Saturday, January 15, 2022

 the term: conspiracy theory, is cia created bullshit intended to cause you confusion and it often works. the realities are that conspiracies are real and have lasting impact upon those not a part of it. the following article shows you things i'm sure you haven't considered or only in an oblique manner. the things the tv shows you aren't as they're presented;


Three years ago, I said to an American Professor from the US Army War College in Washington, in respect to the campaign to return American lost Blue Collar jobs to Asia, that these jobs would never return.  They were gone for good.

He retorted that that was precisely so, but I was missing the point, he said. America did not expect, or want, the majority of those humdrum manufacturing jobs back.The Élites, he said, wanted only the commanding heights of Tech. They wanted the intellectual property, the protocols, the metrics, the regulatory framework that would allow America to define and expand across the next two decades of global technological evolution.

The real dilemma however, he said was:

“What is to be done with the 20% of the American workforce that would be no longer needed: that was no longer necessary to the functioning of a tech-led US economy?”

In fact, what the Professor said was but one facet of a fundamental economic dilemma. From the seventies and eighties onwards, US corporations were busy offshoring their labour costs to Asia. Partly, this was to cut costs and increase profitability (which it did) — but it also represented something deeper. 

From the outset, the US has been an expansionary empire ever digesting new lands, new peoples, and their human and material resources. Forward motion, the continuous military, commercial, and cultural expansion became the lifeblood of Wall Street and of its foreign polity. For, absent this relentless expansion, the civic bonds of American unity fall into question.  An America not in motion is not America.  This forms the very essence of US leitkultur.

Yet it only added further to the dilemma highlighted by my friend above. The expansion was accompanied by a flood of Wall Street credit expansion across the globe.  The debt burden exploded, and has become top heavy, balancing unsteadily on a pinhead of genuine underlying collateral.

It is only now – for the first time since WW2 – that this relentless US strategic expansionary impulse has been challenged by the Russia-China axis.  They have declared ‘enough’.

Yet, there was always another side to this dynamic of western structural transition. Its foundations, as the Professor suggested, no longer lay with the socially necessary labour contained in manufacturing drab products such as cars, telephones, or toothpaste. But rather, the core of it largely has come to reside in highly flammable debt-leveraged speculations on financial assets like stocks, bonds, futures, and especially derivatives, whose value is securitised indefinitely.  In this context, the 20% (or more likely 40%) of the workforce, simply becomes redundant to this highly complex, hyper-financialised, networked economy..........read more........

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