by
Adam Taggart
financialization
by
Chris Martenson
- How financialization facilitates wealth transfer
- How to escape the slow squeeze of financialization
- Understanding mannon
- How to prepare for the future
If you have not yet read Part 1: The Company Store , available free to all readers, please click here to read it first.
Given that the powers that be are highly motivated to keep their power and privilege intact, we all need to be prepared for the trends to continue for a while longer, perhaps a lot longer, before they change.
In fact, I think we need to get this right out on the table; nothing will change until something forces that change.
Whether that’s an ecological catastrophe that cannot be ignored any longer, a financial collapse, or a social rebellion is unknowable. But something along those lines.
Power never gives up its advantages willingly. Especially not a power structure so far gone that it shrugs when its children (as young as 5!) and farmers alike are resorting to suicide as a means of escape from its depredations and oversights.
Especially not from a system of banking that doesn’t even question handing out many trillions of dollars against dodgy collateral (“it was an emergency!”).
Meanwhile you and I have to live our lives knowing that there’s a rigged game afoot that is rather unhinged and bottomless in its desire for more (mammon is winning).
The opportunity, such as it is, is for us to first recognize this game for what it is (rigged) and to realign our own actions with the future we wish to see. Step one is…
It’s Time to Respond
PREVIEW by Chris Martenson- How financialization facilitates wealth transfer
- How to escape the slow squeeze of financialization
- Understanding mannon
- How to prepare for the future
If you have not yet read Part 1: The Company Store , available free to all readers, please click here to read it first.
Given that the powers that be are highly motivated to keep their power and privilege intact, we all need to be prepared for the trends to continue for a while longer, perhaps a lot longer, before they change.
In fact, I think we need to get this right out on the table; nothing will change until something forces that change.
Whether that’s an ecological catastrophe that cannot be ignored any longer, a financial collapse, or a social rebellion is unknowable. But something along those lines.
Power never gives up its advantages willingly. Especially not a power structure so far gone that it shrugs when its children (as young as 5!) and farmers alike are resorting to suicide as a means of escape from its depredations and oversights.
Especially not from a system of banking that doesn’t even question handing out many trillions of dollars against dodgy collateral (“it was an emergency!”).
Meanwhile you and I have to live our lives knowing that there’s a rigged game afoot that is rather unhinged and bottomless in its desire for more (mammon is winning).
The opportunity, such as it is, is for us to first recognize this game for what it is (rigged) and to realign our own actions with the future we wish to see. Step one is…
by
Adam Taggart
In this week's Off The Cuff podcast, Chris and John Rubino discuss:
- The Root Cause Of Much Of Today's Strive
- Going off the gold standard in 1971
- Financialization Has Led To Polarization
- It has allowed for a very unfair distribution of wealth
- Our Polarization Makes Us Susceptible To Fear
- Which the media and special interests stoke
- Stay Focused, Don't Act Out Of Fear
- Intentional resilience is the antidote to today's chaos
Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
Off The Cuff: The Root Cause Of Much Of Today’s Strife
PREVIEW by Adam TaggartIn this week's Off The Cuff podcast, Chris and John Rubino discuss:
- The Root Cause Of Much Of Today's Strive
- Going off the gold standard in 1971
- Financialization Has Led To Polarization
- It has allowed for a very unfair distribution of wealth
- Our Polarization Makes Us Susceptible To Fear
- Which the media and special interests stoke
- Stay Focused, Don't Act Out Of Fear
- Intentional resilience is the antidote to today's chaos
Longtime Off The Cuff listeners are really going to enjoy this week's discussion, in which Chris and John dig into the more existential questions of "how did we get here?" and "how do we regain a hopeful future?" when looking at the increasingly extreme social rift occurring in today's society. Interestingly, they trace the root cause for a lot of today's strife back to the US' decision to take the world off the gold standard (i.e. sound money) in 1971. This removed a very important control, in the absence which the power players in government and the corporate world were able to increasingly warp the system to their own advantage through racketeering. Over time, the wealth has concentrated at the very top, leaving everyone else a thinner and thinner slice of the pie.
Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
by
Adam Taggart
by
Adam Taggart
by
Adam Taggart
by
charleshughsmith
Executive Summary
- Recognize the signs of serfdom
- Calculate your income's vulnerability to the system
- Don't count on high inflation to inflate away your debt obligations
- 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life
If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.
In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years. Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).
Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”
What can we do about it? It seems to me there are two responses:
- Avoid becoming a serf in the new financialized feudalism
- Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.
Getting Real About Serfdom
I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.
I often illustrate this point by asking two simple questions…
The Middle-Class Survival Guide
PREVIEW by charleshughsmithExecutive Summary
- Recognize the signs of serfdom
- Calculate your income's vulnerability to the system
- Don't count on high inflation to inflate away your debt obligations
- 10 strategies you can start implementing right now to defend against the forces trying to sap your quality of life
If you have not yet read Part I: Middle Class? Here's What's Destroying Your Future, available free to all readers, please click here to read it first.
In Part I, we surveyed the key dynamics that have eroded middle-class wealth and income over the past 30 years. Some of these were conventional (higher energy costs) and some were unconventional/politically unacceptable (financialization; neofeudalism).
Regardless of what you identify as the primary cause, that the middle class (and labor in general) has lost ground since the early 1980s is undeniable, as is the ultimate failure of debt-dependent “growth.”
What can we do about it? It seems to me there are two responses:
- Avoid becoming a serf in the new financialized feudalism
- Avoid becoming dependent on the Status Quo and avoid collaborating/supporting those elements of the Status Quo that subsidize and protect the parasitic, inefficient, and unproductive sectors of the economy.
Getting Real About Serfdom
I am going to cut to the chase here, and I expect many of you to disagree. Debt is serfdom, period.
I often illustrate this point by asking two simple questions…
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