Majorityrights News > Category: Economics & Finance

A Covid Operation

Posted by DanielS on Sunday, 19 July 2020 06:46.

The COVID Coup

And how to unlock ourselves.

by Angelo Codevilla for The American Mind, 17 July 2020:

Panicked by fears manufactured by the ruling class, the American people assented to being put essentially under house arrest until further notice, effectively suspending the habits, preferences, and liberties that had defined our way of life. Most Americans have suffered economic damage. Many who do not enjoy protected status have had careers ended and been reduced to penury. Social strains and suicides multiplied. Forcibly deferring all manner of medical care is sure to impose needless suffering and death. In sum, the lockdowns’ medical and economic dysfunctions make for multiples of the deaths and miseries of the COVID-19 virus itself.

Outside of the few who have gained (and are still gaining) power and wealth from the panic, Americans are asking what it will take to end this outrage—not to modify it with any “new normal” decided by who knows whom, on who knows what authority. Since no one in authority is leading those who want to end it, Americans also wonder who may lead that cause. What follows suggests answers.

What history will record as the great COVID scam of 2020 is based on 1) a set of untruths and baseless assertions—often outright lies—about the novel coronavirus and its effects; 2) the production and maintenance of physical fear through a near-monopoly of communications to forestall challenges to the U.S.. ruling class, led by the Democratic Party, 3) defaulted opposition on the part of most Republicans, thus confirming their status as the ruling class’s junior partner. No default has been greater than that of America’s Christian churches—supposedly society’s guardians of truth.

Truth

Truth Since obfuscation, pretense, and lies concerning the COVID-19 are the effective agents of the panic and of the seizure of arbitrary power, truth and clarity about it are the foundational requirements for escaping its effects. Here is a dose.

From early March 2020 on, the best-known authorities on epidemics—the World Health Organization and the U.S. Centers for Disease Control—presented the COVID-19 respiratory disease to the Western world as a danger equivalent to the plague. But China’s experience, which its government obfuscated, had already shown that the COVID-19 virus is much less like the plague and more like the flu. All that has happened since followed from falsifying this basic truth.

Our “best and brightest,” at first having minimized fears of person-to person contagion during January and February, during which the disease spread from China to the West, then declared that the virus is unusually contagious, and posited—on zero factual basis—that it would kill up to one in twenty persons it infected—5% infection/fatality rate (IFR). Based on that imagined fatality rate, they adopted mathematical models from Britain and the University of Washington that predicted that up to two million Americans would die of it.

The U.S. Institute for Health Metrics and Evaluation (IHME) modeled the authoritative predictions on which the U.S. lockdowns were based. Its model also predicted COVID deaths for un-locked-down Sweden. On May 3 it wrote that, as of May 14, Sweden would suffer up to 2800 daily deaths. The actual number was below 40. Whether magnifying this falsehood was reckless or willful, it amounted to shouting “fire!” in a crowded theater. What justifies listening to, and paying, people who do that kind of science?

Establishing any infectious disease’s true lethality is characteristically straightforward: test a large sample of the population proportionately representative of location, age, sex, race, socioeconomic categories. Follow up with the subjects a month later to add up the rate of infections and learn the results thereof. Period. Today, we still lack this definitive, direct knowledge of COVID’s true lethality because bureaucrats have prevented widespread testing for the purpose of firmly establishing the one figure that matters most. That is because that figure’s absence allows them to continue fearmongering.

For the full and rest of this article proceed to The American Mind, 17 July 2020:


Meet BlackRock, the New Great Vampire Squid

Posted by DanielS on Sunday, 21 June 2020 05:00.

Meet BlackRock, the New Great Vampire Squid

Ellen Brown for UnzReview 21 June 2020:

BlackRock is a global financial giant with customers in 100 countries and its tentacles in major asset classes all over the world; and it now manages the spigots to trillions of bailout dollars from the Federal Reserve. The fate of a large portion of the country’s corporations has been put in the hands of a megalithic private entity with the private capitalist mandate to make as much money as possible for its owners and investors; and that is what it has proceeded to do.

To most people, if they are familiar with it at all, BlackRock is an asset manager that helps pension funds and retirees manage their savings through “passive” investments that track the stock market. But working behind the scenes, it is much more than that. BlackRock has been called “the most powerful institution in the financial system,” “the most powerful company in the world” and the “secret power.” It is the world’s largest asset manager and “shadow bank,” larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. BlackRock has also been called “the fourth branch of government” and “almost a shadow government”, but no part of it actually belongs to the government. Despite its size and global power, BlackRock is not even regulated as a “Systemically Important Financial Institution” under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials.

BlackRock’s strategic importance and political weight were evident when four BlackRock executives, led by former Swiss National Bank head Philipp Hildebrand, presented a proposal at the annual meeting of central bankers in Jackson Hole, Wyoming, in August 2019 for an economic reset that was actually put into effect in March 2020. Acknowledging that central bankers were running out of ammunition for controlling the money supply and the economy, the BlackRock group argued that it was time for the central bank to abandon its long-vaunted independence and join monetary policy (the usual province of the central bank) with fiscal policy (the usual province of the legislature). They proposed that the central bank maintain a “Standing Emergency Fiscal Facility” that would be activated when interest rate manipulation was no longer working to avoid deflation. The Facility would be deployed by an “independent expert” appointed by the central bank.

The COVID-19 crisis presented the perfect opportunity to execute this proposal in the US, with BlackRock itself appointed to administer it. In March 2020, it was awarded a no-bid contract under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to deploy a $454 billion slush fund established by the Treasury in partnership with the Federal Reserve. This fund in turn could be leveraged to provide over $4 trillion in Federal Reserve credit. While the public was distracted with protests, riots and lockdowns, BlackRock suddenly emerged from the shadows to become the “fourth branch of government,” managing the controls to the central bank’s print-on-demand fiat money. How did that happen and what are the implications?

Rising from the Shadows

BlackRock was founded in 1988 in partnership with the Blackstone Group, a multinational private equity management firm that would become notorious after the 2008-09 banking crisis for snatching up foreclosed homes at firesale prices and renting them at inflated prices. BlackRock first grew its balance sheet in the 1990s and 2000s by promoting the mortgage-backed securities (MBS) that brought down the economy in 2008. Knowing the MBS business from the inside, it was then put in charge of the Federal Reserve’s “Maiden Lane” facilities. Called “special purpose vehicles,” these were used to buy “toxic” assets (largely unmarketable MBS) from Bear Stearns and American Insurance Group (AIG), something the Fed was not legally allowed to do itself.

BlackRock really made its fortunes, however, in “exchange traded funds” (ETFs). It gained trillions in investable assets after it acquired the iShares series of ETFs in a takeover of Barclays Global Investors in 2009. By 2020, the wildly successful iShares series included over 800 funds and $1.9 trillion in assets under management.

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How Trump Can Fix The Network Censorship

Posted by DanielS on Sunday, 07 June 2020 21:32.


Anthony Migchels on the strategy of the Powers That Be regarding C-19, the public and money.

Posted by DanielS on Wednesday, 27 May 2020 06:05.

While there is no doubt that The Powers That Be will exploit the C-19 epidemic for all it’s worth, up to their usual tricks of consolidating wealth to themselves and allocating some to racial sell-outs, squeezing out the middle, aspirational White class who might challenge them directly, those Whites who are being squeezed out of the middle class provide a recruitment opportunity for White Unionization.

Let’s take a look back at Anthony’s take on C-19 to see how his assessments hold up:

Interview: In Case You Haven’t Noticed, This Is A Bolshevist Takeover West Wide

by Anthony Migchels, Real Currencies, 23 Mar 2020:

The Corona virus is a diversion for the controlled demo of the Petro-dollar. Expect great suffering until the Money Power is overcome.

Solution? Anthony Migchels https://realcurrencies.wordpress.com/ has a usuryFree monetary unit called the Florijn in Holland.

A total Bolshevist take over is taking place. West wide. Under the guise of ‘Corona’.

It’s the New World Order implementing Agenda 2030 and their ‘Communitarianism’, which is just Communism 2.0.

They are creating a double whammy on the economy: Financial Collapse, which started in September last year, with massive money printing. Back then it was 75 Billion per day. Next a few hundred billion.

Just the other day, the Fed stated they are now bailing out the repo market to the tune of……….$1 TRILLION……………….per day!!

Maybe all the new experts about ‘exponential growth’ can calculate what that is doing to the Dollar.

Meanwhile, they’re just shutting down the real economy. Just destroying the livelihoods of millions of people all over the West, locking down entire sectors, offering 1000 bucks (1500 Euro’s in Holland) to make ends meet in the months ahead in exchange.

Aren’t they great? Is Big Brother not reaching out? Is it any wonder that the multitude are very grateful? Getting saved from The Bug, and next getting a hand out too?

Sadly, reality landing won’t take long. A few thousand Fed bucks are not going to replace weeks and months of real production.

The US Economy is projected to implode with 14% next quarter. Talk about torching the place.

It is not going to seriously console millions of newly unemployed. Bankrupt small business.

The main target, as always, is the West. America in particular.

This is what many have been waiting for, for a long, long time. We will be facing many major shocks, that will send people reeling in similar ways as this stupid bug. Many will crack under the pressure.

Things under discussion:

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Another Bank Bailout Under Cover of a Virus

Posted by DanielS on Wednesday, 20 May 2020 10:56.

Photo: Nathaniel St. Clair

Another Bank Bailout Under Cover of a Virus

by ELLEN BROWN for Counter-Punch, 20 May 2020:

When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks failed, they would be subject to “bail ins” – the funds of their creditors, including their large depositors, would be tapped to cover their bad loans.

But bail-ins were tried in Europe, and the results were disastrous.

Many economists in the US and Europe argued that the next time the banks failed, they should be nationalized – taken over by the government as public utilities. But that opportunity was lost when, in September 2019 and again in March 2020, Wall Street banks were quietly bailed out from a liquidity crisis in the repo market that could otherwise have bankrupted them. There was no bail-in of private funds, no heated congressional debate, and no public vote. It was all done unilaterally by unelected bureaucrats at the Federal Reserve.

“The justification of private profit,” said President Franklin Roosevelt in a 1938 address, “is private risk.” Banking has now been made virtually risk-free, backed by the full faith and credit of the United States and its people. The American people are therefore entitled to share in the benefits and the profits. Banking needs to be made a public utility.

The Risky Business of Borrowing Short to Lend Long

Individual banks can go bankrupt from too many bad loans, but the crises that can trigger system-wide collapse are “liquidity crises.” Banks “borrow short to lend long.” They borrow from their depositors to make long-term loans or investments while promising the depositors that they can come for their money “on demand.” To pull off this sleight of hand, when the depositors and the borrowers want the money at the same time, the banks have to borrow from somewhere else. If they can’t find lenders on short notice, or if the price of borrowing suddenly becomes prohibitive, the result is a “liquidity crisis.”

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Sweden’s Nobel Savages: Right Wing Complicity in Our Demise

Posted by DanielS on Sunday, 17 May 2020 05:01.

Despite his rather assigned position to cover things from an Alternative Right angle - circa 2015 of the article being featured below - and moving from that misdirection-op to an even more kosher “Affirmative Right” position now, for his journalistic rigor Colin Liddell does a fine job of exposing right wing complicity in its dovetail with liberal “progressivism” for a halo of innocence in the project of our destruction.

And while Dissident Rightism, the Affirmative Right, whatever Right, dutifully follows the Alt-Right’s program to co-opt White reaction and direct it with elite Jewish interests, as such going along with a (((Madison Ave.))) characterology of “the left” as the enemy, with all the abuses and distortions of the necessary hypothetical end of inquiry that it can invoke from its pre-intersectional anti-White Marxist and cultural Marxist sophomore coalitions in perpetuating loop with tenured professors, a hypothetical end of inquiry that would otherwise be left to our autonomous group systemic governance to be corrected with rigorous feedback on normal calibration of working hypotheses (praxis/our group), instead the calibration of group interests are misleadingly labeled “THE Left”, its characterized minions called “social justice warriors” ...misleading labels for what is to us, liberalism (anti-our-White-groups/anti-White ethnonational left unionization) or the international, anti-White left and its coalition of anti-White advocacy groups, as if Whites should have a problem with social justice, be repulsed by it, and not unionize in the interests of our justice and a more sustainable justice in relation to others.

It is worth a look thus, even though it is not that time of year again, since right wing and liberal complicity with YKW antagonism remains a perennial concern:

NOBEL SAVAGES

by Colin Liddell, Affirmative Right, originally published 11 Oct 2015:

It’s that time of year again, when a few forgotten scientists, a largely unread writer, and some organization or individual that may or may not have done something for World Peace are given Nobel prizes. The actual awards ceremony usually comes in December, but just so the winners have enough time to book a flight to Stockholm and rent a tux, the announcements are made round about this time. But is the Nobel Prize what it seems, or is it the manifestation of something a lot more sinister?

Most people take it at face value, seeing it as a fitting conclusion to some presumably worthy scientific (or other) career – although most remain oblivious as to why this or that individual should win it over their peers. Most also remain decidedly foggy on how the prize winners are actually selected, both officially and with regard to the behind-the-scene string pulling and other factors that no doubt tip the scales this way or that.

But to see the Nobel Prize merely as an innocent award is to take it on its own terms, and thus to have your perceptions framed and shaped by it. This means you accept its projected image: as a fair and objective expression of “the progressive spirit of mankind” (a nebulous concept with admixtures of other nebulous concepts: ‘science,’ ‘peace,’ ‘excellence,’ ‘univeralism,’ etc.), and you also accept the implied association of this “positive” image with Scandinavia in general and Sweden in particular, without giving it too much thought. In short, the Nobel Prize is subtle, under-the-radar, positive brainwashing for Sweden.

The positive associations of Sweden (and Norway, which bestows the peace prize) are delicately dripped into the heads of the masses year-after-year with the same gentle pulse of propaganda in the weeks leading up to Xmas. They are subtly reminded that, yes, there is a place somewhere where progress is king, dedicated to the never-ending improvements of humanity and the bright, brilliant future that awaits us all some day.

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“Time is on their side, yes it is…”

Posted by DanielS on Wednesday, 13 May 2020 05:00.

      Dennis Dale   “Unteathered”

“Time is on their side, yes it is…”

Dennis Dale, Sunday, May 10, 2020:

The one thing the layman can trust is he can’t trust the experts. Because they don’t trust him.

Experts, if they aren’t fake or paid shills, come with a particular professional bias as well as the general contemporary bias by which Western elites are alienated from the common man.

There’s a pattern crises follow now: campaigns of misinformation, opportunistic looting by financial actors, the consolidation of power in the hands of the people who as often as not are responsible, and ending with society’s energies diverted to a cause with little or no relationship to the original crisis. A cause to which the people themselves may have no relationship or interest—the 2003 Iraq War is a stark model.

The first significant action taken in the current crisis (as opposed to significant inaction) was a campaign of misinformation. Faced with the very real prospect of a run on medical-quality face masks the experts lied to us about their effectiveness.

It’s not their fault, you might say; fault the outsourcing of the manufacture of basic medical equipment. But that misinformation campaign about masks was nestled like a Russian doll in a greater misinformation (or just mis-informed) campaign—that our hospitals would be overwhelmed with corona virus patients.

How many lives were lost to this? How much time was lost? Might we have avoided the shutdown and the coming economic depression if we had a system capable of honest action in the public interest?

Squint through the snowstorm of information and look into the heart, such as it is, of the elitist: aside from his objective appraisal of the current crisis (leaving aside his atrophied capacity for objectivity in the Current Year) what about the shutdown appeals to him, emotionally? He sees it as a crude device for a crude people—us. Faced with the prospect of formulating a set of rules for going about life and business or just telling the dumb bastards (us) to stay home, they opted, of course, for the latter.

They want you to “shelter in place” because they don’t trust you to carry out basic instructions.

Common to all crises now is the absence of accountability. Let’s not expect it. But it’s becoming increasingly suggestive the still-touted strategy of shutting down is misguided and may even be counter productive.

...numerous epidemiological studies have shown that infection rates for C19 are higher when people are exposed to it for prolonged periods in confined spaces. Locking people up in their homes is probably the worst thing you could do if you wanted to reduce the infections and the duration of the outbreak.

This is well known to the World Health Organisation. In their joint study with Chinese authorities, published in February, the WHO stated that airborne spread wasn’t reported for C19 and was not considered to be a method of transmission.

They found that most infections occurred within families where the chance of infection was as high as 20%. However, the chance of infection in the community was estimated to be between 1-5%

The elite’s reaction to the crisis was delayed and dishonest; so will be any reaction to the present strategy failing—recognition of which censorship will delay as long as it can. The media can be expected now to portray the inevitable waning of the pandemic as a vindication of the shutdown. This too will delay any abandonment of the strategy.

But for other reasons they are in no hurry. The shutdown hurts the little people, for whom it is crafted. It’s like a flood threatening to leave only the commanding heights above water.

The shutdown strategy retains the support of the experts, so the typical bugman can enjoy the disparate impact it has on the middle and working classes without feeling guilty. Indeed, he unthinkingly plugs it directly into his psychological matrix of understanding: it is a case of us dummies ignoring “science” and valuing “jobs” over “lives”.

That it accelerates the dis-empowering of certain people is inevitable, he might say (not that anyone is asking) like globalization and white decline.

Whatever the case, if wealth and cultural status are to remain wildly uneven in the favor of those in charge, the shutdown will have to be uniform across the country.

Why, you might ask, would Bakersfield, with its dearth of cases, have to observe the same drastic measures as Manhattan, and go down the drain of economic decline?

Because if New York, with its vast importance to the status quo we call Globo Homo, is to be shut down for months (because it’s acquired a nasty virus, as a result of being the center of Globo Homo) then by God so must the rest of the nation. We can’t have people and business, the very power, of New York migrating out to the hinterlands! Therefore a crude strategy must become cruder still.

Meanwhile some people are doing extremely well in the current atmosphere. The Daily Mail:

American billionaires are enjoying multi-million dollar increases to their net worth as the country’s unemployment levels rise to record highs amid the coronavirus lockdowns

Eight ‘pandemic profiteers’ have seen their net worth surge by over $1billion each since the start of the global pandemic.
Amazon founder Jeff Bezos, 56, has added $25billion to his own wealth since January 1, 2020, as the company’s staff protest their poor working conditions and he makes a return to the company’s day-to-day running.

According to a report from the Institute for Policy Studies, American billionaires added $282billion – nearly a ten percent increase – to their combined wealth between March 18 and April 10, as the U.S. unemployment rate approached 15 percent.

Time is on the side of the powerful.


West, Russia Face Off in Belarus Over Baltic–Black Sea Waterway Project

Posted by DanielS on Tuesday, 05 May 2020 05:18.

West, Russia Face Off in Belarus Over Baltic–Black Sea Waterway Project

The Jamestown Foundation for Global Research and Analysis

Publication: Eurasia Daily Monitor Volume: 17 Issue: 58. April 28, 2020, By Paul Goble

Plans for a new Baltic–Black Sea waterway, passing through Ukraine, Belarus and Poland, have the potential to revolutionize the geopolitics of Europe’s East as well as exacerbate East-West tensions (see EDM, February 18). The European Union has labeled the project “E40,” and the United States has signaled its support. And were the E40 waterway to be incorporated within the broader regional framework of the Three Seas Initiative (3SI), the transit project would not only help the economies of all three participating countries and their neighbors but also promote trilateral cooperation on other issues, including security, and make each one of them more attractive partners for the West. This development would thus transform the frequently dismissed “countries in between” Russia and Western Europe—the geopolitical equivalent of “flyover states”—into a unified, collective player in its own right. Not surprisingly, such prospects are gaining support in the US and part of the EU but generating ever more opposition in Moscow. Russia rightfully views E40 as a threat to its influence in the region and even, according to some analysts, as an existential threat to Russia itself. Nonetheless, Moscow faces increasing difficulty in blocking the project by using the means it has employed in the past (Ura.news, Sept 14, 2019; Deutsche Welle—Russian service, Sept 14, 2019).

For a century, Moscow has been leery of any efforts to promote East European unity, viewing them as an attempt to erect a cordon sanitaire against it and as a Polish plot against Russia. Indeed, Poland took the lead in such projects in the 1920s and 1930s with its Promethean League and regional confederal arrangements (Marek Chodakiewicz, Intermarium: The Land Between the Black and Baltic Seas, 2012). After World War II, however, the idea faded due to Soviet occupation and the division of Europe, which prompted all involved to think only in East-West terms rather than in the potential for North-South cooperation. After the collapse of the Soviet Union, the notion again became realistic but gained relatively little traction at first because Central and Eastern Europeans saw their salvation in joining the West. In addition, many Westerners drew a new line between the former Eastern Bloc countries (including the three Baltic States and the former Yugoslavia) and the new republics that emerged from the disintegration of the Soviet Empire. Few in the West gave much consideration to the notion of there existing a larger region straddling both sides of this new dividing line.

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