The Growing Revolution Against Globalists

Neenah PayneChina’s First Emperor: Role Model For Globalists Now? shows that most Americans believe that the choice each election is between Democrats and Republicans, liberals and conservatives, left and right. They don’t understand that the real choice has always been between centralization vs. decentralization, between slavery vs. freedom.

The US Founding Fathers understood that choice very clearly when they broke free of the centralized government of the British monarchy. They created a republic governed by a Constitution that has a Bill of Rights with a Tenth Amendment that reserves for the states all powers not specifically given to the federal government. Continue reading

Reasons Why Centralization Is Bad

Paul Rosenberg – The other day a friend contacted me, looking for an article that explained why centralization is bad. At first I was sure there had to be many, but I came up dry. Hence today’s article.

The odd thing about centralization is that people expect its bad aspects to be external things, like economic issues. But those aren’t the most important things. If the internal effects of centralization were recognized, and if we did something about them, the outer problems would vanish with them.

But since everyone expects economic reasons, I’ll start there: Continue reading

Why Has Classical Capitalism Devolved To Crony-Capitalism?

 

CharlesHughSmithHere is the quote that perfectly captures our era: “People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.” (John Kenneth Galbraith) The trick, of course, is to mask the unspoken second half of of that statement: everybody else gets destroyed along with the Elites when the system implodes.

Union pension funds: toast. Government employees’ pension funds: toast. 401Ks: toast. IRAs: toast. The echo-bubble in housing: toast. The Fed’s favorite PR cover to cloak the enrichment of their financier cronies, the wealth effect:toast.

The primary tool the Elites use to mask the risk of complete destruction is magical thinking–specifically, that “given enough time, the system will heal itself.”

That’s rich, considering that the Elites’ primary tool of avoiding destruction is crippling the market’s self-healing immune system: price discovery. Thanks to ceaseless interventions by central banks, the price discovery mechanism has been shattered: want to know the price of risk? It’s near-zero. Yield on sovereign bonds? Near-zero. And so on. Continue reading