Prognosticating Collapse

What’s difficult for most ordinary people to realize is that if they have a few thousand dollars on hand, with no debt of any kind, then they are worth more than any major bank. JP Morgan, Wells Fargo, BOA, et al, are living off never-ending, cheap money from the Fed. Whatever their “stock market value” is, it’s dwarfed by at least 2-3 times that amount in debt– which they can never repay. Hence they are zombies. This situation applies to most household, corporate & all national debt. That is the crux of this impending financial crisis.

These banks, stock markets & hedge fund investors hold extravagant claims to assets that are 99+% worthless. These are all toxic assets that will all go to zero when the next crash hits. It’s called a Ponzi scheme. Central banks all around the world have this same policy, so no nation will be spared. The capitalist system is about to implode upon itself in every epicenter, in a mountain of bad debt fueled by rampant corruption condoned by the entire global establishment.

This isn’t going to be your regular periodic crash, like in 1987, 1998, 2000, or even 2007-08 which was the biggest shock wave since 1929. This next collapse of corruption is going to call into question the viability of the entire capitalist system on Facebook. It’s going to take riot police & military troops to keep hungry workers from their bank savings. The only way a government can stop people from posting on social media is to shut down the internet. That will anger people, for sure.

This show of force will be deemed necessary for “national security,” as the banks are insolvent, so a military-police state will be needed to maintain “law & order.” If you are not among the elite class, then this will be your fate. ATM’s will not give you cash. and the bank deposits will be inaccessible. “How am I supposed to live?” you may ask. The answer is that you aren’t.

This is class war in the death-throes of capitalism. Through the internet & social media, the youth & workers of the world have been exchanging ideas for over a decade, since the crash of 2007-08. These lessons have been learned & absorbed by a great many.

For the masses, it’s about leadership, in terms of having a vision for the future of humanity along with everything else on this planet. Leadership needs to be revolutionary, with a scientific program for equality & peace. Karl Marx gave civilization that program when he published The Communist Manifesto in 1848, a year of revolution in Europe.

Socialism is best expressed in our modern world in the writings of Leon Trotsky, who should be considered the last classical Marxist; and today through the International Committee of the Fourth International, which publishes the World Socialist Web Site. Trotsky founded the 4th International in 1938, two years before he was assassinated by an agent of Stalin, so this party has a long & impressive political history.

Political leadership is groomed by reading the WSWS, and adopting their line. Opportunities for polemics are plenty, but they are in areas of subjectivity such as opinions on art, and analysis of profound new ideas. Predicting future events by using Marxism & its dialectical method is an invaluable form of leadership that must be cultivated among the working masses.

The revolution of the future needs to be leaderless. When great & courageous individuals become elevated to supreme leader of a movement, they can easily be neutralized by any deep state conspiracy. Think Malcolm X, MLK or John Lennon, who were all assassinated. Great leaders of today don’t seek cult followings & celebrity status, they seek to be understood & influential.

Great leaders are the best listeners & observers. They see & hear things others miss, because they make it a point to be aware of their surroundings. This is sound leadership, because it compliments the survival instinct. We can’t continue to be at war with our planet, and expect to survive as a species. Leaders must understand & weigh all positions.

The root idea of socialism is that leadership is shared. This will allow the best in any field to rise to the top, since everyone will have access. This idea is abhorrent to every capitalist, who prefer monopoly, mass slavery, world war & annihilation– to socialism.

This is obviously sociopathic “thinking,” which is why Donald J. Trump is now the US President who has been given unlimited governmental authority to wage war on socialists. That’s what economic inequality, internet censorship, and war on immigrants while inciting neo-Nazi violence is all about– it’s the political strategy of fascists.

The objective of socialists since Trump was handed the US Presidency on November 8, 2016 is to discredit fascism & the deep state– in order to prevent a world war. It’s over three years, and humanity has now been perilously driven to the brink of world war by these madmen & madwomen.

But the truth is there is no mass support for any of these lunatic semi-corpses anymore. They are ready to crumble, and will, as soon as their supply of free money, media monopoly & military obedience finally fails them as a class.

If there is an election this November, Trump will get less votes this time, because he no longer fools so many people. The situation for most is getting worse, while Trump the conman keeps making speeches on how things are better than ever. That’s the way it is for billionaires.

For the Democrats  it’s their primary season, as Iowa is finally two weeks away, with billions already spent on 2020. Among young, left-leaning voters, Tulsi Gabbard was by far the most popular early candidate, especially after she embarrassed #MeToo & BLM party favorite Kamala Harris as shown here.

Gabbard has been a target of Hillary Clinton, who refers to the congresswoman from Hawaii as a “Russian asset” in the media. We’re talking about a left-leaning, CIA Democrat in Tulsi Gabbard. She has been neutralized at this point, fundraising-wise, but now Bernie Sanders has regained the top spot in many Democratic polls. This deeply concerns the Clinton’s, Barack Obama, John Kerry, and the rest of the deep state.

At this point, any expression of any impulse to the left is dealt with hysterically through the corporate media. Denunciations, censorship & blacklisting are the methods. Hence the term “fake news,” which didn’t exist ten years ago, but is understood by everyone with a functioning brain today.

Serious political discussions need to be ongoing for as long as possible, with the realization that the deep state may eventually block internet access to the masses. This coordinated shutdown of essential services has been rehearsed over & over during “natural disasters” such as earthquakes, hurricanes, floods & fires.

The ruling establishment has its hands on all the levers of power, and a playbook from which it never veers. This makes them powerful, but predicable. When you know what the ultra-rich will do in every crisis, then you can be ready with a revolutionary strategy to defeat them. It’s up to the yearning masses to consider all this, and be ready to act when the time comes.

The #1 rule in bourgeois politics is: no socialism. Only Trump is allowed to say that, because he’s a fascist, which is acceptable. Democrats prefer to hide that primary motto, under the guise of pseudo-politics such as feminism & black racialism, which support elite members of those demographics, under the tired lies of class discrimination & social inequality.

Both parties double-down on their reactionary ideologies, because they have no other choice. As the absurdity of their policies became more apparent, their social support erodes even further. Kids don’t believe in politicians anymore, like they used to. There’s too much information, and access to it, which proves them liars. Millennials are smart like that.

Conclusion: These are the outlines of the coming social revolution. The wildfires in Australia and everywhere else will never be contained under capitalism, and that is now apparent on a mass scale. Humanity has reached it’s tipping point, where business-as-usual is about to come to an end. There is too much want & awareness, combined with too much excess & hypocrisy, for things to continue as before.

The deep state can’t behead 21st-century socialist leadership, because it’s now grown to a point where so many advanced workers & youth have become learned & class-conscious that leadership will be able to nurture & replenish itself from within. Socialized leadership for permanent revolution.

Julian Assange is an example of this process, as he sits in Belsmarsh prison outside of London, awaiting a rigged extradition trial. Assange is a courageous whistle-blowing journalist who has been kidnapped & tortured by the US & UK governments & deep states. But even if he dies in prison, WikiLeaks will live on. The point is to get Julian Assange out alive, which protects ALL journalists & whistle-blowers.

The coming Julian Assange trial portends this revolution. While the courts of law are rigged, the court of public opinion is squarely behind Assange & freedom of the press. This up-coming show trial could be the spark that ignites this coming socialist revolution. The ruling establishments fear this, while revolutionaries are preparing for it.

The reason capitalism must collapse and be revolutionized into socialism is because it’s an idea whose time has come. There is no amount of fake media, authoritative coercion & physical violence that can stop an idea whose time has come. That is a fundamental truth of socialism.

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Defining Terms

Bourgeois politics can be confusing, for sure. So here’s a handy Marxist working dictionary of what you need to know when everything crashes.

“Modern Monetary Theory” is unlimited money for the rich, dressed up in post-modernist gobble-de-gook. In short, it’s monopoly capitalism. Capitalism is how a billionaire class can develop, by extracting all the wealth of labor from the workers, and congealing it into money. Marxism is a scientific approach to political economy, with the intent of educating & uniting the global working class in revolution, to overthrow capitalism & establish socialism. Socialism is defined as social equality for all– globally & permanently.

When philistine haters attempt to slander socialism, they usually equate it with Stalinism, which is bureaucratic rule over a state-planned economy. Russian workers & peasants in the army, led by the Bolsheviks of Lenin & Trotsky, overthrew the Tsar & reformists in 1917, and state planning was then implemented. When Lenin eventually died from ill health, due to gunshot wounds he received in an assassination attempt by a liberal party loyalist, there was an ideological struggle for power between Trotsky & Stalin.

Stalin was an unexceptional old Bolshevik bureaucrat, who was kept in the background during the October Revolution because of his centrist tendencies which were correctly considered counter-revolutionary by Lenin & Trotsky. After Lenin’s debilitating strokes, and then final death in January 1924, Stalin stepped forward and defined his theory of “socialism in one country” to attack Trotsky and usurp power for himself, which he eventually did as Trotsky was exiled by 1929.

Stalin played the political game well, and laid many traps for his friends & enemies, eventually liquidating them all. Trotsky himself was one of the last old Bolsheviks to be murdered by Stalin’s agents, in August, 1940 in Mexico City, just as World War II broke out. Trotsky fought mostly with his pen, which is why he remains so powerful a figure in modern politics. Trotskyism is the only genuine expression of revolutionary socialism in the world today, represented by the ICFI and their publishing organ, the World Socialist Web Site.

Stalinism and all of its crimes are directly comparable to Adolf Hitler and his National Socialist party, better known as the Nazis. Nationalism & socialism are diametric opposites in politics. That’s because genuine socialism (Trotskyism) is international in perspective. Nationalism is about racism, religious chauvinism & patriotism, which define they worst instincts of humanity in their ignorance, selfishness & lack of democratic input.

Diametric & dialectic are similar words. The latter is the philosophy of Marxism, which replaces religion and all other forms of mysticism, with the science of opposites & revolution known as dialectics. When water freezes or turns to steam, there are qualitative shifts in the properties of water. What happens to water at 0 & 100 Celsius, is unlike anything in-between or beyond those temperatures. That’s a clear metaphor for dialectics, in that you have to stop thinking linearly and more dialectically, in times of revolutionary flux in order to understand what is happening.

When an army of millions of peasants led by a political opportunist, overthrows an ancient regime after a Second World War, and takes state power into it’s hands, that is called Maoism. When a band of peasants & guerrillas take state power into their hands in a banana republic, because it falls to them, that is called Castroism. When an anarchist leader proclaims, “Power comes from a gun barrel,” and then dies isolated in a third-world jungle, that is called Guevaraism.

The collapse of the Soviet Union from 1989-91 profoundly influenced US militarists, who saw it as an opportunity to reconquer the world. These are the bureaucrats, profiteers & warheads who planned 9/11, and engineered the bank bailouts after the financial crash of 2007-08. This is what is known as the deep state.

Our biggest political problem is the deep state, which is not acknowledged. “Thank God for the deep state” said ex-CIA Director John McLaughlin, to resounding audience approval on October 31, 2019. Up until then, “deep state” was another nutty conspiracy theory, pushed by kooks online such as yours truly. Now it’s vindicated, but still not discussed, except in the most general & glowingly patriotic terms.

The deep state is defined as any powerful institution which no one elects and holds power over US political economy. Every nation has a deep state these days. This institution acts independently of public oversight & democratic input. The Federal Reserve banking system is part of the deep state. So is the CIA, and the rest of the military-police apparatus. They will always lie & slander to hide their own guilt, and will never give up power peacefully. The deep state is the root of all evil under capitalism, and it must be dealt with decisively.

“Quantitative easing,” negative interest rates for big banks, and now the “repo market” intervention by the Fed & Treasury, are injections of newly printed money which has no backing, but is desperately needed to keep this “zombie economy” going. Zombie companies are defined as publicly traded corporations that can’t even pay the interest on their debt– which is massive & unpayable. At least 20% of DJIA & NASDAQ listings are zombies. This endless supply of free money keeps the stock market going up & up to new all-time highs, from which it will eventually crash.

Government is defined as a committee of the ruling class, so if you want social justice, then don’t look towards the two-party system bureaucrats for solutions. They put us in this mess in the first place. The solution in politics is so far beyond reform, that it makes Bernie Sanders look so much like the old windbag he actually is. Liberalism is dead, as it died with Barack Obama and all his vague promises of hope & change back in 2008. Then Hillary Clinton came out stillborn 2016, and the working masses got Russiagate & the #MeToo campaign in retribution for Donald Trump winning the Electoral College.

Journalists are defined as people who report the events of the world. The best ones do it honestly & with deep insight. Julian Assange is a journalist. People who persecute journalists for revealing the truth are fascists. Fascism comes in many forms, through the thuggish brutality personified by Donald Trump, or from the deep state, hidden spook, censorship version– agreed to by all the rest in the US two-party set-up. These are the “adults in the room” we are told by authoritative fake news sources.

Fake news is defined as CNN, MSNBC, Fox, Breitbart, ABC, CBS, NBC, et al. They are all owned by multi-national corporations, who push a pro-capitalist agenda in their interest. Social media including Facebook, Twitter, Google & YouTube is revolutionary in that everyone can now participate, but realize that it has also been tied into the deep state, which manipulates what you see, while selling your content to others without your knowledge. That’s called stealing, creeping, and abusing power. These entities will all become public utilities under socialism, with democratic control by users, which allows for maximum participation & innovation.

“Two-party strait-jacket” means Democrats & Republicans are two sides of the same coin– domestically & in foreign policy. They can’t exist without the other, and therefore are all in it together. Their mission in Washington is to enslave the working class, and rule the world through intimidation & military supremacy. This is pathological madness personified in capitalist politics.

Madness is defined as repeating the same mistakes over & over again, and expecting better results. This is the conundrum which no Ivory Tower, ideological apologist can solve or hide, no matter how eloquent they are in post-modernist sophistry. Capitalism is bankrupt, and must be overthrow dialectically, through the international working masses uniting under the banner of socialist revolution in permanence.

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The Quadrillion Dollar Question

Money printing by every central bank in the world has now ballooned stock, bond, derivatives & real estate markets to record highs, which has been a bonanza for those wealthy enough own these assets. The problem for them is that most of these “assets” are worthless, measured in the hundreds of trillions of dollars globally, and widely conceded to total over a quadrillion US dollars in fake value. No one really knows the amount, because little-to-no data is published or made publicly available, as economic policies that affect everybody & everything are discussed, agreed upon & implemented behind closed doors & kept secret.

In official politics, everything is kept classified in the interest of national insecurity. In establishment economics, an undercurrent of paranoia is now running rampant through every market, as anyone with their eyes open can see what’s about to happen to the global economy. Deutsche Bank just unloaded €50bn in worthless derivatives known as long-dated interest rate swaps onto the taxpayers, who are the lender of last resort for a bank considered “too big to fail.” This event has to be kept quiet on MSM, because this could be the next Lehman Brothers collapse which triggers financial Armageddon.

No government has the ammunition to hold off this inevitable crash much longer, much less handle it when it arrives. Money printing for the rich will eventually manifest into hyper-inflation of currency for all. Meanwhile on every inhabited continent, austerity & corporate tax cuts have wiped out national tax bases– the primary source of all government revenue. The other bullet which has been spent is interest rates, which can’t go much lower and in many countries is negative– so that can no longer be used as a palliative. Hence militarization, nationalism, and the drive to war led by the US.

What this means is that the next financial crash will create a revolutionary situation globally, due to the bankruptcy of every central bank & government, who have exhausted their limits on bad debt & interest rate cuts. But the corporate banks, hedge fund firms, brokerage houses, etc, have so much more junk they need to unload! This is the conundrum these parasitic financial criminals are now facing, and when it all breaks down, “Who will pay the piper?” becomes the quadrillion dollar question.

Crypto vs Gold: Part X

Consider this. If cryptocurrency became backed by gold, it would collapse every fiat currency– which are all debt-ridden by money printing & austerity. But here’s the virtual rub. Where can the owners of cryptocurrency store their gold while remaining anonymous? That is the unsolvable paradox of cryptocurrency.

Eventually the governments of the world will use their police, intelligence & military apparatus to find & seize that gold. The deep state of any nation also controls the electrical grid & internet– which means bitcoin becomes unusable under such political conditions. This is no longer hypothetical, as there have been multiple electrical blackouts across South America recently, either due to decaying infrastructure or malware attacks by the US deep state.

It was Venezuela a few months back, as part of the failed US-instigated coup attempt to overthrow Nicolás Maduro and install its puppet Juan Guaidó as president. Last weekend it was announced that Russia’s grid had been attacked by US military-intelligence. This proud US government provocation of war against Russia was barely noted or commented upon in the fake news media.

What is to become of the digital energy waster known as crypto-currency when the working masses & youth of the world unite under the banner of international socialism and march on the centers of power in every nation? After an international workers’ revolution, bitcoin & all other forms of crypto-currency will no longer be allowed to contribute to global warming. Humanity needs solutions which don’t cause greater problems, as is allowed under capitalism.

There is more than enough wealth being produced to provide for everyone’s needs while making reparations to our planet and all its inhabitants. This makes the need for money superfluous in a socialist society, but not under capitalism which is leading humanity towards disaster.

Every day Donald Trump, Mike Pompeo, John Bolton, and there rest of that fascist White House cabal are in power, the greater the threat of thermo-nuclear incineration to our planet. It is really sick that things get pushed this close to the edge of extinction by delusional & psychotic tendencies. But that’s “maximum pressure” under capitalism, and it’s how the rich & powerful maintain their privileges in a rigged game.

Those of us who have been socialists for a long time, know that we are the most suppressed, censored & blacklisted political tendency. Trotskyism of the Fourth International is real socialism, and we are always the first targets of the corporate censors & deep state sponsored fascism. Fake media of every variant always portray Trotskyism as “left-wing extremism,” and brand them as “terrorist,” but not officially because they are blacklisted– which means they aren’t acknowledged. This combines the murky world of US intelligence with the anti-socialist ideology of the ruling class.

Notice that no mainstream media ever covers the World Socialist Web Site, the modern daily organ of Trotskyism. Any attempts by “leftists” to politicize the WSWS become silly & hateful, as these fake intellectuals never approach anything from a historical or materialist perspective. Everything from pseudo-intellectual liberals is thinly-veiled class interest wrapped up in the irrationality of post-modernism– where all is subjective & anything goes. What remains of liberalism is comparable (as a class) to a degenerative disorder, incapable of controlling itself and getting worse by the day.

The fake left lose the battle of rationality & facts against the Trotskyists every time. Trotskyists are always strictly censored under capitalism & Stalinism, because we are recognized as their most formidable & intractable enemy. Capitalism & Stalinism (socialism in one country) have the same common goal: to subordinate their nation’s working masses to obey & carry out ruling class directives.

Trotskyists are the only political tendency that seeks to unite workers & youth internationally under the banner of revolutionary socialism. This must be achieved to avert an all-destructive Third World War. Capitalism keeps doubling down on its failures, which is only leading to more catastrophes. There is no tendency in mainstream media or official politics that opposes this suicidal trajectory for human civilization. Political power must be removed from these criminal ruling classes of all nations.

Julian Assange & Chelsea Manning must be set free and protected by the workers & youth of the world, against these ruthless & tyrannical global networks of US-UK sponsored terrorists. Julian Assange & Chelsea Manning are courageous heroes for what they have done, and for the political stance they maintain– by not capitulating to US deep state coercion, suppression & criminality. Their fate is humanity’s fate. It’s up to those who are conscious and willing to fight for equality & democratic rights to unite for the purpose of freeing them, and revering those who reveal hard truths & ask important questions.

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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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