Are we witnessing the start of some sort of a mass awakening in the Western world? For years, I have been writing about the extremely complex systems that are designed to shape and control what we think. Today, the vast majority of the “news” and “entertainment” that most of us consume is controlled by just a very small handful of immensely powerful corporations. And of course those corporations are ultimately owned and controlled by the elite of the world. To a very large degree, the elite have been able to determine what we focus on, what we think about current events, and how we feel about the world around us. For such a long time, most of the population would take whatever narratives that were pushed upon them by their corporate overlords as the gospel truth, and that always greatly frustrated me. Fortunately, there are indications that times are changing.
In order for any society to function effectively, there must be a high level of trust.
Unfortunately for the elite, we simply do not trust them anymore.
Trust in our politicians has fallen to an all-time low.
Trust in the media has fallen to an all-time low.
Trust in our corporations has fallen to an all-time low.
Trust in our health care system has fallen to an all-time low.
Trust in our education system has fallen to an all-time low.
Trust in the tech industry has fallen to an all-time low.
We no longer are buying into the crap that they keep shoveling our way.
And that is a really, really good thing.
It is morally wrong for them to try to control what we think. It is absolutely imperative that we all learn to think for ourselves, because that is the only way that we will ever be truly free.
I have been writing about this stuff for years and years, and a number of recent trends have given me hope that people are starting to wake up on a widespread basis. The following are 10 promising signs that the insidious mind control matrix the elite have created is starting to crumble…
#1 According to a recent Gallup survey, only 16 percent of U.S. adults have “a great deal” or “quite a lot” of confidence in newspapers and only 11 percent of U.S. adults have “a great deal” or “quite a lot” of confidence in television news.
#2 All over the Internet I am seeing article after article speaking out against the World Economic Forum. That is an incredibly hopeful sign.
#3 In the Netherlands, a new government plan would “cut fertilizer use and reduce livestock numbers so drastically that it will force many farms out of business”. This plan is deeply evil, but the massive farmer protests that have been sparked as a result are a really beautiful thing.
#4 After being arrested, a British man was told this: “Someone has been caused anxiety based on your social media post. And that is why you’re being arrested”. But the good news is that there has been a tremendous backlash on social media and so far the video of his arrest has already been viewed more than 2 million times.
#5 As more people on the West Coast wake up, the exodus out of the state of California is rapidly becoming a stampede.
#6 Despite all of the spin from the Biden administration, 66 percent of Americans say that they believe that we are either in a recession or a depression right now.
#7 Joe Biden’s overall approval rating has fallen to an all-time low of 36 percent.
#8 Joe Biden’s economic approval rating has fallen to an all-time low of 30 percent.
#9 A recent CNN poll discovered that a whopping 75 percent of Democratic and Democratic-leaning voters actually want their party to nominate someone other than Biden in 2024.
#10 According to a recent Pew Research survey, only 24 percent of U.S. adults are satisfied with the current state of the country.
Almost all of us can see that our society is on the wrong track, and that is the first step in getting back on the right track.
As time rolls along, I believe that more and more of us will wake up.
And in the end I believe that the current “world order” that the Western elite have tried so hard to establish will fall.
The shortest day on record has been broken by the planet Earth. On June 29, 2022, the planet completed its entire rotation in just 1.59 milliseconds, or slightly more than one thousandth of a second, less time than it typically takes for a 24-hour rotation.
Recently, the Earth has been moving quicker. Since the 1960s, 2020 marked the shortest month on record for the planet. On July 19 of that year, 1.47 milliseconds shorter than a typical 24-hour day, scientists recorded the shortest day so far.
Are the days being shortened?
I often tell people that it feels like the days are going by faster than ever, but I thought that it was just my imagination.
I have been told that as we get older it can seem like time is passing more quickly, and without a doubt 2022 seems like it is the fastest year yet.
It is hard to believe that the beginning of August is already here.
2023 will arrive before we know it, and I believe that 2023 will be a year that changes everything.
I know that there are a lot of bad things that are happening right now, and a lot of my articles tend to focus on those bad things.
But the truth is that there are a lot of good things happening too.
In fact, there is no other time in all of human history that I would have rather lived than right now.
It is when times are the darkest that the greatest heroes are needed, and the years ahead will provide plenty of opportunities for you to be the kind of hero that you were always meant to be.
The biggest mistake the elites made with the scamdemic was to let us see what good buddies they really are, because this instantly and inadvertently presented the 99.9% with a shocking and previously quite carefully hidden reality about the true nature of power and geopolitics.
Horizontal conflict narratives have for centuries been a major part of how elites control their populations. Catholic v Protestant, Moslem v Christian, black v white, male v female, gay v straight etc etc. It’s a tried and trusted method of channeling frustrations, shaping minds and keeping people’s minds off the real authors of their misfortunes.
Behind the facade of conflict the elites have always shared a common bond of mutual interest. Kings (mostly) knew to honor the divinity of other kings even in defeat. Even when they killed each other they did it reluctantly and in the guise of “natural causes”. They knew their own populations were the real common enemies against which they knew to make common cause.
War was just another method of achieving this as well as gratifying some degree of personal pride.
Nothing much has changed in the modern era. And a great deal of the legacy media’s energy has long been devoted to helping to conceal the reality of the “big (supranational) club” that we ain’t in.
Until, that is, the recent huge error of judgement by the world’s leaders when they chose to abandon the carefully maintained “horizontal divisions” narrative in favor of some New Age, New Normal narrative of “international solidarity and co-operation to beat the virus”.
They were clearly going for some “Independence Day” type hug-fest psychic effect. Humanity falling into each other’s arms and deciding to work together in WHO-created mutual New Normal benevolence to defeat an invisible enemy that will, of course, never be defeated.
It did not go over as planned.
They just tried to sell it too hard too fast. And they blew it.
Gordon Brown reacting to a few hundred “COVID” deaths by saying we needed a world government (not yet, Gordon, too soon!).
Goldfinger Schwab and his stupid book of “happy peasant” delusional raving.
Insane overkill on the “nothing will ever be the same” meme based on a few flu cases.
All pushing their own magically produced untested toxic concoctions, all unctuously mouthing the same lies in a hundred different languages.
They goofed and made it just too obvious how closely in sync they are.
Sure they did also seed a few “alternative” deadly virus narratives that halfheartedly muddied the waters by blaming China, or maybe the US, but it wasn’t enough to counter the truly stunning images of international elite solidarity. Most particularly east-west solidarity.
Why were the Chinese elites spearheading this lie? Why were the Russian elites promoting it?
This was a big wake up moment for many many people all over the world.
Not for the majority, of course. For the majority there was nothing but zombified lockstep, absolute obedience, bizarre levels of willing self-destruction.
But for a large and growing minority the very opposite began to happen.
This growing minority began realizing, not only that the pandemic was a massive lie, but also began to discern that most carefully hidden and most explosive truth — that the elites of the world – all the world – owe allegiance to each other above and beyond any trapping of national identity.
And that convincing us this is not true had heretofore been a huge part of retaining their power.
Faced with this awakening some people began to see they had no choice but to take control of their own destiny rather than wait for their governments to save them.
Small grass roots and spontaneous rebellions began sprouting. First it was just a very few but then more and more people began challenging the pandemic lie. There were mass marches in cities across the globe and small local “stand in the park” protests. People were speaking out, reaching out. The truckers began their convoy.
Suddenly from a place of darkness there was real hope. Not invested in some phony hero politician or some noisy celebrity populist, but in ourselves. Groups of ordinary people began realizing they could take back their lives.
And simultaneously the pandemic narrative began to falter.
Vaccine uptake was not meeting expectations. Even people who had one jab were getting reluctant to have another. Some of those who had once been compliant began to feel they’d had enough.
By autumn 2021 the New Normal – and, more importantly, the system promoting it – were actually in some trouble. The worst trouble they had known for a while.
Faced with overwhelming resistance the “Independence Day hug-fest”, and indeed the whole pandemic narrative, began to go into panic-reverse. Mask mandates began to be canceled. Quarantines abandoned. QR codes likewise.
And the elites began to recall the benefits of those good old tried and true horizontal conflict narratives.
The US began accusing Russia, China began accusing the US. Israel began bombing everyone again.
But not because they wanted to distract you from that awkward realization about how chummy they really are behind the scenes!
No. Never. Not at all.
It was because Russia suddenly got extra scary. And those Nazis in Ukraine suddenly became seriously worrying. And Israel got all worried about terrorists and Iran again. And Taiwan….yada yada.
And, obviously, those elites who can all agree to tell the same lies in the same words at the same time and produce the same “response” and promote the same “solutions” in lockstep over covid just can’t agree at all over anything else.
Because deep seated ideological and strategical differences make it impossible.
Oops.
So, the US had no option but to start provocations in the China Sea and flood Ukraine with weapons and advisors, and Russia had no option but to invade Ukraine.
It was all inevitable. Like death and taxes. Just something that wise people know had to happen.
And the fact it rescued the power structure from a dicey little moment is absolutely and totally a coincidence.
Yes, it did reinstate all the old conflict narratives and allow the media to make a lot of noise and distract people while the embarrassing “Independence Day co-operation” narrative snuck out the room.
And yes, it did rescue the New Normal and provide a lovely new reason for potential rationing, belt-tightening, forever shortages, travel restrictions and all the other things Goldfinger Schwab and his billionaire supranational globalist chums really like.
But coincidences are like that.
Coincidental. Convenient. And no need to look any further.
I mean – would your favourite world leader really start or provoke a war just for convenience or profit? Would they really sacrifice lives just to benefit themselves?
Ok, maybe the Americans would, because Imperialism.
But Russia? China? They’re more moral, right. Higher ethical plain.
I mean sure, they are all equally happy to let their citizens get injected with untested toxic sludge, and sure they just worked with the West to joint-perpetrate an unprecedented global scam that may have killed or maimed millions.
And sure there is quite a lot to be gained from “winning” in Ukraine, aside from defeating Nazis. Fat rebuilding contracts. Access to a lot of resources.
And of course the same convenient distraction equally serves West and East.
But no, come on. Sure they were all in lockstep in 2020. And, ok they still are in lockstep in 2022 – but only over the pandemic lie!
They are absolutely opposed and forced into conflict about everything else, and we need to take a side, support the good guys who are rooting for a better world.
The only alternative is to recognize that horizontal divisions benefit them not us. That neither side is good, or rooting for anything but their own advantage, and that fundamentally, as ever, the global 0.1% take care of their own interests while striving hard to deter and divert us from doing the same.
I suggest we stop being diverted and deterred, remember the lesson of 2020 and continue on the path of personal and collective awakening they are doing their best to lure us from.
On Tuesday in response to Pelosi’s affront to Chinese sovereignty, the PLA began conducting live-fire maritime and aerial drills around Taiwan — surrounding the island.
According to China’s Global Times, they feature “J-20 stealth fighter jets and test-firing of conventional missiles…with additional important drills announced for days to come.”
Beginning moments after Pelosi arrived in Taipei, they’re ongoing in waters and airspace “north, southwest and southeast of the island…”
They include “live-fire shooting…in the Taiwan Strait and…missile test launches…east of the island.”
While ongoing for a number of days, “Taiwan will be surrounded by PLA drills in five directions.”
Drills are likely designed to develop PLA capabilities to seize the island militarily if unable to do it peacefully.
According to PLA Eastern Theater Command deputy chief of staff, Gu Zhong, as reported by GT:
Drills involve “courses like joint blockade, sea assault, land attack and air superiority seizing plus live-fire shooting of precision weapons.”
They’re “comprehensively test(ing) the performance of weapons and equipment as well as the troops’ joint operational capabilities, making preparations for all crises.”
Separately, Xinhua reported that live-fire drills are being conducted in six maritime and air space areas around Taiwan — north, northeast, east, south, southwest and northwest of the island.
Entry into areas where they’re ongoing is prohibited.
Last Sunday, China’s Liaoning aircraft carrier embarked from its Qingdao homeport to waters near Taiwan — accompanied by “a Type 075 amphibious assault ship.”
Chinese military expert, Song Zhongping, said the purpose of ongoing drills is to enhance the PLA’s military preparedness in light of Pelosi’s unacceptable visit to Taiwan.
During her meeting with Taiwan’s so-called president Tsai Ing-wen on Wednesday — in a display of imperial arrogance — Pelosi assaulted China’s sovereignty again as follows, saying:
Hegemon USA’s vow to preserve (fantasy) democracy in Taiwan and around the world (is) ironclad.”
She barely stopped short of vowing to defend the island if China uses military force to reunite it with the mainland.
In cahoots with dominant Biden regime and congressional hardliners, Pelosi is pushing things recklessly for possible direct confrontation between two nuclear powers — ones able to transform cities of targeted nations into smoldering rubble.
Indeed, hostile-to-peace-and-stability Pelosi and the Biden regime are playing with fire against Russia, China and Iran — humanity’s fate hanging in the balance.
Separately in response to Taiwan’s complicity with Pelosi’s effrontery, Beijing retaliated by suspending exports of certain food products to the island.
According to Bloomberg News, the suspension includes “some fish and fruit imports,” as well as “natural sand used in construction.”
The Financial Times said that China “suspend(ed) (imports of) 2,000 food products,” along with “suspend(ing) exports of natural sand” to Taiwan.
Beijing’s Mainland Affairs Council deputy chair, Chiu Chui-cheng, said the following:
“In the past, China hit single products from the primary sector such as specific fruit or fish.”
In “that way, (it) kept the overall macroeconomic impact on Taiwan limited but could target regions where the (ruling) Democratic Progressive party is strong.”
“But now (Beijing is) broadening this immensely as (it’s) targeting processed foods, so what’s going on is much more broad-based.
“This is probably only the beginning.”
“We are certain that (China) will further step up (its) economic coercion measures.”
According to the FT, Beijing’s suspension “cover(s) 35 categories including fish and seafood, edible oils, citrus fruits and biscuits and cakes, hitting publicly listed companies such as instant noodle and soy sauce producer Ve Wong and Chi Mei, which makes frozen foods.”
At this time, China’s likely short-term import and export suspensions are largely shots across the bow warnings to Taiwan.
Economist Ma Tieying said the following:
“What needs to be watched is whether Beijing will broaden the trade bans into the manufacturing sector, particularly semiconductors/electronics going forward.”
China is Taiwan’s largest trade partner, bilateral volume last year totaling $328.3 billion, around 52% from the island to the mainland.
Beijing relies on imports of Taiwanese semiconductors.
The island exports about one-fifth of its agricultural products to the mainland.
Chinese media reported that the country’s General Administration of Customs suspended imports of “refrigerated large-head hair-tail and frozen Japanese horse mackerel from Taiwan.”
Taiwan’s state-controlled CNA said that the mainland temporarily halted imports of from “over 100 Taiwanese food manufacturers, including the well-known brands I-Mei Foods, Wei Chuan and Kuai Kuai Co.”
According to Taiwan’s Council of Agriculture (COA):
Hundreds of temporarily “blacklisted companies include producers of tea leaves, dried fruits, honey, cocoa beans, and vegetables, as well as catches from around 700 fishing vessels.”
Separately, CNA said China largely, but not entirely, suspended imports of coffee beans, stuffed pasta and bread, health foods and supplements, baby food and formula, foods for medicinal purposes, plant based oil, candy, beverages, cereal-based products, seasonings and condiments.
Center for Counter Hegemonic Studies’ director, Tim Anderson, believes that Pelosi’s provocative visit was planned to trigger US confrontation with China in similar fashion to its proxy war on Russia, adding:
“Imagine if the Chinese military went into Puerto Rico or some other part of the US territories.”
“It’s unacceptable, and I can’t say that any good would come out of it.”
The Biden regime provoked Russia to launch its SMO in self-defense.
When major events impact millions, and even billions, of people, there will, inevitably, be a wide range of opinions put forth to explain the crisis. From political explanations to religious testimony, thinkers from all walks of life seek to deconstruct those events which alter the lives of the masses.
When it comes to what I will call the “conspiracy research community”, one theory often proposed as an explanation to the chaos of our world is known as predictive programming. When searching for specific definitions of this theory you find derogatory analyses, true believers, and the curious.
“Predictive Programming is theory that the government or other higher-ups are using fictional movies or books as a mass mind control tool to make the population more accepting of planned future events. This was described by researcher Alan Watt who defines Predictive programming as “Predictive programming is a subtle form of psychological conditioning provided by the media to acquaint the public with planned societal changes to be implemented by our leaders. If and when these changes are put through, the public will already be familiarized with them and will accept them as natural progressions, thus lessening possible public resistance and commotion.”
Essentially, the idea is that operations being conducted by a hidden elite are shown to the public in advance via popular media such as books and films. These clues and references are meant to “soften” the public to the ideas presented. By introducing concepts that seem fantastic and then constantly reintroducing the concepts they appear more likely, or at the least, acceptable.
The belief is that the “predictive programming” in media can speak to the subconscious in a way that causes the public to passively accept the events when they unfold in real life, rather than offering resistance or opposition.
The Ohio University writer states, “I found that most commonly people believe the government creates a problem so the population will look to the government for a solution. However, because the government planned for the crisis the government will offer a solution that has been planned long before the crisis ever happened.” What they are describing is often known as “problem-reaction-solution”.
The TV show The Simpsons is often a source for such predictive programming claims. Various episodes show Donald Trump running for President, and references to September 11, 2001. For example, The Simpsons 1997 episode titled “The City of New York vs Homer Simpson” features the Simpson family visiting Manhattan where the World Trade Center factors heavily into the story. In one often touted scene, Lisa holds a brochure for a $9 bus fare with the World Trade Center shown in the background. Together the $9 and the twin towers make 9/11, a reference to the 9/11 attacks.
In 2010, Bill Oakley, an executive producer on the show at the time, told The New York Observer, “$9 was picked as a comically cheap fare,” he said. “And I will grant that it’s eerie, given that it’s on the only episode of any series ever that had an entire act of World Trade Center jokes.”
Another example of this alleged predictive programming comes from the pilot episode of “The Lone Gunmen,” a short-lived spinoff of the popular “The X-Files”. The pilot for The Lone Gunmen — which aired aired six months before the September 11th attacks — includes a plot where a hijacked plane is aimed at the World Trade Center. The terrorist attack is averted in the end and the towers are not hit.
Here is a sample of the dialogue from one scene of The Lone Gunmen pilot:
“Your saying our government plans to commit a terrorist act against a domestic airline – “
“There you go, indicting the entire government as usual. A faction, a small faction. “
“For what possible gain?”
“The Cold War is over, John, but with no clear enemy to stockpile against, the arms market is flat. But bring down a fully loaded 727 into the middle of New York City and you’ll find a dozen tin-pot dictators all over the world just clamoring to take responsibility and begging to be smart bombed.”
The lazy response to claims of predictive programming is to dismiss them as the workings of a paranoid, tinfoil hat wearing, “conspiracy theorist”. Numerous theories have been proposed to explain predictive programming.
Some researchers dismiss the claims as simple coincidences. The Simpsons has been on air for 30 plus years now and some of their thousands of episodes are bound to reflect reality at some point, they say. Others contend that there are some eerie examples of art “predicting” reality, but they believe theorists are suffering from Pareidolia, the phenomenon of seeing patterns in random stimuli. Those who are looking for patterns are more likely to see them because of this, as well as confirmation bias.
Revelation of the Method
Another theory which has been proposed by believers of predictive programming is the idea that these so-called elites must show the public their plans for one reason or another. This theory has come to be known as “Revelation of the Method”. The first person who appears to have popularized the use of this term was researcher James Shelby Downard.
Downard’s claim to infamy came as a result of his writing the controversial essay King-Kill 33, which accuses a network of Freemasons of being involved in the assassination of President John F. Kennedy. In subsequent writings, Downard further explored his ideas around revelation of the method. In Sorcery, Sex, Assassination, and the Science of Symbolism, he writes, “acts concerning the assassination are on ice and will be be revealed in the future in the so-called ‘Revelation of the Method.’”
He continues, “this method and process of Masonic machinations is summed up in the principle of the “Making Manifest of All That is Hidden.”
Michael A. Hoffman II, was a student and friend of Downard and continued to write about the concept. Writing in the book Apocalypse Culture, Hoffman says, “We come to the current unfoldment in “Must Be,” an alchemic term Mr. Downard translates as “the Revelation of the Method.” This alludes to the process wherein murderous deeds and hair-raising conspiracies involving wars, revolutions, decapitations and every manner of horror-show are first buried beneath a cloak of secrecy and Harpocrates’ hushed- finger, and then, when finally accomplished and secured, slowly revealed to the un- suspecting populace who watch in deep-frozen apathy as the hidden history is unveiled.”
“The Revelation of the Method actually comes from my mentor, James Shelby Downard. I met him in Saint Petersburg, Florida in the mid-1970s and he was a very unusual man. He walked the razor edge between genius and eccentricity, but he had a mind where he was able to see and detect patterns. And also, he had an historian’s mind in terms of the research that he did, and he was the one that set me on this path of the Revelation of the Method. He also called it “Must Be” or “The Making Manifest of All that is Hidden.”
Some researchers of the so-called “Revelation of the Method” also believe there is a spiritual or religious element of the practice. They believe that by sharing clues or foreknowledge of their plans, the elitists somehow absolve themselves of wrong doing in the eyes of their Creator.
COVID-19
This bring us full circle to COVID-19 and claims of predictive programming in various media which foreshadowed the claims of a worldwide pandemic, and the subsequent authoritarian measures.
For example, the 1981 novel “The Eyes of Darkness” by Dean Koontz talks about a deadly virus used as a biological weapon named Wuhan-400. There’s also the 2011 film Contagion with a story of a deadly pandemic involving a virus originating from a bat and social distancing.
In an interview withThe Washington Post, screenwriter Scott Z. Burns said, “It is sad, and it is frustrating… It is also surreal to me that people from all over the world write to me asking how I knew it would involve a bat or how I knew the term “social distancing.” I didn’t have a crystal ball — I had access to great expertise. So, if people find the movie to be accurate, it should give them confidence in the public health experts who are out there right now trying to guide us.”
Perhaps the most striking example of potential predictive programming, or a coincidence, if you prefer, is the film Songbird. The film’s IMDB description states:
“In 2024 a pandemic ravages the world and its cities. Centering on a handful of people as they navigate the obstacles currently hindering society: disease, martial law, quarantine, and vigilantes.”
The wikipedia description further outlines the similarities to what would unfold in 2020 and 2021:
“By 2024, the COVID-19 Coronavirus has been mutated into COVID-23 and the world is in its fourth Quarantine year. In the United States, the nation’s government is converted into a fascist police state and the people are required to take temperature checks on their cell phones while those infected with COVID-23 are taken from their homes against their will and forced into quarantine camps, also known as “Q-Zones” or concentration camps, where some fight back against the brutal restrictions. In these camps, the infected are left to die or forcibly get better. “
While it’s odd enough that a film came out in 2020 “inspired” by the COVID-19 event, it’s even more unnerving knowing the film included scenes of “immunity passports” using cell phones, forced quarantines and lockdowns of the vast majority of the population, and even a black market for the digital passports.
The timing of the filming is also a bit difficult to understand considering the fact that most of the world was experiencing lockdowns. The film makers claim they had their first call about the project on March 14, 2020, around the time the world was learning about the COVID-19 situation. They claim by June, major actors like Demi Moore had been cast in their roles, with production beginning in Los Angeles on July 8, 2020.
By August 3, 2020, the film wrapped, making it the first film to be shot in L.A. during lockdown. While the public was forced to stay inside, and work from home, Hollywood actors and a crew of 40 people were allowed to continue working on their film. The film was eventually released on December 11, 2020 and has received very poor reviews.
If there is any predictive programming in Songbird, it might relate to events yet to come. For example, the movie takes place in 2024, with a virus known as COVID-23 rampaging the planet.
What does this mean for our future? Should we live in fear of what might come?
In the film’s version of events, things do not end well. While the young couple in love manages to acquire blackmarket passports and escape to somewhere more free, the rest of their family and friends remain prisoners of their governments. The rest of the people shown in the film continue to live in the bio-fascist tyrannical nightmare.
Whether predictive programming is true, or simply a matter of coincidence and confirmation bias, we should not allow ourselves to live in fear. However, we should do everything in our power to make sure these fantasy worlds do not become our reality.
The US financial sector has long looted other countries. A number of participants have described the process. First a country is enticed with bribes to the leaders to take out loans that cannot be serviced or repaid. Then in comes the IMF. Austerity is imposed on the population. Public services and employment are cut to free resources for debt service, and public assets are sold to repay the loan. Living standards fall, and US corporations take over the country’s economy.
As foreign governments, having experienced or witnessed the economic carnage and fearing accountability, are less willing to be bribed into indebting their countries, American finance is now applying this technique to Americans. Contrary to the narrative in the financial press, the Federal Reserve is not raising interest rates in order to fight inflation. It is ludicrous to think that a three-quarters of one percent rise in a very low interest rate is going to have any impact on a 9.1% rate of consumer inflation or that speculation that the Federal Reserve has in mind another three-quarters of one percent possibly followed by one half of one percent comprise an anti-inflation policy. If all these increases occur, it still leaves the interest rate below the inflation rate.
Moreover, as I have previously explained, the inflation is not monetary. The higher prices are the result of supply disruptions caused by Washington’s Covid lockdowns and Russian sanctions. Production was stopped and supply chains are broken.
The Federal Reserve’s rise in interest rates is just a continuation of its policy of concentrating income and wealth in the hands of the One Percent. Quantitative Easing was the cloak for the Federal Reserve to print $8.2 trillion in new money which was directed or found its way into the prices of stocks and bonds, thus enriching the small number who own most of these financial instruments. Having maxed out this avenue of wealth concentration, the Federal Reserve is now raising interest rates in order to drive up mortgage costs to aspiring home owners. The Federal Reserve is driving individuals out of the housing market in order to free up properties for “private equity” firms to purchase homes for their rental values. That private equity firms see rental income from the existing stock of houses as the best investment opportunity tells us that the US economy has played out. When investment goes into existing assets, not into producing new assets, the economy ceases to grow.
The Obama regimes policy of bailing out the financial fraudsters responsible for the 2008 crash while foreclosing on their victims, reduced American homeownership from 70% to 63 percent. The Urban Institute predicts further declines. Today homeowners’ equity has declined from 85% after World War II to one-third, leaving two-thirds of homeowner equity in the hands of creditors. This makes it completely clear that a financialized economy indebts the people for the sake of rentier income to the One Percent. Indeed, the financialized economy created by the Federal Reserve has reimposed a class system akin to the landed British aristocracy that was overthrown. Indeed, we have an economically far worst class system. The landed British aristocrats produced food that fed the nation. The American class system produces interest and fees for the financial system.
As Michael Hudson has shown us, a no-growth economy is the end result of a financialized economy. A financialized economy is one in which consumer income is diverted by debt expansion away from the purchase of new goods and services into debt service and fees–interest on mortgages, car loans, credit card debt, student loan debt. With such a large share of household income spent on debt service, little is left for driving the economy forward.
If American economists were capable of escaping from their neoliberal junk economics, they would realize that “the world’s largest economy” they attribute to the United States is total fiction. The fact is that the United States does not have an economy. Corporations driven by Wall Street located American manufacturing in Asia so that the One Percent could benefit from higher profits from lower labor costs, while the deserted city and states had to sell their income streams, such as Chicago’s parking meter revenues for 75 years, to foreigners for one lump sum payment to solve one year’s budget crisis.
The offshoring of American production, carried out under the cloak of “globalism,” destroyed the American economy and the tax bases of cities and states. While the real economy declines, the Democrat Party, seeking permanent power, has imposed a policy of open borders for immigrant-invaders. How are these millions of peoples to support themselves in an economy whose manufacturing has been moved abroad? How can a population, deserted by American corporations, that is experiencing debt deflation absorb the costs of support and social infrastructure for tens of millions of third world immigrant-invaders?
You will never hear it from the whores in the financial press, but the United States is on the precipice of economic and social collapse. And what are the fools in Washington doing? The idiots are ginning up wars with Russia, China, and Iran.
In 2020, under cover of the ‘virus’/‘vaccine’ narrative, the Global Elite launched its long-planned coup to capture total control of the human population.
Building on a history that dawned with human civilization some 5,000 years ago, and at least 50 years in the final planning, progressive efforts by elites in local, national and now the global context to kill off undesired populations and enslave those left alive are now culminating. See ‘The Final Battle for Humanity: It is “Now or Never” in the Long War Against Homo Sapiens’.
So let me briefly explain, again, exactly what is happening and why the most popular responses – lobbying governments, contesting elections or forming new political parties, legal challenges and protests (in one form or another) – by those concerned cannot succeed. And what we must do, if we wish to defeat this coup.
Under the overall title of the ‘Great Reset’, the World Economic Forum has launched a series of deeply interrelated agendas which will impose substantial changes on 200 areas of human life for those left alive.
These programs include efforts to develop and deploy relevant technologies – including those in relation to 5G (and, soon enough, 6G), military weapons, artificial intelligence [AI], digital identity, big data, nanotechnology and biotechnology, robotics, the Internet of Things [IoT], the Internet of Bodies [IoB], the Internet of Senses [IoS], quantum computing, surveillance and the metaverse – that will subvert human identity, human freedom, human dignity, human volition and/or human privacy. Among other adverse outcomes, these technologies will deprive us of control over our own banking and finances. See ‘Taking Control by Destroying Cash: Beware Cyber Polygon as Part of the Elite Coup’.
To reiterate: The net outcome of these programs will be a substantial human depopulation of Earth and the transhuman enslavement and imprisonment of those left alive, primarily in their ‘smart cities’.
Obviously, this is being done without any consultation with those of us who would identify as ‘ordinary’ people.
Who is Orchestrating This?
The coup has been planned by the Global Elite and its primary agents. It is being implemented through elite control of key international organizations (such as the World Health Organization and United Nations), relevant corporations (including those in the technology, pharmaceutical and media industries) and national governments.
The first point to note is simply this: The Global Elite is too wealthy and powerful to bother participating personally in well-known fora such as the World Economic Forum or even those that are less well-known such as the Council for Inclusive Capitalism. The people who ‘front’ organizations of this nature are elite agents. Wealthy and powerful, at one level, and happy to be publicly identified, but not the masters shaping our destinies, even if they work out many of the details. For one discussion of this, see ‘What Is The “Council For Inclusive Capitalism?” It’s The New World Order’.
So let me briefly explain, yet again, why governments, legal challenges and protests in their various guises cannot save us from what is happening, although the elite is delighted to have us waste our energy on such efforts, as they intend.
Constitutions, Governments and the Delusion of ‘Democracy’
While so-called democratic processes have long been a sham, even the sham elements of democracies – the constitutional separation of powers (the division of the legislative, executive and judicial functions of government supposedly to limit the possibility of arbitrary excesses by government), respect for human rights (including freedom of speech, assembly and movement), obedience of laws and adherence to legal process – have been ignored by virtually all governments (national, provincial and local) around the world as measures decided by the elite and promulgated through its international organizations such as the World Economic Forum and the World Health Organization have simply been implemented by governments despite violating constitutional provisions in various ways and without so much as a public (or, in many cases, even a parliamentary) debate.
To reiterate this point more bluntly: given the eminent roles being played by elite organizations such as the World Economic Forum and the World Health Organization in the past two-and-a-half years, do you have much sense that governments are adhering to national constitutions and making independent decisions? Or are they just following orders?
And despite supposedly having the right to ‘freedom of speech’, even dissenting politicians attempting to present an alternative view in any mainstream forum, and plenty of ‘progressive’ ones besides, leads to one of a range of outcomes such as, at their most benign, censorship – with corporate and major social media leading the way – or howls of accusation such as ‘conspiracy theorist’ and ‘anti-vaxxer’ to discredit the dissenting voice.
This has happened, of course, because politicians are not beholden to voters, which is why lobbying politicians is a waste of time, unless the issue is of little significance geopolitically, militarily, economically and environmentally. As implied above, the elite controls the political fate of politicians, most of whom are well aware that their political survival has nothing to do with pleasing ordinary voters. Politicians are beholden to the elite that manipulates levers of power such as the corporate media and education systems, employs an army of lobbyists to ensure that elite preference is clearly understood (while using bribes where necessary), and has ready access to removal options such as, at its most basic, withdrawal of preselection endorsement.
And Emanuel Pastreich makes a compelling argument that Shinzo Abe, the powerful immediate-past Prime Minister of Japan, suffered the same fate because of his ongoing resistance to fundamental elements of the Elite agenda. Moreover, there are other key political figures who are probably in this category, not to mention those sidelined rather than assassinated.
Abe was the highest ranking victim so far of the hidden cancer eating away at governance in nation states around the world, an institutional sickness that moves decision making away from national governments to a network of privately-held supercomputer banks, private equity groups, for-hire intelligence firms in Tel Aviv, London and Reston, and the strategic thinkers employed by the billionaires at the World Economic Forum, NATO, the World Bank and other such awesome institutions.
In parallel with the removal or sidelining of non-compliant leaders, elite wealth has long been deployed ‘to create invisible networks for secret global governance, best represented by the World Economic Forum’s Young Global Leaders program and the Schwarzman Scholars program. These rising figures in policy infiltrate the governments, the industries, and research institutions of nations to make sure that the globalist agenda goes forth unimpeded.’ See ‘The Assassination of Archduke Shinzo Abe: When the Globalists Crossed the Rubicon’.
As a result of formal political submission to the elite agenda, supposedly basic human rights – such as freedom of speech, assembly and movement – have been eviscerated under the various lockdown, curfew and martial law measures with many people attempting to exercise these rights quickly discovering that they no longer exist except, perhaps, in the very narrowest of circles or in particular contexts.
But perhaps constitutional lawyer John W. Whitehead, in collaboration with Nisha Whitehead, captures the true depth of what has transpired in these two paragraphs about the United States but equally applicable to other countries:
Not only have the federal and state governments unraveled the constitutional fabric of the nation with lockdown mandates that sent the economy into a tailspin and wrought havoc with our liberties, but they have almost persuaded the citizenry to depend on the government for financial handouts, medical intervention, protection and sustenance.
But ‘Big Brother’ isn’t the government. It is those elite figures who are largely, or completely, hidden from public view and about whom you hear nothing of substance, if you hear anything at all.
Still, this doesn’t stop their agents, such as those in the Council for Inclusive Capitalism, from telling you what they are doing. It’s just that not many people are paying attention.
As noted by Brandon Smith: ‘Members of the CIC, including the head of Bank of America, openly suggest that they don’t actually need governments to cooperate in order to meet their goals. They say corporations can implement most social engineering without political aid. In other words, it is the very definition of “shadow government” – A massive corporate cabal that works in tandem to implement social changes without any oversight.’ See ‘What Is The “Council For Inclusive Capitalism?” It’s The New World Order’.
While ‘the law’ and legal processes are shrouded in a delusion suggesting that they play a role in making societies ‘just’, in fact, it has long been known that elite control of governments ensures that laws are written to consolidate predatory corporate control and that elite control over legal systems ensures that they function to maintain elite power, corporate profit and the personal privilege of that tiny minority that benefits enormously from the global system of violence, exploitation and destruction.
In 1748, Baron de Montesquieu penned The Spirit of Laws in which he noted ‘There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice.’ Since that time, a notable and diverse series of authors starting well over 100 years ago, including Karl Marx, Leo Tolstoy and Mohandas K. Gandhi, have all written critiques exposing the injustice and violence of legal systems. Despite this, the delusion that the law is a neutral agency that delivers justice still widely prevails.
As a result, enormous time, energy and resources are wasted by fine, well-intentioned people who fail to make the distinction between what they have been led to believe and the truth: The legal system is designed to deliver an occasional win for justice in some relatively minor context in order to maintain the widespread popular delusion that ‘justice prevails’ while functioning to maintain elite social control over the population, oppress exploited constituencies and those who resist, and conceal and defend the vast network of elite and corporate criminality that pervades every facet of planetary life. This delusion is reinforced by films and television programs based on legal settings which often feature the ‘little person’ winning.
And this is why you have never heard the rallying cry ‘Fight for Justice: Abolish Legal Systems’.
If you think the law is really concerned with justice, then ask yourself why poverty and homelessness are not made illegal and those who suffer poverty and homelessness immediately provided with social housing and an adequate income. Of course, this would be easy if military budgets for killing were eliminated (and international conflicts were addressed meaningfully) or the estimated $US32 trillion of illegal wealth hidden in offshore tax havens was made available for the benefit of humanity. See ‘Elite Banking at Your Expense: How Secretive Tax Havens are Used to Steal Your Money’.
The bottom line is simple: The Global Elite operates beyond the rule of law. It will not be contained or held to account, in any way, by legal systems. Ever heard of a Rothschild, a Warburg, a Rockefeller or even a Windsor in court? Or organizations like the World Economic Forum and the United Nations?
Of course, there is no international legal infrastructure that can hold corporations or international organizations accountable in any meaningful way either.
Demonstrations, Blockades, Convoys and other Mass Mobilizations
If we do not thoroughly analyze a conflict, it is impossible to develop a sound strategy, which includes identifying the appropriate strategic foci for action, and then planning tactics that address each focus. This inevitably means that we are essentially guessing what to do, not knowing in advance, as we should, the nature of the strategic impact the action will have.
Moreover, guessing what action to take, usually on the basis of what is familiar or what feels good – perhaps because we get out with a bunch of ‘good people’ – virtually inevitably leads to poor choices like organizing a mass mobilization, in one form or another (whether with people, trucks, tractors…), focused on governments. And elite agents love ignoring these, as the long record demonstrates!
As former US Secretary of State Alexander Haig once noted about a massive anti-war demonstration: ‘Let them march all they want, as long as they continue to pay their taxes.’ See Alexander Haig. As a four-star general, Haig, not regarded as the most intelligent Secretary of State in US history, certainly understood the importance of tactical choice. Most activists have no idea.
Which illustrates why demonstrations are notoriously ineffective, as world history’s largest demonstration on 15 February 2003 – involving demonstrations in more than 600 cities around the world, involving up to 30,000,000 people, against the imminent US-led war on Iraq – see ‘The World Says No to War: Demonstrations against the War on Iraq’ – illustrated yet again.
The point is simple: Single actions and numbers are not determinative; strategy is determinative. Obviously, large gatherings, in whatever form they take, could be effective, if they were strategically focused – never on governments though. See ‘Why Activists Fail’.
In essence, if any gathering is to have any strategic value whatsoever, it must be used to raise awareness of strategic means of resistance.
So if we want to take action that will be strategically effective, we must identity an appropriate strategic goal for the context and then plan an action that will achieve that goal. Anything else is guesswork. See ‘Nonviolent Action: Why and How it Works’.
Resisting the Elite Agenda Effectively
If you have the thoughtful courage to strategically resist the ‘Great Reset’ and its related agendas, you are welcome to participate in the ‘We Are Human, We Are Free’ campaign which identifies a list of 30 strategic goals for doing so.
In addition and more simply, you can download a one-page flyer that identifies a short series of crucial nonviolent actions that anyone can take. This flyer, now available in 17 languages (Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Polish, Romanian, Russian, Serbian, Spanish & Slovak) with several more languages in the pipeline, can be downloaded from here: ‘The 7 Days Campaign to Resist the Great Reset’.
If strategically resisting the ‘Great Reset’ (and related agendas) appeals to you, consider joining the ‘We Are Human, We Are Free’ Telegram group (with a link accessible from the website).
And if you want to organize a mass mobilization in some form, at least make sure that one or more of any team of organizers and/or speakers is responsible for inviting people to participate in this campaign and that some people at the event are designated to hand out the one-page flyer about the campaign.
If you like, you can also watch, share and/or organize to show, a short video about the campaign here: ‘We Are Human, We Are Free’ video.
Finally, while the timeframe for this to make any difference is now in doubt, if you want to raise children who are powerfully able to investigate, analyze and act, you are welcome to make ‘My Promise to Children’.
Conclusion
As the elite is well aware, critiques of what it is doing and advice regarding effective strategy to defeat it are not sought by those who aren’t interested in analysis, understanding and strategic impact. And this information is easily suppressed so that few of those who might be interested ever hear of it.
Hence, a primary challenge is getting relevant information to those keen to resist in ways that make a difference.
At the moment, virtually all effort being spent by those opposed to the various mandates and restrictions on our freedom and other rights is, strategically-speaking, wasted.
And the time to resist effectively is running out fast.
So I gently encourage all of you resisting to spend some time evaluating what you are doing and consider participating in the alternative offered just above.
If human beings are to have a future worth living, we must take on the Global Elite directly and undermine their power to impose their agenda upon us. No one else can save us.
Biodata:Robert J. Burrowes has a lifetime commitment to understanding and ending human violence. He has done extensive research since 1966 in an effort to understand why human beings are violent and has been a nonviolent activist since 1981. He is the author of ‘Why Violence?’ His email address is flametree@riseup.net and his website is at http://robertjburrowes.wordpress.com
Watch the new video for “We Are Human We Are Free“:
Is Vladimir Putin preparing to cleanse Russia of Big Pharma shills (his entire cabinet)? Some seem to think so and there is certainly evidence that some kind of anti-shill crackdown is coming.
Russian President Vladimir Putin has criticized foreign drug companies for pushing their products through local medical institutions and via doctors in Russia using their deep-pocketed resources.
“Unfortunately, foreign pharmaceutical companies attracted some heads of our medical institutions, and medical workers in 30 regions. And they pushed their medicines [on to the Russian market], paying quite a lot of money for it. We saw that under just one scheme they doled out 500 million [rubles],” he said at a meeting with Yury Chikhanchin, Head of the Federal Financial Monitoring Service.
Putin noted that such practice also exists in the EU and worldwide.
“They do it everywhere. They do it in Europe and overseas too. This is how they operate,” he said.
Chikhanchin responded by saying his agency was working with the FSB to root out gratuitous Big Pharma grifting.
First of all: At the very least Putin deserves a golf clap for saying rude things about Big Pharma. No one loses points for doing that. So we salute you, Vladimir Putin. Keep it up.
At the same time: talk is cheap. If you’re going to launch a Novichok rocket at Big Pharma for “pushing their products through local medical institutions” (as TASS summarized) in 30 regions… this doesn’t exactly sound like the cleansing enema that Russia so desperately needs.
If Putin is sincere about expelling degenerate pill pushers from Russia, how far is he willing to go? Because in order to have a meaningful impact he’ll have to go pretty far. All the way, actually.
You need to cut the head off the snake. And the snake lives in Moscow. The snake has wrapped its slimly reptile-bod around various federal ministries. The snake is suffocating Russia at the highest levels of government.
That’s just a fact.
Maybe it’s time for a “performance review” at the Ministry of Health? (source)
If tomorrow the FSB announces it bagged the deputy director of a village clinic in Potato-Patch, Yakutia, this will not qualify as a successful crackdown on Big Pharma’s nefarious influence in Russia. It will qualify as a massive fail.
So which Big Pharma Strumpets should be Gitmo’d by the FSB? We’re so glad you asked.
All of the Important Russians who partied with Tedros and Big Pharma at the St. Petersburg International Economic Forum — straight to the gulag for some desperately needed rehabilitation.
And of course, no Big Pharma smackdown would be complete without frog-marching Madame Arbidol to the most remote Siberian penal colony. Sorry, we don’t make the rules.
Russia’s largest pharmaceutical firms also need to be put in the crosshairs. As we saw with Sputnik V, Russian drug companies enthusiastically collaborate with western pharmaceuticals to create horrific poisons for the masses. And the Russian government is invested in this gross cooperation — which is slightly discouraging?
Furthermore, the worst medicine-related grifting involves government contracts. And also: a lot of the pill peddling and unethical contracting isdone legally.
Putin demanded action against Western pharmaceutical companies that bribe our doctors. Tsargrad examined the problem and found out that this bribery is most often completely legal. To change the situation, you need to change the laws. […]
The peculiarity of Russia lies in the active participation of the state in the market of medical services. It is more profitable to get a big contract and relax than to work painstakingly with doctors, although this is not neglected either. Therefore, our “favorite” form of illegal cooperation of pharmaceutical companies with the heads of institutions and officials is to ensure victory in the auction.
So, for example, at the end of 2019, the head doctor of the republican oncological dispensary of the Ministry of Health of the Republic of North Ossetia-Alania was caught red-handed while receiving a bribe on an especially large scale. A few days before that, the head physician of the Penza Regional Oncology Center received a five-year sentence (as did the director of the pharmaceutical company who gave him the bribe). There are other precedents, many of them. […]
Of course, the problem raised by Chikhanchin and Putin concerns not only Western companies — the domestic pharmaceutical industry has adopted the worst habits of its “big brothers” and interacts with medical personnel no less successfully.
That sums up the situation pretty well, we think.
We welcome any and all efforts to make Russian healthcare less scammy and more healthy.
But let’s not forget that after two years of “public health measures” — two years of non-stop grifting and murderous lies — Russia now finds itself in a very, very deep hole — a hole dug by the Russian government. Go figure.
A population decline of more than 1 million people in 2021. The largest decline in decades. (source)
We should add that there are rumors on the Russian interwebz that several high ranking officials are under investigation as part of this alleged Big Pharma crackdown. We haven’t found anything substantial to support this claim but… fingers crossed?
Let’s see what the FSB cooks up. It’s 2022. Anything is possible.
Even atonement.
“I want to wish you success not only in the Russian market, but also in global markets, and express the hope that the new year will be favorable for your company and for solving the problems that we are now talking about,” Putin addressed the head of AstraZeneca.(source)
For those who don’t follow Riley on Telegram, he has recently been purged from PayPal – no doubt because he’s wrong about everything, and no threat to the establishment at all.
Riley Waggaman is your humble Moscow correspondent. He worked for RT, Press TV, Russia Insider, yadda yadda. In his youth, he attended a White House lawn party where he asked Barack Obama if imprisoned whistleblower Bradley Manning (Chelsea was still a boy back then) “had a good Easter.” Good times good times. You can subscribe to his Substack here, or follow him on twitter or Telegram.
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.
Globalization
The political pressures behind globalization and the creation of the World Trade Organization out of the Bretton Woods GATT trade rules with the 1994 Marrakesh Agreement, ensured that the advanced industrial manufacturing of the West, most especially the USA, could flee offshore, “outsource” to create production in extreme low wage countries. No country offered more benefit in the late 1990s than China. China joined WHO in 2001 and from then on the capital flows into China manufacture from the West have been staggering. So too has been the buildup of China dollar debt. Now that global world financial structure based on record debt is all beginning to come apart.
When Washington deliberately allowed the September 2008 Lehman Bros financial collapse, the Chinese leadership responded with panic and commissioned unprecedented credit to local governments to build infrastructure. Some of it was partly useful, such as a network of high-speed railways. Some of it was plainly wasteful, such as construction of empty “ghost cities.” For the rest of the world, the unprecedented China demand for construction steel, coal, oil, copper and such was welcome, as fears of a global depression receded. But the actions by the US Fed and ECB after 2008, and of their respective governments, did nothing to address the systemic financial abuse of the world’s major private banks on Wall Street and Europe , as well as Hong Kong.
The August 1971 Nixon decision to decouple the US dollar, the world reserve currency, from gold, opened the floodgates to global money flows. Ever more permissive laws favoring uncontrolled financial speculation in the US and abroad were imposed at every turn, from Clinton’s repeal of Glass-Steagall at the behest of Wall Street in November 1999. That allowed creation of mega-banks so large that the government declared them “too big to fail.” That was a hoax, but the population believed it and bailed them out with hundreds of billions in taxpayer money.
Since the crisis of 2008 the Fed and other major global central banks have created unprecedented credit, so-called “helicopter money,” to bailout the major financial institutions. The health of the real economy was not a goal. In the case of the Fed, Bank of Japan, ECB and Bank of England, a combined $25 trillion was injected into the banking system via “quantitative easing” purchase of bonds, as well as dodgy assets like mortgage-backed securities over the past 14 years.
Quantitative madness
Here is where it began to go really bad. The largest Wall Street banks such as JP MorganChase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather to inflate the value of their company stocks, so-called stock buy-backs, termed “maximizing shareholder value.”
BlackRock, Fidelity, banks and other investors loved the free ride. From the onset of Fed easing in 2008 to July 2020, some $5 trillions had been invested in such stock buybacks, creating the greatest stock market rally in history. Everything became financialized in the process. Corporations paid out $3.8 trillion in dividends in the period from 2010 to 2019. Companies like Tesla which had never earned a profit, became more valuable than Ford and GM combined. Cryptocurrencies such as Bitcoin reached market cap valuation over $1 trillion by late 2021. With Fed money flowing freely, banks and investment funds invested in high-risk, high profit areas like junk bonds or emerging market debt in places like Turkey, Indonesia or, yes, China.
The post-2008 era of Quantitative Easing and zero Fed interest rates led to absurd US Government debt expansion. Since January 2020 the Fed, Bank of England, European Central Bank and Bank of Japan have injected a combined $9 trillion in near zero rate credit into the world banking system. Since a Fed policy change in September 2019, it enabled Washington to increase public debt by a staggering $10 trillion in less than 3 years. Then the Fed again covertly bailed out Wall Street by buying $120 billion per month of US Treasury bonds and Mortgage-Backed Securities creating a huge bond bubble.
A reckless Biden Administration began doling out trillions in so-called stimulus money to combat needless lockdowns of the economy. US Federal debt went from a manageable 35% of GDP in 1980 to more than 129% of GDP today. Only the Fed Quantitative Easing, buying of trillions of US government and mortgage debt and the near zero rates made that possible. Now the Fed has begun to unwind that and withdraw liquidity from the economy with QT or tightening, plus rate hikes. This is deliberate. It is not about a stumbling Fed mis-judging inflation.
Energy drives the collapse
Sadly, the Fed and other central bankers lie. Raising interest rates is not to cure inflation. It is to force a global reset in control over the world’s assets, it’s wealth, whether real estate, farmland, commodity production, industry, even water. The Fed knows very well that Inflation is only beginning to rip across the global economy. What is unique is that now Green Energy mandates across the industrial world are driving this inflation crisis for the first time, something deliberately ignored by Washington or Brussels or Berlin.
The global shortages of fertilizers, soaring prices of natural gas, and grain supply losses from global draught or exploding costs of fertilizers and fuel or the war in Ukraine, guarantee that, at latest this September-October harvest time, we will undergo a global additional food and energy price explosion. Those shortages all are a result of deliberate policies.
Moreover, far worse inflation is certain, due to the pathological insistence of the world’s leading industrial economies led by the Biden Administration’s anti-hydrocarbon agenda. That agenda is typified by the astonishing nonsense of the US Energy Secretary stating, “buy E-autos instead” as the answer to exploding gasoline prices.
Similarly, the European Union has decided to phase out Russian oil and gas with no viable substitute as its leading economy, Germany, moves to shut its last nuclear reactor and close more coal plants. Germany and other EU economies as a result will see power blackouts this winter and natural gas prices will continue to soar. In the second week of June in Germany gas prices rose another 60% alone. Both the Green-controlled German government and the Green Agenda “Fit for 55” by the EU Commission continue to push unreliable and costly wind and solar at the expense of far cheaper and reliable hydrocarbons, insuring an unprecedented energy-led inflation.
Fed has pulled the plug
With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.
US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above “junk” status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.
The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.
As US economist Doug Noland recently noted, “Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”
The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely.
Deleveraging the bubble
With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.
By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.
Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.
Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.
The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets—government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise , loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”
As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.
After the Crash 