Charles Hugh Smith ~ Globalization = Permanent Instability

“Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital.” – C H Smith

CharlesHughSmithGlobalization has two guaranteed consequences: permanent instability and endless boom-and-bust cycles. As noted in Forget “Free Trade”–Focus on Capital Flows, the key engine of globalization is mobile capital: capital that can borrow money for next to nothing in one nation and then move that capital to other nations where yields are higher and opportunities for exploitation riper.

This mobility of capital is an enormous benefit to the owners of the capital, but it creates extraordinary instability for those who are not as mobile. When mobile capital encounters anything that reduces profits–higher taxes and rising labor costs, competition or restrictive regulations–it closes factories and fires its workers in that locale and shifts to another locale with greater opportunities for high returns.

The workers left behind have limited means to replace the lost wages, and the local government often has few resources to repair any damage left by the exploitation of resources. The advantage of mobility is reserved for capital, and to the relatively limited cohort of workers who can immigrate to other nations to find work.

This illustrates two key ontological characteristics of financialized globalization: perpetual instability and a never-ending cycle of boom and bust as capital sparks rapid development in one locale and then moves elsewhere once profits decline. Continue reading

Pam Martens ~ Why Does The U.S. Senate Need A Petition Drive To Hold Hearings On The Secret Goldman Sachs’ Tapes?

“Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?” – Sen. E Warren 

It appears that Senators Elizabeth Warren and Sherrod Brown believe they may have a battle on their hands getting their colleagues on the Senate Banking Committee to agree to hold hearings on the now notorious tape recordings secretly made by former New York Fed bank examiner, Carmen Segarra, showing a cozy relationship between the regulator and Goldman Sachs.

Petitions have sprung up all over the internet, with more than 129,000 signatures as of this morning, demanding that Congress hold hearings to investigate whether the Federal Reserve System, and specifically the New York Fed, function as merely sycophantic fronts for Wall Street or if they serve any meaningful regulatory role.

In addition to petitions at Credo, MoveOn.org and Public Citizen, campaign sites for Senators Warren and Brown have also set up petitions, but those sites do not show how many signatures have been collected.

As of this morning, the Credo petition had 98,107 signatures out of a goal of 150,000. You can sign the petition here. The petition makes its case as follows:

“To Members of the U.S. Senate and House of Representatives:

“Regulators are supposed to protect Americans from wrongdoing on the part of big banks, not serve Wall Street’s interests. Congress must hold oversight hearings on the allegations of a deferential and broken regulatory culture at the Federal Reserve, as exposed in the recently released Goldman Sachs tapes… Continue reading

Jeff Rense & Texe Marrs ~ America…To Hell In A Hand Basket [Video]

Clip from October 20, 2014 – guest Texe Marrs on the Jeff Rense Program. Full program available in Archives at http://www.renseradio.com/signup.htm

SF Source Jeff Rense  Oct 20 2014

Open ~ Learning Through Adversity – Invoking the Spiritual Warrior Energy

“Humanity is entering the cauldron of catalytic change. At a soul level, the strength of our yearning is collectively challenging a society founded on injustice and inequity. Meltdown is on the horizon. How do we progress from here?” – Open

ManClimbsCliffFaceI’ve faced many challenging and difficult situations that I recall through my existence. It seems my life has consisted of a good deal of breaking through adversity; continually confronting and overcoming challenges. Since earlier times, many things have changed. Along the path, I’ve learned the art of divinely surrendering to the flow; of accepting life as it really is, initially at least, without trying to change it. I realised you have to be at-one with something – the One – to truly change anything.

Has this made life any easier? In many ways yes. But I love the complexity, challenge and opportunities in life; the chance to learn and grow. I also have a strong warrior energy. Whether man or woman, cultivating the warrior spirit can be of great service to us all…

The Divine Blend

Frequently there seems to be a view in spiritual circles that the path to Enlightenment is one of softness, gentleness and light; that unconditional love is expressed only through the softness of the ‘divine feminine’. This is an illusion! The soul has seven key characteristics, only one of which is the surrender of the divine feminine (See… Seven Rays of Divine Impulse). Continue reading

Henrik Palmgren Interviews Morris Herman ~ New World Order Goals [Audio]

Morris Herman is behind the Youtube channel 108morris108, which features independent thought and analysis of world events and trends, a little quirky and individualistic, yet it is clear that Morris’ channel reveals some experience in the professional news media.

Morris’ channel first had an impact during the Libyan assault by NATO and often concentrates on Middle East affairs. Morris is a traveler and is also happy to engage in videos suggesting some of our news headlines are actually hoaxes or manufactured. Continue reading

Ellen Brown ~ Fixing The Economy With State Owned Banks [Video]

Ellen Hodgson Brown explains the rationale behind state owned banks.

Due to the collapsing credit bubble which in turned popped the housing bubble, leading to recession, and perhaps, economic depression, there is not enough money and credit to keep the economy running. Three possible solutions are that the federal government issue debt-free money directly, that communities create alternate or community complementary currencies, or that a state create its own state owned bank, similar to the Bank of North Dakota.

For example, a state owned bank in Michigan could provide credit to the state itself for infrastructure projects, help provide the capital for local banks, so they could in turn provide low interest loans to home owners, small and medium sized businesses, and students. In addition, a state owned bank could be used to help fund state expenses during tough times by providing loans. Continue reading

Simon Black ~ Historical Figures’ Salaries In Gold: Leonardo Da Vinci

Region VII, Chile ~ Among the masterpieces of the Italian Renaissance, Leonardo da Vinci’s “La Scapigliata” stands out distinctly from the rest.

The unfinished painting is of a common woman with disheveled hair. It’s remarkable particularly for depicting not the exceptional, but the real.

Part of da Vinci’s genius was the way he was able to capture life—genuine, unaffected reality, often intense detail. His notebooks reflect the same.

Leonardo, in fact, passed on to posterity great details of his finances. We know, for example, that around the time he painted La Scapigliata in the early 1500s, the great master was living in Milan and earning a salary directly from the king.

Leonardo’s journals state that in a ten-month period, he was paid a total of 240 scudi and 200 florins from the king.

The Italian gold scodo at the time was 3.42 grams of gold, and the florin was 3.54 grams. As of today’s gold price, that adds up to an annualized salary of $72,153.24.

Bear in mind, this was Leonardo’s ‘take home pay’ as there was no income tax, meaning his gross salary in today’s world would be just over $100,000 to account for income tax and FICA.

If we were to extend this analogy even further, given that Leonardo was on the government payroll back then as an artist/engineer, we can look up the US government employee pay scale today.

Da Vinci was an accomplished professional to say the least. His age, experience, and job title in the early 1500s would make him the equivalent of a GS-13 rank today (based on current US government pay scale). Continue reading

Oracle Report ~ Thursday, October 30, 2014

“It’s a Black Moon day, one of the last during the Black Moon’s jaunt through Leo, . . . The energy brings out people’s core fears.  People project those fears onto others.  Analyze what people are telling you about yourself from this perspective.  They are probably talking about themselves but don’t know it.  We project what we cannot face about ourselves.” – L Walker

First Quarter Moon in Capricorn/Aquarius: branch out

MediterraneanSpainWaterSeaCoastRuling Mahavidya: Kamala (Goddess of the Lotus Blossom)

Skill:  integrate the aspects of yourself that are revealed

Negative Imprint:  causing damage, forcing, unsupportive and unsupported, feeling abandoned or lost, mood swings, feeling unable to cope, dividing and conquering

Positive Imprint:  repairing damage, transcending conditions, improvisation, reflections, facing truth through the fall of illusions, people of like mind and mission coming together

If the energy of this lunar month is like being on a sight-seeing bus filled with bold tourists going where no one has gone before, today the bus stops for gas and repairs.

An opportunity to explore presents itself.

In keeping with the energy of “pausing” and taking a departure, let me tell you a story of the day instead of giving a report.

Many of us on the bus wish the driver would’ve stopped in a better part of town, so to speak.  Everything looks ominous.  Symbols of death abound.  Do the people that inhabit this place worship death? Continue reading

Soren Dreier ~ Tales From The Morph VII

WomanLyingOnGrassI lay me down in the tall grass and focus on ‘Holy’.

I lay ME down and open my heart and ME steps out, creates a void and into that void ‘Holy’ can enter.

I lay me down and the void that’s in me, and in you, connects to ‘Holy’ and is forever glued to Holy, since Holy lives in the void. So why make extra room for it?

Because we are not always walking the grass. We walk and we stray, and we need to invite what’s already in us out of the realm of the Celestial stronghold that’s within us, and ‘do the walk and stop talking the talk’.

Holy, does not manifest in noise.
Holy, can’t settle in a busy mind.
Holy is sacred and people have agendas.

“How to get…”
“10 easy ways to purify the pineal gland”
“5 quick steps to oneness”

Surface-based quick fixes. ‘ Holy’, is long and weary. Continue reading