Capitalism communism dysjustice dysfunction dystopia

Capitalist communist dysjustice dysfunction dystopia

{{{ongoing project- more coming soon iA (inshallah – God willing}}}}

Many Muslim scholars for generations, and we as students of knowledge, have been arguing and explaining that the political economic systems and ideologies that gained dominance in the 19th and 20th centuries, colonial and national imperialism, capitalism, communism, fascism, various forms of nationalism and racism, socialism and the corporatism globalism of the modern elitist financial kleptocracy, are basically and incorrigibly unjust  -hence more than injustice but a form of “dysjustice” – and are dysfunctional by innate structure. Therefore, upon these undeniable realities, even the 2012 Davos Economic Forum, (a group as infamous as the Bilderberg Group and other elite gatherings) have warned in 2012 of the “seeds of dystopia” have been planted to bear fruit in the world political economy. Dystopia is of course the opposite of utopia.

Who planted these ‘dystopian’ seeds, and who seeks to reap its fruits?

Why the exponential growth of inequality in the world in the last few decades, within societies, and in the global political economy?

What has been constructed and crafted by the power elite, by deliberate policies and laws and expansions and wars, to enrich and empower themselves perpetually, by self serving their elite interests?

Have they  constructed corporate power mechanisms to perpetuate their control over resources, biospheres,  regions of influence, and populations, to perpetuate privileges for the  “corporations are people” people?

Indeed, the injustices of the dysfunctional  dystopia are as obvious as they are incorrigibly evil, immoral, and destructive. They have been created to enrich a few elite and their henchmen at the expense of the masses, and they have and will continue to fight tooth and nails (not theirs but their vassals and henchmen) to maintain their privileges. Wars and the threat of wars are some of their tools. The industrial military complex, is vastly more complex and far reaching than in the time after WW2 when Eke Eisenhower warned about it with one side of his mouth, as he enabled it with his presidency and legacy.

The coming global collapse of this massively corrupt and injustice “system” (dysystem?) will be the normal, predictable and inevitable consequences of many decades of horrific global injustice, of catastrophic systemic dysfunctionality.

But this dysfuction has been by design – the injustices are structured and premeditated  –  to exploit the world’s human and natural and financial resources for the privileges of the elite, for their continual power and wealth, for the corporate bottom lines, and for personal and group fiefdoms.

We are on the cusp of a worldwide exposure of the utopian fallacies of capitalism and corporatism (fascism by definition, but with 21st century globalist flavors) etc, just as nonsensical and foolish as the classless society utopian fallacies of communism. Both are utterly bankrupt as a guiding ideology.  The entire edifice of the “social contract” between leaders and those lead in the capitalistic and communistic societies of the world, is being exposed as fundamentally flawed and bogus. It is collapsing the world over at the same time because, as the so called Arab Spring (a clever euphemism to misguide many) has shown, the common people really do matter, and the tyrannical elite and their bankrupt capitalistic cronies can be exposed and disposed, but at a very dear price.

But what system will come ….and is the old system still seeking to maintain is monopoly on power, wealth creation and destruction, “state sanctioned violence”  …  and …and …. hmm… we are getting ahead of ourselves.

The Arab world is the chaos of huge change.

The Eurozone and Americas are in chaos of huge change.

China and Asia are in the chaos of huge change.

Etc.

One reason for this chaos called change is that more and more people are coming to realize the lies and falsehoods  of the basic underlying ideological “social contract” of capitalism or communism. They are looking for a new ideological paradigm of social contract.

They are beginning to see the systemic exploitation of the masses by the privileged insiders, the corrupt parasitic “crony capitalists” and “crony communists” (or fascists, nationalists, or whatever) who fight to maintain their perch of power and wealth, and are willing, even proud, to sacrifice the interests of the common people for their own.

Just read what the Davos people mentioned about 2012 “dystopia”:

“Davos entitled GLOBAL RISKS 2012: THE SEEDS OF DYSTOPIA…

Some key points made by the panelists:
….”dystopia” … means the opposite of utopia…..Social unrest, ….is tied directly to economic uncertainty…. economic and financial insecurity, the rise of income and wealth inequality, challenges from poverty, unemployment effects of financial crisis.

Freakouts about debt loads, moreover, are leading to budget cuts — which, in Europe, at least, are making the recession worse.
225 million people worldwide are unemployed
1 in 3 people on the planet are poor or unemployed
1% of the world’s families own 40% of the wealth
Wages as a percent of GDP are at an all-time low
Corporate profits as a percent of GDP are at an all-time high
Current policies will lead to explosions
This inequality is “Great Gatsby revisited”
We’re in a “vicious circle”… fiscal austerity to solve debt problem is making everything worse…” [See for more at SOURCE ]

And on and on… So, are we going down the rabbit hole? Is this the 1984, or the Animal Farm revisited and updated? Is this Armageddon?

Is not the obvious obvious?

The US, Eurozone, China, Russia, Brazil, India and many others are highly dysfunctional because imbalances are skewered into the “system” by the corruptions of the “Powers that be” and the “Powers that Wannabe.”

The debt structures of interest, fiat Federal Reserve and Central Bank currencies, bonds, credit default swaps, and derivatives (valued at 700 trillion, did you say, and backed by  70 trillion, did you whisper) etc, are undeniable mathematically unsustainable, and its only a matter of time that….  well … the buck (petrodollar cycle?) stops somewhere. Is “somewhere” approaching to the here and now?

In June 2012, we see titles like these: (just a sample)

“The End Game: 2012 And 2013 Will Usher In The End” – The Scariest Presentation Ever?

and this

The Coming Global Recession: China, India, and Brazil are all slowing down simultaneously, plunging the entire world into economic crisis.

and

Euro Crisis May be Spilling Over to the Rest of the World

and

The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives HERE

And in the Guardian, Friday 1 June 2012 12.54

World stock markets plunge as global crisis deepens. Stock markets hit to their lowest level in 2012 as poor US jobless figures and weak manufacturing data from Europe sparked renewed fears of a global slowdow.  > guardian.co.uk, > HERE

Even yahoo news has this title

Former Hedge Funder’s Fearful Forecast: We‘re Looking at ’The Biggest Economic Shock the World Has Ever Seen’ & There’s Nothing We Can Do to Stop It > HERE 

Of course, many have been saying this for years, as an inevitable result of …. of … many factors but, well, let’s just call them here for fun’s sake the”seeds of dystopia.”

This is just a quick sample …. and much more.

See some other reflections in News and Views section of this blog and related blogs

,,,,, on and on ,,,,,,,

… All in good time…

Oh, did you mention the basic underlying dysfuction of the petrodollar cycle ,,, and about the fiat debt-based monetary system of usury (euphemistically called “interest”) where more debt is created than can ever be repaid (hence, purposeful, designed systemic dysfunction) , and the “interest” goes to those very well connected “interesting” people called the super rich and powerful financial elite (hence dysjustice), and yet the general people continue to believe in the corporate political-media industrial complex  mantra that “all will get better” and “this is only a temporary downturn” and “the system is still good but its just some bad people running (apparently) the show, so vote for me”   blah blah blah ad nauseum, hence, dystopia.

Proportionally, we are headed for …global economic collapse…. a galactic paradigm shift … a global tsunami of change …. an Armageddon scenario …..  the prophesied Last Days ….

…..

Yet, have you read the Muslim version of events… the Islamic Literature untainted by unauthentic reports and sectarian lies…

Have you read the verified documented authentic explanations of the Miraculous Majestic Quran, and the reliable Narrations of the Prophet of Allah Muhhamd ibn Abdullah , peace and blessing be upon him?

Have you seen that many of these prophecies are occurring just as mentioned and documents centuries ago?

Of course many of you have not, because you are preoccupied by daily survival and household chores, or actively avoiding to look into what might upset a long held comforting worldview- a utopian hope – of the past present and future.

Well, please do not avoid to search about the truth just because it may upset some targeted preconditioning to lull you into preconditioned comfort zones.

As they say, sometimes you must look outside the box -meaning the box others have created for you and you have created for yourself – to see some realities that may be upsetting because they are by definition outside that constricting box.

The truth will set you free only is you act upon it.

Islam is salvation by sincere repentance and submission to the ONE TRUE GOD of all the humanity and the entire universe, but have you investigated with earnest and without bias and preconceived fallacies that blind you?

(more forthcoming  iA)

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btw

dys -prefix

1. diseased, abnormal, or faulty dysentery dyslexia
2. difficult or painful dysuria
3.unfavourable or bad dyslogistic

[via Latin from Greek dus-]
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Some news items from other sites for comparison and research

17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

What is the second half of 2012 going to bring?  Are things going to get even worse than they are right now?  Unfortunately, that appears more likely with each passing day.  I will admit that I am extremely concerned about the second half of 2012.  Historically, a financial crisis is much more likely to begin in the fall than during any other season of the year.  Just think about it.  The stock market crash of 1929 happened in the fall.  “Black Monday” happened on October 19th, 1987.  The financial crisis of 2008 started in the fall.  There just seems to be something about the fall that brings out the worst in the financial markets.  But of course there is not a stock market crash every year.  So are there specific reasons why we should be extremely concerned about what is coming this year?  Yes, there are.  The ingredients for a “perfect storm” are slowly coming together, and in the months ahead we could very well see the next wave of the economic collapse strike.  Sadly, we have never even come close to recovering from the last recession, and this next crisis might end up being even more painful than the last one.

The following are 17 reasons to be extremely concerned about the second half of 2012….

#1 Historical Trends

A recent IMF research paper by Luc Laeven and Fabián Valencia showed that a banking crisis is far more likely to start in September than in any other month.  The following chart is from their report….

So what will this September bring?

#2 JP Morgan

Do you remember back in May when JP Morgan announced that it would be taking a 2 billion dollar trading loss on some derivatives trades gone bad?  Well, the New York Times is now reporting that the real figure could reach 9 billion dollars, but nobody really knows for sure.  At some point is JP Morgan going to need a bailout?  If so, what is that going to do to the U.S. financial system?

#3 Derivatives

Last week, Moody’s downgraded the credit ratings of 15 major global banks.  As a result, a number of them have been required to post billions of dollars in additional collateral against derivatives exposures….

Citigroup’s two-notch long-term rating downgrade from A3 to Baa2 could have led to US$500m in additional liquidity and funding demands due to derivative triggers and exchange margin requirements, according to the bank’s 10Q regulatory filing at the end of the first quarter.

Morgan Stanley – which Moody’s downgraded from A2 to Baa1 – said a two-notch downgrade from both Moody’s and Standard and Poor’s could spur an additional US$6.8bn of collateral requirements in its latest 10Q. The bank did not break down its potential collateral calls under a scenario where only Moody’s downgraded the bank below the Single A threshold.

Royal Bank of Scotland estimated it may have to post £9bn of collateral as a result of the one-notch Moody’s downgrade to Baa1 in a statement on June 21, but did not detail how much of this additional requirement was driven by margin for swaps exposures.

The worldwide derivatives market is starting to show some cracks, and at some point this is going to become a major disaster.

Remember, the 9 largest U.S. banks have a total of more than 200 trillion dollars of exposure to derivatives.  When this bubble completely bursts it is going to be impossible to fix.

#4 LEAP/E2020 Warning

LEAP/E2020 has issued a red alert for the global financial system for this fall.  They are warning that the “second half of 2012” will represent a “major inflection point” for the global economic system….

The shock of the autumn 2008 will seem like a small summer storm compared to what will affect planet in several months.

In fact LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.

#5 Increasing Pessimism

One recent survey of corporate executives found that only 20 percent of them expect the global economy to improve over the next 12 months and 48 percent of them expect the global economy to get worse over the next 12 months.

#6 Spain

The Spanish financial system is basically a total nightmare at this point.  Moody’s recently downgraded Spanish debt to one level above junk status, and earlier this week Moody’s downgraded the credit ratings of 28 major Spanish banks.

According to CNBC, Spain’s short-term borrowing costs are now about three times higher than they were just one month ago….

Spain’s short-term borrowing costs nearly tripled at auction on Tuesday, underlining the country’s precarious finances as it struggles against recession and juggles with a debt crisis among its newly downgraded banks.

The yield paid on a 3-month bill was 2.362 percent, up from just 0.846 percent a month ago. For six-month paper, it leapt to 3.237 percent from 1.737 percent in May.

Needless to say, this is very, very bad news.

#7 Italy

The situation in Italy continues to deteriorate and many analysts believe that it could be one of the next dominoes to fall.  The following is from a recent Businessweek article….

The euro zone’s third-biggest economy is seen as the next domino at risk of toppling after the European Union’s June 9 deal to lend Spain $125 billion in bank bailout funds. Yields on Italy’s 10-year government bonds reached 6.2 percent on June 13, up from just 4.8 percent in March. By pushing up Italy’s borrowing costs out of fear of default, investors are making a default more likely. 

A recent Fortune article detailed some of the economic fundamentals that have so many economists deeply concerned about the Italian economy right now….

The main glaring risk threats that could propel Italy down the path to become Europe’s next domino is the size of country’s outstanding debt (at €1.9 trillion or 120% of GDP); the mountain of debt it has to roll over in the next 12 months (nearly €400 billion); and the market’s cracking credibility around Prime Minister Mario Monti’s ability to reduce the country’s fiscal footprint and spur growth.

Further, fear around Italy’s creditworthiness, which has recently been expressed by near cycle highs in sovereign CDS spreads and government yields on the 10-year bond, follow some rather glaring negative fundamentals over recent quarters and years:  declining GDP over the last three consecutive quarters; a rising unemployment rate (especially among its youth); deterioration in labor market competitiveness; and increased competition for export goods to its key trading partners.

#8 Greece

I have written extensively about the financial nightmare that is unfolding in Greece.  Unemployment has soared past the 20 percent mark, youth unemployment is above 50 percent, the Greek economy has contracted by close to 25 percent over the past four years and now Greek politicians are saying that a third bailout package may be necessary.

#9 Cyprus

The tiny island nation of Cyprus has become the fifth member of the eurozone to formally request a bailout.  This is yet another sign that the eurozone is rapidly falling apart.

#10 Germany

German Chancellor Angela Merkel continues to promote an austerity path for Europe and she continues to maintain her very firm position against any kind of eurozone debt sharing….

Merkel, speaking to a conference in Berlin today as Spain announced it would formally seek aid for its banks, dismissed “euro bonds, euro bills and European deposit insurance with joint liability and much more” as “economically wrong and counterproductive,” saying that they ran against the German constitution.

“It’s not a bold prediction to say that in Brussels most eyes — all eyes — will be on Germany yet again,” Merkel said. “I say quite openly: when I think of the summit on Thursday I’m concerned that once again the discussion will be far too much about all kinds of ideas for joint liability and far too little about improved oversight and structural measures.”

In fact, Merkel says that there will be no eurobonds “as long as I live“.  This means that there will be no “quick fix” for the problems that are unfolding in Europe.

#11 Bank Runs

Every single day, hundreds of millions of dollars is being pulled out of banks in southern Europe.  Much of that money is being transferred to banks in northern Europe.

In a previous article I included an extremely alarming quote from a CNBC article about the unfolding banking crisis in Europe….

Financial advisers and private bankers whose clients have accounts too large to be covered by a Europe-wide guarantee on deposits up to 100,000 euros ($125,000), are reporting a “bank run by wire transfer” that has picked up during May.

Much of this money has headed north to banks in London, Frankfurt and Geneva, financial advisers say.

“It’s been an ongoing process but it certainly picked up pace a couple of weeks ago We believe there is a continuous 2-3 year bank run by wire transfer,” said Lorne Baring, managing director at B Capital, a Geneva-based pan European wealth management firm.

How long can these bank runs continue before banking systems start to collapse?

#12 Preparations For The Collapse Of The Eurozone

As I have written about previously, the smart money has already written off southern Europe.  All over the continent major financial institutions are preparing for the worst.  For example, just check out what Visa Europe is doing….

Visa Europe is holding weekly meetings to discuss scenarios in the event the euro zone collapses, joining other companies that are preparing for a potential breakup of the currency bloc.

Chief Commercial Officer Steve Perry said Tuesday that management at the U.K.-based credit-card company meets weekly to explore various possible outcomes, including a total collapse of the euro zone.

#13 Global Lending Is Slowing Down

All over the globe the flow of credit is beginning to freeze up.  In fact, the Bank for International Settlements says that worldwide lending is contracting at the fastest pace since the financial crisis of 2008.

#14 Sophisticated Cyber Attacks On Banks

It is being reported that “very sophisticated” hackers have successfully raided dozens of banks in Europe.  So far, it is being estimated that they have stolen 60 million euros….

Sixty million euro has been stolen from bank accounts in a massive cyber bank raid after fraudsters raided dozens of financial institutions around the world.

According to a joint report by software security firm McAfee and Guardian Analytics, more than 60 firms have suffered from what it has called an “insider level of understanding”.

What happens someday if we wake up and all the money in the banks is gone?

#15 U.S. Municipal Bankruptcies

All over the United States there are cities and towns on the verge of financial disaster.  This week Stockton, California became the largest U.S. city to ever declare bankruptcy, but the reality is that this is only just the beginning of the municipal debt crisis….

Stockton, California, said it will file for bankruptcy after talks with bondholders and labor unions failed, making the agricultural center the biggest U.S. city to seek court protection from creditors.

“The city is fiscally insolvent and must seek Chapter 9 bankruptcy protection,” Stockton said in a statement released yesterday after its council voted 6-1 to adopt a spending plan for operating under bankruptcy protection.

#16 The Obamacare Decision

The U.S. economy is already a complete and total mess, and now the Obamacare decision is going to throw a huge wet blanket on it.  All over America, small business owners are saying that they are going to have to let some workers go because they cannot afford to keep them all under Obamacare.  It would be hard to imagine a more job killing law than Obamacare, and now that the Supreme Court decision has finally been announced we are going to see many businesses making some really hard decisions.

#17 The U.S. Election

It is being reported that Barack Obama is putting together an army of “thousands of lawyers” to deal with any disputes that arise over voting procedures or results.  It certainly looks like this upcoming election is going to be extremely close, and there is the potential that we could end up facing another Bush v. Gore scenario where the fate of the presidency is determined in court.  This campaign season is likely to be exceptionally nasty, and I fear what may happen if there is not a decisive winner on election day.  The possibility of significant civil unrest is certainly there.

We definitely live in “interesting” times.

Personally, I am deeply concerned about the September, October, November time frame.

The other day, Joe Biden delivered a speech in which he made the following statement….

“It’s A Depression For Millions And Millions Of Americans”

And what Biden said was right for once.  Millions of Americans are out of work right now and millions of Americans have fallen out of the middle class in recent years.  If you have lost everything, it does feel like you are living through a depression.

When people lose everything, they tend to get desperate.  And desperate people do desperate things – especially when they are angry.

A whole host of recent opinion polls have shown that anger and frustration in the United States are rising to unprecedented levels.  The ingredients are certainly there for an explosion.  Someone just needs to come along and light the fuse.  We truly do live in frightening times.

Let us hope for the best, but let us also prepare for the worst.

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even mainstream reports

3 doomsaying experts who foresee economic devastation ahead

By Adam Shell, USA TODAY

Updated 2/27/2012 5:05 PM

NEW YORK – Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

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Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost. But a crash is coming in 2013 or 2014, he warns. “This will be a repeat of 2008-09, only bigger, when it finally hits,” Dent told USA TODAY.

Gerald Celente, a trend forecaster at the Trends Research Institute, says Americans should brace themselves for an “economic 9/11” due to policymakers’ inability to solve the world’s financial and economic woes. The coming meltdown, he predicts, will lead to growing social unrest and anti-government sentiment, a U.S. dollar with far less purchasing power and more people out of work.

Celente won’t rule out another financial panic that could spark enough fear to cause a run on the nation’s banks by depositors. That risk could cause the government to invoke “economic martial law” and call a “bank holiday” and close banks as it did during the Great Depression.

“We see some kind of threat of that magnitude,” Celente, publisher of The Trends Journal newsletter, warned in an interview.

Robert Prechter, author of Conquer the Crash, first published in 2002 and updated in 2009, is still bearish. He says today’s economy has similarities to the Great Depression and warns that 1930s-style deflation is still poised to cause financial havoc. Prechter predicts that the major U.S. stock indexes, such as the Dow Jones industrials and Standard & Poor’s 500, will plunge below their bear market lows hit in March 2009 during the last financial crisis. The brief recovery will fail as it did in the 1930s, he says.

2 very different viewpoints

If he’s right, stocks would lose more than half of their value. “The economic recovery has been weak, so the next downturn should generate bad news in a big way,” Prechter said in an e-mail interview. “For the third time in a dozen years, the stock market is in a very bearish position.”

These dire forecasts differ sharply with the brighter outlooks being espoused by the bulls, or optimists, on Wall Street. Recent stock performance and fresh readings on the economy also suggest a future that is less gloomy than the doomsayers predict.

The Dow, for instance, is in rebound mode and has climbed back to levels not seen since the early days of the financial crisis in May 2008. Tech stocks in the Nasdaq composite are trading at levels last seen in 2000. Data on auto sales, manufacturing and consumer confidence have been firming. Job creation is also on the rise. The unemployment rate dipped to 8.3% in January, its lowest level in three years.

As a result, stock market strategists such as Rod Smyth of RiverFront Investment have been raising their outlooks for 2012. Smyth raised his target range for the S&P 500 to 1250-1500. If the market hits the top of the range, stocks would have risen 10%. Similarly, Brian Belski, strategist at Oppenheimer, recently said he remains comfortable with his year-end 2012 target of 1400. That’s up 2.5% from here. Bespoke Investment Group published research that shows the market, which is closing in on a new bull market high, has done well in the past once it breaks through old highs.

Name: Harry Dent, Author of ‘The Great Crash Ahead’

Bulls are betting that Europe’s banking system will be stabilized, minimizing the risk of a severe credit crisis. Bulls are also encouraged by recent data from around the world that show modest growth and a pickup in economic momentum.

The causes of economic calamity

So what has the super-bears so worried?

Dent says the combination of aging Baby Boomers exiting their big spending years and a shift toward debt reduction and austerity around the world will cause the economy to suffer another severe leg down, making it more difficult for the government and Federal Reserve to avert a new meltdown. He has not always been bearish. In 1993 he wrote The Great Boom Ahead.

Name: Robert Prechter, author of ‘Conquer the Crash’

Celente, who as far back as 2008 has been warning of economic calamity, argues that the ballooning debt and the growing divide between the haves and have-nots has put the U.S. in a weakened state.

As a result, he says, the nation is more vulnerable to potential shocks. He worries about potential chaos caused by people all trying to yank their money out of financial markets at the same time. He also sees risk in the event there is a loss of confidence in elected leaders.

Societal unrest in the form of street protests and increased crime are possible, too, he adds. Markets could also be spooked by an oil price shock due to a military conflict between Israel and Iran, or a bad outcome to Europe’s debt crisis.

Name: Gerald Celente, trend forecaster at The Trends Research Institute

“2012 is when many of the long-simmering socioeconomic and political trends that we have been forecasting and tracking will climax,” Celente noted in his Top 12 Trends 2012 newsletter. In an interview he added: “When money stops flowing to the man on the street, blood starts flowing in the street.”

While bulls are urging investors to get back into stocks, the doomsayers are advising a far different strategy. Dent’s investment advice is simple: “Get out of the way.” He recommends buying short-term U.S. Treasury bills and the U.S. dollar, which will benefit from safe-haven cash flows. He says stocks will fall sharply in value.

Celente’s advice centers on survival. He says buy gold so you don’t lose purchasing power when the value of the dollar plummets. He says buy a gun to protect your family against desperate people in search of food and money. He says plan a getaway to places with more stable finances and governments.

Prechter says to keep your powder dry and buy when things get really bad: “When things get really scary, as in early 2009, I get bullish.”

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