Could it be that America’s ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny?

America’s smug ruling classes are supremely confident: they feel no fear, no caution, and exhibit no prudence.

I outlined the five ruling classes in America’s Nine Classes: The New Class Hierarchy.

The Deep State is confident that its Imperial toady Hillary Clinton will win the election, beating the Upstart Crow, paving a smooth path to unhindered Imperial entanglements around the world. Hillary never saw an Imperial entanglement she didn’t like, and her track record of abysmal failure doesn’t faze her.

The Obama Administration, from the president on down, are confident their thin legacy will remain untarnished, and will provide them a cash-out in the tens of millions in book advances, speaking fees, and all the other rewards that flow to those who served the Financial Oligarchy and the Deep State.

The Financial Oligarchy is also supremely confident. Obama’s complete surrender to the Oligarchy in 2009 enabled a vast expansion of their wealth and power, and Goldman Sachs Hillary stands ready to do her masters’ bidding.

The New Nobility (everyone between the .001% and the .05%) is also confident that the Federal Reserve will continue inflating their private wealth by whatever means are necessary–up to and including expropriation of middle-class savings via zero interest rate policy and other financial tyranny.

The Upper Caste of technocrats that have skimmed billions in government contracts and stock options in Silicon Valley’s Unicorn era are also supremely confident: thanks to the Federal Reserve, they can borrow money for essentially zero interest and use the free money to buy back millions of shares, boosting their own private wealth immensely.

The flim-flam of “innovation” will continue to sell their shares and their gadgets, and their dominance of New Media guarantees they have a lock on the devilishly effective soma of distraction, social media, mindless mobile gaming, etc. that persuades the debt-serf masses that they love their servitude.+

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The Best of Charles Hugh Smith

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