Top adviser to Chancellor George Osborne filmed smoking crack cocaine in drugs den
One of Chancellor George Osborne’s senior advisers on economic policy has been captured on video smoking crack cocaine in a drugs den.
Prof Douglas McWilliams, who last year estimated we would all be £165 a year better off by the election, is seen inhaling it through a glass tube at a flat in North London.
The executive chairman of influential City think-tank the Centre for Economic and Business Research then slumps dazed on a sofa after repeatedly smoking on the makeshift crack pipe involving a miniature Martell Cognac bottle.
One of my greatest frustrations during the post-financial crisis period has been the unwillingness of the rich and powerful to call out central banking for what it is: financial slavery. While I accept that many are simply ignorant or brainwashed, there are plenty who know exactly what’s going on and are merely trying to make as much money as possible from the Federal Reserve created scam before the music stops. For those with influence in society, this is a highly immoral choice.
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The dragon tail of Marx’s end-game of overcapacity and finance capital is about to shred China’s fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences.
Longtime readers know my one expertise is annoying the entire ideological spectrum in 1,000 words or less. Today is one of those days, so strap on your blood pressure monitor and prepare for full-spectrum annoyance, regardless of your ideological leanings.
Marxism is typically considered discredited outside of a few protected fiefdoms of academia which tend to engage in obscure debates over the labor theory of value and other signifiers of membership in the inner circle of deep Marxist thinkers.
Outside these cloistered academic circles, Marxism is dismissed for two basic reasons:
1. the predicted final crisis and implosion of capitalism did not occur
2. the vaguely outlined post-capitalist incarnation of a stateless worker’s paradise not only failed to materialize, but was used to justify destructive, murderous totalitarian regimes.
But those egregious failures of Marxist theory should not blind us to the value of his critique of capitalism.
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In Kiev, where clearly the Keiser Report has more influence on opinion than John Kerry:
Global capital flows are taking on heightened importance in today’s bizarro market environment. As the system become more unstable, capital seeks safety — and that can lead to non-intuitive outcomes, at least in the short term.
The analysis and understanding of these capital flows may well be more important than any other factor in determining investment performance during this next phase of the markets. As they say: Follow the money.
Read the full article here
Of all the idiotic wars that the dangerously inept American politicians propagandize the public into accepting, the latest ISIS conflict is the most Orwellian and terrifying. Not only was the emergence of ISIS the direct consequence of the chaos left over by the Iraq war — which in itself was based on lies and inaccurate information — but the primary funders of the latest existential terrorist threat du jour are America’s Persian Gulf allies.
The Gulf monarchs didn’t attain absolute power by being teddy bears. They are devious, ruthless experts in playing one side against the other. Incredibly, many of these same countries allowing funds to flow to ISIS were simultaneously padding the coffers of the Clinton Foundation, while Hillary Clinton was Secretary of State.
Read more here.