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Don’t get race-baited about the US riots: It’s about the economy, stupid!

Mitchell Feierstein
Mitchell Feierstein

Mitchell Feierstein is the CEO of Glacier Environmental Fund and author of ‘Planet Ponzi: How the World Got into This Mess, What Happens Next, and How to Protect Yourself.’ He spends his time between London and Manhattan. Join Mitch on Twitter, Instagram, and Facebook – @Planetponzi

Mitchell Feierstein is the CEO of Glacier Environmental Fund and author of ‘Planet Ponzi: How the World Got into This Mess, What Happens Next, and How to Protect Yourself.’ He spends his time between London and Manhattan. Join Mitch on Twitter, Instagram, and Facebook – @Planetponzi

Don’t get race-baited about the US riots: It’s about the economy, stupid!
America is burning while the media keeps peddling racism-themed diversions. Behind that smokescreen, the entitled, hyper-partisan elites get to continue the economic plunder that has created the worst wealth inequality in history.

The riots taking place across the United States are being spun to the gullible as being all about race and “systemic racism”, but they’re actually about economics, power and the destruction of the middle class.

The NASDAQ stock market is surging to within one percentage point of an all-time high. Record stock prices should indicate robust economic prosperity and healthy, growing companies providing employment for all, but the markets have been dangerously rigged – they’re a total fraud. More than 40 million Americans are jobless, and businesses are failing across the US at the fastest rate in the history of the nation. Corporate debt and leverage have never been higher, and the economy is collapsing and contracting at a rate faster than during the Great Depression in the 1930s – yet asset prices are bubbling to record highs.

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Is it any wonder people believe everything is rigged and don’t trust the media or government? How can this happen?

The Federal Reserve Bank (Fed) – which is neither a bank nor part of the federal government and is owned by Wall Street’s member banks – has recklessly instituted policies that have artificially manipulated stock, property and bond prices by printing trillions of dollars out of thin air.

NASDAQ companies continue to borrow cheap money to repurchase their shares, pushing stock prices ever higher and giving the illusion of a prosperous economy – but it’s all smoke and mirrors. So far this year, NASDAQ companies have spent $75 billion on share buybacks, helping the billionaire class and media-propagandist millionaires at the expense of the middle class. Their savings rates are zero and the Fed will soon resort to negative interest rates (NIRP) – even though NIRP has already failed in every country it’s been launched in. Stock buybacks were illegal in the 1980s and should still be illegal now. 

The government and servile media are allowing financial plunder and the destruction of the middle class out of a sense of self-preservation. They shriek about race, incite tribalism and regularly practice ‘race-baiting’ in order to distract the gullible. 

In the past week, at least 10 people have been reported dead and nearly 5,000 people have been arrested as these growing riots impact 200 American cities. Last weekend alone, 82 people were shot in Chicago, 19 of them fatally, but the media didn’t shout about it – in fact, it acted even more dishonestly as the riots grew steadily worse. Yet the New York Times, the Washington Post, NBC, MSNBC, CNN and ABC all refuse to say the word “riot”. These ministries of truth refer to people being killed and businesses being destroyed by lawless thugs as mere “protests”, and make an effort to emphasize the “mostly peaceful” ones.

This has been encouraged by the Democratic Party’s politicians and operatives. Democratic Party member and Seattle City Council member Tammy Morales stated, “I hope we’re all saying we understand why that destruction (looting) happened and we understand why people are upset, but what I don’t want to hear is for our constituents to be told to be civil, not to be reactionary, to be told looting doesn’t solve anything. It does make me wonder why looting bothers people so much more than knowing that, across the country, black men and women are dying every day, and far too often at the hands of those who are sworn to protect and serve.” 

Maura Healey, Massachusetts’ Attorney General, a Harvard-trained lawyer and a Democratic Party operative, told the Chamber of Commerce that the riots were “a once in a lifetime opportunity. Yes, America is burning, but that’s how forests grow.” 

Last week, the New York Times declared that, because of Covid-19, it would be unpatriotic to protest. Now that we have violent riots that are destroying the US, the New York Times’ editorial board has done a complete about-face, publishing a piece titled “America’s George Floyd Protests Won’t Stop Until Police Brutality Does”. Why is the New York Times now seemingly approving of the looting and burning down of police stations? Is it to appease their masters and distract the public? 

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The riots are the latest propaganda tool in this great diversion – a diversion that claims the unrest is all about race, rather than economics and plunder by the elites. The economic oppression is a political power grab by Washington, Hollywood, Silicon Valley and their media partners, who have been sowing seeds of discord and hate.

Not one politician is showing any sense of leadership around the riots. Instead, they are fanning the flames of destruction and hate so that the rioting, arson, looting and senseless destruction of property continues. Just look at how New York Governor Andrew Cuomo’s inaction is giving the OK to rampant lawlessness committed by thugs.

There are massive, well-funded and organized protests across the US during an election year. Coincidence? Nope. The Democratic Party and their mainstream-media partners would rather incite riots and burn America to the ground than lose control and power.

We need to defend the rule of law as it applies to everyone. Mob rule and chaos are where we are now, and politicians have done nothing to prevent this from happening. The law-abiding citizens of the nation are being terrorized, while their rights are stripped away as the economy is pillaged.

This tribalism will destroy civil society, signalling the end of democracy and the world as we know it. Leaders need to lead, and the second a peaceful protest becomes violent, that protest must be deemed over and everyone sent home.It’s as simple as that.

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of RT.

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