Commentary: Last post I presented the idea that the left actively seeks a totalitarian state. Here’s an article that suggests that we may already be there: Welcome to Totalitarian America, President Trump! This idea might marry the narrative of the Deep State with a number of other narratives: the militarization of police forces; the large scale military exercises conducted in American cities in the last few years; the complete control over personal communications by the various branches of the intelligence community (NSA, CIA); the subjugation of the economic interests of the American people to those of Wall Street; and so on.
I had concluded years ago that democracy by its nature, is a phase in a cycle: democracy -> socialism -> totalitarianism -> revolution -> democracy. The reason is that democracy allows politicians to promise and provide socialist entitlements in return for being elected and retaining self-rewarding (corruption in the extreme) power. As socialist programs pile up creating a socialist democracy, the cost of the socialist programs eventually reaches the point (we are there now – Ontario’s medical system; massive deficits and debt) where they must collapse with widespread civil unrest. This leads to repressive control of the population and suspension of constitutional and civil rights, and the democratic process. At this point the state has become totalitarian leading to the eventual emergence of resistance which for survival becomes increasingly militant and violent. Eventually revolution results. At this point democracy may seem the best option for the future (we’ll do it right this time).
As a final note, I have an extensive commentary on money that emerged as I wrote this. It would be worth your while to rea and understand some of the issues around an asset that you think you have control over but don’t.
Climate: Judith Curry has done a wonderful job of deconstructing the fake news reports generated by the MSM (the New Yorker, CNBC, Washington Post [of course], and the Guardian among others) from Scott Pruitt’s recent comments which she reproduces: Scott Pruitt’s statement on climate change. This is a wonderful opportunity for you, dear reader, to see how the MSM turns statements from the Trump camp into false claims. This has been going on from day one. One might conclude that the reporters are sufficiently cognitively impaired as to be institutionalized or else they are part of a general conspiracy of fake news and propaganda to further the interests of the elite, including their publishers.
In the 19th century, the technology that was rapidly and widely implemented was the railroad. Eventually, the closure of unprofitable routes and consolidation lead to a few titans producing family fortunes that exist today. The next era where this repeated was that of the automobile. The current era of digital technology has followed a similar trajectory summarized in this article: Mossberg: Tech’s ruling class casts a big shadow. In real (inflation-adjusted) terms it would be interesting to compare the fortunes of Gates, Bezos [WaPo], Zuckerberg (Gates, Bezos and Zuckerberg top Forbes richest in tech list) and others to the industrial barons or oligarchs of the past.
Although I follow the precious metals closely, I seldom write about them or money. I developed an understanding of money years ago. It was a fascinating exercise (here’s a link to part 5 of the series that in turn links to the rest of the series: Understanding Money: Part 5 – It’s All Money). Martin Armstrong uses the study of money and currencies throughout the ages as the benchmark to measure political and social unrest and decay against. Here he gives a short status of money and the political systems in the world: Money or Government – Which is the Problem?. Note that he says “crash and burn” is inevitable. I would add: coming soon to a country near you. Since I’m on the topic, view this interview between Dr. Ron Paul and Jim Rickards: