Tags: Oligarchy

Neo-Feudalism Has Officially Arrived – Congressman Suggests Building a Moat Around White House

Screen Shot 2014-11-19 at 1.46.23 PMWhat has been occurring over the past several years is not a recovery, rather, it’s a painful transition of the U.S. into a neo-feudal society. Earlier this week in the post, Welcome to the Recovery – U.S. Child Homelessness Hits Record as Poverty in Mass. is Highest Since 1960, I wrote:

While the general population is aware something is seriously wrong, people remain extremely confused about the root of the problem. This is because what’s happening all around us isn’t socialism and it isn’t free market capitalism. It is actually a return to something much more ancient and much more oppressive. It is a return to serfdom, neo-fedualism and oligarchy.

Well now we have definitive proof. It can’t get any more in your face than this.

From MarketWatch:

WASHINGTON (MarketWatch)—Faced with an increasing number of White House intrusions that led to the resignation of a Secret Service director, a congressman on Wednesday suggested that maybe a moat should be erected around the president’s home.

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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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How the IRS and Department of Homeland Security are Expanding Undercover Work (IRS Agents Can Even Pose as Clergy)

Screen Shot 2014-11-17 at 3.40.39 PMThose guidelines apply only to the law enforcement agencies overseen by the Justice Department. Within the Treasury Department, undercover agents at the I.R.S., for example, appear to have far more latitude than do those at many other agencies. I.R.S. rules say that, with prior approval, “an undercover employee or cooperating private individual may pose as an attorney, physician, clergyman or member of the news media.”

Across the federal government, undercover work has become common enough that undercover agents sometimes find themselves investigating a supposed criminal who turns out to be someone from a different agency, law enforcement officials said. In a few situations, agents have even drawn their weapons on each other before realizing that both worked for the federal government.

- From the New York Times article: More Federal Agencies Are Using Undercover Operations

If this article doesn’t prove to you without a shadow of a doubt what the prosecutorial priorities of the U.S. federal government are I don’t know what will. I have been railing for years on this site about how the rule of law is dead and buried in the USA. How the “justice” system is targeting average citizens for non crimes, while allowing the large financial criminals responsible for destroying the global economy to get off on DPAs, or deferred prosecution agreements originally crafted to deal with juveniles (see: The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally).

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Chart of the Day – This is What Neo-Feudalism Looks Like

I got this from Naked Capitalism. Before presenting the chart, here are some words to bear in mind from Yves Smith:

Short omits some key elements from his discussion. One is that until recently, a profit share of GDP of 6% was perceived to be a cyclical peak; no less than Warren Buffet deemed a higher level to be unsustainable. And in fact, we see an explosion of profit share from 6% to 10% of GDP in the runup to the crisis, roughly from 2003 to 2007. The “rescue the banks and financial markets” measures succeeded in bringing the profit share back to its pre-crisis levels, at the expense of workers.

Notice the inflection point in profit share is 1987, when Greenspan became Fed chairman. Correlation may not be causation, but the timing is almost exact.

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Ex-NYC Mayor Mike Bloomberg on Dodd-Frank: “The Government Should Have Let the Industry Craft the Bill”

Screen Shot 2014-11-12 at 10.35.10 AMThis week has been the week of the ill advised oligarch quote. It all started quietly enough, with Las Vegas Sands CEO and crony Republican godfather, Sheldon Adelson, expressing his disdain for both journalism and democracy, all in one quaint little conference in which participants debated how quickly and how severely Iran should be bombed into the stone age.

Then we had the architect of Obamacare, the consummate oligarch minion, Jonathan Gruber, admit that the law was deliberately crafted deceptively in order to fool the “stupid” American public.

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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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113 Federal Reserve Staff Members Make $250,000 Annually

Screen Shot 2014-10-17 at 2.14.18 PMJust in case you need another reason to dislike the thieving Federal Reserve. From Reuters:

(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.

Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke.

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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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The Status Quo Playbook Beyond 2014: Corporate Regulations, Professional Politicians and the Strip Mining of Sovereign Assets

Screen Shot 2014-09-26 at 11.48.29 AMIt’s not often that I come across a blog post that so interests and impresses me that I drop everything else and decide to highlight it. The post I am referring to is by David Malone of the Golem XIV blog. The pieces that caught my attention consist of a three part series titled The Next Crisis – A Manifesto for the Supremacy of the 1%. Two parts have been published thus far, with the third section forthcoming.

The reason I believe his work here is so important, is because I think the scenarios he outlines as the plan the global oligarchy intends to put into place during the next crisis are quite possible, if not probable. Knowing the tactics of those who wish to oppress you and lock you into perpetual serfdom is half the battle. We must get inside of the devious minds of these people so that we are prepared for their next assault, which without question, is coming our way.


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