I've Been Cheated!

Gary North - November 28, 2016
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Lew Rockwell made it. Ron Paul made it. But I didn't. You can read about it here.

Some unknown lefty outfit compiled a list of 200 websites promoting what it called the Russian party line. Lefty outfits liked outfits that did this back before the Soviet Union collapsed in 1991 -- 25 years ago. But these days, voicing the Russian party line means opposing the American Empire, the budget of the Pentagon, and the New World Order. This is just not tolerated by lefty outfits.

The outfit's ranking on Alexa is below 4.5 million. It is invisible. It has no influence. Yet the Washington Post treated it as if it were some major research organization. The Left is desperate.

Lefty outfits are hard-pressed to explain away the fact that American voters handed Hillary Clinton her last political defeat. This was an affront to their best-laid plans. There was no possibility that Trump would win the election. So, they are in search of reasons. Reasons turn out to be 200 websites that do not toe the line established by the establishment media. They must be crushed. They are all part of what Hillary called in 1998 a vast right-wing conspiracy.

I don't think these outfits understand what happened to them on November 8. It is simply inconceivable to them. There was no way that this could have happened. It was supposed to be Bush versus Clinton. It wasn't. It was supposed to be the Clinton dynasty defeating the Bush dynasty. It wasn't. The playbook of CFR Team B to cast out CFR Team A depended on Jeb Bush. But Jeb Bush turned out to be a loser.

Not since 1964 had an outsider threatened the playbook that had been operational ever since 1932. Barry Goldwater never really had a chance after the assassination of Kennedy. But Goldwater attracted millions of voters who had not understood that there really was an alternative worldview to that laid down by the establishment media and they never really went away.

The establishment media now realize that their control has evaporated. They are going to try to get it back. They will be able to do this if the Federal Reserve system allows the next recession to become as deep as it was in 2010, and then not inflate in order to make it go away. This is why I am beginning to think that the Federal Reserve will raise the rate that it pays commercial banks to deposit excess reserves with the Federal Reserve. But there are limits on its ability to do this. It has to pay this interest out of its earnings. Every dollar paid to the commercial banks will not be repaid to the United States Treasury, which will send the deficit even higher.

I think the establishment is willing to do almost anything, including tank the economy, in order to destroy the possibility of the re-election of Donald Trump in 2020. There is no question that Trump is the enemy. The establishment will do whatever it can to persuade Trump to appoint CFR members, but he has not done it so far. I think they are waiting to see whether he is going to capitulate by January 20. If he refuses to play ball, then I think we are in for a serious recession. That will be a very risky strategy for the establishment to pursue. Their money is in paper wealth, and that is what is threatened most of all during a recession.

The establishment is doing whatever it can to undermine alternative viewpoints on the Web. In this sense, it is totally reactionary; it is too late by almost two decades. It is not possible for the establishment to make these alternative websites go away.

It is not to the financial advantage of Facebook to suppress social media. It is too late for that. People have established their systems of connections, and the algorithms cannot be written to overcome this. The money flows into Facebook only on the basis of the existing system of digital communications. People have established their connections, and they are not going to abandon them because of a change in algorithms.

The unified worldview of the establishment is being undermined by the multiplicity of websites and Facebook communities. It is the triumph of Isaiah's Job.

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