“The powerful are panicking, and so they should. Their secrets are leaking.” —Miranda Devine
“It’s all just snake oil. We want to save the planet, and the life upon it, but we’re not willing to pay the price and bear the consequences. So we make up a narrative that feels good and run with it.” — Raul Ilargi Meier
“2023 could be a pivotal year for the USA if the pervasive lying can be exposed, digested, and believed. All that exposure has to happen amidst continuing boondoggles toward the Great Reset agenda.” – Truman Verdun
“More borrowing only ever makes sense if you are expecting a larger economy in the future. All economic expansion is based on energy. Countries with energy can expand, those without cannot.” — Chris Martenson
“To be an enemy to America can be dangerous, but to be a friend is fatal.” — Henry Kissinger
“The incorrect narrative provided by mainstream media (MSM) is that climate change is our worst problem. To lessen this problem, citizens need to move quickly away from fossil fuels and transition to renewables. The real narrative is that we are running short of fossil fuels that can be profitably extracted, and renewables are not adequate substitutes. However, this narrative is too worrisome for most people to handle.” — Ugo Bardi
It’s hard to contemplate 2023 without spiraling into nausea, tachycardia, and cold sweat. But it is an inescapable duty here to lay out the probabilities ahead. I’ve been doing this forecast thing for some years now, and, of course, I am often wrong, so take some solace in that and relax. Maybe the new year will be all unicorns, rainbows, talking gerbils, and candied violets.
2022 sure was a cold shower. The long emergency I talk so much about finally got up to cruising speed, with the ectoplasmic “Joe Biden” revving our country into economic, political, and cultural collapse — a hat-trick of calamity — and he did it more swiftly and directly than any emperor managed in late-day Rome, with policies and actions 180-degrees contra to America’s public interest — cheered on by a thinking class that had obviously lost it consensual mind.
Was the governing strategy simply to do the opposite of what the loathed and detested Mr. Trump would do? Could it be that simple or that automatic? The thinking class’s eyes have a zombified glaze these days. It’s obvious, you might agree, that “Joe Biden” is not in charge of anything, really. He’s an animatronic figure programmed to read a teleprompter and not much else. Half the time, he can’t even find his way off-stage after doing that one trick. The claque pulling his strings just may be the crew you see around him (you know, WYSIWYG): Susan Rice, Ron Klain, Jake Sullivan, Antony Blinken, Victoria Nuland, and company. Ms. Rice has kept herself completely hidden backstage at the White House for two years. Nobody ever hears about her or sees her. Weird, a little bit, for the Director of the Domestic Policy Council.
Or else, are there puppeteers deeper in the shadows, say, “JB’s” former boss Barack Obama, Der Schwabenklaus and his WEF retinue, Bill Gates and other tech billionaires, the “systemically important” bankers, George Soros…? Or some coven of super-elite warlocks we’d never heard of? The US leadership dynamic is truly mystifying and has been for two whole years. Will mysteries be revealed in 2023? Personally, I think so. Things are lining up in that direction, though who knows whether the damage can even be reversed at this point. And now onto the shape of things to come….
Economy
All you can really say is that the folks running things have hijacked every module of our nation’s interests and tilted them down into decadence and ruin. They’ve tanked whatever’s left of the US economy with an array of surefire idiotic maneuvers. By spending trillions of dollars that don’t exist to buy votes, they’ve inflated away our money’s purchasing power — an Econ 101 level mistake. The “Green New Deal” is a swindle, an out-front, in-your-face nefarious operation to subvert Western Civ by the WEF, and its stooges — laid out explicitly in its house publications.
There is no way we can run our society as currently outfitted on any combination of alt.energies. All the Greenies can really accomplish with this crusade is to destroy the complex systems we rely on faster than would happen in the normal course of things, foreclosing any chance of an orderly retreat to a plausibly downscaled arrangement for daily life. We are exiting the current system anyway, like it or not — the longstanding thesis of The Long Emergency.
This gets to the heart of the conundrum we face. Ill-intentioned as the WEF and its allies may be, the world is heading toward a Great Re-set. The catch is, it won’t be the WEF’s version of it, their schematic techno-nirvana with a tiny comfortable elite lording over the bug-eating hoi-polloi. They somehow miss the glaring point that the energy required to run their precious transhuman tech won’t be there. By the way, the WEF’s core idea of central control by a coordinated world government is at odds with the core reality of the times ahead, which is that life is about to get much more local and downscaled — the exact opposite of centralized. Everything organized at the giant scale is veering into failure: empires, global corporations, hypertrophic cities, giant universities, giant farms, you name it. Their business models are broken. The activities these things represent have to get smaller, finer, and more regional. Depending on what we’re able to salvage and re-purpose from the fabricated leftovers of Modernity, we’ll be lucky to land back in life lived at the level of the early 1800s. Or else, if we really mess up, we’ll plunge haplessly into a dark age in a resource-stripped world.
The “Green New Deal,” based on a combination of wishful thinking and self-destructive malice, includes the deliberate undermining of what’s left of America’s oil industry by cancelling pipelines, drilling licenses on public lands, draining the strategic petroleum reserve, and other efforts to sabotage what’s left. America still has a lot of oil in the ground, yet much of it is hard to get at and uneconomical to produce at the scale required. It’s a money-loser, and losing money consistently doesn’t pencil out for any real business.
This hard reality is especially true of shale oil, which had a good run production-wise 2009 to 2022, though the producers could barely make a dime at it. The shale oil “miracle” was largely a byproduct of near-zero interest rates. Investors flocked to it after 2009 because they couldn’t get any yield from bonds. Shale oil was played-up as a sure thing. It took investors a decade, and over a hundred oil company bankruptcies, to catch on — and now shale oil can’t attract enough new investment to keep up the giant operations at scale. The main shale oil regions, the Permian Basin in Texas and the Bakken fields of North Dakota, have entered permanent decline as they run out of “sweet spots” to drill and frack. Considering the new era of capital scarcity ahead, money for shale oil companies will be even harder to get and we’ll get less shale oil every year, while conventional oil continues its own remorseless decline. The catch here is that oil prices are just as likely to go down as up because the foundering economy creates substantial demand destruction — meaning that customers drop out of the market.
Natural gas involves similar dynamics. There seems to be a lot of it for now in the Marcellus formation spread over Pennsylvania, Ohio, West Virginia, and into New York (where fracking has been prohibited for years). Natgas is very useful for electric generation, home heating, and some manufacturing, but not so much for transportation. Shale gas production is also based on “sweet spots” for drilling and there are fewer of them every year. The depletion curve for natgas is even more extreme than it is for oil: the flow stops all at once. The early shale gas plays in the southern US — Haynesville, Fayetteville, Barnett — have been in decline for years. As with shale oil, producing shale gas is expensive, with all the trucks ceaselessly delivering sand, water, and fracking chemicals to the drilling pads, and then transporting waste liquids off-site. Prediction: in 2023, we’ll hear the first rumblings about “nationalizing the oil industry,” which will be a giant step toward killing it altogether, given the all-around incompetence of government.
The strategy of changing out oil-based cars and trucks for electric vehicles (EVs) is a loser on several counts beyond the disruption and instability facing US oil production. One, it’s premised on the fantasy that we can continue living in a suburban sprawl arrangement by other means. Two, the electric grid is too inadequate and fragile to support the charging of so many millions of EVs in addition to everything else we ask it to do. Three, the middle class is being decimated, so there are fewer credit-worthy customers for cars priced out of their shrinking budgets anyway. Four, far less capital will be available for consumer loans. The car industry itself may not survive the re-possession orgy coming in 2023 for defaulted auto loans. That shortfall will infect banking, too. The economy is already hurting. The “Green New Deal” will cut its wobbly legs off.
Similarly, the new mandates against the use of nitrogenous fertilizers (made from natgas). European countries are already on-board with this WEF folly. The Netherlands, Europe’s leading food producer, is going so far as to forcibly shut down thousands of farms and limit fertilizer use on the remaining ones. Germany is likewise limiting fertilizers. Canada fell in line next. Prediction: in early 2023, “Joe Biden” will set in motion anti-fertilizer policies in the US. There will be plenty of squawking in the big farming states, rising to angry protests. The tractor convoys may invade Washington. The situation sets up a grim prospect for the US food supply: scarcity, high prices, and hunger ahead.
The Ukraine bread-basket is out of the picture in 2023, unless military action ends well before planting season. Thanks to “Joe B’s” stupid sanctions policy, a more vulnerable Europe can’t depend on Russia, another world-leading grain producer. By summer, the projected harvests all over Western Civ will be inadequate to feed the existing populations. Routine grain exports to the poor nations of the “global south” will stop and a lot of people will starve in those countries. By then, it will be too late to fix anything. The price of food will soar throughout Western Civ, aggravating other economic crises that will amount to metastasizing poverty. Populations will get very restless. Governments will fall (candidates: France, Germany, UK, Australia, the USA). In some places they will not recover in their prior form.
As a general proposition, Globalism is done. That got that underway in earnest with the Covid shut-downs. Now, geopolitical friction gets worse and trade relations deteriorate further. There will still be trade between nations, but much reduced. Global supply chains are already wrecked, especially for specialized mechanical replacement parts and electronic components. It will be harder to fix cars, trucks, turbines, really any sort of machine, including computers and things run by them. A lot of commercial activity will just stop.
Europe has already blundered into buying its one-way ticket to Palookaville. Germany and the rest paid for that ticket by going along with feckless US policy to “weaken” Russia with sanctions (mission not accomplished). The coup de grace was the US wrecking the Nord Stream pipelines. So, Euroland has inadvertently decided to ditch its industrial base, which means they go medieval or worse. They have committed economic suicide. They’d better hope reincarnation is for-real. Anyway, they’re not coming back from this fiasco the way they went into it, that is, the way things were. When the shock of winter is over in early 2023, strife will be the new leitmotif in the Old World. People grow desperate in the six-weeks-wont of springtime. Nations crack up.
America’s economy largely hinges on finance now that financialization replaced manufacturing as the basis for prosperity. Alas, financialized prosperity is false prosperity, since it consists mainly of borrowing ever greater amounts of money to keep up the mere appearance of prosperity. In real life, prosperity requires producing things of value, not just trading increasingly abstract financial instruments purporting to represent money. I’ve discussed this enough in books, prior blogs, and previous forecasts. Suffice it to say we’ve run out the string on this stunt. All we’re left with now is the debt markers, documents that purport to represent wealth. The collateral is all the stuff we produced previously that is still standing: buildings, developed properties, public works. A lot of this stuff is deteriorating quickly, losing its value — for instance the tens of millions of suburban houses built with shitty, short-lived materials like strand-board and vinyl… all the cars….
Financialization led to the current inflation in our debt-based money system. More borrowing becomes more money going into existence, chasing a declining amount of goods as production falls off and supply lines choke. Services also suffer. People can’t afford to eat out, get acupuncture, visit hair-dressers. When the inflation is bad enough, say more than ten percent annually, it will cause enough economic damage to provoke a big contraction in activity, bringing on a deluge of loan defaults on mortgages, car payments, and corporate obligations. Loan defaults cause money to disappear from the system. This flips inflation into deflation. The bond-market is blowing up as this occurs, because bonds are debts and they’re not being serviced or paid-off. The imploding bond market infects the stock markets and they crash, too.
Before long, nobody has money, except people who invested in gold and silver. Prediction: the change-over from inflation to deflation comes in summer of 2023 and gathers momentum into the fall. The implosion leads to economic conditions worse than the Great Depression of the 1930s because our social and family arrangements have disintegrated along with our towns and cities. Civil disorder ignites. The government attempts lockdowns, but this time without a disease to blame it on. It’s no longer safe to be a politician.
The Covid-19 Story Backfires Badly and Hell Breaks Loose
Against the backdrop of a developing economic depression, the public can no longer avoid seeing the calamity that the mRNA vaccines have instigated. Early death is in the news daily now and from exactly the adverse effects that have been derided as “conspiracy theory” by public health experts since 2021: myocarditis, blood clots, organ damage, neurological illness, unusually aggressive cancers, damaged immune systems. Meanwhile, America’s public health aristocracy — Dr. Tony Fauci, Rochelle Walensky, Francis Collins, Deborah Birx, Surgeon General Vivek Murthy, and many, many others will be compelled to testify under oath before newly re-constituted House committees and finally answer for all their dishonesty in the Covid-19 response saga. They lied about everything, especially the “vaccines?” It will go worse for them as public sentiment turns from submission to official bullshit to rage over a deadly fraud.
By then, the past efforts of this gang to mislead the public on Twitter and other social media will be well-documented. The exposed slime-trail of money and corruption between Pharma and federal bureaucrats will finally make an impression on the long-bamboozled nation. The mainstream media will be dragged into this morass and the public will begin to understand how the newspaper editors and TV news producers, too, were bought off by Pharma and controlled by the national security state to pimp for the Democratic Party and globalist interests outside the USA. This exposure could be the end of the great legacy news organs, The New York Times and the rest of the gang. Their executives will have to testify along with everyone else. They might not be prosecuted — in a gesture of respect for the First Amendment — but rather will suffer badly from their loss of credibility.
All of this will aggravate the animus against the government and the Democrat Party’s “Joe Biden” regime — which will be under assault from separate inquiries into the Hunter Biden laptop and its abundant evidence of bribery and treason, and hearings about the wide-open border, payments to Ukraine, and the gestapo-like behavior of the FBI.
Here’s a scenario for you: The Justice Department will be drowning in criminal referrals. The FBI will be in a state of paralysis, unable to carry out more insults against US citizens as its systematic crimes are revealed. When the DOJ dithers about bringing action, the public will be even more enraged. The current Attorney General, Merrick Garland, gets dragged into Congress to answer for his misconduct and the resulting humiliation will run him out of office. “Joe Biden” may be forced to resign, drowned in a sea of troubles and scandals revealed. A deal will be made to let Veep Kamala Harris off the hook in exchange for her resignation.
That will leave the Republican Speaker of the House, whoever it is, to become president. He will fire every political appointee in the executive branch and replace them with people who will follow the law. It will look like a promising return to decency and the rule of law. But the damage to America’s prestige will have been so gross by then that the federal government has lost legitimacy. The financial crisis, meanwhile, puts the government into something that smells like bankruptcy. The country is in a ferocious depression, the people have no money, but neither does the government. Real authority devolves to states and localities. The playing out of these dynamics also depends on what is happening outside the USA.
Europe in Macro
Don’t forget, Europe, the west end of the Eurasian landmass, used to be an important part of the world, with an aggregate GDP greater than even the USA’s or China’s. Europe is the birthplace of Western Civ, a division of the human project the past few thousand years that yielded tremendous advances in science, art, music, philosophy, and organized intelligence generally. Now it is on the rocks. Europe, in the aggregate, as represented, say, by the European Union, or NATO, made a grave error going along with the USA’s foolish Neocon project to make a heap trouble in Ukraine in order to “weaken” Russia.
Russia was no longer a threat to the USA after 1991. Once the USSR was done as a political entity, and after Russia recovered from the daze of collapse, it wanted to be treated by the West as a normal European nation. Russia became a market economy, like all the others in Europe. It held elections like the others, had a legislature, a new body of property law, a private news media, regular banks, and all the other trappings of modern political normality. Russia even requested early-on to become a member of NATO. The USA and Europe refused NATO membership, but also refused to admit Russia into European normality. Instead, led by the USA, the West conducted an asset stripping operation which hampered Russia’s redevelopment.
Otherwise, the West mostly ignored Russia, and in spite of all that Russia got back on its feet, got some industries going, especially oil-and-gas, and enjoyed two decades of relative stability. Russia eventually began reaching out in the world and made trade agreements with other countries. It built those Nord Stream gas pipelines. It organized a regional “customs union” among its Eurasian neighbors that functioned rather like the Eurozone.
As that was all happening — pay attention — around 2010 then-Secretary of State Hillary Clinton sat on a State Department’s Committee on Foreign Investment in the United States (CFIUS) that threatened to block the sale of a Canadian company, Uranium One, to Rosatom, the Russian State Atomic Energy Corporation, on the grounds that Uranium One’s assets included 20-percent of the USA’s uranium supply. Selling all that American uranium to Russia looked kind of bad, you’d think, and you’d be right. But then, suddenly, about $150-million dollars poured into the Clinton Foundation — much of it from Uranium One’s owner, one Frank Giustra — plus Bill Clinton happened to get a half-million dollar speaking gig in Russia, and… whaddaya know, CFIUS ended up approving the sale. The public hardly heard a peep about it. (Where was the US new media?)
During that same period, Hillary Clinton also helped facilitate the transfer of American bio-medical, nuclear, and Info technology to the high-tech consortium called Skolkovo, Russia’s version of Silicon Valley. Much of the tech at issue was dual-use, good for civilian and military applications. Again, tens of millions of dollars gushed into the Clinton Foundation from the corporate participants in the Skolkovo deal. Crickets from the news media again.
In 2011, relations between the US and Russia soured when President Putin accused the US of fomenting protests in Russia over its parliamentary elections. And from there, our State Department decided that Russia and the USA could not even pretend to be friendly.
Jump ahead to 2014: Neocons in the Obama administration figured it was time to cut Russia back down to size. That effort crystalized around the former Soviet province, Ukraine, and blossomed into the US-sponsored-and-organized Maidan Revolution, utilizing Ukraine’s sizeable Stepan Bandara legacy Nazi forces in the vanguard, to foment violence in Kiev’s main city square. The US shoved out elected Ukraine President Yanukovych — who angered America by pledging to join Russia’s Custom’s Union instead of the EU — and installed its own puppet Yatsenyuk, who was ultimately replaced by the candy tycoon, Poroshenko, replaced by the Ukrainian TV star, comedian Volodymyr Zelensky. Ha Ha. Who’s laughing now? (Nobody.)
From 2014-on, Ukraine, with America’s backing, did everything possible to antagonize Russia, especially showering the eastern provinces of Ukraine, called the Donbas, with artillery, rockets, and bombs to harass the Russia-leaning population there. After eight years of that, and continued American insults (the Steele Dossier, 2016 election interference), and renewed threats to drag Ukraine into NATO, Mr. Putin had enough and launched his “Special Military Operation” to discipline Ukraine. Once that started, American Defense Secretary Lloyd Austin stated explicitly to the world that America’s general policy now was to “weaken Russia.”
That declaration was accompanied by America’s policy to isolate Russia economically with ever more sanctions. Didn’t work. Russia just turned eastward to the enormous Asian market to sell its oil and gas and utilized an alternate electronic trade-clearance system to replace America’s SWIFT system. Sanctions also gave Russia a reason to aggressively pursue an import-replacement economic strategy — manufacturing stuff that they had been buying from the West, for instance, German machine tools critical for industry.
Russia did sacrifice more than $50-billion in financial assets stranded in the US banking system — we just confiscated it — but, ultimately, that only harmed the US banking system’s reputation as a safe place to park money, and made foreign investors much more wary of stashing capital in American banks. Net effect: the value of the ruble increased and stabilized, and Russia found new ways to neutralize American economic bullying.
Europe was the big loser in all that. For a while, Europe could pretend to go along with the US / NATO project, pouring arms and money into Ukraine, and at the same time depend on Russian oil and gas imports. Eight months into the Ukraine-Russia conflict, the US blew up the Nord Stream One and Two pipelines, and that was the end of Europe’s supply of affordable natgas, to heat homes and power industry. In a sane world, that sabotage would have been considered an act of war against Germany by the USA. But it only revealed the secret, humiliating state of vassalage that Europe was in. Europe had already made itself ridiculous buying into the hysteria over climate change and attempting to tailor its energy use to so-called “renewables” in history’s biggest virtue-signaling exercise. Germany, the engine of the EU’s economy, made one dumb mistake after another. It invested heavily in wind and solar installations, which fell so short of adequacy they were a joke, and it closed down its nuke-powered electric generation plants so as to appear ecologically correct.
So now, Germany, and many other EU member states, teeter on the edge of leaving Modernity behind. They managed to scramble and fill their gas reserves sufficiently this fall to perhaps squeak through winter without freezing to death, but not without a lot of sacrifice, chopping down Europe’s forests, and wearing their coats indoors. Now, only a few days into Winter, it remains to be seen how that will work out. We’ll know more in March of the new year. France had been the exception in Europe, due to its large fleet of atomic energy plants. But many of them have now aged-out, some shut down altogether, and “green” politics stood in the way of replacing them, so France, too, will find itself increasingly subject to affordable energy shortages.
Prediction: Europe’s industry will falter and close down by painful increments. The EU will not withstand the economic stress of de-industrialization. It will shatter and leave Europe once again a small continent of many small fractious nations with longstanding grudges. Some of these countries may break-up into smaller entities in turn, as Yugoslavia, Czechoslovakia, and Russia did in the 1990s. Keep in mind, the macro trend world-wide will be downscaling and localization as affordable energy recedes for everyone. Since the end of World War Two, Europe was the world’s tourist theme park. Now it could go back to being a slaughterhouse. The Euro currency will have to be phased out as sovereign bankruptcies make the EU financial system untenable, and animosities and hostilities arise. Each country will have to return to its traditional money. Gold and silver will play a larger role in that.
The USA poured over $100-billion into Ukraine in arms, goods, and cash in 2022. That largesse will not continue as America sinks into its Second Great Depression. In any case, much of that schwag was fobbed off with. The arms are spent, the launchers destroyed. A lot of weapons were trafficked around to other countries and non-state actors. Russia is going to prevail in Ukraine. The news emanating from American media about Ukraine’s military triumphs has been all propaganda. There was hardly ever any real doubt that Russia dominated the war zone strategically and tactically. Even its withdrawals from one city or another were tactically intelligent and worthwhile, sparing Russian lives. The Special Military Operation wasn’t a cakewalk because Russia wanted to avoid killing civilians and refrain from destroying infrastructure that would leave Ukraine a gutted, failed state. Over time, the USA proved itself to be negotiation-unworthy, and Ukraine’s president Zelensky refused to entertain rational terms for settling the crisis. So, now the gloves are off in Ukraine. As of December 29, Russia shut off the lights in Kiev and Lvov.
The open questions: how much punishment does Ukraine seek to suffer before it capitulates? Will Zelensky survive? (Even if he runs off to Miami, he may not survive.) What exactly will be left of Ukraine? In 2023 Russia will decide the disposition of things on-the-ground. Failed states make terrible neighbors. One would imagine that Russia’s main goal is to set up a rump Ukraine that can function, but cease to be an annoying pawn of its antagonists. Ukraine will no longer enjoy access to the Black Sea; it will be landlocked. The best case would be for Ukraine to revert to the agricultural backwater it was for centuries before the mighty disruptions of the modern era. Perhaps Russia will take it over altogether and govern it as it had ever since the 1700s — except for Ukraine’s brief interlude post-USSR as one of the world’s most corrupt and mal-administered sovereign states.
Bottom line: Ukraine is and always was within Russia’s sphere-of-influence, and will remain so. The USA has no business there and it will be best for all concerned when we bug out. Let’s hope that happens without America triggering a nuclear World War Three. (Yeah, “hope” is not a plan. Try prayer, then.) Mr. Putin’s challenge going into 2023 is to conclude the Ukraine hostilities without humiliating the USA to the degree that we do something really stupid.
Asia
The enormous region where most of the world’s people live is swirling with quickly changing dynamics. It’s hard to tell what kind of shape China is actually in at the close of 2022. The CCP capitulated on its extreme lockdown policy and now the country seems gripped by a new and severe outbreak of the Covid virus. It’s killing a lot of people, including quite a few higher-ups in the CCP. The world saw the beginning of a popular revolt in China through the fall of 2022 as demonstrations erupted. The political side remains opaque.
The economic side, less so. China’s wealth since year 2000 has derived from its immense factory capacity and cheap labor force. Globalism is wobbling, and with that the world’s supply line network. If trade relations with the USA continue to sour, both China and the USA will suffer. China will find itself at over-capacity, even for the giant Asian market. And they are competing with several other quickly-industrialized nations in the south, plus India, plus the old stalwarts South Korea and Japan.
The main problem for China, and indeed all the Pacific Rim nations on the Asian side: energy. China doesn’t have very much oil in the ground and is utterly dependent on imports. It has a lot of low-quality coal. It’s building coal and nuke plants like mad. Will that suffice? Electricity is great, but you need fossil fuels to run heavy industries. In the great shiftings of 2022, China made deals for getting more oil and gas from Russia. That might work for a while. But Russia’s energy resources are probably near peak production now. What happens on the way down from that peak? Maybe Russia will be less avid for sharing its fossil fuels with its neighbors. Maybe that will cause political friction. Maybe a desperate China will reach out and try to grab resources from Russia’s vast Siberian territories? Not next year, though….
The Neocon-led US foreign policy establishment is insane for sure, but the CCP is only not-crazy during times of great stability. Throw in some popular dissent and some economic distress, and the CCP could go cuckoo. Uncle Xi shows very Mao-like tendencies for creative despotism. The party must have a long game for Taiwan, but a distressed and crazed CCP, and an agitated Uncle Xi, could turn that into a short game out of desperation — and then what? We’d have two really crazed governments, the USA and China, ginning up the Eastern theater of World War Three. The upshot of predicament depends to some extent on how delicately Mr. Putin can organize America’s exit from Ukraine.
Prediction: For 2023 internal friction will preoccupy China as it attempts to square its operations with those pressing trends of our time: downscaling and relocalization. All this could easily lead to regional strife in China. For decades, the CCP has been the glue between its disparate peoples. It may prove to not be superglue.
Japan remains as enigmatic as ever. It has drifted economically for nearly forty years. Now it looks like it’s drifting into a sovereign bankruptcy as it loses control of its deeply-gamed bond markets. I’ll stick to my old predication that Japan is en route to going medieval. Its pre-industrial culture was very charming and worked well for long periods of history. Industrial modernity demoralized them. Japan imports all its oil. Without it, you can’t even begin to run a modern war machine, so there won’t be a second reaching-out for resources as in the 20th century. The Japanese will not be alone in the new medievalism when this era completes itself.
The Deep State, an Appreciation
America is at a crossroads, a threshold, a tipping point. Every vital institution in the land has been at least partially wrecked, most especially the ones in charge of the rule of law, which was the best thing we had going for us. The Deep State is for real — the weaponization of a national bureaucracy against the nation itself. Yet, it’s certainly not just an American thing; it’s happening across Western Civ. Is it some natural process of self-destruction? An auto-immune disorder of a giant cultural organism, with parts attacking the whole? The USA, Great Britain, Canada, and Australia took such special pride in being open societies and now they are consumed in censorious lunacy. Continental Europe had a sketchier history with liberty, the enlightened individualism of Everyman, though they actually birthed its principles. But now the whole works is infected and ailing, and by what? It’s as if some cosmic spike protein came among us all and got into our hearts.
Most major religions feature some version of the idea of death-and-rebirth, and it’s a fact that we see ourselves embedded in cycles, especially seasons. Things turn and return, are born, develop, degenerate, pass away. This was the brilliant application of Strauss and Howe’s Fourth Turning theory to the study of history, and by those terms we are have entered a deep secular winter of the human project. One can appreciate how the onset of winter spooked our prehistoric ancestors. They developed their prayerful ceremonies for bringing back the sun, and warmth, and new growth, dancing around the fire in the skins of animals, often making blood sacrifices to the mysterious forces in charge of… everything. The modern way of reenacting all that seems to be industrial-strength warfare. Many of us are praying right now that we don’t have to go through that.
More likely, I think, we’ll forego the nuclear fire and simply go through a collapse of the socioeconomic organization that our governance rests on, and the Deep State illness with it. It’ll come with plenty of hardship, but it will purge the poisons that have disordered us, and when we get through it, we’ll make new arrangements for daily life. For some years, I’ve been calling this process a long emergency, and now we seem to be right in the thick of it. I believe in the natural process called emergence. Systems transform themselves organically from one state to another when acted upon by the circumstances of time and place. The outcome is usually a surprise, and not all surprises are bad. So, adios 2022 and hello little baby 2023. Lead us where you will and let’s go forward into it bravely. As Bob said so many years ago, it’s all right, Ma. It’s life and life only….
Clearly, if this prediction is to come true, then many things must happen. Let me identify why the World Economic Forum believes it will happen and then investigate these claims. Among other questions, I will examine whether those who will own nothing will include the Rothschild, Rockefeller and other staggeringly wealthy families. Or, perhaps, whether they just mean people like you and me.
In fact, a primary intention behind the Elite’s ongoing technocratic coup, initiated in January 2020, is to trigger a process of depopulation, as well fundamentally reshape world order including by turning those humans left alive into “transhuman slaves”, drive the global economy to collapse and implement the final redistribution of global wealth from everyone else to this Elite.
Let me start with the briefest of histories so that what is happening can be understood as the ultimate conclusion of a long-standing agenda, identify who I mean by the ‘Global Elite’ (and its agents), then present the evidence to explain how this is happening and, most importantly, a comprehensive strategy to defeat it.
Needless to say, in the interests of keeping this study manageable, many critical historical events – including how imperialism and colonialism, the international slave trade, a great number of wars and coups, Wall Street support for the Bolshevik Revolution in Russia in 1917 and precipitation of the Great Depression in 1929, were used to advance the Elite program – are not addressed in this investigation. But for accounts of the latter two events which provide evidence consistent with the analysis offered below, see Wall Street and The Bolshevik Revolution and The Secrets of the Federal Reserve.
A Brief Economic History
Following the Neolithic revolution 12,000 years ago, agriculture allowed human settlement to supersede the hunter-gatherer economy. However, while the Neolithic revolution occurred spontaneously in several parts of the world, some of the Neolithic societies that emerged in Asia, Europe, Central America and South America resorted to increasing degrees of social control, ostensibly to achieve a variety of social and economic outcomes, including increased efficiency in food production.
Civilizations emerged just over 5,000 years ago and, utilizing this higher degree of social control, were characterized by towns or cities, efficient food production allowing a large minority of the community to be engaged in more specialized activities, a centralized bureaucracy and the practice of skilled warfare. See ‘A Critique of Human Society since the Neolithic Revolution’.
With the emergence of civilization, elites of a local nature (such as the Pharoahs of Egypt), elites with imperial reach (including Roman emperors), elites of a religious nature (such as Popes and officials of the Vatican), elites of an economic character (particularly the City of London Corporation) and elites of a ‘national’ type (especially the monarchies of Europe) progressively emerged, essentially to manage the administration associated with maintaining and expanding their realms (political, economic and/or religious).
The Peace of Westphalia in 1648 formally established the nation-state system in Europe. Enriched by the long-standing and profitable legacy of their control over local domestic populations, support for the imperial conquest of non-European lands, colonial subjugation of indigenous peoples and the international slave trade, European elites, backed by military violence, were able to impose a long series of changes over national political, economic and legal systems which facilitated the emergence of industrial capitalism in Europe in the 18th century.
These interrelated political, economic and legal changes facilitated scientific research that was increasingly geared towards utilizing new resources and technological innovation that drove the ongoing invention of machinery and the harnessing of coal-fired power to make industrial production possible.
Beyond this, and following several centuries of more and less formal versions of it, Elite political and economic imperatives drove the ‘legal’ enclosure of the Commons to force people off their land and into the poorly-paid labour force needed in the emerging industrial cities. In these cities, an ongoing series of developments in the organization of work in factories, electrification, banking, and other changes and technologies dramatically expanded the gap between rich and poor. Along with subsequently imposed changes to education and, later, healthcare, national economies and the global economy were increasingly structured to profoundly disconnect ‘ordinary’ people from their land, traditional knowledge and long-standing healthcare practices to make them dependent while dramatically reinforcing an institutional reality progressively consolidated since the dawn of human civilization: Elite control ensured that the economy perpetually redistributed wealth from those who have less to those who have more.
As noted by Adam Smith, for example, in his classic work An Inquiry into the Nature and Causes of the Wealth of Nationspublished in 1775: ‘All for ourselves, and nothing for other people, seems, in every age of the world, to have been the vile maxim of the masters of mankind’.
And this was exemplified, for example, by the 150-year struggle between the bankers working to establish a privately-owned central bank in the newly independent United States and those Presidents (such as Andrew Jackson and Abraham Lincoln) and members of Congress who worked tirelessly to defeat it. In fact: ‘Most of the founding fathers realized the potential dangers of banking and feared bankers’ accumulation of wealth and power.’ Why?
Having observed how the privately-owned British central bank, the Bank of England, had run up the British national debt to such an extent that Parliament had been forced to place unfair taxes on the American colonies, the founders in the US understood the evils of a privately-owned central bank, which Benjamin Franklin later claimed was the real cause of the American Revolution.
As James Madison, principal author of the US Constitution argued: ‘History records that the Money Changers used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money, and its issuance.’ Another founder, Thomas Jefferson, put it this way: ‘I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.’ As it turns out, the battle over who would get the power to issue US money raged from 1764, changing hands eight times, until the bankers’ final deceitful victory in 1913 with the establishment of the Federal Reserve System. ‘The battle over who gets to issue our money has been the pivotal issue throughout the history of the United States. Wars are fought over it. Depressions are caused to acquire it. Yet after WWI, this battle was rarely mentioned in the newspapers or history books. Why? By WWI, the Money Changers with their dominant wealth had seized control of most of the nation’s press.’ Watch The Money Masters: How International Bankers Gained Control of America (with the relevant section of the four-part transcript of the video available here: ‘The Money Masters: Part I’.)
Why the objection to a private central bank? Well, consider the formation and ownership of the inaccurately named Bank of England, established in 1694.
By the end of the C17th, England was in financial ruin: 50 years of more or less continuous wars with France and Holland had depleted it. So government officials asked the bankers for the loans necessary to pursue their political purposes. What did these bankers want in return? ‘The price was high: a government-sanctioned, privately owned bank which could issue money created out of nothing.’ It became the world’s first privately-owned central bank and, although it was deceptively called the Bank of England to make people think it was part of the government, it was not. Moreover, like any other private corporation, the Bank of England sold shares to get started. ‘The investors, whose names were never revealed, were supposed to put up 1,250,000 British pounds in gold coins, to buy their shares in the bank. But only 750,000 pounds was ever received.’ Despite that, the bank was duly chartered in 1694 and started the business of loaning out several times the money it supposedly had in reserves, all at interest.
Let me restate that for clarity: The British government legislated to create a privately-owned central bank (that is, a bank owned by a small group of wealthy individuals) that loaned out vast amounts of money it did not have so that it could make a profit by charging interest.
This practice is called ‘fractional reserve banking’ to make it sound like some sophisticated economic concept rather than a deceitful practice that, should you or I do it, we would be jailed. ‘In exchange the Bank would loan the British politicians as much of the new currency as they wanted, as long as they secured the debt by direct taxation of the British people.’ In other words, the Bank could not lose.
So, as William T. Still notes: ‘legalization of the Bank of England amounted to nothing less than the legal counterfeiting of a national currency for private gain.’
‘Unfortunately’, he goes on, ‘nearly every nation now has a privately controlled central bank, using the Bank of England as their basic model. Such is the power of these central banks, that they soon take total control over a nation’s economy. It soon amounts to nothing else than a plutocracy, rule by the rich.’ Watch The Money Masters: How International Bankers Gained Control of America (with the relevant section of the four-part transcript of the video available here: ‘The Money Masters: Part I’.)
Before proceeding, if how the banking system works isn’t your strong point, this brief video does a good job of spelling out essential points in a non-technical way. Watch ‘Banking – the Greatest Scam on Earth’.
In any case, the fundamental point is simple: After 5,000 years, the various processes by which local elites, then ‘national’ elites, then international elites, and now the Global Elite have continuously asserted their control to enhance their capacity to shape how the world works and to accumulate wealth has now reached its climax. Thus we are on the brink of being herded into an Elite-controlled technocracy in which, as the World Economic Forum makes clear: By 2030 ‘You’ll Own Nothing. And You’ll Be Happy.’
So you will own nothing.
And why would you be happy about that? Because you will be a transhuman slave: an organism that no longer even owns their own mind.
Who is the Global Elite and How does it Operate?
Many authors have, directly or indirectly, addressed this question and each has come up with their own nuanced combination of wealthy individuals and families, their political connections, as well as the financial instruments and organizational structures through which their power is gained and exercised.
For the purposes of this study, I am going to define the Global Elite as those families that had acquired their vast wealth and firmly established their preeminent political and economic power in global society by the end of the 19th century. These families have thus played the central role in shaping institutions and events both before but also since that time, thus providing the framework in which other wealthy people have since emerged.
In order to perform their fundamental role in shaping the modern world to serve their purposes, this Elite has facilitated the creation of a vast network of agents – corporations, institutions, other families and individuals – who are owned and/or controlled by this Elite and act as ‘fronts’ to advance Elite interests. In any given period, the Elite families remain largely unchanged (while succeeding generations of individuals further the families’ interests) but the organizational and individual agents through which these families work vary, depending on Elite aims in the contexts it precipitates.
Let me briefly illustrate my approach by using one family – the ‘House of Rothschild’ – as a case study before moving onto a wider description of how Elite families use their wealth to shape corporations, institutions, events and people to serve their own purposes.
In addition, the account draws on sources that report neutrally on Rothschild involvement as well as some sources that are critical. These sources are cited in context below.
By the mid-18th century, the ancestors of Mayer Amschel had long been small merchants in the town ghetto of Frankfurt. But, as a Jew without a family name and before street numbering was used, Mayer was also known by the name some ancestors had used on the house sign where they once lived: Rothschild (Red Shield). With more ability than other merchants and having been sent to learn the rudiments of business in the firm of Wolf Jakob Oppenheim, he became a dealer in rare coins, medals and antiques, the buyers of which were almost invariably aristocratic collectors, including William, Hereditary Prince of Hesse-Kassel. It was this business that enabled Mayer Amschel to accumulate the capital to move into banking, a natural outgrowth of his policy of extending credit to some of his clients. His wealth started to increase rapidly as he focused more on state and merchant banking, both local and international.
With a policy of seeking little profit from interest on loans while seeking trade concessions in other areas, seeking clientele only among ‘the noblest personages in Germany’, secret bookkeeping in parallel with the official one and, later, deploying his five sons to replicate his style and activities in England (Nathan, who, after a few years in Manchester, established himself in the City of London), Paris (Jakob, known as James), Naples (Kalman, or Carl), Vienna (Salomon) as well as Frankfurt (where eldest son Amschel eventually succeeded father Mayer), the Rothschild dynasty and ‘multinational business model’ quickly established itself throughout Europe. Critically, it was serviced by the maintenance of close relationships with leading political figures and salaried agents working in financial markets who provided essential political and commercial news, as well as private communications channels (including coaches with secret compartments) that worked with enormous efficiency.
And it was this ‘Red Shield’ communication network, later operating under Royal patronage, combined with a certain audacity, that enabled the Rothschilds to profit handsomely from a variety of adverse circumstances including the restrictions on trade between England and the continent which characterized the Napoleonic period, and the Napoleonic Wars as well. This included smuggling vast amounts of contraband goods from England to the continent and transferring a substantial hoard of gold bullion through France to finance the feeding of Wellington’s army.
Most spectacularly, and despite family efforts to suppress awareness of this fact, the Rothschilds profited enormously from their privileged notice that Wellington defeated Napoleon at Waterloo in 1815, as recorded by William T. Still and Patrick S.J. Carmack in their 3.5 hour documentary The Money Masters: How International Bankers Gained Control of America (with the relevant section of the four-part transcript of the video available here: ‘The Money Masters: Part II’.)
How did this happen?
Following a long series of wars across Europe and the eastern Mediterranean, during which he was very successful, rapidly promoted and, in 1804, elected Emperor of France, Napoleon was eventually defeated. He abdicated and was exiled to Elba, an island off the Tuscan coast, in 1814 but escaped nine months later in February 1815.
As he returned to Paris, French troops were sent out to capture Napoleon but such was his charisma that ‘the soldiers rallied around their old leader and hailed him as their emperor once again.’ And, having borrowed funds to rearm, in March 1815 Napoleon’s freshly equipped army marched out to be ultimately defeated by Britain’s Duke of Wellington at Waterloo less than three months later. As Still remarks: ‘Some writers claimed Napoleon borrowed 5 million pounds from the Bank of England to rearm. But it appears these funds actually came from Ubard Banking House in Paris. Nevertheless, from about this point on, it was not unusual for privately controlled central banks to finance both sides in a war.’
‘Why would a central bank finance opposing sides in a war?’ Still asks. ‘Because war is the biggest debt generator of them all. A nation will borrow any amount for victory. The ultimate loser is loaned just enough to hold out the vain hope of victory, and the ultimate winner is given enough to win. Besides, such loans are usually conditioned upon the guarantee that the victor will honor the debts of the vanquished.’
While the outcome of the battle at Waterloo was certainly in doubt, back in London Nathan Rothschild planned to use the outcome, no matter who won or lost, to try to seize control over the British stock and bond market and possibly even the Bank of England. How did he do this? Here is one account. ‘Rothschild stationed a trusted agent, a man named Rothworth, on the north side of the battlefield, closer to the English Channel.’ Once the battle had been decided, at the cost of many thousands of French, English and other European lives, Rothworth headed immediately for the Channel. He delivered the news to Nathan Rothschild, a full 24 hours before Wellington’s own courier arrived with the news.
Rothschild hurried to the stock market and, with all eyes on him given the Rothschild’s legendary communications network was well known, others present observed Rothschild knowing that if Wellington had been defeated, and Napoleon was again at large in Europe, the British financial situation would become grave indeed. Rothschild began selling his consoles (British government bonds). ‘Other nervous investors saw that Rothschild was selling. It could only mean one thing: Napoleon must have won, Wellington must have lost.’
The market plummeted. Soon everyone was selling their own consoles and prices dropped sharply. ‘But then Rothschild started secretly buying up the consoles through his agents for only a fraction of their worth hours before.’
Fallacious? As Still concludes this recounting of the episode: ‘One hundred years later, the New York Times ran the story that Nathan Rothschild’s grandson had attempted to secure a court order to suppress a book with that stock market story in it. The Rothschild family claimed that the story was untrue and libelous. But the court denied the Rothschilds’ request and ordered the family to pay all court costs.’
In any case, having built their initial fortune using various means – some of which, as just illustrated, were neither moral nor legal – throughout the 19th century the Rothschild family continued to accumulate wealth through the international bond market, which they played a key role in developing, as well as other forms of financial business: bullion broking and refining, accepting and discounting commercial bills, direct trading in commodities, foreign exchange dealing and arbitrage, even insurance. The Rothschilds also had a select group of clients – usually royal and aristocratic individuals whom they wished to cultivate – to whom they offered a range of ‘personal banking services’ ranging from large personal loans (such as that to the Austrian Chancellor Prince Metternich) to a first class private postal service (for Queen Victoria). The family also had substantial mining interests and was a major industrial investor backing the construction of railway lines in Europe in the 1830s and 1840s. But, apart from its other interests, the family continued to be heavily involved in ‘the money trade’.
‘From 1870 onwards, London was the centre of Britain’s greatest export: money. Vast quantities of savings and earnings were gathered and invested at considerable profit through the international merchant banks of Rothschild, Baring, Lazard, and Morgan in the City’. See Hidden History: The Secret Origins of the First World War, p. 220.
But what, exactly, is the City?
The City of London Corporation, an independent square mile in the heart of London, was founded in about AD50 and quickly established itself as an important commercial centre which ultimately gave birth to some of the world’s greatest financial institutions such as the London Stock Exchange, Lloyd’s of London and, in 1694, the Bank of England. The City’s ‘modern period’ is sometimes dated from 1067.
However, as explained by Nicholas Shaxson, the City ‘is an ancient, [semi-foreign] entity lodged inside the British nation state; a “prehistoric monster which had mysteriously survived into the modern world”, as a 19th century would-be City reformer put it…. the corporation is an offshore island inside Britain, a tax haven in its own right.’ Of course, the term ‘tax haven’ is a misnomer, ‘because such places aren’t just about tax. What they sell is escape: from the laws, rules and taxes of jurisdictions elsewhere, usually with secrecy as their prime offering. The notion of elsewhere (hence the term “offshore”) is central. The Cayman Islands’ tax and secrecy laws are not designed for the benefit of the 50,000-odd Caymanians, but help wealthy people and corporations, mostly in the US and Europe, get around the rules of their own democratic societies. The outcome is one set of rules for a rich elite and another for the rest of us.’
In the words of Shaxson:
The City’s ‘elsewhere’ status in Britain stems from a simple formula: over centuries, sovereigns and governments have sought City loans, and in exchange the City has extracted privileges and freedoms from rules and laws to which the rest of Britain must submit. The City does have a noble tradition of standing up for citizens’ freedoms against despotic sovereigns, but this has morphed into freedom for money. See ‘The tax haven in the heart of Britain’.
As Gerry Docherty and Jim Macgregor explain it then, by 1870:
City influence and investments crossed national boundaries and raised funds for governments and companies across the entire world. The great investment houses made billions, their political allies and agents grew wealthy…. Edward VII, both as king and earlier as Prince of Wales, swapped friendship and honours for the generous patronage of the Rothschilds, Cassel, and other Jewish banking families like the Montagus, Hirschs and Sassoons…. The Bank of England was completely in the hands of these powerful financiers, and the relationship went unchallenged….
The flow of money into the United States during the nineteenth century advanced industrial development to the immense benefit of the millionaires it created: Rockefeller, Carnegie, Morgan, Vanderbilt and their associates. The Rothschilds represented British interests, either directly through front companies or indirectly through agencies that they controlled. Railroads, steel, shipbuilding, construction, oil and finance blossomed…. These small groups of massively rich individuals on both sides of the Atlantic knew one another well, and the Secret Elite in London initiated the very select and secretive dining club, the Pilgrims, that brought them together on a regular basis. See Hidden History: The Secret Origins of the First World War, p. 220.
To choose one example from those just listed, you can read an official account of the Rothschild family’s early involvement in oil production, including its ‘decisive influence’ in the formation of Royal Dutch Shell, in the Rothschild Archive. See ‘Searching for Oil in Roubaix’.
Beyond their investments in the industries just listed, however, the Rothschilds had significant media interests: Their Paribas Bank ‘controlled the all-powerful news agency Havas, which in turn owned the most important advertising agency in France.’ See Hidden History: The Secret Origins of the First World War, p. 214.
And, by the late 19th century, direct Rothschild investment in major ‘armaments companies’ (now better known as weapons corporations) and related industries was substantial with official biographer Niall Ferguson candidly noting ‘If late-nineteenth-century imperialism had its “military-industrial complex” the Rothschilds were unquestionably part of it.’ See The House of Rothschild – Volume 2 – The World’s Banker, 1849-1998, p. 579.
Of course, as noted previously, the Rothschild family is not the only family that uses its wealth to exercise enormous economic and political power and to profit from war, but the evidence suggests that it has long been the most deeply entrenched in the institutions, including those it has created, that facilitate the exercise of this power. Moreover, it is linked to many other wealthy families through a multitude of arrangements as will be shown.
Consider the following examples of how the power of wealth is exercised and note the names of some other wealthy families.
Invariably working ‘in the background’, elite figures spend considerable time manipulating ‘well-positioned’ people, and none are more adept at this than the Rothschilds. To cite just one of many examples, ‘both the great estates of Balmoral and Sandringham, so intimately associated with the British royal family, were facilitated, if not entirely paid for, through the largess of the House of Rothschild’ thus maintaining the long-standing Rothschild tradition of gifting ‘loans’ – that is, bribes, as the brothers had long before privately acknowledged – to royalty (and other key officials).
Of course, this manipulation of people is done to ensure the creation of particular institutions or to precipitate or facilitate a particular sequence of events. Just one obvious example of this occurred when the British government was manipulated into the Boer War of 1899-1902 by ‘the secret society of Cecil Rhodes’ as it was originally known and of which Lord (Nathan) Rothschild was a founding member along with Alfred, later Lord, Milner who succeeded Rhodes as head of this exclusive secret club. While the British public was given a more palatable pretext for this war via the media, it was fundamentally fought to defend and consolidate the rich South African gold-mining interests of wealthy businesspeople, including the Rothschilds. By the time the war ended, the Transvaal’s gold was finally in their hands. The cost? ‘32,000 deaths in the concentration camps, [of whom more than 26,000 were women and children]; 22,000 British Empire troops were killed and 23,000 wounded. Boer casualties numbered 34,000. Africans killed amounted to 14,000.’ See Hidden History: The Secret Origins of the First World War, pp. 23 & 38-50 and The Anglo-American Establishment: From Rhodes to Cliveden.
The US Federal Reserve System
In his classic work The Creature from Jekyll Island: A Second Look at the Federal Reserve, in which he describes the formation, structure and function of the US Federal Reserve System, which governs banking in the United States, G. Edward Griffin identified the seven men and who they represented, at the secret meeting held at the private resort of J.P. Morgan on Jekyll Island off the coast of Georgia in November 1910 when the System was conceived (and later passed as The Federal Reserve Act in 1913).
The seven men at this meeting represented the great financial institutions of Wall Street and, indirectly, Europe as well: that is, they represented one-quarter of the total wealth of the entire world. They were Nelson W. Aldrich, Republican ‘whip’ in the US Senate, Chair of the National Monetary Commission and father-in-law of John D. Rockefeller Jr.; Henry P. Davison, senior partner of J.P. Morgan Company; Charles D. Norton, President of the 1st National Bank of New York; A. Piatt Andrew, Assistant Secretary of the Treasury; Frank A. Vanderlip, President of the National City Bank of New York, representing William Rockefeller; Benjamin Strong, head of J.P. Morgan’s Bankers Trust Company and later to become head of the System; and Paul M. Warburg, a partner in Kuhn, Loeb & Company, representing the Rothschilds and Warburgs in Europe.
But lest you think that there is some ‘diversity’ here, long-standing ties generated from huge financial injections at crucial times meant that several other key banks owed much to Rothschild wealth. For example, in 1857 a run on U.S. banks saw the bank Peabody, Morgan and Company in deep trouble as four other banks were driven out of business. But Peabody, Morgan and Company was saved by the Bank of England. Why? Who initiated the rescue? According to Docherty and Macgregor, ‘The Rothschilds held immense sway in the Bank of England and the most likely answer is that they intervened to save the firm. Peabody retired in 1864, and Junius Morgan inherited a strong bank with powerful links to Rothschild.’ Junius was the father of J.P. Morgan. See Hidden History: The Secret Origins of the First World War, p. 222.
A similar thing happened when Nathaniel Rothschild headed the Bank of England committee that rescued Barings Bank from imminent collapse in 1890. But other big banks ‘were beholden to or fronts for the Rothschilds…. Like J.P. Morgan, Barings and Kuhn Loeb, the M.M. Warburg Bank owed its survival and ultimate success to Rothschild money.’ To reiterate then: ‘by the early twentieth century numerous major banks, including J.P. Morgan and Barings, and armaments firms, were beholden to or fronts for the Rothschilds.’ And this had many advantages. J.P. Morgan, who was deeply involved with the Pilgrims – an exclusive club that linked major U.K. and U.S. businesspeople – was clearly perceived as an upright Protestant guardian of capitalism, who could trace his family roots to pre-Revolutionary times, so by acting in the interests of the London Rothschilds he shielded their American profits from the poison of anti-Semitism.
But the connections do not end there. Superficially, ‘there were periods of blistering competition between the investment and banking houses, the steel companies, the railroad builders and the two international goliaths of oil, Rockefeller and Rothschilds, but by the turn of the century the surviving conglomerates adopted a more subtle relationship, which avoided real competition.’ A decade earlier, Baron de Rothschild had accepted an invitation from John D. Rockefeller to meet in New York behind the closed doors of Standard Oil’s headquarters on Broadway where they had quickly reached a confidential agreement. ‘Clearly both understood the advantage of monopolistic collusion.’ The apparent rivalry between major stakeholders in banking, industry and commerce has long been a convenient facade, which they are content to leave much of the world believing. See Hidden History: The Secret Origins of the First World War, pp. 222-225.
Beyond business and financial links of this nature, of course, there is marriage. For example, according to Dean Henderson: ‘The Warburgs, Kuhn Loebs, Goldman Sachs, Schiffs and Rothschilds have intermarried into one big happy banking family. The Warburg family… tied up with the Rothschilds in 1814 in Hamburg, while Kuhn Loeb powerhouse Jacob Schiff shared quarters with Rothschilds in 1785. Schiff immigrated to America in 1865. He joined forces with Abraham Kuhn and married Solomon Loeb’s daughter. Loeb and Kuhn married each others sisters and the Kuhn Loeb dynasty was consummated. Felix Warburg married Jacob Schiff’s daughter. Two Goldman daughters married two sons of the Sachs family, creating Goldman Sachs. In 1806 Nathan Rothschild married the oldest daughter of Levi Barent Cohen, a leading financier in London.’ See Big Oil and Their Bankers in the Persian Gulf: Four Horsemen, Eight Families and Their Global Intelligence, Narcotics and Terror Network, p. 488.
So to return to the foundation of the US Federal Reserve System, according to Griffin:
The reason for secrecy was simple. Had it been known that rival factions of the banking community had joined together, the public would have been alerted to the possibility that the bankers were plotting an agreement in restraint of trade – which, of course, is exactly what they were doing.
What emerged was a cartel agreement with five objectives:
stop the growing competition from the nation’s newer banks;
obtain a franchise to create money out of nothing for the purpose of lending;
get control of the reserves of all banks so that the more reckless ones would not be exposed to currency drains and bank runs;
get the taxpayer to pick up the cartel’s inevitable losses; and convince Congress that the purpose was to protect the public.
It was realized that the bankers would have to become partners with the politicians and that the structure of the cartel would have to be a central bank. The record shows that the Fed has failed to achieve its stated objectives. That is because those were never its true goals. As a banking cartel, and in terms of the five objectives stated above, it has been an unqualified success.
To reiterate Griffin’s key point: ‘a primary objective of that cartel was to involve the federal government as an agent for shifting the inevitable losses from the owners of those banks to the taxpayers.’ And this is confirmed by the ‘massive evidence of history since the System was created’.
Or, in the words of economics Professor Antony C. Sutton, who carefully detailed the longstanding links between Wall Street and the family of US President Franklin D. Roosevelt, including Roosevelt himself (a banker and speculator from 1921 to 1928): ‘The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of a few under the guise of protecting and promoting the public interest.’ See Wall Street and F.D.R.
And, as U.S. Congressman Louis Thomas McFadden, chairman of the House Committee on Banking and Currency, observed in 1932: ‘When the Federal Reserve Act was passed, the people of the United States did not perceive that… this country was to supply financial power to an international superstate – a superstate controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure.’ See ‘Speech by Rep. Louis T. McFadden denouncing the Federal Reserve System’.
Equally importantly, creation of the Federal Reserve was just one of many preliminary steps taken over a 25-year period by a select group of men in key positions who conspired to ignite The Great War to both shape the future world order and profit enormously from the death and destruction. You can read detailed accounts of what took place, including key players, their motives and instigation of the Boer War in South Africa, touched on above, as part of the process, in books such as these:
The primary cost of World War I was 20 million human lives, but it was immensely profitable for some.
The Bank for International Settlements
Another critical development in this period was the creation of the Bank for International Settlements (BIS) – as ‘the central bank of central banks’ – in 1930. As described by Professor Carroll Quigley, the BIS was the apex of efforts by elite bankers ‘to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.’
But the push started many years before with Montagu Norman (Bank of England) and Benjamin Strong (the first governor of the Federal Reserve Bank of New York) both committed advocates. ‘In the 1920’s, they were determined to use the financial power of Britain and of the United States to force all the major countries of the world to go on the gold standard and to operate it through central banks free from all political control, with all questions of international finance to be settled by agreements by such central banks without interference from governments.’
This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.
Each central bank, in the hands of men like Montagu Norman of the Bank of England, Benjamin Strong of the New York Federal Reserve Bank, Charles Rist of the Bank of France, and Hjalmar Schacht of the Reichsbank, sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world. The B.I.S. as a private institution was owned by the seven chief central banks and was operated by the heads of these, who together formed its governing board.
But, Quigley points out:
It must not be felt that these heads of the world’s chief central banks were themselves substantive powers in world finance. They were not. Rather, they were the technicians and agents of the dominant investment bankers of their own countries, who had raised them up and were perfectly capable of throwing them down.
The substantive financial powers of the world were in the hands of these investment bankers (also called ‘international’ or ‘merchant’ bankers) who remained largely behind the scenes in their own unincorporated private banks.
These formed a system of international cooperation and national dominance which was more private, more powerful, and more secret than that of their agents in the central banks. This dominance of investment bankers was based on their control over the flows of credit and investment funds in their own countries and throughout the world. They could dominate the financial and industrial systems of their own countries by their influence over the flow of current funds through bank loans, the discount rate, and the re-discounting of commercial debts; they could dominate governments by their control over current government loans and the play of the international exchanges. Almost all of this power was exercised by the personal influence and prestige of men who had demonstrated their ability in the past to bring off successful financial coupe, to keep their word, to remain cool in a crisis, and to share their winning opportunities with their associates. In this system the Rothschilds had been preeminent during much of the nineteenth century. See Tragedy & Hope: A History of the World in Our Time, pp. 242-3 & 245.
Ensuring that this select group of international bankers could operate without any form of accountability to any other authority in the world, the BIS ‘Headquarters Agreement with Switzerland’ Articles 4 and 12 specifically identify a range of ‘privileges and immunities’ that, among others, provide that ‘The Bank shall enjoy immunity from jurisdiction’ and ‘members of the Board of Directors of the Bank, together with the representatives of those central banks which are members of the Bank’ with ‘immunity from arrest or imprisonment’. See ‘Agreement between the Swiss Federal Council and the Bank for International Settlements to determine the Bank’s legal status in Switzerland’.
Beyond this, as Sutton notes, because politicians sympathetic to financial capitalism and academics with ideas about world control are kept in line with a system of rewards and penalties, ‘in the early 1930s the guiding vehicle for this international system of financial and political control’ was the BIS, headquartered in Basle. The BIS ‘continued its work during World War II as the medium through which the bankers – who… were not at war with each other – continued a mutually beneficial exchange of ideas, information, and planning for the post-war world.’ In this sense only, the war was irrelevant to them. See Wall Street and The Rise of Hitler, pp. 11-12.
So while elite figures, including the Rothschilds, continued to shape institutions and events to restructure world order and make it more profitable for themselves, virtually everyone else in the world was an unwitting victim of their secret programs, many at the cost of their own life.
A notable exception was US Major General Smedley Butler who at least spelled out the critical role that war played in wealth creation for the elite. Following more than three decades of highly-decorated service in the US Marine Corp, Butler later described his experience in the following terms: ‘I spent most of my time being a high-class muscle man for Big Business, for Wall Street and for the bankers. In short, I was a racketeer for capitalism.’ See ‘Major General Smedley Butler’.
In his book published in 1935, he wrote:
‘War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious…. It is the only one in which the profits are reckoned in dollars and the losses in lives…. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.’
He went on to describe some of the individuals and corporations that made huge profits out of World War I. See War Is A Racket.
World War II
And, just a few years later, World War II demonstrated that ‘war is a racket’ yet again. By carefully penetrating the cloak of deception behind which it was hidden, Professor Antony C. Sutton considered original documentation and eyewitness accounts to reveal what remains one of the most remarkable and under-reported facts of World War II. In his account of this orchestrated conflagration, Sutton carefully documents how prominent Wall Street banks and US businesses supported Hitler’s rise to power by financing and trading with Nazi Germany, reaching the unsavory conclusion that ‘the catastrophe of World War II was extremely profitable for a select group of financial insiders’ including J.P. Morgan, T.W. Lamont, the Rockefeller interests, General Electric, Standard Oil, and the National City, Chase, and Manhattan banks, Kuhn, Loeb and Company, General Motors, Ford Motor Company, and scores of others in ‘the bloodiest, most destructive war in history’. See Wall Street and The Rise of Hitler.
To illustrate the complex and wide-ranging collaboration between US business interests and the Nazis throughout the war, consider just one example: On the eve of World War II the German chemical complex of I.G. Farben, which included the banker Max Warburg (brother of Paul of the US Federal Reserve) on its Board of Directors, was the largest chemical manufacturing enterprise in the world, with extraordinary political and economic power within Hitler’s Nazi state. The Farben cartel dated from 1925 and had been created with financial assistance from Wall Street by the organizing genius of Hermann Schmitz, a prominent early Nazi who, through I.G. Farben, helped fund Hitler’s seizure of control in March 1933. Schmitz created the super-giant chemical enterprise out of six already giant German chemical companies.
So critical was I.G. Farben to the Nazi war effort that it produced 100% of its lubricating oil and various other products, 95% of its poison gas – ‘enough gas to kill 200 million humans’ – used in the extermination chambers, 84% of its explosives, 70% of its gunpowder, and very high proportions of many other critical products including aviation fuel. As Sutton concludes: ‘Without the capital supplied by Wall Street, there would have been no I.G. Farben in the first place and almost certainly no Adolf Hitler and World War II.’ See Wall Street and The Rise of Hitler, pp.17-20.
The cost in human lives of World War II was 70-85 million. But there was no cost to those Wall Street corporations and their fellow war profiteers that collaborated with Nazi Germany. Just massive profits.
Following World War II
Documenting what had become the long-standing collusion between political, corporate and military elites, sociology Professor C. Wright Mills published his classic work The Power Elite in 1956. This scholarly effort was among the earliest of the post-World War II era to document the nature of the US elite and how it functioned, highlighting the interlocking power of corporate, political and military elites as they exercised control over US national society and went about the task of exploiting the general population.
But a weakness of the account by Mills was his failure to grapple with the already long-standing power of a global elite to manipulate key events in any one country, and certainly the United States, even if much of this was done through the relevant national elite(s).
This ‘global reach’ of the Elite is again clearly apparent in any study of ownership of the world’s oil resources. In his 1975 book The Seven Sisters, Anthony Sampson popularized this collective name for the shadowy oil cartel that, throughout its history, had vigorously worked to eliminate competitors and control the world’s oil. See The Seven Sisters: The Great Oil Companies and the World They Shaped. Several decades later, Dean Henderson simply observed that ‘After a tidal wave of mergers at the turn of the millennium, Sampson’s Seven Sisters were Four Horsemen: Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell.’ Beyond this, however, Henderson noted the following:
The oil wealth generated in the Persian Gulf region is the main source of capital [for the international mega-banks]. They sell the Gulf Cooperation Council sheiks 30-year treasury bonds at 5% interest, then loan the sheiks’ oil money out to Third World governments and Western consumers alike at 15-20% interest. In the process these financial overlords – who produce nothing of economic import – use debt as their lever in consolidating control over the global economy.
And, following a series of mergers and then the 2008 banking crisis, four giant banks emerged to dominate the US economy: JP Morgan Chase, Citigroup, Bank of America and Wells Fargo. Moreover, these banks, along with Deutsche Bank, Banque Paribas, Barclays ‘and other European old money behemoths’, own the four oil giants and are also ‘among the top 10 stock holders of virtually every Fortune 500 corporation’ giving them vast control over the global economy.
So who owns these banks? By now it should come as no surprise that several scholars at different times during the past 100 years have investigated this issue and come to essentially the same conclusion: the major families, increasingly interrelated by blood, marriage and/or business interests, have simply consolidated their control over the banks. Apart from scholars already mentioned above, in the 1983 revision of his book, Eustace Mullins noted that a few families still controlled the New York City banks which, in turn, hold the controlling stock of the Federal Reserve Bank of New York. Mullins identified the families of the Rothschilds, Morgans, Rockefellers, Warburgs and others.
Several scholars have written on the subject of elite power since Mills with Professor Peter Phillips penning the 2018 book Giants: The Global Power Elite which reviews ‘the transition from the nation state power elites described by Mills to a transnational power elite centralized on the control of global capital around the world. The Global Power Elite function as a nongovernmental network of similarly educated wealthy people with common interests of managing, facilitating, and protecting concentrated global wealth and insuring the continued growth of capital.’
Aside from the obvious criticism that Phillips effectively repeats the mistake made by Mills in assuming that there was no pre-existing ‘transnational power elite’ even if in different form, Phillips goes on to usefully identify the world’s top seventeen asset management firms, such as BlackRock and J.P Morgan Chase, that collectively manage (by now) more than $US50 trillion in a self-invested network of interlocking capital that spans the globe.
More precisely, Phillips identifies the 199 individual directors of the seventeen global financial Giants and the importance of those transnational institutions that serve a unifying function – including:
the World Bank, International Monetary Fund, G20, G7, World Trade Organization (WTO),
And Phillips carefully explains why and how the Global Elite defends its power, profits and privilege against rebellion by the ‘unruly exploited masses’: ‘the Global Power Elite uses NATO and the US military empire for its worldwide security…. The whole system continues wealth concentration for elites and expanded wretched inequality for the masses.’ Advocating the importance of systemic change and the redistribution of wealth, Phillips goes on to argue that ‘This concentration of protected wealth leads to a crisis of humanity, whereby poverty, war, starvation, mass alienation, media propaganda, and environmental devastation are reaching a species-level threat.’
Hence, it is worth reiterating: War plays an ongoing and vital role in the exercise of Elite power to reshape world order to maximize wealth concentration by the Elite. If you want further evidence of this, you might find these recent reports instructive: the US Congressional Research Service report
But, as the discussion above and below illustrates, war is not the only mechanism the Elite uses.
For an account which focuses on identifying many of the world’s largest corporations, in many industries, and then illustrates the interlocking nature of corporate ownership while demonstrating that they are all owned by the same small group of giant asset management corporations – notably including Vanguard, BlackRock and State Street – this video is very instructive:‘Monopoly: Who Owns the World?’
And for a penetrating critique of BlackRock and its overall strategy to acquire vast worldwide control, including by using its Aladdin investment analysis technology (which employs massive data collection, artificial intelligence and machine learning to derive investment insight),
In the ‘Monopoly’ video, you will again see the names of some familiar individuals and families who own significant shareholdings in these corporations and asset management firms. After showcasing families such as the Rothschilds, Rockefellers and Morgans, the narrator simply observes in relation to Vanguard that its ‘largest shareholders are the private funds and nonprofit organizations of these families’.
And if you think that national Elites in countries like China and Russia are somehow not involved in all this, you might find it interesting to read articles that discuss the wealth and political influence of the Chinese ‘immortals’ and the Russian oligarchs –
Beyond this, however, Emanuel Pastreich points out that if anyone attributes responsibility for Chinese policies in relation to data collection and control based on QR codes and contact tracing, they inevitably identify the Chinese government.
‘But the truth is that few, or none, of these policies were made up or implemented by the Chinese government itself, but rather that the Chinese government is occupied by IT corporations that report to the billionaires (often through Israel and the United States) and bypass the Chinese government altogether.’
Pastreich goes on to offer some insight into how key Elite intelligence and finance corporations are driving the technocratic social control policies being implemented under cover of the ‘virus’ in China.
In fact, as Patrick Wood points out, referencing a much earlier book of his own and Professor Antony Sutton – see Trilaterals Over Washington Volumes I & II – ‘Thanks to early members of the [Elite’s] Trilateral Commission, China was brought out of its dark ages Communist dictatorship and onto the world stage. Furthermore, the Trilateral Commission orchestrated and then facilitated a massive transfer of technology to China in order to build up its non-existent infrastructure…. As a failed Communist dictatorship, China was a blank slate with over 1.2 billion citizens under its control. However, Chinese leadership knew nothing about capitalism and free enterprise, and [key Trilateralist Zbigniew] Brzezinski made no effort to teach them about it. Instead, he planted seeds of Technocracy…. In the 20-year period from 1980 to 2000, a transformation took place that was considered nothing short of an economic miracle; but it was not of China’s doing. Rather, it can be fully attributed to the masters of Technocracy within the ranks of the Trilateral Commission.’ After listing several key features of China’s technocracy (5G, AI, social credit scores…), Wood concludes that ‘China is a full-blown Technocracy and it is the first of its kind on planet earth.’ See this article on China as one of Wood’s 12-part series on technocracy: ‘Day 7: China Is A Technocracy’.
And in relation to Russia, Riley Waggaman simply observes that ‘As for “COVID-triggered” economic restructuring: the Russian government has openly embraced the World Economic Forum’s Fourth Industrial Revolution. In October [2021], the Russian government and the WEF signed a memorandum on the establishment of a Center for the Fourth Industrial Revolution in Russia.
Russia has already adopted a law allowing for “experimental legal regimes” to allow corporations and institutions to deploy AI and robots into the economy, without being encumbered by regulatory red tape. Returning to Gref and his digital Sbercoin: Russia’s central bank is already planning to test-run a digital ruble that, among other nifty features, could be used to restrict purchases.’ See ‘I believe we are facing an evil that has no equal in human history’.
Separately from this, bear in mind that the Elite, as well as its agents and organizations (including those in China and Russia), have vast wealth stashed in ‘secrecy jurisdictions’ (better known as tax havens): locations around the world where wealthy individuals, criminals and terrorists, as well as governments and government agencies (such as the CIA), banks, corporations, hedge funds, international organizations (such as the Vatican) and crime syndicates (such as the Mafia), can stash their money so that they can avoid regulation and oversight, and evade tax. Just how much wealth is stashed in tax havens? While this is impossible to know precisely, it can only be measured in tens of trillions of dollars as well as an unknown number of gold bricks, artworks, yachts and racehorses.
How is this possible? Well, it is protected by government legislation and legal systems, with an ‘army’ of Elite agents – accountants, auditors, bankers, businesspeople, lawyers and politicians – ensuring that they remain protected. The point here is simple: if you have enough money, the law simply does not exist. And you can evade taxes legally and in the full knowledge that your vast profits (even from immorally-acquired wealth such as sex trafficking, gun-running, endangered species trafficking, conflict diamonds and drug trafficking) are ‘lawful’ and will escape regulation and oversight of any kind. See ‘The Rule of Law: Unjust and Violent’.
But legal systems facilitate monstrous injustice in other ways too. For example, they ensure that owners of corporations are enabled to ruthlessly exploit both their workers and all taxpayers as well. For a thoughtful and straightforward account of how this works, see this article by Professor James Petras: ‘How Billionaires Become Billionaires’.
According to Dean Henderson writing in 2010, it is ‘the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome.’
Henderson goes on to state that ‘The control that these banking families exert over the global economy cannot be overstated and is quite intentionally shrouded in secrecy. Their corporate media arm is quick to discredit any information exposing these money powers as halfbaked conspiracy theory. The word “conspiracy” itself has been demonized, much like the word “communism”. Anyone who dare utter the word is quickly excluded from public debate and written off as insane. Yet the facts remain.’
In his exceptionally detailed investigation into three major historical events of the C20th – the Bolshevik Revolution, the rise of Franklin D. Roosevelt and the rise of Hitler – Professor Antony Sutton identified the seat of political power in the United States not as the US Constitution authorized but ‘the financial establishment in New York: the private international bankers, more specifically the financial houses of J.P. Morgan, the Rockefeller-controlled Chase Manhattan Bank, and in earlier days (before amalgamation of their Manhattan Bank with the former Chase Bank), the Warburgs.’
For most of the twentieth century the Federal Reserve System, particularly the Federal Reserve Bank of New York (which is outside the control of Congress, unaudited and uncontrolled, with the power to print money and create credit at will), has exercised a virtual monopoly over the direction of the American economy. In foreign affairs the Council on Foreign Relations, superficially an innocent forum for academics, businessmen, and politicians, contains within its shell, perhaps unknown to many of its members, a power center that unilaterally determines U.S. foreign policy. The major objective of this submerged – and obviously subversive – foreign policy is the acquisition of markets and economic power (profits, if you will), for a small group of giant multi-nationals under the virtual control of a few banking investment houses and controlling families. See Wall Street and The Rise of Hitler, pp.125-126.
So what has changed?
Nothing has changed.
But it is not just fine scholars who have reached this conclusion. Consider David Rockefeller’s delusionary whitewashing of his own family’s key role in the killing, devastation and destruction outlined above: ‘Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as “internationalists” and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that’s the charge, I stand guilty, and I am proud of it…. one of the most enduring [conspiracies] is that a secret group of international bankers and capitalists, and their minions, control the world’s economy…. [but these people] ignore the tangible benefits that have resulted from our active international role during the past half-century’. See Memoirs, p. 483.
If you are wondering how all of this happens without any significant pushback from within elite circles, there is a simple answer: They are all insane and control to maximize resource accumulation has become the perpetual substitute for their destroyed capacity to engage emotionally in their own lives and empathize with their fellow human beings. For more detail, see ‘Love Denied: The Psychology of Materialism, Violence and War’ and ‘The Global Elite is Insane Revisited’.
So while some of us occasionally ponder how we can contribute more to improve the human condition and the state of the world, and then endeavour to do something along those lines, there are plenty of terrified people whose daily life is consumed (consciously or unconsciously) by the question ‘How can I take more?’ And people like that have been taking more since the dawn of human civilization and, no doubt, earlier.
The Global Elite is simply those who have been insanely ruthless and organized enough to take more, whatever the cost to humanity and all other life on Earth.
The Post World War II Superstructure to Transform World Order, Destroy the World Economy and Capture All Wealth
So how, precisely, is the Global Elite driving the transformation of world order, the collapse of the world economy and capturing final control of all wealth?
There are three parts to the answer to this question: 1. The foundations progressively laid over the past 5,000 years, as outlined above; 2. The superstructure (including such institutions as the United Nations, the World Bank and International Monetary Fund) that has been built since World War II and, more recently, under the guise of the United Nation’s Sustainable Development agenda, to impose global governance on the human population and, particularly, to intrude global financial governance into every aspect of our lives. In the words of Iain Davis and Whitney Webb, this is because the UN’s sustainable development goals ‘do not promote “sustainability” as most conceive it and instead utilise the same debt imperialism long used by the Anglo-American Empire to entrap nations in a new, equally predatory system of global financial governance’ – see ‘Sustainable Debt Slavery’ – and 3. The final part relates to political, economic and, especially, technological measures being imposed as part of the World Economic Forum’s ‘Great Reset’ under cover of the fake narrative about a Covid-19 ‘pandemic’.
If we briefly consider elements of the post-World War II superstructure, for example, both the World Bank and International Monetary Fund have historically used debt to force countries, mostly in the developing world, to adopt policies that redistribute wealth to the elite via their banks, corporations and institutions. But corporations have employed their own ‘economic hit men’ to do the same thing: By identifying and ‘persuading’ leaders of developing nations, using a variety of devices – ranging from false economic projections and bribes to military threats and assassinations – to accept enormous ‘development’ loans for projects which are contracted with western corporations, countries quickly become entrapped in debt. This is then used to force those countries to implement unpopular austerity policies, deregulate financial and other markets, and privatize state assets, thus eroding national sovereignty. See The New Confessions of an Economic Hit Man.
If you want to read further evidence of the role of the World Bank and the IMF as agents of Elite policy against nation-states, you might find the US Army’s manual of unconventional warfare interesting. See ‘Army Special Operations Forces: Unconventional Warfare’. Originally released by Wikileaks in 2008 and described by them as the US military’s ‘regime change handbook’, as elaborated by Webb, ‘the U.S. Army states that major global financial institutions – such as the World Bank, International Monetary Fund (IMF), the Organization for Economic Cooperation and Development (OECD) [and the Bank for International Settlements (BIS] – are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”’ See ‘Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons’.
Beyond this, however, what we have seen since the UN, increasingly a tool of corporations since the 1990s, adopted its Sustainable Development Goals is a dramatically expanded set of mechanisms designed to enslave the bulk of the human population, not just those in ‘developing’ countries, and take complete control of Earth’s ecosystems and natural processes.
While this sanitized account obscures the threat it poses to humankind, Iain Davis and Whitney Webb have thoughtfully critiqued it – see ‘Sustainable Debt Slavery’ – noting that even a 2016 UN Department of Economic and Social Affairs report – see ‘Public-Private Partnerships and the 2030 Agenda for Sustainable Development: Fit for purpose?’ – also found it ‘unfit for purpose’. So what is it? According to Davis, the Global Public-Private Partnership (G3P) is a worldwide network of stakeholder capitalists and their partners: the Bank for International Settlements, central banks, global (including media) corporations, the ‘philanthropic’ foundations of multi-billionaires, policy think tanks, governments (and their agencies), key non-governmental organizations and global charities, selected academic and scientific institutions, labour unions and other chosen ‘thought leaders’. (You can see an instructive diagram in the article cited below.)
The G3P controls the world economy and global finance. ‘It sets world, national and local policy (via global governance) and then promotes those policies using the mainstream media’, typically distributes the policies through an intermediary such as the IMF, WHO or IPCC and uses governments to transform G3P global governance into hard policy, legislation and law at the national level. ‘In this way, the G3P controls many nations at once without having to resort to legislation. This has the added advantage of making any legal challenge to the decisions made by the most senior partners in the G3P (an authoritarian hierarchy) extremely difficult.’ In short: global governance has already superseded the national sovereignty of states: ‘National governments had been relegated to creating the G3P’s enabling environment by taxing the public and increasing government borrowing debt.’ See ‘What Is the Global Public-Private Partnership?’
As Davis notes: We are supposed to believe that a G3P-led system of global governance is beneficial for us and to accept that global corporations are committed to putting humanitarian and environmental causes before profit, when the conflict of interest is obvious. ‘Believing this requires a considerable degree of naïveté.’ Davis clearly perceives ‘an emergent global, corporate dictatorship that cares not one whit about truly stewarding the planet. The G3P will determine the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons. There is no opportunity for any of us to participate in either their project or the subsequent formation of policy.’ Davis goes on: ‘in theory, governments do not have to implement G3P policy, in reality they do. Global policies have been an increasing facet of our lives in the post-WW2 era…. It doesn’t matter who you elect, the policy trajectory is set at the global governance level. This is the dictatorial nature of the G3P and nothing could be less democratic.’
Another initiative was launched at the COP26 conference in November 2021. The Glasgow Financial Alliance for Net Zero (GFANZ) is an industry-led and UN-convened alliance of private banking and financial institutions that announced plans to overhaul the role of global and regional financial institutions, including the World Bank and IMF, as part of a broader plan to ‘transform’ the global financial system. See ‘Our progress and plan towards a net-zero global economy’.
But this report makes it clear that GFANZ will simply employ the same exploitative tactics that the ‘economic hitmen’ and agents such as the multilateral ‘development’ banks (MDBs) – including the World Bank, Inter-American Development Bank, Asian Development Bank, the African Development Bank and the European Bank for Reconstruction and Development – have long used to force even greater deregulation on ‘developing’ countries to facilitate supposedly climate and environmentally-friendly investments by alliance members. In fact, composed of several “subsector alliances”, including the Net Zero Asset Managers Initiative, the Net Zero Asset Owner Alliance and the Net Zero Banking Alliance, GFANZ commands ‘a formidable part of global private banking and finance interests’. Moreover, the ‘largest financial players’ who dominate GFANZ include the CEOs of BlackRock, Citi, Bank of America, Banco Santander and HSBC as well as the CEO of the London Stock Exchange Group and chair of the Investment Committee of the David Rockefeller Fund. In essence then, as Whitney Webb goes on to explain it:
[T]hrough the proposed increase in private-sector involvement in MDBs, such as the World Bank and regional development banks, alliance members seek to use MDBs to globally impose massive and extensive deregulation on developing countries by using the decarbonization push as justification. No longer must MDBs entrap developing nations in debt to force policies that benefit foreign and multinational private-sector entities, as climate change-related justifications can now be used for the same ends….
Though GFANZ has cloaked itself in lofty rhetoric of ‘saving the planet,’ its plans ultimately amount to a corporate-led coup that will make the global financial system even more corrupt and predatory and further reduce the sovereignty of national governments in the developing world. See ‘UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System’.
But, again, it is not just their fellow human beings over whom the Elite wants total control. They want that control over nature too, and that is yet another project in which the Elite has been long engaged.
Hence, in September 2021, the New York Stock Exchange (NYSE) announced the launch of a new asset class, jointly developed with Intrinsic Exchange Group (IEG) – whose founding investors included the Inter-American Development Bank and the Rockefeller Foundation – for Natural Asset Companies: ‘sustainable enterprises that hold the rights to ecosystem services’ that enable natural asset owners ‘to convert nature’s value into financial capital, providing additional resources necessary to power a sustainable future’.
According to the IEG: ‘Natural areas, underpinned by biodiversity, are inherently valuable in and of themselves.’ See ‘Natural Areas’. Either unaware of their ignorance or, perhaps, making hypocritically tokenistic use of some key words often-expressed by indigenous peoples and deep ecologists (including the inventor of the term ‘deep ecology’, Professor Arne Naess, in his 1973 article ‘The Shallow and the Deep, Long-Range Ecology Movement’) – the IEG goes on to express this ‘value’ in strictly economic terms: ‘They also contribute life supporting services upon which humanity and the global economy depends. These include provisioning services such as food, water, timber, and genetic resources; regulating services that affect climate, floods, disease, and water quality; cultural services that provide recreational, aesthetic, and spiritual benefits; and supporting services such as soil formation, photosynthesis, and nutrient cycling.’
Elaborating the IEG’s delusional conception of how further business investment in natural resources will work, Douglas Eger, the CEO of IEG, suggests that ‘This new asset class on the NYSE will create a virtuous cycle of investment in nature that will help finance sustainable development for communities, companies and countries.’ Really? I wonder how. But IEG’s motives are more likely revealed in this fact: ‘The asset class was developed to enable exposure to the opportunities created by the estimated $125 trillion annual global ecosystem services market, encompassing areas such as carbon sequestration, biodiversity and clean water.’
Hence, to clarify: corporations are now engaged in the largest land and resource grab in history. This will enable Elite corporations to privately own the ecosystem services of a pristine rainforest, a majestic waterfall plunging into a lagoon, an expansive grassland, a picturesque cave, a magnificent wetland, a trout-filled lake, a beautiful coral reef or other natural area and then sell clean air, fresh water, pollination services, food, medicines, and a range of biodiversity services such as the enjoyment of nature, while displacing the world’s remaining indigenous populations.
So what about the Commons? ‘The Commons is property shared by all, inclusive of natural products like air, water, and a habitable planet, forests, fisheries, groundwater, wetlands, pastures, the atmosphere, the high seas, Antarctica, outer space, caves, all part of ecosystems of the planet.’ Or are corporations finally about to own the Commons as well? See ‘Mother Nature, Inc.’
Are we to reduce everything in nature to its value as a profit-making commodity?
As Robert Hunziker concludes his own critique of this initiative: ‘The sad truth is Mother Nature, Inc. will lead to extinction of The Commons, as an institution, in the biggest heist of all time. Surely, private ownership of nature is unseemly and certainly begs a much bigger relevant question that goes to the heart of the matter, to wit: Should nature’s ecosystems, which benefit society at large, be monetized for the direct benefit of the few?’ See ‘Mother Nature, Inc.’
But if you believe that corporations – extensively documented to destroy pristine natural environments in their rapacious efforts to exploit fossil fuels, minerals, rainforest products and a vast range of other products, as well as force indigenous peoples off their land to do so: see, for example, ‘Seven (of Hundreds) Environmental Nightmares Created by Open Pit Mines (and the Obligatory Tailings Ponds) that have Caused Irremediable, Highly Toxic Contamination Downstream’ – are about to become ‘virtuous investors’ in nature when 4 billion years of Earth’s history and 200,000 years of indigenous people living harmoniously with nature have an impeccable record of preserving ecosystems and their services, without the involvement of these ‘virtuous investors’, then you will do extremely well on any gullibility test you attempt.
In Part 2 of this investigation, I will examine how the Global Elite is implementing its final coup to take complete technocratic control over all life on Earth and what we must do to prevent this happening.
I thank Anita McKone for thoughtful suggestions to improve the original draft of this investigation.
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 here. He is a regular contributor to Global Research.
Central bankers and international corporate financiers have long been pretending to hate the very concept of cryptocurrencies like Bitcoin and Etherium while at the same time investing heavily in blockchain technologies and infrastructure. The purpose of the ruse is not clear, but more than likely it was an attempt at mass reverse psychology – “We don’t like crypto and digital currencies because we supposedly have no control over them; free market proponents should embrace them blindly because that is how you will beat us.”
In the meantime, while major banking firms are investing billions into various blockchain products, central banks and global institutions like the BIS and IMF have been developing their own systems. In fact, the BIS notes with enthusiasm that around 90% of central banks around the world are already in the process of adopting CBDCs.
But why would anyone want to use government and establishment bank controlled cryptocurrencies when they have access to Bitcoin and dozens of other coins that are supposedly independent? Why trade freedom for more centralization?
First, existing cryptocurrencies are not as free as many people believe, with ample government tracking of blockchain transactions in place for years, the notion of the completely anonymous crypto user is a bit of a fantasy, and the idea that a product such as Bitcoin is going to “bring down” the central banks is becoming less realistic by the year.
Second, the crypto market is highly unstable in part because it is still very limited. While crypto use in America is higher than most other countries with around 12% of people using it as an investment (not as a currency), the rest of the world is mostly uninterested with an estimated global footprint of around 4%. Of that 4% only a handful of people actually own the majority of the market; these people are known as “whales” and they have the ability to tip the market up or down with little effort.
This happens in many other trade commodities and paper currencies also. The point is, crypto is not immune to manipulation.
Third, crypto is enticing to people because of the quick profits that can be had, but massive losses are also a danger. The overall crypto market has plunged by $2 trillion in the past year alone – Over 60% of its value. The implosion of huge trading companies like FTX also undermines the stability of the market and usually it’s the average investor that ends up suffering the consequences.
All of these factors and more can be used by banking elites as a rationale for the implementation of CBDCs and global regulation of crypto trading. And, if the bloodbath in existing coins continues, people may even welcome CBDCs as a “safe” investment or currency system.
The investment losses in blockchain products along with the scandals in exchanges is a rather convenient opportunity for the banking establishment to promote their own currencies as a replacement. In the wake of the FTX event, multiple international banks including JP Morgan and Goldman Sachs have called for government regulation and a shift over to CBDCs.
The US House has scheduled hearings on FTX with an emphasis on regulation. In Europe, globalist Christine Lagarde and the ECB are calling for global cooperation on monitoring and controlling cryptocurrencies. Lagarde wants a “digital Euro” to take the place of existing coins and blames FTX and the larger market losses on lack of oversight.
Numerous crypto analysts are also demanding regulation, calling crypto “broken and useless” until governments step in to mediate (control) trade. This is the exact opposite of what crypto activists originally intended over a decade ago when Bitcoin was in its infancy, and digital trade back then was sold as some kind of revolution against the banking oligarchy. However, it’s easy to see where this is all going.
It means even more pervasive centralization. With paper currencies at least there is true anonymity, but with CBDCs the existence of the blockchain ledger precludes any and all privacy in trade. Not only that, but the institutional ability to cut off people from their wealth and economic access is going to be profound. If you think corporate and government led cancel culture is bad now, just wait until they can freeze your digital accounts at a moment’s notice because of something you said on social media. And, in a cashless society there are few alternatives beyond some kind of black market.
CBDCs mean the total death of any economic freedom the public has left, and central banks are exploiting disasters like FTX to make that death happen even faster.
Greed is a powerful motivation to be an ardent believer in the central banking cult.
The ideal cult convinces its followers that it isn’t a cult, it’s simply the natural order of things. In current terms, this normalizes insane behaviors and beliefs. Sacrificing youth to appease the gods isn’t a cult; it’s simply the natural order of things. If we don’t sacrifice youth, bad things will happen, so we have to follow the natural order of things.
Despite the lofty claims made by our rational mind, we want to hear and obey the voices of the gods. This non-rational desire is the root of cults and episodes of mass hysteria, i.e. the madness of crowds.
Humanity is in the grip of the secular cult of central banking. The cult’s seers and prophets periodically emerge with arcane signs and readings, offering divinations to guide the followers.
The motivation to believe the cult is the natural order of things is powerful: greed. Those who heed the oracles of the cult enrich themselves, unbelievers impoverish themselves.
Rationalists outside the cult discern the structure of the cult and its core beliefs. The cult creates credit and “money” out of thin air and distributes it to the few extremely wealthy to further expand their wealth. These few do not improve productivity or the well-being of the many; they use the cult’s gifts to exploit the cult’s rigged casino of speculation to maximize their private gains.
In other words, the cult benefits the few at the expense of the many while proclaiming it benefits everyone. This is of course insane. The cult’s core beliefs are: 1) enriching the already-rich magically trickles down benefits to the masses, and 2) this vast enrichment of the already-wealthy is cost-free. The economy prospers with no downside or consequences other than the glorious expansion of wealth at the top and the trickle-down of sweet goodness to the masses.
This is of course insane. The costs are borne by the masses and by the socio-economic system, which is now in thrall to a cult that has made the economy dependent on an ever-expanding credit bubble which feeds an ever-expanding asset bubble, which then enables a further expansion of credit which then fuels ever-higher assets prices.
And so on, forever, because the cult and its ever-expanding bubble are the natural order of things. If we don’t sacrifice the many to benefit the few, the sun will stop rising and the Earth will be cast into endless shadow.
This is of course insane, but greed is a powerful motivation to be an ardent believer in the central banking cult. Expanding credit based on the expanding collateral of asset bubbles, each feeding the other, is held up not as insane but as a financial perpetual-motion machine, overseen and managed by the seers and prophets of the central bank cult. Followers heeding the cult’s oracles become rich, non-believers and skeptics become impoverished.
Alas, cults and bubbles both come to an inglorious end. What seemed self-evidently true for the ages is revealed as a brief moment of self-serving delusion, supported by the immense powers of greed and the madness of crowds.
Do you hear the voices of the gods? Yes, yes, oh yes.
Over the last few years, an unwelcome phrase has grown to plague American consumers and producers alike: supply chain issues. The recurring term is frequently offered by mainstream economists as the go-to explanation for record inflation, while the Biden Administration has seemingly twisted it into a sign of economic recovery. Commerce Secretary Gina Raimondo states,
“What we have here is a demand issue. The economy is doing better… People have money in their pocket. They’re spending that money. Demand is through the roof… Supply has to catch up.”
Although Raimondo said this back in October 2021, inflation has only worsened from an annual rate of 6.2 percent to 7.7 percent more than twelve months later, leading one to wonder if the Secretary is right that inflation is a matter of supply chains adjusting to an increase in wealth. Yet as it turns out, in the words of the Mises Institute’s Ryan McMaken, “the administration’s defenders are right about consumer demand and spending – even if for the wrong reasons.”
That is, although we’re indeed witnessing a large spike in demand (which is perhaps best quantified by changes in nominal GDP), this increase in demand is a symptom of a larger problem: the massive expansion of the money supply under the watch of the Federal Reserve and the White House. The implications of this unprecedented expansion are two-fold, not only stirring this increase in “demand” but contributing to supply chain issues through the distortion of price signals.
The Money Supply and Demand
With state governments responding to the rise of Covid-19 by imposing lockdowns and forcibly closing “non-essential businesses,” both the Fed and the Trump and Biden Administrations stepped in with an extraordinarily expansive monetary and fiscal policy, respectively.
M2 is a figure for the money supply, which surged by more than $6.2 trillion, a 40 percent increase, between February 2020 and February 2022. This is the result of a variety of initiatives, from the Fed’s quantitative easing and purchase of over $2 trillion in assets to new federal programs such as stimulus checks, PPP loans, and the $1.9 trillion American Rescue Plan Act.
Through these ventures that flooded the economy with new cash, Americans indeed had more money in their pockets. The problem is, obviously, that such money soon became worth a lot less. That’s because an increase in the money supply, without a corresponding increase in economic output, means an increase in prices, with more money chasing roughly the same quantity of goods.
This is where Raimondo serves to mislead viewers in her comments; just because Americans have more money, doesn’t mean they’re any wealthier. There certainly is a large spike in demand, but that doesn’t represent an increase in the real wealth of Americans, but an increase in the amount of money they have access to thanks to an unprecedented monetary expansion.
This is perhaps best represented by comparing nominal to real GDP per capita, which is a rough proxy for standard of living:
If you were to look only at nominal GDP per capita (the blue line) you would think that the average American’s wealth has increased greatly since the pandemic. This, however, is incredibly misleading, because it doesn’t take into account inflation and the decreasing value of the dollar.
Inflation and Price Signals
The large demand increase noted by Raimondo and other economists does not reflect a growing economy and an increase in wealth but an increase in the money supply which has created upward pressure on prices. Yet just as the Biden Administration declares that “supply has to catch up,” the ability for producers to do so has been greatly strained by inflation (not to mention the aforementioned lockdowns).
That’s because of the role prices—which economist Alex Tabarrok refers to as “a signal wrapped up in an incentive” —play in coordinating economic activity. Changes in prices usually convey changes in the scarcity and demand for different goods, products, and resources. When the price of something in a company’s supply chain increases, this hurts the company’s profitability and incentivizes it to economize and find a more efficient alternative.
On a macro scale, economic growth (or recovery) comes through thousands, if not millions, of businesses and firms finding new ways to innovate and maximize profits, which is the result of comparing the prices of alternative inputs and production methods. Inflation, by raising the general price level of the economy and often affecting the price of each good differently, can cause economic discoordination and confusion because prices no longer reflect changing efficiencies and scarcities.
Even if inflation impacted all prices equally, we still wouldn’t know to what extent a rise in the price of a certain resource reflects actually important information about it, given that the rate of inflation is always changing and can only be measured in hindsight.
In the context of the last few years, this has meant that firms have essentially been blindfolded, piecing back together supply chains forcibly closed during the pandemic without the ability for prices to convey the efficiency of competing alternatives. This is exactly why “supply chain issues” has continued to be a lingering excuse for inflation and shortages, with Volkswagen chief executive Oliver Blume going so far as to say that, “Challenges to our supply chains will become the rule, not the exception.”
Nor is this a relatively recent phenomenon. Paul Volcker, the late Fed Chairman notable for remedying the United States’ last encounter with runaway inflation in the late 1970s and early 1980s, observed that, “The inflationary process itself brought so many dislocations, and stresses and strains that you were going to have a recession sooner or later.”
Given the fact that the United States technically entered a recession during the first half of 2022—at least according to a common definition of recession—Volcker’s words proved prescient. Not only has an unprecedented monetary expansion under the purview of the Fed and White House triggered a dangerous period of inflation; the inflation has also caused disruptions to the supply chain, which agencies (ironically) use as a scapegoat for inflation.
Now, with economic growth stagnant and inflation persisting at high levels, the fate of supply, demand, and the price signals that they convey rests in the hands of the problems’ culprits.
Thanks to the FTX swindle, we now know the cost of a get out of jail free card in America: $40 million, paid to political elites. It seems even get out of jail free cards have suffered from inflation.
With hefty “donations” (heh) to elites, all wrong-doing is swept under a very capacious carpet. Jeffrey Epstein sprinkled a few million on the elites of Harvard, and he was ushered into this elite circle as an intimate pal. The fact that he was a rapacious predator of children was of no concern. A few million showered on the right people and causes makes evil and criminality disappear.
If a financier looter showers $40 million on “the right people,” mouths the “correct” phrases and issues empty promises to give away his looted billions, he becomes an instant golden boy of the right elites who have the power to protect him from consequences.
This is how America works now: in-your-face corruption is not just accepted, it’s glorified. Let’s score America’s wealth and power elites, regardless of party or political persuasion:
Integrity: zero.
Austerity: zero.
Restraint: zero.
Humility: zero.
Responsibility: zero.
Accountability: zero.
Sacrifice for the common good: zero.
Thrift: zero.
A society whose elites are so self-serving, corrupt, unaccountable and devoid of any sense of good and evil is doomed. Consider the bleatings of America’s power elite on the FTX swindle. Let’s have congressional hearings on this remarkable “financial event” that caught everyone by surprise, etc.
Translation: let’s stage some political theater to cloak the fact that the looters are being protected from consequences. We all know what happens if you’re caught selling a nickel bag on the street: you get a tenner in a hellhole prison.
But if you bribed the right people, you can swindle billions of dollars and walk free as an insincerely apologetic victim of your own success. Golly gee, I don’t understand what happened to all that money, even though I’m not exactly shy about declaring my own genius.
For reasons lost on the rest of us, investigations by the Securities and Exchange Commission (SEC) and the U.S. Department of Justice (DOJ) always come up empty. Gee, the looting was complicated and we can’t figure out who might have broken the laws against fraud, collusion, embezzlement, malfeasance, etc., so we’re letting everyone off the hook.
Or some sleazy, unaccountable intelligence agency is referenced in whispers that the looters are “assets” and therefore untouchable. Where exactly is the rule of law in a society where bribes, political pressure and having knowledge of elites’ skeletons in the closet melt away accountability and consequences?
The rule of law in America is an illusion, a useful myth promoted by PR hacks to cover the tracks of their employers. Corporate wrong-doing–swindles, collusion, fraud, embezzlement, malfeasance–is off the charts, but nobody is responsible. The criminal corporations are duly fined, a tiny clawback of their looting that’s written off as a cost of doing business.
There are two systems of “justice” in America: one which grants elites freedom from consequences of their toxic criminality and another one for the rest of us that imprisons hundreds of thousands in the War on Drugs Gulag.
What all the entrenched insiders in America’s parasitic, predatory elites and institutions don’t dare admit is that to protect themselves from consequence, we’ve had to sacrifice everything else. Having stripped the nation of the essential foundation of a just, enduring social order–accountability, consequence, rule of law and a grasp of the difference between good and evil–there’s nothing left but sound and fury, as if they’re hoping the endless political circuses and trails of bread crumbs will forever distract us from their plunder and the injustices of the irredeemably corrupt America they’ve fashioned to protect their wealth and power.
To paraphrase Lao Tzu, if one insists on an extreme of corruption and injustice, that extreme will not dwell long.
We can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse).
When the fundamentals of life change, every organism must evolve or die. This is equally true of human organizations, societies and economies.
Evolution requires conserving what still works and experimenting until something comes along that works better. We call the fundamentals changing selective pressure and the process of experimenting with mutations / variations natural selection.
In genetic and epigenetics, this process is automatic. In human organizations, those in power influence the choice of what is conserved or replaced and what it’s replaced with. Those who benefit from the current arrangement will fight to conserve it as is, while those being weakened by selective pressure and those hoping to gain advantages with a new arrangement will fight for replacing the old with the new.
Longtime correspondent Ron G. recently shared an insightful economic characterization of this dynamic: wealth defense vs wealth creation. Those holding the system’s wealth have few incentives to risk changing the system, as those changes could undermine or erode their wealth. They have incentives to limit evolutionary forces that threaten their wealth as a means of defending their wealth.
Those who have lost wealth and those with little wealth have incentives to change the system to favor wealth creation.
We can describe the first as orthodoxy–evolution threatens the stability of the status quo, so limit evolution to the margins–and heretics being the second option that tosses out the status quo in favor of a more advantageous variation.
This isn’t either / or, of course. As Ron points out, corporations have incentives to both conserve stability and embrace variations that increase revenues and profits by expanding the markets for the company’s products. In Ron’s words: “The function of orthodoxy or corporate policy / rigor is to mitigate variations that would decrease stability.”
In other words, there’s a danger of throwing the baby out with the bath water. Dynamic equilibrium is based on a constant flux of variations and experiments–that is, low-level instability–continually modifying the system to maintain core stability.
Without this constant flux of low-level instability, sources of instability pile up, unnoticed and uncorrected, until they become consequential enough to destabilize the entire system. The system implodes, crashes, unravels, etc.
We can understand this flux of variations and experiments as evolutionary churn, and this churn requires two things: a steady flow of mutations / variations to feed the process of experimentation, and transparency so advantageous variations aren’t suppressed. In a transparent evolutionary system, data and information about each variation and experiment flows freely between all nodes in the system.
You see the problem. Those benefiting from the status quo are threatened by variations that could replace whatever is defending their wealth. Those in power benefit from the status quo, so their Job One is to suppress evolution by limiting transparency and variations, which include dissent.
Theoretically, those in power favor evolutionary advances that enhance their power and wealth, but anything that powerful is generally a two-edged sword: modified slightly, it could disrupt the entire status quo and fatally undermine their power.
So the safe bet is to suppress all evolutionary churn except those improvements which can be used to further cement their power. These are by definition autocratic.
You see the delicious irony: autocrats suppress evolutionary churn and transparency as threats, but evolutionary churn and transparency are the essential forces maintaining the system’s dynamic equilibrium. Once the system’s dynamic equilibrium decays, systemic instability builds up and eventually brings the entire system crashing down.
Because this process is obscured by authoritarian suppression of transparency, “nobody saw it coming.”
As those in power adopt ever stronger authoritarian measures to limit the potential threats of evolutionary churn and transparency, they accelerate the fatal instabilities building up within their self-serving, kleptocratic social, political and economic systems.
By suppressing the evolutionary churn and transparency that maintain the system’s dynamic equilibrium, they doom their regime to collapse.
The crystal ball isn’t cloudy, it’s crystal-clear: rising instability leading to collapse. “Nobody saw it coming” except those who understand evolution requires evolutionary churn and transparency.
Collapse is a perfectly good evolutionary solution. Stability is either dynamic or it’s not actually stable; it’s merely a simulacrum of stability sliding toward instability and ruin.
The better option is to embrace evolutionary churn and transparency and accept the trade-off: we can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse). Choose wisely, for once systems collapse there’s no turning back the clock.
Douglas Rushkoff has an article (based on his latest book) called “The super-rich ‘preppers’ planning to save themselves from the apocalypse,” in The Observer.
This excerpt gives you an idea of how the barbaric brain of a billionaire operates:
Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system, and asked: “How do I maintain authority over my security force after the event?” The event. That was their euphemism for the environmental collapse, social unrest, nuclear explosion, solar storm, unstoppable virus, or malicious computer hack that takes everything down.
This single question occupied us for the rest of the hour. They knew armed guards would be required to protect their compounds from raiders as well as angry mobs. One had already secured a dozen Navy Seals to make their way to his compound if he gave them the right cue. But how would he pay the guards once even his crypto was worthless? What would stop the guards from eventually choosing their own leader?
The billionaires considered using special combination locks on the food supply that only they knew. Or making guards wear disciplinary collars of some kind in return for their survival. Or maybe building robots to serve as guards and workers – if that technology could be developed “in time.” It’s as if they want to build a car that goes fast enough to escape from its own exhaust
I tried to reason with them. I made pro-social arguments for partnership and solidarity as the best approaches to our collective, long-term challenges. The way to get your guards to exhibit loyalty in the future was to treat them like friends right now, I explained. Don’t just invest in ammo and electric fences, invest in people and relationships. They rolled their eyes at what must have sounded to them like hippy philosophy.
After reading that, you may be wondering if the rich are brain-damaged. To which I reply: Why weren’t you thinking that all along and yes, they are brain-damaged. Some studies to consider:
There’s plenty more where that came from but, of course, all such “research” must be viewed with healthy skepticism. Personally, since I’m justifiably wary of “studies,” I’ll just look around to see — with my own three eyes — how the wealthiest humans on the planet have behaved since, well… forever.
Or consider the words of the immortal Dorothy Parker: “If you want to know what God thinks of money, just look at the people he gave it to.”
Translation: The billionaires are not going to save you — or ever help you. They’re running scared to get their brain-damaged butts into bunkers.
So, connect with your peers. Connect across “party” lines and ideological hive minds. Toss away your purity litmus tests and find common ground.
What will save us is what always saves us: community, resilience, compassion, open-mindedness, innovation, and imagination.