U.S. Debt Crisis Comes into View as Fed’s Balance Sheet Explodes Past $7 Trillion

On May 29, 2019, the Federal Reserve’s balance sheet stood at $3.9 trillion. As of this past Wednesday, May 27, 2020, the Fed’s balance sheet had skyrocketed to $7.145 trillion, an increase of 83 percent in one year’s time.

But the explosion in the Fed’s balance sheet cannot be attributed solely to the economic downturn caused by the COVID-19 pandemic. The math and the timeline simply do not support that argument. According to the timeline at the World Health Organization, on December 31, 2019, China first reported a cluster of cases of pneumonia which were identified in early January to be the coronavirus now known as COVID-19. These were the first known cases anywhere in the world.

But on December 31, 2019, the Federal Reserve was already deep into a debt crisis in the United States. We know that from the minutes of the Federal Reserve’s Open Market Committee. The Fed minutes for the meetings on December 10-11, 2019 state that the Fed’s emergency repo loans (that it had started making on September 17, 2019 for the first time since the financial crisis of 2008) had “totaled roughly $215 billion per day” as of the date of that meeting.

Using the Fed’s own Excel spread sheet data for its emergency repo loans, Wall Street On Parade reported on January 27 that the Fed had made $6.6 trillion cumulatively in emergency revolving repo loans to Wall Street since September 17. The first death in the U.S. from COVID-19 did not come until February 28 and was reported by CNN one day later.

Repo loans (repurchase agreements) are typically routine overnight loans between banks, mutual funds and other financial institutions. The institution borrowing the money provides high quality bonds (typically Treasury securities) as collateral and signs an agreement to buy back the securities at a specified price. The difference in the price is effectively the interest charged on the loan.

The Fed started out on September 17 offering overnight loans of $75 billion daily. Three days later, on September 20, it added 14-day term loans. On October 23 the Fed announced that its daily repo loans would be increased from $75 billion to $120 billion while its term loans would continue. On December 12, the Fed announced that it would supplement its repo loans by adding a 32-day loan of $50 billion to its ongoing, twice per week term loans of 14-days and it would increase its overnight loans from $120 billion to $150 billion on December 31, 2019 and January 2, 2020. The Fed said it would also add an extra $75 billion overnight loan, thus bringing an extra $185 billion of liquidity over the turn of the year on top of its ongoing repo loans.

The Fed has subsequently added an alphabet soup listing of Wall Street bailout programs, many of which have been resurrected from the days of the 2008 crisis.

Today, the Fed’s balance sheet shows that its repo loan program is still ongoing with a $181 billion balance outstanding. Emergency lending from the Fed’s Discount Window stands at $18 billion. Emergency loans to the trading houses on Wall Street under its Primary Dealer Credit Facility (PDCF) stands at $6 billion. Buying up undesirable debt from money markets under the Money Market Mutual Fund Liquidity Facility (MMMFLF) shows a balance of $33 billion. Scooping up unwanted commercial paper under the Fed’s Commercial Paper Funding Facility (CPFF) stands at $12.79 billion. Making outright purchases of investment grade and junk-rated corporate bonds under its Corporate Credit Facilities (which is targeted to expand to $750 billion by September 30) was just launched three weeks ago and currently stands at $34.85 billion.

All of the above programs, which provide assistance to the Wall Street banks and their trading units, total $267.64 billion currently outstanding. But the assistance is far greater than that. The repo loans are currently being made at an interest rate of 0.10 percent – a tiny fraction of what Wall Street’s trading houses would pay for these loans in the open market. If the trading houses simply loaned that money out as margin loans to hedge funds and day traders, they could make astronomical profits. The Fed is making its Discount Window loans and Primary Dealer Credit Facility loans at 0.25 percent – again, a preposterously low rate with no relationship to where these trading firms could borrow in the open market.

Think of it in these terms: imagine if every American who is paying interest of 9 percent or higher on their credit cards to these same Wall Street banks (e.g. Chase, Citibank, Bank of America, etc.) were offered money from the Fed to pay off these credit cards at an interest rate of 0.10 or 0.25 percent. Americans could get their financial houses in order rather easily. But no such deal is being offered to struggling Americans – 40 million of whom are now unemployed.

In addition to the overt Wall Street bailout programs listed above, the Fed has more programs that are more subtle in how they bail out Wall Street. The Fed is buying staggering amounts of U.S. Treasury securities and Mortgage-Backed Securities each month. Those combined balances of securities currently stand at an astonishing $5.9 trillion on the Fed’s balance sheet. Before the onset of the crisis in 2008, securities held by the Fed as of December 26, 2007 stood at $755 billion and consisted solely of U.S. Treasuries. By scooping up all of this debt from Wall Street over the past 13 years, the Fed has artificially rigged interest rates lower for a decade while allowing Wall Street to underwrite trillions of dollars in additional corporate debt that should not have been issued because the markets were going to puke it back up (to use Wall Street jargon) at the onset of the next economic downturn. That puke is what you’re now seeing on the Fed’s balance sheet. The Fed has become both the lender and buyer of last resort.

The Federal Reserve was created in 1913. Before January of 2009, the Federal Reserve had never before purchased Mortgage-Backed Securities. Before September 14, 2008, the Fed had never in its history made loans against stocks as collateral. Before May 12, 2020, the Federal Reserve had never before purchased corporate bonds or junk bonds. Today, the Fed is doing all of these things and numerous aspects of what it is doing are likely illegal under its statutory legislation known as the Federal Reserve Act.

The Fed also has a new program called the Paycheck Protection Program Liquidity Facility (PPPLF). The Fed is not providing money directly to small businesses as is being done under the Small Business Administration’s PPP program. The Fed is reimbursing banks for the money they have already loaned under the PPP program in order to provide liquidity to the banks. That program currently has $49 billion outstanding on the Fed’s balance sheet.

Then there are the Central Bank Liquidity Swaps that stand at $449 billion on the Fed’s balance sheet. The Fed provides dollars to foreign central banks and takes their foreign currency in exchange. This allows foreign central banks to have adequate liquidity to buy U.S. dollar-denominated assets and help prop up markets. There could well be other uses for the dollar swap lines. According to the Government Accountability Office audit of the Fed that was conducted after the 2008 financial crisis, this is one additional use that was made of the swap lines:

“In October 2008, according to Federal Reserve Board staff, the Federal Reserve Board allowed the Swiss National Bank [the central bank of Switzerland] to use dollars under its swap line agreement to provide special assistance to UBS, a large Swiss banking organization. Specifically, on October 16, 2008, the Swiss National Bank announced that it would use dollars obtained through its swap line with FRBNY [Federal Reserve Bank of New York] to help fund an SPV [Special Purpose Vehicle] it would create to purchase up to $60 billion of illiquid assets from UBS.”

UBS is a major investment bank and trading house and a major player on Wall Street. It purchased the large U.S. retail brokerage firm, PaineWebber, in 2000. The UBS Dark Pool, the equivalent of a thinly regulated stock exchange operating internally within UBS, has been one of the largest traders in Wall Street bank stocks.

The Chairman of the Federal Reserve, Jerome Powell, promised months ago to report to the American people on what caused the need for the Fed’s intervention in the repo loan market on September 17 and what necessitated it to remain as the lender of last resort in that market for all these past months. The Fed has failed to release any such report.

The Vice Chairman of the Federal Reserve, Randal Quarles, has repeatedly promised to reveal the names of the Wall Street borrowers and the amounts they have borrowed under the Fed’s growing list of emergency loan facilities. The Fed has now filed three monthly reports to Congress on those facilities and there is not one name of a borrower or the individual amounts borrowed. All the public has been given are lump tallies – which paint a dystopian picture of the state of the debt markets in the United States but tell us nothing about which publicly traded banks are in trouble.

The Unfolding Catastrophe. What Can Hegel Teach Us Today?

This year marks 250 years since the philosopher G. W. F. Hegel was born in 1770 in Stuttgart, Germany. In light of this anniversary I reassess what Hegel’s philosophy of nature can contribute to our contemporary understanding – what it has to say to us as we face a time of unprecedented environmental degradation.

We are in the midst of a mass extinction; losing species – plants and animals – somewhere between 100 and 1,000 times the naturally occurring background rate of extinction. Clearly, estimates vary widely – but there is a general consensus that anthropogenic climate change “at least ranks alongside other recognized threats to global biodiversity,” and is in all likelihood the “greatest threat in many if not most regions.”

What can Hegel’s philosophy teach us given this unfolding catastrophe? For most philosophers and scholars (not to mention scientists), if there is any area of Hegel’s thought that is antiquated and irrelevant it is his Naturphilosophie. Indeed, even in Hegel’s own day this part of his philosophy was ridiculed if not ignored, mainly because of his reliance upon a priori (as opposed to empirical) reasoning in constructing an account of the natural world. Consequently, it receives relatively little scholarly attention compared to his other monumental contributions to modern thought. This is unfortunate; for Hegel’s approach to nature is anything but a mere curiosity in the museum of ideas, even if parts of it seem dated or worse. Rather, what he has to say is centrally relevant to environmental concerns today.

The root causes of anthropogenic climate change – which has led to the endangering of countless species across the globe – cannot be adequately grasped in isolation from the technological application of modern science. While Swedish activist Greta Thunberg was certainly justified in calling upon American legislators to “unite behind the science,” neither can we overlook the culpability of science in bringing about the environmental crisis.

Alison Stone’s Petrified Intelligence (2004) offers one of the few sustained and sympathetic studies of Hegel’s philosophy of nature. She points out that the problem with the scientific approach is that it rests on inadequate metaphysical assumptions: “Empirical scientists work from a metaphysical assumption according to which natural forms cannot in any sense be considered agents whose behavior has meaning, but rather are bare things whose behavior makes up a mass of intrinsically meaningless events.”

In the Introduction to the Philosophy of Nature, Hegel writes that “The wealth of natural forms, in all their infinitely manifold configuration, is impoverished by the all-pervading power of thought, their vernal life and glowing colours die and fade away.”

This draining of nature of its inherent richness, its intrinsic qualities occurs paradigmatically in René Descartes’ famous analysis of the piece of wax in his Mediations on First Philosophy. Descartes effectively dissolves the “sensuously resplendent piece of wax into properties (extension and malleability) graspable by the mind’s eye alone.” Qualitative distinctions are replaced by quantitative ones; so that what we witness is indeed nothing less than the dematerialization of nature and its reduction to a mechanical system which can be fully articulated through the immaterial forms of theoretical mathematics.

Scientific and classical enlightenment views of nature represent it as lacking the qualities – including value qualities – which we generally understand to be present within it. Sensibility embodies a basic understanding of nature as intrinsically valuable, as having its own right and its own voice. The metaphysics of empirical science, by contrast, assumes that the behavior of natural forms is inherently meaningless and exhaustively explained by external causal factors.

Hegel wants to reenchant nature, but not by retrieving an outdated and unacceptable medievalism – rather, the approach that he favors is distinctly modern; and involves reasserting nature’s interiority or inwardness: “Matter interiorizes itself to become life,” as Hegel puts it. In terms of ethics Hegel’s conception of nature is preferable to the rival scientific metaphysics because he recognizes and insists upon the intrinsic value of every natural form. Nature’s forms and entities are intrinsically good – which is to say, they are good regardless of any human interests in or feelings regarding them. Indeed, Hegel postulates goodness everywhere in nature – not only in sounds and colors, but in chemical and electrical processes, elemental qualities, and even the passage of time and the immensity of space.

While individual natural forms have intrinsic value, they do so to varying degrees: nature is structured hierarchically, according to Hegel – and the organic is privileged over the non-organic. Hegel is also prepared to say that this hierarchy culminates in the appearance of human beings; so that one criticism of Hegel that environmental thinkers are likely to make is that he adopts a narrowly anthropocentric viewpoint. What this charge fails to appreciate however is that while humanity may represent the highest realization of Spirit (Geist), spirit is already there implicitly in the animal organism.

Animal life is, for Hegel, the truth of the organic sphere: the plant is a subordinate organism whose destiny is to sacrifice itself to the higher organisms and be consumed by them. The animal organism is the microcosm which has achieved an existence for itself, and in which the whole of inorganic nature is ‘recapitulated and idealized.’ What distinguishes the animal organism is its subjectivity – the animal is ensouled, “having a feeling of itself, whereby it acquires enjoyment of itself as an individual.” The plant lacks precisely this feeling of itself, this soulfulness.

To consider this more concretely, look at what Hegel has to say about voice, which he describes as “a high privilege of the animal which can appear wonderful… The animal makes manifest that it is inwardly for-itself, and this manifestation is voice.” Hegel draws special attention, in fact, to birdsong – for “the voice of the bird when it launches forth in song is of a higher kind; and this must be reckoned as a special manifestation in birds over and above that of voice generally in animals… birds utter their self-feeling in their own particular element… Voice is the spiritualized mechanism which thus utters itself.”

It is noteworthy that what Hegel has to say about birdsong has in fact been reiterated by more recent ornitho-musicology. Charles Hartshorne – one of the twentieth century’s great philosopher-theologians – was also an expert in birdsong. In his book, Born to Sing: An Interpretation and World Survey of Birdsong, he observes that the song “conveys no single crude emotion but something like what life is to that bird at that season.” In fact, birdsong expresses feeling, “according to principles partly common to the higher animals… That a bird sings because it is happy is not entirely foolish.”

As our knowledge of living Nature grows, we will likely find that those aspects of ourselves which we take to be most distinctly human – such as aesthetic appreciation – may be regarded as an extension and refinement of abilities already present among nonhuman animals. Hegel’s philosophy of nature may provide the basis for a more environmentally sustainable way of life, in part by helping us to see how it is our intellectual duty to view living things “within the widest of intellectual and spiritual horizons,” as the great Swiss zoologist Adolf Portmann put it.

To treat the natural world – and especially living beings – as a mere aggregate of things to be ruthlessly exploited according to our narrow interests cannot but entirely miss the deeper, genuine and philosophical comprehension which views Nature as “in itself, a living Whole.” This implies that we must view and treat the animal organism as an irreducible way of being in the world, which cannot be understood solely through the physio-chemical or molecular analysis of life.

The loss of biodiversity is not only an environmental crisis, but an ontological crisis as well – for with the extinction of a species the very interiority of Nature has been diminished, as the world is no longer experienced in the way specific to the life form in question. To avoid this catastrophe we must be prepared to draw on all the resources at our disposal, and that may well include the philosophy of nature.

Hong Kong and China’s New National Security Strategy. US Interventionism. Beijing is Intent on Fighting Back

Months of violence and vandalism in Hong Kong last year were orchestrated.

Any pretext will do for the US to wage wars on other nations by hot and/or other means — directly by terror-bombing and/or use of proxies, financed and trained to do Washington’s bidding.

Last August during US orchestrated violence and vandalism in Hong Kong, commander of the People’s Liberation Army’s Hong Kong garrison, Chen Daoxiang, warned that PLA forces in the city are prepared to protect and defend it against hostile actions that threaten its stability.

At the time, he noted “a series of extremely violent incidents happening in Hong Kong” — US dirty hands all over them, my comment, not his, adding:

“This has damaged the prosperity and stability of the city, and challenged the rule of law and social order.”

“The incidents have seriously threatened the life and safety of Hong Kong citizens, and violated the bottom line of ‘one country, two systems.’ ”

“This should not be tolerated and we express our strong condemnation.”

“We resolutely support the action to maintain Hong Kong’s rule of law by the people who love the nation and the city, and we are determined to protect national sovereignty, security, stability and the prosperity of Hong Kong.”

If PLA intervention is needed to restore order, actions taken will adhere to the city’s Basic Law and Hong Kong Garrison Law, Chen stressed.

China won’t let the city be transformed into a US nerve center for undermining the mainland.

In response to China’s announced new national security law, Chen expressed support for the measure, saying:

It “will contribute to containing and punishing any attempt to sabotage the national unity or split the country…”

It will “help deter all kinds of secessionist forces and foreign forces attempting to interfere (in China’s internal affairs), and demonstrates our resolute will in safeguarding national sovereignty and territorial integrity.”

A statement by China’s Liaison Office in Hong Kong warned that elements engaged in violence and vandalism, along with dark forces from abroad backing them, “not to underestimate the central government’s rock-firm determination to uphold national sovereignty, security and development interests and to safeguard Hong Kong’s prosperity and stability and Hong Kong compatriots’ fundamental interests.”

House and Senate Unanimously Support Destabilizing China

Without changing China’s one country, two systems policy, its new national security law aims to prevent pro-US 5th column elements from controlling Hong Kong and using the city as a platform for undermining mainland development and aims.

US war on China by other means rages, a country the Trump regime considers a “strategic competitor using predatory economics to intimidate its neighbors while militarizing features in the South China Sea (sic).”

Beijing is responding to its hostile agenda. The South China Morning Post (SCMP) said President Xi Jinping is focusing more on domestic over export-led growth.

His “strategic shift” includes preparing for a “worst case scenario.”

Xinhua quoted him saying “(f)or the future, we must treat domestic demand as the starting point and foothold as we accelerate the building of a complete domestic consumption system, and greatly promote innovation in science, technology and other areas.”

According to economist Hu Xingdou, he’s preparing for possible “decoupling with the United States and even the whole Western world” if East-West hostility reaches boils over.

China seeks self-sufficiency in a changing world, triggered by COVID-19, economic collapse, disrupted international trade and investments, and hostile US actions that aim to undermine its development.

By no means will Beijing close itself off from the outside world it’s a major part of for its imports and exports.

It seeks multilateralism, “openness and inclusiveness,” said Xi.

Economist Raymond Yeung believes his strategic shift is over concern that export demand won’t recover for several years.

According to China’s official People’s Daily broadsheet, Beijing will counter Trump regime sanctions when imposed, including because of its new national security law.

A statement by China’s Foreign Ministry said

“(i)f the US insists on hurting China’s interests, China will definitely take all necessary measures to firmly fight back.”

Last weekend, White House national security advisor Robert O’Brien said the US will likely impose sanctions on China if it enacts its national security law.

Foreign Ministry spokesperson Zhao Lijian stressed that “Hong Kong is China’s Hong Kong.”

“Hong Kong affairs are purely China’s internal affairs. What legislation the Hong Kong Special Administrative Region makes, and how and when (it’s implemented) are entirely within China’s sovereignty.”

“The US has no qualification to point fingers and interfere.”

Under core UN Charter and other international law that’s also US constitutional law, no nation may interfere in the internal affairs of others for any reasons other than self-defense if attacked.

Even then, the Security Council has sole authority over this issue — not nations on their own, their leadership, legislators or courts.

It’s unclear how far the Trump regime may go to challenge China’s authority over its own territory.

It’s increasingly likely that Beijing will respond appropriately to hostile US actions if and when they occur.

A Final Comment

According to an SCMP article published by Global Research.ca, the US “slapped sanctions on 33 Chinese companies and institutions, putting them on two so-called entity lists as it dials up the hostility during the lowest point in US-China relations in decades.”

Clearly, China will respond in its own way at a time of its choosing.

All nations should refuse to tolerate what the scourge of US imperialism is all about.

The Farce and Diabolical Agenda of A “Universal Lockdown”

The pandemic was needed as a pretext to halt and collapse the world economy and the underlying social fabric.

There is no coincidence. There were a number of preparatory events, all pointing into the direction of aworldwide monumental historic disaster. It started at least 10 years ago – probably considerably earlier – with the infamous 2010 Rockefeller Report, which painted the first phase of a monstrous Plan, called the “Lock Step” scenario. Among the last preparatory moves for the “pandemic” was Event 201, held in NYC on 18 October 2019.

The event was sponsored by the Johns Hopkins Center for Public Health, the Bill and Melinda Gates Foundation (BMGF) and the World Economic Forum (WEF), the club of the rich and powerful that meets every January in Davos, Switzerland. Participating were a number of pharmaceuticals (vaccine interest groups), as well as the Centers for Disease Control and Prevention (CDC)’s of the US and – of China.

One of the objectives of Event 201 was a computer simulation of a corona virus pandemic. The simulated virus was called SARS-2-nCoV, or later 2019-nCoV. The simulation results were disastrous, killing 65 million people in 18 months and plunging the stock market by more than 30% — causing untold unemployment and bankruptcies. Precisely the scenario of which we are now living the beginning.

The Lock Step scenario foresees a number of ghastly and disturbing events or components of The Plan to be implemented by the so called Agenda ID2020, a Bill Gates creation, fully integrated into the UN’s Sustainable Development Goals (SDG) – target date for completion – 2030 (also called Agenda 2030, the hidden agenda unknown to most of the UN members), the same target date for completion of the Agenda ID02020.

This presentation PROOVES WITHOUT DOUBT that America is in for a major fight that will put you and your family in the firing line, literally… So make sure you watch this presentation while it’s still online…

Here, just the key elements as a precursor to what the world is living now, and what is to come, if we don’t stop it – to demonstrate how this entirely criminal sham has been planned. Parts of the scenario are:

A massive vaccination program, probably through compulsory vaccination – Bill Gates’ dream and brainchild is vaccinating 7 billion people.
Massive population reduction, a eugenics plan – in part through vaccination and other means (Ref. Bill Gates, “if we are doing a real good job vaccinating, we may reduce the world population by 10% to 15%”. See “Innovating to Zero!”, speech to the TED2010 annual conference, Long Beach, California, February 18, 2010).

Bill Gates has been advocating for years the need for a massive population reduction – and indeed the more than 20 years of the BMGF’s extensive vaccination programs in Africa, India and other places around the world have seen a record of involuntary sterilization of women between 14 and 49 years. See In 2014 and 2015 Kenya carried out a massive tetanus vaccination program, sponsored by WHO and UNICEF.

An electronic ID for every person on the planet – in the form of a nano chip, possibly injected along with the mandatory vaccination. This nano-chip could be remotely uploaded with all personal data.
Digitized money, no more cash.
Universal rolling out of 5G, later to be followed by 6G.

This is leading to a total control of every individuum on the planet. It is sold to the public as the Internet of Things (TIT), meaning self-driving cars, robotized kitchen equipment, artificial intelligence (AI) for the production and delivery of everything. What the sales pitch doesn’t say, is how humans would be marginalized and enslaved. To carry this masterplan forward, high frequency electromagnet waves are needed. Therefore, rolling out of 5G is a must, no matter what the health impact on humans, fauna and flora may be – and no matter how it may influence viral infections, like possibly the current COVID19.

WHO remains silent, although they do admit that no independent official study has been carried out on the dangers of 5G – and electromagnetic fields in general. Does that mean that WHO is coopted by the Big and Powerful into this deadly spiel? – Let it suffice to say that unlike other UN agencies, WHO was created in 1948 by the Rockefeller Foundation (RF) – see The Lancet. It might be also noteworthy that about half of WHOs budget comes from private interest sources, mostly the pharma industry, but also others, like telecom giants.

This is a precursor for understanding how things are being planned. It may help connecting the dots for what is coming.

It may also help us understand what is happening right now, in the first phase of the Lock Step scenario. It portrays in vivid colors the criminal nature of the Dark Deep State.

Never mind the stock market crash – that’s a speculator’s syndrome, rich people’s risks, as the stock market is a western invention to play with capital and capital gains to the detriment of the workers, whose lives depend on working that capital. They are the first ones to go, when Big Money calls for a merger – or a bankruptcy.

Now the almost universal and justified by NOTHING quarantine, total lockdown of every business, small or big – restaurants, construction, tourism, little and big hardware stores, bakeries, air lines, transport – interrupted supply chains – factories, food processing – and it goes on and on.

In the Global North some up to 90% of business transactions are emanating from small and medium size enterprises (SME). Almost all of them are closed now. Two thirds or more of them may never open again. Employees and workers are laid off, or are reduced to part-time work, meaning part-time pay – but still need to sustain their families. Poverty and desperation set in and becomes rampant. No future in sight. Suicide rates will rise – see Greece in the 2008 / 2009 crisis – and up to ten years later – broken families, foreclosures, families expulsed from rental apartments because they can no longer pay their rents. Street begging becomes normal, except there is nobody left to spare a dime.

In Europe at least a third to maybe 50% or more of the work force – depending on the country and structure of the labor force – is expected to be unemployed or will be reduced to part time work. And that’s only the beginning. In the US official unemployment figures are as of this writing in excess of 23 million – and are expected, by predictions of the FED, Goldman Sachs, Bloomberg -to reach between 32% and 40% in the next quarter. Bankruptcies may spin out of control.

The IMF predicts for 2020 a worldwide economic contraction of a mere 3% – and a small growth rate in the latter part of 2021. How utterly ridiculous! – What planet are these people on? Whom are they trying to fool, and why? Perhaps to encourage countries to borrow huge amounts of foreign exchange from these predatory Bretton Woods institutions, IMF and World Bank – to get deeply into debt, thinking with IMF predictions they will be fine? – Further enslavement by deceit?

This is the Global North – which has some kind of social safety nets, whatever flimsy they may be – there is a sliver of hope for relief. Another sliver of hope is built on the premises that mankind will be constantly creating – working ingeniously inventing -moving forward flowing like a river towards new horizons, creating new dynamics, new jobs… yes, that’s what mankind can do – and in our comfort we have forgotten this virtue – an essential virtue for survival – survival of the corona crisis.

The Global South – or developing countries – presents a grimmer story. Under normal circumstances a third to half of the economy is informal, meaning not tight to any norm of formal or legal organization. They are short-term workers, daily, hourly laborers – living from hand-to-mouth, no savings, no safety nets- and in most cases no health coverage. They are left to the whims of the “market”, literally. Now the market collapsed.

There is nothing left. No work, no income, no money to pay for food, rent, medication – and the government orders them, the deprived poverty-stricken, to stay ‘home’ – ‘lockdown’ in quarantine – to protect themselves from a virus, an imposed virus that nobody sees, but the government and the media make sure you are aware – and SCARED – of its dangers, you never know whether true or false.

Confinement at ”home”? – Where is home? Home is gone. No money to pay rent. Keep social distance – don’t get together. Stay apart. The infection could spread. Fear is of the essence.

Take a city like Lima, Peru. Peru’s total population about 30 million. Lima, about eleven million – of which some 3 to 4 million live on the margins or below – in shantytowns, or worse. Daily, or hourly laborers. They live sometimes hours away from their work place. Now, there is no workplace anymore. They have no money to pay for food, transport or rent – landlords put them in streets, expel them from their properties. How can they stay in confinement? How can they take care of themselves by quarantine – lockdown – having no shelter, no food – desperately looking to earn just enough money to survive another day – and perhaps to share with their families? They can’t.

Lockdown-protection (sic-sic) is only for the rich. The poor they starve with kids and families – and quite possibly with the corona disease. They live within the circles of poverty and misery, where there is nothing to spare. Nobody has anything. Not even in solidarity. There simply is nothing. Total deprivation, caused by a total economic standstill – forced upon the world and especially the poor by evil men – and perhaps also evil women.

These 3 to 4 or 5 million people, they all have come at one point or another from the rural provinces, for which the government does nothing, or not enough to keep them there. So, in search of a better life, they abandon their ‘çhacras’ (little plots of land) and move to the Big City – to paradise – where they are relegated to live in more misery than in their provincial meagre settlements. They endure – always with hope. Now this – the man-made corona crisis – has made life even worse, much worse for them. There are none or far from enough government handouts – or they come too late or get lost in corruption.

In solidarity they assemble. They need to get back to their provincial origins, to their çhacras, to their families – where they will get shelter and food, where they again may feel “home” and loved or at least welcome.

A dictatorial military style government prevents them from leaving – for security reasons, of course – they may infect other people, — the farse continues. And nobody says peep. Nobody dares, for fear of being locked away. Police brutality – sticks, tear gas – repression – back to no shelter – no food. Until the central almighty government decides to “organize” repatriation – by buses, but there is not enough capacity, nor organization – chaos emerges – and the lot gets worse – and how much worse can it get? Famine will strike, will make them weaker and weaker, more prone to diseases and to die – not fromCOVID19, but from famine. But as statistics go, MUST go, by orders of the Masters, such deaths will automatically be attributed to the corona pandemic. Naturally. It’s done elsewhere, in the Global North. Why not in the Global South?

Lima is just a case in point – Its representative probably for most of Latin America, except for Venezuela, Nicaragua and Cuba – where, in the midst of misery, there is still a sense of solidarity uniting the people – where the government stands with the people, yet, where people are more severely suffering, because of western sanctions – they are literally being murdered by western sanctions – foremost the US of A. A genocidal nation.

The New York Times (22 April 2020) reports, ‘Instead of Coronavirus, the Hunger Will Kill Us.’ A Global Food Crisis Looms. The world has never faced a hunger emergency like this, experts say. It could double the number of people facing acute hunger to 265 million by the end of this year.

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American Hubris Robust in a Cataclysmic Global Pandemic

Few can deny that a perfect storm is brewing and the early foundations for war are being set up by the obvious protagonists. That China has cancelled the dollar peg, in its stock exchange transactions, opting for the Chinese Yuan is an ominous sign. If this unpegging to the US dollar succeeds China will divest itself of US dollar dependence, a move implemented to escape the weaponisation of the dollar. China is, also, developing its artificial intelligence (AI) and 6G for her People’s Liberation Army (PLA).

Washington, meanwhile, is fast creating an anti-China sentiment among its population, blaming China for what President Trump calls the “Wuhan virus” aka Covid-19 now afflicting the US, fast and furious, because of President Trump’s initial complacency claiming that the virus will perish as the weather warms up. But in two short weeks thousands have died and nearly a million were infected. As of 16th May 2020, there are 1.52 million confirmed cases. Of these 281,000 have recovered. Unfortunately, there have been 89,939 deaths, the world’s highest. New York has endured some nightmarish scenes of bodies left piled up because the funeral homes are not capable of meeting the spike in demand for their services. China, for her part, is saying it is a US produced virus. According to experts it is near impossible to definitively prove this allegation.

The economic scenario unfolding in the United States, indicates that unemployment will hit 30 percent soon, one that is broader when compared to that of the Great Depression of the 1930s. One in three will be without a means to life and needing to be saved. Of course, there are many, unwilling to see any other than a V-shaped economic recovery, one where despite a sharp economic decline there is a quick, strong recovery. This outlook is causing many to demand an end to lockdowns. Yet prudence suggests that lifting the lockdowns without the necessary care can result in 100,000 deaths by 1^stJune, according to the US Center for Disease Control and Prevention. A massive economic disruption is already on the way. Bankruptcies of High Street businesses are up and with it unemployment. Retrenchments and layoffs by the thousands have been announced. Airlines are suffering almost without exception and all will benefit from the US 2.2 trillion dollars rescue package but the workers are not being given the means to keep consumption healthy as China has done by giving coupons to the population. And, regrettably the economic disruption is of a global dimension. Unless the domestic economy is resuscitated there is noother way.

The pivotal factor is whether an economically ravaged America, hocked to the tune of trillions of dollars, can support a peace that requires immense financial resources. The recent US$2.2 trillion rescue package is coming off the printing presses of the Federal Reserve, an act made possible because the US dollar is not held against guarantees such as gold. Some experts argue that America’s economic strength will pull the country through. But with the world oil industry going negative the petrodollar, too, is under threat. In short it would be true to say the American economy is under severe strain.

That there have been suggestions by some that China must compensate America by writing off its trillion dollar debt for the Covid-19 “invasion”, while definitely embarrassing is more revealing of a weakness. The US economy is unravelling under the lockdown ordeal with small businesses coming unglued and unemployment rocketing within a fortnight of the virus’ arrival. In a nutshell, both the US’ domestic and global economy are being almost torn asunder.

Further, the President is fighting for re-election. He has much to repair in the way of his public image. Nobody is even making a defence of his bungling in hisinitial handling of the Covid-19 virus. He had some 2 months to prepare for the viral onslaught but instead he remarked that it will go away with the heat. That he was prepared to take this risk is suspicious. Who told him this when the virus was already in the tropics and not any less virulent? Trump’s complacency parallels that of the British Prime Minister. The latter, Boris Johnson, was a victim and hospitalised.

Once it became clear that Trump had erred the “blame China” strategy took a sinister angle. Taking China to court seems almost the better alternative. It preserves peace.

But the global economy suffered from China’s economic shutdown caused by the Covid-19 infection. China is the world’s producer of far too many essential products. Even the global car industry was affected. And then as the world began recognising this global economic problem, the petroleum bombshell erupted. Today the price of oil per barrel has tanked. The shale oil industry is no longer supportable, dashing the US’ oil self-sufficient façade and leaving many firms bankrupt. Part of the recent trillion dollar rescue package was to bail out these companies. Boeing the aircraft producer, too, needed rescuing. The company’s 737 MAX was a dangerous lemon. And, Wall Street, too, was prioritised but not the Main Street. If this is the truth then the people will be left vulnerable.

The US$2.2 trillion Covid-19 rescue package will be another quantitative easing. Printed dollars will be poured into the system by the Federal Reserve. And experts are not expecting the economy to be saved if the money is not accompanied by guidelines for its distribution as the 2008 rescue demonstrated. Unfortunately, it is looking to repeat. Furthermore, if it ends up in stock buy backs the trillions spent will not move the economy. What leaves the observer of the USA perplexed and frightened is that the movers and shakers are looking for profit-taking opportunities instead of beefing up the public health sector. Huge companies like Amazon have made billions in these few short weeks of the Coronavirus tragedy.

There appears to be no real sense of national solidarity in the USA. Capitalism as a socio-cultural phenomenon remains pervasively a consumerist, profit maximisation phenomenon building a culture where the self centres the individual’s preferences. That lockdowns are viewed as an assault on the individual’s freedom is shocking when the aim is to save lives. This is the America that has been bred on crass materialism and even the Covid-19 death rate is proving unable to nurture a social culture of humane caring. An imagery made more heinous when the country’s own President is encouraging the people’s protest against lockdowns.

This is today’s USA in a world facing a massive challenge. With its perpetual war policy still on-going, where regime change remains active, it is difficult to perceive of Washington as part of global solidarity. With an official psyche very much intent on hegemony and superiority, it is difficult to picture an altruistic America. It is easier to see a repeat of the Iraq invasion but China is surely no walkover in this respect, she is a nuclear power; she is ahead in 5G technology; she can communicate with the far side of the moon. China is not Iraq. But how desperate is the USA? Is she really being economically undermined by the loss of her global reserve currency position?

Syria demonstrated the Russian ability to put a spanner in US military aspirations. Will this be the reality that will prevent a world war? After all even Tehran is able to get Washington to be more reticent. The missiles shot in Iraq may have not killed but it did cause damage to the mental well-being of many US soldiers. China has, too, demonstrated its military capability when in 2006, her Song-class submarine surfaced “within 5 miles of the aircraft carrier USS Kitty Hawk, apparently without being detected”. But a New York Times 21 April 2020 report says, US warships have entered disputed waters of the South China Sea.

Will Trump Wage More Wars to Distract From COVID-19 and Economic Collapse?

Trump is the latest in a long line of belligerent US presidents, throughout his tenure waging war on multiple fronts at home and abroad.

His priorities are self-enrichment, serving Wall Street, Big Oil, Big Pharma, Big Military, and other corporate favorites, along with getting reelected.

War by the Trump regime and Congress rages domestically —SARS-Cov-2 (the virus producing COVID-19 illness) used as a weapon by power elites to consolidate to greater market dominance by eliminating competition.

An already begun unprecedented surge of bankruptcies approaches, mostly affecting hundreds of thousands of small and medium-sized businesses.

Weak larger ones are also vulnerable to be bought by strong competitors at fire sale prices.

The toll is an unacceptable new (ab)normal, the US more greatly resembling Guatemala, Somalia, or Bangladesh, millions of lost jobs not coming back.

Most employed Americans will work for poverty or sub-poverty wages with few or no benefits — a permanent state of war to exist abroad against multiple invented enemies, new ones perhaps to be attacked belligerently.

In early January, who could have imagined that most Americans would willingly accept house arrest, that major sports competition would cease for the interim, that real unemployment would approach 40%, that a protracted main street Greater Depression may have begun!

Worse still, dare I suggest that US dark forces planned what’s happening for their own self-interest and cronies —by unleashing SARS-Cov-2 on humanity with a diabolical follow-up plot in mind.

A relentless campaign is underway for Americans and others abroad to accept mass vaxxing ahead with toxic vaccines able to do far greater harm than good — including substances able to cause the disease they’re supposed to protect against.

Along with all of the above domestically, are DJT and Pompeo-led Trump regime hardliners spoiling for confrontation with China, Iran, Venezuela, and even Cuba.

A US war of words rages against these countries, Big Lies drowning out hard truths and reason.

On Thursday, the South China Morning Post (SCMP) reported that “China-US diplomatic backchannels (are) dry(ing) up, making it harder to communicate…”

Sino-US relations are the most dismal in decades. Bilateral communications “ground to a halt as a result of the rising hostility and travel restrictions caused by the pandemic…”

Anti-China Trump regime and congressional actions threaten to rupture bilateral relations.

Trump’s reelection strategy includes falsely blaming China for his mishandled public health and economic policies.

Nothing positive can come for both countries from the hardline US approach.

Separately, the Trump regime may be heading toward confrontation with Iran and Venezuela.

On Wednesday, Pompeo slammed both countries, tweeting:

“The United States condemns (Iran’s) Supreme Leader Khamenei’s disgusting and hateful anti-Semitic remarks (sic)” — how US hardliners describe truth-telling rhetoric that touches the right nerves.

Pompeo targeted democratically elected and reelected Venezuelan President Nicolas Maduro, turning truth on its head, tweeting:

“Two years ago today, Maduro showed the Venezuelan people and the world that there can be no free and fair election while he occupies Miraflores Palace (sic).”

“The Democratic Transition Framework provides a roadmap for peaceful democratic transition for Venezuela (sic).”

Venezuela under Hugo Chavez and Maduro is the hemisphere’s model democracy, a notion increasingly totalitarian USA tolerates nowhere, especially not at home.

Cuba was also on Pompeo’s target list, falsely accusing its ruling authorities of “trampl(ing) (on) the rights of the Cuban people” — a longstanding US specialty at home and abroad.

Ahead of November elections, will the Trump regime instigate confrontation against one or all of the above countries on the US target list for regime change?

On Wednesday, Iranian Defense Minister General Amir Hatami warned the Trump regime that “(w)e will definitely give a firm and decisive response if harassments continue or escalate.”

His comments referred to possible Pentagon interdiction of Iranian tankers with gasoline en route to Venezuela — an act of high seas piracy if occurs.

“Our policies are crystal clear, and we announced explicitly that we will tolerate no act of harassment,” Hatami stressed.

By letter to UN secretary-general Antonio Guterres, Iranian Foreign Minister Zarif slammed “the illegal, dangerous and provocative US threats” against Iranian tankers en route legally to Venezuela, warning of consequences if the Trump regime goes this far.

Scheduled to arrive in Venezuelan waters in late May or early June, Bolivarian Republic military vessels will meet them when entering the country’s economic zone to escort them to port to unload their cargo.

Venezuela’s Defense Minister Vladimir Padrino Lopez said the country’s navy and air force will welcome the Iranian tankers when reach the nation’s maritime territory.

During a Security Council session, Bolivarian Republic UN envoy Samuel Moncada slammed Trump regime hostility, saying actions it may undertake to block Iranian tankers “from reaching their destination would thus constitute a crime against humanity.”

Separately, Iran’s ambassador to Venezuela Hojjatollah Soltani defended the legal right of both nations to engage in international trade and other normal relations, adding:

“This relationship between Iran and Venezuela doesn’t threaten anybody. It’s not a danger to anyone.” It’s the legal right of all nations to deal with others politically, economically, and through trade.

Trump regime hardliners consider internationally recognized legal relations between countries on the US target list for regime change a threat to its national security.

It’s one of countless Big Lies and distortions used by both right wings of the US one-party state to advance its imperial agenda.

Wars by hot and other means, state terrorism, and other hostile actions are its favorite strategies — why the US remains humanity’s greatest threat.

The “Secret Agenda” of the So-called Elite

The International” is the world-renowned battle song of the socialist labor movement. The English version of the original French text reads:

“Wake up, damned of this earth, who are still forced to starve! (…) Army of slaves, wake up! (…) Peoples, hear the signals! To the final battle! There is no supreme being, no God, no emperor or tribune to save us. To put us out of our misery, that is something we can only do ourselves.”

This call was made to the international labor movement after the violent suppression of the Paris Commune in May 1871. It was not issued to the ruling “Elite” of the exploiters and oppressors.

However, it is precisely this so-called elite that seems to be blowing to the last battle today, in that it is seeking to reduce the population (depopulation) by means of a compulsory “mass protective vaccination”. The pathogenic or even deadly composition of this vaccine, which will also contain Nano-chips to control humanity, has certainly already been mixed in the world’s secret laboratories.

Even the active euthanasia of elderly and sick fellow citizens by means of strong sleeping pills and opiates has already set these dark figures on their way. Likewise a worldwide redistribution of general wealth from the bottom to the top, from the poor to the super rich. Should we citizens of this world, remembering these plans of the cabal, not recall to whom the call for the final battle was actually made?

Two of these “world citizens” who are involved in such sinister plans are the former US Secretary of State and Nobel Peace Prize winner Henry Kissinger and the wealthy US entrepreneur and patron of the arts Bill Gates.

More than 50 years ago, Kissinger was Secretary of State and head of the US National Security Council and author of the “National Strategic Security Memorandum 200 (NSSM 200)

“. According to the memorandum, depopulation should be “the highest priority in US foreign policy towards the Third World”, (…) because “the US economy needs large and growing amounts of raw materials from overseas, especially from the less developed countries” (Eggert, W. (2003). The planned epidemics AIDS – SARS and military genetic research. Munich, p. 64)

In an opinion piece for the “Wall Street Journal”, Kissinger called for

“a first step to develop ‘new techniques and technologies for infection control and appropriate vaccines for large populations’. (…) In a second step, the focus should now be on ‘healing the wounds of the global economy’. ( quoted in RT Deutsch https://de.rt.com/25kn)

The citizens of the world should therefore – whether they want to or not – be vaccinated and, in addition, it should be checked whether they have complied with this vaccination obligation.

In the RT article just mentioned, Nobel Peace Prize winner Kissinger is also referred to as a war criminal because, as the architect of the US aggression against Vietnam and other covert CIA secret operations, he is responsible for the death of millions of people.

Vaccination

Kissinger and the The Bill and Melinda Gates Foundation seem to agree on the question of “mass protection vaccination”. On March 31, 2020, the “Washington Post” published an opinion article by Gates in which he describes his vision to vaccinate people around the world:

“To bring the disease to an end, we’ll need a safe and effective vaccine. If we do everything right, we could have one in less than 18 months — about the fastest a vaccine has ever been developed.

But creating a vaccine is only half the battle. To protect Americans and people around the world, we’ll need to manufacture billions of doses. (Without a vaccine, developing countries are at even greater risk than wealthy ones, because it’s even harder for them to do physical distancing and shutdowns.)

We can start now by building the facilities where these vaccines will be made. Because many of the top candidates are made using unique equipment, we’ll have to build facilities for each of them, knowing that some won’t get used. Private companies can’t take that kind of risk, but the federal government can. It’s a great sign that the administration made deals this week with at least two companies to prepare for vaccine manufacturing. I hope more deals will follow.

In 2015, I urged world leaders in a TED talk to prepare for a pandemic the same way they prepare for war — by running simulations to find the cracks in the system. As we’ve seen this year, we have a long way to go. But I still believe that if we make the right decisions now, informed by science, data and the experience of medical professionals, we can save lives and get the country back to work.

Is the vaccination program related to the objective of reducing world population?

In this context, let us recall Kant’s Enlightenment motto “Sapere aude!”:“Have the courage to use your own intellect!”

We Hold These Truths: An Updated Manifesto for the Sick, the Tired, the Poor, and the Huddled Masses Yearning to Breathe Free

These are not only rapidly changing times; they are revolutionary times. The people are awakening not only to a new situation of living under Coronavirus, but a situation in which the hot spotlight is shining on the ongoing injustices, incompetence, and uncaring attitude and actions of our government toward the plight of the people at large. This is what makes for revolutionary times.

There are people trying to form alternative parties of varying sorts and kinds. But unless they can unify under a common banner, the further splintering of populist groups and organized actions will never be galvanized sufficiently to exact the change they seek.

Here is a suggestion for that common banner for unity of the People: use the Declaration of Independence. Since our leaders in all branches and levels of government have shown their lack of concern for and even hostility to the People and our needs, especially seen now more obviously (but in fact already their well-established and ongoing modus operandi) in the Coronavirus “stimulus” packages that gave the people next to nothing, we are undoubtedly back to that revolutionary moment that prompted the founding document that declared that the People were no longer servants of the oppressive government holding them under its thumb.

So why not use that same document, update it, and in that way craft a new banner to unify all populist parties? At this moment in time, we cannot allow the disagreements between specific party ideas to dissuade us from uniting together under the name of the People and our rights. We must learn to work together for the same general principles that will result in the fall of the current form of government, and something more akin to the rule of law, of rights, and of justice to found our rule. To that end, I have proffered a re-writing of Jefferson’s famous document, with full honor and respect being given to the original, as a suggestion for a Populist banner that will be a platform of unity, rather than independent and isolated small parties of division. Here is a suggestion for a new Declaration of Independence of the People from the current government, which is now on the border of being the type of tyranny that so concerned the Founders. Just like in their time, so in ours: we need a declaration of the unity of the People against the current oppressive government, which has completely refused to be concerned with the needs or good of the People, and has sided completely with the wealthy at all levels of government. So now to Jefferson, with a twist:

“We hold these truths to be self-evident, that all humans are equal, that as human they have certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted to protect and serve the People, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Parties and a Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

When a long train of abuses and usurpations, pursuing invariably the same Objects of money and power, evinces a design to reduce the People under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of the People; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present form of government in the United States is a history of repeated ignorance, injuries, and usurpations, all having in direct object the establishment of an absolute Tyranny over the People. To prove this, let Facts be submitted to a candid world, that show that each or all of the instituted branches of government have either singly or one and all, failed to protect and preserve the good of the People.

They have refused their Assent to Laws, the most wholesome and necessary for the public good.

They have refused to pass other Laws for the accommodation of large districts of people, thereby forcing the People to relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

They have bypassed Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people. The Representative Houses, for their part, acknowledge and cooperated in this surrender of their Constitutionally designated power, and permitted its usurpation by the Executive Branch.

They have refused for a long time to allow others to be elected by free, open, and verifiable vote, allowing the People in the meantime to be exposed to all the dangers of invasion of their individual and collective economic and social good from within and without the country.

They have endeavoured to prevent the population of these States by non-native others; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to permit their migrations hither, and refusing and obstructing the conditions for safe harbor for those immigrants.

They have obstructed the Administration of Justice, by refusing their Assent to Laws for limiting Judiciary powers.

They have kept among us, in times of peace, Standing Armies which influence and even involve themselves by plan in the affairs of the People, all with the Consent of our legislatures, but not the People.

They have affected to render the Military independent of and superior to the Civil power.

They have combined with others to subject us to a jurisdiction foreign to our constitution (Wall Street), and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For abolishing the free System of Laws in neighboring Provinces, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments;

They have abdicated Government here, by declaring us out of their Protection and waging War against us by removing our fair and safe voting to all citizens, and by diminishing our rights.

They are at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the leaders of a civilized nation, by attacking and preparing to attack leaders of other countries as well as their people and geographical territory.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. An Oligarch ruling class whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

We, therefore, the People of the united States of America, in full and unbreakable unity, and appealing to the universal good of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of this United States, solemnly publish and declare, That the People are and of Right ought to be, Free and Independent from such authoritative and unresponsive government; that they are Absolved from all Allegiance to this government, and that all political connection between them and the government, is and ought to be totally dissolved until and unless our grievances are met with just response; and that as Free and Independent, the People have full Power to control the way we are governed. And for the support of this Declaration, with a firm reliance on the protection of Justice herself, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.”

Some have said that history is cyclical. If that is true, the current times certainly mirror our founding times in many ways. Why not use the truths that the Founders held, and make them once again our own? Why not unite all Populists under some version of a banner such as this? Without it, there can be no unity and no overcoming of the current authoritarian oligarchy under which we now live.

This economic depression was always going to happen, the virus just accelerated the downfall

On Tuesday May 12th, it was announced that the stay at home order in Los Angeles County, California due to the coronavirus would be extended for another three months.

As the virus continues to spread and the economic downfall the likes of which the nation hasn’t seen since the Great Depression continues to touch lives all across the nation, countless people are undoubtedly reeling at the thought of not being able to generate an income for months longer. But as we continue to feel the widespread web of stress and trauma this virus has caused, I can’t help reflecting on how little it took for everything to crumble. It’s difficult not to come to the honest conclusion that coronavirus didn’t kill the American economy, it just sped up the dying process.

In an economic system with a staggering seventy four percent of Americans living paycheck to paycheck, forty percent unable to afford a $400 dollar emergency last year, and with many working multiple jobs to provide for themselves and their families, the American economy has been a ticking time bomb for years, just waiting to go off. But an economy as morally bankrupt as our own was never meant to weather a crisis like this. A system that would rather starve its citizens in to submission than supply them a small return of the wealth their labor generated so that they might find stability during this crisis will always crumble eventually.

In the midst of a pandemic where over thirty million people have been forced to file unemployment, many of them are losing healthcare, over 80 thousand people are dead, and small businesses all over the country are on the precipice of collapse, Amazon’s CEO Jeff Bezos is apparently on track to potentially become the world’s first trillionaire. While even in normal times he is making more each second than a minimum wage worker can hope to earn in a month, his ex wife is worth 37 billion dollars simply for owning a 4 percent stake in the company.

If the coronavirus was truly what brought on the death of the American economy, it was the unparalleled, unsustainable greed of the Jeff Bezos’ of the country and the politicians who they’ve bought that allowed it to do so. In all honesty how can we really identify the coronavirus as the cause of all this economic devastation, when it was the instability lying beneath the surface for so long that truly prompted in all pain and trauma?

There’s no denying that web of trauma this virus continues to inflict on the American people grows more tangled and intricate by the day, and it’s difficult to even put in to words the difference that having a strong safety net would have made. It wasn’t the coronavirus that deprived Americans of universal healthcare, rent freezes, robust and responsive state unemployment offices and websites, or politicians willing to do what’s necessary with policies to protect them. Policies similar to Canada’s, where their citizens are being sent $2,000 a month for the duration of the crisis. Money — it’s worth noting — that came from and belongs to the citizens in the first place, just like it does here.

Above all else, this pandemic served as a mask off moment for the American economy more than anything else. With tens of thousands dead and more getting sick each day, watching our politicians and corporations slowly begin to pressure us to get back to work and in essence become sacrificial lambs for the stock market has been as surreal and barbaric as it is predictable. But of course, all that being said at the same time there has never been a better moment in recent history for the American people to become more conscious of the nation’s shortcomings, and how so much of what we deserve has been structurally deprived from us for so long. As we live the consequences of that deprivation, I’m all too mindful of the fact that history has taught us that the masses will only tolerate so much.

Day by day, we are rapidly approaching the breaking point. What happens when we get there, for better or worse, remains to be seen.

Coronavirus: Economic and Social Collapse: Mass Unemployment, Bankruptcy, Poverty and Despair

There is a serious health crisis which must be duly resolved. But there is another important dimension which has to be addressed.

Millions of people have lost their jobs, and their lifelong savings. In developing countries, poverty and despair prevail.

While the lockdown is presented to public opinion as the sole means to resolving a global public health crisis, its devastating economic and social impacts are casually ignored.

The entire World has been precipitated into a spiral of mass unemployment, bankruptcy and extreme poverty.

October 18, Event 201. New York. Coronavirus nCoV-2019 Simulation and Emergency Preparedness Task Force, John Hopkins Bloomberg School of Health Security. Big Pharma-Big Money Simulation Exercise sponsored by WEF and Gates Foundation

Simulation Exercise of a coronavirus epidemic which results in 65 million dead. Supported by the World Economic Forum (WEF) representing the interests of Financial institutions, the Bill and Melinda Gates Foundation representing Big Pharma.

January 1, 2020: Chinese health authorities close the Huanan Seafood Wholesale Market after Western media reports that wild animals sold there may have been the source of the virus. This initial assessment was subsequently refuted by Chinese scientists.

January 7, 2020: Chinese authorities “identify a new type of virus” which was isolated on 7 January. The coronavirus was named 2019-nCoV by the WHO exactly the same name as that adopted in the WEF-Gates-John Hopkins October 18, 2019 simulation exercise.

January 21-24, 2020: Consultations at the World Economic Forum, Davos, Switzerland under auspices of the Coalition for Epidemic Preparedness Innovations (CEPI) for development of a vaccine program. CEPI is a WEF-Gates partnership. With support from CIPI, Seattle based Moderna will manufacture an mRNA vaccine against 2019-nCoV, “The Vaccine Research Center (VRC) of the National Institute of Allergy and Infectious Diseases (NIAID), part of NIH, collaborated with Moderna to design the vaccine.”

January 30, 2020: Geneva: WHO Director General determines that the outbreak constitutes a Public Health Emergency of International Concern (PHEIC). This decision was taken on the basis of 150 confirmed cases outside China, First case of person to person transmission in US is reported, 6 cases in the US, 3 cases in Canada, 2 in the UK.

The WHO Director General had the backing of the Bill and Melinda Gates Foundation, Big Pharma and the World Economic Forum (WEF). There are indications that the decision for the WHO to declare a Global Emergency was taken on the sidelines of the World Economic Forum (WEF) in Davos (January 21-24) overlapping with the Geneva January 22 meeting of the Emergency Committee.

Both WHO’s Director Tedros as well as Bill Gates were present at Davos 2020. Bill Gates announced the Gates Foundation’s $10 billion commitment to vaccines over the next 10 years.

January 30, 2020 The Simulation Exercise Went Live. The same corporate interests and foundations which were involved in the October 18 John Hopkins Simulation Exercise became REAL ACTORS involved in providing their support to the implementation of the WHO Public Health emergency (PHEIC).

January 31, 2020 – One day later following the launch of WHO Global Emergency, The Trump administration announced that it will deny entry to foreign nationals “who have traveled in China in the last 14 days”. This immediately triggers a crisis in air transportation, China-US trade as well as the tourism industry, leading to substantial bankruptcies, not to mention unemployment.

Immediately triggers a campaign against ethnic Chinese throughout the Western World.

Early February: the acronym of the coronavirus was changed from nCoV- 2019 (its name under the October Event 201 John Hopkins Simulation Exercise before it was identified in early January 2020) to COVID-19.

February 28, 2020: A massive WHO vaccination campaign was announced by WHO Director General Dr. Tedros Adhanom Ghebreyesus

Late February 2020. Collapse of the stock markets, surge in the value of the stocks of Big Pharma.

Early March devastating consequences for the tourist industry Worldwide.

February 24: Moderna Inc supported by CIPI announced that it experimental mRNA COVID-19 vaccine, known as mRNA-1273, was ready for human testing.

Late February 2020. Second wave of transmission of the virus (Worldwide) to a large number of countries.

Late February – Early March: China: More than 50% of the infected patients recover and are discharged from the hospitals. March 3, a total of 49,856 patients have recovered from COVID-19 and were discharged from hospitals in China.

March 7: USA: The number of “confirmed cases” (infected and recovered) in the United States in early March is of the order of 430, rising to about 6oo (March 8). Rapid rise in the course of March.

Compare that to the figures pertaining to the Influenza B Virus: The CDC estimates for 2019-2020 “at least 15 million virus flu illnesses… 140,000 hospitalizations and 8,200 deaths. (The Hill)

Early March: IMF and World Bank To the Rescue

The WHO Director General advises member countries that “the World Bank and the International Monetary Fund have both made funds available to stabilize health systems and mitigate the economic consequences of the epidemic”. That is the proposed neoliberal “solution” to COVID-19. The World Bank has committed $12billion in so-called “aid” which will contribute to building up the external debt of developing countries.

March 7: China: The Pandemic is Almost Over

Reported new cases in China fall to double digit. 99 cases recorded on March 7. All of the new cases outside Hubei province are categorized as “imported infections”(from foreign countries).

March 10-11, 2020: Italy declares a lockdown, followed by several other countries of the EU. Deployment of 30,000 US troops in the EU as part of the “Defend Europe 2020” war games directed against Russia.

March 11, 2020: the Director General of the WHO officially declares the COV-19 Pandemic. Bear in mind the global health emergency was declared on January 3oth without stating officially the existence of a pandemic outside Mainland China.

March 11: Trump orders the suspension for 30 days of all transatlantic flights from countries of the European Union, with the exception of Britain. Coincides with the collapse of airline stocks and a new wave of financial instability. Devastating impacts on the tourist industry in Western Europe.

March 16: Moderna mRNA-1273 is tested in several stages with 45 volunteers in Seattle, Washington State. The vaccine program started in early February:

“We don’t know whether this vaccine will induce an immune response, or whether it will be safe. That’s why we’re doing a trial,” Jackson stressed. “It’s not at the stage where it would be possible or prudent to give it to the general population.” (AP, March 16, 2020)

March 21, 2020: Secretary of State Mike Pompeo while addressing the American people from the White House stated that COVID-19 is a live military exercise.

“This is not about retribution, … This matter is going forward — we are in a live exercise here to get this right.”

With a disgusted look on his face, President Trump replied: “You should have let us know.”

April 8, 2020: Mounting fear campaign led by Western media. Very rapid increase in so-called “confirmed cases”. “1,282,931 confirmed cases of COVID-19, including 72,776 deaths, reported to WHO” (April 8). Mounting doubts on the reported “confirmed cases” of COVID-19. Failures of the CDC’s categorization and statistical estimates.

March- April: Planet Lockdown. Devastating economic and social consequences. The economic and social impacts far exceed those attributed to the coronavirus. Cited below are selected examples of a global process:

Massive job losses and layoffs in the US, with more than 10 million workers filing claims for unemployment benefits.
In India, a 21 days lockdown has triggered a wave of famine and despair affecting millions of homeless migrant workers all over the country. No lockdown for the homeless: “too poor to afford a meal”.
The impoverishment in Latin America and sub-Saharan Africa is beyond description. For large sectors of the urban population, household income has literally been wiped out.
In Italy, the destabilization of the tourist industry has resulted in bankruptcies and rising unemployment.
In many countries, citizens are the object of police violence. Five people involved in protests against the lockdown were killed by police in Kenya and South Africa.