James Howard Kunstler: Racketeering Is Ruining Us

Understanding why there are all those hands in your wallet
by Adam Taggart

If you don’t understand what’s causing a particular problem, then it’s pretty difficult to come up with an effective solution.

Author, commentator and longtime friend-of-the-site James Howard Kunstler returns to our podcast this week to discuss the importance of accurate diagnosis — in this case, of the scourge he sees as accelerating America’s downslide into economic and social decline: Racketeering.

More associated with the organized crime bosses of a century ago, it’s not a word used often these days. But that doesn’t diminish in any way its relevance to and impact on our lives today:

The disorders in politics that we’re seeing now are really expressions of the larger disorders in our economic life and our financial life. That just happens to be the avenue that the expression is coming out of. Another point I’d like to make is that the reason that people are against Hillary or dumping on Hillary or don’t like her, is because she’s a poster child for racketeering. I encourage people who are talking about our circumstances and people who are interested in the news and election, to use the word racketeering to describe what’s going on in this country. You really need the right vocabulary to understand exactly what’s going on.

Racketeering is just pervasive in all of our activities. Not just in politics but in things even like medicine and education. Obviously the college loan scheme is an example of racketeering. Anybody who has to go to an emergency room with a child whose broken their finger or something, is going to end up with a bill for $20,000. You know why? Because of medical racketeering. And so, these are really efforts to money-grub by any means necessary, often in ways that are unethical and probably illegal. Let’s use that word racketeering to describe our national situation.

And let’s remember by the way, the activities of the central banks is just another form of racketeering. Using debt issuance and attempting to control interest rates in order to conceal our inability to generate the kind of real wealth that we need to continue as a techno-industrial society.

Societies have a really hard time understanding what they’re doing, articulating the problems that they face and coming up with a coherent consensus about what’s happening, and coming up with a coherent consensus about what to do about it. Combine that with another quandary, the relationships between energy and the dead racket for concealing real capital formation. I like to reduce it to one particular formula that is pretty easy for people to understand. It’s a classic quandary: that oil priced at over $75 a barrel in today’s dollars tends to crush economies, and oil priced under $75 a barrel in today’s dollars tends to crush oil companies. There is no real sweet spot between those two places. We’re ratcheting between them and each one of them entails a lot of destruction. That’s a terrible quandary that we’re in and it’s being expressed in banking and finance…and the people in charge of those things don’t really know what else to do except continue the deformation of institutions and instruments.

http://investmentwatchblog.com/james-howard-kunstler-racketeering-is-ruining-us/

Expecting War? Russia Conducts Armored Train Drills For First Time In 15 Years

One could only conclude that Putin is not playing around anymore.

“Putin is sending a message: “Don’t start something you can’t finish.”
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Instead, Russia is out and out prepared for war. It is likely enough that we should expect it, too. Can you feel things heating up?

These drills appear to be very serious training for the mobilization of a major force that intends to bring in vast numbers and superior equipment under cover from fire.

Watch carefully as this force readies to protect Putin’s army during transport to the point of conflict:

The Russians have been flaunting their latest equipment for communications jamming, which allows them to literally dominate and control an area; they have been flexing their ICBM mobile trucks and they have been giving every sign that they will not be pushed around by NATO, rightly or wrongly.

They will be rolling out their carefully regulated, exercised and trained 21st century armyready to engage in electronic warfare.

Ukraine and Syria are both still open proxies, and attempts to bring Ukraine into NATO could provoke open war:

Much of this comes as NATO and the IMF continue to attempt to garner Ukraine into the EU and make the country a full-fledged NATO member.  Such an action will not come without a price, however, and an excellent example of this can be found in an article entitled “Ukraine joining NATO would be trigger for war with Russia,” by Debra Killalea of news.com.au.

 

The red line in the sand is if NATO makes Ukraine a member.  That will be seen as a call for war.”

Dibbs also added that a nuclear war with Russia was “not an impossibility.”

Perhaps these world events coincide with clear signals from the American election cycle that Hillary will be inserted as president whether the public likes it or not, and whether or not her corruption and dirty laundry have been hung out in full display to all passersby.

The establishment has chosen Hillary, and Hillary has signaled for war with Iran. Russia and Syria have also been named as enemies on the new, updated ‘axis of evil.’ Basically the worst parts of the Bush regime and the Old Testament have been mixed together in a blender from hell and put into Hillary’s group of advisors and cabinet-members-to-be.

George Schultz and Henry Kissinger are almost certain both lucky just to be alive at their advanced ages, and both are pissed off at the possibility that they might die before they get to see war in Iran, or even conflict with the queen piece in Russia.

Regardless, the forecast has darkened significantly. Tensions in the middle east are being stoked once again for a new season, and old flames of war will be started up again.

http://www.zerohedge.com/news/2016-08-17/expecting-war-russia-conducts-armored-train-drills-first-time-15-years

Last place CNN caught again purposely lying trying to support Hillary Clinton

Talk about dishonesty. No wonder CNN is in last place and is the most distrusted cable news channel on television. Check out these two photos and you’ll never want to watch this station again.