Tags: Neo Feudalism

“Serfdom is the New Normal” – Talkin’ Oligarch Blues with Perpetual Assets

“Oligarchs like protecting themselves from peasants…”

– Gus Demos of Perpetual Assets

The guys at Perpetual Assets are not only fellow warriors in the struggle against oligarchy and fascism in the USSA, they are also friends. It’s been great getting to know them over the years, and working with them in this existential struggle we face.

The way in which they have chosen to make a difference is in hard-asset protection, which is why they started the company. With civil asset forfeiture currently in the spotlight, it’s worth remembering that there has been a marked rise not just in occurrences of civil asset forfeiture, but also in scope.  Any asset that you do not control is potentially at risk. One of the ways in which Perpetual Assets tries to help in this regard is to jailbreak your retirement account through an LLC IRA, with which you can even take home delivery of gold and silver bullion. Check out their tutorial on the process here.

Moving along, I think the following interview is one of the best I’ve ever done. It was more a discussion than anything else, and the range of topics discussed is incredibly expansive. From moats around the White House, to agent provocateurs. From the feasibility of anarchy, to the precious metals market. It has it all. Enjoy!

In Liberty,
Michael Krieger

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Welcome to the Recovery Part 2 – Washington D.C.’s Homeless Population Expected to Rise 16% in 2014

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Earlier this week, I published a post titled: Welcome to the Recovery – U.S. Child Homelessness Hits Record as Poverty in Mass. is Highest Since 1960. That was actually the second in a recent series of pieces highlighting the real world impact of this so-called “economic recovery,” which is now supposedly in its fifth or sixth year, despite having provided little or no benefit to the average citizen. The first in the series was: Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles.

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American Upper Middle Class Share of Wealth is Worse than Every Country Besides Russia and Indonesia

Screen Shot 2014-11-06 at 11.53.35 AMOne of Liberty Blitzkrieg’s most popular posts in 2013 was titled: How Does America’s Middle Class Rank Globally? #27. Here’s an excerpt:

We are number 1 right? USA! USA! No one can beat our wealth creation machine, our economic dynamism, our level playing field and our bastions of higher education. We have a middle class that is the envy of the world, right?

Well, like so much of the “American dream” we have been force fed for a generation or more, this perception is not based in reality whatsoever. Sure it may have been the case for a couple of decades immediately after World War 2. Before the military-industrial-Wall Street complex fully took over the political process, but it certainly isn’t true any longer. Myths die hard and this one is particularly pernicious because it prevents people from changing things.

The data in that article was based on a comprehensive study published by Credit Suisse titled Global Wealth Data Book. Well, the 2014 version is now out, and the results are not pretty.

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Child Poverty Jumps by 2.6 Million in Developed World Since 2008, While Number of Global Billionaires Doubles

Screen Shot 2014-10-30 at 2.04.27 PMTwo headlines came across my screen today, which taken together pretty much sum up the effects of policy decisions made by Central Bankers and politicians since the financial crisis. The financial oligarchs got bailed out, and the rich got richer due to decisions made by “leaders” around the globe. As such, the entire planet has now been transformed into a neo-feudal tinderbox. Myself and countless others warned all the way back to 2008 that this is what would happen, and here you have it.

Let’s first examine the results from Oxfam’s report on the billionaire growth spurt. I hope all 1,645 of you have sent thank you notes to the patron saint of oligarchy: Ben Bernanke. From NBC:

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United Serfs of America – Low Income Workers at Jimmy John’s Forced to Sign Noncompete Agreements

Screen Shot 2014-10-14 at 2.29.52 PMWhile oligarchs and corrupt politicians continue to loot the world with impunity, low income workers and the middle class continue to be pushed into a life of misery and serfdom under a neo-feudal plutocracy. The latest example has manifested itself under ridiculous noncompete clauses that low wage workers are being forced to sign at Jimmy John’s.

The Huffington Post notes that:

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New York Times Admits Wages Haven’t Grown in 15 Years, Worst Since Great Depression

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The following article from the New York Times is actually pretty awful. However, the admission that wages have failed to grow in 15 years is important. Particularly in light of the fact that we are five years into the second so-called “recovery” since the turn of the century. These are recoveries that only Joseph Goebbels could love.

While the wage growth stagnation observation is helpful, what’s so sad about the article is that rather than dive into the underlying systemic issues driving this horrible statistic, the author spends most of the article explaining why we should be optimistic. It’s a nice try, but when systemic issues aren’t being addressed from a systemic standpoint, things don’t just magically get better.

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Welcome to the Oligarchy – United States Leads the Developed World in Share of Low Wage Jobs

Screen Shot 2014-09-22 at 1.18.23 PMIn an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50 page research report, Morgan Stanley has put together some very interesting charts that were highlighted earlier today by MarketWatch.

While I suggest taking a look through all of the charts, none of them is more telling and depressing than the one that shows how the U.S. leads the developed world in the share of low wage jobs. See below:


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Poverty in the UK Doubles Over the Past 30 Years, Despite Robust “Economic Growth”

One of my favorite lines about the current oligarch theft continuing to occur throughout the world is courtesy of the “Artist Taxi Driver,” who likes to state:

“This is not a recession its a robbery.”

Truer words were never said, but this theft goes back a lot further than the latest economic catastrophe. As we all know by now, real median wages haven’t increased in the U.S. for the past 45 years, while at the same time, so-called economic growth according to traditional metrics has exploded higher. As yesterday’s article from the Guardian below demonstrates, this is not just an American problem. It is pervasive throughout the Western world.

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The Co-Op Movement – A Decentralized Solution to Solving Inequality and Avoiding Serfdom?

Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional collectives into self-governing, voluntarily co-operating groups, capable of functioning outside the bureaucratic systems of Big Business and Big Government.

-Aldous Huxley, in Brave New World Revisited (1958) 

As readers of this website are well aware, the entrenched power structure has proven itself unwilling to address any of the extreme fraud, crony capitalism and corruption that plagues the U.S. economy. As such, it has become increasingly clear to myself and countless others that the solutions we need must be grassroots and decentralized. I have personally made it a point to encourage people to take matters into their own hands, using whatever tools they have available to make the communities in which they live better for their families and their neighbors.

Of course, in a world in which power is ever increasingly concentrated in the hands of a very unenlightened egomaniacal handful of oligarchs, this seems like a daunting and near impossible task to many. Because so many Americans are simply consumed with making ends meet and putting food on the table, the concept of changing the world appears entirely unrealistic if not downright impossible.

The message I want to convey is that this is not the case. Whether it be decentralized competing currency systems, states rights initiatives such as legalizing marijuana (some pot convictions can now be overturned in Colorado), neighborhood farms, independent energy systems, the path toward localized solutions is the one I firmly believe we must follow.

To that end, I want to highlight this encouraging article from the New York Times titled, Who Needs a Boss?, which explores possibilities worker co-ops provide for workers everywhere. Not only is the pay far better, not only is work engagement considerably more robust, but it restores a sense of community and power to those involved. I think this is a model we should greatly expand upon, rather than looking for centralized solutions, which are merely band-aids placed upon a cancer.

Here are some excerpts from the New York Times:

If you happen to be looking for your morning coffee near Golden Gate Park and the bright red storefront of the Arizmendi Bakery attracts your attention, congratulations. You have found what the readers of The San Francisco Bay Guardian, a local alt-weekly, deem the city’s best bakery. But it has another, less obvious, distinction. Of the $3.50 you hand over for a latte (plus $2.75 for the signature sourdough croissant), not one penny ends up in the hands of a faraway investor. Nothing goes to anyone who might be tempted to sell out to a larger bakery chain or shutter the business if its quarterly sales lag.

Instead, your money will go more or less directly to its 20-odd bakers, who each make $24 an hour — more than double the national median wage for bakers. On top of that, they get health insurance, paid vacation and a share of the profits. “It’s not luxury, but I can sort of afford living in San Francisco,” says Edhi Rotandi, a baker at Arizmendi. He works four days a week and spends the other days with his 2-year-old son.

Arizmendi and its five sister bakeries in the Bay Area are worker-owned cooperatives, an age-old business model that has lately attracted renewed interest as a possible antidote to some of our most persistent economic ills. Most co-ops in the U.S. are smaller than Arizmendi, with around a dozen employees, but the largest, Cooperative Home Care Associates in the Bronx, has about 2,000. That’s hardly the organizational structure’s upper limit. In fact, Arizmendi was named for a Spanish priest and labor organizer in Basque country, José María Arizmendiarrieta. He founded what eventually became the Mondragon Corporation, now one of the region’s biggest employers, with more than 60,000 members and 14 billion euro in revenue. And it’s still a co-op.

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UK Think Tank Proposes Law to Restrict Foreign Oligarch Real Estate Speculation

When people ask how there can be no inflation with Central Banks printing so much money, all one has to do is look at what I refer to as “oligarch assets” and you’ll see massive inflation. The reason for this is that the only people getting access to the newly created money at 0% interest or through crony deals are oligarchs and well connected figures within the global plutocracy. While there is also plenty of inflation for consumer goods (often times hidden in smaller package sizes and phony components), it is nothing like the tremendous price gains in assets oligarchs covet.

As most of my readers know by now, one such asset is high-end London real estate. In fact, oligarchs and cronies are scooping up London real estate at such a frantic pace that the regular peasants are being forced out of their own city. Even worse, many of these “investment properties” sit unfurnished and empty, merely another trophy home to top off the oligarch portfolio.

I’ve covered this oligarch buying trend on several occasions in the past (it’s also happening in the U.S.), and I believe it is only a matter of time before the public becomes angry enough to put a stop to it. We may be witnessing the start of such a trend at this time with the publication of the report Finding Shelter by think tank Civitas. While this is just a proposal and far from law, I do expect such laws ultimately to be passed globally in various jurisdictions in which the oligarchs are distorting prices and making every day life unaffordable and miserable.

Some key points from the report are:

  • 85% of prime London property purchases in 2012 were made with overseas money.
  • Problem is not confined to the top end of the market. Over the past two years only 27% of new homes in central London went to UK buyers, while more than half were sold to residents of Singapore, Hong Kong, China, Malaysia and Russia.
  • Two-thirds of homes bought by people from overseas were not purchased for owner-occupation but as investments.

From the Guardian:

Radical plans to stop rich overseas residents who live outside the EU buying British houses – as well as tight restrictions on them acquiring “newbuild” properties as investments – will be published in a report by a leading rightwing thinktank on Monday.

Free-market organisation Civitas castigates government ministers for allowing wealthy foreign investors to stoke a property boom that it says is driving up prices and locking millions of UK citizens out of the housing market.

The plans would prevent the likes of Roman Abramovich, owner of Chelsea football club, or other Russian oligarchs from adding to their multimillion-pound UK portfolios. They also aim to stem a flood of investment from countries such as China, Malaysia and Singapore.

Concerned that many middle and lower earners are being forced to pay high rents in London because they can’t afford to buy, Civitas calls on ministers to adopt a scheme similar to one operating in Australia, which ensures that no sale can take place to overseas buyers unless they can show that their investment will add to existing housing stock.

Such a system would mean that no existing home could be sold to a buyer from outside the EU, and that such buyers could acquire newbuild homes only if their investment led to one or more additional properties being built.

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