by Brandon Smith
Of all the inflationary disasters in modern economic history, Yugoslavia’s is the one most ignored by the mainstream. To be sure, the collapse of the Eastern European nation was a slow burn, but with a big explosion at the end. Most people are familiar with the Serbian/Croatian war and the genocide that followed, but few people are familiar with the economic crisis that led to the conflict.
I am not here to present an in-depth analysis of the eventual breakup of Yugoslavia, only to examine the conditions that triggered it. I believe there are some interesting similarities to burgeoning conditions within the U.S., along with some distinct differences.
The First Stage: Inflation
President Josip Broz Tito led the nation in various capacities from 1953 to 1980. He used two powerful tools to clamp down on unrest in the ethnically-diverse nation: large-scale repression of dissenting voices using both police and military forces, and allowing regional foreign borrowing. The latter might not sound particularly important. According to the CIA’s 1983 national intelligence document Yugoslavia: An Approaching Crisis?:
Although self-management in theory permits workers to own and manage their enterprises, in fact the leaders in the six republics and two provinces… became the dominant economic decision makers.
Gary D. Barnett
By: Gary D. Barnett
“The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.”
~ Eustace Mullins
Money has been said to be the root of all evil, but that is not exactly correct. The root of all evil lies in the hearts of men, and those that control the money and monetary systems are able to control humanity, and in the process create and perpetuate evil. Money itself is like any other useful tool or commodity in that it allows for trade, commerce, and wealth to prosper. Money is normally only used for evil and immoral purposes when rulers and governments, state criminals in other words, gain a monopoly on the issuance, taxation, and control of it, and use it to control others. This cannot happen in a truly free society, but then, free societies no longer exist.
When men succumb to criminal behavior in order to gain illegal wealth, whether in the private or ‘public’ sector, it is a felonious act, but when the most powerful seek to gain control over the entire monetary system, it is for the purpose of gaining total control over entire populations.…
by Brandon Smith
We all knew it was coming; the alternative economic media has been warning about it for years. Eventually, monetary intervention and bailout after bailout by central banks always leads to devaluation of the currency and inflation in prices. Helicopter money always ends in disaster and at no point in history has it ever produced positive long-term results for a society.
The federal reserve has generated trillions in fiat dollars over the course of a single year (on top of the tens of trillions created in the past decade), all in the name of offsetting deflation. This deflation was NOT caused by the pandemic, it was caused by the government response to the pandemic. On top of that, the shutdowns of “non-essential businesses” and the lockdowns in general ended up being useless in slowing the spread of COVID-19.
All the information, all the facts and all the science supports the anti-lockdown crowd. Conservative run states that removed lockdowns and mandates months ago are seeing falling infection and death numbers and local businesses are on the mend. The problem is, government authorities don’t seem to care about this. It appears that their intention is to double down and continue demanding restrictions stay in place for the long haul.…
by Brandon Smith
The concept of infrastructure stimulus has been hyped for decades as a kind of cure-all for economic decline. The propaganda runs parallel to the narrative of the “savior” of the Great Depression, Franklin Delano Roosevelt. In fact, one cannot examine the presidency of FDR without being bombarded with one sided worship of infrastructure spending and the “New Deal.”
The New Deal is often credited in left-leaning literature as being the singular cure for the depression, and FDR by extension has been handed messiah status among leftists. The New Deal is supposedly proof that massive socialized federal and central bank interventions through public works programs is an economic ambrosia. So, it’s not surprising that nearly every president since the Great Depression has argued for an unprecedented infrastructure bill when faced with economic collapse. A large portion of the public on both sides of the aisle has been trained to think these programs will save us.
Biden, in particular, has made historic stimulus spending the very first platform of his administration, and consistently cites FDR and Lyndon Johnson as patron saints of his infrastructure bill. If it worked for them, then obviously it will work for him… right?
Actually, the New Deal wasn’t a great deal
In reality, the public works and welfare programs of FDR in particular had very little to do with the ending of the Great Depression.…
Gary D. Barnett
“In the magical universe there are no coincidences and there are no accidents. nothing happens unless someone wills it to happen”
~ William S. Burroughs
During this time of a non-existent ‘virus’ pandemic, world lockdowns, mass business closings, economic failure, growing bankruptcies, panic, and starvation, the rich are laughing all the way to the bank. Coincidence? There is no such thing as coincidence, as everything happens for a reason, and in this case that reason is clear. Everything that is happening today was planned long ago, so the obvious question is why are the richest not affected by any fake virus like the rest of us, and in fact have been able to use this farce to gain massive wealth in a structured time of chaos? The only logical answer to this question rests on the fact that they knew exactly what was coming and when, and how to profit from it.
The multi-billionaires are part of the big club, the one that you and I are not allowed to join. That club is made up of those that hold all the strings of the political puppets, and those that call the shots. These are the self-claimed ‘elites’ that make up the top tier of the oligarcal pyramid of power, and that walk in the halls of the big banks, corporations, and tax-free foundations.…
Covid-19 as it is called, was invented for many reasons, none of which are more evident than as cover for the coming economic collapse. Long before the fake pandemic, that collapse was already imminent, but now it can take place in plain sight, as the eyes of the masses will remain blind to the truth. The planned global reset is in the works, and in order to accomplish such a task as this, the current economic system will have to be eliminated in favor of a digitized system designed for total control over the current monetary order and the people themselves. This dystopian nightmare is well underway, but the American people are not prepared for the destruction of the economy at every level from money to food. What is coming is an economic nightmare.
Forgetting for a moment all that is to come this fall and spring, and after, just try concentrating on how devastating this government response to this manufactured pandemic has been to date. That alone should send chills up the spine of any paying attention to what is happening and will happen to this economy. There is no need to go into the vast complexities of economic theory to see the imminent risk we face.…
While it is still not commonly held in mainstream discourse that humanity could survive and even thrive without some form of monetary exchange, more and more people that are starting to trace their general discontent about contemporary society to its source are finding money and profit motive at the root of it.
Perhaps the first of the knee-jerk reactions some people might have to the idea of shifting into a money-free system is the sinking feeling of watching their hard-earned wealth evaporate into nothingness, which they might equate with abject poverty. We are so programmed to equate money with abundance that we don’t understand what abundance truly is.
Without money, each individual would naturally be entitled to their share of all the resources in the world, and that would never change. But how would such a system work?
The baby-boomer generation were perhaps the most privileged generation that the US has ever spawned. Their fathers returned from World War II, eager to get married, buy a house and start a family. The economy was booming, as, during the early years of the war, the US wisely stayed out, but provided tanks, helmets and even toothbrushes to those who were directly involved in the fray. What’s more, they didn’t accept pound notes or francs; they accepted only gold. So, at the end of the war, when the manufacturing cities of Europe had been destroyed by bombs, the male populations decimated and the governments broke, the US was on a roll. They had most of the world’s gold and had first-rate manufacturing facilities that only had to switch from making jeeps and rifles to making cars and televisions. That wave of wealth allowed the young married couples to spoil their children with whatever they wanted.
The scapegoating has already started. In almost every sector of the economy that is collapsing, the claim is that “everything was fine until the pandemic happened”. From tumbling web news platforms to small businesses to major corporations, the coronavirus outbreak and the national riots will become the excuse for failure. The establishment will try to rewrite history and many people will go along with it because the truth makes them look bad. And what is the truth? The truth is that the U.S. economy – and in some ways, the global economy – was already collapsing. The system’s dependency on ultra-low interest rates and central bank stimulus created perhaps the largest debt bubble in history – the Everything Bubble. And that bubble began imploding at the end of 2018, triggered primarily by the Federal Reserve raising rates and dumping its balance sheet into economic weakness, just like it did at the start of the Great Depression. Fed Chair Jerome Powell knew what would happen if this policy was initiated; he even warned about it in the minutes of the October 2012 Federal Open Market Committee, and yet once he became the head of the central bank, he did it anyway.…
Coronavirus has long been known to virologists. It’s a seasonal virus that mutates somewhat each year. In the past, it’s routinely been dealt with through treatments that are both cheap and plentiful. And yet, somehow, the release of corona in its latest mutation has been co-opted to justify a social and economic shutdown in over one hundred countries. More than ninety-nine percent of those who catch it are likely to make a full recovery. Children seem to be almost totally immune to its effects. And front-line doctors are reporting that the “presumed positive” cases and presumed deaths are greatly exaggerated beyond the actual. Yet, Bill Gates has stated repeatedly that, “Things won’t go back to normal until we have a vaccine that we’ve gotten out to, basically, the entire world.” This message, although it has been backed by no scientific basis whatever (and proffered by someone with no medical training whatever) has been echoed daily by the media as gospel.