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The Daily Missive

When the People Take to the Streets

By November 8, 2023No Comments

Passion is the mob of the man, that commits a riot upon his reason.”

— William Penn

George Soros is a legendary investor, a driving force behind capitalism. But not in a way you’d think.

On September 16, 1992 – known as Black Wednesday in Great Britain – Soros’ Quantum Fund famously made a billion dollars in one day when he bet big against the odds the British Pound would be taken out of the European exchange rate mechanism (ERM).

He took a big risk and was rewarded accordingly. Risk. Reward. Two features of a capitalist system.

So… you’d think he’d be supportive, right?

Well, it’s one of two conundrums I think I may have shed some light on this morning.

The first puzzle: why does billionaire investor George Soros support “anti-capitalist” agendas?

What got us started thinking about that question is a report from the New York Post stating Soros funneled more than $15 million to Pro-Palestine groups since 2016. Black Lives Matters (BLM) groups are also pro Palestinian. These are among the groups taking to the streets opposite pro-Israeli demonstrations in New York, LA… Washington, DC, in front of the White House.

Being pro-Palestinian doesn’t automatically make you “anti-capitalist.”

That’s just a fact. But, like you, I’m seeing these protests in cities all over and wondering who organizes these things? It’s a legit question given how emotional and potentially violent these protest have proven to be in recent history.

Soros’ history of supporting “cadres of aggressive organizers” to use “demonstrations to create a climate of militancy” did give us a reason to go down the rabbit hole a bit.

The back story: Following the Watts Race Riots in Los Angeles in 1966 two sociologists from Columbia University named Richard Cloward and Frances Piven wrote an article published in The Nation on May 2, 1966 which advanced what is now known as the Cloward Piven Strategy also known as “The Tension Strategy”.

In a nutshell, the strategy “seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.”

In a 2005 article on Cloward-Piven, Richard Poe described the strategy as “an example of what are commonly called “Trojan Horse movements”—mass movements whose outward purpose seems to be providing material help to the downtrodden, but whose real objective is to draft poor people into service as revolutionary foot soldiers; to mobilize poor people en masse to overwhelm government agencies with a flood of demands beyond the capacity of those agencies to meet.”

In New York City, the strategy worked in the 1970s. By mid-decade one person out of three was on the dole. Nationwide the number of people on welfare ballooned from 4.3 million to 10.8 million. In 1975, the city of New York was overwhelmed and forced to declare bankruptcy. Not long after, the entire state of New York followed suit.

The welfare crisis, you may recall, was a big deal in the ‘90s. In 1996, then president Bill Clinton signed into the Personal Responsibility and Work Opportunity Reconciliation Act, which was meant to “end welfare as we know it.” Both Cloward and Piven were at the White House ceremony to sign the bill as guests of Clinton himself.

Cloward and Pivens ultimate aim is to have the Federal Government enact a “universal living wage” for workers and non-workers alike.

In our Great American Shell Game we’ve forecast that “political peril” or the utter divisiveness of our current political environment will be the greatest threat to your personal and financial security in the election year 2024.

Not least of which is due to the fact neither one of the major parties has confidence in the voting system and the verity or sanctity of U.S. elections.

“Election integrity” is the second conundrum that “the tension strategy”—the smoking gun, in my book—helps to explain.

As an adult in the US, I started wondering around 2000 when Al Gore and George Bush took their presidential election results all the way to the Supreme Court, how can this be? How is it we’ve gotten several hundred years into our history and suddenly we can’t seem to conduct safe and reliable elections?

Of course, Donald Trump’s assertion that the 2020 election was stolen has led him to indictments in Georgia for “racketeering” and trying to overturn the election results there.

The charges are politically motivated and are interfering with the next election in 2024 already, Trump maintains. Still, the multitude of indictments against the Republican front-runner put the entire electoral process into uncharted territory.

What if the most extreme result happens and the former president is found guilty and put in jail? Can the voters still put him in the White House? Polls out on Monday of this week put Trump in front of Biden in 5 key “battle-ground” states.

Interesting times we live in, indeed.

While looking into Soros’ involvement supporting street mobs, we also discovered a few election fraud bread crumbs leading back to Cloward-Piven. Writes Poe:

Cloward and Piven never again revealed their intentions as candidly as they had in their 1966 article. Even so, their activism in subsequent years continued to rely on the tactic of overloading the system. When the public caught on to their welfare scheme, Cloward and Piven simply moved on, applying pressure to other sectors of the bureaucracy, wherever they detected weakness. In 1982, partisans of the Cloward-Piven strategy founded a new “voting rights movement.”

President Bill Clinton signed into law the Motor-Voter law in 1993. According to critics on the “right” the Motor-Voter bill is responsible for “swamping” voting lists with invalid registrations, ineligible voters and even dead people. In direct result, the confusion surrounding our modern elections have led to unprecedented levels of accusations of voter fraud from both political parties.

nce unheard of, election fraud chaos and unfettered street protests occur so frequently on the news and social media, we barely pay attention anymore.

Political peril in American society is, of course, not a new thing.

You’ll recall in the 1960s, when Cloward and Piven were formulating their strategy to replace the capitalist playbook with a socialist one, the country was already mired in political strife over the Vietnam War and race issues following the Civil Rights movement.

In a few short years we saw the assassinations of JFK, RFK, Martin Luther King Jr, and Malcolm X. The Watts Race riots. The violent mobs outside the 1968 Democratic Convention in Chicago.

Forget peace, love, and happiness, the 1960s was one of the most violent and bloody periods in American history.

Unfortunately, 2024 has all the elements needed to rival or produce a greater level of tension and chaos than in the 1960s. A moment Cloward and Piven have worked for longer than I’ve been alive.

You best be prepared.


Addison Wiggin
The Wiggin Sessions

P.S. As noted, we’re expecting 2024 to be historic for its political chaos. A 40-year inflation is already top of voters’ list of concerns leading into the primary season. You can bet the results of multiple local races are going to come into question. Random and organized retail violence are already prevalent. And there aren’t any higher intensity emotional issues than the wars in Ukraine and Israel or the race tensions in the U.S. The election year is going to be a doozy. Click here, if you haven’t heard our forecast… and what to do about it.

Addison Wiggin

Addison Wiggin Addison Wiggin is an American writer, publisher, and filmmaker. He was the founder of Agora Financial and publisher for 18 years. An acclaimed New York Times best-selling author, his books include: Financial Reckoning DayEmpire of DebtThe Demise of the Dollar, and The Little Book of the Shrinking Dollar. Addison is also the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award in 2008. He lives in Baltimore, Maryland with his family. Addison started his latest project, The Wiggin Sessions, powered by The Essential Investor, in March 2020. He films from a homegrown studio in his basement.