Katherine Watt

Orientation for new readers

As I read and write more about pre- and post-1959 Catholic teaching as they relate to current geopolitical events, I want to emphasize that I’m on a learning curve, and my views are developing as my knowledge base deepens.

Prior to Covid, my foundation for this work included my upbringing in a mixed family (traditional Catholic, American father and Protestant, European mother) in the 1970s and 1980s, followed by a basic education in philosophy and natural sciences at Penn State University, followed by work in journalism, civic activism (community organizing) and as a paralegal doing legal research and writing for attorneys practicing constitutional, civil rights and environmental law.

My interest in the relationship between pre- and post-1959 Catholic teaching and current geopolitical events began around 2003, when I read Malachi Martin’s The Keys of This Blood for the first time.

My interest intensified in early 2020 once I realized that 1) the intrinsically-evil Covid-predicated global crime spree was built on the corruption of civil law during the preceding decades, and 2) the corruption of civil law, especially in the Western world, was enabled by the dis-integration of Catholic teaching and erosion of Catholic faith during and since the Second Vatican Council.

Those realizations prompted me to read Fr. Martin’s book a second time in 2021, and then led me to papal encyclicals by Pope Leo XIII, Pope Pius IX, Pope Pius X, Pope Pius XI, Pope Pius XII and the writings of Josef Pieper, St. Thomas Aquinas, St. Catherine of Siena, St. Teresa of Avila and Archbishop Marcel Lefebvre, among many other Catholic works. — The point being: the accuracy and clarity of my work will develop as I continue to learn and better grasp and apply definitions and concepts.

More »

James Howard Kunstler

“Let’s put you in the dunking chair and we’ll figure out what nature says about your status in the next world, and then we’ll make a decision about what to do with your still-living body.” — Matt Taibbi

I’m sure you’re asking yourself: what’s up with the company CEOs like Anheuser-Busch’s Brendan Whitworth, Target’s Brian Cornell, and North Face’s Todd Spaletto? Did they green-light the disastrous Pride Month marketing campaigns based on transgender activism that are suddenly wrecking their businesses? Or do these things just happen down the chain-of-command while the top dogs are otherwise occupied, knocking golf balls around or reviewing their stock options’ strike prices?

I’ll tell you what you’re not seeing and hearing: the red-faced shrieking in the board rooms as boycotts kill sales and directors face the wrath of the share-holders. It was one thing when Bud Light hitched trans “influencer” Dylan Mulvaney to the beer wagon in place of the traditional Clydesdale horses. After all, every state has a drinking age, though it’s pretty astounding that anyone at Anheuser-Busch thought “Ms.” Mulvaney’s cringy Instagram antics would sell beer to grown men moving appliances and fixing pot-holes.

It’s another thing, in the case of Target, to aim sexually-loaded gear to little children, for instance a line of T-shirts that proclaim “Satan Respects Pronouns” made by one Erik Carnell’s Abprellen company out of London. “Mr.” Carnell expounded on that idea on his company’s website (now taken down):

💬 Satanists don’t actually believe in Satan, he is merely used as a symbol of passion, pride, and liberty. He means to you what you need him to mean. So, for me, Satan is hope, compassion, equality, and love. So, naturally, Satan respects pronouns. He loves all LGBT+ people. I went with a variation of Baphomet for this design, a deity who themself is a mixture of genders, beings, ideas, and existences.”

Would it surprise you to learn that children well beneath the age of puberty are not inclined to think about sex at all? In a well-ordered society that recognizes children as different from adults, they don’t. And if something sexual comes to their attention, they are generally perplexed by it. Unless they’re born into an era when adults are busy erasing boundaries, guard-rails, and cultural inhibitions, in which case I must imagine that young children exposed to, say, pornography in a chaotic household find it traumatically sinister. So, why the gleeful celebration about sexualizing children now?

More »

Sean Stinson

“There probably hasn't been a period of sustained oligarchic piss-taking at this level since the time of the pharaohs. I fully expect them to declare themselves gods next.” - Ian Jenkins

‘Corporate Capture’ or ‘Client Politics’ is a term which really should not require any elaboration, but just for the hell of it, let’s take the first definition that Google throws up.

‘Corporate capture’ is a phenomenon where private industry uses its political influence to take control of the decision-making apparatus of the state, such as regulatory agencies, law enforcement entities, and legislatures.

That should suffice us, although I would prefer to describe it as an historical process rather than an isolated phenomena; something intrinsically tied to the dynamic of capital accumulation which has taken from the poor and given to the rich, it seems, from time immemorial. One might also define it as the cancerous influence of private ownership over a tenuous system of so-called representative democracy which for a short time conceded a few modest comforts to its subjugated labouring classes, typically packaged as ‘rights’, ‘freedoms’, and ‘liberties’.

More »

Kelly Mitchell / Paul Craig Roberts

Introduction by Paul Craig Roberts: I do not know what role facts, evidence, or a desire to know the truth any longer play in American lives. This article confirms my experience as a scholar, journalist, public policy maker, and corporate director. The vast majority of people believe what they want to believe. Facts and evidence have little to do with it. People believe what serves their hopes and self-interests as they perceive their interests (often incorrectly) and what validates their emotional commitments. A select few can think independently, but their voices are usually drowned out.

To help those who are capable of independent thought, I am posting with permission the Introduction to a new book, GOLD WARS by Kelly Mitchell, from Clarity Press. I encourage you to order this book and to study it. American institutions are so corrupted that no leadership can rise from the political parties, media, corporations, or universities. We are on a many-faceted course of destruction. Leadership will have to come from non-traditional sources. Perhaps those who can think independently can produce the needed leadership.

The economics profession, Wall Street, and the financial media are committed to maintaining the status quo. There is no independent thought there. The voices maintaining the Matrix in which we live are far more numerous and loud than my voice and the voices of Michael Hudson, Herman Daly, John Williams (shadowstats.com), Mike Whitney, Nomi Prins, Pam Martens, Matt Taibbi, Gerald Celente, Dave Kranzler and the few others who endeavor to break people free of the false consciousness that blinds them to reality. “Free market” economists pretend that financial markets are efficient and do not need to be regulated. Kelly Mitchell shows us that financial markets are manipulated and serve narrow private interests at the expense of society.

More »

Paul Craig Roberts

The Man Who Usurped The Constitution

Just as you think the Republicans have destroyed themselves with their government shutdown/default antics, along comes Obama and appoints a fascist murderer head of Homeland Security.

RT reports that Jeh Johnson, a drone proponent and the Pentagon General Counsel who authorized the unconstitutional extrajudicial murder of American citizen Anwar al-Awlaki, has been nominated to head Homeland Security. Jeh Johnson is also the Pentagon lawyer who accused WikiLeaks of “illegal and irresponsible actions” and of giving aid to terrorists. Will Congress confirm this tyrant to police state power?

According to an Obama spokesperson, Jeh Johnson was picked to head Homeland Security because “during his tenure at the Department of Defense, he was known for his sound judgment and counsel” and “because he is one of the most highly qualified and respected national security leaders.”

So now we know what it takes to have “sound judgment and counsel” and to be a “highly respected national security leader.”

De-Americanization Of The World

GlobalEurope agrees with my conclusion that the power and prestige of the US government are on the wane. In public announcement GEAB # 78 on October 16 echoing the Chinese government, GlobalEurope reports: “Everyone is trying to free itself from American influence and let go of a United States permanently discredited by recent events over Syria, tapering, shutdown and now the debt ceiling. The legendary US power is now no more than a nuisance and the world has understood that it’s time to de-Americanize.”

More »

Ellen Brown

“[W]ith Cyprus . . . the game itself changed. By raiding the depositors’ accounts, a major central bank has gone where they would not previously have dared. The Rubicon has been crossed.” — Sprott & Kargutkar, “Caveat Depositor”

The crossing of the Rubicon into the confiscation of depositor funds was not a one-off emergency measure limited to Cyprus. Similar “bail-in” policies are now appearing in multiple countries. (See my earlier articles here.) What triggered the new rules may have been a series of game-changing events including the refusal of Iceland to bail out its banks and their depositors; Bank of America’s commingling of its ominously risky derivatives arm with its depository arm over the objections of the FDIC; and the fact that most EU banks are now insolvent. A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.

The new rules for keeping the too-big-to-fail banks alive: use creditor funds, including uninsured deposits, to recapitalize failing banks. - But isn’t that theft?

Perhaps, but it’s legal theft. By law, when you put your money into a deposit account, your money becomes the property of the bank. You become an unsecured creditor with a claim against the bank. Before the Federal Deposit Insurance Corporation (FDIC) was instituted in 1934, U.S. depositors routinely lost their money when banks went bankrupt. Your deposits are protected only up to the $250,000 insurance limit, and only to the extent that the FDIC has the money to cover deposit claims or can come up with it. - The question then is, how secure is the FDIC?

More »

Ellen Brown

Cyprus-style confiscation of depositor funds has been called the “new normal.” Bail-in policies are appearing in multiple countries directing failing TBTF banks to convert the funds of “unsecured creditors” into capital; and those creditors, it turns out, include ordinary depositors. Even “secured” creditors, including state and local governments, may be at risk. Derivatives have “super-priority” status in bankruptcy, and Dodd Frank precludes further taxpayer bailouts. In a big derivatives bust, there may be no collateral left for the creditors who are next in line.

Shock waves went around the world when the IMF, the EU, and the ECB not only approved but mandated the confiscation of depositor funds to “bail in” two bankrupt banks in Cyprus. A “bail in” is a quantum leap beyond a “bail out.” When governments are no longer willing to use taxpayer money to bail out banks that have gambled away their capital, the banks are now being instructed to “recapitalize” themselves by confiscating the funds of their creditors, turning debt into equity, or stock; and the “creditors” include the depositors who put their money in the bank thinking it was a secure place to store their savings.

The Cyprus bail-in was not a one-off emergency measure but was consistent with similar policies already in the works for the US, UK, EU, Canada, New Zealand, and Australia, as detailed in my earlier articles here and here. “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks.

More »

Andrew Gavin Marshall

This essay is the product of research undertaken for the first volume of The People’s Book Project. Please donate to help the first volume come to completion: a study of the institutions, ideas, and individuals of power and resistance in a snap-shot of the world today, looking at the global economic crisis, war and empire, repression and the global spread of anti-austerity and resistance movements.

The lesson is clear: if you are a thief, steal by the billions or trillions, and then no one can do anything about it. If you are in the drug trade: handle only billions (or hundreds of billions) in drug money, and then you will get away with it. If you don’t want to pay taxes, be a member of the top o.oo1% of the world’s super-rich and hide your billions in offshore tax-free accounts. If you want more, create a global economic crisis, demand to be saved by the state to the tune of tens of trillions of dollars, and then, tell the state to punish their populations into poverty in order to pay for your mistakes.

I would like to introduce you, the reader, to some realities of our global banking system, resting on the rhetoric of free markets, but functioning, in actuality, as a global cartel, a “super-entity” in which the world’s major banks all own each other and own the controlling shares in the world’s largest multinational corporations, influence governments and policy with politicians in their back pockets, routinely engaging in fraud and bribery, and launder hundreds of billions of dollars in drug money, not to mention arms dealing and terrorist financing. These are the “too big to fail” and “too big to jail” banks, the centre of our global economy, what we call a “free market,” implying that the global banks – and corporations – have “free reign” to do anything they please, engage in blatantly criminal activities, steal trillions in wealth which is hidden offshore, and never get more than a slap on the wrist. This is the real “free market,” a highly profitable global banking cartel, functioning as a worldwide financial Mafia.

More »

Paul Craig Roberts

Readers ask me from time to time to recommend a book from which they can learn about economics.

The problem with reading a book to learn economics that is taught in the universities and practiced in Washington is that economics is now a highly formalized subject based on abstract models and assumptions and has been mathematized. It is not that the subject is totally useless and without any applicability to real world problems. Rather, the problem is that the discipline both lags an ever-changing world and got some things wrong at the beginning. Consequently, learning economics places one inside a box where some of the tools and understanding provided are outdated and incorrect.

For example, every textbook will draw a picture of agriculture as the perfect example of competitive markets in which “no producer’s output is large enough to affect price.” This made sense when one-third of the US work force was on family farms. Today, American agriculture is dominated by corporations and agribusiness. Additionally, part of the disastrous financial deregulation pushed by no-think economists and special interests was the removal of position limits on speculators. Formerly, speculators smoothed agricultural and commodity markets by buying and selling in order to stabilize price over periods when supply and demand were out of balance. Now speculators can dominate markets and rig prices to the benefit of their profits. There are many such examples where economics no longer speaks to the real world.

More »

Ellen Brown

When Jamie Dimon, CEO of JPMorgan Chase Bank, appeared before the Senate Banking Committee on June 13, he was wearing cufflinks bearing the presidential seal. “Was Dimon trying to send any particular message by wearing the presidential cufflinks?” asked CNBC editor John Carney. “Was he . . . subtly hinting that he’s really the guy in charge?”

The groveling of the Senators was so obvious that Jon Stewart did a spoof news clip on it, featured in a Huffington Post piece titled “Jon Stewart Blasts Senate’s Coddling Of JP Morgan Chase CEO Jamie Dimon,” and Matt Taibbi wrote an op-ed called “Senators Grovel, Embarrass Themselves at Dimon Hearing.” He said the whole thing was painful to watch.

“What is going on with this panel of senators?” asked Stewart. “They’re sucking up to Jamie Dimon like they’re on JPMorgan’s payroll.” The explanation in a news clip that followed was that JPMorgan Chase is the biggest campaign donor to many of the members of the Banking Committee.

That is one obvious answer, but financial analysts Jim Willie and Rob Kirby think it may be something far larger, deeper, and more ominous. They contend that the $3 billion-plus losses in London hedging transactions that were the subject of the hearing can be traced, not to European sovereign debt (as alleged), but to the record-low interest rates maintained on U.S. government bonds.

The national debt is growing at $1.5 trillion per year. Ultra-low interest rates MUST be maintained to prevent the debt from overwhelming the government budget. Near-zero rates also need to be maintained because even a moderate rise would cause multi-trillion dollar derivative losses for the banks, and would remove the banks’ chief income stream, the arbitrage afforded by borrowing at 0% and investing at higher rates.

More »