Category Archives: America

The Act of 1871: The “United States” Is a Corporation – There are Two Constitutions

Since the Act of 1871 which established the District of Columbia, we have been living under the UNITED STATES CORPORATION which is owned by certain international bankers and aristocracy of Europe and Britain.

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Washington DC Flag

In 1871 the Congress changed the name of the original Constitution by changing ONE WORD — and that was very significant as you will read.

Some people do not understand that ONE WORD or TWO WORDS difference in any “legal” document DO make the critical difference. But, Congress has known, and does know, this.

1871, February 21: Congress Passes an Act to Provide a Government for the District of Columbia, also known as the Act of 1871.

With no constitutional authority to do so, Congress creates a separate form of government for the District of Columbia, a ten mile square parcel of land (see, Acts of the Forty-first Congress,” Section 34, Session III, chapters 61 and 62).

The act — passed when the country was weakened and financially depleted in the aftermath of the Civil War — was a strategic move by foreign interests (international bankers) who were intent upon gaining a stranglehold on the coffers and neck of America.

Congress cut a deal with the international bankers (specifically Rothschilds of London) to incur a DEBT to said bankers. Because the bankers were not about to lend money to a floundering nation without serious stipulations, they devised a way to get their foot in the door of the United States.

The Act of 1871 formed a corporation called THE UNITED STATES. The corporation, OWNED by foreign interests, moved in and shoved the original Constitution into a dustbin. With the Act of 1871, the organic Constitution was defaced — in effect vandalized and sabotage — when the title was capitalized and the word “for” was changed to “of” in the title.

THE CONSTITUTION OF THE UNITED STATES OF AMERICA is the constitution of the incorporated UNITED STATES OF AMERICA.

It operates in an economic capacity and has been used to fool the People into thinking it governs the Republic. It does is not!

Capitalization is NOT insignificant when one is referring to a legal document. This seemingly “minor” alteration has had a major impact on every subsequent generation of Americans.

What Congress did by passing the Act of 1871 was create an entirely new document, a constitution for the government of the District of Columbia, an INCORPORATED government. This newly altered Constitution was not intended to benefit the Republic. It benefits only the corporation of the UNITED STATES OF AMERICA and operates entirely outside the original (organic) Constitution.

Instead of having absolute and unalienable rights guaranteed under the organic Constitution, we the people now have “relative” rights or privileges. One example is the Sovereign’s right to travel, which has now been transformed (under corporate government policy) into a “privilege” that requires citizens to be licensed.

By passing the Act of 1871, Congress committed TREASON against the People who were Sovereign under the grants and decrees of the Declaration of Independence and the organic Constitution.

The Act of 1871 became the FOUNDATION of all the treason since committed by government officials.


Three City States rule the world

Free book: Conspiracy in Philadelphia – Gary North

Source: Federal Jack

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Billionaire Club’s Fear Of The Next Downturn Is Likely Understated

Eddie, Iron Maiden

“What scares me the most longer term is that we have limitations to monetary policy — which is our most valuable tool — at the same time we have greater political and social antagonism.” –Ray Dalio, Bridgewater Associates

Dalio made the remarks in a panel discussion at the World Economic Forum’s annual meeting in Davos on Tuesday where he reiterated that a limited monetary policy toolbox, rising populist pressures and other issues, including rising global trade tensions, are similar to the backdrop present in the latter part of the Great Depression in the late 1930s.

Before you dismiss Dalio’s view, Bridgewater’s Pure Alpha Strategy Fund posted a gain of 14.6% in 2018, while the average hedge fund dropped 6.7% in 2018 and the S&P 500 lost 4.4%.

The comments come at a time when a brief market correction has turned monetary and fiscal policy concerns on a dime. As noted by Michael Lebowitz yesterday afternoon at RIA PRO

“In our opinion, the Fed’s new warm and cuddly tone is all about supporting the stock market. The market fell nearly 20% from record highs in the fourth quarter and fear set in. There is no doubt President Trump’s tweets along with strong advisement from the shareholders of the Fed, the large banks, certainly played an influential role in persuading Powell to pivot.

Speaking on CNBC shortly after the Powell press conference, James Grant stated the current situation well.

“Jerome Powell is a prisoner of the institutions and the history that he has inherited. Among this inheritance is a $4 trillion balance sheet under which the Fed has $39 billon of capital representing 100-to-1 leverage. That’s a symptom of the overstretched state of our debts and the dollar as an institution.”

As Mike correctly notes, all it took for Jerome Powell to completely abandon any facsimile of “independence” was a rough December, pressure from Wall Street’s member banks, and a disgruntled White House to completely flip their thinking.

In other words, the Federal Reserve is now the “market’s bitch.”

However, while the markets are celebrating the very clear confirmation that the “Fed Put” is alive and well, it should be remembered these “emergency measures” are coming at a time when we are told the economy is booming.

“We’re the hottest economy in the world. Trillions of dollars are flowing here and building new plants and equipment. Almost every other data point suggests, that the economy is very strong. We will beat 3% economic growth in the fourth quarter when the Commerce Department reopens. 

We are seeing very strong chain sales. We don’t get the retail sales report right now and we see very strong manufacturing production. And in particular, this is my favorite with our corporate tax cuts and deregulation, we’re seeing a seven-month run-up of the production of business equipment, which is, you know, one way of saying business investment, which is another way of saying the kind of competitive business boom we expected to happen is happening.” – Larry Kudlow, Jan 24, 2019.

Of course, the reality is that while he is certainly “spinning the yarn” for the media, the Fed is likely more concerned about “reality” which, as the data through the end of December shows, the U.S. economy is beginning to slow.

“As shown, over the last six months, the decline in the LEI has actually been sharper than originally anticipated. Importantly, there is a strong historical correlation between the 6-month rate of change in the LEI and the EOCI index. As shown, the downturn in the LEI predicted the current economic weakness and suggests the data is likely to continue to weaken in the months ahead.”

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Limited Monetary Tool Box

As Dalio noted, one of the biggest issues facing global Central Banks is the ongoing effectiveness of “Quantitative Easing” programs. As previously discussed:

“Of course, after a decade of Central Bank interventions, it has become a commonly held belief the Fed will quickly jump in to forestall a market decline at every turn. While such may have indeed been the case previously, the problem for the Fed is their ability to ‘bail out’ markets in the event of a ‘credit-related’ crisis.”

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“In 2008, when the Fed launched into their “accommodative policy” emergency strategy to bail out the financial markets, the Fed’s balance sheet was only about $915 Billion. The Fed Funds rate was at 4.2%.

If the market fell into a recession tomorrow, the Fed would be starting with roughly a $4 Trillion dollar balance sheet with interest rates 2% lower than they were in 2009. In other words, the ability of the Fed to ‘bail out’ the markets today, is much more limited than it was in 2008.”

But it isn’t just the issue of the Fed’s limited toolbox, but the combination of other issues, outside of those noted by Dalio, which have the ability to spur a much larger.

The nonprofit National Institute on Retirement Security released a study in March stating that nearly 40 million working-age households (about 45 percent of the U.S. total) have no retirement savings at all. And those that do have retirement savings don’t have enough. As I discussed recently, the Federal Reserve’s 2016 Survey of consumer finances found that the mean holdings for the bottom 80% of families with holdings was only $199,750.

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Such levels of financial “savings” are hardly sufficient to support individuals through retirement. This is particularly the case as life expectancy has grown, and healthcare costs skyrocket in the latter stages of life due historically high levels of obesity and poor physical health. The lack of financial stability will ultimately shift almost entirely onto the already grossly underfunded welfare system.

However, as for those with financial assets heading into retirement, after two major bear markets since the turn of the century, weak employment and wage growth, and an inability to expand debt levels, the majority of American families are financially barren. Here are some recent statistics:

  1. 78 million Americans are participating in the “gig economy” because full-time jobs just don’t pay enough to make ends meet these days.
  2. In 2011, the average home price was 3.56 times the average yearly salary in the United States. But by the time 2017 was finished, the average home price was 4.73 times the average yearly salary in the United States.
  3. In 1980, the average American worker’s debt was 1.96 times larger than his or her monthly salary. Today, that number has ballooned to 5.00.
  4. In the United States today, 66 percent of all jobs pay less than 20 dollars an hour.
  5. 102 million working age Americans do not have a job right now.  That number is higher than it was at any point during the last recession.
  6. Earnings for low-skill jobs have stayed very flat for the last 40 years.
  7. Americans have been spending more money than they make for 28 months in a row.
  8. In the United States today, the average young adult with student loan debt has a negative net worth.
  9. At this point, the average American household is nearly $140,000 in debt.
  10. Poverty rates in U.S. suburbs “have increased by 50 percent since 1990”.
  11. Almost 51 million U.S. households “can’t afford basics like rent and food”.
  12. The bottom 40 percent of all U.S. households bring home just 11.4 percent of all income.
  13. According to the Federal Reserve, 4 out of 10 Americans do not have enough money to cover an unexpected $400 expense without borrowing the money or selling something they own. 
  14. 22 percent of all Americans cannot pay all of their bills in a typical month.
  15. Today, U.S. households are collectively 13.15 trillion dollars in debt.  That is a new all-time record.

Here’s the problem with all of this.

Despite Central Bank’s best efforts globally to stoke economic growth by pushing asset prices higher, the effect is nearly entirely mitigated when only a very small percentage of the population actually benefit from rising asset prices. The problem for the Federal Reserve is in an economy that is roughly 70% based on consumption, when the vast majority of American’s are living paycheck-to-paycheck, the aggregate end demand is not sufficient to push economic growth higher.

While monetary policies increased the wealth of those that already have wealth, the Fed has been misguided in believing that the “trickle down” effect would be enough to stimulate the entire economy. It hasn’t. The sad reality is that these policies have only acted as a transfer of wealth from the middle class to the wealthy and created one of the largest “wealth gaps” in human history.

The real problem for the economy, wage growth and the future of the economy is clearly seen in the employment-to-population ratio of 16-54-year-olds. This is the group that SHOULD be working and saving for their retirement years.

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The current economic expansion is already set to become the longest post-WWII expansion on record. Of course, that expansion was supported by repeated artificial interventions rather than stable organic economic growth. As noted, while the financial markets have soared higher in recent years, it has bypassed a large portion of Americans NOT because they were afraid to invest, but because they have NO CAPITAL to invest with.

To Dalio’s point, the real crisis will come during the next economic recession.

While the decline in asset prices, which are normally associated with recessions, will have the majority of its impact at the upper end of the income scale, it will be the job losses through the economy that will further damage and already ill-equipped population in their prime saving and retirement years.

Furthermore, the already grossly underfunded pension system will implode.

An April 2016 Moody’s analysis pegged the total 75-year unfunded liability for all state and local pension plans at $3.5 trillion. That’s the amount not covered by current fund assets, future expected contributions, and investment returns at assumed rates ranging from 3.7% to 4.1%. Another calculation from the American Enterprise Institute comes up with $5.2 trillion, presuming that long-term bond yields average 2.6%.

The massive amount of corporate debt, when it begins to default, will trigger further strains on the financial and credit systems of the economy.

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Dalio’s View Is Likely Understated. 

The real crisis comes when there is a “run on pensions.” With a large number of pensioners already eligible for their pension, the next decline in the markets will likely spur the “fear” that benefits will be lost entirely. The combined run on the system, which is grossly underfunded, at a time when asset prices are dropping will cause a debacle of mass proportions. It will require a massive government bailout to resolve it.

But it doesn’t end there. Consumers are once again heavily leveraged with sub-prime auto loans, mortgages, and student debt. When the recession hits, the reduction in employment will further damage what remains of personal savings and consumption ability. The downturn will increase the strain on an already burdened government welfare system as an insufficient number of individuals paying into the scheme is being absorbed by a swelling pool of aging baby-boomers now forced to draw on it. Yes, more Government funding will be required to solve that problem as well. 

As debts and deficits swell in the coming years, the negative impact to economic growth will continue. At some point, there will be a realization of the real crisis. It isn’t a crash in the financial markets that is the real problem, but the ongoing structural shift in the economy that is depressing the living standards of the average American family. There has indeed been a redistribution of wealth in America since the turn of the century. Unfortunately, it has been in the wrong direction as the U.S. has created its own class of royalty and serfdom.

The issue for future politicians won’t be the “breadlines” of the 30’s, but rather the number of individuals collecting benefit checks and the dilemma of how to pay for it all.

The good news, if you want to call it that, is that the next “crisis,” will be the “great reset” which will also make it the “last crisis.”

Eddie, Iron Maiden

Source: ZeroHedge

Authored by Lance Roberts via RealInvestmentAdvice.com,

Naked Money Grabs

The Unprofitably Incompetent, by Robert Gore

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Those who can’t do, demand.

Profit propels civilization. When a producer can make an item or provide a service at a cost lower than a customer values that item or service, and the customer has the means and the freedom to buy, the difference between what’s paid over cost is profit. That profit is the producer’s incentive to produce, and in turn funds the producer’s consumption, savings, and investment, which creates other producers’ profits. Profit is the necessary prerequisite for consumption, savings, investment, and consequently, progress.

Many of us profit every day. We offer services and provide goods, supporting ourselves at a cost that is lower than what we’re paid. We’re profitably competent, engaging in honest production and peaceful, voluntary exchange. The only alternatives to profitable competence are living off of someone else’s profitable competency via inheritance or charity, or criminality—theft via fraud or violence.

Criminals cloak their thefts in all sorts of justifications, some of which, like socialism, become full-blown political doctrines. Ironically, a larcenous litany of demands and rationalizations are efflorescing at a time when whatever is left of the overall profit pool has been drained. It has been mortgaged multiple times, just as hordes of the unprofitably incompetent, who had no hand in producing it, clamor for their “fair share.” They’ll insist the profitably competent figure out how to pay for it, but the fair share of nothing is nothing, political promises to the contrary notwithstanding.

“Your means, my ends; I wish, you fulfill,” is the foundational fantasy of modern governance. The favored groups shelter in their safe spaces—government and its rackets, crony corporations, academia, the media, and Hollywood—living on the delusion that there will always be someone who will produce, without question or protest, for their benefit. Upon that foundation they’ve constructed a phantasmagorical edifice of illusory constructs and passages to nowhere.

As the foundational fantasy totters, the fantasies it supports become more fantastical. The profit pool exhausted, you would think everything possible would be done to succor the profitably competent who are supposed to replenish it. Instead, that illustrious group is demonized at every turn, and the demands on them become ever more absurd. They are guilty because they’re productive, and must expiate their guilt by producing for the unproductive, whose incompetence makes them morally superior.

The most “toxic” trait often associated with masculinity may be competence. It’s not exclusively masculine, but whether its possessors are male or female it has certainly become toxic, depriving them of any right to what they produce and any right to criticize those who steal it from them. Twits who can’t replace a light bulb demand free schooling and medical care, guaranteed jobs and incomes, trips to Mars, and who knows what else. Those who are to fund it all are to cheerfully regard doing so as a privilege.

The notion of reparations won’t die. Anyone with money (the only people who can pay) supposedly owe the descendants of various victim classes reparations for the supposed sins of their ancestors. To hold individuals guilty of crimes they couldn’t have committed is a moral obscenity. The demands for retribution are simply another naked money grab.

The rhetoric grows increasingly hateful. The slave class can be openly disparaged, denigrated, and deplored based on their race, gender, geographic location, religion, politics, the way they smile at a Native American, or any other characteristic the masters don’t like. But woe to the slaves who utter anything the tyrannical cult deems offensive or incorrect. Transgressors are put through social media hell, ostracized, ruined, and coming soon, incarcerated.

If you’ve found your safe space and you’re incapable of producing marketable value that exceeds its cost of production, you’re dependent on the profitably competent, but their very existence is a constant reproach, a reminder of your own inadequacy. So where gratitude would be appropriate, you instead hate, mock, and abuse your meal tickets. This isn’t PhD in psychology material—spoiled children have been abusing their parents for centuries. Interestingly—at least for psychology PhDs—the dependent get more abusive as they get more dependent.

Their safe spaces require little or nothing in the way of competency. They have become havens for personal predilections and peccadilloes that were once socially unacceptable, virtually free from any standards of comportment or dress, and citadels of venomous, self-serving ideologies.

One month into the partial shutdown of the largest safe space, it’s obvious that not only has the sky not fallen, but unsurprisingly, America is doing just fine without those 800,000 furloughed workers that even the government considers nonessential. Which elicits the question: What were they doing when they were on the job?

“Not much” is not necessarily the right answer. The 100,000 plus pages of the Federal Register and the tax code suggest that they’ve been spending a lot of time gumming up the works for and extracting money from the profitably competent many of them despise. The furlough may accomplish the first step of breaking America’s addiction to government: realizing that most of it is not only useless, but harmful. We’ll see if it leads to the next steps: getting rid of personnel, programs, agencies, and entire departments, and changing policy accordingly (we can dream). If things change in that direction, expect the denizens of what are no longer safe spaces to become increasingly vitriolic.

You can’t reach a point where dependents openly denigrate those who support them without the latter’s tacit or explicit consent. Parents who spoil their children and endure the brats’ abuse get what they deserve. Ayn Rand had it right. The people who make America go could bring it to a shuddering stop simply by stockpiling their resources and walking off their jobs for a month or two. An added turn of the screw would be withdrawing their funds from the banking system (see “The Yellow Vests Get it Right,” SLL).

It’s time to stop funding the abusers, time to stop excusing them with “they mean well, but…”, time to reject their claims to moral superiority, time to stop building safe space sanctuaries, time to stop apologizing for profitable competence, and time to recognize its moral value and reclaim the right to its profits. If it takes a strike to hurl the brats into the maw of their own incompetence and upend the tyrannical cult, so be it. The biggest crime hasn’t been that of the brats and the cult, it’s been the failure of those who haven’t defended what’s rightfully theirs.

Source: by Robert Gore | Straight Line Logic

Of Lattes & Lo Mein: The South is Headed to Another Yankee War

The growth of the power of Athens, and the alarm which this inspired in Sparta, made war inevitable.

-Thucydides, History of the Peloponnesian War

 

The world is racing toward war.  The reasons have nothing to do with trade.  This is not about cultures colliding.  This is about power, and the American South is about to be at the forefront of that struggle.

On one side there is China, an ancient empire that has reemerged over the past three decades.  It seeks to reclaim its historical domination over Pacific affairs that it held until about the early 16th century when the Asian empire went into relative obscurity and decline.  For millennia, China has occasionally found itself subservient to a long list of newcomers, only to eventually overcome them through sheer force.  The Mongols, the Japanese, the Russians, and now, the Americans.

On the other side is the United States, a modern empire that has dominated global affairs for a century.  Despite its ebbs and flows, American cultural dominance has been the glue that ensured its preeminence.  Americans do not conquer with tanks and bullets; they punish with tanks and bullets.  Americans conquer with Barbie dolls, McDonald’s, and media programming that sells “Americana.”

No one lives in a vacuum and that includes the South.

In fact, of any region in the world’s most dominant empire since her British for bearer, the American South should be more cognizant of global affairs than any other region, not less so.  That is because the South is America’s modern Sparta.  Of any given region, the South produces the majority of the very troops used to subjugate people around the world.  Identity Dixie has explored this topic before.  While modern Yankee boys are taught to cross their legs at Starbucks and sip soy lattes like good little genderless f—gots, Southern boys are being taught how to kill – from hunting season to hunting season, until they arrive to boot camp. 

The North produces prey who lack manners; the South produces genteel predators. 

Consequently, as the war drums begin to beat stronger between the United States and China, who do you think will be tasked with fighting that war?  The answer is almost codified in the distinctions of the regions and through general military recruitment goals.  The Southern boy, of course.

But, what are the chances of an actual war between the US and China?  Based on my vast experience and education in foreign policy, the chances are highly likely.  War is coming.

The reasons for war between the two powers are numerous. 

The seeds of our trade imbalance with China began with the former President George H. W. Bush.  He single handedly ensured that the US would eventually shift production to that massive block of unskilled, cheap laborers.  But, Bill Clinton really led the effort in 2000, with Republican Congressional support, way back when Labor Union Democrats hated the idea of outsourcing jobs to cheap manufacturers.  Of course, now Labor Union Democrats love the idea of outsourcing jobs to China, as evidenced by their animus toward Donald Trump – the only president in three decades to push back against the Communist Chinese.  Regardless, both Republicans and Democrats have eagerly surrendered economic hegemony to the Communist Chinese.  Some, like the Clintons, required extensive bribes to sell out their country.  Others did it for free.  Bush II gave China Permanent Normal Trade Relations with the US on 27 December 2001 for no discernible reason, even after they had downed a US reconnaissance aircraft earlier that same year. Evidently, no big deal.

Nearly every decision of the American Empire related to China since 1989 has served to harm the economic interests of the Southern working class, man or woman.  How about military decisions?  It is even worse.

The decisions of the Empire over the past three decades, as it pertains to Communist China, seem purposely designed to get a lot of Southern boys killed and lose a war.

First, the military aggression of the Communist Chinese has recently gotten more pronounced.  The Communists now control twenty-seven islands – some man-made – in the South and East China Seas.  They unilaterally stole islands from Vietnam and the Philippines.  These islands are now fitted with missile systems capable of destroying a US warship from as far away as Guam.  Consequently, Communist Chinese aggression denies the freedom of navigation that the American Navy and commerce has supported since Alfred Thayer Mahan and the turn of the 19th and 20th centuries.  Worse, not only did the Obama Administration sit by and watch the Chinese take over critical Asian sea lines of communication, Obama cut the ability to defend against the missiles now on the islands he watched them build.  Compounding the ability to defend against their missiles, the Chinese have known what is in our missiles for the past two decades.  Bill Clinton made that possible when he sold the technical details to the Communist Chinese in 1998.  Whereas George W. Bush seemed to take a much harder line on Communist China militarily, the relations behind the scenes depict a much friendlier approach toward Chinese military aggression

Enter Trump.

For whatever the reason, Trump did a one-hundred-eighty degree turn on American relations with China.  Unlike Obama, who called the Communists a “strategic partner” not an enemy, Trump has outright called the Chinese a threat.  To United States interests, he is correct, and Trump has taken significant steps to kill that threat. 

First, Trump attacked the underpinnings of their economy in a very successful way.  As of January 2019, the Chinese economy has dropped to its slowest growth since 1990.  Meanwhile, militarily, Trump has not only revitalized missile defense systems, he ordered the US Navy to confront the Chinese head-on in the South China Sea.  As recently as two weeks ago, analysts have predicted the threat of war between two global nuclear powers as the highest since the Cuban Missile Crisis.  The Communist Chinese have prominent military officers arguing for a war with the United States. 

Whether or not war is in American interests may be a moot point.  A strong China certainly does not serve Washington’s interests.  But what about Southern interests?

Like it or not, the US and the South are tied at the hip on this one.  There is no universe by which a Communist Chinese victory on any front – economically, diplomatically, or militarily – aids the Southern people.  The Chinese only accept nationalism when it involves their people.  Otherwise, they are the largest exporters of Communist rhetoric in the world today.  The antifa scum who target members of the Dissident Right are bought and paid for, in part, by the Communist Chinese government.

Nothing says “Anti-Facsist” like ensuring the continuation of cheap manufactured goods from labor exploiting Communist China into the United States to the detriment of the American worker.

Anyway, the Chinese purposely seek to destroy all that makes the South unique, which is a different approach than modern Russia, which views an independent South positively for different strategic reasons.  To the Chinese, boys from Texas and Tennessee constitute a very real threat to their ideological causes and are impossible to manage.  They feel the same way about Idaho and Montana, but there are simply not that many of our kin in the Rocky Mountains.  Understanding this fact, the South will have to support the American Empire in a war against China, if only to push back against a Maoist tsunami at home.

Unfortunately, like every war in the past century, that means a lot of Southern boys will fertilize the soil with their blood. A lot of Southern mothers will salt the earth with their tears. A lot of pines will be chopped down for boxes in South Georgia. All the while, Yankee men make money on commodities futures back home, sipping on lattes with their legs crossed, while their teenage son is being transformed into a drag queen and their wives are on Facebook celebrating their child’s transgenderism and diverse dating practices.

This trend will continue until the South is free.

Source: by Padraig Martin | Identity Dixie

The Fourth Turning Outlook For 2019

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“An impasse over the federal budget reaches a stalemate. The president and Congress both refuse to back down, triggering a near-total government shutdown. The president declares emergency powers. Congress rescinds his authority. Dollar and bond prices plummet. The president threatens to stop Social Security checks. Congress refuses to raise the debt ceiling. Default looms. Wall Street panics.”
The Fourth Turning – Strauss & Howe

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(TheBurningPlatform) Strauss and Howe wrote their book in 1996. They were not trying to be prophets of doom, but observers of history able to connect events through human life cycles of 80 or so years. Using critical thinking skills and identifying the most likely triggers for crisis: debt, civic decay, and global disorder, they were able to anticipate scenarios which could drive the next crisis, which they warned would arrive in the mid-2000 decade. The scenario described above is fairly close to the current situation, driven by the showdown between Trump and the Democrats regarding the border wall.

It has not reached the stage where all hell breaks loose, but if it extends until the end of January and food stamp money is not distributed to 40 million people (mostly in urban ghettos) all bets are off. The likelihood of this scenario is small, but there are numerous potential triggers which could still make 2019 go down in history as a year to remember.

As we enter the eleventh year of this Fourth Turning, the fourth Crisis period in U.S. history, the mood of U.S. citizens and citizens around the globe continues to darken. Fourth Turnings are driven by generational configuration and the emotional reaction to events by the Prophet generation leaders, Nomad generation spearheads, and Hero generation cannon fodder.

As we close out this year, stock markets are gyrating wildly, central bankers are trying to reverse their nine years of interventionist strategies to sustain the establishment, civil chaos spreads across the European continent, saber rattling between the U.S., Russia and China increases, the animosity between political parties reaches new heights, the Deep State relentlessly pursues their Mueller led coup against Trump, mega-social media corporations tighten their grip on free speech by silencing conservatives, leftists push their socialist, open borders, normalizing degeneracy agenda, and global recession gains momentum as trade declines and global debt reaches unserviceable levels.

Examining the three prior Fourth Turnings may give us a window into where we stand and what may happen in the coming year. We are in the tenth year of this Crisis, with the eleven-year anniversary slated for September 2019. The American Revolution Crisis was catalyzed in 1773 when the Boston Tea Party forever changed the colonial mood towards revolution. After eight years of struggle and desperate measures, the climax was reached with the surrender of Cornwallis at Yorktown in 1781.

But there was still thirteen more years of crisis as the new states forged a Constitution, elected Washington its first president, and he withstood the Jacobins, put down the Whiskey Rebellion and finalized a treaty with England. In year ten of the crisis, two years past the climax, the Treaty of Paris was signed, British troops left the continent, and Washington resigned as commander of American troops. The Articles of Confederation had been ratified in 1781 and remained in place until succeeded by the U.S. Constitution in 1789.

There was no tenth or eleventh year of the Civil War Crisis. Lincoln’s election with only 40% of the popular vote, prompting the attack on Fort Sumpter, and subsequent secession of Southern states, triggered the bloodiest conflict in world history, with 8% of all white men aged 13 to 43 killed in the war, including 6% in the North and 18% in the South. The acceleration of this Fourth Turning into a five-year window from 1860 to 1865 was not a positive development.

The extreme intensity of the conflict resulted in 700,000 tragic deaths. The catalyst occurred five years too soon and the resolution a generation too soon. A more extended crisis may have allowed tempers to moderate and the conflict to end in a more constructive manner. Instead, with the surrender at Appomattox and assassination of Lincoln, the resolution felt more like a defeat than a victory. Turmoil continued for at least a decade after the resolution.

The Great Depression/World War II Crisis saw its tenth and eleventh years as the most ominous, dangerous and destructive for Great Britain, as they bore the brunt of the German onslaught. 1939 saw the Nazi invasion of Poland and the official start of World War II. In May of 1940 Germany launched its blitzkrieg offensive through Holland and Belgium, defeating the French and British forces in a matter of weeks. Chamberlain resigned as Prime Minister, replaced by Churchill, as France surrendered in late June.

The Battle of Britain raged from July through October as Hitler relentlessly bombed England, trying to force their surrender. Germany, Italy and Japan signed the Tripartite pact in September, setting the stage for the U.S. eventual participation in the war. Einstein informed FDR of the potential for an atomic bomb during 1939 and the Manhattan Project was born. The climax of the crisis occurred with the successful D-Day invasion. The dropping of two atomic bombs on Japan and successful demobilization of military forces marked the end of the crisis.

History may not repeat, but human nature never changes, so the 80-year cycles of manmade crisis will repeat. The length of time from the American Revolution climax in 1781 until the Civil War climax in 1863 was 82 years. The next climax in 1944 was 81 years after the Civil War climax. Therefore, we can expect a climax to this current Crisis sometime in the 2025 range. The question is what events will transpire between 2019 and 2025 before a climax is reached.

Based upon history, the resolution will not be based on compromise, civility, reason, or peaceful means. The combustible combination of unpayable debt, civic anarchy, and global chaos are set to detonate, creating an era of maximum darkness, death, destruction, and decisions. Making America Great Again will require personal sacrifice, dreadful choices, survival skills, intelligent decisions, and the courage to win at all costs.

The first ten years of this Crisis were the early Winter solstice period when public order began to pass its nadir. The coldest days of Winter beckon with the harshest years of the Crisis ahead. Many melancholy days lie ahead, as bitter winter winds and blizzard like conditions sweep the bleak landscape, testing the mettle of even the bravest souls. The catalyst for the Crisis was the Wall Street created global financial meltdown in 2008. The election of Trump marked the beginning of the regeneracy, with Trump as the Gray Champion.

The last two years have certainly marked a new more volatile phase of this Crisis, setting the stage for the fireworks to come. The regeneracy is less like FDR’s New Deal initiated unification of the country and more like the Lincoln regeneracy after the First Battle of Bull Run when he ordered the enlistment of a half million men to fight a like number of fellow American men. Both American factions were unified in their cause. The chain reaction of emergencies and unyielding responses will continue unabated until a final resolution is achieved.

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“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies.

The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.”
– 
The Fourth Turning – Strauss & Howe

Strauss and Howe foresaw the core elements which would surely propel the next Fourth Turning. They were plain to see for people who chose to see the world with eyes wide open. Debt, civic decay and global disorder are on center stage as we enter the fateful year of 2019. A madness seems to be gripping the nation, a melancholy realization all is not right. Everything has a chaotic feel, as financial markets are falling, politicians threaten and attack each other, government dysfunction is laid bare for all to see, Deep State snakes slither behind the scenes trying to bring down Trump, racial tensions grow, foreign governments topple, Russia and China challenge U.S. hegemony, and the global debt Ponzi scheme is entering its collapse phase.

There are no moderates, only pro-Trump and anti-Trump factions. Compromise and workable solutions to our deep-seated problems are off the table. The mood of the populace ranges from frustrated and angry to depressed and stressed. The aroma of conflict wafts through the air as battle lines are being drawn.

The initial spark of a global financial meltdown created by greedy Wall Street banks, the feckless Fed, and corrupt government officials was driven by bad debt, outright control fraud by the financial industry, captured rating agencies, easy money provided by the Wall Street owned Fed, and utter contempt for properly regulating the Wall Street cabal by the Fed and SEC.

This emergency was met by an unyielding response from the establishment, with the easiest money policies in world history, bailing out criminal bankers with taxpayer funds, increasing global debt by $80 trillion to $250 trillion (318% of global GDP), running fiscal deficits exceeding $1 trillion per year, and pretending all that debt will be repaid. Pretend and extend has been the solution.

The Deep State has taken extraordinary measures to try and retain their stranglehold on the wealth of the nation and control of the political, financial, social and media levers of society. They have utilized a combination of propaganda disguised as news, social media distractions, technological surveillance, misinformation campaigns, welfare to keep the poor sedated, and the continued issuance of debt to keep the masses satiated with consumer goods as their wealth dissipates. But the teetering edifice of debt, delusion and deception is poised to topple in 2019.

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As we enter 2019, year eleven of this ongoing Crisis, you can sense the panic and distress permeating from the pores of the establishment figures and their rich shadowy benefactors trying to maintain their unseen presence behind the curtain as they pull the strings – operating as the invisible government running the show for their own benefit. It seems the unanticipated election of Trump has thrown a monkey wrench into their well- oiled pillage machine, forcing them to reveal themselves as they attempt a not so subtle coup against a sitting president.

Fourth Turnings always sweep away the existing social order in a torrent of violent upheaval and the blood of young men. But that doesn’t mean the existing establishment will give up their wealth, power and control without a fight. And the fight is underway. The volcano has erupted and the molten lava could flow in numerous pathways over the next six or so years.

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“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

  • Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
  • Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
  • Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
  • Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction.”
    The Fourth Turning – Strauss & Howe

The ingredients of distress in the next phase of this Crisis could include any or all of those pondered by Strauss and Howe twenty-two years ago. I can make the case for multiple levels of distress breaking free from their channels, making 2019 as historic a year as 1939 or 1940. My prognosis for 2019 follows:

Economic Distress

Economic distress is mounting, as the machinations of the Fed, Wall Street and the U.S. government prove to be nothing more than debt financed illusions. Once the easy money spigot is turned off and the tide of zero interest debt for Wall Street and mega-corporations recedes, you realize everyone was swimming naked. The national debt grew by $1.4 trillion in 2018 during “the best economy ever”, according to Trump.

We added $12 trillion to the national debt and have generated a historically weak recovery, especially for the working class. We’ve gone nine years without recession and the longest period in U.S. history between recessions was ten years. Without the tax cut stimulus, interest rates higher, corporate profits flagging, global trade waning, and central bankers withdrawing liquidity, recession is likely in 2019 – driving deficits towards $2 trillion.

The number of zombie companies (GE, Sears, JC Penney, Chesapeake, all fracking companies) propped up by cheap junk bond debt is astronomical. National debt default is still a ways off, but a tsunami of corporate debt defaults will inundate the economy once the recession knocks the legs out from beneath this faux recovery. Corporations and consumers have never been more indebted. Stock valuations have never been higher.

An economy that begins to self destruct when interest rates approach 3% proves the “solutions” implemented by those in power did nothing for the average American, while further enriching the parasitical class pulling the strings. At this point, a specific triggering event is unnecessary to provoke the economic conflagration. The unbearable weight of unpayable debt is going to cause the structure to collapse at free fall speed, like the Twin Towers pancaking everyone in the floors below.

With a recession inevitable in 2019, we know the stock market declines 30% to 40% during recessions, on average. When a stock market is this overvalued, based solely on Fed easy money and corporate buybacks (Apple has lost $9 billion on their buybacks this year), the withdrawal of liquidity combined with recession and declining profits will knock 50% to 60% off current prices. I wonder how many middle-class 401k contributors expect this to happen. Well this will be the third time in 18 years, so you would think they’d learn by now.

Recession means job losses, consumer debt defaults, less tax revenue for the government, more wasteful spending by politicians pretending to care, soaring deficits, currency gyrations, and the potential for rising interest rates as no one will be willing or able to buy the newly issued debt. Will we have massive deflation or hyperinflation? Anything is possible in a collapse scenario. What is certain will be millions of angry Americans looking for someone to blame and politicians seeking to distract them with some foreign “threat” to their safety and security. This is when trade wars morph into real wars.

Social Distress

The social distress sweeping the country gets the majority of attention on the left-wing corporate media propaganda machines as they purposely fan the flames of divisiveness. Keeping the sheeple angry at each other keeps them distracted from the continued pillaging of the national wealth by the Deep State scum operating in plain sight. The daily war against the normies has reached new heights of hypocrisy and idiocy.

The unceasing mantra of diversity, trying to normalize the lifestyles of the mentally ill, glorifying socialism as Venezuela implodes due to socialism, promoting the climate change agenda to abscond with more taxes, and trying to force left wing agendas down the throats of white traditional family-oriented people, is on the verge of starting civil violence as we are witnessing in France. The ruling class has gone too far in accumulating the wealth of the nation through the capture of regulatory, political, financial, and communication structures. Wealth inequality arisen through fraud, deception and corruption will lead to class warfare – likely after the next financial collapse.

The current government shutdown over funding for a border wall is essentially a showdown over the racial makeup of the country and allowing unfettered access to welfare benefits to illegal invaders who will loyally illegally vote for their Democrat benefactors for eternity. Racial politics is what has kept blacks enslaved on the welfare plantation in decaying urban ghettos run by Democrat politician plantation owners.

A black uprising led by Kanye West has struck fear into the hearts of Democrats, giving them further incentive to keeping the southern border open to new Democrat voters.  With gun grabbing liberal politicians attempting to disarm the deplorables in flyover country, while supporting antifa and black lives matter terrorists, and thwarting efforts to keep criminals and terrorists from illegally entering the country, a violent showdown is inevitable.

Political Distress

The political distress since the 2016 election has reached levels not seen since the Civil War Crisis period. The Deep State controllers’ next hand-picked figurehead president – Hillary Clinton – inexplicably lost the election to a NYC reality star real estate mogul who boasted about grabbing pussies and had a weakness for strippers and Playboy bunnies. Clinton’s arrogance and hubris were her downfall as the deplorables she ridiculed and a majority of white women in the country gave Trump a slim victory and drove millions of pussy-hat wearing feminazis into a rage.

College students across the land sobbed in their safe spaces and missed their Queer Theory or Pick your Gender classes. But not only were snowflakes across the land melting, but the surveillance state spooks who attempted to rig the election in Clinton’s favor went into a frenzy, as fear of their traitorous machinations being revealed forced them to begin a coup attempt against Trump. The Mueller, Comey, Clapper, Brennan, Obama, Clinton reactive coup attempt is ongoing and will come to a head in 2019.

The outcome of this epic struggle between the Deep State and the non-approved upstart president could create civil war like conditions. How will Trump supporters react if they believe their leader is removed through impeachment, based on false charges? Will they take to the streets in armed insurrection? Will the police and military fire on their fellow citizens? What if Trump refuses to step down, creating a Constitutional crisis? What if he is assassinated?

On the other hand, what if Trump’s allies within the DOJ and Military present evidence of collusion against the Obama administration, Clinton and top officials in the FBI, DOJ and CIA? How would the left wingers react to military tribunals with their beloved leaders in the docket? Even if these earth-shattering events don’t come to fruition, a Democrat controlled House will thwart everything Trump attempts to accomplish as they position themselves for the 2020 presidential election. The anger and disillusionment of the masses will deepen.

Military Distress

The potential for catastrophe on the military front hasn’t been higher in decades. The linear thinking lemmings dismiss the possibility of a global conflict because they are just as obtuse as “experts” before them throughout history. Since World War II we have only experienced proxy wars where the outcomes would not change the course of world history. There have been no “total wars”, where the loser is utterly shattered and complete victory is attained.

Those who practice revisionist history act as if the previous two Fourth Turning total wars were completely predictable before they began. In 1858 no one believed a Civil War taking the lives of 700,000 Americans was just over the horizon. Exactly 80 years later in 1938, few believed a global conflict which would kill 65 million people in six years was imminent. Here we are exactly 80 years later and anyone predicting a global conflagration killing millions is declared a loon.

Every previous Fourth Turning has ended in total war with victory of the “good guys” always in doubt. Every total war has ratcheted up the level of death and destruction, as technological “advancements” enhance our war making abilities. Human nature DOES NOT change. We are not smarter, less war-like, more humanitarian, or less arrogant than our predecessors throughout history. Hubris, power, and miscalculation by ego maniacal leaders leads to war.

We know the climax of this Fourth Turning is slated for around 2025. This infers a high likelihood of a major war involving the U.S. in the foreseeable future. Will it ignite in 2019? All the combustible elements are present. The onset of a global depression, trade wars, China & Russia feeling pushed into a corner and the volatile political situation in the U.S. and EU provide a potential pathway to global conflict.

Economic indicators from China show the slowest economic growth in a quarter century. Their natives are restless. Plunging oil prices will throw the Russian economy into recession. The EU economies, led by Germany, are seizing up with the slowdown in global trade. Japan has essentially been in recession since the 1990s. The U.S. is poised for a recession in 2019.

Immigration chaos in Europe, Brexit, Ukrainian nazis provoking Russia, South China Sea territorial disputes, the Syria, Turkey, Iran, Israel ticking time bomb, Saudi anarchy, socialist South American regimes imploding, and U.S. political pandemonium have created a perfect storm of domestic and international disasters. What do low-life politicians do when faced with terrible domestic issues? They seek to distract their citizens with a foreign threat. See “Blame Russia for Everything” as an example of this tried and true propaganda technique.

Desperate politicians do desperate things to retain power. Desperate Deep State actors care not one wit for their fellow countrymen. They are willing and able to sacrifice the youth of their nation to fight wars which will further enrich themselves and their fellow traitorous benefactors. We are nothing but cannon fodder to this psychopathic scum. Putin and Xi are essentially dictators who have no fear of elections every two years. They are serious men in possession of nuclear missiles, capable of destroying the world.

Blaming them for all the ills in your own country is a fool hardy tactic. The ever- increasing saber rattling, whether in the Ukraine, Syria, South China Sea, or during antagonistic trade negotiations can easily lead to unintended consequences. All leaders have enormous egos and are prone to over-confidence and miscalculation regarding how their opponent will react. Someone is going to do something stupid and then all hell is going to break loose.

No Escape

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“The risk of catastrophe will be very high. The nation could erupt into insurrection or civil violence, crack up geographically, or succumb to authoritarian rule. If there is a war, it is likely to be one of maximum risk and effort – in other words, a total war. Every Fourth Turning has registered an upward ratchet in the technology of destruction, and in mankind’s willingness to use it.

History offers no guarantees. Obviously, things could go horribly wrong – the possibilities ranging from a nuclear exchange to incurable plagues, from terrorist anarchy to high-tech dictatorship. We should not assume that Providence will always exempt our nation from the irreversible tragedies that have overtaken so many others: not just temporary hardship, but debasement and total ruin. Losing in the next Fourth Turning could mean something incomparably worse. It could mean a lasting defeat from which our national innocence – perhaps even our nation – might never recover.”
– Strauss & Howe – The Fourth Turning

There is no escape from the Fourth Turning. We are midway through this crisis and the existing social order retains tenuous control over the levers of finance, government and the legacy media. History tells us our society will be reshaped and transformed before this crisis resolves itself sometime between now and 2029. It would be the utmost of arrogance to believe our nation will be protected from destruction by an all-powerful God. We’ve made bad choices, deferred hard decisions, squandered our financial resources, allowed our educational system to be corrupted and valued all the wrong things.

There will be consequences. The overt last- ditch financial debt schemes concocted by the entrenched establishment, to prolong their power and control, are unraveling and a death and rebirth of the social order through a chaotic cleansing is in the offing. I believe the real fireworks will begin during 2019.

I don’t eagerly await the terrible storms headed our way. I wish we didn’t have to withstand the brutal gales of this coming winter, but we have no choice. You have to survive Winter to experience the blossoming Spring. The coming decade will try our souls and force everyone to make choices that will make a difference. The specific events are unknowable, but how we react and who we support during the events will be the decisive factor in whether this Fourth Turning is resolved in a positive way. Having it resolved in negative way could be an unimaginable tragedy.

Patrick Henry made his famous “Give me liberty or give me death” speech during the first American Fourth Turning. His words ring true today. We are already at war. Sides have been drawn. We are going to have to fight whether we like it or not. Our only other choice is chains and slavery. The time to choose has arrived. Welcome to 2019.

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“The war has actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased at the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!”
– Patrick Henry – 1775

Source: The Burning Platform

The Ghost Of Christmas Future

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(
Chris Martenson) Here in the brief period between Christmas and New year’s, as a writer I am obligated to say happy, wishful things. I have to confess, I’m just not feeling it this year, so I’ll just do the minimum here and return to being a curmudgeon, because that’s what the times call for.

So, happy new year. I hope everything works out well for you in 2019.

There, with that behind us we can now return our attention to the true state of the world, which is deteriorating and getting worse.

For most people things will be decidedly worse, not better, as things progress along their current trajectories. The only planet we’ve got to live on is being killed by human activity and gross inattention, while economically the greatest and most ill-advised credit bubble in all of human history flirts with the sort of sudden disaster that follows shortly after the failure of one’s reserve parachute.

As I’ve often repeated, I truly wish this weren’t the case.  I don’t have a “bummer gene” that relishes bad news nor do I enjoy being “that guy” who says what no one wants to hear. 

Many of you reading this know exactly what I’m talking about.  You, too, had to keep your lips zipped over the holidays lest the strained family small talk and opening of cheaply-made forgettable gifts be ruined by any talk of ‘reality’.  Sure, everyone can inwardly wince at uncle Jack’s sixth bourbon and tolerate the buffoonery and social awkwardness sure to follow because  “it’s only once a year.”

But collapsing insect populations, species loss, shrinking aquifers, and the utter betrayal of the younger generations by the “olders” running the fiscal and monetary policies of the world are not as easily dismissed. There’s no relief at the end of the day when the problem drives itself home. 

Instead, these many predicaments lurk and fester, as stubbornly as a rotted beam in the basement.  An adult with a problem beam in the basement deals with it.  But the immature person pretends the problem doesn’t exist, and then scolds and shames anyone who brings it up.

Well, for those of us in the mature reality-based camp, we can point out not one but many dozens of rotten beams in the basement, and the walls, and the roof.  So, holidays are quite often more a burden to us than a comfort.  “Why, yes, Aunt Karen, that is a nice set of coasters you gave to John” as you think to yourself “I wonder if those are made from pressed microplastics or virgin rainforest?”

To be completely clear, I deplore the decisions that got us to this point in history. But here we are.

I wish the Federal Reserve, the ECB and the rest of the world’s major central banks had not printed up $16 trillion of thin-air money and caused the greatest collection of asset price bubbles in all of history. I wish that the US had heeded Jimmy Carter back in the 1970s and developed a workable long-term energy strategy that made sense.  I wish that disappearing insect population were not relegated to the back pages of major newspapers, and instead were front and center each and every day until responsible actions were undertaken.  I wish that savers, pensioners and the young hadn’t been sacrificed upon the altar of bank profits so that the obscenely wealthy could become even more so.

But, that’s not how things turned out. So now we’ve just got to make the best of it individually, whatever may come.

Two Questions

Back in November of 2018, I participated in a superb evening event put on by modern Poet-Historian Stephen Jenkinson where he posed the following to the audience, which mostly consisted of people with grey hair.  He said that every older person needs to be ready for the day when a younger person walks up to them and asks them two questions:

  1. When did you know, and
  2. What did you do about it?

When did you know about the many problems and predicaments facing our world today?  When did you find out about species loss, and peak oil, the generationally destructive policies of your peers, and the unsustainability of our entire economic model? 

And what did you do about any of it?  Did you make any changes at all to your behavior, or did you close your eyes and slip into a strategy of false hope? Hope that ‘somebody’ would do ‘something’?  Did you fight at all for the things in which you once believed?

These aren’t easy questions to face, because they cut right to the heart of the matter. They put our integrity into question and threaten to expose whether we have any at all.

Not easy stuff, to be sure.

So, by way of preparation for what’s coming, let me act as a stand-in for that future young person and be the one to ask you:

When did you know?

And what did you do about it?

Psychological Projection

Psychological projection is a defense mechanism in which the human ego defends itself against unconscious impulses or qualities (both positive and negative) by denying their existence in themselves while attributing them to others.
(
Source)

In the US, the older generation, the Baby Boomers, have a lot to answer for.  I’m among them, so I’m pointing my accusing fingers right back at myself, too.  It’s incumbent on every group to be its own best critic (a credo the FBI, many police departments, large corporations, and political parties seem to be woefully ignorant of).

Instead of being appropriately self-critical, 2018 was the year the entire mainstream establishment decided to engage in a mass act of psychological projection instead. With Millennials as the hapless targets.

In the US, after spending $trillions on unnecessary wars and neglecting to invest for the future (adequately funding pensions, maintaining vital infrastructure, etc), the establishment decided 2018 would be a good year to wag its collective finger at the Millennial generation, going so far as to blame its low home ownership rate on eating too much avocado toast:

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But it didn’t stop there. The establishment went on an absolute tear of a blaming spree. It accused Millennials of so many vices that long lists had to be created. As those lists became exhaustively long, Millennials were branded “mass murderers”:

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The reason that so many Millennials are turning away from the blindly-consumptive patterns of their parents is because they got locked out of that game long enough to peer back in. As they did, many decided that their parents’ material pursuits and life choices weren’t worth repeating.

A lifetime of paying off mortgage and other debts to bankers or… spending their money instead on valued experiences while still young and vigorous?  Hmmmm.  Not exactly a tough choice, is it?

The Boomers and their journalistic lackeys decry Millennials’ opting-out as “killing” valued institutions like for-profit colleges and the housing market, but the reality is if you give people a bit of breathing room to assess their options, few will willingly choose a lifetime of debt servitude. Most prefer financial freedom and a life well-lived.

I know that my own children (all young adults now) have opted not go into debt. Or overspend on college. Or purchase cars until absolutely forced to (and even then they bought beaters). 

I like to think that they got some of that frugality from me but, truthfully, after about the age of 13 parents’ influence on their children hovers between 0 and -3.  From the age of 13 on their peers shape their outlook. And many of my children’s peers are making similar purchasing and life decisions, so that sets the direction of their age cohort.

For the journalists making a show out of struggling to understand why the Millennials are making different choices than the Boomers did, I offer up this quote:

It is difficult to get a man to understand something, when his salary depends upon his not understanding it.”

           ~ Upton Sinclair

It’s important to note that the mainstream press has a couple of important jobs: keeping everyone firmly seated in the consumer mind-rut, and deflecting any criticism away from the wealthy and their corporate masters (should any distinction between those groups exist).

If I sound harsh on the mainstream press, that’s because far too many in that profession have settled into being little more than scribes for the powerful; doing little more than repeating scripted talking points, inaccurate “facts,” and overt corporate and political propaganda.

In other words: the criticism is entirely deserved. Especially when one asks, “When did you know? And what did you do about it?”

2019: The Beginning Of The End

2018 has been the year that things began to unravel, as the accumulated mistakes of the prior decades finally settled in.

2019 will see the repercussions of that unraveling. It’s going to be a very hard year as reality starts to settle in.

As far as the financial markets go, which are the preferred self-enrichment and public signaling devices of the powers that be, our operating model is contained in the phrase: Until and unless.

Until and unless the world’s central banks reverse course and once again undertake more Quantitative Easing, or “QE,” financial asset prices will continue to fall throughout 2019.  Stocks, bonds, real estate.  You name it.

For all the investors out there now habituated to ever-rising asset prices, this will be a very unpleasant and painful period.  

But beyond just our portfolios, the imbalances facing us are extraordinary and they’re spread all across the world’s stage — economically, politically, ecologically, demographically — and there simply are not sufficient resources to ever again return to the reliable and fast pace of economic growth experienced in the 20th century.

It’s time for each of us to focus on preparing financially, emotionally, and physically.  Things are changing, quickly, and pretending that they aren’t isn’t a winning strategy.

Few are ready to hear these messages.  More will be ready over the coming year, but still the numbers will be surprisingly small.

This makes it even more important that we stick together and offer each other support and encouragement as we navigate increasingly difficult waters over the coming months and years.

Look, I wish I could join the untold millions in looking past all of these predicaments and cheerily wish everyone a Happy New Year and leave it at that. But I cannot. We don’t pick the times in which we live, But we can control how we respond, as well as how we decide to meet the challenges we face.

Source: ZeroHedge