Friday, July 31, 2015

Housing Bubble 2.0: Some Things Never Change

Joshua Krause
The Daily Sheeple
July 31, 2015

As someone who lives in the Bay Area, I can say from experience that I am absolutely sick of the housing bubble. While this is a national problem, it’s especially bad in America’s major metropolitan areas. You can’t buy a house out here without selling your children into slavery. And forget about rent. In places like Oakland, arguable one of the crappiest cities in America, the rent has doubled in the span of 5 years to an average of $2800 per month. The cost of shelter has surpassed the ridiculous heights of the last housing crash, and the average wage earner in California can neither afford to buy, nor rent.

And yet, the bubble continues to grow, and where it ends, nobody knows.

Recently in Venice, California, someone had the gall to price a 714 square foot house for $1.1 million. That same house sold for $450,000 in 2010, and $30,000 in 1982. Inflation doesn’t have anything on the housing bubble.

And who could forget the man who half jokingly placed an ad to rent out a tent in his back yard in Mountain View, California. He managed to get an offer for almost $1000 a month.

The one that really takes the cake for me, was a small house in San Francisco that was recently under contract for just over $1 million. There was only one small problem with the place though.

Located in the city’s Richmond District, a fairly desirable neighborhood, the home has one very undesirable flaw: In April of this year, the mummified corpse of the home’s former owner was found inside,wrapped in a blanket.

The woman, named Anna Ragin, had reportedly died five years earlier, but her 65-year-old daughter hadn’t told anyone that her mother’s body was still in the home…

…The home is apparently in a very sorry state. According to a piece written by Bob Calhoun for SF Weekly, “A fresh coat of paint on the walls and scrubbed floors couldn’t quite chase away the smell of toxic mold and urine from the corners of the bedroom and kitchen.”

When you’re not in a housing bubble, those kinds of houses don’t sell very well, or at all in some cases. The stigma (and supernatural implications) of a house that had a mummified corpse in it, is enough to keep most buyers away. And that’s without it smelling like piss and mold. But in a market like this? You take what you can get.

It’s gotten so bad that some people are trying to get creative with their housing, by living in shipping containers.

Luke Iseman, 31, leases a 17,000-square-foot warehouse in Oakland in which he has built 11 micro residences out of cargo containers, Bloomberg reports. He charges $1,000 per months for each of the makeshift homes, which aren’t legal, strictly speaking. Iseman and his “cargotopia” (as he calls it) have been chased from two other locations by the authorities. But that hasn’t dampened his spirit.

“It’s not making us much money yet, but it allows us to live in the Bay Area, which is a feat,” Iseman told Bloomberg. “We have an opportunity here to create a new model for urban development that’s more sustainable, more affordable and more enjoyable.”

On Iseman’s website, he lays out the cargotopia manifesto: “We’re living in a solar-powered, sustainable home we built for less than the cost of a car. Chickens in the yard, fast internet, occasionally-alive gardens, and providing affordable homes for our friends: it’s getting harder and harder to consider our sustainability a sacrifice.”

Isn’t it interesting that if you try to live self-sufficiently, and within your means, you get “chased off” by the authorities? That’s the real tragedy of the housing bubble. You can’t look at the absurd housing prices and say “screw that, I’d rather live in a steel hut.” After all, terrible houses still sell for mansion prices, so why not pay less for what is less. Unfortunately there aren’t a whole lot of other options that won’t get you into trouble. You can either sell your organs to live in a shack, or you can go homeless. There’s no in-between.

Obviously, none of this is sustainable. This bubble was largely fueled by the Fed’s money rain, which means the market is flooded with inflated dollars. While housing prices have soared, wages are stagnant and homeownership rates have fallen to record lows. It’s only a matter of time before the housing market crashes again, and like clockwork, all these people who bought houses over the past few years will be just as shocked and bewildered as they were in 2008. Some things never change.

Hold the phone, Central! Cellphone radiation can cause cancer: study

NY Daily News
July 31, 2015

The scientists were right — your cell phone can give you cancer.

There have long been whispers of a cancer connection from your cell — and a new study backs up the claims.

“These data are a clear sign of the real risks this kind of radiation poses for human health,” study author Igor Yakymenko said.

Yakymenko’s meta-study — basically a study of hundreds of other studies — reveals many findings of previous researchers into how radiofrequency from your phone can damage DNA.

Continue reading here:

VIDEO: Spain Could Be The Next EU Domino To Fall

It’s back: FEC says regulating Internet, Google, Facebook under its ‘purview’

Washington Examiner
July 31, 2015

After backing down amid concerns she wanted to regulate political speech, and even news sites like the Drudge Report, the chairwoman of the Federal Election Commission has renewed talk about targeting campaign and political activities on the internet.

Ann M. Ravel, discussing election regulation during a speech in New York, suggested it was time to produce “thoughtful policy” targeting internet political activity. She also expressed frustration that her last bid was met with “threatening misogynist responses to me.”

She was speaking at a day-long conference hosted by the Brennan Center for Justice, the New York City Campaign Finance Board, and the Committee for Economic Development when she was asked about regulating the internet, Google and Facebook.

Ravel said that it would be under the “purview” of the FEC to oversee internet political activities such as fundraising and donations.

Continue reading here:

VIDEO: Why The CIA Kills Rock Stars

Destruction of Middle Class Continues

Fed continues to hold out false hope economy will turn around

Kurt Nimmo
July 31, 2015

Two week ago Janet Yellen, the current boss of the Federal Reserve, said the American worker would see an uptick in wages.

“Wage increases are still running at a low level, but there have been some tentative signs that wage growth is picking up,” Yellen said. “We’ve seen an increase in the growth rate of the Employment Cost Index and a mild uptick in the growth of average hourly earnings.”

Yellen’s prediction was trashed on Friday when the Labor Department released figures on wages and salaries in the second quarter. The numbers show a scant 0.2 percent increase in wages, the smallest since records began in 1982. The dismal number followed a 0.7 percent increase in the first quarter.

Zero Hedge says this should not be surprising considering the fact the United States was converted into part-time worker and minimum wage service sector society.

The globalists have worked long and hard to transfer decent, relatively high paying jobs to third world hellholes where people work 12 hours a day for a dollar an hour or less. This has resulted in a massive and unprecedented concentration of wealth by large transnational corporations and the destruction of a middle class in America.

The government has facilitated the gutting of the middle class by imposing a blizzard of rules and regulations on business which in turn encourages it to move operations overseas. Enabling by Congress is quite natural considering it is owned by Wall Street, corporations and large banks.

Globalist Imposed Serfdom

The Federal Reserve’s pollyannaish predictions are offset by stark economic facts largely ignored by the corporate media.

In addition to the fact the average American family is worth 36 percent less than it was a decade ago, nearly half are now experiencing financial stress. 76 percent of all Americans are living paycheck to paycheck and 36 percent do not have a single penny saved for retirement..

For more distressing statistics, see 30 Facts That Prove The American Middle-Class Is Being Destroyed.

According to David Boyle of the New Economics Foundation, this situation will result in a tiny monied elite lording over a sprawling class of serfs within 30 years.

“The place where this is heading is a strange society with a tiny elite and a long struggling, straggling line which is the rest of us, a new proletariat,” Boyle writes.

The Federal Reserve plays a key role in the plan to destroy the middle class and usher in a new serfdom.

As Ron Paul has noted, the privately held banker cartel masquerading as a federal agency “is very biased against the middle class.”

“It’s the policy of the fed, the destruction of money, the intervention. It’s a system that is very biased against the middle class. It’s been well known that if you destroy a currency, there is a natural transfer of wealth from the middle class to the very wealthy,” Paul said in 2012 when he ran for president.

Thursday, July 30, 2015

VIDEO: Asset Forfeiture is The New Shakedown

VIDEO: Pope To Call For NWO At UN September Meeting

Least Transparent Ever – IRS Used “Wholly Separate” Instant Messaging System to Hide Communications

Michael Krieger
Liberty Blitzkrieg
July 30, 2015

Barack Obama promised to have the “most transparent administration ever,” but as with pretty much every other promise he’s made over the years, the exact opposite is what has occurred.

From Hillary Clinton using her own private email server while Secretary of State, to the latest revelations that the IRS (whichintentionally targeted American citizens based on their political views), used a “wholly separate” instant messaging system in order to conceal their internal communications. Of course, not only is there no transparency, but as is the case with all shady and undemocratic “elite” behavior, there is no accountability.

In the latest bit of information to emerge, we learn from Americans for Tax Reform that:

The IRS used a “wholly separate” instant messaging system that automatically deleted office communications, according to documentation released by the House Oversight Committee on Monday. The system appears to have been purposefully used by agency officials responsible for the targeting of conservative non-profits, in order to evade public scrutiny.

The system, known as “Office Communication Server” or OCS was used by IRS officials, including many in the Exempt Organizations (EO) Unit, which was headed by Lois Lerner.

As the Oversight Committee report states, the instant messaging system did not archive any communications, so it is not possible to know what employees of the EO unit discussed on it.

However, in an email uncovered by the Committee Lerner warns her colleagues about evading Congressional oversight:

“I was cautioning folks about email and how we have had several occasions where Congress has asked for emails and there has been an electronic search for responsive emails – so we need to be cautious about what we say in emails.”

Lerner then asks whether OCS is automatically archived. When informed it was not, Lerner responded “Perfect.”

While it is possible to set the instant messaging system to automatically archive messages, the IRS chose not to do so, according to one employee interviewed by the Committee.

This is not what freedom looks like.

MTV Indoctrinates Youth on “White Privilege”

Alinksy tactics used to create white guilt and social tension

Kurt Nimmo
July 30, 2015

Saul Alinsky’s 13th rule of power tactics has reached MTV.

The MTV documentary featuring Jose Antonio Vargas is an attempt to mainstream the “white privilege” agenda, the idea that skin color determines societal privilege.

The “white privilege” movement takes its lead from critical race theory, which is a subset of Marxist critical theory, specifically the cultural Marxism of Frankfort School. Unlike traditional Marxism, which views inequality as economic, cultural Marxism holds that inequality is the result of culture.

Saul Alinksy wrote that activists must “rub raw the resentments of the people,” strive to “fan the latent hostilities of many of the people to the point of overt expression… stir up dissatisfaction and discontent” and “agitate to the point of conflict.”

“Pick the target, freeze it, personalize it, and polarize it,” his 13th rule for radicals states.

“White Privilege education and thinking is a part of Saul Alinksy community organizing, for the white race values must be destroyed in order to erase class lines with the ultimate goal of socialism and communism,” writes Georgiana Preskar (White Privilege and the Wheel of Oppression: The Hoax of the Century).

Jose Antonio Vargas’ documentary is an attempt to polarize race issues and promote the white privilege agenda and foist it on young people via Viacom Media Networks and its MTV.

MTV is an ideal platform for indoctrination — as of February 2015, approximately 93,240,000 American households (80.1% of households with television) received MTV, according to Robert Seldman and TV by the Numbers. The network was created largely for consumers between the ages of 12 and 34 (the median age of the MTV audience is 23), notes Ad Age.

VIDEO: Paul Craig Roberts-Economic House of Cards, Demand for Gold and Silver Very Very High

Monday, July 27, 2015

VIDEO: Liberals Sign Petition to Impose 10% “Male Privilege Tax”

Forget Trump and Bernie: Here’s Why Clinton or Bush Will Be the Next President

Political elite has absolutely no fear of Donald Trump or Bernie Sanders

Kurt Nimmo
July 27, 2015

Come the 2016 primaries, however, Jeb Bush and Hillary Clinton will likely be at the top of the pack.

The oligarchy that has controlled American politics for generations is still firmly in control despite the illusion of change. In no way do Trump or Sanders threaten this control despite the corporate media’s fascination with them and polls that appear to show them gaining favor among potential voters.

A CNN-ORC International poll conducted between July 22-25 demonstrates the dominance of the establishment’s candidates. While Donald Trump matches Jeb Bush, his unfavorability rating is high. Clinton’s is higher, but despite this she remains solidly at the top of the pack.

Trump’s brash commentary has pushed him up in the polls, but many believe he has reached his peak. Diehard Republican insiders hate the real estate mogul.

“The McCain smear and giving out Graham’s cellphone? What an asshole,” a New Hampshire Republican insider told Politico. “Trumpism does not represent some deeper sentiment within the party, nor has he tapped into something a more conventional candidate can now co-opt. His candidacy has as much substance and meaning as cotton candy. I didn’t like him before. Now I loathe him.”

The liberal Daily Beast admits the socialist Bernie Sanders presents a tangential threat to Hillary Clinton and in a worse case scenario may even best her in the Iowa and New Hampshire caucuses, but he will never take the Democrat nomination. “Bernie Sanders will never be president,” writes the Newsweek merged website.

The progs over at Daily Kos point out how corporate and banking money control elections. Bernie Sanders “may not be able to overcome the massive money disadvantage” of Wall Street. The Daily Kos also admits “there is a chance that his name recognition will never reach Hillary proportions and he may lose the primary election, but once the debates roll around, don’t be surprised to see a lot more of him on your TV pushing his ‘radical’ ideas of what America should be.”

Michael Krieger, writing for Liberty Blitzkrieg, notes the “pantsuit revolutionary” takes big bucks from the likes of Microsoft, Exxon Mobil, the telecommunications industry and the prison-industrial complex. Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Lehman Brothers also gave millions to the Clinton campaign.

“Clinton, a former New York senator, has deep ties to the financial sector. Citigroup and Goldman Sachs employees had been among the top contributors to her Senate campaigns, according to data compiled by the non-partisan Center for Responsive Politics,” USA Today noted on July 16.

Liberals, ignoring how tight Clinton is with the bankers, lament Jeb Bush’s bankster donations from Goldman Sachs.

“Goldman Sachs isn’t the only Wall Street firm with employees hoping to see a third Bush in the White House. Credit Suisse Group AG, Morgan Stanley and JPMorgan Chase & Co. also were among the top sources of donations,” reports Bloomberg.

This banker and corporate oligarchy will decide who sits in the White House and it really does not matter if it is Clinton or Bush.

This control over the political system was underscored in April when a Princeton study concluded the elite drive politics in the United States.

“The central point that emerges from our research is that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy,” researchers Martin Gilens and Benjamin I. Page write, “while mass-based interest groups and average citizens have little or no independent influence.”

In April Ellen Brown took to the liberal website Alternet to explain how bankers and the monied elite control the political process. She cited the Princeton study and also quoted the theologian and environmentalist Dr. John Cobb:

The influence of money was greatly enhanced by the emergence of private banking. The banks are able to create money and so to lend amounts far in excess of their actual wealth. This control of money-creation . . . has given banks overwhelming control over human affairs. In the United States, Wall Street makes most of the truly important decisions that are directly attributed to Washington.

Domination of the political system will continue, Brown notes, until the American people once again gain control over the monetary system. “If governments are recalling their sovereign powers, they might start with the power to create money, which was usurped by private interests while the people were asleep at the wheel,” writes Brown.

The puppet masters behind the political facade have absolutely no fear of a Donald Trump or Bernie Sanders. Both are part of a traveling sideshow on the road to the primaries and the November 2016 presidential election.

Bush or Clinton will sit in the White House come January, 2017 and everything between now and then is little more than pure political theater. Short of an all-encompassing and dedicated political revolution — and an outright dismantling of the Federal Reserve and putting and end to the stranglehold of the financial elite — this situation is unlikely to change.

Special Report: TPP Gives Obama Power To Destroy America

The TPP is global domination by a fascist cartel bent on enslaving the world

May 23, 2015

In this exclusive emergency address, Alex breaks down the hidden reasons behind the sinister Trans Pacific Trade Partnership.

The TPP is global domination by a fascist cartel bent on enslaving the world. Now the Senate has given fast-track authority to Obama to implement this secret plan and set fire to our Constitution, rules of law and ultimately our liberty and way of life.

Kentucky Senator and presidential candidate Rand Paul was among a host of lawmakers who staunchly opposed the secrecy surrounding the Trans Pacific Partnership bill, saying he disagrees with the proposed legislation “being held under lock and key.”

“I’m hesitant to give blanket authority on stuff we haven’t seen,” Senator Paul said earlier this month.

Yesterday, Paul was one of only five republican senators that voted against the final “fast-track” bill, in a vote that passed 62-37.

“Fast-track would allow Obama to send the Trans-Pacific Partnership (TPP) deal to Congress for an up-or-down vote” sans the ability to negotiate amendments, notes The Hill.

The TPA must still pass a House vote, which is why it’s imperative to contact your representatives and let them know you’re against H.R. 1314, the Trade Promotion Authority (TPA) or fast-track bill, which essentially grants the office of the president the power to do treaty by Executive Order.

VIDEO: Dane Wigington - Climate Engineering Bigger than All Ecological Problems Combined

Sunday, July 26, 2015

Furious Coal CEO Lets It All Out: “Obama Is Nation’s Great Destroyer”

Zero Hedge
July 26, 2015

Murray Energy CEO Robert Murray, who spoke to Republicans at the Lincoln Day Dinner on Wednesday, is “righteously mad” at President Barack Obama, who Murray says is to blame for the downturn in the coal industry.

The President, you see, is on a “bizarre personal and political” quest to destroy not only the coal industry, but the entire country and according to Murray, “radical environmentalists, liberal elitists, [and] Hollywood characters” aren’t doing anything to help the situation.

And make no mistake, this isn’t about money for Murray, this is all about the people. “Mr. Obama’s actions are a human issue to me, as I know the names of many of the Americans whose jobs and family livelihoods are being destroyed,” Murray said, adding that “these Americans are my employees.”

Or at least they were his employees. Murray laid off 21% of his company back in May, with the majority of the cuts coming in West Virginia, which is staring down a $195 million budget gap thanks to the slide in coal prices.

Murray believes these job cuts are the fault of the Obama administration and, thankfully, he’s got some concrete arguments to support his contention that the President is colluding with Hollywood characters and certain “contributors” in an effort to “get control of the availability, reliability and cost of electricity.”

from SNL:

[Murray] said President Barack Obama’s administration has issued regulations that illegally bypass the states and their utility commissions, the U.S. Congress and the Constitution in favor of putting the U.S. EPA in charge of the nation’s electric grid. Murray, speaking at a Republican gathering at the July 22 Lincoln Day Dinner, touted his company’s four lawsuits being brought against the administration’s Clean Power Plan, an effort to rein in carbon dioxide emissions.

Murray continued, saying that the coal workers affected by Obama’s policies are among the highest paid in the regions where they live, but also have no one to sell their homes to when they lose their jobs.

“Thus, these people are prohibited from working and fall to the negative side of the economic ledger for the rest of their lives,” Murray said. “This is not the America that I have always cherished. Well, I am obviously not giving up. Nor should you. We have the law, science, economics, cold hard energy facts and the Constitution on our side. Our cause is right. It is right for the coal industry and our communities and America. … We must continue to do whatever we can to overcome the insanity of our current government.”

Murray goes on to say that the scope of EPA guidelines on coal boarders on the absurd. In support of this contention, he cites the fact that the agency’s regulations are 38 times longer than the universally accepted standard for modern enviornmental law – the Bible: “EPA regulations alone total 25 million words, 38 times more than those in the holy Bible.”

So who, you might ask, can fix the problem?

Well, Abraham Lincoln for one, but because that seems unlikely, Murray says West Virginia Republicans will have to do. Here’s SNL again:

The CEO’s plan to fix the problems he says fall on the shoulders of the Obama administration is to elect more Republicans. Calling Abraham Lincoln, the namesake of the event where he was speaking, the best president in U.S. history, Murray said Obama was ‘by far, the worst.’ In 2014, West Virginia’s House and Senate both flipped to a Republican majority after decades of Democrats holding control of both chambers. Murray said the Democrat-led state Legislature provided ‘huge opposition,’ and he specifically called out some Democrats, including former Senate President Jeff Kessler, former House Speaker Timothy Miley and State Sen. Michael Romano, who was elected to represent Harrison County in 2014.”

Murray said with Democrats out of the way in West Virginia, the Legislature was able to proceed with needed coal mining, tort law and other legislation. However, he said there is unfinished business in the form of changes to lower the coal industry’s tax burden in the state.

“Currently, the coal industry accounts for 7% of the gross business product of the state, but our industry pays 60% of the business taxes in West Virginia,” Murray said. “Oil and gas producers are not taxed to this extent. Relief must be given to the coal industry as our coal cannot compete with that from other states, all of which have lower coal severance taxes, or none at all.”

Finally, Murray says that “most coal companies are cash-flow negative and many are approaching financial default. The result is that we will see the greatest restructuring of the coal industry in its history.” In this regard, things haven’t been all bad for Murray who, while laying of 1,400 employees has simultaneously spent at least $4.6 billion (enough to pay the annual salaries of 54,120 West Virginia coal miners, according to data from the National Mining Association) in the past two years acquiring competitors.

In any event, not everyone thinks the blame lies solely with Obama. Bo Webb (who is admittedly biased given that he’s a campaign director for the Appalachian Community Health Emergency Campaign) suggests that Murray should blame cheap and abundant natural gas and by extension, free market forces: “Murray is not dealing with reality. It’s not the Obama administration or Democrats. It’s capitalism. It’s the free market. It’s that simple.”

You decide.

Friday, July 17, 2015

“From Billions to Trillions” — UN Demands Huge “Sustainability” Splurge

William F. Jasper
New American
July 17, 2015

With little fanfare and paltry news coverage, United Nations negotiators were working this week at a conference on “sustainable development finance” in the Ethiopian capital of Addis Ababa. They are hoping to put the final touches on a global plan — one with a price tag in the trillions of dollars. The grandiose plan is to be sprung on the world in September at the UN summit on development finance. The UN’s proposed sustainable development goals (SDGs), now being crafted by the UN General Assembly, various UN agencies, national governments, and private NGOs, are a new 15-year plan intended to replace the UN’s Millennium Development Goals (MDGs) that were introduced 15 years ago at the UN’s 2000 Millennium Summit, ostensibly to combat global poverty. The UN’s SDG plan is also closely intertwined with the UN agenda on global warming, which is scheduled to culminate with the mammoth climate change conference planned for December in Paris.

The Ethiopian summit was the latest in a series of recent high-level conferences sponsored by the United Nations. The pace has been fast and furious as the UN’s dedicated poverty fighters have been jetting between luxurious feasts and extravagant soirees at 5-star hotels, Michelin-starred restaurants, and gold-plated conference centers in various global venues. From June 26-July 8, it was the High-level Political Forum on Sustainable Development under the auspices of the United Nations Economic and Social Council (ECOSOC) in New York City. Last week it was the Our Common Future Under Climate Change conference in Paris. This week it was the United Nations Third International Conference on Financing for Development (FFD3), which ran from July 13-16 in Addis Ababa.

On Sunday, July 12, the eve of the opening of FFD3, United Nations Secretary-General Ban Ki-moon (shown) addressed the Global Civil Society Forum, the NGO rent-a-mob that has become a standard feature at all UN conferences.

“Now, more than ever, the world needs your advocacy, expertise, and ingenuity,” Ban told the throngs of NGO activists in Addis Ababa. “You are the voice of the people. You can count on the UN to make it heard, loud and clear.”

The “civil society” radicals are hardly “the voice of the people.” As we have reported from many previous UN conferences, the vast majority of the organizations represented at these affairs are synthetic astro-turf groups funded by governments and leftist tax-exempt foundations. Their function is to provide pressure from below, which, combined with pressure from above by governments and globalist corporations, gives the appearance of overwhelming worldwide “consensus.”

Continue reading here:

VIDEO: Disagreeing with Feminists to be Made Illegal?

The Constitution of the EU’s Dictatorship

Eric Zuesse
Washington’s Blog
July 17, 2015

It’s here: Treaty consolidated 13-03-2014.pdf

That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for asset-stripping by aristocrats.

It’s called the European Stability Mechanism.

It’s anything but that. Here is what it actually does:

In other words: it establishes the European bureaucracy to serve global aristocrats, so as to help them asset-strip the European populations of corrupt member-nations. These bureaucrats get transferred back-and-forth between this bureaucracy and the big financial institutions (which also are dependent upon the same billionaires), so that these bureaucratic servants of the aristocracy can themselves gradually emerge as aristocrats, basically joining (now becoming principals, no longer merely agents of) the aristocratic financial war stripping the public.

Here are some key provisions of this “Treaty,” or Europe’s (or the EU’s) new constitution:

Article 34. Professional secrecy. The Members or former Members of the Board of Governors and of the Board of Directors and any other persons who work or have worked for or in connection with the ESM shall not disclose information that is subject to professional secrecy. They shall be required, even after their duties have ceased, not to disclose information of the kind covered by the obligation of professional secrecy.

Article 35. Immunities of persons. 1. In the interest of the ESM, the Chairperson of the Board of Governors, Governors, alternate Governors, Directors, alternate Directors, as well as the Managing Director and other staff members shall be immune from legal proceedings with respect to acts performed by them in their official capacity and shall enjoy inviolability in respect of their official papers and documents. …

Article 36. Exemption from taxation. 1. Within the scope of its official activities, the ESM, its assets, income, property and its operations and transactions authorised by this Treaty shall be exempt from all direct taxes. …

It’s a “Mechanism” (basically, a government) to transfer to the aristocracy the public’s assets, which are the lands and pensions and healthcare and educational systems, which, in a democracy, are supposed to serve the public, but which, in an aristocracy, serve instead the billionaires. In Europe, aristocrats are still in charge.

For example, one confidential document, dated 11 June 2013, “Real Estate Based Asset Financing for the Hellenic Republic,” has this:

“The Hellenic Republic [Greece] holds a diverse collection of assets, many of which have been scheduled for sale as part of its commitments under the Memorandum of Understanding (MoU) between the European Commission, the International Monetary Fund, the European Central Bank [the three members of ’The Troika’], and the Hellenic Republic. The sale of state-owned assets is a one-off opportunity to raise capital for the Hellenic Republic [to be able to repay banks, which had lent to Greece at an 18% interest rate — and thereby already enriched aristocrats heavily at the public’s expense — and now retrospectively taxpayer-guaranteeing those junk bonds, which global aristocrats had bought through those banks, granting these 18%-interest-rate junk bonds a retrospective AAA+ equivalenttaxpayer-guaranteed status, courtesy of the politicians who were supposed to have represented the public].”

Furthermore: “This would help increase the privatisation proceeds beyond the amount currently forseen in the MoU. The majority of the real estate is undeveloped land, with substantial potential,” which “potential” won’t be enjoyed by the Greek public via a future improved Greek national economy and increased tax-income into the Greek Government, but instead enjoyed by global aristocrats, who will be buying that “undeveloped land” now, before its value soars — so that aristocrats will be in on the rip-offs of the Greek public, both coming, and, now, going.

The document specifies that, “A large part of the Greek real estate portfolio is suitable for tourist development, and given Greece’s climate and leisure and holiday potential this is the key source of potential value for investors.” In other words: whatever desperate Greeks will still remain in Greece after all of the stripping of the assets of the state, will now become available, at rock-bottom subsistence wages, to serve tourists, while the billionaire owners, throughout the world, will be reaping the profits, from that land (including the beaches and new hotels), and from their slaves there (serving those tourists). This is commonly called “the free market”: the more desperate and poor the public (the Greeks serving those tourists) are, the more profit the aristocracy (the owners of those resorts) will receive. After Barack Obama’s coup overthrew Ukraine’s democratically elected President in February 2014, Ukraine’s soaring debt is already being treated this way (being set up for privatization), even before Ukraine joins the EU (if it ever will). Similarly, privatization followed the junta that Obama protected (if he didn’t even place them into power) in Honduras in 2009.

There is nothing basically new about this. Benito Mussolini introduced privatization in Italy during the 1920s. Admiring his success with that wealth-transfer to aristocrats, Adolf Hitler then took it up in Germany during the 1930s.

Nowadays, this is called “libertarianism” in the United States, and “neoliberalism” in Europe. It’s just standard economic theory, being put into political practice. Another term for it is “austerity” (as the public calls it), or (to employ the economist’s euphemistic phrase for it) “fiscal consolidation.”

What Mussolini and Hitler started, is now being put into practice increasingly around the world, but it is no longer overtly called “fascism.” Mussolini and Hitler were defeated in WW II, and so the label “fascist” needed to be changed, but the aristocracy, which financed fascists’ rises, has by now emerged victorious (in the U.S. and not only in Europe), using deceit (including these new labels), instead of relying upon mere bombs and guns. There are enough fools (‘libertarians,’ or believers in ‘the free market,’ etc.), so that victory comes far cheaper via such deceits (mental coercion) than via violence (physical coercion — coercion against the body). (But, of course, war, too, can be profitable.)

The entirety of the ‘Greek bailouts’ is bailouts of the aristocracy, not of the public; it’s just like America’s ‘Wall Street bailouts,’ which bailed out the banksters instead of the cheated MBS investors and homeowners. The ‘Greek bailouts’ were actually loans, not ‘bailouts’ at all; and after the loans turned sour, taxpayers were forced to buy them from the aristocrats, who were the ultimate recipients of the actual bailouts. The lenders never bailed anybody out, but instead were bailed out by the public. However, in the Greek case, the people who are blamed are the Greek public, who are being stripped. After all, such blame-the-victim is the natural response, for believers in ‘the free market.’ But it would be like blaming the stripped pension funds, and the underwater homeowners, for having caused the bailouts of Wall Street. Calling them ‘bailouts of Greece’ is the reverse of what they actually are, which is an ongoing stripping of the Greek public. (Other European publics should be angry against the aristocrats they’re bailing out, not against the Greek public, who never benefited from those loans, and who aren’t the people that socked away some or all of those borrowed funds into Swiss or other accounts abroad.) It’s like blaming a raped woman for having been raped. That’s conservative, in the extreme. It’s fascist.

The EU’s dictatorship is by the aristocracy, against the public. It’s just like the U.S. dictatorship — competing parties, both or all of which represent the aristocracy, against the public; none representing the public, against the aristocracy. Conservatives support it, because they support the aristocracy. (A reader replied to this, “it isn’t just the doctrinaire conservatives that support the new aristocracy it is the majority of the public”; but the majority of the public is conservative, they’re devoted to myths; so, that’s not contradicting my assertion, it’s just restating the tragedy.)

This is why inequality is high, and soaring. Democracy is disappearing.