ThePythonicCow
3rd March 2014, 04:56
In his latest blog post, Who Gets Thrown Under the Bus in the Next Financial Crisis? (http://www.oftwominds.com/blogmar14/throw-under-bus3-14.html),Charles Hugh Smith addresses the question of which Americans will suffer the most in the next financial crisis.
In Smith's analysis, the dominant power, which he calls the "Deep State", is the National Security State which enables a vast Imperial structure that incorporates hard and soft power--military, diplomatic, intelligence, finance, commercial, energy, media, higher education--in a system of global domination and influence.
This resembles, in my view, the same hidden state that Joseph P. Farrell is referring to when he speaks of a Hidden Global Finance System (Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion), a system of power and finance that is completely independent of the publicly-visible global finance system.
Smith holds that this Deep State, not the big banks or publicly-visible global finance system, are the dominant power over humanity.
Smith concludes that this Deep State will choose not to allow the U.S. to collapse, as the U.S. is too valuable to the Deep State as the crown jewel of its power. Hence, unlike many other nations (Greece, Spain, Egypt, Syria, Ukraine, Libya, Thailand, Venezuela, the Arab Spring, the Colour Revolutions, etc., etc. (http://en.wikipedia.org/wiki/List_of_ongoing_protests)), where popular revolts have occurred that overthrew or threatened to overthrow governments, the Deep State does not want such a popular uprising to threaten their control of the U.S.
"A hungry mob is a angry mob." (Bob Marley (http://www.oldielyrics.com/lyrics/bob_marley/them_belly_full_but_we_hungry.html)).
There is beyond doubt a pile of debt, derivatives and other such promises to pay that vastly exceeds what is actually available. That pile will collapse. Most of those debts and other such instruments of financial entanglement will fail. That's a given. The public finance institutions, such as the US Federal Reserve, the US Treasury and the Too Big to Fail Banks, have exceeded their mandate too far.
The point of Charles Hugh Smith is that the Deep State (the "bastards in power", as I would term them) will have considerably say in how this collapse occurs. They have a choice between starving millions of Americans, in the manner done in so many other nations prior to bringing in IMF austerity measures, or they can collapse this pile of debt and derivative paper, keeping most Americans at least minimally fed with social programs (e.g. "food stamps") and a still partially functioning economy.
Charles Hugh Smith predicts that the Deep State will choose to take out the publicly visible financiers, allowing the debt to fail and markets to crash, rather than allowing mass riots, uprisings and revolution in the American streets.
The US Military and the US Gestapo (aka Dept. of Homeland Security) may well be planning for riots in the American streets, but not because they expect to be overwhelmed by those riots, but because they expect to maintain the upper hand and to quell any such riots before the bulk of Americans become actively involved. This I anticipate will be easily accomplished. Given the mass surveillance, the mass police/military power and the mass propaganda (aka "News") institutions on the side of the government, and given the mind numbed passive state of most Americans, it's a nearly certain bet that for each rioter, there will be a thousand catching glimpses of that rioter from the safety of their sofa, viewing their television screen, munching their toxic, nutrient deprived snacks, drinking their fluoridated water, ...
For a good read, and for what might be the most accurate forecast of what's in store for Americans, read Charles Hugh Smith's Who Gets Thrown Under the Bus in the Next Financial Crisis? (http://www.oftwominds.com/blogmar14/throw-under-bus3-14.html).
In Smith's analysis, the dominant power, which he calls the "Deep State", is the National Security State which enables a vast Imperial structure that incorporates hard and soft power--military, diplomatic, intelligence, finance, commercial, energy, media, higher education--in a system of global domination and influence.
This resembles, in my view, the same hidden state that Joseph P. Farrell is referring to when he speaks of a Hidden Global Finance System (Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion), a system of power and finance that is completely independent of the publicly-visible global finance system.
Smith holds that this Deep State, not the big banks or publicly-visible global finance system, are the dominant power over humanity.
Smith concludes that this Deep State will choose not to allow the U.S. to collapse, as the U.S. is too valuable to the Deep State as the crown jewel of its power. Hence, unlike many other nations (Greece, Spain, Egypt, Syria, Ukraine, Libya, Thailand, Venezuela, the Arab Spring, the Colour Revolutions, etc., etc. (http://en.wikipedia.org/wiki/List_of_ongoing_protests)), where popular revolts have occurred that overthrew or threatened to overthrow governments, the Deep State does not want such a popular uprising to threaten their control of the U.S.
"A hungry mob is a angry mob." (Bob Marley (http://www.oldielyrics.com/lyrics/bob_marley/them_belly_full_but_we_hungry.html)).
There is beyond doubt a pile of debt, derivatives and other such promises to pay that vastly exceeds what is actually available. That pile will collapse. Most of those debts and other such instruments of financial entanglement will fail. That's a given. The public finance institutions, such as the US Federal Reserve, the US Treasury and the Too Big to Fail Banks, have exceeded their mandate too far.
The point of Charles Hugh Smith is that the Deep State (the "bastards in power", as I would term them) will have considerably say in how this collapse occurs. They have a choice between starving millions of Americans, in the manner done in so many other nations prior to bringing in IMF austerity measures, or they can collapse this pile of debt and derivative paper, keeping most Americans at least minimally fed with social programs (e.g. "food stamps") and a still partially functioning economy.
Charles Hugh Smith predicts that the Deep State will choose to take out the publicly visible financiers, allowing the debt to fail and markets to crash, rather than allowing mass riots, uprisings and revolution in the American streets.
The US Military and the US Gestapo (aka Dept. of Homeland Security) may well be planning for riots in the American streets, but not because they expect to be overwhelmed by those riots, but because they expect to maintain the upper hand and to quell any such riots before the bulk of Americans become actively involved. This I anticipate will be easily accomplished. Given the mass surveillance, the mass police/military power and the mass propaganda (aka "News") institutions on the side of the government, and given the mind numbed passive state of most Americans, it's a nearly certain bet that for each rioter, there will be a thousand catching glimpses of that rioter from the safety of their sofa, viewing their television screen, munching their toxic, nutrient deprived snacks, drinking their fluoridated water, ...
For a good read, and for what might be the most accurate forecast of what's in store for Americans, read Charles Hugh Smith's Who Gets Thrown Under the Bus in the Next Financial Crisis? (http://www.oftwominds.com/blogmar14/throw-under-bus3-14.html).