Fink talking about how “we” fund debt/investment. It’s “why” the stock market Trump keeps talking about keeps going up: most people’s “savings,” particularly 401k, plus credit card/loan rates are in the markets invested in debt and the refinancing of it. Also, it will be whatever $ from other countries, who are heavily invested already in the US “market,” due to its size, diversification and perceived potential/safety. This is what the China Summit was largely about: China putting $ into the US. This is what “America First,” looks like: it’s not corporations actually investing their own $. It is about other people’s money with the idea it is a guaranteed return.
China: more $ and cash, which they have a need to invest, means more Chinese in the US. More high net worth Chinese will set up in the US and have their children here, this is a big desire among many Chinese. More homes and land bought, particularly in places like California. More Chinese living in the US. 600k of elite level Chinese students coming to the US. Why? Because the “elite” universities want them, not domestic US students. Why? Because the elite places want to continue on into the future and domestic students are not going to go to these places in the numbers they used to. The Chinese have the cash and want to go to elite places. They won’t be indoctrinated into Western liberal ideology whatever because they have already been educated k-12 in China and their Eastern classics.
This is the money play to “rebuild” the US. The cash comes from outside the US and from our “savings” investments. As long as that stream happens…
Equating with the Tech dot com bubble is not apples to apples. That was based on different fantasies…data centers are a real estate and energy production play.
The larger challenges are: the Digital Sphere/Elites (which are worldwide) are not pro human and thus not pro West as have understood it. The West “leaders” such as Trump need to generate “growth” (Fink’s comments) and the place for this is Digital, as in a bucket that people are willing to pour money into that then leads to income (jobs?) to the humans not at the top.
The Digital elites seem pro West (pro Israel for example), but they don’t know what the West really is - grounded in the Medieval.
They are all about AGI. The Chinese view humans differently and are about daily use of Digital (Chinese stuff will be in all of our devices). The Chinese want “rails” to prevent AGI from running amok.
Coming “culture war”: what about the humans? See Gens Alpha, Beta and Charlie, and the cracks that already appear in Gen Z.
I'll be publishing a post that addresses Chinese money. China has just taken steps to severely restrict the flow of Chinese money to Wall Street. It's a very big deal.
Mark, take a look at “dual circulation.” This is the Chinese approach.
The US is countering them/this with the Genius and Clarity Acts.
Tokenization is here to stay and the Chinese will be part of this. They need stability and growth and while they are focusing on their domestic side, they will play ball with the US, at least in the near term.
Here is a doc from the China Institute of Modern International Relations (part of their official state department):
“The great change in the world and the way of coexistence between
''This short piece is one in a series that tries to map the capitalist system’s current convulsive state. The vulnerabilities have been there for years, decades even, and today’s symptoms are all public: redemption filings, earnings reports, bond auction results, labour dispute settlements, and the admissions buried in footnotes. The real economy, meanwhile, has long been flashing warning signs of its own. In all likelihood, the next crash won’t announce itself with a headline. It will start in a place that no one is watching. By the time you see it, the fuse will have already burned through.
How long can the system continue to absorb shocks before one of them doesn’t bounce? Read the boring stuff because the answers are often there. Watch the bond market—that’s the clock. The emergencies are just the alarm that has been set.'' Fabio Vighi
A friend of mine who used to work in a European bank back-office said this of the article, (which he appreciated very much): ''Even the banksters know its coming but like one of them said after the 08 crash ...''while the music's playing you gotta keep dancing (ie the financial musical chairs game).''
“The CEO of BlackRock, Larry Fink, says ordinary people’s savings accounts and pension funds, worth trillions of dollars will be used to build data centers and power grids for AI
He says that people will be forced to invest in it”
Socialize the expenses and losses, privatize the gains. What a country!!
So audacious it is hard to believe and scary for just that reason. But there it is right out in the open as a warning to us. Maybe because he/they think it is too late for us to do anything about? Thanks very much for bringing this kind of evil planning to light.
Little anecdotes from when I started working in the IT industry in the 90s. I was at an industrial manufacturing company that had its own IT department, running network, logistics, e-mail and such.
One day, we were informed that most of the operational stuff had been outsourced to Hewlett Packard. We were to work on handing things over to them, and then the IT department would be wound down.
We had people from PwC walking through the offices and production lines, guys in their 20s in suits and slick, combed-back hair with stopwatches who were "optimising our processes" and begun every single sentence with "We at Price Waterhouse Coopers..." while measuring how long it took the mail lady to cut open a letter.
As we watched the world burn, my boss bought a couch from IKEA, and had it set up in the office, so we would have somewhere to sit and wait while everything stopped working for half a day. He called it the "HP couch".
The last part I know only from hearsay, but I choose to believe it to be true, as it came from some people pretty high up. Apparently, the whole affair started when our CEO was playing golf with the CEO of Lufthansa (German national airline), and the other CEO was bragging how much outsourcing had lowered their labour cost.
Nothing new under the sun. But if you want to go down an interesting conspiratorial rabbit hole, I can recommend Katherine Fitts' work on how the datacentres are part of an upcoming total surveillance state
Typical corporate management behavior as regards IT over the last 30 years. It was for quite a long time a push and pull between in-house and outsourced but it seems that India gradually won that battle. Yeah, I can believe what is now happening is part of the establishment of the "control grid." Thanks for relating your painful but educational experience, Alex.
Looks like we'll be backstopping these maniacs just like we did the investment bankers in 2008. The Tech Bros are going to be hated as much as the Zionists are.
But Glenn, if if I may, I I just wanted to to add something in here. It's it's a fairly long conversation, but I I I want to start it out of how did we get here? ...
So, then you have to kind of wonder why what what's behind this? Why is America this way?
And is Donald Trump simply a symptom or is he uh you know some sort of instigator or something who has changed everything?
And I I would argue that he's really a symptom because what I would do is I go back to 1964 and this was uh Johnson is running against the Republican side and and gets creamed. uh you know Johnson wins in a landslide and what happens is um on the Republican side there is a real crisis because the families who controlled businesses in the United States and and back then it was families whether it was Getty or Rockefeller or or Ford or everything they all controlled their business and they they were still because we're as I said n um 1964
So they believe that America is on the precipice of of communism. Uh that you know you have a socialist uh president and Lyndon Johnson and that it is time to uh draw the line.
So flash forward a few years uh to uh 19 um I think it's 1960 no 64 and in that 1970s uh you have the Powell doctrine this is Lewis Powell he goes on to become Supreme Court justice but 6 months before he becomes justice he writes a secret memo and in that memo he outlines that the American public cannot be trusted. It's time to put democracy aside and it is time for um you know businesses to be aggressive to take control of media right to take control of the courts uh to fight against any kind of consumer protection against labor laws uh against universities intellectuals and this is all outlined and if people are interested they should just look up the Powell Memo and um and not Powell the secretary of defense who was waving that little white vial around saying is this is why we're going to war.
Um this was Lewis Powell. He went on the Supreme Court and it was his um he wrote in the affirmative to make um corporations people and then by extension people have freedom of speech and by extending that therefore corporations can back whoever they want with as much money as they want.
And this changed politics. I mean companies can unlimited amount of money. They can, you know, basically control elections. I ran elections. You need money to run elections. But they can also um hobble the parties because each party is making deals with special interests. Well, if you're business, you're the special interest.
Of course, labor was then making deals with the Democratic side. But the big most amount of money was on the Republican side. So he outlines his plan to take over America um to I mean thoroughly very thorough plan. You have to read the document in order to get a a complete idea of it.
And then we fast forward a little bit uh to this Clean Break doctrine which we've talked about before. Uh that was by Richard Perle.
And in this document uh in 90 I think it was 94 um they they no 96 they uh they say this is written to Netanyahu and the essence of it is Israel should forget about any kind of diplomacy um in terms of settling its issues there. It should not seek to live with other countries needs to either dominate or decimate. Right?
If the country acquiesces to Israel's uh greater goals, that's fine. If they don't, you knock them down.
And this in essence becomes the, you know, the mantra, the the the blueprint uh for Israel's actions even even as we come through today. Well, what did they do? The first the first well, let me go to last one.
The last one is uh was done by the current secretary of [defense] uh for policy Elbridge Colby. He's important. He's he's also was supposed to come to China and China has delayed his his visit. He is completely anti-China and I don't mean in a small way.
And in 2021 he he wrote a book um trying to was it uh the strategy for denial and in this he talks about the way to get at China is to take control uh to deny it access to trade routes basically by controlling uh these choke point areas whether it's Panama Canal or the um trade Hormuz the straits of Malacca, the Red Sea, the uh the Suez Canal and also..as part of that to deny China access to energy is the thinking being that if we can, we don't allow them to have energy, they have to import a lot. Therefore, they can't produce a lot. And even what they produce, we can intercept it and prevent them from distributed worldwide.
So, this is really kind of I mean, he just lays it out there. I mean, this is a book he wrote. He's not going to deny it or anything. And he is now, as I said, uh there he's he's not a very likable fellow um during his confirmation. He got all sorts of uh out of step with so many people uh in the Congress. Uh even people who wanted to kind of support him. But he was able to get through.
Okay. So you have these three documents. All right. And then you have one other thing that people should pay attention to and that is 1964 as I keep stressing it was the families that controlled businesses that were you know basically directing uh things like the Bradley Foundation.
Um I lived in Milwaukee. All right. And the Bradley Foundation was founded there. I knew the people who were on the board. um not too well, but I knew them. Small small area um small city, so everybody kind of knows each other. Um those families went away and what they did is they had hired help. And who were the hired help? Well, they were professionals, people with business degrees, accountants, uh consultants, um you know, these were the people, you know, investment banking houses, things like that. These were the people who started controlling and running the corporations.
And what was their goal? Their goal was not uh they had no affinity towards any local place. It didn't matter. Every single factory was just a profit and loss center. And if I move production away from there to somewhere else, whether it's another country, another town, it just all I care about is the numbers. I look at the spreadsheet because that's what they're trained to do.
The families despite all of their vagaries, things like that, they did live in their towns. They lived in the towns where they had factories. You know, Ford lived in Michigan. He lived in Detroit, right? He was there. His executives were around them. They were part of the community.
When you start bringing in hired help, there is no community. They're there from somewhere else. They're there to maximize shareholder values and in the process maximize their bonuses.
So you have these three papers uh and then this massive change in control and the aims and objectives. So this this became the kind of blueprint first you know the first uh document uh terms of the outline by Powell structured domestic political control.
The second exported the logic into foreign policy. Okay, we're going to control everything.
And the third said it's not only foreign policy, it's foreign policy plus economic policy all pushed together.
So this is how when somebody asked me um how do you explain where we are today? This is how I explain it to them.
I recognize the plan. I came over from England in 1963 and I've watched the whole show - bringing in foreign cheap goods, then encouraging credit cards to get everyone in debt. It was a good life for a while, buy now, pay later ;}
Then the women had to work to pay for it all and they painted that as an improvement - women's lib.
Then no-fault divorce.... the show went on.
Now money is the only thing that matters and the corporations can trick us out of what we have left. Life is going to get ugly for most people.
I read today that almost all of the techie corporations are run by Indians and as soon as they get to be CEOs they fire americans and hire h1 indians.
Fink talking about how “we” fund debt/investment. It’s “why” the stock market Trump keeps talking about keeps going up: most people’s “savings,” particularly 401k, plus credit card/loan rates are in the markets invested in debt and the refinancing of it. Also, it will be whatever $ from other countries, who are heavily invested already in the US “market,” due to its size, diversification and perceived potential/safety. This is what the China Summit was largely about: China putting $ into the US. This is what “America First,” looks like: it’s not corporations actually investing their own $. It is about other people’s money with the idea it is a guaranteed return.
China: more $ and cash, which they have a need to invest, means more Chinese in the US. More high net worth Chinese will set up in the US and have their children here, this is a big desire among many Chinese. More homes and land bought, particularly in places like California. More Chinese living in the US. 600k of elite level Chinese students coming to the US. Why? Because the “elite” universities want them, not domestic US students. Why? Because the elite places want to continue on into the future and domestic students are not going to go to these places in the numbers they used to. The Chinese have the cash and want to go to elite places. They won’t be indoctrinated into Western liberal ideology whatever because they have already been educated k-12 in China and their Eastern classics.
This is the money play to “rebuild” the US. The cash comes from outside the US and from our “savings” investments. As long as that stream happens…
Equating with the Tech dot com bubble is not apples to apples. That was based on different fantasies…data centers are a real estate and energy production play.
The larger challenges are: the Digital Sphere/Elites (which are worldwide) are not pro human and thus not pro West as have understood it. The West “leaders” such as Trump need to generate “growth” (Fink’s comments) and the place for this is Digital, as in a bucket that people are willing to pour money into that then leads to income (jobs?) to the humans not at the top.
The Digital elites seem pro West (pro Israel for example), but they don’t know what the West really is - grounded in the Medieval.
They are all about AGI. The Chinese view humans differently and are about daily use of Digital (Chinese stuff will be in all of our devices). The Chinese want “rails” to prevent AGI from running amok.
Coming “culture war”: what about the humans? See Gens Alpha, Beta and Charlie, and the cracks that already appear in Gen Z.
I'll be publishing a post that addresses Chinese money. China has just taken steps to severely restrict the flow of Chinese money to Wall Street. It's a very big deal.
Mark, take a look at “dual circulation.” This is the Chinese approach.
The US is countering them/this with the Genius and Clarity Acts.
Tokenization is here to stay and the Chinese will be part of this. They need stability and growth and while they are focusing on their domestic side, they will play ball with the US, at least in the near term.
Here is a doc from the China Institute of Modern International Relations (part of their official state department):
“The great change in the world and the way of coexistence between
China and the United States”
https://www.savageminds.co/p/the-three-fuses?u
''This short piece is one in a series that tries to map the capitalist system’s current convulsive state. The vulnerabilities have been there for years, decades even, and today’s symptoms are all public: redemption filings, earnings reports, bond auction results, labour dispute settlements, and the admissions buried in footnotes. The real economy, meanwhile, has long been flashing warning signs of its own. In all likelihood, the next crash won’t announce itself with a headline. It will start in a place that no one is watching. By the time you see it, the fuse will have already burned through.
How long can the system continue to absorb shocks before one of them doesn’t bounce? Read the boring stuff because the answers are often there. Watch the bond market—that’s the clock. The emergencies are just the alarm that has been set.'' Fabio Vighi
Wow - ‘Nvidia’ is simply Newspeak for ‘Ponzi’ right?
Jensen Huang has explicitly conceded the China market to Huawei. That's the biggest market in the world.
A friend of mine who used to work in a European bank back-office said this of the article, (which he appreciated very much): ''Even the banksters know its coming but like one of them said after the 08 crash ...''while the music's playing you gotta keep dancing (ie the financial musical chairs game).''
Thanks Sarah. VERY interesting.
“The CEO of BlackRock, Larry Fink, says ordinary people’s savings accounts and pension funds, worth trillions of dollars will be used to build data centers and power grids for AI
He says that people will be forced to invest in it”
Socialize the expenses and losses, privatize the gains. What a country!!
So audacious it is hard to believe and scary for just that reason. But there it is right out in the open as a warning to us. Maybe because he/they think it is too late for us to do anything about? Thanks very much for bringing this kind of evil planning to light.
Exactly. Heads we win, tails you lose.
Little anecdotes from when I started working in the IT industry in the 90s. I was at an industrial manufacturing company that had its own IT department, running network, logistics, e-mail and such.
One day, we were informed that most of the operational stuff had been outsourced to Hewlett Packard. We were to work on handing things over to them, and then the IT department would be wound down.
We had people from PwC walking through the offices and production lines, guys in their 20s in suits and slick, combed-back hair with stopwatches who were "optimising our processes" and begun every single sentence with "We at Price Waterhouse Coopers..." while measuring how long it took the mail lady to cut open a letter.
As we watched the world burn, my boss bought a couch from IKEA, and had it set up in the office, so we would have somewhere to sit and wait while everything stopped working for half a day. He called it the "HP couch".
The last part I know only from hearsay, but I choose to believe it to be true, as it came from some people pretty high up. Apparently, the whole affair started when our CEO was playing golf with the CEO of Lufthansa (German national airline), and the other CEO was bragging how much outsourcing had lowered their labour cost.
Nothing new under the sun. But if you want to go down an interesting conspiratorial rabbit hole, I can recommend Katherine Fitts' work on how the datacentres are part of an upcoming total surveillance state
https://solari.com/the-fast-approaching-digital-control-grid-a-checklist-of-trump-administration-actions-to-date/
Typical corporate management behavior as regards IT over the last 30 years. It was for quite a long time a push and pull between in-house and outsourced but it seems that India gradually won that battle. Yeah, I can believe what is now happening is part of the establishment of the "control grid." Thanks for relating your painful but educational experience, Alex.
I have many "war stories" from almost 30 years of enterprise IT... 😉
Great article.
I believe that our fraudulent corruption based economy is going to have an epic collapse. It's all very fake and like Sec. Bessent very "gay" .
Looks like we'll be backstopping these maniacs just like we did the investment bankers in 2008. The Tech Bros are going to be hated as much as the Zionists are.
This Kind of Fits Here as the TECH GIANTS Will Control
Posted very late on another thread
WHY IS AMERICA THIS WAY
Einar Tangen Glenn Diesen -
Why Is America This Way
BRILLIANT Discussion by Einar Tangen and Glenn Diesen (well I thoroughly appreciated)
I had about 13 minutes of a portion transcribed
HOW DID THE US GET HERE - EXPLAINED BY TANGEN
https://glenndiesen.substack.com/p/einar-tangen-chinas-strategy-for
But Glenn, if if I may, I I just wanted to to add something in here. It's it's a fairly long conversation, but I I I want to start it out of how did we get here? ...
So, then you have to kind of wonder why what what's behind this? Why is America this way?
And is Donald Trump simply a symptom or is he uh you know some sort of instigator or something who has changed everything?
And I I would argue that he's really a symptom because what I would do is I go back to 1964 and this was uh Johnson is running against the Republican side and and gets creamed. uh you know Johnson wins in a landslide and what happens is um on the Republican side there is a real crisis because the families who controlled businesses in the United States and and back then it was families whether it was Getty or Rockefeller or or Ford or everything they all controlled their business and they they were still because we're as I said n um 1964
So they believe that America is on the precipice of of communism. Uh that you know you have a socialist uh president and Lyndon Johnson and that it is time to uh draw the line.
So flash forward a few years uh to uh 19 um I think it's 1960 no 64 and in that 1970s uh you have the Powell doctrine this is Lewis Powell he goes on to become Supreme Court justice but 6 months before he becomes justice he writes a secret memo and in that memo he outlines that the American public cannot be trusted. It's time to put democracy aside and it is time for um you know businesses to be aggressive to take control of media right to take control of the courts uh to fight against any kind of consumer protection against labor laws uh against universities intellectuals and this is all outlined and if people are interested they should just look up the Powell Memo and um and not Powell the secretary of defense who was waving that little white vial around saying is this is why we're going to war.
Um this was Lewis Powell. He went on the Supreme Court and it was his um he wrote in the affirmative to make um corporations people and then by extension people have freedom of speech and by extending that therefore corporations can back whoever they want with as much money as they want.
And this changed politics. I mean companies can unlimited amount of money. They can, you know, basically control elections. I ran elections. You need money to run elections. But they can also um hobble the parties because each party is making deals with special interests. Well, if you're business, you're the special interest.
Of course, labor was then making deals with the Democratic side. But the big most amount of money was on the Republican side. So he outlines his plan to take over America um to I mean thoroughly very thorough plan. You have to read the document in order to get a a complete idea of it.
And then we fast forward a little bit uh to this Clean Break doctrine which we've talked about before. Uh that was by Richard Perle.
And in this document uh in 90 I think it was 94 um they they no 96 they uh they say this is written to Netanyahu and the essence of it is Israel should forget about any kind of diplomacy um in terms of settling its issues there. It should not seek to live with other countries needs to either dominate or decimate. Right?
If the country acquiesces to Israel's uh greater goals, that's fine. If they don't, you knock them down.
And this in essence becomes the, you know, the mantra, the the the blueprint uh for Israel's actions even even as we come through today. Well, what did they do? The first the first well, let me go to last one.
The last one is uh was done by the current secretary of [defense] uh for policy Elbridge Colby. He's important. He's he's also was supposed to come to China and China has delayed his his visit. He is completely anti-China and I don't mean in a small way.
And in 2021 he he wrote a book um trying to was it uh the strategy for denial and in this he talks about the way to get at China is to take control uh to deny it access to trade routes basically by controlling uh these choke point areas whether it's Panama Canal or the um trade Hormuz the straits of Malacca, the Red Sea, the uh the Suez Canal and also..as part of that to deny China access to energy is the thinking being that if we can, we don't allow them to have energy, they have to import a lot. Therefore, they can't produce a lot. And even what they produce, we can intercept it and prevent them from distributed worldwide.
So, this is really kind of I mean, he just lays it out there. I mean, this is a book he wrote. He's not going to deny it or anything. And he is now, as I said, uh there he's he's not a very likable fellow um during his confirmation. He got all sorts of uh out of step with so many people uh in the Congress. Uh even people who wanted to kind of support him. But he was able to get through.
Okay. So you have these three documents. All right. And then you have one other thing that people should pay attention to and that is 1964 as I keep stressing it was the families that controlled businesses that were you know basically directing uh things like the Bradley Foundation.
Um I lived in Milwaukee. All right. And the Bradley Foundation was founded there. I knew the people who were on the board. um not too well, but I knew them. Small small area um small city, so everybody kind of knows each other. Um those families went away and what they did is they had hired help. And who were the hired help? Well, they were professionals, people with business degrees, accountants, uh consultants, um you know, these were the people, you know, investment banking houses, things like that. These were the people who started controlling and running the corporations.
And what was their goal? Their goal was not uh they had no affinity towards any local place. It didn't matter. Every single factory was just a profit and loss center. And if I move production away from there to somewhere else, whether it's another country, another town, it just all I care about is the numbers. I look at the spreadsheet because that's what they're trained to do.
The families despite all of their vagaries, things like that, they did live in their towns. They lived in the towns where they had factories. You know, Ford lived in Michigan. He lived in Detroit, right? He was there. His executives were around them. They were part of the community.
When you start bringing in hired help, there is no community. They're there from somewhere else. They're there to maximize shareholder values and in the process maximize their bonuses.
So you have these three papers uh and then this massive change in control and the aims and objectives. So this this became the kind of blueprint first you know the first uh document uh terms of the outline by Powell structured domestic political control.
The second exported the logic into foreign policy. Okay, we're going to control everything.
And the third said it's not only foreign policy, it's foreign policy plus economic policy all pushed together.
So this is how when somebody asked me um how do you explain where we are today? This is how I explain it to them.
.
Thanks Joe
Thanks, Joe. I appreciate that.
I recognize the plan. I came over from England in 1963 and I've watched the whole show - bringing in foreign cheap goods, then encouraging credit cards to get everyone in debt. It was a good life for a while, buy now, pay later ;}
Then the women had to work to pay for it all and they painted that as an improvement - women's lib.
Then no-fault divorce.... the show went on.
Now money is the only thing that matters and the corporations can trick us out of what we have left. Life is going to get ugly for most people.
I read today that almost all of the techie corporations are run by Indians and as soon as they get to be CEOs they fire americans and hire h1 indians.
Blessings all!