consisting of tweeting propaganda, and making false statements to the media.

One of the most striking features of this debacle has been the swift resistance from ordinary people online. This coup attempt had serious deep state planning & coordination throughout the media, yet online commenters are pigeon-holing this Bay-of-Pigs style fiasco so fast it’s making media heads spin. The fascist elements behind this conspiracy have been knocked back fiercely, by people who are now much more politically conscious. The red-baiting “Cuba/Russia influencing Venezuela” narrative has been widely debunked already.

As a rule, intelligence agencies such as the CIA, NSA & Special Forces act covertly when interfering in foreign affairs. That’s their modus operandi, so to be discovered or “outed” during a black operation such as this is considered a disaster. These “covert” activities are now being discussed & analyzed online in real time, as this coup attempt in support of Juan Guaidó is such an overt lie that hardly anyone is fooled anymore.

Once these war criminals lose their anonymity, their power diminishes, and that’s what’s going on here. When the Venezuelan “opposition” finally gets mopped up in a few days, US intelligence agencies & their deep state benefactors will be in a much weaker position for all this. Sanctions will surely be the next strike, but the world has seen this blatant attempt to overthrow a foreign leader, and will seek ways to aid Nicolás Maduro– who is being seen as treated unfairly by the US.

For example, a key US ally, Turkey was quick to condemn this US-facilitated coup attempt. That’s how Donald Trump is making his “friends” feel, so you can imagine the opposition from proclaimed enemies such as Russia & China. John Bolton & Co. tried to re-invoke the Monroe Doctrine, and it blew up in their faces because we no longer live in the 19th century.

This gambit has Donald Trump written all over it, because it’s a reckless & stupid move; demonstrating zero understanding, an unwillingness to learn, and an absence of rationality. It’s a short-sighted, low percentage, high-cost failure– a Donald Trump trademark. If he can’t be impeached for this criminality, then US Congress must be diagnosed as dead through its complicity.

By the evening Nicolás Maduro declared to the people of Venezuela, “The self-proclaimed, Juan Guaidó, and Leopoldo López personally led the coup d’état.” This statement coincided with the Chilean Embassy in Caracas announcing that Leopoldo López, with his wife & children, had just been received as “guests” of the Chilean government. Twenty five other military officers loyal to Guaidó were compelled to take refuge in the Brazilian embassy.

Leopoldo López (right of Guaidó above) is another US-educated & CIA-recruited “asset,” meant to be a leading figure in Venezuelan politics after the regime change. Instead, he and his family had to flee to a US-protected embassy to avoid arrest by the omnipresent Maduro loyalists in the Venezuelan military & police.

From a logistical standpoint, not much else could go wrong in this ill-conceived conspiracy to overthrow Maduro. This calls into question not only the sanity, but the effectiveness of the CIA and all other actors involved.

It turns out that the US deep state can’t overthrow a democratically elected leader by means of an online & media campaign in support of a few puppets no one recognizes. This should be very concerning to the ruling elite, because this used to happen regularly in the 20th century. This once again illustrates the power of the internet & social media. This is also the reason the internet is now being so rigorously censored by big technology.

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New Age Gold Rush

The world’s central banks, large investors & financial houses are all buying gold. This kind…


Not this kind..

“Gold certificates” are understood as worthless by serious gold investors. This is because a gold certificate has no use value, while precious metals do.

So why this gold buying spree? The short answer is the global financial elite see the next crash coming, and are bailing out on the US dollar to hedge with gold & other precious metals. Governments see global conflict coming, and want physical gold in their banks.

For the vast majority of the world’s population, there was never a recovery from the 2007-08 economic crash. For workers it’s been suppressed wages, high debt, and an ever eroding standard-of-living. The cost-of living, particularly for housing, real food, and health care has skyrocketed.

Now, US sanctions on Iran have allowed Saudi Arabia’s barbaric monarchy to effectively control the global oil supply, so expect record gasoline prices by this summer. Oil is “black gold,” the most important commodity in modern capitalism– outside of human labor.

The US Federal Reserve’s stock market disaster of December 2018, after the beginning “quantitative tightening,” signaled the end is near. The financial markets are comparable to junkies, who need ever-increasing doses of smack (free money) to sustain themselves. They can never quit, or else they’ll die.

The Trump team now advocates more injections for corporate America, further inflating this stock market bubble. Trump’s hopes in 2020 depend on it, but it is questionable whether we will even reach 2020 before this entire house of cards collapses, and a revolutionary situation presents itself. There is mass discontent among America’s workers & youth. Everything in the media is meant to deflect from this reality.

Getting back to real gold, its demand has never been greater, and the reasons are obvious. Gold is always a safe haven for store-of-value, and never depreciates naturally. The same goes for silver, platinum, palladium, and all other precious metals.

As discussed in an earlier article, the fact that precious metals don’t tarnish, makes them useful in chip circuitry, electronics, and a wide range of technological applications. Technology is a major battlefield among competing nation states. Under US capitalism, Russia & China are considered “strategic competitors” to be crushed.

Gold is limited in supply, as there’s only a finite amount of it in the Earth, so everyone with money is looking to obtain this invaluable resource. It appears that Africa has become the major global supplier of raw gold ore. Reuters just reported on this global black market which funnels through the United Arab Eremites (UAE). For reference, the UAE is closely tied to the House of Saud– and thus Washington, Wall Street & Langley.

The environmental cost of this illicit mining & refining is devastating, and just another unaccounted cost of capitalism. Black market means no taxes are paid to the governments of these African nations on the gold that is being smuggled out. This is how 95% of Africans are being cruelly exploited & poisoned by this new age gold rush.

The World Gold Council reports that central bank gold buying is at the highest levels since 1971. Of course, this is when US President Richard Nixon (advised by Henry Kissinger) took the US off the gold standard. Gold prices had been held at $35/ounce since Breton Woods, the post-WW2 global economic agreement among the winners.

By January 1980, gold traded at $850 an ounce, proving the US had been suppressing the value of gold for decades. This had the convenient effect of inflating the value of the dollar, which held unquestioned predominance as the global reserve currency through the second half of the 20th century.

Since early 1980, monetarists such as Fed Chairman Paul Volcker have adopted the theory that stock markets are the true measure of economic health. The market crash of 1987, due to junk bonds, established the “plunge protection team” and the “Fed put” which meant big investors would always be bailed out in times of crisis. This is where the term “too big to fail” came into being.

But the crash of 2008, and the rise of China as an economic superpower has called US predominance into question. A decade later, nothing has been resolved. The US government still insists on maintaining its economic hegemony, while electronically printing trillions of dollars for their well-connected banker cronies. The result has been the inflation of the largest financial bubble in history, the stock & bond markets.

Trump’s chief economic advisor Larry Kudlow (above) is now calling for interest rate cuts, with an immediate cut of half a point. The Fed funds rate (bank overnight lending rate) is currently ~2.4%. Any Econ 101 student would surmise that if a 2.4% Fed rate is too high, then the economy is dead. Especially when ordinary people can’t get a business loan for less than 10-12%.

Consider that ~12% of student loans are now in default, as 45 million Americans carry student loan debt. Those loans start at 8-10%, and go up from there. Student loan borrowers must “carry on,” while bankers & hedge fund speculators can’t manage their businesses with overnight loans at 2.4%!

All this reaches into the murky world of financial debt, where much is unknown (by design), with modern capitalist theory always assumed to be good coin. Let’s go back to Econ 101. Currently US national debt is officially over $22 trillion. For comparison, US GDP was calculated to be ~$19 trillion in 2017.

This GDP is an over-estimate, as the DJIA, S&P 500 & NASDAQ are all littered with zombie companies that are underwater in debt, yet counted as net contributors to America’s economy. It’s estimated that globally, one-in-six corporations are zombies. Thus, negating the fictitious value of these zombies removes over $3 trillion from the current US GDP.

By definition, zombies suck up resources, while contributing nothing of value to a society. Tesla, Netflix, Uber and just about any bank you can name are real-world examples of zombie corporations.

A dirty secret among Wall Street & government insiders is that the $22 trillion of national debt is only the tip of the iceberg. The remaining 90+% is so-called “hidden debt,” in the forms of underfunded (looted) pensions & worthless derivatives.

Social Security, Medicare, IRA’s, etc., are all bills which most taxpayers expect to be paid. These are the paychecks that many, many retirees need to survive. The truth is there is basically no money left in these accounts. They are industry-termed as “unfunded liabilities.” US militarism & Wall Street speculators have drained them for corporate profits.

This money was “borrowed” by Wall Street investors and fueled the derivatives market, which is surely the largest part of this hidden debt financial criminality, with a global estimate of $1.2 to $1.5 quadrillion in toxic “assets.”

These are “futures” contracts which have no market value, yet investors will expect payment– 100 cents on the dollar. This bailout is expected to come from the taxpayers, in case you didn’t know. Except there isn’t anywhere close to enough tax revenue to pay this bill, as Fortune 500 corporations don’t pay taxes, so the US government is now bankrupt.

Once the numbers get this huge, debt service (making just the interest payments) becomes impossible through the magic of compound interest. This is where the financial system is right now, with militarism re-arming to the teeth, trade wars erupting, and central banks scrambling to buy gold and other precious metals, as everyone gears up for war.

What’s happening in investment is a global run on the only resources that truly hold value, particularly precious metals. Gold today is trading today at ~$1,275 per ounce. This is an absurdly low price in US dollars, as discussed, with the Federal Reserve electronically printing money in order to prop up its fake economy. When the crash comes, gold & all other precious metals will skyrocket in value.

Since the US abandoned the gold standard in 1971, precious metals have been manipulated downwards in price, as government policy to discourage widespread investment. Gold is physically heavy, so it is costly to transport. Obviously transportation also requires heavy security. These are the costs & risks of maintaining gold reserves.

Many countries are now calling in their gold bullion from foreign banks, with mixed results– at best. The process of transfer which used to take weeks or a few months, now takes years at minimum. No one wants to give up gold, and possession is nine-tenth ownership– as the saying goes.

For example, Venezuela’s government trying to get its gold, which is “stored” in the UK central bank. This is a sticky example of international finance & diplomacy. It is understood that if world war breaks out, all foreign gold reserves would be confiscated by that nation’s banking system.

The stock markets have boomed, as corporations in every industry (through access to unlimited cash), have eviscerated work forces, imposed wage freezes & austerity, while skimming the surplus value for themselves. There is no longer any capital investment into innovation, R&D, or wages; as money is siphoned out through QE printing for stock buybacks, then it is moved off-shore, until it can be repatriated at an ultra-low tax rate, as happened with the Trump tax cuts.

Billionaires all over the world have their fortunes hoarded in private accounts, which does nothing helpful for the overall economy. They use it to buy more stuff like art, yachts and palatial mansions for themselves. That’s what you do when you lead a fake life, chasing fool’s gold.

The day of reckoning is coming, as the political consciousness of the working masses becomes more socialist. This level of inequality, where rich & poor people are diametrically opposed under capitalism, is not sustainable. These issues have reached the point where they can no longer be ignored, as too many people are adversely affected.

The media’s fake news isn’t working so well anymore either. The primary media narrative of the past two-and-a half years in America has been “Russiagate.” What is this about, really?

The US government & national intelligence establishment has hated Russia since the Revolution of 1917, led by Lenin & Trotsky. Before then, the US never cared about Russia under tsarist feudalism, except in literature. What this means is that all anti-Russian propaganda is about ruling class hatred of socialism.

The reaction of the wealthy class to the upcoming crisis is to hoard cash, and now gold. The working class response must be to arm & organize itself with a socialist program, which recognizes that the labor power of the worker is the only true wealth a society can create.

The only political party that can lead this global revolution is the International Committee for the Fourth International (ICFI), which is represented by the Socialist Equality Parties (SEP) in nations around the world, and can be found online at the World Socialist Web Site (WSWS), which publishes daily.

Every other political tendency which claims a leftist position or socialist/Marxist program is a false-flag organization that flows into liberal capitalism & Stalinist reaction. This includes all the labor unions, the DSA, and the now-defunct ISO.

The ICFI is a legitimate political party, with origins that go directly back to Trotsky’s formation of the 4th International in Paris in 1938, two years before he was assassinated by an agent of Stalin. Any attempts to organize, strike, or politically protest (such as freeing Julian Assange) should be done through (and in sympathy with) this revolutionary organization. The same applies to political contributions.

The ICFI/SEP/WSWS are unique in that they are the only political organization in the world that won’t stab the workers & youth in the back. Instead they seek to educate, unite & lead the oppressed workers of the world in a socialist revolution that will conquer capitalist tyranny, and establish an equal & free global society.

Is that anything to be afraid of? No, it’s something to embrace.

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New Keiser Comments

The first one got through. But the theoretical explanation of historical economic models will surely get censored by Russia Today, so why bother?

Preface: I view the Keiser Report as today’s “money talk” version of WKRP in Cincinnati (1978-82). The program always begins with Max Keiser saying in one form or another, “Hello, I’m Max Keiser. Welcome to the Keiser Report.” If you’ll notice, that has a very Les Nessman quality to it. Max Keiser also has a lot of Herb Tarlek in him, with a touch of Johnny Fever.

Fans of course love Stacy Herbert, who plays the calming influences of Jennifer Marlowe & Bailey Quarters, which holds things together. The second-half interviews are hit-and-miss, just like original series.

Great show Stacy & Max!  Trans·mog·ri·fy (verb): to transform in a surprising or magical manner.

To second-half guest Rick Ackerman: Hyper-inflation implies a huge financial crisis, which isn’t sustainable. At that point it’s two paths: 1) the monopolists win, or 2) there’s a socialist revolution of the masses. Hyper-inflation can’t normalize to the point where “you can take a few bills out of your wallet to pay the mortgage.”

To the commenters here: Yes, Max & Stacy check the comments. If you have something to say, they’ll even read them. Censorship is never the answer.

On Max Keiser’s idea that we are becoming neo-feudalist, that’s impossible. Feudalism was an economic system that came into being after centuries of post-Roman Empire anarchy. Feudalism was peasant (farmer) based, and its reinforcing ideology was the Catholic Church. Capitalism comes from the Enlightenment & science, and is a higher economic model, which began in England as the industrial revolution.

The reinforcing ideology of capitalism is the power of money in the form of capital. Napoleon spread it across Europe, using superior forms of violence in conquest. The one “great power” that stayed backwards was Russia, which Napoleon couldn’t conquer, due to its vastness & harsh winters. This became historically significant in 1917.

Capitalism is an urban (working class) economic model, which in its early stages allowed for mass education & ground-breaking innovation. but quickly turned into monopoly. After the Great War, America took the lead in global capitalism.

But inevitably it becomes an uncontrollable Frankenstein which consumes everything. Theoretically, the masters of capitalism seek to rule a world of slaves. This “highest level of capitalism” is unachievable, because the people of the world won’t live as slaves. They’ll die first. The only path out is a socialist revolution.

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Fake Intellectualism

Here’s my summary of the Slavoj Zizek vs Jordan Peterson “debate,” held April 19, 2019 in Toronto.

To put it simply these two anti-Marxists rambled on with sophistries for over two hours, while never making sense to anyone, especially to those who work for a living.

As noted by Peterson in his opening remarks, tickets for this “debate” were scalping for over $1500, which means the audience was well-heeled. No one who works for a living (and is on a budget) could afford to attend this debate. The class bias of the audience was confirmed, with loud applause for every irrational comment disguised as meaningful philosophy by either individual. It more resembled a political convention, than a serious discussion, with the audience functioning as cheerleaders for their favored candidate. That is the definition of post-modernism, where nothing makes sense, and everything is subjective– including facts.

Post-modernism is the ideology of late-stage capitalism, where everything is breaking down & elite criminality pervades. Post modernism is used to fill in the cracks of society with irrationality, in order to disorient & demoralize the working masses. Enter Slavoj Zizek & Jordan Peterson.

Neither of these proclaimed “intellectuals” knows a real living Marxist, much less engages with them on an intellectual basis. Any leading member of the ICFI, which publishes the World Socialist Web Site (WSWS), would make Zizek and/or Peterson look silly in a real debate. Capitalism blacklists the WSWS, in order to elevate this nonsense, and present these frauds & their elitist garbage as serious analysis.

Nowhere in this debate do the speakers discuss economic equality with any seriousness. Nor do they discuss internet censorship, militarism, and the criminal wars of aggression which are all policies of the US and every other government on the planet today. These issues are fundamental to the survival of the human race, and yet they are danced around by these intellectual impostures.

Slavoj Zizek on Hegel is painful, in how he contorts his arguments in order to separate dialects from Marxism. As anyone who has ever tried knows, Georg Wilhelm Friedrich Hegel is very difficult to read. If one wants to understand Hegel’s revolutionary philosophy (dialectics), the best critiques in history are those of the Russian Marxist– Georgi Plekhanov.

David North of the ICFI has written extensively on Plekanov. Vladimir Lenin said Plekanov’s writings are the best education on the writings of Hegel, and essential reading for those who seek understanding of his complex philosophical ideas. There is no mention of any these essential references from Zizek or Peterson, who probably haven’t even read them, as neither has any real interest in truth, but only elevating themselves.

Both of these ivory tower hucksters are hung up on “hierarchies,” which is awfully convenient. Coincidentally, capitalism is hung up on hierarchies too. These “thinkers” don’t ever see beyond their own noses. Revolutions happen in history, but never in their thoughts, analysis or conclusions. Thus, when a revolutionary crisis presents itself, all this pseudo-intellectualism vanishes into nothing. The millstones of history grind exceedingly fine, and Zizek & Peterson are destined for it’s collective dustbin.

This spectacle did nothing to raise the intellect of humanity. It was really two phony emperors strutting in their underwear. With that said, Slavoj Zizek naked is another painful image, but it has value– in the negative. Physically Slavoj Zizek is a mess: overweight, slumping in posture, constantly touching his face & nose, and slobbering in his speech. If Zizek is a genius, then why doesn’t he fix his lisp, and learn to control his spitting? That’s also a measure of intelligence.

I challenge Slavoj Zizek & Jordan Peterson to address this economic problem rationally. Globally in 2019, there is now roughly $55 trillion in government-held Treasury bonds that are worthless, but counted as “assets.” Consider the global derivatives market which is conservatively estimated at $1.2 quadrillion, and held almost entirely by big banks & investment houses. That’s 20 times more “assets” that are worthless, than what the world’s governments already hold.

Global GDP is around $80 trillion, and can never grow fast enough to meet projected targets, so these futures are all unpayable. Unlike 2008, the sheer size of this fraud makes it impossible to be bailed out. When the next crash comes, capitalism will face a revolutionary crisis. This is the conundrum that Trump, the Democrats, and all the rest of their ilk seek to avoid at all costs, as its their heads that will roll. What do Zizek & Peterson have to say about this concrete problem? Nothing, at all.

As mentioned earlier, Zizek & Peterson are anti-Marxists, which means they are (in the final analysis) apologists for capitalism, and well-paid for their services. Their celebrity is just another extension of this vast fake economy, that rests on free money from the central banks, which is used to prop up a capitalist system that is about to collapse.

The rise of fascism is a serious political development, yet neither of these charlatans take it seriously. When ICFI chairman David North states in the video embedded above, “Fascism is punishment for the failure of workers to build a leadership,” one instantly grasps that meaning.

Intelligence is the ability to communicate complex truths directly & understandably. Those who attempt to dazzle their audiences with intellectual nonsense, are ultimately insecure in their ideas. Thus the constant nose-touching by Zizek. In the end someone who is smarter will challenge them, and eventually historical events will prove both of them wrong. That is an unavoidable historical truth.

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#MeToo vs. Joe Biden

The #MeToo Democrats have hit a snag with Joe Biden. His creepy behavior towards young women doesn’t play with his 2020 Democratic front-runner status.

Yeah, this is creepy behavior, a US VP abusing his power– no question. But that’s what he is, so what did you expect? Of course, no feminist said anything at the time, but now it’s an issue for them.

The contradictions & hypocrisy of the #MeToo witch-hunt are coming into sharper focus. The #MeToo campaign forever diminished itself during the Kavanaugh Hearings last summer, when much of the already skeptical public saw through the #MeToo lies, which served to promote an arch-reactionary judge to the US Supreme Court– giving it a permanent 5-4 hard right-wing majority.

This reactionary form of feminism is also how Donald Trump became US President, to his surprise on November 8, 2016. Today, the #MeToo campaign’s coordination with “Russiagate,” is best personified in Rachael Maddow. I admit, this video below is painful to watch, but it is instructive.

Maddow has lost over 500,000 viewers since this broadcast on March 22, 2019. That was when the Mueller Report was released, exonerating Donald Trump from any charges of “collusion with Russia.” Yet, this MSNBC air-head still holds her longstanding position on “Trump’s ties to the Kremlin.”

Both these campaigns (#MeToo & Russiagate) are linked to censorship of the internet & blacklisting of socialists, which fascists (Republicans/Trump) approve.

ICE raids that violate the human & constitutional rights of those who have immigrated to America are also systematically ignored, as are US foreign wars-of-aggression. There is no longer any hard news coming from Iraq, Afghanistan, Syria, Yemen, etc.

Saudi Crown Prince Mohammed bin Salman ordered a brutal murder & dismemberment of a dissident journalist, Jamal Khashoggi, on October 2, 2018.

Khashoggi even wrote for the Washington Post, but events that shock & horrify the world get buried in the US media, as Saudi oil must keep flowing, and always remain traded in US dollars. Saudi Arabia is the world’s leading oil exporter, and linking crude to the US dollar makes the US-Saudi relationship “special.”

Like Israel, Saudi Arabia can commit any war crime it pleases, short of nuclear war, and not be sanctioned internationally– due to US support. This assistance from Uncle Sam comes militarily, economically & politically. These are the deep state interests, which make up the centrist faction of the Democratic Party.

The Democrats have split themselves with this #MeToo Frankenstein they created. The “progressive” faction of the Democrats are insisting on a woman presidential candidate for 2020– in Elizabeth Warren. The centrists prefer Biden.

In earnest, both factions are fascist, and offer nothing for working people & disenfranchised youth. This ideological battle among powerful Democrats promises to get ugly, in the media and behind-closed-doors. All of this reactionary filth plays into the hands of the Trump team, which is why Marxist analysis is so important.

Another critical issue that is never honestly discussed in the corporate news, is the ongoing financial crisis for ~85% of Americans. The stock & bond markets are booming for the ultra wealthy, but the real economy has stagnated. There are fewer good-paying jobs than ever, despite the great need for qualified workers everywhere.

Ailments of US capitalism include an obesity epidemic, an opioid crisis, and a lack of access to basic health care. Health care is now run by insurance conglomerates, hospital chains & big pharmaceuticals. Privatization & equity capital have gutted work forces in every industry, taking all the profits for themselves in the forms of stock options, buybacks & exorbitant bonuses. Today, per capita, fewer Americans than ever are defined as healthy.

On the macro-economic level, global debt is now $244 trillion. Global GDP in 2016 (latest figure) was $75.4 trillion. Global debt is now over 3 times global GDP, which signals a bankrupt global economy. There is no way this level of global indebtedness can ever be paid off.

Interest rates have been kept ultra-low for ten years now, so there only one direction they can move significantly. When rates rise, the interest payments of this massive mountain of debt will be unpayable. That is why the Fed, US government & big banks had to intervene in late December 2018, with its plunge-protection team which reportedly pumped over $500 billion into the markets to prevent a collapse that had started when the Fed began raising interest rates. The US dollar overnight bank lending rate is now at 2.25-2.5%, and can’t go any higher without precipitating another crisis.

The derivatives market are the best example of this giant Ponzi scheme. Derivatives are bets on future earnings of a tradeable asset. They are used in every industry, with some going 20 years into the future, or more. Most of this estimated $1.2 quadrillion market has made bets that are going to fail, yet are still being counted as assets. This is so traders (and everyone else involved including: bankers, investors & insurers) get their bonuses.

When this derivative market crashes, the world economy will instantly collapse. Such massive amounts of toxic assets can’t be covered by any of the central banks (US, EU, etc.) because they are already leveraged to the hilt. Credit will dry up, and there will be no liquidity. What’s about to happen came to be through 10 years of quantitative easing (QE), which is money printing for the rich, who then speculate in derivatives and stock buybacks to further enrich themselves at the expense of everybody else.

That’s capitalism in it’s death throes, and its contradictions are everywhere. We now have a global economy which is capable of being more productive than ever, but barely moves because: 1) there is no (very little) innovation, and 2) fewer consumers than ever can afford to buy– because of their indebtedness. Only the super-rich & big banks get bailouts and free money to waste

The most recent orgy of speculation has been in cryptocurrency, as Bitcoin trading recently went from ~$3,600 to now over $5,000– for no explainable reason. Bitcoin/crypto is likely the final frontier of bubbles before the next economic crash. Wealthy investors are looking for alternatives to fiat money, which has become devalued through inflation by money printing under QE capitalism.

Bitcoin (and any cryptocurrency) have no legitimate use value, and are massive energy wasters. They are all Ponzi schemes, marketed as the future of global currency, by Libertarian cyber-capitalists who are rabid anti-socialists.

To summarize, QE was the US Federal Reserve buying up toxic (worthless) derivatives, which have now ballooned into a $1.2 quadrillion market– meaning they’re entirely fake, and big enough to crash the global economy.

Instead of a debt jubilee for the indebted masses, which would have stimulated a real economy back in 2008-09, it’s been more easy money for the rich to speculate in fake assets. Our options now are: 1) more of the same, until world war breaks out; or 2) revolutionary socialism.

Today’s world is still shaped by the key social, political & economic world events that occurred around 1990, which were: 1) the Tienanmen Square massacre of June 1989, 2) the fall of the Berlin Wall on November 9, 1989, and most importantly 3) the dissolution of the Soviet Union on December 26, 1991.

These events shook & shocked the world, as new markets were being opened for capitalist exploitation. This is when (& why) Wall Street speculation & US militarism started going really crazy, as they saw an open playing field. In Iraq & Serbia, for instance. The only way we can get out of this mess, is to understand how we got into it.

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Money Talk

“We have a gentleman that likes a very strong dollar at the Fed. I want a strong dollar, but I want a dollar that’s great for our country, not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”   — Donald Trump

President Donald Trump speaks during the annual Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on March 2, 2019.

Donald Trump has no idea what a “strong dollar” means. Trump has always been a privileged bully, who gets to borrow money for nothing and then default, so what does he know about economics?

The US dollar has been diluted by a decade of money printing (QE) for speculators, which has now been made permanent. The Fed & big banks have injected over $500 billion into the stock markets since their swoon in December 2018, which happened as soon as the Fed tried to end QE & raise interest rates.

“Quantitative tightening” has been abandoned, and it’s back to money printing, with sustained near-zero interest rates for the banks. That doesn’t help anyone who works for a living, but it keeps this financial house of cards from collapsing– for a little longer.

The US dollar has been inflated (ie- weakened) by financial parasites, which is why foreign governments are now buying gold, to hedge against the collapse of the greenback. If you are the average person with a few thousand dollars (or less) in the bank, you take comfort in knowing that it isn’t much to lose, when the banks collapse. The US dollar’s purchasing power, in real terms, is less than ever as housing, education, and even food cost more– in term of percentage of wages spent on these essentials.

Things forever changed economically in the early 1970’s for many reasons. US President Richard Nixon & his most-trusted advisor Henry Kissinger took the US off the gold standard in August of 1971. The reason was that the US could no longer afford to be the world bank, reimbursing gold at $35 an ounce. From there the US dollar was floated, and fiat speculation was born. This unbalanced the foundations of the post-war order under Bretton-Woods.

The rise of computers & globalization, along with a loss of economic preeminence by the US, which was reeling from the costs of the Vietnam War, led to the US ruling class launching an offensive against the working class, which has only been escalated up to today. In other countries it’s called “austerity.”

The lessons for working people are that they need to organize for themselves, as government & union “leaders” have sold them out. Governments are committees of the ruling class, which are the bourgeoisie under capitalism. Political independence of organized workers is the only way to redistribute wealth against this fascist current of late-stage capitalism. Liberal reformism is dead, as it died with the hopes & dreams of Barrack Obama.

In America there is now a sociopathic President of the United States, who openly speaks against socialism with lies & threats of violence, and no voice of opposition from the Democrats or the mass media. This only proves that the Democrats, along with MSNBC & CNN, are as much fascist as Trump & his core supporters.

The Democrat version of fascism is identity politics domestically, and anti-Russia (anti-socialism) in foreign policy. Trump is a racist, so he prefers China & Latin America as the main targets of US foreign aggression– diplomatically, covertly, and/or militarily. That’s the actual difference in politics between Republicans & Democrats, which is a fake debate.

There are many financial elites who support Trump on foreign policy, because they see China, with it’s rise as a technological superpower, as the primary threat to US economic hegemony. Russia doesn’t have that technology edge, but is still seen as a threat because of its history.

The Russian Revolution of 1917 was the most defining event of the 20th century, with enduring lessons for the workers of the world. It was led by Lenin & Trotsky, whose Bolshevik party captured the trust of the masses, and organized an insurrection that toppled the hated tsar & it’s feudalist regime.

Instead of moving into capitalism, Lenin & Trotsky galvanized the workers of Russia, who organized a socialist government of workers’ councils. These workers’ councils were called “soviets.” After the October (November) Revolution, Russia became a “government of soviets,” with the Bolsheviks as the majority among the workers.

The imperialists who started the “Great War” (1914-1918) recoiled at these events & reacted with horror. By 1918, “the war to end all wars” was over, but every country turned its military might onto the incipient Soviet government. Trotsky organized & led the Red Army, which ultimately defeated the traitorous “Whites,” and their imperialist backers. By 1923, all foreign troops had been defeated and the revolution was saved, but Russia had been bled white.

When Lenin finally succumbed to a series of strokes in January 1924, a factional political battle raged between Leon Trotsky, the recognized leader (along with Lenin) of the Russian Revolution, and Joseph Stalin. Stalin was better at laying traps, and making ever-shifting alliances behind-the-scenes. This talent at intrigue led Stalin’s bureaucracy to take power, and become the fascist version of socialized property relations.

Socialism never existed in the Union of Soviet Socialist Republics (USSR), because workers never had control over production, and allocation of resources. A Stalinist bureaucracy attached itself to the Revolution, and consumed it from within. Trotsky was defeated politically by an ever-expanding bureaucracy led by Stalin. Trotsky was isolated, exiled, and ultimately murdered by a GPU agent in Mexico City in 1940.

In 1991, the USSR suddenly collapsed, and bourgeois intellectuals of the world were all speechless as to what happened. Trotsky wrote (above) in 1936, that the Soviet Union would either have a workers’ revolution and overthrow the bureaucracy, or it would fall back into capitalism. Trotsky was proven right in the negative. Today, Russians have a much lower standard of living than they did as citizens of the USSR. Bourgeois historians & economists never mention any of these historical facts or lessons.

Stalin advocated for “Socialism in one country,” as opposed to Trotsky’s “Theory of Permanent Revolution.” Trotsky was an internationalist, in the tradition of Karl Marx, who understood at this point of capitalist development (20th century), there could be only global socialism. Any genuine socialist revolution would be permanent in nature. National Socialist is what the Nazi’s called themselves, and Stalin was the communist equivalent to Adolf Hitler under capitalism.

Donald Trump is the US version of Hitler/Stalin, but notice there is no resistance coming from the so-called “left.” Bernie Sanders & Alexandria Ocasio-Cortez have staked out the furthest left position under two-party US capitalism. It consists of unattainable reforms, green rhetoric, and a blind eye to militarism, the expanding police state, and a criminal detention policy for refugees & their children, etc.

The main “progressive” plank of the Democrats today is identity politics, which is #MeToo feminism, Black Lives Matter racialism, and LGBT rights. These identities are used as ideological weapons, to attack artists, socialists & workers who question this system of economic inequality.

The most foul of these has been the #MeToo campaign, which has a Hollywood face, but deep state roots. It’s ideology is to attack those who expose these political & economic terrorists for their crimes. Julian Assange was among the first victims of this internationally-coordinated campaign of sexual intimidation, in the name of imperialism.

Democrats, the deep state, and their supports will only continue to double down on the #MeToo campaign & racialism– as it’s all they’ve got. Each week the New York Times published another expose’ meant to take down an artist in entertainment, etc. Pretty soon there won’t be any good performers left, which means all the movies, television & music will be fake. We’re almost there already.

The Fed will print more fake money, while Trump and his fascist crowd will continue to provoke confrontations globally, exerting “maximum pressure,” in order to create flashpoints for war & crisis. This is the only way they can stay in power, which is what it’s all about.

None of this is in the interest of the workers who earn wages to live. A nuclear winter from a war between India & Pakistan is all it takes to wipe human civilization, and we’ve gotten far too close to that. The recklessness of our “leaders” must be checked with a mass intervention to avoid catastrophe for our planet.

There is no faction among the ruling elites which prefers socialism over world war, therefore they all must go. Revolutions happen in history, and we as a civilization are long overdue. The faster we learn these lessons & organize ourselves, the faster it will happen.

Fri 08 Mar 2019 09:50 AM EST : Keiser Report Update:

Max is correct in that the dollar is being inflated, not burned, by QE & 0% interest rates for big banks & financial speculators. His analogy of a Tomahawk missile for the US government burning money is more correct than Stacy’s. The US economy is war-based, as the military is now considered its primary strength, with the decline of the greenback. The Afghanistan War is now the longest running US war in history, and imperialism has lost again. But there is too much invested in the ideology of war for US elites to admit defeat, therefore the charade goes on for a bit longer…

War & police-state measures with mass censorship are seen as the only option for the ruling class in this late stage of capitalism. A Tomahawk missile built by Raytheon costs $1.4 million each. When it blows up, all its “value” is instantly exploded. By any reasonable measure, the cost of a Tomahawk missile exploding in a home, neighborhood, or business district would be recorded as a net loss for any nation’s economy.

No one ever discusses these actual costs in the “authorized” media. In America, elite Republicans & Democrats manipulate the numbers & facts through the corporate media, to turn reality on its head. Every “issue” & “debate” is fake because of how it’s framed, which is always in the interest of the richest class.

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