Karma covers a lot of ground, but it boils down to consequences: consequences not just from your actions but from your convictions, schemes, obsessions, and yes, dogmas.
The reason why Karma runs over Dogma is that nobody clinging to a dogma sees themselves as dogmatic. The true believer never sees their conviction as dogma, but as Revealed Truth, as self-evident, a view that is buttressed by all the other True Believers who surround the believer, reinforcing their conviction and soothing any nagging doubts by mocking, “debunking” or marginalizing heretics and critics.
In our society, the mass media serves as a soothing echo-chamber of dogmas. It must be true, the news anchor said it on TV, etc.
Dogmas generate power and profits. Trillions of dollars flow into a few pockets because people believe the dogmas that “you need a college diploma to succeed” and “America’s healthcare system is the best in the world.”
As evidence-based doubts seep in, those at the top of the “faith” who have the most to lose become increasingly fanatical and rabid, pushing an increasingly restrictive Orthodoxy on true believers and establishing an Inquisition to excommunicate or eliminate any heretical doubts or dissenting views.
In this episode of the Keiser Report, Max and Stacy discuss the demise of the European banks as “time no longer has a price,” according to German newspaper Die Welt. With negative interest rates, the ECB has upended the simple and profitable business model of borrowing short and lending long. In the second half of the show, Max interviews Nik Bhatia of OpenNode.co and Tantra Labs about the time value of money and how it applies to bitcoin. They also discuss the latest in the repo markets and which bank could be insolvent.
Big Tech claims it isn’t silencing skeptics, dissenters and critics of the status quo, but it is silencing us. Here’s how it’s done. Let’s start with Twitter. Twitter claims it doesn’t shadow ban (Setting the record straight on shadow banning), which it defines as deliberately making someone’s content undiscoverable to everyone except the person who posted it, unbeknownst to the original poster.
Nice, but what do we call labeling legitimate websites “unsafe” and banning Twitter users from retweeting links to posts on those sites? This is what’s happening to oftwominds.com– Twitter has labeled this site “unsafe” due to unspecified violations of the Twitter User Agreement, which I have reviewed and can categorically state the oftwominds.com site and posts have never violated the terms of the Agreement or the Twitter Rules, except if posting several tweets that contain the URL of my current post somehow violates the Rules. (If bloggers can’t list the URL of their original content more than once a day, then the Twitter Rules are prejudicial and should be amended.)
Note that Twitter doesn’t identify or provide the user with evidence of the violation of its User Agreement that justifies the “unsafe/can’t retweet” shadow-banning. The process of contesting such arbitrary and opaque censorship is absurdly unsatisfactory. There is no form for content owners/Twitter users to contest being tossed in the “unsafe/can’t retweet” gulag; users must click through a bunch of “contact us” screens, none of which have an option for contesting being tossed in the “unsafe/can’t retweet” gulag.
When you give up and just send Twitter Support a “report on spam,” i.e. that your own site is wrongly being labeled spam, you get (of course) an automated response in which Twitter promises to do nothing and tell you nothing.
If original content that is obviously not violating the Terms of Service/User Agreement can be arbitrarily banned from being retweeted without any evidence or due process, how is this not censorship? This is straight out of Kafka: an unaccountable, all-powerful, completely opaque bureaucracy arbitrarily bans your Twitter followers from retweeting a link to your original, copyrighted content.How is that not flat-out censorship (by a privately owned and operated entity with extra-legal powers)?
This is exactly like the Soviet Union, where citizens were routinely tossed in the gulag for having “anti-Soviet thoughts.”
The financial storm clouds are gathering, and no, I’m not talking about impeachment or the Fed and repo troubles–I’m talking about much more serious structural issues, issues that cannot possibly be fixed within the existing financial system.
Yes, I’m talking about the cost structure of our society: earned income has stagnated while costs have soared, and households have filled the widening gap with debt they cannot afford to service once the long-delayed recession grabs the economy by the throat.
Everywhere we look, we find households, enterprises and local governments barely able to keep their heads above water–in the longest expansion in recent history. This is as good as it gets, and we’re only able to pay our bills by borrowing more, draining rainy-day funds or playing accounting tricks.
So what happens when earned income and tax revenues sag? Households, enterprises and local governments will be unable to pay their bills, and borrowing more will become difficult as the financial markets awaken to the re-emergence of risk: as shocking as it may be in the era of Central Bank Omnipotence, borrowers can still default and lenders can be destroyed by the resulting losses.
The era of Central Bank Omnipotence has been characterized by two things:
In this episode of the Keiser Report from Riga, Latvia, Max and Stacy look at the mad ideas being floated by the mad men of the elite to address the problems caused fundamentally because of mad money-printing economics. From Bill Gates’ ‘chemical cloud’ to a Swedish economist’s idea of resorting to cannibalism, the ‘solutions’ for climate change they offer have some gruesome side effects. They also discuss the mad idea and dangerous consequences of negative rates and more money printing as Christine Lagarde takes control of the printing presses at the ECB.
In the second half, Max talks to bitcoin podcaster Stephan Livera about Austrian economics and the key developments in bitcoin.
When the ruling Elites sense their control of the populace is waning, they seek to regain full control via the imposition of a strict Orthodoxy, enforced by an Inquisition. We are living in just such an era. Everywhere we turn, a New Orthodoxy reigns. Dissent is blasphemy, and any narratives outside the approved Orthodoxy are heretical and subject to suppression and punishment.
New Orthodoxies abound, and woe to those who fail to signal their virtue publicly. One New Orthodoxy is that one’s sexual and ethnic characteristics are all-important signifiers of identity. This orthodoxy is critically important to the ruling Elites, as this fragments the populace into tribes warring over their relative degree of victimhood and indignation.
This orthodoxy insures the populace can never gain class consciousness, i.e. an awareness that the ruling Elites and their apparatchiks (the Federal Reserve, Big Tech, the security agencies, et al.) are their class enemies, as the Elites rule at the expense of everyone beneath them.
In this episode of the #KeiserReport, Max and Stacy, in their latest episode from Paris, mark the beginning of their ten year anniversary by looking back on where it all started. From autumn of 2009, it started with the very first episode about the late Danny Schechter’s film, PLUNDER: THE CRIME OF OUR TIME. Ten years later this still holds true both in the real economy where the world continues to suffer from the quantitative easing and other extraordinary measures taken to bailout the banks after their plunder and on the Keiser Report where the ongoing plunder and the rolling aftermath unfold in headlines across each episode. They then turn to their conversation with #MattTaibbi from one of the show’s first ever episodes about the naked short selling swindle. They then conclude with a look at the Global Insurrection Against Banker Occupation (#GIABO) that continues to this day for the same (mostly) unprosecuted crimes outlined since episode one.
All eyes are again on the Federal Reserve, as everyone understands that the Fed is the market— the stock market, the bond market, the art market, the housing market, etc. All markets have been driven higher by one force: central bank money creation and distribution to the financial sector of financiers and corporations, the richest of the rich.
What few seem to grasp (because they’re paid not to?) is the Fed is powerless over what actually matters in a healthy economy:
Predictably, the mainstream media is serving up heaping portions of reassurances that the drone attacks on Saudi oil facilities are no big deal and full production will resume shortly. The obvious goal is to placate global markets fearful of an energy disruption that could tip a precarious global economy into recession.
The real impact isn’t on short-term oil prices, it’s on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy.
(Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each.)
The attack’s success should be a wake-up call to everyone tasked with defending highly flammable critical infrastructure: there really isn’t any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb.
When you discover rot in an apparently sound structure, the first question is: how far has the rot penetrated? If the rot has reached the foundation and turned it to mush, the structure is one wind-storm from collapse.
How deep has the rot of corruption, fraud, abuse of power, betrayal of the public trust, blatant criminality and insiders protecting the guilty penetrated America’s key public and private institutions? It’s difficult to tell, as the law-enforcement and security agencies are themselves hopelessly compromised.
If you doubt this, then please explain how 1) the NSA, CIA and FBI didn’t know what Jeffrey Epstein was up to, and with whom; 2) Epstein was free to pursue his sexual exploitation of minors for years prior to his wrist-slap conviction and for years afterward; 3) Epstein, the highest profile and most at-risk prisoner in the nation, was left alone and the security cameras recording his cell and surroundings were “broken.”
If this all strikes you as evidence that America’s security and law-enforcement institutions are functioning at a level that’s above reproach, then 1) you’re a well-paid shill who’s protecting the guilty lest your own misdeeds come to light or 2) your consumption of mind-bending meds is off the charts.
The prospects for further gold and silver price appreciation has rarely looked this strong.
Despite the nice jump in price gold, silver and the mining stocks have enjoyed so far this year, we’re still in the early innings (perhaps still the first!) of this new precious metals bull market. If history is any guide, the real action still lies ahead.
In fact, if the early 2000s bull run is any guide the average gold stock will multiply four times from current levels — and the better ones could go up 10 times or more.
This week, we aired a live webinar with several of the top experts on resource investing focused on how to position for (and not screw up!) the tremendous price appreciation wave that likely lies ahead for this sector.
It’s featured faculty were Rick Rule, president & CEO of Sprott US Holdings and renowned resource investor; Chris Martenson PhD, economic analyst and co-founder of PeakProsperity.com; and Brien Lundin, editor of the world’s oldest precious metals newsletter and producer of the world’s longest-running investment conference.
The implicit narrative of the latest rally in stocks is that this is just another normal rally in the ongoing 10-year long Bull market. Nice, but do these three charts look “normal” to you? Let’s take a quick glance at a daily chart of the S&P 500 (SPX), a weekly chart of TLT, the exchange-traded fund of the US Treasury 20-year bond, and silver.
In other words, let’s look at three different assets: stocks, bonds and one of the precious metals.
Even the most cursory glance reveals there is nothing normal about any of these charts. The recent action in the SPX is anything but normal: yet another announcement of yet another (low-level nothing-burger) trade meeting opens a gap big enough for a semi to drive through, punching through the upper Bollinger Band, and on the heels of a previous big gap up, also on no fundamental news.