Category Archives: elites

Prepare to Be Bled Dry by a Decade of Stagflation

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By Charles Hugh Smith

Source: Of Two Minds

The Great Moderation of low inflation and soaring assets has ended. Welcome to the death by a thousand cuts of stagflation. It was all so easy in the good old days of the past 25 years: just keep pushing interest rates lower to reduce the cost of borrowing and juice credit expansion ((financialization) and offshore industrial production to low-cost nations with few environmental standards and beggar-thy-neighbor currency policies (globalization).

Both financialization and globalization are deflationary forces, as they reduce costs. They are also deflationary to the wages of bottom 90%, as wages are pushed down by cheap global labor and stripmined by financialization, which channels the vast majority of the economy’s gains into the top tier of the workforce and those who own the assets bubbling up in financialization’s inevitable offspring, credit-asset bubbles.

To keep the party going, central banks and governments pushed both forces into global dominance: hyper-financialization and hyper-globalization. Policy extremes were pushed to new extremes: “temporary” zero-rate interest policy (ZIRP) stretched on for 6 years as every effort was made to lower the cost of credit to bring demand forward and inflate yet another credit-asset bubble, as the “wealth effect” of the top 5% gaining trillions of dollars in unearned wealth as asset bubbles inflated pushed consumption higher.

Corporate profits soared as credit became essentially free and super-abundant and globalization lowered costs and institutionalized planned obsolescence, the engineered replacement of goods and software that forces consumers to replace their broken / outdated products every few years.

Every economic lever was pulled to extend the vast profits generated by hyper-financialization and hyper-globalization. Currencies were manipulated lower to boost exports, cheap credit kept zombie companies alive, bridges to nowhere and millions of empty flats were built to boost jobs and profits, and so on.

At long last, all these gimmicks have reversed or reached marginal returns: they no longer keep inflation suppressed, asset bubbles inflating and profits expanding. The malinvestment of global capital will be revealed and the costs of the policy gimmickry will be paid by years of stagflation: high inflation, low or negative growth and endless debt crises as the reliance on cheap credit to boost profits comes home to roost.

It turns out that the inevitable offspring of hyper-financialization and hyper-globalization are inflation, credit crises and the undermining of national security as the self-serving goal of pushing corporate profits higher via globalization led to fatal dependencies on competing powers for the essentials of modern life.

Correcting these decades-long extremes will take at least a decade as long-suppressed inflation becomes endemic, supply-chain disruptions become the norm and capital has to be invested in long-term national projects such as reshoring and the engineering of a new more efficient energy mix–projects that will only be expenses for many years.

This demand for structural investments with no immediate profit payoff is what drove the stagflation of the 1970s, a factor I explain in The Forgotten History of the 1970s and The 1970s: From Rotting Carcasses Floating in the River to Kayak Races.

The gains will not even be measured by our current outdated economic metrics of GDP and profits. The gains will be in the national security of essential supply chains and production and in the relocalizing of jobs and capital, not corporate profits.

Our reliance on the endless expansion of credit, leverage and credit-asset bubbles will have its own high cost: the collapse not just of the current Everything Bubble but of the engines that inflated one bubble after another.

Central bank and state authorities are thrashing about cluelessly, as all their gimmicks are now problems rather than solutions. The current policy gimmicks laid the foundations for a decade or more of high inflation, low growth and credit crises as the phantom “wealth” of credit-asset bubbles evaporates.

This will drive a reverse Wealth Effect as the top spenders are crushed by the collapse of asset bubbles. Long-term trends in demographics (shrinking workforces and the skyrocketing population of elderly) and depletion of resources will add fuel to the inflationary / low growth / credit crises bonfires.

Gordon Long and I discuss all these mutually reinforcing trends in A Great Stagflation (36 min). This is the culmination of our decade of programs about all the policy gimmicks that were pushed to extremes to maintain the illusion of stability and growth–an illusion that’s evaporating as it makes contact with stagflationary realities.

A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status

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Saudi Crown Prince Mohammed bin Salman, Masayoshi Son, SoftBank Group Corp. Chairman and CEO, and Christine Lagarde, International Monetary Fund (IMF) Managing Director, attend the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser

By Brandon Smith

Source: Alt-Market.us

The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.

One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.

These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?

The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?

Globalist white papers and essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF. I warned about this years go, and my position has always been that the derailment of the dollar would likely start with the end of its petro status.

In 2017 I published an article titled ‘Saudi Coup Signals War And The New World Order Reset’. I noted at the time that the sudden power shift over to crown prince Mohammed Bin Salman indicated a change in Saudi Arabia’s relationship to the US. I stated that:

“To understand how drastic this coup has been, consider this — for decades Saudi Kings maintained political balance by doling out vital power positions to separate, carefully chosen successors. Positions such as Defense Minister, the Interior Ministry and the head of the National Guard. Today, Mohammed Bin Salman controls all three positions. Foreign policy, defense matters, oil and economic decisions and social changes are now all in the hands of one man.”

The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised of trillions of dollars supplied by globalists within Carlyle Group (Bush family, etc.), Goldman Sachs, Blackstone and Blackrock. MBS garnered the favor of the globalists for one specific reason – He openly supported their “Vision For 2030”, a plan for the dismantling of “fossil fuel” based energy and the implementation of carbon controls. Yes, that’s right, the head of Saudi Arabia is backing the eventual end of oil based energy, and part of that includes the end of the dollar as the petro currency.  

In exchange for their cooperation, the Saudis are being given access to ESG-like funding as well as access to AI advancements and the so-called “digital economy.”  It sounds crazy, but there is much talk of AI developments to cure numerous health problems and extend lifespan.  With those kinds of promises, it’s not surprising that Saudi elites would be willing to dump the dollar and even oil.

In 2017 I noted that:

“I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.”

I believed that the threat to petro status would ultimately be spurred on by a proxy war between East and West:

“World economic war is the real name of the game here, as the globalists play puppeteers to East and West. It is a geopolitical crisis they will have created to engineer public support for a solution they predetermined.”

Back then I thought that such a proxy war would be initiated in the Middle East, possibly in Iran. However, it’s clear that Ukraine is the powderkeg the globalists have chosen, at least for now, with Taiwan being the next shoe to drop.

In the years since I made these predictions the relationship between Saudi Arabia, Russia and China has grown very close. Arms deals and energy deals are becoming a mainstay of trade and this has led to a quiet but steady distancing of the Saudis from the dollar. This past week, the dominoes were set in motion for dollar collapse when Saudi Arabia announced at Davos that they are now willing to trade oil in alternative currencies.

In response, Xi Jinping pledged to ramp up efforts to promote the use of the Chinese yuan in energy deals. This falls in line with another article I wrote in 2017 titled ‘The Economic End Game Continues,’ in which I described how conflict with Eastern nations (China and Russia) would be exploited to create a catalyst for the end of the dollar’s petro status.

The importance of the Saudi announcement cannot be overstated; this is the beginning of the end of the dollar. The dollar’s world reserve status is largely dependent on its petro-status. Without one, you cannot have the other. This is almost the exact same dynamic that led to the implosion of the British Sterling decades ago as the global petro currency which resulted in the rise of the dollar to take its place.

This time, though, it will not be a single foreign currency that takes on the role of world reserve, it will be a basket currency system controlled by the IMF called Special Drawing Rights, along with a single global digital currency that is yet to be named but is now under development.

The consequences of the loss of reserve status will be devastating to the US economy. It is the only glue holding our system together – The ability to defer inflation by exporting it overseas is a superpower only the US enjoys. The Fed can print money perpetually if it wants to in order to fund the government or prop up US markets, as long as foreign central banks and corporate banks are willing to absorb dollars as a tool for global trade. If the dollar is no longer the primary international trade mechanism, the trillions upon trillions of dollars the Fed has created from thin air over the years will all come flooding back to the US through various avenues, and hyperinflation (or hyperstagflation) will be the result.

This dynamic is already in play, as foreign holders of US debt and dollars have been dumping them at record pace since 2017. The process continues at a time when the Federal Reserve is cutting it’s balance sheet and raising interest rates, which means there is no longer a buyer of last resort.

This may be why multiple foreign central banks have renewed their purchases of gold reserves and are once again stockpiling precious metals. They seem to be well aware of what is about to happen to the dollar, while the American public is kept in the dark.

The effects of the decline of the dollar may not be immediately felt, or become obvious for another year or two. What will happen is consistent inflation on top of the high prices we are already dealing with. Meaning, the Federal Reserve will continue to hold interest rates higher and prices will barely budge or they may climb in spite of monetary tightening. Even in the face of a major recessionary contraction, which I predict will be triggered starting in April, prices will STILL remain higher.

All the while the mainstream media and government economists will say they have “no idea” why inflation is so persistent, and that “nobody could have seen this coming.” Some of us saw it coming, but only because we accept the reality that the dollar’s days are numbered.

The Digitization Of Humanity Shows Why The Globalist Agenda Is Evil

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By Brandon Smith

Source: Alt-Market.us

In recent weeks I’ve been seeing an interesting narrative fallacy being sold to the general public when it comes to the designs of globalists. The mainstream media and others are now openly suggesting that it’s actually okay to be opposed to certain aspects of groups like the World Economic Forum. They give you permission to be concerned, just don’t dare call it conspiracy.

This propaganda is a deviation from the abject denials we’re accustomed to hearing in the Liberty Movement for the past decade or more. We have all been confronted with the usual cognitive dissonance – The claims that globalist groups “just sit around talking about boring economic issues” and nothing they do has any bearing on global politics or your everyday life. In some cases we were even told that these groups of elites “don’t exist”.

Now, the media is admitting that yes, perhaps the globalists do have more than just a little influence over governments, social policies and economic outcomes. But, what the mainstream doesn’t like is the assertion that globalists have nefarious or authoritarian intentions. That’s just crazy tinfoil hat talk, right?

The reason for the narrative shift is obvious. Far too many people witnessed the true globalist agenda in action during the pandemic lockdowns and now they see the conspiracy for what it is. The globalists, in turn, seem to have been shocked to discover many millions of people in opposition to the mandates and the refusals to comply were clearly far greater than they expected. They are still trying to push their brand of covid fear, but the cat is out of the bag now.

They failed to get what they wanted in the west, which was a perpetual Chinese-style medical tyranny with vaccine passports as the norm. So, the globalist strategy has changed and they are seeking to adapt. They admit to a certain level of influence, but they pretend as if they are benevolent or indifferent.

The response to this lie is relatively straightforward. I could point out how Klaus Schwab of the WEF savored the thrill of the initial pandemic outbreak and declared that covid was the perfect “opportunity” to initiate what the WEF calls the “Great Reset.”

I could also point out that Klaus Schwab’s vision of the Reset, what he calls the “4th Industrial Revolution”, is a veritable nightmare world in which Artificial Intelligence runs everything, society is condensed into digital enclaves called “smart cities” and people are oppressed by carbon taxation. I could point out that the WEF actively supports the concept of the “Shared Economy” in which you will “own nothing, have no privacy” and you will supposedly be happy about it, but only because you won’t have any other choice.

What I really want to talk about, however, is the process by which the elites hope to achieve their dystopian epoch, as well as the globalist mindset which lends itself to the horrors of technocracy. The common naive assumption among skeptics of conspiracy is that the globalists are regular human beings with the same drives and limited desires as the rest of us. They might have some power, but world events are still random and certainly not controlled.

This is a fallacy. The globalists are not like us. They are not human. Or, I should say, they despise humanity and seek to do away with it. And, because of this, they have entirely different aspirations compared to the majority of us which include aspirations of dominance.

What we are dealing with here are not normal people with conscience, ethics or empathy. Their behavior is much more akin to higher functioning psychopaths and sociopaths rather than the everyday person on the street. We saw this on full display during the covid lockdowns and the vicious attempts to enforce vaccine passports; their actions betray their long game.

Take a look at comments by New Zealand’s prime minister and WEF attendee, Jacinda Ardern, from a year ago. She admits to the deliberate tactic of creating a two-tier class system within her own country based on vaccination status. There is no remorse or guilt in her demeanor, she is proud of taking such authoritarian actions despite numerous studies that prove the mandates are ineffective.

Beyond the covid response, though, I suggest people who deny globalist conspiracy take a deeper dive into the philosophical roots of organizations like the WEF. Their entire ideology can be summed up in a couple words – Futurism and godhood.

Futurism is an ideological movement which believes that all “new” innovations, social or technological, should supplant the previous existing systems for the sake of progress. They believe that all old ways of thinking, including notions of principles, heritage, religious belief systems, codes of conduct, etc. are crutches holding humanity back from greatness.

But what is the greatness the futurists seek? As mentioned above, they want godhood. An era in which the natural world and human will is enslaved by the hands of a select few. Case in point – The following presentation from 2018 by WEF “guru” Yuval Harari on the future of humanity as the globalists see it:

Harari’s conclusions are rooted in elitist biases and ignore numerous psychological and social realities, but we can set those aside for a moment and examine his basic premise that humanity as we know it will no longer exist in the next century because of “digital evolution” and “human hacking.”

The foundation of the WEF vision is built on the idea that data is the new Holy Grail, the new conquest. This is something I have written about extensively in the past (check out my article ‘Artificial Intelligence: A Secular Look At The Digital Antichrist’) but it is good to see it expressed with such arrogance by someone like Harari because it is undeniable evidence – The globalists think they are going to build a completely centralized economy and society based on human data rather than production. In other words, YOU become the product. The average citizen, your thoughts and your behaviors, become the stock in trade.

Globalists also believe that data is most valuable because it can be exploited to control people’s behaviors, to hack the body and mind in order to create human puppets, or create super-beings. They dream of becoming little gods with omnipotent knowledge. Yuval even proudly proclaims that intelligent design will no longer be the realm of God in heaven, but of the new digitized man.

While Harari pays lip service to “democracy” vs “digital dictatorship”, he goes on to assert that centralization may become the defacto system of governance. He says this not because he fears dictatorship, but because that has always been the WEF’s intent. The globalist argues that governments cannot be trusted to hold a monopoly on the digital wellspring and that someone needs to step in to regulate data; but “who would do this?”, he asks.

He already knows the answer. The UN, a globalist edifice, has consistently said it should be the governing body that takes control of AI and data regulation through UNESCO. That is to say, Harari is playing coy, he knows that the people who will step in to control the data are people just like him.

At no point in Harari’s speech does he suggest that that any of these developments should be obstructed or stopped. At no point does he offer the idea that the digitization of humanity is wrong and that there are other better ways of living. He actually mocks the concept of “going back” to old ways; only the future and the Tabula Rasa (blank slate) hold promise for the globalists, everything else is an impediment to their designs.

But here’s the thing, what the globalists are trying to accomplish is a fantasy. People are not algorithms, despite how much Harari would like them to be. People have habits, yes, but they are also unpredictable and are prone to sudden awakenings and epiphanies in the moment of crisis.

Psychopaths tend to be robotic people, acting impulsively but also very predictably. They lack imagination, intuition and foresight, and so it’s not surprising that organizations of psychopaths like the WEF would place such an obsessive value on AI, algorithms and a cold technocratic evolution. They don’t view their data Shangri-La as humanity’s future; they see it as THEIR future – The future of the non-humans, or the anti-humans as it were.

Who will produce all the goods, services and necessities required in this brave new world? Well, all of us peons, of course. Sure, the globalists will offer grand promises of a robot driven production economy in which people no longer need to engage in menial labor, but this will be another lie. They’ll still need people to plant the crops, maintain infrastructure, take care of manufacturing, do their fighting for them, etc., they’ll just need less of us.

At bottom, an economy built on data is an economy dependent on illusion.

Data is vaporous and oftentimes meaningless because it is subject to the biases of the interpreter. Algorithms can also be programmed to the biases of the engineers. There is nothing inherently objective about data – it is all dependent on the intentions of the people analyzing it.

For example, to use Harari’s anecdote of an algorithm that “knows you are gay” before you do; any twisted group of people could simply write code for an algorithm that tells the majority of easily manipulated kids that they are gay, even when they are not. And, if you are gullible enough to believe the algorithm is infallible, then you could be led to believe that numerous falsehoods are true and be convinced to behave against your nature. You have allowed a biased digital phantom to dictate your identity, and have made yourself “hackable.”

In the meantime, the elitists entertain delusions of surpassing their mortal limitations by “hacking” the human body, as well as reading the minds of the masses and predicting the future based on data trends. This is an obsession which ignores the unpredictable wages of the human soul, that very element of conscience and of imagination which psychopaths lack. It’s something that cannot be hacked.

The legitimacy of the data based system and the hacking of humanity that the WEF aspires to is less important than what the masses can be convinced of. If the average person can be persuaded to implant their cell phone in their skull in the near future, then yes, humanity might become hackable in a rudimentary way.

The algorithms then supplant conscience, empathy and principles.  And, without these things all morality becomes relative by default.  Evil becomes good, and good becomes evil. 

By the same token, if humanity can be persuaded to set down their cell phones and live a less tech focused life, then the digital empire of the globalists comes crashing down quite easily. There is no system the elites can impose that would make their digital consciousness a reality without the consent of the public at large.

Without a vast global framework in which people willingly embrace the algorithms rather than their own experience and intuitions, the globalist religion of total centralization dies. The first step is to accept that the conspiracy does indeed exist. The second step is to accept that the conspiracy is malicious and destructive. The third step is to refuse to comply, by whatever means necessary.

3 QUESTIONS YOU’RE NOT SUPPOSED TO ASK ABOUT LIFE IN A SICK SOCIETY

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By Dylan Charles

Source: Waking Times

In a society this controlling, it’s no wonder so many people can’t let go of their grip on false realities, and pressure others to conform to their point of view. In my work as a self-mastery coach I help people see what false realities they’ve made for themselves, and help them let go of their grip on useless beliefs.  ~Dylan Charles

“It is no measure of health to be well adjusted to a profoundly sick society.” ~J. Krishnamurti

Society is directed by a never-ending mainstream narrative which is always evolving, and always reaching new dramatic peaks in sensationalism and hype. They fill your mind with topics they select, they keep your attention on these topics, and they invite and encourage you to argue amongst each other about these topics. In this way our collective attention is permanently commandeered, preventing us from diving too deeply into matters which have more than a superficial impact on day-today life.

Free-thinking is the ability and willingness to explore of ideas and areas of the mind which are yet undiscovered or are off-limits. It is a vanishing art that is deliberately being stamped out by a control system which demands conformity, acquiescence and obedience of body, mind, and spirit.

For your consideration, here are three questions you’re not supposed to ask about life in our profoundly sick society.

1. Who owns the money supply, and the world’s debt?

Pretty much the entire world is in financial debt, an insidious form of slavery which enables the exploitation of human beings and of all things in nature. It’s maddening when you think about it. The United States alone supposedly owes some $20 trillion, while the world at large owes a shocking $215 trillion?

But to whom, precisely?

Money is just a medium of exchange which facilitates transactions between people. In and of itself it has no intrinsic value as we could just as easily use sea shells instead of dollar bills and still be able to get things done. But today’s money is the property of private third-parties who rent it out to national governments, who then use the labor of their citizens as collateral against these loans. This is a highly refined form of slavery, which has already put future unborn generations of human beings in debt.

But who, exactly does the human race owe? Who are our debt-slave masters?

2. Who owns your body?

Ownership means having the explicit right to use, control and dispose of something in the manner of your choosing. The one thing you are born with that you take with you to your death is your own body, but do you own it? If not you, then who does own your body?

If this question were already settled in our society then there wouldn’t be ever-increasing pressure on those who choose to refuse vaccines. Children battling cancer and other serious illnesses wouldn’t be forced to take chemo and radiation under penalty of law and under threat of being taken from their parents. Water wouldn’t be fluoridated without our consent. Natural medicines wouldn’t be outlawed under threat of fines and prison time.

We are rapidly approaching a time when people will be required by law to take psychotropic medications as citizens were in Aldous Huxley’s dystopian classic, Brave New World.

Do you own your body, or does it belong to the state?

3.  Why is the exploration of consciousness restricted and illegal?

The most effective prisons are not material, but are constructed inside the mind. Perception, opinion and understanding are all dynamic concepts, not at all static. These can all change in the blink of an eye just because a new idea or experience resonates with you in a special way. Our evolution depends on our ability to expand the frontiers of what’s possible, and when the mind is held in confinement by an entrenched system and powerful cultural paradigm, progress, even happiness, is stunted.

In this societal trap you are given free rein to debase your consciousness and your spirit with alcohol, dangerous drugs, pharmaceuticals, television, pornography, theatrical violence, and then some, yet many natural medicines which elevate consciousness and provide a window into the soul are illegal.

“This is the way freedom is hijacked—not all at once, out in the open, but stealthily, little by little, behind closed doors, and with our own agreement. How will we be able to resist when so many of us have already willingly handed over the keys to our own consciousness to the state and accepted without protest that it is OK to be told what we may and may not do, what we may and may not explore, even what we may and may not experience, with this most precious, sapient, unique, and individual part of ourselves?

If we are willing to accept that then we can be persuaded to accept anything.” ~Graham Hancock

Why Orwell matters

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His defence of freedom flies in the face of all that is woke and regressive today.

George Orwell aka Eric Blair (25 June 1903 – 21 January 1950)

By Bruno Waterfield

Source: Spike Online

Most people think that George Orwell was writing about, and against, totalitarianism – especially when they encounter him through the prism of his great dystopian novel, Nineteen Eighty-Four.

This view of Orwell is not wrong, but it can miss something. For Orwell was concerned above all about the particular threat posed by totalitarianism to words and language. He was concerned about the threat it posed to our ability to think and speak freely and truthfully. About the threat it posed to our freedom.

He saw, clearly and vividly, that to lose control of words is to lose control of meaning. That is what frightened him about the totalitarianism of Nazi Germany and Stalinist Russia – these regimes wanted to control the very linguistic substance of thought itself.

And that is why Orwell continues to speak to us so powerfully today. Because words, language and meaning are under threat once more.

Totalitarianism in Orwell’s time

The totalitarian regimes of Nazi Germany and Stalin’s Soviet Union represented something new and frightening for Orwell. Authoritarian dictatorships, in which power was wielded unaccountably and arbitrarily, had existed before, of course. But what made the totalitarian regimes of the 20th century different was the extent to which they demanded every individual’s complete subservience to the state. They sought to abolish the very basis of individual freedom and autonomy. They wanted to use dictatorial powers to socially engineer the human soul itself, changing and shaping how people think and behave.

Totalitarian regimes set about breaking up clubs, trade unions and other voluntary associations. They were effectively dismantling those areas of social and political life in which people were able to freely and spontaneously associate. The spaces, that is, in which local and national culture develops free of the state and officialdom. These cultural spaces were always tremendously important to Orwell. As he put it in his 1941 essay, ‘England Your England’: ‘All the culture that is most truly native centres round things which even when they are communal are not official – the pub, the football match, the back garden, the fireside and the “nice cup of tea”.’

Totalitarianism may have reached its horrifying zenith in Nazi Germany and Stalin’s USSR. But Orwell was worried about its effect in the West, too. He was concerned about the Sovietisation of Europe through the increasingly prominent and powerful Stalinist Communist Parties. He was also worried about what he saw as Britain’s leftwing ‘Europeanised intelligentsia’, which, like the Communist Parties of Western Europe, seemed to worship state power, particularly in the supranational form of the USSR. And he was concerned above all about the emergence of the totalitarian mindset, and the attempt to re-engineer the deep structures of mind and feeling that lie at the heart of autonomy and liberty.

Orwell could see this mindset flourishing among Britain’s intellectual elite, from the eugenics and top-down socialism of Fabians, like Sidney and Beatrice Webb and HG Wells, to the broader technocratic impulses of the intelligentsia in general. They wanted to remake people ‘for their own good’, or for the benefit of the race or state power. They therefore saw it as desirable to force people to conform to certain prescribed behaviours and attitudes. This threatened the everyday freedom of people who wanted, as Orwell put it, ‘the liberty to have a home of your own, to do what you like in your spare time, to choose your own amusements instead of having them chosen for you from above’.

In the aftermath of the Second World War, this new intellectual elite started to gain ascendancy. It was effectively a clerisy – a cultural and ruling elite defined by its academic achievements. It had been forged through higher education and academia rather than through traditional forms of privilege and wealth, such as public schools.

Orwell was naturally predisposed against this emergent clerisy. He may have attended Eton, but that’s where Orwell’s education stopped. He was not part of the clerisy’s world. He was not an academic writer, nor did he position himself as such. On the contrary, he saw himself as a popular writer, addressing a broad, non-university-educated audience.

Moreover, Orwell’s antipathy towards this new elite type was long-standing. He had bristled against the rigidity and pomposity of imperial officialdom as a minor colonial police official in Burma between 1922 and 1927. And he had always battled against the top-down socialist great and good, and much of academia, too, who were often very much hand in glove with the Stalinised left.

The hostility was mutual. Indeed, it accounts for the disdain that many academics and their fellow travellers continue to display towards Orwell today.

The importance of words

Nowadays we are all too familiar with this university-educated ruling caste, and its desire to control words and meaning. Just think, for example, of the way in which our cultural and educational elites have turned ‘fascism’ from a historically specific phenomenon into a pejorative that has lost all meaning, to be used to describe anything from Brexit to Boris Johnson’s Tory government – a process Orwell saw beginning with the Stalinist practice of calling Spanish democratic revolutionaries ‘Trotsky-fascists’ (which he documented in Homage to Catalonia (1938)).

Or think of the way in which our cultural and educational elites have transformed the very meanings of the words ‘man’ and ‘woman’, divesting them of any connection to biological reality. Orwell would not have been surprised by this development. In Nineteen Eighty-Four, he shows how the totalitarian state and its intellectuals will try to suppress real facts, and even natural laws, if they diverge from their worldview. Through exerting power over ideas, they seek to shape reality. ‘Power is in tearing human minds to pieces and putting them together in new shapes of your own choosing’, says O’Brien, the sinister party intellectual. ‘We control matter because we control the mind. Reality is inside the skull… You must get rid of these 19th-century ideas about the laws of nature.’

In Nineteen Eighty-Four, the totalitarian regime tries to subject history to similar manipulation. As anti-hero Winston Smith tells his lover, Julia:

‘Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street and building has been renamed, every date has been altered. And that process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.’

As Orwell wrote elsewhere, ‘the historian believes that the past cannot be altered and that a correct knowledge of history is valuable as a matter of course. From the totalitarian point of view history is something to be created rather than learned.’

This totalitarian approach to history is dominant today, from the New York Times’ 1619 Project to statue-toppling. History is something to be erased or conjured up or reshaped as a moral lesson for today. It is used to demonstrate the rectitude of the contemporary establishment.

But it is language that is central to Orwell’s analysis of this form of intellectual manipulation and thought-control. Take ‘Ingsoc’, the philosophy that the regime follows and enforces through the linguistic system of Newspeak. Newspeak is more than mere censorship. It is an attempt to make certain ideas – freedom, autonomy and so on – actually unthinkable or impossible. It is an attempt to eliminate the very possibility of dissent (or ‘thoughtcrime’).

As Syme, who is working on a Newspeak dictionary, tells Winston Smith:

‘The whole aim… is to narrow the range of thought. In the end we shall make thoughtcrime literally impossible, because there will be no words in which to express it. Every year fewer and fewer words, and the range of consciousness always a little smaller… Has it ever occurred to you, Winston, that by the year 2050, at the very latest, not a single human being will be alive who could understand such a conversation as we are having now?’

The parallels between Orwell’s nightmarish vision of totalitarianism and the totalitarian mindset of today, in which language is policed and controlled, should not be overstated. In the dystopia of Nineteen Eighty-Four, the project of eliminating freedom and dissent, as in Nazi Germany or Stalinist Russia, was backed up by a brutal, murderous secret police. There is little of that in our societies today – people are not forcibly silenced or disappeared.

However, they are cancelled, pushed out of their jobs, and sometimes even arrested by the police for what amounts to thoughtcrime. And many more people simply self-censor out of fear of saying the ‘wrong’ thing. Orwell’s concern that words could be erased or their meaning altered, and thought controlled, is not being realised in an openly dictatorial manner. No, it’s being achieved through a creeping cultural and intellectual conformism.

The intellectual turn against freedom

But then that was always Orwell’s worry – that intellectuals giving up on freedom would allow a Big Brother Britain to flourish. As he saw it in The Prevention of Literature (1946), the biggest danger to freedom of speech and thought came not from the threat of dictatorship (which was receding by then) but from intellectuals giving up on freedom, or worse, seeing it as an obstacle to the realisation of their worldview.

Interestingly, his concerns about an intellectual betrayal of freedom were reinforced by a 1944 meeting of the anti-censorship organisation, English PEN. Attending an event to mark the 300th anniversary of Milton’s Areopagitica, Milton’s famous 1644 speech making the case for the ‘Liberty of Unlicenc’d Printing’, Orwell noted that many of the left-wing intellectuals present were unwilling to criticise Soviet Russia or wartime censorship. Indeed, they had become profoundly indifferent or hostile to the question of political liberty and press freedom.

‘In England, the immediate enemies of truthfulness, and hence of freedom of thought, are the press lords, the film magnates, and the bureaucrats’, Orwell wrote, ‘but that on a long view the weakening of the desire for liberty among the intellectuals themselves is the most serious symptom of all’.

Orwell was concerned by the increasing popularity among influential left-wing intellectuals of ‘the much more tenable and dangerous proposition that freedom is undesirable and that intellectual honesty is a form of anti-social selfishness’. The exercise of freedom of speech and thought, the willingness to speak truth to power, was even then becoming seen as something to be frowned upon, a selfish, even elitist act.

An individual speaking freely and honestly, wrote Orwell, is ‘accused of either wanting to shut himself up in an ivory tower, or of making an exhibitionist display of his own personality, or of resisting the inevitable current of history in an attempt to cling to unjustified privilege’.

These are insights which have stood the test of time. Just think of the imprecations against those who challenge the consensus. They are dismissed as ‘contrarians’ and accused of selfishly upsetting people.

And worst of all, think of the way free speech is damned as the right of the privileged. This is possibly one of the greatest lies of our age. Free speech does not support privilege. We all have the capacity to speak, write, think and argue. We might not, as individuals or small groups, have the platforms of a press baron or the BBC. But it is only through our freedom to speak freely that we can challenge those with greater power.

Orwell’s legacy

Orwell is everywhere today. He is taught in schools and his ideas and phrases are part of our common culture. But his value and importance to us lies in his defence of freedom, especially the freedom to speak and write.

His outstanding 1946 essay, ‘Politics and the English Language’, can actually be read as a freedom manual. It is a guide on how to use words and language to fight back.

Of course, it is attacked today as an expression of privilege and of bigotry. Author and commentator Will Self cited ‘Politics and the English Language’ in a 2014 BBC Radio 4 show as proof that Orwell was an ‘authoritarian elitist’. He said: ‘Reading Orwell at his most lucid you can have the distinct impression he’s saying these things, in precisely this way, because he knows that you – and you alone – are exactly the sort of person who’s sufficiently intelligent to comprehend the very essence of what he’s trying to communicate. It’s this the mediocrity-loving English masses respond to – the talented dog-whistler calling them to chow down on a big bowl of conformity.’

Lionel Trilling, another writer and thinker, made a similar point to Self, but in a far more insightful, enlightening way. ‘[Orwell] liberates us’, he wrote in 1952:

‘He tells us that we can understand our political and social life merely by looking around us, he frees us from the need for the inside dope. He implies that our job is not to be intellectual, certainly not to be intellectual in this fashion or that, but merely to be intelligent according to our lights – he restores the old sense of the democracy of the mind, releasing us from the belief that the mind can work only in a technical, professional way and that it must work competitively. He has the effect of making us believe that we may become full members of the society of thinking men. That is why he is a figure for us.’

Orwell should be a figure for us, too – in our battle to restore the democracy of the mind and resist the totalitarian mindset of today. But this will require having the courage of our convictions and our words, as he so often did himself. As he put it in The Prevention of Literature, ‘To write in plain vigorous language one has to think fearlessly’. That Orwell did precisely that was a testament to his belief in the public just as much as his belief in himself. He sets an example and a challenge to us all.

THE WEF AND WHO – ARE THEY RUNNING A DEATH CULT?

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By Peter Koenig

Source: The 4th Media

A falling tree makes more noise than a growing forest
A Tibetan proverb
Let’s hope the silently growing forest represents a mass-awakening.
—-

From the looks and evidence – ever more visible to even the ignorant – we are living in a Death Cult – a Cabal-driven Death Cult, with a key objective to do away with – eliminate – a large segment, if not the majority of the world population.

Who is executing this Death Cult? And on behalf of whom?
Three entities come to mind.

  1. The World Economic Forum (WEF), is a Cologny (lush suburb of Geneva, Switzerland)-registered NGO; a never-voted-for “influencer” organization, that has amassed power and money in the hundreds of millions of dollars, like no other NGO around the word. Its founder and eternal Chairman, Klaus Schwab (84), is an engineer cum economist, with origins linked to the former Third Reich Nazi-leadership.By the way – the WEF is holding their annual Davos conference from 16-20 January 2023. The pathology of this outfit and of those elitist billionaires and corporate honchos attending, is reflected in this year even more dystopian agenda. Have a look at the official program https://www.weforum.org/events/world-economic-forum-annual-meeting-2023/about/meeting-overview?gclid=CjwKCAiA8OmdBhAgEiwAShr402rG_ShAgll-Pwx4MjDBTbmhgZDg29ii18ztf-yKlsvgQqdSrVerIBoCCvIQAvD_BwE

This is only the visible agenda. None of us, the commons, know what’s going on behind closed doors in special secretive sessions. We feed on leakages, and as Globalism is fading, they become ever more abundant.

  1. The World Health Organization – WHO – goes as a specialized UN Agency – which in reality it isn’t. It was founded in 1948 by Rockefeller, a eugenist and obsessed globalist, who was (and still is) aiming at controlling the world population through health (and death), and who is hellbent to make the Mother Earth a better place through a One World Order. WHO was then “bought” into the UN system.

At that time, Rockefeller with Standard Oil, had also a monopoly on petrol. He decided that pharmaceuticals, up to the 1950’s, mostly based on plants and plant chemistry – could be made from petro-chemicals.

WHO, according to its bylaws, a disease-preventive health organization, became, thus, largely a curative pharma-based and pharma-pushing organization.

While the bulk of the budget from other UN agencies stems from member countries’ contribution, WHO is funded at least to two thirds or more by the private sector, mostly the pharma industry, as well as the Bill Gates Foundation.

A conflict of interest is more than evident. WHO should not be a UN agency.

WHO – against its scientific staff’s better knowledge, has declared Covid as a deadly pandemic, spreading fear, imposing lockdowns, face masks, social distancing – and more human-denigrating measures.

Eventually, WHO, strongly nudged by the WEF (and the powers behind the WEF), was coercing governments to “vaccinate” their populations with never-before tested genetically modifying mRNA injections, of which nobody but the producing pharma-industry knows the composition – contents that has turned out deadly for tens of millions of people – and mounting.

By the end of 2022, excess mortality in western countries amounts to between 15% and 25% – in some countries even higher.

All of the western used so-called vaccines are, in fact, bioweapons.

This horrendous Vaxx-fraud was also a multi-billion, if not trillion, bonanza for the pharmaceuticals.

The covid jabs also contain sterilization agents for both men and women, resulting already by now in drastically falling birth rates in western countries.

The term “Western Countries” means all of Europe and the worldwide Anglosaxonia. So far, all fits well within the Rockefeller, Gates, Soros et al – eugenist agenda.

WHO is truth censuring through social platforms – NewsGuard, an organization of “True Journalism”, tracking credibility of news and information websites and online misinformation, provides WHO regularly with lists of the most important “influencers” of “misinformation” in matters of health, alias conspiracy theorists; people who do not conform with the official narrative.

WHO forwards this list to the different Social Media Platforms, requesting them to block the accounts of the “perpetrators”, or to clandestinely hide or limit their social media inputs. This is called “shadow banning”.

WHO works closely with the International Fact Checking Network (IFCN) at the Poynter Institute for Media Studies, a non-profit journalism school and research organization in St. Petersburg, Florida. The IFCN has a databank with more than 10,000 “fact-checked false information”, most of them related to WHO dictates.

IFCN is mainly funded by the US State Department, the National Endowment for Democracy (NED), the Bill and Melinda Gates Foundation, Soros Open Society Foundation, Google and Facebook. Coincidentally, the Gates Foundation and the US Government are also the biggest donors of WHO.

This WHO censuring information can be read in full in German, under Point 5 of https://www.nachdenkseiten.de/?p=92120#h05 .

To top it all off, WHO is currently preparing a so-called Pandemic Treaty. Under this Treaty, if approved, WHO’s DG would have the power to declare worldwide pandemics as he, alias the ruling class, sees fit to control the masses.

Compulsory vaccinations could be military enforced. This would be an authority above each of the member countries’ National Constitution. So far trial votations have not succeeded, as several country blocks, for example, in Africa, do not agree.

But the beat goes on with coercing and potentially bribing of country delegates. A final vote should take place in the course of 2023. If approved, the lawless Pandemic Treaty rule should enter into effect at the beginning of 2024.

If so, this is a call on each WHO member to leave WHO.

  1. NATO – the North Atlantic Treaty Organization – has long ceased being a defense alliance of North Atlantic countries. It has become a worldwide war machine with access and use of some 850 US military bases around the world.

NATO is not only a multi-billion-dollar income generator largely for the US Military Industrial Complex (MIC), but it is also an important US GDP engine, contributing an estimated 30% of the US GDP, counting all NATO-related and dependent industries and services.

NATO is the provoker, funder and main executer of the Ukraine-Russia war – the US – Russia proxy-war. Its expansionism has become a monster octopus, stretching its tentacles completely and all-controlling around Mother Earth.

Other than non-stop provoking Russia, NATO also fulfills a role in the Great Reset / UN Agenda 2030 eugenist agenda, as killing is one of its chief purposes.

NATO enters any territory where the “conventional” media lie-machine, and social engineering are failing or not completing their people-ordaining goals fast enough.

Russia, by far the largest and resources-richest country of our planet, was in the US hegemon’s cross-hairs for over a century. The 2014 Maidan Coup, engineered by EU / NATO, was a planned prelude to a war with Russia.

The without scruples NATO war machine would not shy from a hot WWIII – which could easily turn nuclear, all-destructive – and – all-killing.

Playing with Russian ethics, knowing that President Putin has no intention to annihilate a country that up to recently and for over 300 years in the past was an integral part of the Russian Empire, then the Soviet Union. Ukraine is inherently, and historically a part of Russia, even as an ally after it became independent in 1991.

Ukraine was forcefully and viciously detached from Russia by western aggression for greed and pathological grandeur.

Now western aggressions may backfire, as President Putin may soon have no other choice than to obliterate what’s left of Ukraine, to finally stop the war – and the senseless killing, the misery of the hapless and suffering population.

Be aware, NATO is ready for weaponized interference wherever a “human-conflict” cannot be resolved by the WEF / WHO oppressive tyrannical means.

——-
We, the People, of the world have largely only little or no saying in how our world, our countries, even our communities are run. And this already for

In the last three years the common People’s exclusion form what is still sold as a democratic process, has reached a pinnacle. With the onset of a fake plandemic at the beginning of 2020 – the beginning of an agenda long ago planned – the UN Agenda 2030 – the beginning of the larger Agenda 21 (all of the 21st Century), officially decided at the UN Environment Conference in Rio in June 1992 – the so-called United Nations Conference on Environment and Development (UNCED), also known as the ‘Earth Summit‘.

The long-haul precursor to his was the 1968 Rockefeller founded Club of Rome’s book “Limits to Growth” (LTG) of 1972. The concepts and principles of this book, LTG, are the blueprint for what is currently – and probably at least for the coming ten to fifty years – being implemented.

LTG is the basis for the Great Reset, the 4th Industrial Revolution — and the UN Agenda 2030, also called WHO’s Decade of Vaccination. Following are the main life-curtailing threats we are facing today – listed not necessarily in order of priority. Remember, they are all inter-linked and inter-acting.

  • Population reduction, a massive genocide, through fake covid “vaxxes” – that are carefully engineered as gene-modifying mRNA killer-injections.
  • The US / EU / NATO provoked war between Russia and Ukraine; a US – Russia proxy-war, pumped up to the tune of about 155 billion dollars-worth of western weaponry and “budget-support” money in less than a year – more than Ukraine’s entire GDP for 2020 ($151 billion).
    Some US$112 billion from the US, the rest from Europe and other western countries.

Most of the money flows right back into the western, mostly US, Military Industrial Complex (MIC), and into the pockets of corrupt politicians (see this interview with Col. Doug Macgregor https://rumble.com/v21yohy-real-america-dan-ball-w-col.-doug-macgregor-zelensky-begs-congress-for-more.html

  • It is about fake “climate change”, fake biodiversity See this https://www.globalresearch.ca/big-hoax-from-climate-change-to-biodiversity/5803442 .
  • Manipulated energy shortages, a proven combined manipulation of “sanctions” on Russia, and the worst western government sponsored terror sabotage act in recent history, the torpedoed Nord Stream 1 and 2 gas pipelines under the Baltic Sea from Russia to Germany. Russian hydrocarbons, mostly gas, provided at least 40% of all of Europe’s energy uses.
  • Engineered food shortages, leading to famine – and a new artificial toxic way of food production; geoengineered crop destroying weather catastrophes; food staple speculations; forced supply-chain disruptions and more are responsible for “food shortages”. The world can produce enough food for at least ten billion people, see this https://www.google.com/search?q=fao%3A+there+is+enough+food+in+the+world+to+aliment+12+billion+people&oq=fao%3A+there+is+enough+food+in+the+world+to+aliment+12+billion+people&aqs=chrome..69i57j69i58.18476j0j15&sourceid=chrome&ie=UTF-8; it’s a mere question of banning speculation and introducing a just food distribution system;
  • Compromised banker’s engineered hyper-inflation, leading more rapidly to poverty; crisis after crisis caused demolition of the western economy, bankruptcies, unemployment, poverty, unaffordable food and / or housing, disease and death – genocidal death.
  • Worldwide network of 5G microwaves – and would you believe, and soon to come all-controlling, potentially deadly Sixth Generation – 6G, whose target date is coverage of the entire planet by 2030.
  • Absolute control – via the all-invasive QR-code. See this https://www.globalresearch.ca/beware-qr-code-remember-agenda-id2020/5769266
  • Digitization of everything, the objective of Klaus Schwab’s designed 4th Industrial Revolution (see this https://www.amazon.com/Fourth-Industrial-Revolution-Klaus-Schwab/dp/1524758868 ), including
  • Digitization of money – may result in turn-on, turn-off money, expiring money, blocked or canceled money for misbehavior, potentially resulting in lack of sustenance for non-behaviors, no food, no energy, no housing – disease – death
  • Digitization of your brain – transhumanization, robotization – social engineering of the masses, as well as the individual (see Daniel Estulin’s “Tavistock Institute – Social Engineering of the Masses”https://www.amazon.com/Tavistock-Institute-Social-Engineering-Masses/dp/163424043X )
  • Universal Basic Income – (UBI) – can be controlled and is slated to become “You own nothing but are happy” – Klaus Schwab’s glorious ending of the Great Reset, and finally
  • A WHO / pharma controlled worldwide tyrannical “health system” (sic), through a so-called Pandemic Treatywhich – if approved by the World Health Assembly – would overreach every UN / WHO member country’s Constitution, putting the Director General of WHO in charge of health (and death) issues worldwide, in each country.
    It might amount to compulsory vaccination, enforced by the military, for whatever WHO decides is or might be a worldwide threat to health. Even the common flu.

If approved in 2023, the Pandemic Treaty would become effective at the beginning of 2024.

This would be an absolutely lawless rule against the will of ALL PEOPLE OF THE WORLD.

If the Pandemic Treaty is approved – and even if it is not approved – this is a call on all nations to EXIT WHO,which has become a biased pharma-led eugenist-funded terror organization.

The world is faced with a multi-disaster scenario caused by ultra-rich neo-Nazi multi-billionaire elitists and the international data / IT and finance system that controls some 25 to 30 trillion-dollar equivalent of the world’s assets, maybe more – and can leverage every country of this planet to do their bidding.

These are the dark Cult Masters, acting from the shadows of supra-governments, like the US and the European Union, mainly via their well-funded executive, or implementing, instruments – WEF, WHO, NATO.

This is what happened at the beginning of the 2020 covid hoax. The 2010 Rockefeller Report called this first phase – The Lockstep Scenario – see thishttps://www.nommeraadio.ee/meedia/pdf/RRS/Rockefeller%20Foundation.pdf

Indeed, in unison, all 193 UN member countries (194 WHO members) – their corrupted leaders and media blasted the same fear-imposing message – lockdown, obligatory people-demeaning face masks, social distancing, working from home – so you would lose personal contact with your friends and colleagues.

Today, all these above-mentioned Limits to Growth measures are wrapped in a constant and permanent fear campaign, to demoralize and subjugate people into submission. A fear campaign carried out by mainstream media, all owned by 13 media conglomerates who own 90% of the media worldwide.

In unison they slam down these fear messages in lockstep 24 / 7 / 52 on the world populations. See this https://www.google.com/search?q=13+intenatonal+media+corprations+control+90%25+of+western+world+news&sxsrf=AJOqlzUv_RLeZ5NCjDRAsGdFNNl80bU9AA%3A1673310255329&ei=L7C8Y4rWE4bs1sQPj_G-6AI&ved=0ahUKEwjKqfi63rv8AhUGtpUCHY-4Dy0Q4dUDCA8&oq=13+intenatonal+media+corprations+control+90%25+of+western+world+news&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQDDoKCAAQRxDWBBCwA0oECEEYAEoECEYYAFCqClihC2CFIWgBcAF4AIABjAKIAaEDkgEFMC4xLjGYAQCgAQHIAQjAAQE&sclient=gws-wiz-serp

These corrupt media moguls are paid billions of dollars to comply with the power-money psychopaths’ request, to spread the world with lies – with deadly lies. They are party to the mass-murderers, as they know what they are doing. Their management must face the laws of justice.

Just as a parenthesis, looking at what these US Treasury generated dollars really are: They are worthless, unbacked money – dollars that are simple debt for the US Treasury; debt that is never paid back.

Or as the former FED Chairman Alan Greenspan said in 2011, “The United States can pay any debt it has because we can always print money to do that”. See this  https://www.google.com/search?sxsrf=AJOqlzVj6Us4MQ0TkbEiXYVK4DJ_Yg09Ew:1673221297413&q=greenspan+to+a+journalist:+we+will+never+pay+back+our+debt.+we+will+just+print+new+money&spell=1&sa=X&ved=2ahUKEwi8gMCIk7n8AhW1HLkGHRJsAC4QBSgAegQIBxAB&biw=877&bih=412&dpr=2.19#fpstate=ive&vld=cid:7d32db1c,vid:Ck3FuTzZvhI

Therefore, money dished out to corrupt organization is worthless for the “spender”- the creator of the money, the US of A, but they buy the world for the recipients.

We are living in the midst of a Cabal-directed Death Cult.

The majority of the people haven’t noticed yet.

But the awakening has begun.

Remember the Tibetan Proverb of the silently growing forest. And as trees connect with each other, so do humans by their spirituality – not transhumans, but humans what we still are.

And let us never an abject power-hungry non-elected criminal like Klaus Schwab, with his roots in the Third Reich, and his by nobody desired NGO, the World Economic Forum – WEF – dominate humanity.

May the forest grow to a critical mass – that can by its sheer solidarity, togetherness of thought and will power overcome the pathological objectives of the psychopaths wish for power and money dominance.

Peter Koenig is a geopolitical analyst and a former Senior Economist at the World Bank and the World Health Organization (WHO), where he worked for over 30 years around the world. He lectures at universities in the US, Europe and South America. He writes regularly for online journals and is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed; and  co-author of Cynthia McKinney’s book “When China Sneezes: From the Coronavirus Lockdown to the Global Politico-Economic Crisis” (Clarity Press – November 1, 2020) Peter is a Research Associate of the Centre for Research on Globalization (CRG). He is also is a non-resident Senior Fellow of the Chongyang Institute of Renmin University, Beijing.

De-Dollarization Accelerates: The Beginning of the End for US Dollar Hegemony in Southeast Asia?

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By Timothy Alexander Guzman

Source: Silent Crow News

The US is facing major moves by the global community to de-dollarize their economies.  The reserve status of the US dollar will eventually come to an end, maybe not anytime soon, but sometime in the future as it is facing numerous challenges not only from major powers such as Russia and China who are actively trying to rid themselves of the toxic currency, but also countries with smaller economies who are based in the Southeast Asian region which includes Singapore, Malaysia, Indonesia, Cambodia, Thailand, and Laos.  The globalist think tank, the Carnegie Endowment for International Peace (CEIP) published an article on August 22nd, 2022, on the US dollar’s waning influence in Southeast Asia titled ‘Southeast Asia’s Growing Interest in Non-dollar Financial Channels—and the Renminbi’s Potential Role’ stated what was taking place between China and several Southeast Asian countries:

China’s central bank—announced the launch of a new emergency liquidity arrangement that can be funded using renminbi and tapped by participating central banks during times of market stress. Three of the five participating central banks are Singapore’s, Malaysia’s, and Indonesia’s, which each recently renewed agreements with the PBOC implicitly aimed at reducing dollar usage in cross-border payments. This follows policymakers in Thailand, Laos, Cambodia, and Myanmar all announcing efforts to reduce dollar usage, as well as comments by Indonesia’s central bank head that consumers across five of Southeast Asia’s largest economies will soon be able to make intra-regional cross-border payments via linkages that avoid using the dollar as an intermediary, as is currently often the case

Interestingly, The CEIP listed several reasons why Southeast Asian countries want to dramatically reduce the use of US dollars are as follows:

Several factors are behind the various efforts aimed at reducing dollar usage in Southeast Asia. To begin with, many officials are concerned about the potential economic impacts of U.S. monetary policy tightening on the region given its high usage of the dollar; accordingly, some are seeking to reduce usage of the dollar in intra-regional trade payments as a means of curbing dollar reliance more broadly. Recent sanctions may also be spurring demand for alternative financial channels—for example, Myanmar’s military government is actively exploring how to circumvent EU and U.S. sanctions to transact with Russia

According to an article published by almayadeen.net ‘Bank Indonesia calls against payments in US Dollars’ who translated the report by an Indonesian news portal called Tempo.net on what Nugroho Joko Prastowo of the Solo Bank Indonesia Representative Office said regarding Indonesian businesses using national currencies to reduce its reliance on the US dollar:

Bank Indonesia has urged importers and exporters to use national currencies in international payments in order to reduce Indonesian financial markets’ reliance on the US dollar, according to Tempo.co, an Indonesian news portal.  “About 90% of export-import payments are conducted in US dollars, while the share of Indonesian direct exports to the US is estimated at only 10%, and US imports account for 5%”

The report also mentioned that “China, Japan, Thailand, and Malaysia have already agreed to use the two-way payment mechanism, with Singapore and the Philippines planning to join the system, according to the economist.”  

Another article published by the globaltimes.cn on December 15th, 2021, ‘GT Exclusive: Myanmar accepts yuan as official settlement currency for border trade with China’ said that Myanmar’s usage of Chinese yuan will help break the US dollar dominance in the long term:

The yuan was included in the list of Myanmar’s official settlement currencies in January 2019. The move at that time was more symbolic, as all contracts and trade were still not settled in the Chinese currency.  Zhou said that the move, in the long term, will help break the monopoly of the US dollar in Myanmar’s foreign currency reserves.  The US has been abusing the dollar’s dominant status to impose arbitrary sanctions on other countries, and the yuan’s further expansion in Myanmar’s trade settlements may provide a shield against such a potential weapon, analysts said

Cambodia is on Board Dumping US Dollars

Why Cambodia with a population of close to 17 million people and a much smaller economic impact on the world’s economy is willing to drop US dollars is an important development.  The Diplomat, a current-affairs magazine based on analysis and commentaries from various authors on developments throughout Asia and the rest of the world published an article by Luke Hunt on the case of Cambodia’s attempt to stop using US dollars titled ‘Cambodia Reduces its Dependency on the US Dollar’ lays out the mood of the Cambodian government.  “Ever since United Nations peacekeepers arrived in war-torn Cambodia to oversee elections held in 1993, the U.S. dollar has been a mainstay of the local economy with a dual currency system providing steady exchange rates in a volatile place” but there is a monumental shift taking place when the National Bank of Cambodia (NBC) announced that it “would phase-out small-denominated U.S. dollar bills – $1, $2, and $5 notes – following negotiations with banks and micro-finance institutions (MFIs).”  Naturally it’s a step to reduce the dependency of the US dollar according to the NBC “Cambodia has to encourage the use of its riel, more. So, allowing the circulation of small U.S. bills is an obstacle in urging the use of the riel.”

There are several reasons for Cambodia’s move, one of them is to allow the use of digital currencies to “give the central bank more control over the Cambodian economy and bolster the local riel currency, which for decades suffered from a lack of confidence due to negative sentiment stemming from a 30-year war” in addition it will allow the central bank “control over monetary policy and interest rate settings and reduced costs in handling the sheer volume of $1 dollar notes circulating through the economy.”  Hunt mentions the dark period of Cambodian history with the US-backed Pol Pot and the Khmer Rouge who destroyed Cambodia and it’s traditions and started a new revolution with a new culture that would begin on Year Zero, therefore everything before would be deemed irrelevant, “It’s a far cry from the late 1970s, when Khmer Rouge rule abandoned money, banks were abolished, and the NBC blown-up as Pol Pot tried to create a utopian, agrarian society that led to the deaths of an estimated 1.7 million Cambodians.”  One of the darkest times in world history indeed.  It is a positive development that the NBC is encouraging the use of the Cambodian Riel for its economy, so the future seems promising.  NBC Governor Chea Chanto spoke at the 40th Anniversary of the re-establishment of the Riel “he said demand for the currency had increased by an average of 16 percent a year for the last 20 years amid annual average growth rates of 7.8 percent and inflation at around 2.5 percent.”  Chanto said that “I firmly believe all ministries, institutions, companies, enterprises, and those who actively participate in the process of developing the banking system promote the use of the riel, which is our national currency.” According to an unidentified analyst “It’s also a matter of sovereignty and pride. It’s their country and they are entitled to have their own currency like anywhere else.”

Transitioning from the US dollar to the Cambodian Riel won’t be an easy task according to Michael Finn of the Khmer Times who authored ‘De-dollarisation: Views from Asia, US and Europe’ claims that “Any reduction in the use of the dollar needs to be handled carefully, according to foreign chambers of commerce in Cambodia. They say the central bank is unlikely to fully phase-out the US currency and any sudden moves to end reliance on the dollar would be bad for business.”  European Chamber of Commerce Advocacy Manager Noe Schellinck said that “To a certain extent, the dollarisation now can be ascribed to the success of the Cambodian economy, with a great influx of Foreign Direct Investment, compared to the historic context of when the dollarization came about.” But the Indonesian Chamber of Commerce President Dalton Wong disagrees with Schellinck’s assessment:

De-dollarisation is not a bad thing as it is a re-balancing of the fiscal and monetary policy tools. It is certainly not a complete displacement and substitution of the US dollar in favour of the Khmer Riel in trade and investment, which some observers and analysts seem to mischievously suggest, which is not so helpful. In fact, promoting a greater use of the Khmer riel will give greater monetary policy tools to the Cambodian author 

The collapse of the US dollar is becoming a reality as China and Russia continue to buy gold and trade with their own currencies at an accelerated pace with many more countries around the world who are also racing to de-dollarize their economies.  As we already know, several countries in Southeast Asia will soon make its move to rid itself of the toxic currency, but there are also other countries who are also making moves including India, Iran, South Africa, Syria, and Venezuela who are all motivated to drop the US dollar.  One of the main reasons for these countries to move forward by eliminating the use of US dollar is because Washington uses its currency status as a weapon to impose harsh sanctions on countries they deem as enemies.  

African countries are also starting to look for alternatives to the US dollar including Ghana according to a report published by Reuters on November 24th, 2022, ‘Ghana plans to buy oil with gold instead of U.S. dollars’ said that “Ghana’s government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves” Ghana’s reason slightly differs from other countries since “The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.”  This means that the US dollar is causing inflation.  The move is expected to take place in the first quarter of 2023 as Ghana’s Vice-President Mahamudu Bawumia said that the new policy “will fundamentally change our balance of payments and significantly reduce the persistent depreciation of our currency” as he explained that “using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products.”  Libya was one of the first countries in Africa to propose the idea of creating an alternative currency to bypass the US dollar called the African Dinar which would have been gold-backed but the Obama regime supported a violent coup to overthrow its president who suggested the idea, Muammar Ghaddafi who was tortured and then killed in the process making Libya a hotbed for terrorism and at the same time, re-creating the centuries-old industry of slavery.   

The bottom line is that US dollar’s dominance in the global market will come to an end sometime in the foreseeable future.  No one has a crystal ball of when it will happen, but it is certain.  The world will experience an alternative economic reality that will change the dynamics of the US and its Western powers dominating the World’s economy with an outdated and flawed currency that will eventually have the same value as toilet paper.  

An Inconvenient Revolution

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By Charles Hugh Smith

Source: Of Two Minds

Convenience isn’t just about small appliances. It’s also about ruling nations. Let’s start with the semantics of ruling nations. Some labels might be viewed as somewhat inflammatory (Kleptocracy, anyone?), so let’s stick with the neutral Ruling Order.

Some things have been extraordinarily convenient for the Ruling Order. Take the life and death of one Jeffrey Epstein, an intel “asset” who assembled a veritable goldmine of dirt on an astounding collection of bigwigs, and then became, well, inconvenient.

Very conveniently, the security camera in his cell failed, the guards dozed off and he hung himself in this fortuitous interlude. This was the acme of convenience.

Extending the Surveillance State into Big Tech’s planetary-wide social media networks was also convenient, and a bargain to boot. Instead of all that expensive stuff the Communist State in China had to pay for, America’s Ruling Order just put the squeeze on Big Tech and saved a bundle.

The Surveillance State assumes that any revolt / revolution can either be nipped in the bud by identifying foreign influences / domestic extremists, or crushed by foreknowledge of the storming of the barricades.

In conventional times, these are pretty safe assumptions. But the times are no longer conventional, and so the Ruling Order is in effect investing its treasure and confidence in fighting the last war.

It’s convenient if rebelling citizens organize themselves in visible networks and concentrate into groups that can be crushed by force. It’s inconvenient if the revolution is not neatly organized and crushable but an invisible revolution of not showing up.

In other words, a revolution of getting fed up and opting out, of finding some other way to live rather than spending 10 years paying down the student loans and another 30 years paying down the mortgage and the last few years of one’s life watching the tides of financial excess erode the sand castles of pensions and retirement.

There’s a consequential asymmetry to the inconvenience caused by people getting fed up and opting out. The average worker not showing up is consequential but not catastrophic. But when the managerial class thins out, and those doing the dirty work thin out, there are no replacements, and the system breaks down.

Few are willing to make the beds, empty the bedpans and work in slaughterhouses. When those willing to do the work nobody else wants to do quit, the system collapses. Those with higher expectations will not volunteer to do the dirty work, and many are unable to do the work even if they are willing. It’s too hard and too physically punishing. (Says a guy who’s carried stupid amounts of lumber up hillsides where no forklift could go.)

Despite what many of us may think, the majority of workers lack the experience and tools to manage complex operations. (Those of us who try soon reach our limits.) Many lack a deep enough knowledge to fix major breakdowns. When the critical operational and managerial people retire, quit, or find some other way to live, the system breaks down.

All the surveillance and all the force that the Ruling Order depends on to maintain its dominance is useless when people get fed up and quit supporting the system with their labor and their borrowing / spending. All the surveillance and facial recognition software is worthless, all the monitoring of kitten and puppy photos on social media, all the tracking of foreign influence–none of it matters any more.

It’s inconvenient when those whose sacrifices are essential to the system get fed up and find some other way to live. Yet this is the inevitable consequence of a system hopelessly corrupted by fraud, inequality and unfairness, a system rigged to benefit the few at the expense of the many. People eventually get fed up and opt out.

They don’t throw themselves on the gears of an odious system, they simply stop greasing the gears with their time, effort, experience, debt and money. It doesn’t take many opting out to trigger decay and collapse. The Pareto Distribution applies. The system can adjust to the first 4% opting out, but those consequential few trigger the decay of the commitment of the next 20%, and the system cannot survive when the 20% find some other way to live. The 80% can still be willing to grease the gears but that’s no longer enough to maintain the coherence of the system.

The asymmetry of decay and collapse is inconvenient.