Welfare-Warfare State

France adds Jersey, Bermuda to tax-haven blacklist

"France has added Jersey, Bermuda and the British Virgin Islands to its list of uncooperative tax havens. The entry gave no reason for the move. According to data compiled by the French government through to August 2011, Jersey and Bermuda had responded to all French requests for information. The British Virgin Islands had responded to 31 out of 41 requests. Tax has always been a sensitive issue for France, which has among the highest tax takes in the developed world, but President Francois Hollande has been under pressure to regain the initiative after the embarrassing resignation of his budget minister this year over a secret Swiss bank account." Continue reading →

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France backs action on Syria as U.S. seeks coalition

"French President Francois Hollande gave a boost Friday to US hopes of forging an international coalition for possible strikes against Syria after British lawmakers rejected any involvement in military action. The White House had signalled Thursday that President Barack Obama, guided by the 'best interests' of the United States, was ready to go it alone on Syria after deadly chemical weapons attacks last week. But Russia, the Syrian regime’s most powerful ally, warned any military strikes would 'deal a serious blow to the entire system of world order'. While Germany and Canada ruled out joining any military strikes, Hollande said the British vote would not affect his government’s stance." Continue reading →

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The Trick to Suppressing Revolution: Keeping Debt/Tax Serfdom Bearable

"In a way, a belief in the value, transparency, trust and reciprocity of the System is like a religious belief. The converts, the true believers, are the ones who work like crazy for the company or the service. And when the veil of illusion is tugged from their eyes, then the Believer does a reversal, and becomes a devout non-believer in the System. He or she drops out, moves to a lower position, or 'retires' to some lower level of employment. At what point do people choose to opt out of debt/tax-serfdom? What triggers their decision to renounce debt, go off the financial grid, and escape serfdom by fashioning a low-cost lifestyle in the cash economy?" Continue reading →

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The Empire’s Next Effort to Extract Your Wealth

"Since before the tech bust, we’ve been suggesting that while Americans 'think' they’re getting richer… they’re actually heading in the other direction. They’re getting poorer. This proposition has been easier for folks to entertain since housing busted and the financial crisis reversed the “wealth effect” in 2008. With that in mind, let’s take a look at the logic of the American Empire and what you can expect in the year(s) ahead." Continue reading →

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Why Conservatives Accept High Taxes, the Federal Reserve System, and Fiat Money

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"The alliance between the modern welfare state and the modern warfare state is based on the legitimacy of an ever-growing federal government: an ever-growing federal deficit, ever-increasing tax rates, and the permanence of the Federal Reserve. The liberals do not want to change the prevailing political system, and neither do the conservatives. The liberals want their welfare checks to go out, and so to the conservatives. The liberals want to push foreign nations around, and so to the conservatives. This is why taxes will not go down, the Federal Reserve will not be abolished, and the gold coin standard will not be re-established until such time as the Great Default bankrupts the federal government." Continue reading →

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Our American Dream Has Become The World’s Nightmare.

"Shortly after the 2003 intervention into Iraq I remember viewing a TV interview with Noam Chomsky where he compared America's pre-emptive actions there with Nazi Germany's invasion of Poland in 1939. At the time I thought his language was over-the-top and quite disingenuous. America was not National Socialist Germany. But Chomsky was precisely and prophetically correct. Everything from the time of 9/11 has been propelling the United States into an authoritarian fascist state. Our American dream has become the world's nightmare. Where other nations once viewed us with emulation and envy, now it is with fear, loathing, and revulsion. We have become what our parents fought WWII against." Continue reading →

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Why Is the U.S. Destabilizing One Country After Another?

"[..] Sixth, the military-industrial complex and its lobbies on the Hill thrive on the profits, the work of war, the advancements, and the demand for their services that instability brings. The DHS thrives on an atmopshere of war and fear. Members of Congress thrive on making speeches about promoting rights and democracy, even though they are promoting war, instability, refugees and death. The State Department appears to have abandoned diplomacy and become subservient to the neocon influences. Seventh, the U.S. has a ready-made pro-war interest group in many churches. [..]" Continue reading →

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How Empires Fall

"Rome didn't fall so much as erode away, its many strengths squandered on in-fighting, mismanagement and personal aggrandizement/corruption. More telling for the present is Goldsworthy's identification of expansive, sclerotic bureaucracies that lost sight of their purpose. The top leadership abandoned the pursuit of the common good for personal gain, wealth and power. This rot at the top soon spread down the chain of command to infect and corrupt the entire institutional culture. As the empire shrank and lost tax revenues, the Imperial bureaucracies continued growing, much as parasites attach themselves to a weakened host." Continue reading →

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Spendopedia: Federal waste collection site opens on Internet

"Has government waste become so bad that we need an encyclopedia to keep track? One watchdog group seems to think so and has started a publicly edited, crowdsourced website that compiles cases of fiscal abuse, modeled after the popular site Wikipedia. Spendopedia, launched this month, is an attempt to organize examples of fiscal waste into a central, easily searchable database. The site documents programs that have been labeled as wasteful by news organizations, members of Congress or federal investigators. The website catalogs more than 100 examples of waste, including a lavish conference of the GSA and excessive severance packages at the Energy Department." Continue reading →

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Bill Bonner: ‘Return to Zombieland’

"It’s a gold rush. People now come to Washington to get rich. That was never the defining ethic of the town, certainly 30 years ago. There is now so much money. It is now the wealthiest community in the United States. It is home to 7 of the wealthiest 10 counties in the United States. If you can sell yourself as someone who knows how Washington works, someone who has these relationships, someone who can get on the phone and get the president of the United States… that’s a very, very marketable commodity. I mean, if you are seen as someone who knows how this town works, someone who is a usual suspect in this town, you can dine out for years. That’s why no one leaves." Continue reading →

Continue ReadingBill Bonner: ‘Return to Zombieland’