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Tuesday, November 8, 2016

The Ruling Elite & Today’s Election

Poor Man Survival

Self Reliance tools for independent minded people…

ISSN 2161-5543

A Digest of Urban Survival Resources


The Ruling Elite & Today’s Election


Former Congressman and Washington insider David Stockman, has warned that a Clinton victory would be equally, if not more, disastrous [than a Trump victory] for markets. He, like many others, expect that official investigations and new disclosures from WikiLeaks would be non-stop under a Clinton administration. For this reason and others, Stockman reasons that Congress “will become a killing field” for anything Clinton tries to pass through Congress. He predicts that “for six months, or even longer, there will be acrimony, there will be brinkmanship, there will be paralysis.” This deadlock would prevent the federal government from preventing the economy’s slide into an even deeper recession. In addition, markets would likely be affected by the massive backlash a Clinton win would generate from Trump supporters.

Though Tuesday’s election may serve as the spark that ignites the next economic crisis, these problems have been years in the making, largely because the damage done by the 2008 near-meltdown was never healed. The derivatives market, whose collapse in 2008 caused the worst of the crisis, is now larger than the world’s GDP and many major banks, including Germany’s largest bank, are tumbling to the point of near collapse. Stockman, who also worked for 20 years on Wall Street and even served as a Congressman, says that the IRS’ drop in revenue is the clearest indicator that markets are in grave danger. He explained that, “The IRS said that last year revenue was up 1% and, in the last quarter, it was down 4 percent. […] That means the work hours aren’t happening.” Stockman has previously made the claim that unemployment in the US is actually around 42.9%. He further reasoned that the combination of a paralyzed congress, a soon-to-expire debt ceiling, a central bank fresh out of ammo, and a market that has shown few signs of life for 700 days have made for a perfect storm for the US as well as the global economy.

Stockman ended his series of dire warnings by saying that the future of Wall Street after the election will be like San Francisco’s devastating 1906 earthquake. Stockman’s analysis is spot-on, our economy has been inflated to unprecedented heights due, in part, to the irresponsible monetary policy of privately-owned central banks. Even the Rothschilds have warned that the “greatest monetary policy experiment in history” will end in disaster. If Stockman is right, such a disaster could be literally only days away.




The Ruling Elite Has Lost the Consent of the Governed

Charles Hugh Smith


Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed.

Every ruling Elite needs the consent of the governed: even autocracies, dictatorships and corporatocracies ultimately rule with the consent, however grudging, of the governed.

The American ruling Elite has lost the consent of the governed. This reality is being masked by the mainstream media, mouthpiece of the ruling class, which is ceaselessly promoting two false narratives:

1. The “great divide” in American politics is between left and right, Democrat/Republican

2. The ruling Elite has delivered “prosperity” not just to the privileged few but to the unprivileged many they govern.

Both of these assertions are false. The Great Divide in America is between the ruling Elite and the governed that the Elite has stripmined. The ruling Elite is privileged and protected, the governed are unprivileged and unprotected.

That’s the divide that counts and the divide that is finally becoming visible to the marginalized, unprivileged class of debt-serfs.

The “prosperity” of the 21st century has flowed solely to the ruling Elite and its army of technocrat toadies, factotums, flunkies, apparatchiks and apologists.The Elite’s army of technocrats and its media apologists have engineered and promoted an endless spew of ginned-up phony statistics (the super-low unemployment rate, etc.) to create the illusion of “growth” and “prosperity” that benefit everyone rather than just the top 5%.

The media is 100% committed to promoting these two false narratives because the jig is up once the bottom 95% wake up to the reality that the ruling Elite has been stripmining them for decades.

As I have tirelessly explained, the U.S. economy is not just neoliberal (the code word for maximizing private gain by any means available, including theft, fraud, embezzlement, political fixing, price-fixing, and so on). It is neofeudal, meaning that it is structurally an updated version of Medieval feudalism in which a top layer of financial-political nobility owns the engines of wealth and governs the marginalized debt-serfs who toil to pay student loans, auto loans, credit cards, mortgages and taxes — all of which benefit the financiers and political grifters.

The media is in a self-referential frenzy to convince us the decision of the century is between unrivaled political grifter Hillary Clinton and financier-cowboy Donald Trump.

Both belong to the privileged ruling Elite: both have access to cheap credit, insider information (information asymmetry) and political influence.

The cold truth is the ruling Elite has shredded the social contract by skimming the income/wealth of the unprivileged. The fake-“progressive” pandering apologists of the ruling Elite — Robert Reich, Paul Krugman and the rest of the Keynesian Cargo Cultists — turn a blind eye to the suppression of dissent and the looting the bottom 95% because they have cushy, protected positions as tenured faculty (or equivalent).

They cheerlead for more state-funded bread and circuses for the marginalized rather than demand an end to exploitive privileges of the sort they themselves enjoy.

Consider just three of the unsustainably costly broken systems that enrich the privileged Elite by stripmining the unprivileged: healthcare (a.k.a. Sickcare because sickness is profitable, prevention is unprofitable), higher education and Imperial over-reach (the National Security State and its partner the privately owned Military-Industrial Complex).

While the unprivileged and unprotected watch their healthcare premiums and co-pays soar year after year, the CEOs of various sickcare cartels skim off tens of millions of dollars annually in pay and stock options.

The system works great if you get a $20 million paycheck. If you get a 30% increase in monthly premiums for fewer actual healthcare services — the system is broken.

If you’re skimming $250,000 as under-assistant dean to the provost for student services (or equivalent) plus gold-plated benefits, higher education is working great.

If you’re a student burdened with tens of thousands of dollars in student loan debt who is receiving a low-quality, essentially worthless “education” from poorly paid graduate students (“adjuncts”) and a handful of online courses that you could get for free or for a low cost outside the university cartel — the system is broken.

If you exit the Pentagon, CIA, NSA, etc. at a cushy managerial rank with a fat pension and lifetime benefits and are hired at a fat salary the next day by a private “defense” contractor — the famous revolving door between a bloated state and a bloated defense industry — the system works great.

If you joined the Armed Forces to escape rural poverty and served at the point of the spear somewhere in the Imperial Project — your perspective may well be considerably different.

Unfortunately for the ruling Elite and their army of engorged enablers and apologists, they have already lost the consent of the governed. They have bamboozled, conned and misled the bottom 95% for decades, but their phony facade of political legitimacy and “the rising tide raises all boats” has cracked wide open, and the machinery of oppression, looting and propaganda is now visible to everyone who isn’t being paid to cover their eyes.

Brimming with hubris and self-importance, the ruling Elite and mainstream media cannot believe they have lost the consent of the governed. The disillusioned governed have not fully absorbed this epochal shift of the tides yet, either.

They are aware of their own disillusionment and their own declining financial security, but they have yet to grasp that they have, beneath the surface of everyday life, already withdrawn their consent from a self-serving, predatory, parasitic, greedy and ultimately self-destructive ruling Elite.


Charles Hugh Smith
Founder, Of Two Minds


Yours for another revolution,

Bruce ‘the Poor Man’


P.S.  You cannot defeat your enemies until you know who they are…and often, we are the enemy!

Additional Resources

The Anatomy of a Breakdown

The Prepper’s Blueprint: The Step-By-Step Guide To Help You Through Any Disaster

Prepper’s Home Defense: Security Strategies to Protect Your Family by Any Means Necessary

Contact! A Tactical Manual for Post Collapse Survival






Arm Up System-Defense Without Regulation
PM’s Guide to Home Defense

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1 comment:

Danforth said...

No question about it-Stockman is spot on and he should know.