Joe Biden created for the U.S. a war like no other, one where others die and the U.S. simply sits back and pays the bills on a gargantuan scale. No attempts are made at diplomacy by the Americans, and the diplomatic efforts of others like the Chinese are dismissed as evil attempts to gain influence in the area (similar for Chinese diplomatic work in the Yemen war.) Biden is coming close to achieving 1984‘s goal of perpetual warfare while only putting a handful of American lives at risk. He has learned lessons from the Cold War, and already put them into play. Can we call it the Biden Doctrine yet?
Biden’s strategy is clear enough now after well more than a year of conflict; what he has been sending to Ukraine jumped from helmets and uniforms to F-16s in only 15 months and shows no signs of stopping. The problem is U.S. weapons are never enough for victory and always “just enough” to allow the battle to go on until then next round. If the Ukrainians think they are playing the U.S. for suckers for free arms they best check who is really paying for everything, in blood.
Putin is playing this game himself in a way, careful not to introduce anything too powerful, such as strategic bombers, and upset the balance and offer Biden the chance to intervene in the war directly (one can hear old man Biden on TV now, explaining American airstrikes are needed to prevent a genocide, the go-to excuse he learned at Obama’s knee.) That’s what the current escalation holds, airpower. Ukraine will find even with the promise of the F-16 it can’t acquire aircraft and train up pilots fast enough (minimum training time is 18-24 months), and next will be begging the U.S. to serve as its air force. As it is the planes are likely to be based out of Poland and Romania, suggesting NATO will pick up the high-skilled tasks of maintaining and repairing them. Left unclear is the NATO role in required aerial refueling to keep the planes over the battlefield. F-16s aside, a spin off bonus to all these weapons gifts is that the vast majority of transfers to date have been “presidential drawdowns.” This means the U.S. sends used or older weapons to Ukraine, after which the Pentagon can use the Congressionally-authorized funds to replenish their stocks by purchasing new arms. The irony that war machines once in Iraq are now on the ground in Ukraine can’t be missed.
The U.S. strategy seems based on creating a ghastly tie of sorts, two sides lined up across a field shooting at each other until one side called it quits for the day. Same as in 1865, same as in 1914, but the new factor is today those armies face off across those fields with 21st-century HIMARS artillery, machine guns, and other tools of killing far more effective than a musket. It is unsustainable, literally chewing up men, albeit not Americans. The question meanwhile of how many more Ukrainians have to die is answered privately by Joe Biden as “potentially all of them.” Anything else requires you to cynically believe Biden thinks he can simply purchase victory,
Up until now this has all been the Cold War playbook. Fighting to the last Afghan was a strategy perfected in Soviet-held Afghanistan in the 1980s. Yet what is different is the scale — since Russia invaded Ukraine, the United States sent over $37 billion worth of military aid to support Kiev’s war effort, the single largest arms transfer in U.S. history and one with no signs of stopping. A single F-16 costs up to $350 million a copy if bought with weapons, maintenance equipment, and spare parts kits.
Yet despite the similarities to Cold War Strategy 101, some lessons have been learned over the intervening years. One of America’s fail-points throughout the Cold War and the War on Terror was the use of puppet governments largely imposed or direly supported by American money and muscle. Because these governments lacked the support of the people (see Vietnam, Iraq, and Afghanistan) they were non-starters with the lifespan of fruit flies. Ukraine is different; the puppet government is the government, beholden to the U.S. for its very survival but more or less supported directly by the people for now.
The other lesson learned has to do with nation building, or rebuilding or reconstruction, whatever the vast post-war expenditures will be called in this conflict. No more straight-up governmental efforts as in Vietnam, Iraq, and Afghanistan. This time it will be all private enterprise. “It is obvious that American business can become the locomotive that will once again push forward global economic growth,” President Zelensky said, boasting that BlackRock, JP Morgan, and Goldman Sachs, and others “have already become part of our Ukrainian way.”
The NYTcalls Ukraine “the world’s largest construction site” and predicts projects there in the multi-billions, as high in some estimates as $750 billion. It will be, says the Times, a “gold rush: the reconstruction of Ukraine once the war is over. Russia is stepping up its offensive heading into the second year of the war, but already the staggering rebuilding task is evident. Hundreds of thousands of homes, schools, hospitals and factories have been obliterated along with critical energy facilities and miles of roads, rail tracks and seaports. The profound human tragedy is unavoidably also a huge economic opportunity.” Earlier this year JP Morgan and Zelensky signed a memorandum of understanding stipulating Morgan would assist Ukraine in its reconstruction.
And maybe those large American companies have learned the lessons of Iraq and Afghanistan. Of the billions spent, much money was wasted on dead ends and much was siphoned off due to corruption. But success or failure, the contractors always got paid in our Wars of Terror. With that in mind, more than 300 companies from 22 countries signed up for a Rebuild Ukraine exhibition and conference in Warsaw. At the World Economic Forum in Davos, Switzerland, a standing-room-only crowd packed Ukraine House to discuss investment opportunities.
The eventual gold rush in rebuilding makes for an interesting addendum to the Biden strategy of fighting to the last Ukrainian. The more that is destroyed the more that needs to be rebuilt, and the potential for more money to pour into U.S. companies smart enough to wait by the trough for the killing to subside. But why wait? Drones operated by Danish companies have already mapped every bombed-out structure in the Mykolaiv Oblast region, with an eye toward using the data to help decide what reconstruction contracts should be issued.
So let’s put some lipstick on this pig of a strategy and call it the Biden Doctrine. Part I is to limit direct U.S. combat involvement while fanning the flames for others. Part II is to provide massive amounts of arms to enable a fight to the last local person. Part III is to transform the home government into a puppet instead of creating an unpopular one afresh. Part IV is to turn the reconstruction process into a profit center for American companies. How long the war lasts and how many die are cynically not part of the strategy. The off ramp in Ukraine, a diplomatic outcome that resets the map to pre-invasion 2022 levels, is clear enough to Washington. The Biden administration seems content, shamefully, not to call forcefully for diplomatic efforts but instead to bleed out the Russians as if this was Afghanistan 1980, albeit in the heart of Europe.
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.
Janet Yellen’s been nominated by Joe Biden as Treasury Secretary, despite a poor record as Federal Reserve chair. This is typical of the unwarranted confidence placed in the central bankers who’ve caused so much financial pain.
The US Federal Reserve was established on December 23, 1913, and, despite its name, it is not a bank or part of the federal government. The Federal Reserve (or ‘Fed’) is owned and acts on behalf of its members, such as JPMorgan, Goldman Sachs and Berkshire Financial Services. Do you think the Fed cares about the wealth inequality its reckless policies have caused – policies that have benefited the .01 percenters that own it? Since 1913, the US dollar’s value has declined by 97 percent. Can the Fed really be considered to be doing a good job?
Consider, for example, these remarkable comments from central bankers. In March 2007, Fed Chairman Ben Bernanke said the subprime mortgage crisis was “likely to be contained,” and in May of that year, he added, “The vast majority of mortgages, including even subprime mortgages, continue to perform well. We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.”
In October 2007, he said, “It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions.”
In November 2010, during a Federal Reserve conference on Georgia’s Jekyll Island, former Fed chairman Alan Greenspan said a lesson he learnt from the 2008 crisis is how the taxpayers implicitly subsidized the “financial intermediary system in the US.” He went on to point out that “there was rampant fraud in a lot of what was going on in these markets. We need far higher levels of enforcement of fraud on statutes – not new ones, existing ones. Things were being done that were certainly illegal and clearly criminal.” The look on then Chairman Bernanke’s face when Greenspan dropped this truth bomb was priceless.
In 2015, the Financial Times reported how the Bank of Japan’s Haruhiko Kuroda “reimagined” its monetary policy on the belief in Peter Pan’s ability to fly. No wonder Japan’s economy has had no growth for nearly 40 years. And the frightening part is the West began embracing this failed economic model years ago.
Then there was Fed chief Janet Yellen, who, in 2017, said she didn’t believe we would see another financial crisis in our lifetime. How many times were Yellen’s economic forecasts during and after the global financial crisis proven wrong? Too many to count.
She often repeated how the Fed’s temporary emergency measures would be removed and we would have ‘lift-off’ of interest rates. But, of course, none of this ever happened, and we are still waiting, over 12 years later. Yellen kept bailing out billionaires with near-zero interest rates while killing savers and increasing the wealth inequality gap. The oligarchs of Silicon Valley love Yellen. And Wall Street adores her, as well as the Fed’s magic printing presses, with their unlimited capability.
Yellen’s counterpart at the time, Mark Carney, who was the head of the Financial Stability Board and the Bank of England, as well as the ex-governor of the Bank of Canada, was singing from the same hymn sheet. Carney, mirroring the policies of Bernanke and Yellen, inflated grotesque property bubbles in Canada and the UK by pushing interest rates to 900-year lows, eviscerating savers and elderly retirees while landing taxpayers with the bailout bill for the billionaires and bankers who’d blown up the system.
Carney is another who got it wrong about normalized interest rates in both the economies his policies destroyed. He promised “escape velocity” in the UK, but, like Yellen’s ‘lift-off,’ both crashed on the launch pad. Their policies still protected and enhanced the oligarchy, though.
Central bankers such as Yellen and Carney were paid handsomely for this. One must surmise that their ilk always intended to enrich the powerful oligarchs in the cantons of Wall Street, London, and Silicon Valley to the detriment of everyone else. This is the model: propaganda, lies, and censorship are used to ensure globalism that fosters tyrannical rule, which, in turn, is beneficial to maintaining the status quo demanded by the oligarchy. Be an obedient apparatchik and earn a golden parachute when you exit.
The policies of these two central bankers have created the most significant wealth inequality ever seen and have allowed for the financial plunder that benefited the .01 percent and turbo-charged the oligarchy. But now, Yellen and Carney have transformed themselves into social justice warriors, championing equality, racial equity and climate change. In fact, Joe Biden has deified Yellen, saying, “We might have to ask Lin-Manuel Miranda, who wrote the musical about the first Treasury Secretary, Hamilton, to write another musical for the first woman Treasury Secretary, Yellen.”
It beggars belief how, after years of lies and economic destruction, lipstick is put on pigs to re-brand the oligarchs’ go-to patsies, Yellen and Carney. And now, Yellen may get a chance to do some serious damage should she become Treasury Secretary. When considering central bankers like these, we should remember the old maxim: beware of false prophets.
West Virginia National Guard members reporting to a Charleston nursing home to assist with Covid-19 testing. April 6, 2020. (U.S. Army National Guard, Edwin L. Wriston)
You don’t need to read Michel Foucault’s work on biopolitics to understand that neoliberalism – in deep crisis since at least 2008 – is a control/governing technique in which surveillance capitalism is deeply embedded.
But now, with the world-system collapsing at breathtaking speed, neoliberalism is at a loss to deal with the next stage of dystopia, ever present in our hyper-connected angst: global mass unemployment.
Henry Kissinger, anointed oracle/gatekeeper of the ruling class, is predictably scared. He claims that, “sustaining the public trust is crucial to social solidarity.” He’s convinced the Hegemon should “safeguard the principles of the liberal world order.” Otherwise, “failure could set the world on fire.”
That’s so quaint. Public trust is dead across the spectrum. The liberal world “order” is now social Darwinist chaos. Just wait for the fire to rage.
The numbers are staggering. The Japan-based Asian Development Bank (ADB), in its annual economic report, may not have been exactly original. But it did note that the impact of the “worst pandemic in a century” will be as high as $4.1 trillion, or 4.8 percent of global GDP.
This an underestimation, as “supply disruptions, interrupted remittances, possible social and financial crises, and long-term effects on health care and education are excluded from the analysis.”
We cannot even start to imagine the cataclysmic social consequences of the crash. Entire sub-sectors of the global economy may not be recomposed at all.
The International Labor Organization (ILO) forecasts global unemployment at a conservative, additonal 24.7 million people – especially in aviation, tourism and hospitality.
The global aviation industry is a humongous $2.7 trillion business. That’s 3.6 percent of global GDP. It employs 2.7 million people. When you add air transport and tourism —everything from hotels and restaurants to theme parks and museums — it accounts for a minimum of 65.5 million jobs around the world.
According to the ILO, income losses for workers may range from $860 billion to an astonishing $3.4 trillion. “Working poverty” will be the new normal – especially across the Global South.
“Working poor,” in ILO terminology, means employed people living in households with a per capita income below the poverty line of $2 a day. As many as an additional 35 million people worldwide will become working poor in 2020.
Switching to feasible perspectives for global trade, it’s enlightening to examine that this report about how the economy may rebound is centered on the notorious hyperactive merchants and traders of Yiwu in eastern China – the world’s busiest small-commodity, business hub.
Their experience spells out a long and difficult recovery. As the rest of the world is in a coma, Lu Ting, chief China economist at Nomura in Hong Kong stresses that China faces a 30 percent decline in external demand at least until next Fall.
Neoliberalism in Reverse?
In the next stage, the strategic competition between the U.S. and China will be no-holds-barred, as emerging narratives of China’s new, multifaceted global role – on trade, technology, cyberspace, climate change – will set in, even more far-reaching than the New Silk Roads. That will also be the case in global public health policies. Get ready for an accelerated Hybrid War between the “Chinese virus” narrative and the Health Silk Road.
The latest report by the China Institute of International Studies would be quite helpful for the West — hubris permitting — to understand how Beijing adopted key measures putting the health and safety of the general population first.
Now, as the Chinese economy slowly picks up, hordes of fund managers from across Asia are tracking everything from trips on the metro to noodle consumption to preview what kind of economy may emerge post-lockdown.
In contrast, across the West, the prevailing doom and gloom elicited a priceless editorial from TheFinancial Times. Like James Brown in the 1980s Blues Brothers pop epic, the City of London seems to have seen the light, or at least giving the impression it really means it. Neoliberalism in reverse. New social contract. “Secure” labor markets. Redistribution.
Cynics won’t be fooled. The cryogenic state of the global economy spells out a vicious Great Depression 2.0 and an unemployment tsunami. The plebs eventually reaching for the pitchforks and the AR-15s en masse is now a distinct possibility. Might as well start throwing a few breadcrumbs to the beggars’ banquet.
That may apply to European latitudes. But the American story is in a class by itself.
For decades, we were led to believe that the world-system put in place after WWII provided the U.S. with unrivalled structural power. Now, all that’s left is structural fragility, grotesque inequalities, unpayable Himalayas of debt, and a rolling crisis.
No one is fooled anymore by the Fed’s magic quantitative easing powers, or the acronym salad – TALF, ESF, SPV – built into the Fed/U.S. Treasury exclusive obsession with big banks, corporations and the Goddess of the Market, to the detriment of the average American.
It was only a few months ago that a serious discussion evolved around the $2.5 quadrillion derivatives market imploding and collapsing the global economy, based on the price of oil skyrocketing, in case the Strait of Hormuz – for whatever reason – was shut down.
Now it’s about Great Depression 2.0: the whole system crashing as a result of the shutdown of the global economy. The questions are absolutely legitimate: is the political and social cataclysm of the global economic crisis arguably a larger catastrophe than Covid-19 itself? And will it provide an opportunity to end neoliberalism and usher in a more equitable system, or something even worse?
‘Transparent’ BlackRock
Wall Street, of course, lives in an alternative universe. In a nutshell, Wall Street turned the Fed into a hedge fund. The Fed is going to own at least two thirds of all U.S. Treasury bills in the market before the end of 2020.
The U.S. Treasury will be buying every security and loan in sight while the Fed will be the banker – financing the whole scheme.
So essentially this is a Fed/Treasury merger. A behemoth dispensing loads of helicopter money.
And the winner is BlackRock—the biggest money manager on the planet, with tentacles everywhere, managing the assets of over 170 pension funds, banks, foundations, insurance companies, in fact a great deal of the money in private equity and hedge funds. BlackRock — promising to be fully “transparent” — will buy these securities and manage those dodgy SPVs on behalf of the Treasury.
BlackRock, founded in 1988 by Larry Fink, may not be as big as Vanguard, but it’s the top investor in Goldman Sachs, along with Vanguard and State Street, and with $6.5 trillion in assets, bigger than Goldman Sachs, JP Morgan and Deutsche Bank combined.
Now, BlackRock is the new operating system (OS) of the Fed and the Treasury. The world’s biggest shadow bank – and no, it’s not Chinese.
Compared to this high-stakes game, mini-scandals such as the one around Georgia Senator Kelly Loffler are peanuts. Loffler allegedly profited from inside information on Covid-19 by the CDC to make a stock market killing. Loffler is married to Jeffrey Sprecher – who happens to be the chairman of the NYSE, installed by Goldman Sachs.
While corporate media followed this story like headless chickens, post-Covid-19 plans, in Pentagon parlance, “move forward” by stealth.
The price? A meager $1,200 check per person for a month. Anyone knows that, based on median salary income, a typical American family would need $12,000 to survive for two months. Treasury Secretary Steven Mnuchin, in an act of supreme effrontry, allows them a mere 10 percent of that. So American taxpayers will be left with a tsunami of debt while selected Wall Street players grab the whole loot, part of an unparalleled transfer of wealth upwards, complete with bankruptcies en masse of small and medium businesses.
Fink’s letter to his shareholders almost gives the game away: “I believe we are on the edge of a fundamental reshaping of finance.”
And right on cue, he forecasted that, “in the near future – and sooner than most anticipate – there will be a significant reallocation of capital.”
He was referring, then, to climate change. Now that refers to Covid-19.
Implant Our Nanochip, Or Else?
The game ahead for the elites, taking advantage of the crisis, might well contain these four elements: a social credit system, mandatory vaccination, a digital currency and a Universal Basic Income (UBI). This is what used to be called, according to the decades-old, time-tested CIA playbook, a “conspiracy theory.” Well, it might actually happen.
A social credit system is something that China set up already in 2014. Before the end of 2020, every Chinese citizen will be assigned his/her own credit score – a de facto “dynamic profile”, elaborated with extensive use of AI and the internet of things (IoT), including ubiquitous facial recognition technology. This implies, of course, 24/7 surveillance, complete with Blade Runner-style roving robotic birds.
The U.S., the U.K., France, Germany, Canada, Russia and India may not be far behind. Germany, for instance, is tweaking its universal credit rating system, SCHUFA. France has an ID app very similar to the Chinese model, verified by facial recognition.
Mandatory vaccination is Bill Gates’s dream, working in conjunction with the WHO, the World Economic Forum (WEF) and Big Pharma. He wants “billions of doses” to be enforced over the Global South. And it could be a cover to everyone getting a digital implant.
Here it is, in his own words. At 34:15: “Eventually what we’ll have to have is certificates of who’s a recovered person, who’s a vaccinated person…Because you don’t want people moving around the world where you’ll have some countries that won’t have it under control, sadly. You don’t want to completely block off the ability for people to go there and come back and move around.”
Then comes the last sentence which was erased from the official TED video. This was noted by Rosemary Frei, who has a master on molecular biology and is an independent investigative journalist in Canada. Gates says: “So eventually there will be this digital immunity proof that will help facilitate the global reopening up.”
This “digital immunity proof” is crucial to keep in mind, something that could be misused by the state for nefarious purposes.
The three top candidates to produce a coronavirus vaccine are American biotech firm Moderna, as well as Germans CureVac and BioNTech.
Digital cash might then become an offspring of blockchain. Not only the U.S., but China and Russia are also interested in a national crypto-currency. A global currency – of course controlled by central bankers – may soon be adopted in the form of a basket of currencies, and would circulate virtually. Endless permutations of the toxic cocktail of IoT, blockchain technology and the social credit system could loom ahead.
Already Spain has announced that it is introducing UBI, and wants it to be permanent. It’s a form insurance for the elite against social uprisings, especially if millions of jobs never come back.
So the key working hypothesis is that Covid-19 could be used as cover for the usual suspects to bring in a new digital financial system and a mandatory vaccine with a “digital identity” nanochip with dissent not tolerated: what Slavoj Zizek calls the “erotic dream” of every totalitarian government.
Yet underneath it all, amid so much anxiety, a pent-up rage seems to be gathering strength, to eventually explode in unforeseeable ways. As much as the system may be changing at breakneck speed, there’s no guarantee even the 0.1 percent will be safe.
Despair about the state of our politics pervades the political spectrum, from left to right. One source of it, the narrative of fairness offered in basic civics textbooks — we all have an equal opportunity to succeed if we work hard and play by the rules; citizens can truly shape our politics — no longer rings true to most Americans. Recent surveys indicate that substantial numbers of them believe that the economy and political system are both rigged. They also think that money has an outsized influence on politics. Ninety percent of Democrats hold this view, but so do 80 percent of Republicans. And careful studies confirm what the public believes.
None of this should be surprising given the stark economic inequality that now marks our society. The richest 1 percent of American households currently account for 40 percent of the country’s wealth, more than the bottom 90 percent of families possess. Worse yet, the top 0.1 percent has cornered about 20percent of it, up from 7 percent in the mid-1970s. By contrast, the share of the bottom 90 percent has since then fallen from 35 percent to 25 percent. To put such figures in a personal light, in 2017, three men — Jeff Bezos, Warren Buffett, and Bill Gates — possessed more wealth ($248.5 billion) than the bottom 50 percent of Americans.
Over the last four decades, economic disparities in the U.S. increased substantially and are now greater than those in other wealthy democracies. The political consequence has been that a tiny minority of extremely wealthy Americans wields disproportionate influence, leaving so many others feeling disempowered.
What Money Sounds Like
Two recent headline-producing scandals highlight money’s power in society and politics.
The first involved super-affluent parents who used their wealth to get their manifestly unqualified children into highly selective colleges and universities that previously had reputations (whatever the reality) for weighing the merits of applicants above their parents’ wealth or influence.
The second concerned Texas Senator Ted Cruz’s reported failure to reveal, as election laws require, more than $1 million in low-interest loans that he received for his 2012 Senate campaign. (For that lapse, the Federal Election Commission (FEC) fined Senator Cruz a modest $35,000.) The funds came from Citibank and Goldman Sachs, the latter his wife’s longtime employer. News of those undisclosed loans, which also cast doubt on Cruz’s claim that he had funded his campaign in part by liquidating the couple’s assets, only added to the sense that favoritism now suffuses the politics of a country that once prided itself on being the world’s model democracy. (Journalists covering the story couldn’t resist pointing out that the senator had often lambasted Wall Street’s “crony capitalism” and excessive political influence.)
The Cruz controversy is just one reflection of the coming of 1 percent politics and 1 percent elections to America at a moment when the first billionaire has been ensconced in the Oval Office for more than two years, posing as a populist no less.
Since the Supreme Court’s 2010 ruling in Citizens United v. Federal Election Commission, money has poured into politics as never before. That’s because the Court ruled that no limits could be placed on corporate and union spending aimed at boosting or attacking candidates running for political office. Doing so, the justices determined in a 5-4 vote, would be tantamount to restricting individuals’ right to free speech, protected by the First Amendment. Then came the Court’s 2014 McCutcheon v. Federal Election Commission decision (again 5-4), which only increased money’s influence in politics by removing the aggregate limit on an individual’s contribution to candidates and to national party committees.
In an age when money drives politics, even ex-presidents are cashing in. Fifteen years after Bill Clinton departed the White House, he and Hillary had amassed a net worth of $75 million — a 6,150percent increase in their wealth. Barack and Michelle Obama’s similarly soared from $1.3 million in 2000 to $40 million last year — and they’re just warming up. Key sources of these staggering increases include sky-high speaking fees (often paid by large corporations), including $153 million for the Clintons between February 2001 and May 2016. George W. Bush also made tens of millions of dollars in this fashion and, in 2017, Obama received $400,000 for a single speech to a Wall Street firm.
No wonder average Americans believe that the political class is disconnected from their day-to-day lives and that ours is, in practice, a democracy of the rich in which money counts (and counts and counts).
Cash for College
Now let’s turn to what those two recent scandals tell us about the nexus between wealth and power in America.
First, the school scam. Parents have long hired pricey tutors to coach their children for the college admissions tests, sometimes paying them hundreds of dollars an hour, even $1,500 for 90 minutes of high-class prep. They’ve also long tapped their exclusive social and political connections to gin up razzle-dazzle internships to embellish those college applications. Anyone who has spent as much time in academia as I have knows that this sort of thing has been going on for a long time. So has the practice of“legacy admissions” — access to elite schools especially for the kids of alumni of substantial means who are, or might prove to be, donors. The same is true of privileged access to elite schools for the kids of mega-donors. Consider, for instance, that $2.5 million donation Charles Kushner made to Harvard in 1998, not long before his son Jared applied. Some of the folks who ran Jared’s high school noted that he wasn’t exactly a whiz-bang student or someone with sky-high SAT scores, but — surprise! — he was accepted anyway.
What’s new about the recent revelations is that they show the extent to which today’s deep-pocketed helicopter parents have gone into overdrive, using brazen schemes to corrupt the college admissions process yet more. One unnamed parent spent a cool $6.5 million to ensure the right college admitted his or her child. Others paid hefty amounts to get their kids’ college admissions test scores falsified or even hired proxies to take the tests for them. Famous actors and financial titans made huge payments to university sports coaches, who then lied to admissions officers, claiming that the young applicants were champions they had recruited in sports like water polo, crew, or tennis. (The kids may have known how to swim, row, or play tennis, but star athletes they were not.)
Of course, as figures on the growing economic inequality in this country since the 1970s indicate, the overwhelming majority of Americans lack the connections or the cash to stack the deck in such ways, even assuming they would do so. Hence, the public outrage, even though parents generally understand that not every aspirant can get into a top school — there aren’t enough spots — just as many know that their children’s future happiness and sense of fulfillment won’t depend on whether they attend a prestigious college or university.
Still, the unfairness and chicanery highlighted by the admissions scandal proved galling, the more so as the growing crew of fat cats corrupting the admissions process doubtless also preach the gospel of American meritocracy. Worse, most of their kids will undoubtedly present their fancy degrees as proof that quality wins out in our society, never mind that their starting blocks were placed so far ahead of the competition.
To add insult to injury, the same parents and children may even portray admissions policies designed to help students who lack wealth or come from underrepresented communities as violations of the principles of equal opportunity and fairness, democracy’s bedrock. In reality, students from low-income families, or even those of modest means, are startlingly less likely to be admitted to top private universities than those from households in the top 10 percent. In fact, applicants from families in the top 1 percent are now 77 times more likely than in the bottom 20 percent to land in an elite college, and 38 of those schools admit more kids from families in that top percentage than from the bottom 60 percent.
Buying Politics (and Politicians), American-Style
Now, let’s return to the political version of the same — the world in which Ted Cruz swims so comfortably. There, too, money talks, which means that those wealthy enough to gain access to, and the attention of, lawmakers have huge advantages over others. If you want political influence, whether as a person or a corporation, having the wealth needed to make big campaign contributions — to individuals or groups — and to hire top-drawer lobbyists makes a world of difference.
Official data on the distribution of family income in the United States show that the overwhelming majority of Americans can’t play that game, which remains the preserve of a tiny super-rich minority. In 2015, even with taxes and government-provided benefits included, households in the lowest 20 percent accounted for only about 5 percent of total income. Their average income — not counting taxes and government-provided assistance — was only $20,000. The share of the bottom 50 percent — families making $61,372 or less — dropped from 20 percent to 12 percent between 1978 and 2015. By contrast, families in the top 1 percent earned nearly 50 percent of total income, averaging $215,000 a year — and that’s only income, not wealth. The super-rich have plenty of the latter, those in the bottom 20 percent next to none.
Before we proceed, a couple of caveats about money and political clout. Money doesn’t always prevail. Candidates with more campaign funds aren’t guaranteed victory, though the time politicians spend raising cash leaves no doubt that they believe it makes a striking difference. In addition, money in politics doesn’t operate the way simple bribery does. The use of it in pursuit of political influence works more subtly, and often — in the new era opened by the Supreme Court — without the slightest need to violate the law.
Still, in Donald Trump’s America, who would claim that money doesn’t talk? If nothing else, from inaugural events — for Trump’s inaugural $107 million was raised from a host of wealthy donors with no limits on individual payments, 30 of which totaled $1 million or more — to gala fundraisers, big donors get numerous opportunities to schmooze with those whose campaigns they’ve helped bankroll. Yes, there’s a limit — currently $5,600 — on how much any individual can officially give to a single election campaign, but the ultra-wealthy can simply put their money into organizations formed solely to influence elections as well as into various party committees.
Individuals, companies, and organizations can, for instance, give money to political action committees (PACs) and Super PACs. Though bound by rules, both entities still have lots of leeway. PACs face no monetary limits on their independent efforts to shape elections, though they can’t accept corporate or union money or take more than $5,000 from individuals. They can provide up to $5,000 to individual election campaigns and $15,000 per party committee, but there’s no limit on what they can contribute in the aggregate. Super PACs have far more running room. They can rake in unlimited amounts from a variety of sources (as long as they’re not foreign) and, like PACs, can spend limitless sums to shape elections, providing they don’t give money directly to candidates’ campaigns.
Then there are the dark money groups, which can receive financial contributions from any source, American or foreign. Though their primary purpose is to push policies, not individual campaigns, they can engage in election-related work, provided that no more than half their funds are devoted to it. Though barred from donating to individual campaigns, they can pour unlimited money into Super PACs and, unlike PACs and Super PACs, don’t have to disclose who gave them the money or how much. Between 2008 and 2018, dark money groups spent $1 billion to influence elections.
In 2018, 2,395 Super PACs were working their magic in this country. They raised $1.6 billion and spent nearly $809 million. Nearly 78 percent of the money they received came from 100 donors. They, in turn, belonged to the wealthiest 1 percent, who provided 95 percent of what those Super PACs took in.
As the 2018 congressional elections kicked off, the four wealthiest Super PACs alone had $113.4 million on hand to support candidates they favored, thanks in substantial measure to business world donors. In that election cycle, 31 individuals ponied up more than $5 million apiece, while contributions from the top four among them ranged from almost $40 million to $123 million.
The upshot: if you’re running for office and advocate policies disliked by wealthy individuals or by companies and organizations with lots of cash to drop into politics, you know from the get-go that you now have a problem.
Wealth also influences political outcomes through the lobbying industry. Here again, there are rules, but even so, vast numbers of lobbyists and eye-popping amounts of lobbying money now are at the heart of the American political system. In 2018 alone, the 50 biggest lobbying outfits, largely representing big companies, business associations, and banks, spent $540 million, and the grand total for lobbying that year alone was $3.4 billion.
Nearly 350 of those lobbyists were former legislators from Congress. Officials departing from senior positions in the executive branch have also found artful ways to circumvent presidential directives that prohibit them from working as lobbyists for a certain number of years.
Do unions and public interest groups also lobby? Sure, but there’s no contest between them and corporations. Lee Drutman of the New America think tank notes that, for every dollar the former spent in 2015, corporate donors spent $34. Unsurprisingly, only one of the top 20 spenders on lobbying last year was a union or a public-interest organization.
The sums spent by individual companies to gain political influence can be breathtaking. Take now-embattled Boeing. It devoted $15 million to lobbying in 2018 — and that’s not counting its campaign contributions, using various channels. Those added another $8.4 million in the last two-and-a-half years. Yet Boeing only placed 11th among the top 20 corporate spenders on lobbying last year. Leading the pack: the U.S. Chamber of Commerce at $94.8 million.
Defenders of the status quo will warn that substantially reducing money’s role in American politics is sure to threaten democracy and civil liberties by ceding undue power to the state and, horror of horrors, putting us on the road to “socialism,” the right wing’s bogeyman du jour. This is ludicrous. Other democracies have taken strong steps to prevent economic inequality from subverting their politics and haven’t become less free as a result. Even those democracies that don’t limit political contributions have adopted measures to curb the power of money, including bans on television ads (a huge expense for candidates in American elections: $3 billion in 2018 alone just for access to local stations), free airtime to allow competitors to disseminate their messages, and public funds to ease the financial burden of election campaigns. Compared to other democracies, the United States appears to be in a league of its own when it comes to money’s prominence in politics.
Those who favor continuing business as usual like to point out that federal “matching funds” exist to help presidential candidates not be steamrolled by competitors who’ve raised mounds of money. Those funds, however, do no such thing because they come with stringent limits on total spending. Candidates who accept matching funds for a general election cannot accept contributions from individuals. Moreover, matching funds are capped at $20 million, which is a joke considering that Barack Obama and Mitt Romney spent a combined $1.2 billion in individual contributions alone during the 2012 presidential election. (Super PACs spent another $350 million to help Romney and $100 million to back Obama.)
A New American Tradition?
Rising income inequality, wage stagnation, and slowing social mobility hurt ordinary Americans economically, even as they confer massive social and political advantages on the mega-rich — and not just when it comes to college admissions and politics either.
Even the Economist, a publication that can’t be charged with sympathy for left-wing ideas, warned recently of the threat economic inequality poses to the political agency of American citizens. The magazine cited studies showing that, despite everything you’ve heard about the power of small donations in recent political campaigns, 1 percent of the population actually provides a quarter of all the money spent on politics by individuals and 80 percent of what the two major political parties raise. Thanks to their wealth, a minuscule economic elite as well as big corporations now shape policies, notably on taxation and expenditure, to their advantage on an unprecedented scale. Polls show that an overwhelming majority of Americans support stricter laws to prevent wealth from hijacking politics and want the Citizens United ruling overturned. But then just how much does the voice of the majority matter? Judging from the many failed efforts to pass such laws, not much.
Tyranny is often seen as a sudden and inexplicable development in a society; the product of a singular despot that rockets to power for a limited window of time due to public fear or stupidity. This is one of the great lies of the modern era.
The truth is that for at least the past century almost every historically despised “tyrant” was merely a puppet of a larger managerial cabal, and the construction of each totalitarian state was accomplished slowly and quietly over the course of decades by those same financial elitists. From the Bolsheviks, to Hitler and the Third Reich, to Mao Zedong, to most tin-pot dictators across the Middle East and Africa, there has always been an organized group of money men and think tanks fueling the careers of the worst politicians and military juntas of the epoch.
The rise of a tyrannical system takes extensive time, planning and staging. Human beings do not simply jump right into the arms of a dystopian nightmare regime impulsively at a moment’s notice. We have been told by popular media that this is how it works; that during hard economic or social conditions men with charismatic personalities and evil intentions suddenly rise to the surface and take power by promising a better world in exchange for public fealty. But where did those economic and social crises come from to begin with? Were they a natural consequence of the era, or were they deliberately engineered?
The reality is that people must be psychologically conditioned to trade freedom for the illusion of safety. Sometimes this takes generations. Every attempt at a totalitarian framework inevitably elicits a rebellion. Therefore, the most successful tyranny would be one that the public DEMANDS. They have to think it is their idea, otherwise they will eventually fight it.
Globalist financiers and power addicts need something more than mere military might or bureaucratic force to obtain their ideal slave society. They need 4th Generation warfare tactics. They need to con the masses into accepting their own servitude.
There are two tools that make this outcome possible: The first is controlled economic decline, the second is the integration of a technological gulag into every aspect of public life.
Economic Weapons Of Mass Distraction
It is no coincidence that dictatorial governments gain prominence as the global economy suffers; it is extremely difficult for people to remain vigilant to tyranny when they are completely distracted by their own survival. This is why my focus as an analyst has always been primarily on economics and solutions to fiscal disaster; it all begins and ends with the economy. If the public can be prepped to develop their own alternative economic systems before a crisis occurs, then they will be less distracted by the chaos and more apt to notice when the globalists offer tyranny as a fix-all.
Without alternative markets at the local level there is no redundancy, no protection from a crash. With most people dependent on the existing system for their livelihoods, the economy becomes a very useful weapon for the globalists.
Holding the economy hostage creates numerous advantages. Through deflationary pressure wages can be kept low while higher paying jobs disappear. Manufacturing can be phased out or outsourced overseas, as in the U.S. Small business ownership becomes difficult as taxes generally rise while financial conditions decline.
Through inflationary or stagflationary pressures, low wages and the inadequate job market are combined with exploding prices. This makes survival for many people untenable without government aid.
In this environment, the working public becomes reliant on the service sector, which provides no useful skill sets. Soon, you have entire generations of people with no production abilities whatsoever. They become drones working in meaningless office and retail jobs squandering away their days knowing that they are accomplishing nothing beyond a meager paycheck.
The lack of a greater purpose or mission in life and the nagging realization that the average person has no productive capacity creates a palpable atmosphere of desperation. They do not own their own work, and they have nothing much to show for their labor; nothing to point at and say, “I built that.” The public gets to the point that they may even welcome an economic collapse simply to escape the drudgery.
This is where movements to support totalitarianism come from — the subset of citizens that are fed up with fighting against the economy and have no sense of independence. These people do not know how to solve their own problems, they are always looking for someone else to do it for them. The globalists are happy to suggest their own predetermined solutions to the public once the financial structure hits a point of maximum pain.
However, after the economy is repaired in exchange for the submission of the citizenry, people might still decide one day that the trade was unfair. Thus, a deterrent is needed to keep them in line.
The Technological Fish Tank
It is important to understand that there is no major country in the western OR eastern world that is not building a digital control grid, and this helps to support my position that eastern nations are just as subservient to globalist demands as western nations. All the geopolitical drama surrounding events like the trade war, the Syrian war or various elections, etc.; none of this matters in the end. When determining if the strings of a particular government are being pulled by the globalist cabal, all you have to do is look at how quickly they are implementing oppressive systems that serve globalist interests.
For example, India’s government has been hitting the news feeds lately as their supreme court recently ruled that the controversial Aadhaar biometric program is legal. In a nation of 1.3 billion people, around 1 billion have already been biometrically profiled in a national database. This data can include fingerprints, iris scans and face scans.
I have heard it argued that India is a rather odd place to experiment with such a database, considering 60% of the population is under the poverty line and most people barely have basic amenities. But I would point out that this is why it is a PERFECT place for the globalists to start cataloging the world population on larger scale.
Again, financial desperation and a lack of productions skills tends to produce subservience. Hundreds of millions of poverty stricken people in India’s sprawling urban sewers are voluntarily giving up their biometric data in exchange for government aid programs.
For the people not anchored down by the poor economy India has instituted other measures, including requiring anyone accessing government services, opening a bank account or signing up for a mobile phone service also give up their biometrics to the government. In nations not yet impoverished at India’s level, more subversive measures have been instituted for surveillance of the population. Data is simply taken rather than traded.
In Russia, Vladimir Putin has put the Yarovaya laws he signed in 2016 into effect. All digital data from phone conversations to emails is now recorded and stored by telecoms for government access for a minimum of six months, this includes Facebook and Twitter posts. The 2014 bloggers law also requires any blogger with over 3,000 followers be put on government file and they cannot remain anonymous. Any business operating a public Wi-Fi network is required by law to identify users by ID, which is also stored for at least six months.
Russia’s FISA-style surveillance grid is vast, yet, many people in the liberty movement seem to ignore this reality with misplaced Putin-worship. As I have noted in numerous articles, Russia is heavily influenced by international financiers.
Goldman Sachs and JP Morgan are the largest investment banks in the country. Their central bank works closely with the IMF and the BIS. The Kremlin has in the past called for a global currency controlled by the IMF. And Putin even admits in his own biography First Person that he has been friends with New World Order salesman Henry Kissinger since before he became president of Russia. In a latest show of how globalist Russia really is, the Russian Foreign Minister recently criticized the U.S. in a speech to the U.N. general assembly over its “attacks” on the “international order,” including undermining the World Trade Organization and global climate change agreements.
With the above in mind, it should come as no surprise to anyone that Russia is playing right along with globalist efforts to identify and track every single living person. It should also come as no surprise that Donald Trump, surrounded by globalists within his own cabinet, is continuing and expanding FISA surveillance under his administration.
At the beginning of 2018 Trump signed a bill renewing the National Security Agency’s warrantless FISA mass surveillance of the American population. Leading Democrats happily supported the action. Despite all of Trump’s rhetoric against FISA recently, it was Trump that made FISA’s continuation possible.
Major social media companies are cooperating wholeheartedly with mass surveillance efforts as they share personal data with governments around the world regularly. Facebook alone saw an increase in government requests for data of over 33% in 2017, and the nature of most of this data sharing is not open to public scrutiny.
This is one reason why I’m rather bewildered by the recent conservative fury over social media discrimination – it’s as if personal liberty activists are being tricked with reverse psychology to DEMAND unhindered participation in media sites that spy on them. Why does anyone still want to sign up for these websites?
But where is this all going? How does the combination of poverty and digital surveillance translate to tyranny? I believe China’s “social credit” program is the answer. The system is based on the idea of “maintaining trust”, but whose trust? Well, the government’s trust, of course. Trust is measured using a social credit score that is tracked over a citizen’s life. Punished behaviors include anything from smoking in a no smoking area to publishing internet content that the powers-that-be disapprove of.
China is representative of the end game for the globalist ideal for civilization. With mass economic struggle leading to dependency on government welfare programs and employment opportunities, few citizens can afford to be “blacklisted.” China’s social credit system creates an environment in which any and every action on the part of citizens is tracked and then “rated” for acceptance or consequence. This includes how people express attitudes toward the government itself. Obviously, this is the ultimate control mechanism, very similar to the Cheka established by Lenin and Stalin in Russia after the Bolshevik Revolution, but on a massive digital scale.
This is why mass surveillance is evil, regardless of whether someone is breaking the laws or not. It gives government the power to dictate and mold behavior by inspiring self-censorship rather than holding people directly at gun point. It is tyranny enforced in a less obvious way; a prison in which the prisoners maintain the locks and the chains and the bars. Individuals do not dare do anything outside of collective norms for fear that it could be interpreted as socially negative. Punishment might include loss of access to the economy itself, and when most people are living from paycheck to paycheck, this could mean death.
Average Americans, whose economic survival is threatened, have no political party to represent them, including deceptive Democrats who claim to be their champions and blame others when their deception fails, says Paul Street.
Never underestimate the capacity of the United States’ Inauthentic Opposition Party, the corporate Democrats, for self-congratulatory delusion and the externalization of blame.
Look, for example, at the Democratic National Committee’s (DNC) recently filed 66-page lawsuit against Russia, WikiLeaks, and the 2016 Donald Trump campaign. The document accuses Russia of “mount[ing] a brazen attack on the American democracy,” “destabilize[ing] the U.S. political environment” on Trump’s (and Russia’s) behalf, and “interfering with our democracy….”
“The [RussiaGate] conspiracy,” the DNC Complaint says, “undermined and distorted the DNC’s ability to communicate the [Democratic] party’s values and vision to the American electorate” and “sowed discord within the Democratic Party at a time when party unity was essential…”
Yes, Russia, like numerous other nations living under the global shadow of the American Superpower, may well have tried to have some surreptitious say in 2016 U.S. presidential election. (Why wouldn’t the Kremlin have done that, given the very real and grave threats Washington and its Western NATO allies have posed for many years to post-Soviet-era Russian security and peace in Eastern Europe?)
Still, charging Russia with interfering with US-“American democracy” is like me accusing the Washington Capital’s star left winger Alex Ovechkin of interfering with my potential career as a National Hockey League player (I’m middle aged and can’t skate backwards). The U.S. doesn’t have a functioning democracy to undermine, as numerous careful studies (see this,this,this,this,this,this,this,this, and this) have shown.
We have, rather, a corporate and financial oligarchy, an open plutocracy. U.S.-Americans get to vote, yes, but the nation’s “unelected dictatorship of money” reigns nonetheless in the United States, where, as leading liberal political scientists Benjamin Page (Northwestern) and Marin Gilens (Princeton) find, “government policy…reflects the wishes of those with money, not the wishes of the millions of ordinary citizens who turn out every two years to choose among the preapproved, money-vetted candidates for federal office.”
Our Own Oligarchs
Russia and WikiLeaks “destabilized the U.S. political environment”? Gee, how about the 20 top oligarchic U.S. mega-donors who invested more than $500 million combined in disclosed campaign contributions (we can only guess at how much “dark,” that is undisclosed, money they gave) to candidates and political organizations in the 2016 election cycle? The 20 largest organizational donors also gave a total of more than $500 million. The foremost plutocratic election investors included hard right-wing billionaires like casino owner Sheldon Adelson ($83 million disclosed to Republicans and right-wing groups), hedge-fund manager Paul Singer ($26 million to Republicans and the right), hedge fund manager Robert Mercer ($26 million) and packaging mogul Richard Uihlein ($24 million).
How about the multi-billionaire Trump’s own real estate fortune, which combined with the remarkable free attention the corporate media oligopoly granted him to help catapult the orange-tinted fake-populist beast past his more traditional Republican primary opponents? And what about the savagely unequal distribution of wealth and income in Barack Obama’s America, so extreme in the wake of the Great Recession that Hillary’s primary campaign rival Bernie Sanders could credibly report that the top tenth of the upper U.S.1% possessed nearly as much wealth as the nation’s bottom 90%? Such extreme disparity helped doom establishment, Wall Street- and Goldman Sachs-embroiled candidates like Jeb Bush, Marco Rubio, and Mrs. Clinton in 2016. Russia and WikiLeaks did not create that deep, politically- and neoliberal-policy-generated socioeconomic imbalance.
Double Vision
And just what were the Democratic Party “values and vision” that Russia, Trump, and WikiLeaks supposedly prevented the DNC and the Clinton team from articulating in 2016? As the distinguished political scientist and money-politics expert Thomas Ferguson and his colleagues Paul Jorgensen and Jie Chen noted in an important study released three months ago, the Clinton campaign “emphasized candidate and personal issues and avoided policy discussions to a degree without precedent in any previous election for which measurements exist….it deliberately deemphasized issues in favor of concentrating on what the campaign regarded as [Donald] Trump’s obvious personal weaknesses as a candidate.” Strangely enough, the Twitter-addicted reality television star Trump had a lot more to say about policy than the former First Lady, U.S. Senator, and Secretary of State Hillary Clinton, a wonkish Yale Law graduate.
The Democrats “values and vision” in 2016 amounted pretty much to the accurate but hardly inspiring or mass-mobilizing notion that Donald Trump was an awful person who was unqualified for the White House. Clinton ran almost completely on candidate character and quality. This was a blunder of historic proportions, given Clinton’s own highly problematic character brand. Any campaign needs a reasonably strong policy platform to stand on in case of candidate difficulties.
By Ferguson, Jorgenson, and Chen’s account, Hillary’s peculiar policy silence was about U.S. oligarchs’ campaign money. Thanks to candidate Trump’s bizarre nature and his declared isolationism and nationalism, Clinton achieved remarkable campaign finance success with normally Republican-affiliated capitalist sectors less disposed to abide the standard, progressive-sounding policy rhetoric of Democratic Party candidates than their more liberal counterparts.
One ironic but “fateful consequence” of her curious connection to conservative business interests was her “strategic silence about most important matters of public policy. … Misgivings of major contributors who worried that the Clinton campaign message lacked real attractions for ordinary Americans were rebuffed. The campaign,” Ferguson, Jorgenson, and Chen wrote, “sought to capitalize on the angst within business by vigorously courting the doubtful and undecideds there, not in the electorate.”
Other Clinton mistakes included failing to purchase television ads in Michigan, failing to set foot in Wisconsin after the Democratic National Convention, and getting caught telling wealthy New York City campaign donors that Trump’s white supporters were “a basket of” racist, sexist, nativist, and homophobic “deplorables.” This last misstep was a Freudian slip of the neoliberal variety. It reflected and advanced the corporate Democrats’ longstanding alienation of and from the nation’s rural and industrial and ex-industrial “heartland.”
Fake Progressives
As left historian Nancy Fraser noted after Trump was elected, the Democrats, since at least the Bill Clinton administration, had joined outwardly progressive forces like feminism, antiracism, multiculturalism, and LGBTQ rights to “financial capitalism.” This imparted liberal “charisma” and “gloss” to “policies that …devastated…what were once middle-class lives” by wiping out manufacturing, weakening unions, slashing wages, and increasing the “precarity of work.”
To make matters worse, Fraser rightly added, the “progressive neoliberal” blue-and digital-zone Democrats “compounded” the “injury of deindustrialization” with “the insult of progressive moralism,” which rips red-and analog-zone whites as culturally retrograde (recall candidate Obama’s problematic 2008 reflection on how rural and small-town whites “cling to religion and guns”) and yet privileged by the simple color of their skin.
Such insults from elite, uber-professional class neo-liberals like Obama (Harvard Law) and the Clintons (Yale Law) would sting less in the nation’s “flyover zones” if the those uttering them had not spent their sixteen years in the White House governing blatantly in accord with the wishes of Wall Street, Silicon Valley, and the leading multinational corporations. Like Bill Clinton’s two terms, the Obama years were richly consistent with Sheldon Wolin’s early 2008 description of the Democrats as an “inauthentic opposition” whose dutiful embrace of “centrist precepts” meant they would do nothing to “substantially revers[e] the drift rightwards” or “significantly alter the direction of society.”
The fake-“progressive” Obama presidency opened with the expansion of Washington’s epic bailout of the very parasitic financial elites who recklessly sparked the Great Recession (this with no remotely concomitant expansion of federal assistance to the majority middle- and working-class victims), the abandonment of campaign pledges to restore workers’ right to organize (through the immediately forgotten Employee Free Choice Act), and the kicking of Single Payer health care advocates to the curb as Obama worked with the big drug and insurance syndicates to craft a corporatist, profit-friendly health insurance reform. Obama’s second term ended with him doggedly (if unsuccessfully) championing the arch-authoritarian global-corporatist Trans Pacific Partnership.
This Goldman Sachs and Citigroup-directed policy record was no small part of what demobilized the Democrats’ mass electoral base in ways that “destabilized the U.S. political environment” to the benefit of the reactionary populist Trump, whose Mercer family-backed proto-fascistic strategist and Svengali Steve Bannon was smartly attuned to the Democrats’ elitist class problem.
There was a major 2016 presidential candidate who ran with genuinely progressive “values and vision” – Bernie Sanders. The most remarkable finding in Ferguson, Jorgenson, and Chen’s study is that the self-declared “democratic socialist” Sanders came tantalizingly close to winning the Democratic presidential nomination with no support from Big Business. The small-donor Sanders campaign was “without precedent in American politics not just since the New Deal, but across virtually the whole of American history … a major presidential candidate waging a strong, highly competitive campaign whose support from big business was essentially zero.”
Sanders was foiled by the big-money candidate Clinton’s advance control of the Democratic National Committee and convention delegates. Under a formal funding arrangement it worked up with the Democratic National Committee (DNC) in late September of 2015, the depressing “lying neoliberal warmonger” Hillary’s campaign was granted advance control of all the DNC’s “strategic decisions.” The Democratic Party’s presidential caucuses and primaries were rigged against Sanders in ugly ways that provoked a different lawsuit last year – a class-action suit against the DNC on behalf of Sanders’ supporters. The complaint was dismissed by a federal judge who ruled on the side of DNC lawyers by agreeing that the DNC was within its rights to violate their party’s charter and bylaws by selecting its candidate in advance of the primaries.
How was that for the noble “values and vision” that “American democracy” inspires atop the not-so leftmost of the nation’s two major and electorally viable political parties?
Under Cover of Russia-gate
That’s what “sowed discord within the Democratic Party at a time when party unity was essential…” Russia didn’t do it. Neither did WikiLeaks or the Trump campaign. The Clinton campaign and the Democratic Party establishment – themselves funded by major U.S. oligarchs like San Francisco hedge-fund billionaire Tom Steyer– did that on their own.
Along the way, the Inauthentic Opposition’s candidate roster for the upcoming Congressional mid-term election is loaded with an extraordinary number of contenders with U.S. military and intelligence backgrounds, consistent with Congressional Democrats repeated votes to give massive military and surveillance-state funds and power to a president they consider (accurately enough) unbalanced and dangerous.
The trick, the neoliberal “CIA Democrats” think, is to run conservative, Wall Street-backed imperial and National Security State veterans who pretend (see Eric Draitser’s recent piece on “How Clintonites Are Manufacturing Faux Progressive Congressional Campaigns”) to be aligned with majority-progressive left-of-center policy sentiments and values. It’s still very much their party.
Whatever happens during the next biennial electoral extravaganza, “the crucial fact” remains, in Wolin’s words nine years ago, “that for the poor, minorities, the working class and anti-corporatists there is no opposition party working on their behalf” in the United States – the self-declared homeland and headquarters of global democracy.
Paul Street is an independent radical-democratic policy researcher, journalist, historian, author and speaker based in Iowa City, Iowa, and Chicago, Illinois. He is the author of seven books. His latest is They Rule: The 1% v. Democracy (Paradigm, 2014).
Many people believe the world is spiraling in a downward freefall toward Armageddon. At the same time billions on Earth feel the sting of crippling poverty, sanctions, and austerity imposed by the elites – the numbers of billionaires have risen geometrically. And so have those billionaire’s profits. It’s time we took a closer look at where we stand as of 2018, if we are to be left anything at all to cling to. From the steppes of Russia to the ancient lands of the Minoans, economic terror now reigns.
When I left Germany for Greece several months ago, the common belief there was that the “lazy Greeks” were part of the cause of Deutsche banker discomfort. My neighbors in Germany’s oldest city of Trier honestly believe the bailout of Greece is because Greeks unwilling to work hard. The bitter irony of this believe lies in the fact the average German would melt under the workload of the average citizen here in Heraklion on Crete. As an American what I witnessed in Germany can only be considered a “part-time” employment state. But here in Greece the average person works seven days a week, and usually at more than one job. This microeconomic perception is one that has been implanted by state and corporate controlled media in Germany. There’s a very good reason for this, which I will now explain.
A New Secret Economic Weapon – Organized Failures
The International Monetary Fund, the German and American bankers, the globalist elites who control financial systems in the so-called “west” – they’ve been on a mission since 2008. The “meltdown” of markets when Barack Obama first took office as American president was not some random and chaotic economic mistake. Wall Street and the global markets were turned upside down on purpose. In his book “Secret Weapon”, the CEO of Freeman Global Holdings and a New York Times bestselling author Kevin Freeman presents a persuasive chain of evidence pointing to the fact the crash of September 2008 was the result of a deliberate and well-prepared act of sabotage. Even though the author blames competing governments like China and Iran for what he terms “economic terrorism”, his proofs and theories are correct in so far as the “meltdown” being on purpose. The fact Freeman is founder and chairman of the NSIC Institute, and a Senior Fellow of the Center for Security Policy suggests his work may be a double dealing by the financial community to obscure the real perpetrators. But for my report it’s more important to follow the trail of financial chaos to our financial reality.
Freeman is not alone in his suggestion the economic crisis was a conspiracy. The financial disaster of 2008 costs Americans nearly $20 trillion dollars, as framed in this Forbes piece by investment banker and former Forbes editor, Robert Lenzner. In the report the financial guru inadvertently points the finger at Goldman Sachs and Citigroup, claiming the Greenspan Treasury allowed them to “master their own appetite for profits,” which in turn led to the various collapses that forced the American people to bail out the banks. Lenzner, to his great credit, goes on to describe the lurking dangers for total collapse we still face. But what about Greece, the rest of Eastern Europe, the Germans and the rest of the indebted world? Who can we blame for destroying the futures of a billion people? When I’m done your come to realize the Nazis never lost World War II. Read on.
Win-Win or Lose-Lose for Ukraine
Ukraine was turned into a “scorched Earth” when Hitler’s operation Barbarossa threatened Russia. When the armies commanded by Joseph Stalin during the German Army’s invasion of the Soviet Union in the Second World War destroyed crops and goods in their path, the invaders found nothing to fuel their advance. Today Ukraine is laid waste by an economic Barbarossa where the Russians had no opportunity to defend the steppes. Some will remember Vice President Joe Biden’s son taking a position to reap Ukrainian energy benefits. Other readers may recall when a Franklin Templton investment fund, one controlled by the Rothschild bankers, bought up 20% of Ukraine’s debts at junk bond prices. You see, the US orchestrated situation in Ukraine is not simply about events on the Maidan and the ongoing war in the Donbass as a byproduct of the geopolitics of the United States seeking to cut off Ukraine from Russia. Agri-giant Monsanto and other GMO companies had targeted Ukraine long before the events on Maidan Square, and the fact Ukraine is a Central hub in the supply of Russian gas to Europe cannot be under-stressed. Where foreign profiteering in Ukraine is concerned, this story on my blog tells of an Oakland Institute report where more than 1.6 million hectares of land in Ukraine went under the control of foreign-based corporations. This quote from the report makes my case for economic terrorism by the west for me:
“International financial institutions swooped in on the heels of the political upheaval in Ukraine to deregulate and throw open the nation’s vast agricultural sector to foreign corporations….Monsanto, Cargill, and DuPont, and how corporations are taking over all aspects of Ukraine’s agricultural system.”
These stories were more than two years ago. Today we see the catastrophic effects of the Euromaidan far from the battle front and the Donbass region’s pro-Russian separatists.
When I first learned that the forests in the Ukrainian Carpathians were being chopped to the ground back in 2016, the impending ecological disaster perpetrated by these globalist blood suckers hit home hard. This Counterpunch story tells the tale of a brand of liberty and democracy no Ukrainian can afford. Despite the aerial photos and other proofs Ukraine’s forests were being stolen from under the people, the Lviv Regional Forestry and Hunting Agency denied all such reports in customary Eastern European mafia form. The fact is, the Petro Poroshenko assisted in selling out Carpathian forests. Ecologists now predict an ecological Armageddon for western Ukraine. These photos from Censor.net prove the disaster in progress. This RT story on the firesale by the Poroshenko regime of 22 out of 34 state assets being put up for sale at a 60 percent discount leads us into the Greece situation, where the legacy of a people is up for grabs.
Those lazy Greeks! Funny, I just walked around the corner to the bakery here in Heraklion to get a coffee from the same lady I get coffee from every day. She was there Christmas, and I am sure she’ll be there behind the counter New Year’s Eve and New Year’s Day. The shopkeeper across the street, he sees Alexis Tsipras on TV and shoves an open hand toward Greece’s Prime Minister shouting; “Malaka!”, which can only be translated coldly as “jerk-off”. Also in the hotel lobby, at the donut house in the city center, and at each-and-every shop along Heraklion’s many retail districts, Greece officials are all Malakas (in ancient Greek – mentally ill) or worse. I’ll bet most Germans don’t know or care to know that the VAT in Greece is now 24%, and that the average shopkeeper pays 37% – 45% in income tax on top of the VAT for the goods they purchase. As crazy as it sounds though, Cretans are still especially friendly toward foreigners like me. If they only know what the German and American bankers did to them.
The Greece Fire Sale – A Tsipras Sellout
I just made a report about the great Greek sellout of privatization on my travel news site Argophilia Travel News this morning. Researching it prompted me to do this piece for NEO. The long and short of the Greek economic crash that was assisted by none other than Goldman Sachs, is that the same privatization the globalists had in store for Russia during the Yeltsin years is being exacted on Greeks. The latest sellout by Tsipras, who swore he’d end privatization, the Germans and Americans snapping up the Thessaloniki Port and the future of LNG shipments to Europe through Greece. I found it interesting that one of the principals in this sale, South Europe Gateway Thessaloniki (SEFT) Limited Director, Alexander von Mellenthin Has a distinguished German name. I’m not certain, but I believe he is a close relative of both General of the artillery, Horst Alexander, Alfred Paul von Mellenthin, and his brother, Major General Friedrich Wilhelm von Mellenthin, who served as Hitler’s chief of staff of the XXXXVIII Panzer Corps in the occupied Soviet Union, including the Battle of Kursk, the Battle of Kiev, and the spring 1944 retreat through the western Ukraine. The term “irony” will simply not do if Mellenthin is the son or grandson of a key Nazi general. Financial Blitzkrieg, Financial Armageddon, and the Fourth Reich finalizing the rape of Greece! Wow.
Regardless of whether or not the kin of old Nazis are expanding the Fourth Reich or not, the fact the European Commission, the International Monetary Fund and the European Central Bank have insisted on Greek and other privatization schemes as a condition for much-needed loans for bailouts is a smoking gun held by the same elites who always fuel wars. The fallacy of the “lazy Greek” lives on because of those who would reap the vast financial rewards of yet another deconstructed economy. It’s no coincidence that the Greek privatization plan’s administrator — the Hellenic Republic Asset Development Fund (TAIPED) — so closely resembles Germany’s Treuhandanstalt, or the agency charged with the privatization of East Germany’s state-owned enterprises following unification. Few readers will recall Treuhandanstalt being accused of turning over to West German big business hundreds of billions of Deutsche Marks in national property for little or nothing. And, though a number of Treuhandanstalt managers were ultimately indicted for corruption and embezzlement, this brand of pillaging has escalated in the Greece situation. There was even a plan back in 2014 to convert much of Greece’s protected coastal areas into “composite tourist villages,” a move which would essentially privatize every inch of valuable Greek seaside. Former Greek Finance Minister, Yanis Varoufakis called the Treuhandanstalt-like plan for Greece “an abomination” in this Huff Post piece. Varoufakis, who resigned on principle from the Tsipras administration, goes on to frame the Greek debt debauchery, describing the real IMF scheme:
“The plan is politically toxic, because the fund, though domiciled in Greece, will effectively be managed by the troika. It is also financially noxious, because the proceeds will go toward servicing what even the IMF now admits is an unpayable debt. And it fails economically, because it wastes a wonderful opportunity to create homegrown investments to help counter the recessionary impact…”
Yanis Varoufakis proposed to the Germans and the Rothschild bankers of Luxembourg and Frankfurt a Greek plan for repayment of the staggering debt the Goldman Sachs bankers helped usher into Greece. But the IMF and the new Reich refused, of course. His plan was for Greece to cooperate via its own newly formed central holding company for some Greek assets. The IMF and the banksters would have nothing of it, they needed complete control of what, and for how much Greece was to be auctioned off. Tsipras betrayed his country, and the only decent politician the Greeks have had in decades stepped down.