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What We Don't Elect Matters Most: Central Banking and the Permanent Government
By Charles Hugh Smith
If we
avert our eyes from the electoral battle on the
blood-soaked sand of the Coliseum and look
behind the screen, we find the powers that
matter are not elected: our owned by a
few big banks Federal Reserve, run by a
handful of technocrats, and the immense National
Security State, a.k.a. the Permanent
Government. These entities operate the
Empire which hosts the electoral games for the
entertainment and distraction of the public.
The governance machinery controlled by
elected representatives is tightly constrained
in what it can and cannot do. It can't do
anything to stop the debasement of the nation's
currency, which is totally controlled by the
Politburo of the Fed, nor can it do much to
limit the Imperial Project, other than feel-good
PR bits here and there.
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The
president wields vast powers but even the
president is powerless to stop the debasement of
the nation's currency and the enrichment of
bankers, financiers, corporations, etc., who
fund the campaigns of the gladiators, oops I
mean politicians.
If we set aside the term Deep State
and simply call it the unelected machinery of
governance (Permanent Government), we get a
clear picture of its scope and power.
Presidents, senators and representatives come
and go, but the machinery of Empire grinds on,
decade after decade.
A great many people and places in America
don't matter to the Fed or the Permanent
Government, and so they've been abandoned to
their fates. The darlings of the Fed and
Empire are clustered in Silicon Valley and other
urban hubs where the technological and financial
machinery of global hegemony are fabricated and
maintained.
Those far from these centers of banking,
finance and Big Tech have little to no stake as
owners of meaningful capital. All they have
to sell is their labor, and that's been losing
purchasing power for decades as financialization
and globalization have stripmined rural America
and enriched the bankers, financiers and
speculators who serve the Fed and unelected
Permanent Government.
The Fed and the Permanent Government
have been very, very good to the few at the
expense of the many. Look at the chart below
at America's complete dominance when measured by
the soaring wealth of its top 1% power elite:
We're Number One in wealth, income and power
inequality, yea for the Fed and the Empire!
And we don't have to elect them--they elect
themselves.
Charles Hugh Smith is the proprietor of the popular blog www.OfTwoMinds.com .