Tags: Serfdom

Video of the Day – CNN Reporter Dumbfounded as Black College Student Defends the Confederate Flag

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Divide and conquer has been the most successful strategy used by humans to attain and maintain power since ancient times. The concept is simple and effective in that those being ruled are too busy fighting amongst themselves to be capable of taking a step back and seeing the bigger picture. The bigger picture is that they are being intentionally played.

This strategy is being quite effectively employed by the American oligarchy against the American population. While racism and associated violence certainly still exist, as we recently saw in the South Carolina tragedy, this remains a marginal issue compared to the relentless, systemic and daily oligarch oppression against hundreds of millions of people. The issue of the 0.01% versus the 99.99% is almost never covered or hyped on mainstream media, while issues of “sexism” and “racism” are covered and exploited incessantly. Why is that? It’s divide and conquer stupid.

Naturally, the American plebs must be kept distracted and consumed by issues that, while important, pale in comparison to the major issue of our time: The financial oppression of everyone by a handful of oligarchs and their servants in Congress. Nothing will change as long as we continue to fight amongst ourselves for the diminishing scraps of a shrinking pie and remain incapable of seeing the true problem. The status quo understands this and leverages it more than anyone wishes to admit. 

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Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor

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Five years into a national economic recovery that has further strained the poor working class, an entire industry has grown around handing them a lifeline to the material rewards of middle-class life. Retailers in the post-Great Recession years have become even more likely to work with customers who don’t have the money upfront, instead offering a widening spectrum of payment plans that ultimately cost far more and add to the burdens of life on the economy’s fringes

In some ways, the business harkens back to the subprime boom of the early 2000s, when lenders handed out loans to low-income borrowers with little credit history. But while people in those days were charged perhaps an interest rate of 5 to 10 percent, at rental centers the poor find themselves paying effective annual interest rates of more than 100 percent. With business models such as “rent-to-own,” in which transactions are categorized as leases, stores like Buddy’s can avoid state usury laws and other regulations…

By the next day, the Abbotts had a remade living room, two companion pieces, both of the same blended material, 17 percent leather. The love seat and sofa retailed, together, for about $1,500. Abbott would pay for hers over two years, though she still had paying the option to pay monthly or weekly. The total price if paid weekly: $4,158.

“I’ve never seen a customer base or an economy like this,” Gazzo said in a telephone interview from the company’s headquarters in Tampa.

– From the Washington Post article: Rental America: Why the Poor Pay $4,150 for a $1,500 Sofa

When you bail out financial criminals and predators, you get a criminal and predatory economy. If there’s one clear lesson from the 2008 crisis and its aftermath, that should be it.

Earlier this week, I published an article titled, Land of the Debt Serf – How “Auto Title Loan” Companies are Ruthlessly Preying on America’s Growing Underclass. In it, we saw how efficiently the Fed’s 0% interest rate policy trickles down to the poor. In fact, preying on the poor for profits has been one America’s most vibrant business models since the “recovery” took hold. We learned that:

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“Revolution is Coming” – The Top 20 Responses to Jon Hilsenrath’s Idiotic WSJ Article

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By now, most of you have read Jon Hilsenrath’s mindless, tone-deaf, idiotic attempt at humor published by the Wall Street Journal yesterday. If not, here it is: A Letter to Stingy American Consumers.

What you may not have seen, are the 174 comments published in response to the article. At least 95% of them consist of justifiable crushing criticism toward the cluelessness of this Federal Reserve apparatchik masquerading as a journalist. While I am strongly against vigilante style violence as a solution to our societal problems, the incredibly frequent calls for him and other “elites” to be strung from lampposts is certainly notable. People are very angry, and this anger will explode at some point in a very nasty way unless the status quo is discarded.

Here are the top 20 comments from the post. In highlighting them, I am not endorsing any calls for violence:

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Conversations with Everyday Americans – Hillary Launches $2,700 per Person “Grassroots” Fundraiser in Boston

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If you want to see how completely disconnected Hillary Clinton is from the “everyday Americans” she claims to represent, you need to look no further than her recent campaign invitation to a Boston fundraiser where attendees are asked to shell out $2,700 per person for a “ticket.”

It was only just yesterday that I highlighted a recent Federal Reserve study that showed that 47% of Americans couldn’t handle an unexpected expense of $400. In the post, Use of Alternative Financial Services, Such as Payday Loans, Continues to Increase Despite the “Recovery,” we learned that:

The most frightening finding in the Federal Reserve’s Report on the Economic Well-Being of U.S. Households in 2014 concerns a matter of $400. Four-hundred bucks. Twenty twenties. Four Benjamins.

Or just enough to crush half of all American households.

“Forty-seven percent of respondents say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money,” reads this year’s annual report.

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Use of Alternative Financial Services, Such as Payday Loans, Continues to Increase Despite the “Recovery”

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Families’ savings not where they should be: That’s one part of the problem. But Mills sees something else in the recovery that’s more disturbing. The number of households tapping alternative financial services are on the rise, meaning that Americans are turning to non-bank lenders for credit: payday loans, refund-anticipation loans, pawnshops, and rent-to-own services.

According to the Urban Institute report, the number of households that used alternative credit products increased 7 percent between 2011 and 2013. And the kind of household seeking alternative financing is changing, too.

– From the Citylab article: Half of All American Families Are Staring at Financial Catastrophe

It’s an economic recovery so lopsided, corrupt and fraudulent only an oligarch could love it.

One of the key themes at Liberty Blitzkrieg since inception has been to point out that the current economic recovery is largely a sham. While there are certainly meaningful innovations happening in the less regulated and corrupt parts of the economy, such as the technology sector, much of the landscape is riddled with waste, fraud, cronyism and stagnation. So much so, that I have gone ahead and characterized the entire post crisis economic environment to be the “oligarch recovery.”

Nowhere is this more evident than within the many statistics demonstrating that things for the growing American underclass are getting worse, not better. An article published last week by Citylab makes the point. It notes:

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Bernanke Wants the U.S. President to Declare “Economic Emergencies” in Future Crises

Screen Shot 2015-03-03 at 9.59.11 AMPresidents should get the power to declare economic emergencies along the lines to declare war, said former Federal Reserve Chairman Ben Bernanke on Monday.

It might make sense to give “the president some ability to declare emergencies or take extraordinary actions and not put that all on the Fed,” Bernanke said at a conference. “The constitution gives the president significant flexibility to respond to military situations,” in part because they are chaotic, he noted.

“I am sure it is not politically possible, but it would be worth thinking about,” the former Fed chairman said.

– From the MarketWatch article: Presidents Should Be Able to Declare Economic Emergencies: Bernanke

For those of us who remain horrified and disgusted by the 2008-09 Federal Reserve and U.S. government bailout of the kleptocratic oligarchs who created the crisis, the above comments by the mastermind of this historic theft should be extremely concerning.

Although bankers and oligarchs got everything they wanted and more from the post crisis panic, what seems to bother Bernanke is that some of the response measures had to be pursued publicly. By calling for the U.S. President to declare economic emergencies in future crises, he is explicitly saying he doesn’t want Congress involved at all, even if just ceremonially. This man is a dyed in the wool fascist.

MarketWatch reports that:

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NYC Residents Will Pay $2-3k a Month for “Micro-Apartments” as Luxury Car Sales Outpace Regular Car Sales

Screen Shot 2015-03-02 at 11.23.29 AMIn the past five years, global registrations of the seven largest ultra-premium car brands–a group that also includes Aston Martin and Lamborghini–have surged by 154 percent, far outpacing the 36 percent gain in overall car sales worldwide. 

Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over 2009, while Lamborghini rode a 50 percent increase to pass the 2,000 vehicle mark.

– From the Bloomberg article: Hyper-Luxury Cars Are Now Selling Faster Than Normal Ones

It’s an oligarch’s world, you’re just living in it.

One of the main reasons “hyper-luxury” cars are outselling regular cars, is because all of the wealth gains from the oligarch recovery are going to, well, oligarchs. This has been a regular theme here at Liberty Blitzkrieg, and is further evidence that global policies implemented since the oligarch created financial melt-down, have been used to cover up its criminality, and further advance the status quo’s consolidation of wealth and power. A continuation of this trend presents the greatest threat to liberty, free markets and an evolution of human consciousness on the planet today.

First, let’s take a look at how the average standard of living in my hometown of NYC is being impacted by the oligarch recovery. From the New York Post:

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Little Oligarch Gone Wild – Paris Hilton’s Brother Yells: “I Will F*cking Own Anyone on This Flight; They Are F*cking Peasants”

Screen Shot 2015-02-03 at 4.44.07 PM“If you wanna square up to me bro, then bring it and I will f*cking fight you,” he allegedly said as well as, “I am going to  f*cking kill you. I will f*cking rip through you,” and “I will f*cking own anyone on this flight; they are f*cking peasants.”

“I could get you all fired in 5 minutes,” he reportedly said while grabbing a flight attendant’s shirt at one point during the incident. “I know your boss! My father will pay this out. He has done it before. Dad paid $300k last time.”

– Conrad Hilton on an international flight

The reason I often use the terms “serfs” and “plebs” when referring to the American masses is not to insult the less fortunate; rather, it is to hammer in the fact that the oligarchs running American society see the unwashed masses as useless peasants. Naturally, they will never admit this publicly, but every now and again one of them slips up and what they really think becomes abundantly clear. Enter Conrad Hilton, Paris Hilton’s brother, and serf-master in training.

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Video of the Day: Ferraris, Maseratis & More – How the Children of Chinese Oligarchs Live it Up in SoCal

Screen Shot 2014-11-20 at 11.56.27 AMThe interesting thing about America in 2014, is that the worship of our own domestic criminals just doesn’t cut it anymore. In order to ensure our celebration of corruption is crystal clear to the entire planet, our “leaders” have eagerly opened the floodgates to criminals from all over the world. The most recent focus has targeted corrupt Chinese officials and their children, which makes sense as China is cracks down on corruption. While capital moves to where it is treated best, apparently so does criminality.

I have been highlighting this trend all year, with the post: Open the Floodgates – Chinese Inquiries on U.S. Real Estate Soar 35% After Easing of Visa Rules, being the latest. In that piece, we learned that:

Chinese inquiries about real estate investment in the United States surged 35 percent this week after the two countries agreed to extend the terms of short-term visas, China’s top international property portal said on Friday.

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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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