gulag casino economy

Stacy Summary: Two items out this morning. The first one by Ellen Brown is a fantastic piece that looks into high frequency trading and market making in regards to developments on Max’s patent, the virtual specialist technology. The second article is something posted on ZeroHedge and you will immediately notice in the headline that they use something that Max has said over and over for the past six or seven years. The piece is based on an email exchange between ZH and Mike Krieger, who wrote to Max this morning to thank him for the ‘inspiration’ on the phrase, neo-feudal gulag casino economy and to say he didn’t realize that this would be published (and thus the non-attribution).

Computerized Front Running and Financial Fraud: How a Computer Program Designed to Save the Free Market Turned Into a Monster (Ellen Brown)

Ellen’s article in Counterpunch

Insights into America’s Disneyland and ‘Neo-feudalistic, Gulag Casino Economy” (Zerohedge)

I was a guest of Alex Jones on infowars last week and Alex mentioned my ideas concerning the emergence of ‘casino gulag state’ and a ‘casino gulag economy.’ I wanted to flesh that concept out a bit. Admittedly, some of my forwarding looking finance and economics ideas might look like I am contorting reality a bit, but not if you put yourself in the position of looking out from inside the financial engineering minds of the world’s investment banks and technology innovators. In a fractional reserve managed, fiat currency based global economy ‘money’ is as plastic and amorphous as any medium and can take any form that suits the interests of the powerful at the expense of the just.

The Casino Gulag model works as follows:

First, the huge debts incurred by consumers around the world and most particularly in the US and UK will continue to increase in size. The price of credit (interest rates) will never rise enough to change the behaviour of debt addicts plus, the Federal Government will, vis a vis the ongoing bailouts and restructuring of the public and private markets, transfer tens of trillions of dollars of unfunded pension and Medicare/Medicaid liabilities – that are now hidden from view due to ‘off the books accounting’ – onto the public’s balance sheet by selling these debts to America’s biggest creditors; China, Japan, and the Mid East countries.

America will be surprised to wake up one day and find that each one of them owes these creditors hundreds of thousands of dollars on top of the hundreds of thousans they alrady owe on mortgages, credit cards and cars. Aiding in this ‘bait and switch’ will be the religious supremacists in America who will push a revisionist message transforming the meaning of the concept of ‘original sin’ to be interpreted as ‘original debt’ meaning that to be born into debt is to be disabused of any doubt of God’s (read: Visa’s) existence.

America already has the biggest and fastest growing prison population in the world and these prisons, like America’s various wars of convenience, are hugely profitable for the private prison operators here and abroad. Why not extend the prison brand and lifestyle beyond rap music and lopsided baseball caps to include all the amenities of the casino industry?

How? The growing prison population; expanding due to law changes that will criminalize all late payments, will be given cheap online accounts and free gifts of dollars from the government to speculate on online casinos sponsored by the Golden Nugget and Goldman Sachs.

‘Justice’ will be in the hands of the prisoner who will not be collecting their winnings in the form of cash, but in seconds, days, and weeks lopped off their prison sentences. Losses will result in prison term extensions. ‘Justice’ itself will be taken public on NASDAQ; ticker symbol, JSTC.

The return of time for dollars, per this model, will be very profitable for the Golden Nugget-Goldman Sachs axis of prison gulag debt slave underwriters on Wall St.

Additionally, a gulag-casino reality TV show that features debt slaves winning their freedom with winning bets can add to the bottom line. As long as the MSM and gulag-casino operators push the idea that everyone in prison has a ‘fair’ chance of gambling their way out of prison, Americans will never question the underlying premise that the only way this works; the only way this model ‘grows’ the economy is to incarcerate everyone will never be questioned.