$29 Trillion transfer of wealth built on a conspiracy of lies
The fraud is still continuing today and no one is looking into it at the federal level. The film will be available on Aug 5 on Facebook live and one other site that I am not familiar with. I think the timing of this film is perfect since there are millions on the brink of getting evicted soon because congress is working for the banks that want this to happen. If enough people see what happened last time and people got away with it I think we will see more people in the streets when evictions start ramping up. Both parties take their orders from the elite. Period.
The USA is the most corrupt nation in the history of the world. Outright criminality is now legalized thanks to the two corporate parties enacting legislation to do so on behalf of their corporate masters. There is no rule of law for the citizens in the USA. The so-called justice system is nothing but a means to terrorize the citizens into cowering before the corporate criminal class. Meanwhile the oligarchs have their JustUs system in place that makes them immune from any wrong doing as they steal everything in sight and kill off all life on earth. The citizens are nothing but slaves now in the USA and it is long past time for a rebellion that will take these fucking monsters down. Are the citizens up to that or not. Right now there is somewhere around 38% of the citizens that are cheering on their own destruction. And arguably another large percentage are all for voting for the other party that will kill us off as well. Things do not look good for the future in the USA as chaos and destruction has been the inevitable outcome of a system enabled by both parties.
Ian Welsh has been writing some excellent articles on what we can expect from this new and improved Great Depression and it ain’t pretty.
American elites are not incompetent at what matters to them.
People constantly make ridiculous statements like, “The American government has been incompetent in its handling of Covid-19.”
Anyone who makes such a statement reveals that they do not understand how the US operates.
Fact: According the Princeton oligarchy study, almost the only thing that matters in what policies government pursues in the US is what elite factions want.
US billionaires saw their wealth increase by 20 percent, or $584 billion, roughly since the beginning of the pandemic.
Covid-19 is enabling the consolidation of US industry. Small businesses have to shut down, large businesses keep running. The oncoming tsunami of renters being evicted (depending on state, 25 percent to over 50 percent of renters are in danger of eviction) will wipe out landlords, allowing the richest Americans to buy up rental properties on the cheap, consolidating them. They will then charge, not market clearing rental rates, but profit maximization rents, leaving many people permanently homeless.
In the US, the victory of Reagan was when Bill Clinton helped create the “Third Way,” which was an adoption of neoliberal principle. Again, it would not matter if Republicans or Democrats were in power, the rich would get richer and the social state would be defunded.
Our elites are predators. They are taught that they have no obligation to other people. Greed is good, and whatever makes money is good. If someone else has less money, that’s because they deserve less money, and because they create less good.
In their daily lives, the rich become rich through passive income and exploiting other people; paying the lowest wage or price possible (Walmart and Amazon both famously fuck suppliers over, though in different ways), getting as much government money as possible, and making sure that they don’t have to work to make money, and that the stock market always goes up in the long run, along with other asset prices–no matter what’s actually happening in the economy.
Neoliberal elites are predators. This is true in every neoliberal country. It is simply most advanced in the United States. They view ordinary people as prey or useful tools. After the 2007/8 financial crisis, banks set up assembly lines to sign false paperwork so they could seize people’s homes. The Federal government knew, aided them, and later immunized them by making them pay fines far less than the value of what they stole.
You are food or a money-producing asset to elites. You are not human, you do not have a right to anything. Not due process of the law. Not food. Not housing. Not affordable medicine or health care. Those things are for people with enough money, and if that’s not you, you don’t deserve them.
From another Ian article:
So let’s say Biden wins, which is probable, mostly because of Covid-19 and Trump’s fumbled response–including the economic response. He’ll inherit an America with a 20+ percent unemployment rate and tens of millions of homeless people. Hunger will be widespread.
He’s already said he won’t change anything. His solution to the problem with the police is to give them more money for “training,” a solution which has never worked in the past and won’t work this time. He has told corporate America that he won’t be changing how business works. He’s against Medicare For All.
Biden is the pre-Trump status quo, except like all Democratic presidents since Nixon, he won’t actually undo most of what his Republican predecessor has done. He isn’t going to push for getting rid of the Patriot Act, breaking up DHS, a wealth tax or high corporate and marginal income taxes, saving the post-office, breaking up monopolies and oligopolies, stopping pharma price-gouging or, well, changing pretty much anything which makes the US a weak state according to Rotberg’s scheme.
What this means is that Biden won’t stop a damn thing. At best, he is a pause. More realistically, the state will continue its slow descent under him, as it did under Obama.
This too is also a good read.
The prognosis for a swift economic recovery is not all that positive. Multiple forces are at work that strongly suggest the early summer economic ‘rebound’ will prove temporary and that a further decline in jobs, consumption, investment, and the economy is on the horizon.
Through mid-June to mid-July, the COVID-19 infection rate, hospitalization rate, and soon the death rate, have all begun to escalate once again. Daily infections consistently now exceed 60,000 cases—i.e. more than twice that of the earlier worst month of April 2020. Consequently, states are beginning to order a return to more sheltering in place and shutdowns of business, especially retail, travel, and entertainment services. The direction of events cannot but hamper any initial rebound of the economy, let alone generate a sustained economic recovery. Exacerbating conditions, a second wave of job layoffs is clearly now emerging—and not just due to economic shutdowns related to the resurging virus.
Reopening of the US economy in June resulted in 4.8 million jobs restored for that month, according to the US Labor Department. That number included, however, no fewer than 3 million service jobs in restaurants, hospitality, and retail establishments. These are the occupations that are now being impacted again with layoffs, as States retrench once more due to the virus resurgence underway. But there’s a new development as well: A second jobless wave is now emerging in addition to the renewed layoffs due to shutdowns not only of the resumed service and retail occupations, but reflecting longer term and even permanent job layoffs across various industries.
Household consumption patterns have changed fundamentally and permanently in a number of ways due to both the virus effect and the depth of the current recession. Many consumers will not be returning soon to travel, to shopping at malls, to restaurant services, to mass entertainment or to sport events at the levels they had, pre-virus.
In response, large corporations in these sectors have begun to announce job layoffs by the thousands. Two large US airlines—United and American—have announced their intention to lay off 36,000 and 20,000, respectively, including flight attendants, ground crews, and even pilots. Boeing has announced a cut of 16,000, and Uber,n just its latest announcement, a cut of 3,000. Big box retail companies like JCPenneys, Nieman Marcus, Lord & Taylor, and others are closing hundreds of stores with a similar impact on what were formerly thousands of permanent jobs. Oil & gas fracking companies like Cheasepeake and 200 other frackers now defaulting on their debt are laying off tens of thousands more. Trucking companies like YRC Worldwide, the Hertz car rental company, clothing & apparel sellers like Brooks Brothers, small-medium independent restaurant and hotel chains like Krystal, Craftworks—all are implementing, or announcing permanent layoffs by the thousands as well.
Good grief this is accurate...
During one of the stormiest periods in U.S. history moderates chose a damn umbrella over a giant ark. pic.twitter.com/Eh0d7KOaiT
— Ryan Knight (@ProudSocialist) July 27, 2020
This has been planned for some time and both parties are complicit in bringing it to fruition. Trump wasn’t incompetent in his response to the epidemic just as Bush wasn’t incompetent in his response to Katrina just as Obama wasn’t incompetent in his response to the last financial crisis. Does anyone believe that the government doesn’t have numerous plans made out in advance for any type of catastrophe that hits these golden shores of US exceptionalism? From not having enough PPE for not only health care workers, but for every one of us. Same with not having a plan for keeping the food supplies going and many other issues that haven’t happened during this great epidemic that has given the elite their excuse to transfer as much wealth as possible into their pockets.