Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
9.WE HAVE NO CHOICE BUT TO INVEST IN STOCKS AND HOUSING MARKET - Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
Everyone and their Grandma is Expecting a Big Stocks Bear Market Rally - 23rd June 22
The Fed’s Hawkish Bite Left Its Mark on the S&P 500 Stocks - 23rd June 22
No Dodging the Stock Market Bullet - 23rd June 22
How To Set Up A Business To Better Manage In The Free Market - 23rd June 22
Why Are Precious Metals Considered A Good Investment? Find Out Here - 23rd June 22
UK House Prices and the Inflation Mega-trend - 22nd June 22
Sportsbook Betting Reviews: How to Choose a Sportsbook- 22nd June 22
Looking to buy Cannabis Stocks? - 22nd June 22
UK House Prices Momentum Forecast - 21st June 22
The Fed is Incompetent - Beware the Dancing Market Puppet - 21st June 22
US Economy Headed for a Hard Landing - 21st June 22
How to Invest in EU - New Opportunities Uncovered - 21st June 22
How To Protect Your Assets During Inflation - 21st June 22
AI Tech Stocks Current State, Is AMAZON a Dying Tech Giant? - 20th June 22
Gold/Gold miners fundamental checkup - 20th June 22
Personal Finance Tips: How To Get Out Of A Tough Financial Situation - 20th June 22
UK House Prices Relative to GDP Growth - 19th June 22
Will Global Markets Be Pushed Deeper Into Crisis Event By The US Fed? - 19th June 22
Useful Things You Need To Know About Tweezer Top Candlestick Pattern - 19th June 22
UK House Prices Real Terms Sustainable Trend - 17th June 22
Why I’m buying the “new” value stocks… - 17th June 22
Optimize Benefits from R&D in Software Product Development with an R&D Tax Credit Software - 17th June 22
Want To Save On Your Business Energy? Here Are Some Helpful Tips - 17th June 22
State of the Stocks Bear Market - 15th June 22
The Gold Market Is Getting Ready for Another Interest Rate Hike - 15th June 22
The Dow Industrials’ Big 8-Wave Cycle is Incomplete - 15th June 22
7 Things You Need to Know About Finances - 15th June 22
Dow Stocks Bear Market Forecast Trend Trajectory - 13th June 22
Why Putin has KILLED Russia - 12th June 22
Trading the Calm Before the Stock Market Storm – Consider Putting On A Long Strangle - 12th June 22
Shrinkflation! - 12th June 22
6 Useful Tips To Help You Create A Good Marketing Strategy - 12th June 22
Big Inflation Will Spur Gold Price - 11th June 22
Economic "Hurricane": Here's a Take on a Bank CEO's Warning - 11th June 22
Axie Infinity (AXS)Mmade a lot of People Rich… Temporarily, What We Learned - 11th June 22
The CRACK UP BOOM! Implications for Stocks, Housing. and Commodities, Silver Potential - 10th June 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The Dark Forces behind American Insurrectionists

Politics / US Politics Jan 25, 2021 - 03:42 PM GMT

By: Dan_Steinbock

Politics

On January 6, 2021, a mob of white supremacists stormed the U.S. Capitol, presumably to overturn Trump's defeat. Their final goal may have involved assassinations of elected officials, however.

After the “failed insurrection,” dozens of the mob were found to be watch-listed in the FBI Terrorist Screening Database. Most are suspected white supremacists. But the ultimate goals of some may have been even darker.

In a court filing, federal prosecutors have targeted one of the mob’s most colorful figures, Jacob Anthony Chansley; the shirtless “QAnon Shaman” with a headdress of coyote skin and buffalo horns. "The intent of the Capitol rioters,” the prosecutors believe, “was to capture and assassinate elected officials in the US government.”


Insurrectionists’ bedfellows     

At the “Save America” rally on the morning of January 6, Donald Trump, Jr. urged the mob to “take back our country” and march over to the Capitol, while former mayor Rudy Giuliani called for “trial by combat.” Seconded by several Republican members of Congress, they called action to undermine the “stolen presidency.”

After reaching the Capitol and overwhelming police barricades, the protesters assaulted police officers and journalists, erected a hangman’s noose and waved a Confederate flag, while proudly wearing white supremacist paraphernalia, including an Auschwitz concentration camp shirt.

Trying to take lawmakers hostage, they looted House Speaker Nancy Pelosi’s offices, occupied the empty Senate chamber and planted improvised explosive devices (IEDs) on the grounds and the offices of the Democrats and Republicans. As news images evidence, some police officers were taking selfies with the far-right protesters, opening up gates and guiding the rioters in the Capitol.

After nearly half a dozen deaths, hundreds of injuries and significant property damage, the FBI has opened more than 160 investigations into the events, while the House of Representatives has voted to impeach Trump for “incitement of insurrection.”

Democrats seek to preempt Trump’s re-election opportunities, while Republicans hope to distance Trump from their party. But it may be too little too late; a number of Republicans have already embraced white supremacists’ war rhetoric and some are adherents of the quasi-idiotic QAnon conspiracy ploy (that US government is run by a cabal of Satan-worshipping pedophiles).

Infiltration of US law enforcement               

Since the creation of the Ku Klux Klan in 1865, white supremacists have maintained ties with law enforcement agencies. In the past two decades, those links have grown deeper, however.

According to recent report by former FBI special agent Michael German, police associations with militias and white supremacists have been uncovered in many states. When President Trump arrived in office in early 2017, there were 100 active white nationalist and as many active neo-Nazi groups in the US. According to US Department of Homeland Security, white supremacist violent extremists “have been exceptionally lethal in their abhorrent, targeted attacks in recent years.”

Eight virulent white supremacist groups espouse white ethno-nationalism and National Socialism. Neo-Nazi groups, such as the National Socialist Movement, Hammerskin Nation, and Atomwaffen Division, no longer bother to disguise their supremacy doctrines.

Emboldened by the 2017 white power rally in Charlottesville, Virginia, which Trump refused to condemn, Capitol insurrectionists included members of the ultranationalist Proud Boys mingling with notorious hardcore nativists and white nationalists;

During the 2014-15 unrest in Ferguson, Missouri, the white supremacist Oath Keepers patrolled streets and rooftops with semi-automatic rifles. In Washington DC, the group’s founder Stewart Rhodes, a former soldier and Yale law school graduate, stood outside the Capitol building. The veteran militia group has pledged to ignite a civil war on Trump's behalf.

Billionaire financiers, ultra-conservative politicians       

In the past two decades, US campaign finance has been transformed into a money game dominated by big corporations and the hyper-wealthy 1% to 10% of the population. Ultra-rich financiers favor ultra-conservative Republicans.

It is this tiny group of funders that’s also behind the politicians favored by the insurrectionists and led by the Club of Growth; an anti-tax group sponsored by billionaires, such as the shipping-supply giant Richard Uihlein and options-trading king Jeffrey Yass. Both have been eager to overturn the US elections results.

Through its Super-PAC, the Club donors include the far-right billionaire Peter Thiel whose Palantir Technologies made fortunes in the Trump era; hedge-fund manager Paul Singer who has used debt to default entire nations from Congo DR to Argentina; and most prominently, hedge funder Robert Mercer, Trump’s financier.

Some $20 million was steered to these politicians in the 2018 and 2020 campaigns, led by Ted Cruz and Josh Hawley, as well as Marco Rubio. Along with the far-right gun-rights activist Lauren Boebert, Cruz and Hawley have pushed the unfounded conspiracy theory that the 2020 election was “stolen from Trump” inciting turmoil that led to the storming of the Capitol.  

They are not alone. The Club has supported the campaigns of more than 40 conservative Republicans who recently voted to undermine US election results. 

Shrinking middle class, rising insurrectionists               

In America, the rise of the insurrectionists reflects extensive social collateral damage following four decades of neoliberal economic policies. Since the '80s, the nation’s 1% hyper-wealthy elite has prospered more than any other social group, whereas the middle class has shrunk dramatically.  Meanwhile, institutional racism prevails, as evidenced by deep gaps between whites and blacks in income and wealth.

As progressive taxation has been undermined, while corporate taxation has been largely offshored to tax havens, US welfare state is bleeding. The redistributive mechanisms that ensure not just economic growth but social equity have shrunk.

Hence, too, the rising morbidity and mortality of middle-aged white (non-Hispanic) Americans. As the Nobel-awarded Angus Deaton has warned, the trend is unique among rich-income economies. And it fueled Trump’s 2016 election triumph.

The tumultuous but deadly insurrection is only a beginning. January 20 inauguration could witness counter-inaugurations. So could Biden’s State of the Union address in February. Or more could follow when and where complacency returns.

After four decades of economic polarization, deep political divisions, misguided forever wars, coupled by four years of appeasement of far-right supremacists by the White House, a new, harder and more unpredictable era has begun in America.

Fueled by longstanding economic, political, social and military forces, these trends are structural. They won’t go away anytime soon.

Dr. Dan Steinbock is the founder of Difference Group and has served at the India, China and America Institute (US), Shanghai Institute for International Studies (China) and the EU Center (Singapore). For more, see http://www.differencegroup.net/  

© 2021 Copyright Dan Steinbock - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dan Steinbock Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in