Category Archives: collapse

The United States of Hubris

hubris of empire

If anyone should have any questions about whether the United States of America is not the most aggressive, warlike, and terroristic nation on the face of the earth, its latest proposed action against the supposed rogue state of North Korea should allay any such doubts.

Last week, the US circulated a draft resolution which it intends to present to the UN Security Council that would give the American Navy and Air Force the power to interdict North Korean ships at sea to determine if they were transporting “weaponry material” or fuel and that US forces would be given “the right” to use “all necessary measures” to “enforce compliance.”*

Not surprisingly, Nikky Haley, the blood-thirsty and incompetent American Ambassador to the UN, has enthusiastically backed the resolution, utterly clueless of its ramifications if passed, the most horrific of which would be the igniting of WWIII.  Trump’s selection of the neocon mouthpiece as UN Ambassador has been a disaster on several fronts: first, it was an early and quite telling sell out of his political base whom he promised an American First foreign policy of less belligerency and intervention.  Second, Haley had no foreign policy experience and has made a fool of herself internationally on more than one occasion with her inane statements.

That the US is even considering such a provocative scheme once again shows the hubris which exists within its vast corridors of power.  Any other country which would suggest such an audacious act would be rightly condemned, ostracized, and labeled as a rogue state.  Yet, it is US lawmakers, policy wonks, and the CIA/NSA-directed American press corps that charge others (mostly those who do not kowtow to US dictates) of “terrorism.”

This year, as of yet, North Korea has not been responsible for a single death of a foreign national.  Nor has the tiny communist state ever used a nuclear weapon against an enemy like the US did with its immoral and hellish destruction of two Japanese cities, Hiroshima and Nagasaki at the conclusion of WWII.

On the other hand, since the start of the Trump Presidency, US-backed forces have been responsible for the deaths of some 3700 civilians in Mosul, Iraq.**  This is not to mention its murderous armed strikes in Yemen and Afghanistan.  Nor is American aggression limited to direct military action, but its arms supply sales to despots and its puppets has escalated tensions and makes conflicts that do break out much more brutal.

Fortunately, for the future of global peace, US hegemony is coming to an end.  The nation is hopelessly broke while its welfare/warfare economy is beyond reform and faltering badly which means that when the inevitable collapse does happen, it will mean the end or a serious pull back of the Empire.  A similar situation took place in Great Britain in 1945 after it took part in another senseless global conflict which liquidated the British Empire once and for all.

Any sober thinking realist would recognize the deteriorating societal and economic conditions at home, yet because of the collective hubris embedded in the political class, American bellicosity continues.

The last hope of changing US overseas affairs in a peaceful direction was Donald Trump who throughout the campaign spoke of an American First foreign policy which garnered widespread support.  Within Trump’s foreign policy statements, however, there were many troubling ones: call for increased defense spending, “wiping out ISIS,” updating the nation’s nuclear arsenal, putting an end to the North Korean “problem.”  The encouraging words about non-intervention and getting along with Russia were quickly scuttled while the militaristic side of Trump’s campaign rhetoric has won the day.

History is replete with examples of hubristic regimes which appeared invincible and everlasting, but quickly fall with severe and quite nasty retribution from their enemies.  While the US goes about the world threatening, bombing, and destabilizing those it does not like, it too, possibly in the not too distant future, will face the deserved wrath of those it has humiliated and terrorized.

*David E. Sanger, “U.S. Seeks U.N. Consent to Interdict North Korean Ships.”  New York Times.  6 September 2017.

**Adam Johnson, “Corporate Media Largely Silent on Trump’s Civilian Death Toll in Iraq.”  Fair.  19 July 2017.  http://fair.org/home/corporate-media-largely-silent-on-trumps-civilian-death-toll-in-iraq/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

The Student Loan Bubble and Economic Collapse

student loan bubble III

The inevitable collapse of the student loan “market” and with it the takedown of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years.  Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.

The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data:

  • The US has around $1.3 trillion in non dischargeable loans to students
  • Over 120 billion in student loans are already in default
  • 27% of students are a month behind on their payments*

As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.

Not only have colleges and universities been havens of leftist thought for many years, but they have become ridiculously expensive and beyond the reach of most middle-class income earners to afford without going into significant debt.  Moreover, the incessant barrage by the Establishment about the necessity of a college degree has distorted the labor market to where worthless, debt-ridden degrees are pursued instead of much needed blue-collar employment.  The readjustment of the labor market to a proper balance will not only take time, but it will be a costly, painful process.

While the “hard” sciences have not been as effected by the Left, the social sciences have long been an intellectual wasteland devoid of any freedom of thought or opinion.  Promotion and recognition of academic excellence is, more often than not, based on diversity and one’s skin color not merit.  Arguably, economic science has been the most corrupted discipline.  Economics departments of major universities are now training grounds for employment in state and federal bureaucracies, the banking industry, and Federal Reserve where Marxism, Keynesianism, neo-Keynesianism or whatever kooky, nonsensical theory of the day can be put into practice.

While higher education has long been hostile to the ideals of Western Civilization, it is now explicitly a bastion of anti-white discrimination and hostility especially against white heterosexual men.  Few days now pass where there is not an incident, many of which are approved by school authorities, blatantly attacking white Americans or symbols that supposedly represent them.

Of course, the higher education apparatchiks have had an easy time in their brainwashing task since the impressionable minds in their charge have been indoctrinated by twelve years of public “schooling.”  Not only has the public school been a mechanism of social engineering, but it has constantly pushed its chattel to continue their “education” at the collegiate level.

The Trump Administration and most on the Right have failed to grasp the liberalistic bias of American education.  Education Department Secretary Betsy DeVos has spoken about “competition” via school choice, vouchers, magnet and charter schools to increase school and student performance.  The Administration’s proposed 2018 education budget calls for an increase in federal spending on school choice by $1.4 billion, a $168 million increase for charter schools, and a $1 billion increase for Title I “to encourage school districts to adopt a system of student-based budgeting and open enrollment that enables Federal, State, and local funding to follow a student to the public school of his or her choice.”**

These shopworn ideas and policies are not only fundamentally flawed and will make matters worse, but they will do nothing to counteract and or end the Left’s domination of education.  Instead, President Trump should do what he spoke of at times on the campaign trail and what President Reagan promised to do, but never did – abolish the Department of Education!

While the collapse of the student loan bubble may be the catalyst for a general financial downturn and will certainly be the cause of tremendous social pain and dislocation, it will, nevertheless, be a necessary prerequisite if America and, for that matter, the Western world is to ever break the grip of leftist ideology which rules it.  May the bursting of the student loan bubble commence!

*Tyler Durden, ‘”Staggering’ Student Loan Defaults On Deck: 27% Of Students Are A Month Behind On Their Payments.”  Zero Hedge.  15 April 2017. http://www.zerohedge.com/news/2015-04-15/staggering-student-loan-defaults-deck-27-students-are-month-behind-their-payments

**Jade Scipioni, “Why Betsy DeVos Is Visiting This Ohio School Today.”  Fox Business.  20 April 2017.  http://www.foxbusiness.com/features/2017/04/20/why-betsy-devos-is-visiting-this-ohio-school-today.html

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

 

 

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

fractional reserve banking II

The Trump Administration has presented the first part of its plan to overhaul a number of Wall Street financial regulations, many of which were enacted in the wake of the 2008 financial crisis.  The report is in response to Executive Order 13772 in which the US Treasury Department is to provide findings “examining the United States’ financial regulatory system and detailing executive actions and regulatory changes that can be immediately undertaken to provide much-needed relief.”*

In release of the first phase of the report, Treasury Secretary Steven T. Mnuchin stated: “Properly structuring regulation of the U.S. financial system is critical to achieve the administration’s goal of sustained economic growth and to create opportunities for all Americans to benefit from a stronger economy.  We are focused on encouraging a market environment where consumers have more choices, access to capital and safe loan products – while ensuring taxpayer-funded bailouts are truly a thing of the past.”**

Some of its highlights include:

  • Community financial institutions – banks and credit unions – are critically important to serve many Americans
  • Capital, liquidity and leverage rules can be simplified to increase the flow of credit
  • We must ensure our banks are globally competitive
  • Improving market liquidity is critical for the U.S. economy
  • The Consumer Financial Protection Bureau must be reformed
  • Regulations need to be better tailored, more efficient and effective
  • Congress should review the organization and mandates of the independent banking regulators to improve accountability***

 

Not surprisingly, most of the banking industry expressed support for the report, critics (mostly Democrats) pointed out that it would lead to the type of practices that produced the 2008 panic in the first place.  Both opponents and those in favor as well as the clueless financial press fail to grasp the underlying cause of not only the recent crisis, but the majority of those which have occurred for the past century.

Quite simply: the fundamental cause of the 2008 financial crisis was fractional-reserve banking (FRB).  FRB is the practice whereby banks keep a “fraction” of the funds deposited by customers in their vaults lending out the rest at interest and “profit.”  Banks are thus inherently unstable since if all depositors came at once and demanded their money (a “bank run”), banks could not be able to redeem their deposits.  Moreover, FRB encourages banks to engage in exceedingly speculative and risky behavior which creates unsustainable bubbles throughout the economy.

The nation’s central bank, the Federal Reserve, was created by the banksters and politicos to enshrine this immoral and economically ruinous practice into the heart of the American financial landscape.  Any “reform” of Wall Street’s financial practices that does not address FRB by doing away with it and the institution (the Fed) which enables it to exist, is doomed.

The banks in collusion with the Fed are able to expand the money supply through this process while enriching the banksters’ balance sheet.  On the macro level, the creation of money through FRB is the genesis of the destructive boom-bust cycle.

This is why banks and the entire financial system are so prone to reoccurring crisis and no regulation, reform, or Treasury Department “findings,” can make such a system “stable.”  The only true reform is to abolish FRB and establish a monetary order that requires all financial institutions to keep 100% reserves of depositors’ assets.

The Treasury Department’s recommendations are mere window dressing by the very banksters whose opulent livelihoods are predicated on FRB.

The elimination of FRB would go beyond a beneficial financial revolution, but would affect the foreign policy of the USSA.  Without the ability to create money via FRB, the murderous American Empire could simply not exist, nor would the nation’s draconian domestic security state.

With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis and what will assuredly lead to a far bigger mess down the road.  If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever.

*U.S. Department of the Treasury, “A Financial System That Creates Economic Opportunities.”  6 June 2017.  https://www.treasury.gov/press-center/press-releases/Pages/sm0106.aspx

**Ibid.

***Ibid.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

Why is North Korea Being So Unreasonable?

north-korea disarmament

On April 28, Secretary of State Rex Tillerson told the U.N. that North Korea “must dismantle its nuclear missile programs” before the US “can even consider talks.”*

Sounds reasonable.

Why hasn’t the Kim Jong-Un regime responded with open arms and shouts of joy for this generous and fair-minded proposal from Uncle Sam?

Maybe it is because North Korea not only has first-hand knowledge of US “diplomacy,” but it can point to the grisly consequences that happen to regimes that do not have nuclear capabilities when they fall out of favor with Washington war mongers.  Serbia, Afghanistan, Iraq, Libya, Syria are just some recent examples.

Nor does North Korea have to look around the globe for what the US does to nations without nuclear arsenals, but can recall events which took place not so far away.  For more than a decade, America mercilessly pulverized the little, defenseless country of Vietnam.  Despite the destruction and mass murder inflicted, it was to no avail except, of course, to line the pockets of arms manufactures while American citizens were drained of their wealth and blood.

Or simply, Kim Jong-Un can look at his nation’s own history and see how the US treated it prior to it becoming nuclear.  In the “police action” of 1950-53, American coalition forces killed over 3 million North Koreans and dropped more bombs on the country then were used on Japan in World War II according to international war crimes lawyer Christopher Black.**

And, why would North Korea or, for that matter, anyone else have any faith in diplomatic agreements with the US which consistently violates terms of international accords and often complains afterwards when agreements are reached.  The latest example is President Trump carping that Iran is not living up to the “spirit” of the nuclear deal concluded under the Obummer Administration and signed off on by six major world powers.

North Korea, as well as the rest of the world, which is not bribed or threatened by the US Deep State, is certainly aware that the two American-Iraqi Wars had their origins due to American duplicity.  While it originally gave Saddam Hussein permission to intervene in Kuwait, the US then reneged blaming the Iraqi strongman which thus laid the groundwork for his murder and the country’s destruction.

Not only can North Korea look to the murderous and duplicitous US foreign policy record, but it can point to how the American state has killed its own citizens from its involvement in the take down of the World Trade Center, to the gassing and slaughter of men, women and children at Waco, Texas.  Moreover, the federal government and now local authorities are terrorizing their citizens with increasing regularity via a number of false flag events and drills.

By all means, the Kim Jong-Un regime should come to its senses and acquiesce to US demands.

Unfortunately, because it is an authoritarian society based on the immoral and economically unworkable system of communism, North Korea is unable to make an ethical case against the hypocrisy of the US which accuses Syria and others of human rights violations, yet has allowed the slaughter of innocent babies of some 40 million since the legalization of abortion in 1973.  Moreover, in another societal-wrecking and depraved act, the US Supreme Court has sanctioned sodomy, one of the four sins that cry to heaven for vengeance.

While no single entity can militarily challenge US hegemony, a reversal of the murderous ways of American foreign policy will only come about through a change in ideology on the home front.  Once the justification for empire is debunked in the court of public opinion, the mobilization of anti-war/anti-empire movement can commence.

After generations have been inculcated by the media, public schools, colleges/universities and the government about the glories of the US military, it is unlikely that there will be any paradigm shift in American foreign policy matters anytime soon.  Only an economic collapse or severe enough financial panic will force the US to pull back on its overseas adventurism.

In the meantime, if Kim Jong-Un intends to survive and keep his country from resembling Iraq or Syria, he should maintain his “unreasonable” stance when the likes of Rex Tillerson demand that North Korea disarm.

*Tyler Durden.  “Trump Slams ‘Disrespectful’ North Korea After Unsuccessful Missile-Test, Warns Situation is ‘Bad.'”  28 April 2017. http://www.zerohedge.com/news/2017-04-28/north-korea-test-fires-another-ballistic-missile

**Christopher Black.  “North Korea: The Grand Deception Revealed.” New Eastern Outlook.  3 March 2017.   http://journal-neo.org/2017/03/13/north-korea-the-grand-deception-revealed/

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com

The American Empire and Economic Collapse

American Empire Collapse

Despite the widespread hope among libertarians, classical liberals, non-interventionists, progressive peaceniks, and all those opposed to the US Empire that it may have some of its murderous reins pulled in with the election of Donald Trump, it appears that such optimism has now been dashed.  While the hope for a less meddlesome US foreign policy is not completely extinguished and would never have existed had the Wicked Witch of Chappaqua been elected, a number of President Trump’s foreign policy actions, so far, have been little different than his recent predecessors.

President Trump’s biggest blunder was his acquiesce to the Deep State’s coup of General Michael Flynn, the most Russian friendly among Trump’s foreign policy entourage.  Since Flynn’s abrupt departure, there has been little talk of a rapprochement with Russia, but instead there has been continued saber rattling by the war mongers that Trump has, unfortunately, chosen to surround himself with.

The most recent Russian badgering has come from Secretary of Defense, James “Mad Dog” Mattis who wrongly accused it of “bad behavior:” “Russia’s violations of international law are now a matter of record from what happened with Crimea to other aspects of their behavior in mucking around other people’s elections and that sort of thing.”* Of course, the US has never tried to influence the outcomes of elections or “mucked around” in the affairs of sovereign countries, heaven forbid!

While candidate Trump correctly spoke of the Iraqi War as a disaster and US Middle Eastern policy as a failure, he has done little to alter course in the region, but continues to follow and has, in some instances, escalated tensions.  Some ominous examples:

Bombing raids of Mosul killing over 200 civilians

The deployment of another 1,000 ground troops to Syria

Additional US ground troops “expected” to be deployed to Afghanistan

Continuous threats to Iran – “put on notice”

In the Far East, President Trump has done little to alleviate hostilities.  In a belligerent March tweet during Secretary of State, Rex Tillerson’s trip to the region, he wrote: “North Korea is behaving very badly.  They have been ‘playing’ the United States for years.  China has done little to help.”**

A number of perceptive commentators think otherwise and have shown that it has been the US over the years that has acted disingenuously.  “Despite Western media demonization of North Korea as some kind of crazy rogue state,” Finian Cunningham points out, “the people there are not fools.  They know from family histories the atrocious cost of American war.  And they know that any nation perceived as weak by Washington will be bombed back to the Stone Age.”***

These trends, and the President’s unnecessary request for increased “defense spending,” all point to more of the same for US overseas relations.  In fact, there will most likely be continued military escalation if the likes of General “Mad Dog” Mattis get their way.

It is now apparent that the only way in which significant change will come about in American foreign affairs will be if there is a severe financial crisis which impairs the nation enough so that it can no longer bankroll its military adventurism.  History has a number of examples of this.

Great Britain, who the US Empire is largely patterned after, lost its empire when it became financially exhausted due, in large part, to its insane decision to enter the two World Wars of the past century.  To fight in those conflagrations drained Britain of its wealth and devastated it demographically which it, and the rest of Europe, has never recovered.

The US is heading down a similar path of decline as it has squandered its wealth and treasure in the maintenance of an overseas empire while it has expanded its welfare state at home, meaning less wealth which can be tapped from an increasingly unproductive and parasitic populace.  Couple this with an onerous tax burden, an inflationist monetary policy which has destroyed the purchasing power of the dollar, and gargantuan public debt and you have primed the country for a financial cataclysm.

Despite the dramatic fall in the standard of living and the immense social strife and unrest that an economic collapse would bring about, there is a silver lining.  Like Great Britain before it, a financial crisis and/or the loss of the dollar as the world’s reserve currency would force the US to abandon its overseas empire – closing bases, bringing troops home, and stopping intervention in the myriad of arenas across the planet.

A defunct US Empire would also be bad news and mean grisly retribution for all those lackeys and puppets who have been supported and propped up by American might: another positive aspect to the end of the Empire.

The collapse will mean America, too, will face reprisals from all those who have suffered under its hegemony.  The payback will come from both economic warfare as the US has used through its “Dollar Diplomacy” to control and manipulate foreign economies and by some sort of military humiliation.

The impact of an economic collapse could be mitigated somewhat if the US abandoned its role as global policeman as resources squandered abroad could be then available for the rebuilding of the domestic economy while, at the same time, hostility with America’s adversaries would be reduced.

Unless President Trump replaces the warmongers and interventionists which he has unwisely surrounded himself with and return to his wildly popular campaign promise of an American First foreign policy, the US Empire will remain the greatest threat to world peace that currently exists.  If things continue as such, it will only be through the comeuppance of Economic Mother Nature when She bursts the American bubble economy that the Empire upon which it rests will, at long last, come to a fitting and much needed end!

*Ellen Mitchell, “Mattis Says Response Coming Soon on Russia Arms Treaty Violation.”  The Hill.  31 March 2017.

**Pamela Engel, “Trump: North Korea is ‘Behaing Very Badly,’ and China ‘Has Done Little to Help.'”  Business Insider17 March 2017.

***Finian Cunningham, “Only a Fool Would Trust Rogue State USA.”  Sputnik Internaional.  19 March 2017.

Antonius Aquinas@AntoniusAquinas

https://antoniusaquinas.com/