A World Without Money and Interest

During my October tour, I gave three presentations in Kuala Lumpur, Malaysia and another in Sardinia, Italy. Two of the Malaysia presentations were at the International Forum on Inclusive Wealth, but I do not yet have recordings of those. The third was an extended presentation and discussion (on October 10) at the Institute of Advanced Islamic Studies titled, A World Without Money and Interest: A pathway toward social justice and economic equity. Here below is the video of the proceedings, or you can watch it on YouTube at https://youtu.be/8BejigzDAVY. The audio only is here, and the slides that were used in that talk can be viewed here.

Prepare to be poorer

Michael Hudson is one of the few academic economists who is worth listening to. He understands how bankers and politicians of both major parties have been deceiving and fleecing the people and he is willing to expose it. In this video he explains how it works and how both Trump and Hillary have planned to continue (and intensify) the fleecing

Michael Hudson: Donald Trump Wants to Make the 1% Even Richer

Why Trump Won the Presidency

In an earlier post prior to the election I observed that, “The US has been on the road to fascism for a long time. Both Democrats and Republicans have for decades been advancing the same agenda of ceding power to transnational mega-corporations and the global banking cartel. So called “free trade” agreements are simply ways of allowing capital to more freely, exploit labor and the environment, and forcing governments to guarantee their profits.

Changes in financial regulations, like the repeal of Glass-Steagall under Bill Clinton in 1999, have enabled banking companies to grow to monstrous size (“too big to fail”) and to more easily cheat the clients they are supposed to serve.”

Now Jordan Chariton, while he does not call it fascism, details this trend in his article, Trump’s victory over Clinton was sealed 40 years ago. He points out that Bill Clinton continued the trend that began under Ronal Reagan, and that it was Clinton who presided over the deregulation of the Telecom Industry, repeal of Glass-Steagall, deregulation of credit-default swaps, loosened banking rules, and NAFTA, all of which contributed to the dismantling of American manufacturing and the decline of the American middle class.

He concludes that “The GOP, and Donald Trump, is not the answer. Unfortunately, a cowardly and corrupt Democratic Party let millions of people think they are.”

I am inclined to agree with Paul Waldman who wrote in the Washington Post If you voted for Trump because he’s ‘anti-establishment,’ guess what: You got conned. He says:
“An organizational chart of Trump’s transition team shows it to be crawling with corporate lobbyists, representing such clients as Altria, Visa, Coca-Cola, General Electric, Verizon, HSBC, Pfizer, Dow Chemical, and Duke Energy. And K Street is positively salivating over all the new opportunities they’ll have to deliver goodies to their clients in the Trump era.”

Another indication of that reality is the stock market surge on the day after the election. The companies that gained the most were banks, weapons manufacturers, and drug companies.

No, Donald Trump is not the one who will “make America great again.” That is a job that needs to be done by you and me and all of us working together to find common ground and create new systems and structures that are honest, open, transparent and consistent with our most fundamental values.

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Secret World of US Election: Julian Assange talks to John Pilger (full interview)

In this interview, Wikileaks founder, Julian Assange reveals, among other things,  that the governments of Saudi Arabia and Qatar are funding ISIS and have been making huge financial contributions to the Clintons. Just published today, November 5, 2016.

Julian Assange has been living for the past four years in the Ecuadoran embassy in London. While he has not been charged with any crime and the early allegations against him have been shown to be without merit, there is no doubt that if he sets foot outside the embassy he will be taken into custody by police and extradited to either Sweden or the United States. Assange is a political prisoner of the global elite Establishment.

Julian Assange’s telephone speech for CISL2016, October 26th, 2016

After having his internet access cut off by the Ecuadorian Embassy where he has been given sanctuary, Wikileaks founder Julian Assange had to deliver his speech by telephone. His story and the work of the information service which he founded are of great importance to the cause of freedom and government by the people.
There is some annoying buzzing at some points in the video but it remains understandable.

A full transcript can be found at https://www.reddit.com/r/WikiLeaks/comments/59myng/assange_102616_full_transcript/.

Reality and the mainstream media

“There are no conspiracies only conspiracy theories and nuts who believe them. Elections in America are not rigged, but there are many nuts who think they are. The United States is the champion of democracy and its interventions in countries around the world are conducted only for the purpose of deposing dictators and freeing the people to choose their leaders.”

These are some of the myths that the mainstream media have long been trying to sell to the public but as evidence to the contrary mounts up and the chorus of truth-tellers becomes ever larger their job has become more difficult. Add to the mix a Presidential candidate who dares to cast doubt upon any of part of the official version of reality and the pundits in the MSM go ballistic. It is almost laughable to see them so obviously reveal their biases.

While I consider Donald Trump to be a narcissistic nincompoop and cannot bring myself to vote in favor of his presidency, I do admire his willingness to speak the unspeakable and to give the American people at least the appearance of an alternative to the elite agenda. I further credit him for refusing to fall into line against Russian president Vladimir Putin who is understandably just trying to prevent threats from the west from camping out in Russia’s front yard.

More authoritative sources than I have thoroughly articulated the current domestic and geopolitical reality for anyone who cares to know. Here are just a few of them:

  • Gerald Celente
  • F. William Engdahl
  • Michael Hudson
  • John Perkins
  • Charles Hugh Smith
  • Noam Chomsky
  • Thom Hartman
  • Chris Martinson
  • Jim Rickards
  • David Stockman
  • Wesley Clark
  • Chris Hedges
  • Michael Parenti
  • Paul Craig Roberts
  • Oliver Stone

And you might want to check out Rob Kall’s take on election integrity over on Op-Ed News.

[EDIT] I just viewed this video of Alex Jones that reveals how desperate the global elite are to impose their “New World Order” by removing obstacles like Russia that refuse to go along, by starting a hot war if necessary. So who is the worse choice, Hillary, the hawk who is the chosen agent of the elite, or Trump? Is there any chance at this late date of electing one of the third party candidates? What  can we do to stop this madness? The hour is late and the stakes could not be any higher.

E
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We’re in an inflationary depression, with serious trouble ahead

The statistics offered by the government and the FED are not to be trusted. We’ve long known that the Consumer Price Index (CPI) is manipulated in ways that are intended to mask the increases in the true cost of living for the average American. The same is true of the unemployment numbers. Amidst all the happy talk of economic recovery, wages (in real terms) continue to decline and debts continue to  mount up. Charles Hugh Smith in his recent post, What If We’re in a Depression But Don’t Know It?, provides some eye-opening charts and convincing narrative that makes it plain that economic depression is the current reality for all but the top 5%.

But it’s not only the U.S. that is in trouble, the depression is worldwide. The financial crisis of 2007-2008 was only the beginning of what some call “the great unraveling” There are any number of commentators that provide further arguments on that score, including Thom Hartmann (The Crash of 2016) and Gerald Celente.

But no one besides myself is pointing out the underlying cause of all these problems. It is the monopolization of credit by a banking cartel, in collusion with top government officials, that creates money based on interest-bearing debt, a formula that centralizes power and concentrates wealth in the hands of what Hartmann calls economic royalists.

By their control of the monetary machinery they are able to lavishly fund weapons, war, and the global corporatocracy, while making money scarce for everyone else. Further, this system is not sustainable because the interest burden causes debts to grow continually with the passage of time. Central governments have assumed the role of “borrower of last resort,” to keep the money supply pumped up and the banks from failing. This cancer has metastasized and the end is near. –t.h.g.