Newsletter Subject

America’s “Quiet Coup”

From

paradigmpressgroup.com

Email Address

dr@mb.paradigmpressgroup.com

Sent On

Fri, Oct 4, 2024 10:00 PM

Email Preheader Text

Who?s Behind It? | America?s ?Quiet Coup? Annapolis, Maryland We have an item of considerabl

Who’s Behind It? [The Daily Reckoning] October 04, 2024 [WEBSITE]( | [UNSUBSCRIBE]( America’s “Quiet Coup” Annapolis, Maryland [Brian Maher] BRIAN MAHER Dear Reader, Is the United States enduring a “Quiet Coup”? Economist Peter St. Onge: In the wake of the 2008 Financial Crisis, former chief economist of the IMF Simon Johnson warned that the same dysfunctional policies he saw in his basket-case banana republics had taken hold in the United States. Johnson warned that if America didn’t act fast, we would plunge into a “Quiet Coup” as the American financial system effectively captures the government, bailing itself out until we run out of money. The United States did not “act fast.” It did not act whatsoever. The result? The subversives of the American financial system have seized the commanding heights. Much of the financial and governmental apparatus is in their grasping hands. The Triumph of Financialization As Mr. St. Onge reminds us: Between 1973 and 1985, the United States’ financial sector never exceeded 16% of the domestic corporate product. Yet by the early 2000s? The United States’ financial sector was spitting out 41% of the domestic corporate product. Meantime, the United States financial industry represented some 10% of the gross domestic product in 1970. By 2010 the financial system ballooned to 20% of the gross domestic product… inflated and levitated by the Federal Reserve’s false helium. The Origins of the Quiet Coup Here Mr. St. Onge traces the coup’s evolution to the early 2000s: [America’s financial sector] turned a chunk of [its] profits into lobbying, repealing Depression-era prudential regulations separating banking and investment banking. In other words, freeing banks to gamble with taxpayer-guaranteed funds. Then it lobbied to raise leverage — meaning how much the financial sector could borrow. So it could make large gambles with a small amount of money — again, all taxpayer-guaranteed. The end result was the 2008 crisis, where banks made trillions in risky loans to people with no income, no assets and no credit. The leverage meant they had bet the farm and then some — keeping all the profits. Then when it turned south they sicced lobbyists on Washington to line up bailouts, using the real economy as a hostage to wring out yet more lobbyist favors. From Cats’ Paws to Giants’ Feet Yet perhaps the Quiet Coup originated earlier than the early 2000s. Here is represented, in graphic form, the progress of this Quiet Coup… approaching first on the slinks of cats’ paws… then the stomps of giants’ feet: [image 1] [URGENT: Unclaimed Giveaway Offer]( We have an item of considerable value on hold for you in our warehouse. Valued at nearly $300, this [special item]( is an opportunity you wanted to miss… [Click Here To Claim Yours Now]( The Subversives Pull Ahead As revealed: The bottom 80% of American earners marched ahead from the early 1940s through the early 1970s. Revealed also is that the tiptop 1% lost ground to the guttering 80% across the same stretch. Yet in the early 1980s the tiptop 1% went leaping ahead… and began showing the 80% its dust. The Quiet Coup was beginning to murmur. Yet the murmurs were ignored. And so today the Quiet Coup dins. The subversives are very nearly enthroned if not entirely enthroned. It is far from clear that the coup is reversible absent highly concerted and determined action. A Coup Needn’t Be Violent As far as subversives run, these fellows are a curious bunch. They wield no daggers, they shed no red blood. No Caesar must beware the Ides of March. They instead wield dollars and shed red ink. A successful coup requires a heavily financialized economy with perpetually expanding credit — that is, debt — to keep the show going. That debt becomes a weapon in the subversives’ hands and a millstone upon society’s neck. They chokes off savings and investment in productive assets. Speculation goes amok. Rack and ruin is next. Now comes a question: Was the Quiet Coup in some sense inevitable? Is America in a “Signal Crisis”? A finance man named Johnston — Henry Johnston — stretched the historical canvas upon his work desk. He concluded: An examination of history reveals recurrent instances of financialization that bear remarkable similarities, which invites the conclusion that perhaps the predicament in the American economy in recent decades is not unique and that the ever-rising power of Wall Street was in a sense preordained. Does the Quiet Coup represent a “signal crisis”? Johnston: This leads to the onset of what [the Italian political economist and historian of global capitalism Giovanni] Arrighi calls a “signal crisis,” meaning an economic crisis that signals the shift from accumulation by material expansion to accumulation by financial expansion. What ensues is a phase characterized by financial intermediation and speculation. Another way to think about this is that having lost the actual basis for its economic prosperity, a nation turns to finance as the final economic field in which hegemony can be sustained. The phase of financialization is thus characterized by an exaggerated emphasis on financial markets and the finance sector. This the United States has witnessed. [[Urgent] Starlink Set For The Largest IPO In History?]( [click here for more...]( He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000! And now, Elon could be set to do it for the third and final time… with what might be his biggest breakthrough yet. And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO. [Click Here For The Urgent Details]( False Renaissance More: The 1970s was a decade of deep crisis for the U.S., with high levels of inflation, a weakening dollar after the 1971 abandonment of gold convertibility and, perhaps most importantly, a loss of competitiveness of U.S. manufacturing. Then came financialization and its shiny gimcrack: But financialization also allowed the U.S. to reflate its economic and political power in the world, particularly as the dollar was ensconced as the global reserve currency. This reprieve gave the U.S. the illusion of prosperity of the late 1980s and ’90s, when, as Arrighi says, “There was this idea that the United States had ‘come back.’” Yet the transformation from productive phase to financialized phase is temporarily and transiently lovely. It attains — in fact — the appearance of an economic renaissance. It is mistaken for the triumphant phoenix, rising gloriously from flames. Financialization Masks the Trajectory of Decline Again, Mr. Johnston: The corrosive nature of financialization is not immediately evident — in fact, quite the opposite… The turn to financialization, which is initially quite lucrative, can provide a temporary and illusory respite from the trajectory of decline, thus deferring the onset of the terminal crisis. Witness Wall Street for proof thereof. No trajectory of decline is in evidence, no terminal crisis is in sight. The subversives are on their thrones and kinging the nation — to a very large extent at least. Can they be unthroned? We conclude where we began… with Mr. Peter St. Onge: The American financial system is “desperately ill,” kept alive only by an endless series of bailouts, like the ones that headed off bank failures last year… The only solution is forced recognition of bank losses — which would bankrupt them — then selling them to new management that will not have access to bailouts. Yet is it feasible, sir? The High Cost of Regret Given their lobbying power, the odds of breaking up America’s megabanks are slim to none. Meaning unless Washington reins in the banks, we’re in store for more existential financial crises, more bailouts and national debt and more running out the clock to financial catastrophe. We missed our chance in 2008, and in all likelihood, it will take an even bigger crisis before politicians turn on their lobbyists and the financial coup that has seized our republic. “Nothing is more expensive than regret,” someone, somewhere once said. The United States may one day regret that it failed to put down the Quiet Coup in 2008 — in its adolescent phase. It will likely prove a mighty expensive regret… Regards, [Brian Maher] Brian Maher Managing Editor, The Daily Reckoning [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) Editor’s note: Thousands of Americans have already claimed [this financial war kit that Jim Rickards and his team put together:]( [click here for more...]( This kit contains currency that’s been used since the time of ancient Mayan civilization (around 1500 BCE)... a 1/10th-ounce gold Eagle… and more. Only a few hundred of these kits remain in our warehouse. That worries Jim because he believes we’re looking at an all-out global financial war that has the potential to devastate America’s economy. And without this box, Jim fears you’ll be prepared. Right now, its contents are worth a few hundred dollars. But once this currency war begins… It could become worth significantly more. That’s why Jim wants to get this kit into your hands immediately. [Go here]( to claim yours while they’re still available. Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:feedback@dailyreckoning.com) [Brian Maher] [Brian Maher]( is the Daily Reckoning's Managing Editor. Before signing on to Agora Financial, he was an independent researcher and writer who covered economics, politics and international affairs. His work has appeared in the Asia Times and other news outlets around the world. He holds a Master's degree in Defense & Strategic Studies. [Paradigm]( ☰ ⊗ [UPDATE PREFERENCES]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your The Daily Reckoning e-mail subscription and associated external offers sent from The Daily Reckoning, feel free to [click here,]( or manage your newsletter preferences [here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@dailyreckoning.com. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Daily Reckoning is committed to protecting and respecting your privacy. We do not rent or share your email address. Please read our [Privacy Statement.]( If you are having trouble receiving your The Daily Reckoning subscription, you can ensure its arrival in your mailbox by [whitelisting The Daily Reckoning.](

EDM Keywords (237)

yet writer wring worth world work without wield whitelisting weapon washington warehouse wanted wake violent unthroned unique type turn triumph transformation trajectory today tiny time thrones third think tesla temporary temporarily take sustained suggestions subversives subscribers submitting store stomps spitting speak solution slinks slim signing signals sight shift shed share set selling seized security saw savings said running run ruin reviewing revealed result respecting represented reply rent reflate recommendation reading questions question put publications publication provide protecting prosperity prospectus progress profits profit privacy printed predicament potential phase perspective perhaps people origins opposite opportunity open onset ones odds next neck nation murmurs much monitored money mistaken missed might message megabanks master march manufacturing manage mailing mailbox made lost loss looking lobbyists lobbied line likelihood licensed levitated letter length least leads kit kinging keeping keep item invites investment inflation income importantly illusion ignored ides idea hundred however hostage holds hold historian hegemony headed get gamble following financialization financial finance fellows feedback farm far failed fact expensive exiting exit examination evolution evidence ensure ensues ensconced end employees editors economy economic dust dollar degree deemed decline decade debt daggers credit coup contents consulting consent conclusion concluded conclude competitiveness company communication committed comes clock click clear claim chunk chokes chance breaking bet believes behind beginning began banks bailouts attains assets arrival appeared appearance americans america allow advised advertisements address accumulation account access 90s 80 41 2010 2008 20 1985 1973 1970s 1970 10

Marketing emails from paradigmpressgroup.com

View More
Sent On

08/12/2024

Sent On

08/12/2024

Sent On

07/12/2024

Sent On

07/12/2024

Sent On

06/12/2024

Sent On

06/12/2024

Email Content Statistics

Subscribe Now

Subject Line Length

Data shows that subject lines with 6 to 10 words generated 21 percent higher open rate.

Subscribe Now

Average in this category

Subscribe Now

Number of Words

The more words in the content, the more time the user will need to spend reading. Get straight to the point with catchy short phrases and interesting photos and graphics.

Subscribe Now

Average in this category

Subscribe Now

Number of Images

More images or large images might cause the email to load slower. Aim for a balance of words and images.

Subscribe Now

Average in this category

Subscribe Now

Time to Read

Longer reading time requires more attention and patience from users. Aim for short phrases and catchy keywords.

Subscribe Now

Average in this category

Subscribe Now

Predicted open rate

Subscribe Now

Spam Score

Spam score is determined by a large number of checks performed on the content of the email. For the best delivery results, it is advised to lower your spam score as much as possible.

Subscribe Now

Flesch reading score

Flesch reading score measures how complex a text is. The lower the score, the more difficult the text is to read. The Flesch readability score uses the average length of your sentences (measured by the number of words) and the average number of syllables per word in an equation to calculate the reading ease. Text with a very high Flesch reading ease score (about 100) is straightforward and easy to read, with short sentences and no words of more than two syllables. Usually, a reading ease score of 60-70 is considered acceptable/normal for web copy.

Subscribe Now

Technologies

What powers this email? Every email we receive is parsed to determine the sending ESP and any additional email technologies used.

Subscribe Now

Email Size (not include images)

Font Used

No. Font Name
Subscribe Now

Copyright © 2019–2024 SimilarMail.