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2016 Year In Review

A Clockwork Orange
Thursday, December 22, 2016, 9:03 PM

Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full. » Read more

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The Power Struggle Unfolding Before Our Eyes

How it resolves will define the future we live in
Friday, November 25, 2016, 6:32 PM

A remarkably diverse array of “explanations” of Donald Trump’s presidential election victory have been aired, representing both the conventional political spectrum and well beyond.

While they very widely in terms of accuracy, all miss the bigger picture: the Public has begun a coup d'etat against the ruling elites. » Read more

Insider

Why The Ruling Elite Are Becoming Frightened

The public is staging a coup d'etat
Friday, November 25, 2016, 6:32 PM

Executive Summary

  • How the Deep State/"shadow government" came to be
  • A number of "quiet coups" have concentrated power over the decades
  • The moral hypocrisy of today's ruling elite and the public's growing rebellion against it
  • The key success factor the current people's coup will need in order to triumph

If you have not yet read Part 1: The Power Struggle Unfolding Before Our Eyes available free to all readers, please click here to read it first.

In Part 1, we reviewed six narratives that seek to “explain” Donald Trump’s unexpected victory in the 2016 presidential election. We then distilled these narratives down into three categories: moral claims, elite machinations and structural economic/social issues.

I propose that the most comprehensive explanatory narrative of Trump’s improbable victory is The People Staged a Coup D’Etat.

Threats to Democracy

To understand this narrative, we must first examine the structure of the American system of governance and the previous “quiet coups” that consolidated power in new elites.

In broad brush, the U.S. Republic was designed to be run by elites—hence the Electoral College and the bicameral legislature with a senate overseeing the rabble of the House of Representatives.

The founders—particularly James Monroe and his allies—were acutely aware that the greatest threats to an enduring democracy were a tyranny of the majority, a majority that undermined the civil liberties for all, or an elite whose powers could not be constrained.  This is the purpose of the balance of powers between the Executive, legislative and judicial branches of the federal government.

But these structural efforts to restrain a tyranny of the majority or an above-the-law ruling elite, the U.S. has experienced both a tyranny of the majority—the Jim Crow racial discrimination that was institutionalized in the Southern states until the mid-1960s—and a ruling elite that is above the law.

I would argue that the current ruling elite (neocon, neoliberal) personified by Hillary Clinton, is effectively a force unto itself, i.e. above the law.

The roots of this ruling elite’s expansive power can be traced to the 1940s rise of the National Security State, the catch-all term for the institutions (CIA, Department of Defense) established by... » Read more

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Get Ready... Change Is Upon Us

The 'economic peace' we've enjoyed for decades is over
Friday, November 11, 2016, 9:05 PM

At certain times, it’s really not that hard to predict "what" is going to happen next after disastrously short-sighted and self-interested policies are enacted. Predicting the "when", with precision, is much tricker. But obvious misguided economic policies are destined to have a limited period of apparent (but false) prosperity, after which they end with a nasty Bang!.

We have entered just such a time. This isn't a Trump vs Clinton thing; I'd make this claim regardless of who won this week's presidential election -- as our plight is much bigger than a single Administration. And my observation is that neither political party had much interest beyond some temporary election year lip-service to the economic plight of the middle class.

And by “middle class” I mean anybody not in the top 5% economic bracket. For those doing the math at home, that leaves the remaining 95% of us stuck in the meat grinder. » Read more

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We Risk Being Collateral Damage In The Neocon Lust For War

So much so that I've upped my personal preparations
Friday, October 28, 2016, 9:40 PM

Among the many conflicts that are boiling over, the one that concerns me the most -- by far -- is the West's very intentional efforts to demonize Putin specifically, and Russia generally.

Blatantly obvious propaganda is being used, most heavily by the very same (and unrepentant) main stream media outlets that were used the last time around -- when we ended up commencing a 'pre-emptive' war based on ginned-up intelligence that turned out to be wholly false. We owe it to ourselves not be so easily led this time around. » Read more

Insider

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The Second Presidential Debate

The demonization of Russia shifts into high gear
Monday, October 10, 2016, 10:00 PM

Look, I know that there are no great choices this time for the next President of the United States. Yet many people have decided which issues matter the most to them when the time comes to cast their vote, and I fully support each person’s chosen personal priorities.

It turns out, to my great surprise, I am a single issue voter this election. I’ve never been a single issue voter before. Usually I'm of the mind that it's a complex world, and many factors need to be weighted and balanced.

So, what’s my single issue? » Read more

Podcast

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James Howard Kunstler: Racketeering Is Ruining Us

Understanding why there are all those hands in your wallet
Monday, August 15, 2016, 9:33 PM

If you don't understand what's causing a particular problem, then it's pretty difficult to come up with an effective solution.

Author, commentator and longtime friend-of-the-site James Howard Kunstler returns to our podcast this week to discuss the importance of accurate diagnosis -- in this case, of the scourge he sees as accelerating America's downslide into economic and social decline: Racketeering. » Read more

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2015 Year In Review (Part 2)

A bonfire of the sanities
Friday, December 18, 2015, 9:35 PM
As regards the banks, we have come down from the trees but are not out of the woods yet.
 
The six biggest banks are ginormous—50% larger than they were at the previous high at the start of the crisis—but the sector was relatively quiet this year. Hundreds of billions in fines have been levied by various governmental Rainbow Coalitions.
 
As statutes of limitations began to run out, Eric Holder and authorities declared there would be no prosecutions of individuals responsible for the crisis.