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Dave's avatar

So much to unpack. Most people dismissed Obama's use of Cloward-Piven strategies back in 2008-2010 as nut-job, right-wing conspiracy theory. Yet we watched as system after system was assaulted, then deliberately overwhelmed while their first goal of massive expansion of the welfare state was achieved. It literally was his plan to intentionally destroy capitalism in the US by pumping up the welfare roles to the point of collapsing our economy, then nationalizing as many of the institutions he could.

It's all Alinsky and it's pretty clear that domestically, the same folks still working this strategy (who got their a$$es handed to them at the ballot box in 2010 mid terms) are the same folks bent on scorched earth policy now, just 'behind the scenes' but are now more deeply partnered with globalists, running Cloward-Piven at the global level.

Europe and especially Germany are hosed, but the hit to our dollar will be especially painful to so many of us retired, or ready to retire in the US after 40+ years of work... I'm honestly not sure how personally 'de-dollarize' my retirements as Luongo alluded to... There doesn't seem to be any place to move to, out of the way of this train wreck.

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Ray-SoCa's avatar

Investment choices:

- People always need a place to live. Real estate that produces Positive cash flow is good. Negative right now is prices in many places don’t make sense. And if not managed right, easy to lose money. And done states, cough California, landlords are treated as if they have big targets in their backs by lawyers.

- crypto currency - I don’t understand it.

- gold - negative is no cash flow. Positive is does not lose value with inflation.

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huskercr's avatar

What about the Russian ruble and the Chinese RMB in addition to gold? Speculative, but the ruble has really been beaten down and the RMB may be significantly undervalued. Of course the ruble could drop more, the RMB might remain permanently undervalued, and while gold is being accumulated by various central banks and could possibly serve as the backing for foreign exchange reserves and/or currency in the future, it also may not. Basic theme would be that the US dollar may be heading for trouble based on the Luongo and other articles, so what are the alternatives?

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anonymous joan's avatar

Mark, I wish I were more intelligent so that I could completely understand this. We watch Tucker. I read you, plus several other people. I keep asking myself, how and why did the financial people support and vote this man into the presidency. I also can remember one of the heads of an investment group writing in one of his letters to 'us' the investors how 'things' would settle down now that Trump was gone and Biden had placed guys like Blinken as head of State. A large fund manager, controlling millions and millions of dollars and he trusted this administration. There are so many like him on the left who control so much capital. What were they thinking?

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Ray-SoCa's avatar

Per Luongo, LME is owned by China, oh, I mean the HK Exchange. That explains the decision to save that Chinese nickel tycoon.

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dissonant1's avatar

Mark, I can't properly express how much I appreciate this posting and its predecessor (both your remarks and the referenced information). I wasn't going to comment because a "heart" is a love and I didn't want to be redundant. But the content of these posts is so eye-opening and so crucial to understanding what is truly going on in the world now and has such tremendous impact on all of our futures. You have done all of us a tremendous favor by presenting this in as comprehensible fashion as possible. Thanks!

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ML's avatar

Yes, Mark, all your recent posts channeling Luongo and others…such expert forensics along with your usual uncompromising moral clarity. Thank you. (In lieu of Barr, look up Dover Beach by Matthew Arnold, ca 1851, if you can believe it…)

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Ginned up's avatar

Yes, Mark is a bit of a canary in the coal mine. My recollection of his blog pre substack is that he gave the feds more benefit of the doubt. We have all been red pilled. I wonder where it ends?

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Mark Wauck's avatar

You're welcome!

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Mark Wauck's avatar

Fiorella Isabel

@FiorellaIsabelM

Whats the next thing they’ll get you to hate? Today it’s Russians, a few weeks ago it was the truckers, before that the unvaccinated, & before that those of a different political ideology. So who’s next before you realize you’re being manipulated to not focus on the actual enemy?

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perle's avatar

These things backfire. What made me a Trumpster was the extreme vilification thrown at him, and how little it corresponded with the facts. This now resembles the 'hate' sessions out of "1984" and shows them up for what they are, haters.

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Hemsley Hawes's avatar

This is what I understand Catherine Austin Fitts to have been warning about and her suggestions - to use cash as much as possible, bank and buy and sell local, support small business and small banks, invest in tangible assets, are all ways we can fight them and also prepare for the collapse of the petrodollar. It seems evident to me that Trump and COVID and everything after was always about this impending collapse. We have been warned.

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AmericanCardigan's avatar

Looks like you made time to take the "deep dive" into all the economic and financial implications. Much appreciate the blog to sort of make sense of things. I read the article you referred to in the other blog on this topic a week or so ago. Head spinning stuff.

These economic/financial (no fan of Keynesian vodoo) are a consequence of policies years in the making as suggested. Credit Suisse is in much trouble too for laundering money news lately and IMO losing a great deal of credibility. China is now telling Russia to halt as it does not to be too associated as the sole economic de-facto "go to".

Further, it appears the Nuland statement of Bio research labs and the hub bub is creating Pres. Z to re-think his position and move towards a negotiated agreement w/Russia. Appears to be all the things Putin asked for in the beginning. Sadly, I'm sure Nuland et al are forcing Pres. Z to this uncompromised compromise.

Finally, do you recommend Bill Barr's book? Haven't gotten it yet and thinking about it...

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Ray-SoCa's avatar

The review of Barr’s book was interesting. I expected him to have a lot more dirt on Trump. Sounds like the book is a money grab (huge, politically biased book advances are not considered bribes, unfortunately), and trying to push the narrative about how clean the doj and fbi were in the Trump era.

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Mark Wauck's avatar

Strange, isn't it? People who don't need the money, nevertheless grabbing for it?

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perle's avatar

This is coming kind of late, more than a year after. Are they circling the wagons, afraid of something? Is Barr implicated?

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Ray-SoCa's avatar

Revelations of DOJ and FBI political bias are slowly coming out. Trust in both institutions competence and enforcement of the law blindly are taking major hits. Barr is trying to protect their reputation.

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dissonant1's avatar

Not a flattering picture of Barr for sure. That Barr laments Trump's "pettiness" is laughable. So he thinks that "trumps" all the good that Trump did for the country? Give me a break. Barr shows his true colors and personality with that statement. And along with that he also has the gall to ignore the harm done to the country by the politicization of the DOJ? And be blind to the "pettiness" shown by Comey, Rosenstein, and a host of others? That tells me all I need to know about Barr. His party is the Swamp.

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Mark Wauck's avatar

Absolutely don't recommend! don't finance betrayal.

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Mar 14, 2022
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Mark Wauck's avatar

What can't continue, won't.

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Mar 13, 2022
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Mark Wauck's avatar

Sounds like a plan.

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Mar 13, 2022
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Ginned up's avatar

@forbes

Not sure you (or i) understand what Putin or the Global Cartel wants out of this Ukraine imbroglio. I suspect for Putin this is an all in, all cards on the table, do or die moment. Ukraine is the spark that lit the fuse much like the bullet to the Archduke in Sarajevo in 1914. It could've been anything but it's Ukraine. So be it. Now the thing must be seen to its conclusion. Russia must birth an alternative to the petrodollar US reserve currency and central bank system or perish. This is the great vulnerability of America and the West that we inflicted on ourselves by discarding all the manufacturing and productive wealth we amassed in 1945 and opting for a financialized economy that can be wrecked by an asset based system.

For the Globalistas, they must wreck Russia and do whatever it takes to prevent the asset based system from gaining viability. What you are so astounded by is simply the unstoppable acts of desperate people. They will risk everything to keep power. Including killing millions w biowarfare and the killer genetic injections. And now a war w Russia even if it means mass starvation and nuclear strikes. They believe they can win and must win or die trying. We are mere sheep and fodder.

However bad you think things are, they are much worse than that. Prepare accordingly.

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Mark Wauck's avatar

Likewise

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