NIHILISM EMBODIED: OUR LAWLESS FINANCIAL SYSTEM | WHAT REALLY HAPPENED

NIHILISM EMBODIED: OUR LAWLESS FINANCIAL SYSTEM

SOURCE: CHARLES HUGH SMITH

Not only have the billionaire class made money, they have tightened their monopolistic grip on the levers of money supply and distribution, turning a global rigged casino into a global company town.

Editor’s note: This is a guest post by my friend and colleague Zeus Yiamouyiannis, Ph.D., who has contributed essays to Of Two Minds since 2009.

So we have a lawless system. What does this mean for citizens and investors? In the near term it means that the fundamentals will not apply. Anything that maintains or augments elite wealth and increases elite options will be supported, and anything that consumes or converts common people’s wealth and labor and restricts their choices will be pursued.

The chickens are now coming home to roost, and proving to a greater and greater degree that markets are no longer markets at all, or even casinos. They are clearinghouses for transfers of wealth from the many to the few. Period. No credible argument can be made otherwise. Therefore, we must first and foremost understand the rigged system to inform active resistance and effective alternatives. In so doing, we must also transform ignorance into awareness, obedience into civil disobedience, and fearful attachment into creative interdependence.

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