I don’t have to tell you that your money doesn’t go as far as it once did. You see it every time that you go shopping. Our leaders flooded the system with money and pursued highly inflationary policies for years, and now we are all paying the price. The cost of living has been rising much faster than our incomes have, and this is systematically destroying the middle class. Survey after survey has shown that a solid majority of the population is living paycheck to paycheck, and at this point most U.S. consumers are tapped out. In fact, one brand new survey just discovered that 57 percent of Americans cannot even afford to pay a $1,000 emergency expense…
According to Bankrate’s Annual Emergency Fund Report, 68% of people are worried they wouldn’t be able to cover their living expenses for just one month if they lost their primary source of income. And when push comes to shove, the majority (57%) of U.S. adults are currently unable to afford a $1,000 emergency expense.
When broken down by generation, Gen Zers (85%) and Millennials (79%) are more likely to be worried about covering an emergency expense.
These numbers are quite ominous, because they clearly demonstrate that we are completely and utterly unprepared for any sort of a major economic downturn.
And thanks to the rapidly rising cost of living, we are losing even more ground with each passing month.
Nearly three-quarters, or 72%, of middle-income families say their earnings are falling behind the cost of living, up from 68% a year ago, according to a separate report by Primerica based on a survey of households with incomes between $30,000 and $100,000. A similar share, 74%, said they are unable to save for their future, up from 66% a year ago.
We haven’t experienced anything like this in the United States in decades.
When I walked into a Walmart store the other day, I was shocked by how high the prices are now.
Isn’t Walmart supposed to be the place with “low prices every day”?
Well, the prices were certainly not “low” when I walked through the store.
And I was stunned to learn that McDonald’s is now selling one hash brown for three dollars.
I am sure that many of you can remember a time when they were 50 cents.
Sadly, those days are not coming back.
Food prices are going to continue to go up, and the CEO of Unilever recently admitted that his company has actually “been accelerating the rate of price increases that we’ve had to put into the market”…
“For the last 18 months we’ve seen extraordinary input cost pressure … it runs across petrochemical derived products, agricultural derived products, energy, transport, logistics,” he said.
“It’s been feeding through for quite some time now and we’ve been accelerating the rate of price increases that we’ve had to put into the market,” he added.
US retail sales continued their fall in December, dropping by 1.1% as inflation remained high, the Commerce Department reported Wednesday.
That’s the largest monthly decline since December 2021, and practically every category (except for building materials, groceries and sporting goods) saw sales drop from the prior month.
U.S. existing home sales slowed for the 11th consecutive month in December as higher mortgage rates, surging inflation and steep home prices sapped consumer demand from the housing market.
-More Americans than ever before are being forced to pay at least 30 percent of their incomes on rent…
The average US household is now considered ‘rent-burdened’ as a record-high number of people are spending more than 30 percent of their income on rent.
According to Moody’s Analytics’ latest affordability report, the national average rent-to-income (RTI) ratio reached 30 percent for the first time since the company began tracking the data more than 20 years ago.
U.S. consumers are being stretched financially like never before, and many are turning to debt to help them maintain their current lifestyles.
As a result, the savings rate has plunged to a historic low, credit card debt has surged to a record high, and the average rate of interest on credit card balances has also risen to a record high. As Zero Hedge has aptly noted, this is “nothing short of catastrophic”…
The combination of record high credit card debt and record high credit card interest is nothing short of catastrophic for both the US economy, and the strapped consumer who has no choice but to keep buying on credit while hoping next month’s bill will somehow not come. Unfortunately, it will and at some point in the very near future, this will also translate into massive loan losses for US consumer banks; that’s when Powell will finally panic.
For a long time, we have been warned that the very foolish economic policies that our leaders were implementing would have deeply tragic consequences.
And now it is starting to happen right in front of our eyes.
Sadly, the truth is that this is just the beginning.
The entire system is cracking and crumbling all around us, and there is much more pain ahead.
Saudi Crown Prince Mohammed bin Salman, Masayoshi Son, SoftBank Group Corp. Chairman and CEO, and Christine Lagarde, International Monetary Fund (IMF) Managing Director, attend the Future Investment Initiative conference in Riyadh, Saudi Arabia October 24, 2017. REUTERS/Faisal Al Nasser
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
These sentiments are not only pervasive among mainstream economists, they are also all over the place within the alternative media. I suspect the main hang-up for liberty movement analysts is the notion that the globalist establishment would ever allow the dollar or the US economy to fail. Isn’t the dollar system their “golden goose”?
The answer is no, it is NOT their golden goose. The dollar is just another stepping stone towards their goal of a one-world economy and a one-world currency. They have killed the world reserve status of other currencies in the past, why wouldn’t they do the same to the dollar?
Globalist white papers and essays specifically outline the need for a diminished role for the US currency as well as a decline in the American economy in order to make way for Central Bank Digital Currencies (CBDCs) and a new global currency system controlled by the IMF. I warned about this years go, and my position has always been that the derailment of the dollar would likely start with the end of its petro status.
In 2017 I published an article titled ‘Saudi Coup Signals War And The New World Order Reset’. I noted at the time that the sudden power shift over to crown prince Mohammed Bin Salman indicated a change in Saudi Arabia’s relationship to the US. I stated that:
“To understand how drastic this coup has been, consider this — for decades Saudi Kings maintained political balance by doling out vital power positions to separate, carefully chosen successors. Positions such as Defense Minister, the Interior Ministry and the head of the National Guard. Today, Mohammed Bin Salman controls all three positions. Foreign policy, defense matters, oil and economic decisions and social changes are now all in the hands of one man.”
The rise of MBS was backed by the Public Investment Fund (PIF), a fund comprised of trillions of dollars supplied by globalists within Carlyle Group (Bush family, etc.), Goldman Sachs, Blackstone and Blackrock. MBS garnered the favor of the globalists for one specific reason – He openly supported their “Vision For 2030”, a plan for the dismantling of “fossil fuel” based energy and the implementation of carbon controls. Yes, that’s right, the head of Saudi Arabia is backing the eventual end of oil based energy, and part of that includes the end of the dollar as the petro currency.
In exchange for their cooperation, the Saudis are being given access to ESG-like funding as well as access to AI advancements and the so-called “digital economy.” It sounds crazy, but there is much talk of AI developments to cure numerous health problems and extend lifespan. With those kinds of promises, it’s not surprising that Saudi elites would be willing to dump the dollar and even oil.
In 2017 I noted that:
“I believe the next phase of the global economic reset will begin in part with the breaking of petrodollar dominance. An important element of my analysis on the strategic shift away from the petrodollar has been the symbiosis between the U.S. and Saudi Arabia. Saudi Arabia has been the single most important key to the dollar remaining as the petrocurrency from the very beginning.”
I believed that the threat to petro status would ultimately be spurred on by a proxy war between East and West:
“World economic war is the real name of the game here, as the globalists play puppeteers to East and West. It is a geopolitical crisis they will have created to engineer public support for a solution they predetermined.”
Back then I thought that such a proxy war would be initiated in the Middle East, possibly in Iran. However, it’s clear that Ukraine is the powderkeg the globalists have chosen, at least for now, with Taiwan being the next shoe to drop.
In the years since I made these predictions the relationship between Saudi Arabia, Russia and China has grown very close. Arms deals and energy deals are becoming a mainstay of trade and this has led to a quiet but steady distancing of the Saudis from the dollar. This past week, the dominoes were set in motion for dollar collapse when Saudi Arabia announced at Davos that they are now willing to trade oil in alternative currencies.
In response, Xi Jinping pledged to ramp up efforts to promote the use of the Chinese yuan in energy deals. This falls in line with another article I wrote in 2017 titled ‘The Economic End Game Continues,’ in which I described how conflict with Eastern nations (China and Russia) would be exploited to create a catalyst for the end of the dollar’s petro status.
The importance of the Saudi announcement cannot be overstated; this is the beginning of the end of the dollar. The dollar’s world reserve status is largely dependent on its petro-status. Without one, you cannot have the other. This is almost the exact same dynamic that led to the implosion of the British Sterling decades ago as the global petro currency which resulted in the rise of the dollar to take its place.
This time, though, it will not be a single foreign currency that takes on the role of world reserve, it will be a basket currency system controlled by the IMF called Special Drawing Rights, along with a single global digital currency that is yet to be named but is now under development.
The consequences of the loss of reserve status will be devastating to the US economy. It is the only glue holding our system together – The ability to defer inflation by exporting it overseas is a superpower only the US enjoys. The Fed can print money perpetually if it wants to in order to fund the government or prop up US markets, as long as foreign central banks and corporate banks are willing to absorb dollars as a tool for global trade. If the dollar is no longer the primary international trade mechanism, the trillions upon trillions of dollars the Fed has created from thin air over the years will all come flooding back to the US through various avenues, and hyperinflation (or hyperstagflation) will be the result.
This dynamic is already in play, as foreign holders of US debt and dollars have been dumping them at record pace since 2017. The process continues at a time when the Federal Reserve is cutting it’s balance sheet and raising interest rates, which means there is no longer a buyer of last resort.
This may be why multiple foreign central banks have renewed their purchases of gold reserves and are once again stockpiling precious metals. They seem to be well aware of what is about to happen to the dollar, while the American public is kept in the dark.
The effects of the decline of the dollar may not be immediately felt, or become obvious for another year or two. What will happen is consistent inflation on top of the high prices we are already dealing with. Meaning, the Federal Reserve will continue to hold interest rates higher and prices will barely budge or they may climb in spite of monetary tightening. Even in the face of a major recessionary contraction, which I predict will be triggered starting in April, prices will STILL remain higher.
All the while the mainstream media and government economists will say they have “no idea” why inflation is so persistent, and that “nobody could have seen this coming.” Some of us saw it coming, but only because we accept the reality that the dollar’s days are numbered.
The signs are already present and obvious, but the overall economic picture probably won’t be acknowledged in the mainstream until the situation becomes much worse (as if it’s not bad enough). It’s a problem that arises at the onset of every historic financial crisis – Mainstream economists and commentators lie to the public about the chances of recovery, constantly giving false reassurances and lulling people back to sleep. Even now with price inflation pummeling the average consumer they tell us that there is nothing to worry about. The Federal Reserve’s “soft landing” is on the way.
I remember in 2007 right before the epic derivatives collapse when media pundits were applauding the US housing market and predicting even greater highs in sales and in valuations. I had only been writing economic analysis for about a year, but I remember thinking that the overt display of optimism felt like compensation for something. It seemed as if they were trying to pull the wool over the eyes of the public in the hopes that if people just believed hard enough that all was well then the fantasy could be manifested into reality. Unfortunately, that’s not how economics works.
Supply and demand, debt and deficit, money velocity and inflation; these things cannot be ignored. If the system is out of balance, collapse will set its ugly foot down somewhere and there’s nothing anyone including central banks can do about it. In fact, there are times when they deliberately ENGINEER collapse.
This is the situation we are currently in today as 2022 comes to a close. The Fed is in the midst of a rather aggressive rate hike program in a “fight” against the stagflationary crisis that they created through years of fiat stimulus measures. The problem is that the higher interest rates are not bringing prices down, nor are they really slowing stock market speculation. Easy money has been too entrenched for far too long, which means a hard landing is the most likely scenario.
In the early 2000s the Fed had been engaged in artificially low interest rates which inflated the housing and derivatives bubble. In 2004, they shifted into a tightening process. Rates in 2004 were at 1% and by 2006 they rose to over 5%. This is when cracks began to appear in the credit structure, with 4.5% – 5.5% being the magic cutoff point before debt became too expensive for the system to continue the charade. By 2007/2008 the nation witnessed an exponential implosion of credit, setting off the biggest money printing bonanza in US history in order to save the banking sector, at least for a time.
Since nothing was actually fixed by the Fed back then, I will continue to use the 5% funds rate as a marker for when we will see another major contraction. The difference this time is that the central bank does not have the option to flood the economy with more fiat, at least not without immediately triggering a larger stagflationary spiral. I am also operating on the premise that the Fed WANTS a crash at this time.
“Mainstream financial commentators want to believe the Fed will capitulate because they desperately want the party in stock markets to continue, but the party is over. Sure, there will be moments when the markets rally based on nothing more than a word or two from a Fed official planting false hopes, but this will become rare. Ultimately, the Fed has taken away the punch bowl and it’s not coming back. They have the perfect excuse to kill the economy and kill markets in the form of a stagflationary disaster THEY CAUSED. Why would they reverse course now?”
For many years now I have been examining the policies and behaviors of the Federal Reserve because they are in fact the most powerful institution in the US, with far more influence over the fate of America than any single president or branch of government. They have the power to end the economic life of our country in a matter of moments. They hold their finger on the button of multiple financial nuclear bombs, and to this day there are people that still pretend as if they are a mere moderating presence subservient to the White House or Congress.
This is a fallacy proven by history and the admissions from central bankers own mouths. The Fed answers to no one in our government. They answer to a different set of masters, and the blame for the consequences of their policies falls to them and their cohorts.
Last year I published an article titled ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error.’ In that article I predicted that the Fed would embark on a hiking spree on interest rates in response to inflationary/stagflationary events. I noted that:
“We are now at that stage again where price inflation tied to money printing is clashing with the stock market’s complete reliance on stimulus to stay afloat. There are some that continue to claim the Fed will never sacrifice the markets by tapering. I say the Fed does not actually care, it is only waiting for the right time to pull the plug on the US economy.”
At the time I received a lot of resistance to the idea. The usual argument was: “The fed will never raise rates and put stock markets at risk. Why would they destroy the golden goose?”
This position showcases a common misconception about the central bank and its purpose. You see, a lot of people think the Fed exists to keep the US economy afloat, and specifically to keep stock markets afloat. This is incorrect. Every single policy of the Fed since its inception has been a long train of abuses designed to slowly and scientifically whittle down the US economy and bring it to the point of extinction.
The next most common argument is: “Wouldn’t the fed sabotaging the economy eventually destroy them as well?”
The answer is YES, and they don’t care. If you have read my previous work on this issue then you know that the Fed is inexorably tied to the Bank for International Settlements (the “central bank of central banks”) and that they call the shots in terms of coordinated global banking initiatives. The BIS is a globalist institution, not an American one, and its agenda is ideologically globalist in nature. The Fed is a servant of globalism; and if the US economy or our currency need to be brought down through a controlled demolition in order to make the globalist dream of a one world socialist “Utopia” come true, that is exactly what the Fed will do.
I was able to predict that the Fed would continue onward with its interest rate hikes and hawkish position only because I acknowledge what the Fed really is: A suicide bomber. And, they have decided the time is ripe to hike interest rates into economic weakness, just like they did at the onset of the Great Depression.
At the beginning of the Depression the Fed increased interest rates after years of artificially stimulating markets with low cost debt. This prolonged the deflationary crash for many years after. It was not until decades later when former Fed chair Ben Bernanke gave a speech celebrating economist Milton Friedman’s 90th birthday that a central bank official finally admitted that the organization was culpable for the Depression debacle.
“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” – Ben Bernanke, 2002
What Ben Bernanke did not admit to was that the engineered deflationary crisis greatly benefited the allies of the Fed – The international corporate bankers. Companies like JP Morgan and Chase National were suddenly in a prime position to seize unlimited power in the US.
So, they’ve done it before, why wouldn’t they do it again?
The next argument that I hear constantly is that the Fed is “ignorant” and they don’t know what they are doing. This is nonsense. Jerome Powell knows EXACTLY what he is doing, and here is the proof – In October of 2012 the Fed held a meeting in which Powell warned that markets and corporations had become addicted to the Fed’s easy money policies. If they decided to taper their stimulus measures and raise rates, there would be potentially disastrous blowback. Powell argued that:
“…I think we are actually at a point of encouraging risk-taking, and that should give us pause. Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.” – Jerome Powell
As he admitted, it is indeed their strategy. Powell was not the Fed chairman at the time, so he may not have been aware of the full agenda, but he is certainly aware now. Why would Powell undertake the exact policy action he once warned would result in a full spectrum implosion of the credit bubble? Probably because he was told to.
Powell knows the history of the Great Depression and he knows what will happen when the Fed raises rates into economic weakness and he is doing it anyway. He already tried a test run of rate hikes back in 2018 and the results were not hard to figure out; markets began to tank. We should never forget that the central banks are fully cognizant of the effects of their endeavors. As I stated back in February:
“The rate hikes of 2018 were a test run for a more aggressive and deliberately engineered crisis down the road. The Fed has its own agenda, it does not care about protecting U.S. markets, nor does it even care about protecting the U.S. economy in general.
I hold that the Fed is a weapon for social and political change within America and part of its job is to greatly reduce the standard of living of the population while making it appear as if this decline is a “natural” consequence of the U.S. System.”
This leads us to the final question – What happens next?
That’s easy to answer: The fed continues to hike rates well into next year and will not reverse course or capitulate and return to stimulus. The dovish predictions were wrong. The people that said the Fed would not raise rates were wrong. The people that said the Fed would never remove support from stock markets were wrong. This process is ongoing and the effects will grow as the months pass, but those that were hoping for a manic return to the days of bailouts and QE are going to be deeply disappointed.
This is a stagflationary crash, and as such we are going to experience the worst of both deflationary and inflationary worlds. Prices will remain high while GDP goes negative. Sales will decline and jobs will decline as we enter into the end of this year. There is no way around this. The Fed will have all kinds of theories and misdirections on why these things are happening, and they will try to distract the public as much as possible in the meantime.
What the Fed will never do is admit that a crash is happening until it is too late for people to act. They will never warn the populace of the dangers and they will never tell people to prepare. Watch as they tap dance and tell the public that all the pain is “transitory.” Then, watch as the dust settles and they tell people that “no one could have seen this coming.” It’s all very predictable, because it’s all been done before.
The US financial sector has long looted other countries. A number of participants have described the process. First a country is enticed with bribes to the leaders to take out loans that cannot be serviced or repaid. Then in comes the IMF. Austerity is imposed on the population. Public services and employment are cut to free resources for debt service, and public assets are sold to repay the loan. Living standards fall, and US corporations take over the country’s economy.
As foreign governments, having experienced or witnessed the economic carnage and fearing accountability, are less willing to be bribed into indebting their countries, American finance is now applying this technique to Americans. Contrary to the narrative in the financial press, the Federal Reserve is not raising interest rates in order to fight inflation. It is ludicrous to think that a three-quarters of one percent rise in a very low interest rate is going to have any impact on a 9.1% rate of consumer inflation or that speculation that the Federal Reserve has in mind another three-quarters of one percent possibly followed by one half of one percent comprise an anti-inflation policy. If all these increases occur, it still leaves the interest rate below the inflation rate.
Moreover, as I have previously explained, the inflation is not monetary. The higher prices are the result of supply disruptions caused by Washington’s Covid lockdowns and Russian sanctions. Production was stopped and supply chains are broken.
The Federal Reserve’s rise in interest rates is just a continuation of its policy of concentrating income and wealth in the hands of the One Percent. Quantitative Easing was the cloak for the Federal Reserve to print $8.2 trillion in new money which was directed or found its way into the prices of stocks and bonds, thus enriching the small number who own most of these financial instruments. Having maxed out this avenue of wealth concentration, the Federal Reserve is now raising interest rates in order to drive up mortgage costs to aspiring home owners. The Federal Reserve is driving individuals out of the housing market in order to free up properties for “private equity” firms to purchase homes for their rental values. That private equity firms see rental income from the existing stock of houses as the best investment opportunity tells us that the US economy has played out. When investment goes into existing assets, not into producing new assets, the economy ceases to grow.
The Obama regimes policy of bailing out the financial fraudsters responsible for the 2008 crash while foreclosing on their victims, reduced American homeownership from 70% to 63 percent. The Urban Institute predicts further declines. Today homeowners’ equity has declined from 85% after World War II to one-third, leaving two-thirds of homeowner equity in the hands of creditors. This makes it completely clear that a financialized economy indebts the people for the sake of rentier income to the One Percent. Indeed, the financialized economy created by the Federal Reserve has reimposed a class system akin to the landed British aristocracy that was overthrown. Indeed, we have an economically far worst class system. The landed British aristocrats produced food that fed the nation. The American class system produces interest and fees for the financial system.
As Michael Hudson has shown us, a no-growth economy is the end result of a financialized economy. A financialized economy is one in which consumer income is diverted by debt expansion away from the purchase of new goods and services into debt service and fees–interest on mortgages, car loans, credit card debt, student loan debt. With such a large share of household income spent on debt service, little is left for driving the economy forward.
If American economists were capable of escaping from their neoliberal junk economics, they would realize that “the world’s largest economy” they attribute to the United States is total fiction. The fact is that the United States does not have an economy. Corporations driven by Wall Street located American manufacturing in Asia so that the One Percent could benefit from higher profits from lower labor costs, while the deserted city and states had to sell their income streams, such as Chicago’s parking meter revenues for 75 years, to foreigners for one lump sum payment to solve one year’s budget crisis.
The offshoring of American production, carried out under the cloak of “globalism,” destroyed the American economy and the tax bases of cities and states. While the real economy declines, the Democrat Party, seeking permanent power, has imposed a policy of open borders for immigrant-invaders. How are these millions of peoples to support themselves in an economy whose manufacturing has been moved abroad? How can a population, deserted by American corporations, that is experiencing debt deflation absorb the costs of support and social infrastructure for tens of millions of third world immigrant-invaders?
You will never hear it from the whores in the financial press, but the United States is on the precipice of economic and social collapse. And what are the fools in Washington doing? The idiots are ginning up wars with Russia, China, and Iran.
Like Rome, the Anglo-Saxon Empire is collapsing by its own decadence.
Sergey Lavrov used to compare the West to a wounded predator. According to him, it should not be provoked because it would be taken by madness and could break everything. It is better to accompany it to the graveyard. The West does not see it that way. Washington and London are leading a crusade against Moscow and Beijing. They roar and are ready for anything. But what can they really do?
The G7 summit in Bavaria and the Nato summit in Madrid were supposed to announce the West’s punishment of the Kremlin for its “special military operation in Ukraine”. But, if the image given was that of Western unity, the reality attests to their disconnection from reality, their loss of audience in the world and ultimately the end of their supremacy.
While the West is convinced that what is at stake is in Ukraine, the world sees it facing the “Thucydides trap” [1]. Will international relations continue to be organized around them or will they become multipolar? Will the peoples who have been subjugated until now break free and gain sovereignty? Will it be possible to think differently than in terms of global domination and to devote themselves to the development of each individual?
The West has devised a narrative of the Russian “special military operation” in Ukraine that overlooks their own actions since the dissolution of the Soviet Union. They have forgotten their signing of the Charter for European Security (also known as the OSCE Istanbul Declaration) and the way they violated it by making almost all the former members of the Warsaw Pact and some of the new post-Soviet states join one by one. They have forgotten the way they changed the Ukrainian government in 2004 and the coup d’état by which they put Banderist nationalists in power in Kiev in 2014. Having made a clean sweep of the past, they blame Russia for all the ills. They refuse to question their own actions and consider, at the time, they were forced into power. For them, their victories make the Law.
To preserve this imaginary narrative, they have already silenced the Russian media at home.
No matter how much they claim to be “democrats”, it is better to censor dissenting voices before lying.
So they approach the Ukrainian conflict, without contradiction, by convincing themselves that they have the duty to judge alone, to condemn and sanction Russia. By blackmailing small states, they managed to obtain a text from the UN General Assembly that seems to prove them right. They now plan to dismantle Russia as they did in Yugoslavia and tried to do in Iraq, Libya, Syria and Yemen (Rumsfeld/Cebrowski strategy).
To do this, they began to isolate Russia from world finance and trade. They cut off its access to the SWIFT system and Lloyds, preventing it from buying and selling as well as transferring goods. They thought this would cause its economic collapse. In fact, on June 27, 2022, Russia was unable to pay a debt of $100 million and the rating agency Mody’s declared it in default [2].
But this did not have the desired effect: everyone knows that the reserves of the Russian Central Bank are full of foreign currency and gold. The Kremlin paid the 100 million, but could not transfer it to the West because of Western sanctions. It has placed them in an escrow account where they await their debtors.
Meanwhile, the Kremlin, which is no longer paid by the West, has begun to sell its production, especially its hydrocarbons, to other buyers, particularly China. The exchanges that can no longer be made in dollars are made in other currencies. As a result, the dollars that their customers used to use are flowing back to the United States. This process had already begun several years ago. But Western unilateral sanctions have accelerated it sharply. The huge amount of dollars accumulating in the US is causing a massive price increase. The Federal Reserve is doing everything it can to share it with the eurozone. The price increase is spreading at high speed across the entire Western European continent.
The European Central Bank is not an economic development agency. Its main task is to manage inflation within the Union. it cannot slow down the sudden rise in prices at all, so it tries to use it to reduce its debt. The Member States of the Union are therefore invited to compensate for the drop in purchasing power of their “citizens” by lowering taxes and providing benefits. But this is a never-ending circle: by helping their citizens, they tie their hands and feet to the European Central Bank, they chain themselves a little more to the US debts and become even poorer.
There is no remedy for this inflation. This is the first time that the West has had to mop up the dollars that Washington has recklessly printed for years. The rise in prices in the West corresponds to the cost of imperial spending over the last thirty years. Today and only today is the West paying for its wars in Yugoslavia, Afghanistan, Iraq, Libya, Syria and Yemen.
Until now, the United States killed anyone who threatened the supremacy of the dollar. It hanged President Saddam Hussein for refusing it and looted the Iraqi Central Bank. They tortured and lynched the leader Muamar el-Gaddafi who was preparing a new pan-African currency and looted the Libyan Central Bank. The gigantic sums amassed by these oil states disappeared without a trace. The only thing we saw was GI’s taking tens of billions of dollars wrapped in large garbage bags. By excluding Russia from dollar trade, Washington itself has brought about what it so feared: the dollar is no longer the international reference currency.
The majority of the rest of the world is not blind. It has understood what is happening and has rushed to the St. Petersburg Economic Forum, then tried to register for the virtual Brics summit. They realize -a little late- that Russia launched the “Partnership of Greater Eurasia”, in 2016 and that its Foreign Minister, Sergei Lavrov, had solemnly announced it at the UN General Assembly, in September 2018 [3]. During four years, quantities of roads and railroads were built to integrate Russia into the networks of the new “Silk Roads”, land and sea, imagined by China. It was thus possible to shift the flow of goods within a few months.
The fall in the value of the dollar and the shift in the flow of goods are causing an even greater rise in energy prices. Russia, which is one of the world’s leading exporters of hydrocarbons, has seen its revenues increase considerably. Its currency, the ruble, has never been in better shape. In response, the G7 has set a price ceiling for Russian oil and gas. It ordered the “international community” not to pay more.
But Russia is obviously not going to let the West set the prices of its products. Those who do not want to pay market prices will not be able to buy them, and no customer intends to go without to please the West.
The G7 tries to organize, at least intellectually, its supremacy [4].. This no longer works. The wind has changed. The four centuries of Western domination are over.
In desperation, the G7 has committed itself to solving the global food crisis that its policies have caused. The countries concerned know what the G7 commitments mean. They are still waiting for the great African development plan and other smoke and mirrors. They know that the West cannot produce nitrogen fertilizers and that they prevent Russia from selling theirs. The G7 aid is only a band-aid to keep them waiting and not to question the sacred principles of free trade.
The only possible option for the rescue of Western domination is war. Nato must succeed in destroying Russia militarily as Rome once razed Carthage. But it’s too late: the Russian army has much more sophisticated weapons than the West. It has already experimented with them since 2014 in Syria. It can crush its enemies at any time. President Vladimir Putin exposed the staggering progress of its arsenal to his parliamentarians in 2018 [5]
The Nato summit in Madrid was a nice communication operation [6]. But it was only a swan song. The 32 member states proclaimed their unity with the despair of those who fear to die. As if nothing had happened, they first adopted a strategy to dominate the world for the next ten years, naming China’s “growth” as a concern [7]. In doing so, they admitted that their goal is not to ensure their own security, but to dominate the world. They then opened the accession process for Sweden and Finland and considered approaching China with, as a first step, the possible accession of Japan.
The only incident, which was quickly brought under control, was the Turkish pressure that forced Finland and Sweden to condemn the PKK [8]. Unable to resist, the United States dropped its allies, the Kurdish mercenaries in Syria and their leaders abroad.
With this, they decided to increase the NATO Rapid Reaction Force from 40,000 to 300,000 men, 7.5 times, and station it on the Russian border. In doing so, they have once again violated their own signature, that of the Charter for Security in Europe, by directly threatening Russia. Russia has no possibility to defend its huge borders and can only ensure its security by ensuring that no foreign force sets up a military base on its borders (scorched earth strategy). Already, the Pentagon is circulating prospective maps of the dismantling of Russia that it hopes to implement.
The former Russian ambassador to NATO and current director of Roscosmos, Dmitry Rogozin, has responded by publishing on his Telegram account the coordinates of the NATO decision-making centers, including the Madrid summit room [9]. Russia has hypersonic launchers, for the moment impossible to intercept, which can carry a nuclear warhead in a few minutes to the NATO headquarters in Brussels and the Pentagon in Washington. To avoid any misunderstanding, Sergei Lavrov specified, alluding to the Straussians, that the martial decisions of the West were not taken by the military, but by the US State Department. It would be the first target.
So the question is: will the West play for all it’s worth? Will they take the risk of a Third World War, even though it has already been lost, just to avoid dying alone?
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.
The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date. Thank you, globalization and Davos.
Globalization
The political pressures behind globalization and the creation of the World Trade Organization out of the Bretton Woods GATT trade rules with the 1994 Marrakesh Agreement, ensured that the advanced industrial manufacturing of the West, most especially the USA, could flee offshore, “outsource” to create production in extreme low wage countries. No country offered more benefit in the late 1990s than China. China joined WHO in 2001 and from then on the capital flows into China manufacture from the West have been staggering. So too has been the buildup of China dollar debt. Now that global world financial structure based on record debt is all beginning to come apart.
When Washington deliberately allowed the September 2008 Lehman Bros financial collapse, the Chinese leadership responded with panic and commissioned unprecedented credit to local governments to build infrastructure. Some of it was partly useful, such as a network of high-speed railways. Some of it was plainly wasteful, such as construction of empty “ghost cities.” For the rest of the world, the unprecedented China demand for construction steel, coal, oil, copper and such was welcome, as fears of a global depression receded. But the actions by the US Fed and ECB after 2008, and of their respective governments, did nothing to address the systemic financial abuse of the world’s major private banks on Wall Street and Europe , as well as Hong Kong.
The August 1971 Nixon decision to decouple the US dollar, the world reserve currency, from gold, opened the floodgates to global money flows. Ever more permissive laws favoring uncontrolled financial speculation in the US and abroad were imposed at every turn, from Clinton’s repeal of Glass-Steagall at the behest of Wall Street in November 1999. That allowed creation of mega-banks so large that the government declared them “too big to fail.” That was a hoax, but the population believed it and bailed them out with hundreds of billions in taxpayer money.
Since the crisis of 2008 the Fed and other major global central banks have created unprecedented credit, so-called “helicopter money,” to bailout the major financial institutions. The health of the real economy was not a goal. In the case of the Fed, Bank of Japan, ECB and Bank of England, a combined $25 trillion was injected into the banking system via “quantitative easing” purchase of bonds, as well as dodgy assets like mortgage-backed securities over the past 14 years.
Quantitative madness
Here is where it began to go really bad. The largest Wall Street banks such as JP MorganChase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather to inflate the value of their company stocks, so-called stock buy-backs, termed “maximizing shareholder value.”
BlackRock, Fidelity, banks and other investors loved the free ride. From the onset of Fed easing in 2008 to July 2020, some $5 trillions had been invested in such stock buybacks, creating the greatest stock market rally in history. Everything became financialized in the process. Corporations paid out $3.8 trillion in dividends in the period from 2010 to 2019. Companies like Tesla which had never earned a profit, became more valuable than Ford and GM combined. Cryptocurrencies such as Bitcoin reached market cap valuation over $1 trillion by late 2021. With Fed money flowing freely, banks and investment funds invested in high-risk, high profit areas like junk bonds or emerging market debt in places like Turkey, Indonesia or, yes, China.
The post-2008 era of Quantitative Easing and zero Fed interest rates led to absurd US Government debt expansion. Since January 2020 the Fed, Bank of England, European Central Bank and Bank of Japan have injected a combined $9 trillion in near zero rate credit into the world banking system. Since a Fed policy change in September 2019, it enabled Washington to increase public debt by a staggering $10 trillion in less than 3 years. Then the Fed again covertly bailed out Wall Street by buying $120 billion per month of US Treasury bonds and Mortgage-Backed Securities creating a huge bond bubble.
A reckless Biden Administration began doling out trillions in so-called stimulus money to combat needless lockdowns of the economy. US Federal debt went from a manageable 35% of GDP in 1980 to more than 129% of GDP today. Only the Fed Quantitative Easing, buying of trillions of US government and mortgage debt and the near zero rates made that possible. Now the Fed has begun to unwind that and withdraw liquidity from the economy with QT or tightening, plus rate hikes. This is deliberate. It is not about a stumbling Fed mis-judging inflation.
Energy drives the collapse
Sadly, the Fed and other central bankers lie. Raising interest rates is not to cure inflation. It is to force a global reset in control over the world’s assets, it’s wealth, whether real estate, farmland, commodity production, industry, even water. The Fed knows very well that Inflation is only beginning to rip across the global economy. What is unique is that now Green Energy mandates across the industrial world are driving this inflation crisis for the first time, something deliberately ignored by Washington or Brussels or Berlin.
The global shortages of fertilizers, soaring prices of natural gas, and grain supply losses from global draught or exploding costs of fertilizers and fuel or the war in Ukraine, guarantee that, at latest this September-October harvest time, we will undergo a global additional food and energy price explosion. Those shortages all are a result of deliberate policies.
Moreover, far worse inflation is certain, due to the pathological insistence of the world’s leading industrial economies led by the Biden Administration’s anti-hydrocarbon agenda. That agenda is typified by the astonishing nonsense of the US Energy Secretary stating, “buy E-autos instead” as the answer to exploding gasoline prices.
Similarly, the European Union has decided to phase out Russian oil and gas with no viable substitute as its leading economy, Germany, moves to shut its last nuclear reactor and close more coal plants. Germany and other EU economies as a result will see power blackouts this winter and natural gas prices will continue to soar. In the second week of June in Germany gas prices rose another 60% alone. Both the Green-controlled German government and the Green Agenda “Fit for 55” by the EU Commission continue to push unreliable and costly wind and solar at the expense of far cheaper and reliable hydrocarbons, insuring an unprecedented energy-led inflation.
Fed has pulled the plug
With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.
US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above “junk” status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.
The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.
As US economist Doug Noland recently noted, “Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”
The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely.
Deleveraging the bubble
With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.
By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.
Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.
Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.
The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets—government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise , loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”
As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good. A Global Planned Financial Tsunami Has Just Begun.
The idea of the Great Reset derives from the New World Order which is still alive in the minds of the establishment or who we can call the globalists from people like Henry Kissinger to the current US president, Joe Biden. Of course there are many others on the top levels of the pyramid whose ideas range from establishing a police state, to implanting microchips the day we are born to track and trace us, to depopulating the planet. I know it all sounds insane but that’s what the globalists have planned for us for a very long time. Klaus Schwab’s protégé, Yuval Noah Harari, is an Israeli born intellectual who authored a popular bestseller titled ‘Sapiens: A Brief History of Humankind’ and is also a professor of history at the Hebrew University of Jerusalem. Harari once asked a disturbing question, “what to do with all these useless people?” Harari is an intelligent man, there is no doubt about that, but his intelligence has led him to the level of insanity. Harari is an influential member of the World Economic Forum (WEF) who supports the idea of creating a dystopian society managed by a handful of globalists who will rule over every human being on earth from the day they are born. According to Harari, planet earth is overpopulated:
Again, I think the biggest question in maybe in economics and politics of the coming decades will be what to do with all these useless people? The problem is more boredom and how what to do with them and how will they find some sense of meaning in life, when they are basically meaningless, worthless?
My best guess, at present is a combination of drugs and computer games as a solution for [most]. It’s already happening…In under different titles, different headings you see more and more people spending more and more time or solving the inner problems with the drugs and computer games both legal drugs and illegal drugs…
They also want people to stay home connected to the Metaverse world, a virtual reality simulation and at the same time get them addicted to all sorts of drugs. The kind of world they are trying to create for us is pure lunacy. Wired, a monthly magazine describes the metaverses as a combination of the digital and physical worlds that creates a virtual reality as in the Hollywood film, ‘Ready Player One,’ The article ‘What is the Metaverse, Exactly?’answers that question, “Broadly speaking, the technologies companies refer to when they talk about “the metaverse” can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you’re not playing—as well as augmented reality that combines aspects of the digital and physical worlds.”
Many other Hollywood films that are based on virtual reality in the future includes Jumanji, Source Code, The Matrix, Total Recall, Inception, and many others. The globalists want you to believe that a dystopic society is in the works for us, but no worries, you will be completely happy at least according to Klaus Schwab. In my opinion, the notion that the human species will be living their lives through virtual reality is far-fetched, it’s an illusion that will take decades even centuries to accomplish and that would only happen if we allowed it to happen. Harari is saying that under a scientific, technocratic world order, the state will be your sole provider for everything, so basically, he says that families are not needed in this new world they are creating for us, in other words, having a family will be a thing of the past:
After millions of years of evolution suddenly within 200 years the family and the intimate community break, that they collapse most of the roles filled by the family for thousands and tens of thousands of years are transferred very quickly to new networks provided by the state and the market, you don’t need children, you can have a pension fund, you don’t need somebody to take care of you, you don’t need neighbors and sisters or brothers to take care of you if you’re sick, the state takes care of you, the states provide you with police, with education, with help with everything
Listen to Harari’s own words in this video:
The World in Crisis: A Stakeholder Economy, the Green Agenda and Covid-19
Rahm Emanuel worked for US presidents Bill Clinton and Barack Obama under various titles, but one quote he will always be remembered for was when he said “you never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” That is exactly what happened under the Covid-19 global health emergency. Klaus Schwab, who is the original founder, and executive chairman of the WEF published an article that outlines three basic components of the Great Reset titled ‘Now is the Time for a ‘Great Reset,’ in the first component, they would help steer or “improve coordination (for example, in tax, regulatory, and fiscal policy), upgrade trade arrangements, and create the conditions for a “stakeholder economy.” How would this work? There are more than 195 countries in the world meaning that all these countries would have to establish a “unified” tax, regulatory and fiscal policy, all in sync, all with the same laws and that would be impossible even if they tried because all countries have different tax systems, different economies and cultures and that will not change because of a handful of globalists with outlandish ideas of a unified financial system they want to control for their own benefit. It’s a ridicules idea. In fact, more countries today are more open to imposing less taxes and regulations to attract foreign investments to grow their economies, so the WEF ‘s recommendations will never work, in fact its dead-on arrival.
Then there is the looming financial crisis that can ultimately force the world into a Federal Reserve Bank “Digital Currency” known as central bank digital currencies (CBDCs) that will be tracked by the government on how you spend your money. What can go wrong with this idea? If in any case, you are not politically aligned with a particular party or refuse an experimental injection, then the government may block your transactions. In other words, they can literally control when and how you spend your money and that is something most people will not accept. An article published by Stefan Gleason who is an investor, political strategist, and grassroots activist wrote an interesting analysis last year for fxstreet.com titled ‘The Great Reset is Coming for the Currency’asks what will be the next major issue for a Global Reset? “As the Great Reset proceeds from globalist think tanks and technology billionaires to allied media elites, governments, schools, and Woke corporations, what will be “reset” next? The next reset will most likely take place in the financial sector as “Supporters of the World Economic Forum’s all-encompassing Great Reset agenda are eyeing BIG changes for the global monetary system.” Biden’s Treasury Secretary and former Federal Reserve Chair, Janet Yellen wants to end the use of various cryptocurrencies and have the International Monetary Fund (IMF) issue CBDC’s. “Yellen derided Bitcoin as “an extremely inefficient way to conduct transactions” because “the amount of energy consumed in processing those transactions is staggering.” Gleason says that Yellen and her colleagues are planning to have the public use digitized tokens issued by the central bank. The bottom line is that “They just want to make sure those digits are issued and controlled by governments and central banks.”
The best way to avoid the Federal Reserve bank’s control over your finances is to own gold, silver, and other safe-haven assets. “Anyone who is concerned about the prospect of being herded into a new digital currency regime should make it a high priority to own tangible money that exists outside the financial system.” Gleason makes the case for owning gold and silver, “No technology or government mandate can change the fact that gold and silver have universally recognized, inflation-resistant value.” At some point, the public will reject the Federal Reserve and its ‘digital currency’ if they can avoid it. However, the best way to bypass CBDC’s in the future is to buy gold, silver, and other metals that that can maintain value and become resistant to inflationary pressures. An important note to consider is that all US silver coins that were produced before 1964 were minted with 90% silver and 10% copper, so keep an eye on your pocket-change just in case you come across some silver coins with value.
The second component “would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress.” Which means that governments will be required to print an unlimited money supply to support their agenda that will eventually lead to inflationary pressures which can devastate their respective economies. “Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.” They are pushing for an expensive Green Agenda which is part of Joe Biden’s Build Back Better plan to reduce greenhouse gas emissions that will change how the world operates when it comes to using traditional energy resources such as coal, oil, and natural gas:
Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run. This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics
The vast majority of human beings want high rather than low economic growth, and so politicians ultimately choose policies that make energy cheap, not expensive.
And the limitations of weather-dependent renewables are more visible than ever. If California’s large wind energy project is built, it will provide less than half of the energy of California’s Diablo Canyon nuclear plant Newsom is planning to close in 2025, and it will be unreliable. During the heatwave-driven blackouts last summer, there was little wind in California or other Western states, meaning we can’t count on wind energy when we need it most.
In other words, the Democrats’ climate change and renewable energy agenda is rapidly falling apart, and the reasons have far more to do with physics than with politics
Schwab proposes that the third component is basically the innovations that will lead to centralized control of the world’s health policies by the World Health Organization (WHO) However, the innovations began the moment WHO officials declared a global Public Health Emergency more than 2 years ago. Schwab mentioned the ‘Fourth Industrial Revolution’ which is described on the World Economic Forum’s website as a new system that “shapes new policies and strategies in areas such as artificial intelligence, blockchain and digital assets, the internet of things or autonomous vehicles, and enables agile implementation and iteration via its fast-growing network of national and sub-national centres.” Regarding Covid-19 or any other declared public health emergency in the future, the new system will be able “to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine.”
However, there was a unified response put forward by a several nations including Brazil, India, Russia, China, Iran, South Africa, Malaysia and the practically the entire continent of Africa that rejected a pandemic treaty developed by the World Health Organization. They all agreed that the treaty would allow authorities from the WHO to gain control of their health policies bypassing their rights as sovereign nations. As the spirit of Tanzania’s late President, John Magufuli lives on, Reuters published the positive move on behalf of the African continent ‘Africa objects to U.S. push to reform health rules at WHO assembly’regarding Africa’s 47 nations who rejected the treaty “African countries raised an objection on Tuesday to a U.S.-led proposal to reform the International Health Regulations (IHR), a move delegates say might prevent passage at the World Health Organization’s annual assembly.” The treaty brought forward by the WHO and the US government was technically defeated which is a positive outcome considering what’s at stake:
If Africa continues to withhold support, it could block one of the only concrete reforms expected from the meeting, fraying hopes that members will unite on reforms to strengthen the U.N. health agency’s rules as it seeks a central role for itself in global health policy.
The IHR set out WHO members’ legally binding obligations around outbreaks. The United States has proposed 13 IHR reforms which seek to authorise the deployment of expert teams to contamination sites and the creation of a new compliance committee to monitor implementation of the rules.
But the African group expressed reservations about even this narrow change, saying all reforms should be tackled together as part of a “holistic package” at a later stage
Great news just came out of Geneva. We informed you about a meeting of the World Health Organisation that took place this past week in Geneva from the 22-28 May 2022 where some legally binding US Amendments to the International Health Regulations were to be signed.
The 198 countries that belong to the World Health Assembly were asked to sign the legally binding US Amendments into International Law which in essence would have robbed nations their sovereignty. The @A_C_D_P objected & drew a petition against it. The good news is that it failed
Western powers along with top level WHO officials will try to persuade or blackmail sovereign nations who originally rejected the IHR treaty to reverse their decision with a new modified version in hopes of centralized control of any future pandemic, but the current decision made by those nations who rejected the treaty is welcoming news indeed.
Just imagine the concept of a group of mostly unelected bureaucrats with the power to oversee a centralized control grid to rule over a global pandemic is Orwellian, in fact, the Great Reset kind of reminds me of the 1973 classic Hollywood film, Soylent Green with Charlton Heston based on the 1966 science fiction novel ‘Make Room! Make Room! by Harry Harrison based on a dystopian society. The story is about a police investigation into the murder of a wealthy businessman while the world is experiencing a slow death from “greenhouse gases” that produced a variety of problems for humanity including overpopulation, pollution, poverty, crime, and the concept of enforced euthanasia by the state.
Soylent Green is an example of what a deranged group of globalists or in this case, government bureaucrats would do to humanity if we did nothing to stop them. In the film, Detective Thorn (played by Charlton Heston) warned his colleague Chief Hatcher (Brock Peters) “The ocean’s dying! Plankton’s dying! It’s people – Soylent Green is made out of people! They’re making our food out of people! Next thing they’ll be breeding us like cattle for food! You’ve gotta tell them, you’ve gotta tell them!” Although Soylent Green is obviously fictional, it’s a metaphor on how far globalists will be willing to go so that their agenda of world control and depopulation can succeed. In the film, the state strongly encouraged and even facilitated suicide which turned the people into food for the remaining population. It sounds insane but reading about the agenda of the Great Reset of you ‘owning nothing and being happy is the start of something more sinister in our future. I am not saying that they will try to turn people into food in the future, but they are certainly trying to push forward other outrages solutions to feed the world such as the possibility of people eating insects to survive. I wish this was a joke, but it’s not.
Globalists are calling for the world’s population to be completely vaccinated with their Covid-19 experimental injections, in other words, they want total control over the world’s healthcare policies to enforce the use of facemasks and endless vaccination schemes through government-imposed mandates on the population although Covid-19 experimental injections are injuring and even killing thousands of people around the world. Globalist plotters began their plan of action to implement their vaccine mandates as soon as the Public Health Emergency was announced, but there were governments who rejected the idea from the start. On December 3rd, 2020, Brazil’s Minister of Foreign Affairs Ernesto Araujo clearly rejected the World Economic Forum’s Great Reset agenda by addressing the United Nations (UN) special session on COVID-19 by saying that “Those who dislike freedom always try to benefit from moments of crisis to preach the curtailing of freedom. Let’s not fall for that trap” In his conclusion, Araujo clearly states what is Brazil’s position on the idea of the Great Reset:
Fundamental freedoms are not an ideology. Human dignity requires freedom as much as it requires health and economic opportunities. Those who dislike freedom always try to benefit from moments of crisis to preach the curtailing of freedom. Let’s not fall for that trap. Totalitarian social control is not the remedy for any crisis. Let’s not make democracy and freedom one more victim of COVID-19
Is the World Ready to Embrace the Great Reset?
In the geopolitical spectrum, globalists are set on punishing sovereign countries who do not obey a rules-based order under the Great Reset agenda in partnership with the US-NATO alliance leading the world to some form of conflict or regime change against Russia, China, Iran, Belarus, Syria, Venezuela, Nicaragua, Cuba, and any other nation who wants to remain sovereign at all costs. There are many who are vehemently opposed to such an idea, for example, on January 27th, 2021, Russian President Vladimir Putin spoke at the World Economic Forum (WEF) and basically rejected the idea of the Great Reset and gave a reasonable idea of humanity working together to achieve a prosperous future for all with “calls for inclusive growth and for creating decent standards of living for everyone are regularly made at various international forums. This is how it should be, and this is an absolutely correct view of our joint efforts” and that “It is clear that the world cannot continue creating an economy that will only benefit a million people, or even the golden billion. This is a destructive precept. This model is unbalanced by default.” Putin’s perception of the Great Reset or a unipolar world order is correct because it is destined for failure since the world is a complex place where nations have distinct cultures and history. Putin questions how nations would respond to a Great Reset with a rules-based order run by an elite group of psychopaths that expect a harmonious transition from all nations who are willing to comply:
We are open to the broadest international cooperation, while achieving our national goals, and we are confident that cooperation on matters of the global socioeconomic agenda would have a positive influence on the overall atmosphere in global affairs, and that interdependence in addressing acute current problems would also increase mutual trust which is particularly important and particularly topical today.
Obviously, the era linked with attempts to build a centralized and unipolar world order has ended. To be honest, this era did not even begin. A mere attempt was made in this direction, but this, too, is now history. The essence of this monopoly ran counter to our civilization’s cultural and historical diversity.
The reality is such that really different development centers with their distinctive models, political systems and public institutions have taken shape in the world. Today, it is very important to create mechanisms for harmonizing their interests to prevent the diversity and natural competition of the development poles from triggering anarchy and a series of protracted conflicts
The rejection of the Great Reset and its associated global institutions and industries such as the WHO, NATO and Big Pharma is a step in the right direction and the globalists are in panic. Brazil, Russia, the continent of Africa and others are proving that the Great Reset or that century’s old idea of a New World Order has become a failed project. Some people might disagree with my analysis because many are pessimistic about their future because they believe that a Great Reset is inevitable, that there is no escape from it because it seems that things are getting out of control with ongoing wars, coming food shortages and a growing danger of a global medical tyranny. However, I do believe that we are in the early stages of a great awakening, not a rules-based order managed by a group of globalists despite the endless propaganda on how the Great Reset will make the planet a better place for all of us.
People and certain governments are awakening to the fact that a group of globalists are working against them on every level, and they are starting to fight back. We do not want to be ruled by a centralized power telling us what to do or how to think. The concept of the Great Reset has failed in many ways, but there is still work to do.
Never give up, never allow a group of influential globalists whether they are billionaires or bankers, government bureaucrats or special interest groups, resist this ideology of a unipolar world order. We can win this war, there is still time, I believe that we will prevail if we just don’t comply with their goal of them trying to control us, the useless people.
After the Crash 