Jacobin Textline: 830-JACOBIN  //  Text anytime and we'll respond during a show!

Thirty-two years ago, people were upset when Reaganomics (also known as Trickle-up Economics) drove the national debt above $2T.

2020 will conclude with a record-high deficit of $3.3T – money borrowed during a single year.

When the apocalypse comes, it won't be a perfect storm of misfortune no one could have predicted, it will be the evaporation of an illusion created by a debt-based economy exploited by speculation and profiteering.

In addition to buying (creating) the national debt, the Fed buys debt from private institutions.

The Fed now owns 30% of derivatives backed by home mortgages (remember those words: derivatives and mortgages, there will be a test later).

The Fed is buying derivatives at eight times the pace it was during the official "Quantitative Easing" programs (Big Bank Welfare).

(At the rate the Fed is printing money, I should think everyone owes Robert Mugabe an apology.)

In addition to the $17T created and lent to the U.S. government since '08, the Fed has created $6T to finance the private sector – that's $24T pumped into the economy in twelve years. Has the economy grown that much? How much of that $24T are you holding on to?

The global economy is government for the rich by the rich. Everything else is a distraction.

“EMP attacks are part of the emerging threats against our nation and demand a response,” – DoHS-flavored Government Stooge

Fission EMP weapons have never been anything more than a chalkboard exercise, but they are dragged out every so often as fear-mongering figments. Maybe we should stop putting the paranoid psychopaths in charge of defense (and everything else).

Yes, I know. They are basing it on top secret squirrel information that I am not allowed to know. Isn't that what is called a self-reinforcing delusion? 

DoubleSpeak: Mistakes

Deflection of Mistakes

If a corporation or politician makes a mistake, the mistake is never admitted; it is always framed as an intentional act that yielded unintentional consequences (i.e. they got caught) and is rationalized ad nauseum or minimized through gaslighting (it’s not as bad as you think it is).

Admission of Mistakes

If a corporation or politician admits to a mistake, they are deflecting from an intentional act that yielded unintentional consequences and are seeking to minimize negative perception by feigning natural fallibility and appealing to the public’s forgiving nature.

 

Thus, mistakes are ‘intentional acts’ and intentional acts are ‘mistakes’. One could be forgiven for confusing corporations and politicians with sociopaths.

Conspiracy Theorists are the world’s optimists.

If the world is run by intelligent, organized – albeit selfish and perhaps diabolical – entities who move all of the pieces on the board toward an end of their own design, then the world is really not run by Forrest Gump doppelgangers.

Occasionally, bureaucracies will surprise you with their innovation.

Instead of 'ignoring the problem hoping it will go away' with regard to the problem of police self-expanding their mandates (read: self-justification of excessive force, stormtrooping, and abuse of qualified immunity), the bureaucrats are de-funding the police, making the problem go away so they can ignore it.

Kudos, government stooges.

In 1847, Ignaz Semmelweis provided empirical evidence that washing hands and disinfecting equipment between patients reduced infections and mortality.

Because the 'consensus' did not accept Semmelweis' findings, germ theory languished until being undertaken again by Joseph Lister in 1865, the year Semmelweis died.

Consensus = Groupthink?