“In our current money system, it is mathematically impossible for more than a minority of people to live in abundance, because the money creation process maintains an absolute rent extraction-based systemic scarcity. One man’s prosperity is another man’s poverty.” Charles Moore
“ … the way in which the economy was getting rich was actually impoverishing it, and what seems to be getting better and better was really masked by the words that were used by the media, by television, by The New York Times. They were euphemizing all of what was happening. In other words, a euphemism is something to make a bad trend look good. So if a landlord gets rich by exploiting the tenants and forcing them all out, that’s called wealth creation. Or if you can distract people to celebrate wealth and splendor at the top of the economic pyramid then they’re going to not be so aware of the bottom 99% and how things are doing below the top 1%.” Michael Hudson
“GDP is a metric of economic exchange required for survival in society as it exists. You can say that some area “produced” $1 billion of output (sounds good), but you can just as easily say that $1 billion was required for that area to sustain itself (sounds bad). These two are simply logically equivalent … GDP is only a measurement of how reliant a place or country is on the global economy. Self-sufficiency has a GDP of 0. Wasteful consooomerism has an extremely large GDP.” Luke Smith
“Governance is not government — it is the framework of rules, institutions, and practices that set limits on the behavior of individuals, organizations and companies.” U.N. Human Development Report, 1999
“Governance is the art of governing without government.” Susan George
In the Business-as-usual (BAU) paradigm of control we’re in, isn’t gross domestic product (GDP) akin to a report card that aggregates how participating governments measure their nation’s wealth, i.e., show how well their rich people are doing?
However:
“Corporations now govern society, perhaps more than governments themselves do; yet ironically, it is their very power, much of which they have gained through economic globalization, that makes them vulnerable.” Joel Bakan
“A virtually unregulated investment firm today exercises more political and financial influence than the Federal Reserve and most governments on this planet. The firm, BlackRock Inc., the world’s largest asset manager, invests a staggering $9 trillion in client funds worldwide, a sum more than double the annual GDP of the Federal Republic of Germany. This colossus sits atop the pyramid of world corporate ownership, including in China most recently.” F William Engdahl
Are our biggest problems because the modern business corporation, an artificial person made in the image of a human psychopath, has remade real people in its image to wield total control?
Built by competing self-interests, people come and people go.
Names/labels/countries/technologies/forms/etc. also change. But what remains intact is this BAU system of extraction we depend on. The umbrella platform that’s legally more pro-business than real people. With rent-seeking institutionalized and our individual survival systemically embedded, doesn’t this insatiable BAU beast keep thriving on debt and quick profits?
Let’s continue exploring how we have gradually been turned into cogs to accumulate (national) debts in a massive rent-seeking war machine made up of legal entities modeled on the original corporate raider …
“All problems are either clocks or clouds.” Karl Popper
Excerpt from Social Movements Powering the Future of Money:
“To explain cloud observations, I use company bucks to very loosely denote money and company stores, Business-as-usual entities to share how Frederick Winslow Taylor’s ‘scientific management theory’ has seamlessly co-opted us into creating the ‘I win, you lose’ ‘technostructure’ of artificial Scarcity. (Remember, I’m no economist).
Ingrained into our psyche, this way of thinking and doing has since systemically evolved a way of life — by becoming the water we swim in.
One umbrella company store to rule us all
“We live in a completely corrupted world where every government is just a bunch of businessmen working for a bunch of bigger businessmen and none of them gives a shit about the people.” Woody Harrelson
Once upon a time, a few people desiring super god-like powers decided the best way to control the world was to create company bucks to reel the masses into powering a simple rent-seeking system. To have you create and then buy the goods and services you create, they spin the idea that company stores will provide you with jobs, opportunities and company bucks to survive. As these become increasingly scarce, you must also want to win at all costs and to compete really hard. This lets them hide in plain sight how your use of the company bucks systemically turns you into a human resource.
To explain rent-seeking, imagine a thriving sea trade where ships carrying cargo receive a percentage of profit on the value of the goods. If the first pirate arms his ship with cannons, other raiders must spend their own resources to fight to get past him first.
“First came privateers and pirates, then commercial corporations. That the first were freebooters outside the law and the second were legalized by nation-states, materially changed the form but did little to change the function.” Dee Hock
Competition is also a hidden form of rent-seeking.
So, from their vantage (invisible) umbrella store, these pseudo-controllers decree only company bucks are legal tender and merrily dictate all the policies for their production and distribution based on scarcity. For them, the more the participants, the more the rent to collect which they also use to buy up resources. But for us surviving for ourselves, more people mean more competitors and more widespread distrust.
Two classes of people, two very different outcomes.
To ensure they get a cut from all the transactions in the loop, these global rent-seekers identify and groom like-minded allies (some from very young) to create and manage key company stores. Their main responsibilities? To generate mega company bucks, mostly for the pseudo-controllers and themselves, and to maintain the illusion.
And the initial funding for the key company stores? From the stash of hard-earned company bucks you put away for your shelter, retirement, future, etc.
To survive, you must pay for their services with your company bucks, time, attention, passion, ideas, etc. and adhere by their profit-extracting rules. Once they succeed, these modern-day raiders then aggressively lobby to become landlords of the status quo to keep out competition.”
The Big Picture?
“All empires since the Renaissance have been driven by the search for foreign resources, and nearly all — including the British, the French, and the Dutch — used drugs as a cheap way to pay for the overseas expansion. When the United States decided to preserve Western influence in Southeast Asia, it inherited a social structure of former colonial regimes that had coexisted in one way or other with powerful Chinese Triads engaged in the drug traffic.” Peter Dale Scott
“The British Empire was built by colonizing other countries, seizing their natural resources, and shipping them to England to feed the British industrialists’ factories. In the wake of the ‘red coats’ invasions, local cultures were often trampled and replaced by a ‘more progressive’ British way of life. The Wall Street-dominated NWO Empire is being built by colonizing other countries with foreign loans or investments. When the fish is firmly on the hook, the NWO financial terrorists pull the plug, leaving the unsuspecting victim high and dry. And begging to be rescued. In comes the International Monetary Fund (IMF). Its bailout recipes — privatization, trade liberalization and other austerity reforms — amount to seizing the target countries’ natural and other resources, and turning them over to the NWO elites just as surely as the British Empire did by using cruder methods.” Bob Djurdjevic in 1998
“The next step is the Great Merger of all nations of the world into a dictatorial world government. This was the main reason behind the push to bring Red China into the United Nations. If you want to control the natural resources, transportation, commerce and banking for the whole world, you must put everybody under the same roof.” Gary Allen
“The World Order program for the future, as drawn up by the foundations, is as follows: Small wars from 1985 to 1990. Global war from 1990–2000. The gradual annihilation of the populations of the United States, Canada and Western Europe. The reduction of world population from the present 4.85 billion to 1 billion, the number it had attained in 1800, solving the disastrous pollution of air and water and the exhaustion of natural resources.” Eustace Clarence Mullins
Research by Ellen Brown from 2009:
“In a 1983 article in Harper’s Magazine called ‘Ruling the World of Money,’ Edward Jay Epstein wrote that where the real business gets done is in ‘a sort of inner club made up of the half dozen or so powerful central bankers who find themselves more or less in the same monetary boat’ — those from Germany, the United States, Switzerland, Italy, Japan and England. Epstein said:
‘The prime value, which also seems to demarcate the inner club from the rest of the BIS members, is the firm belief that central banks should act independently of their home governments … A second and closely related belief of the inner club is that politicians should not be trusted to decide the fate of the international monetary system.’”
“When you understand that the BIS pulls the strings of the world’s monetary system, you then understand that they have the ability to create a financial boom or bust in a country. If that country is not doing what the money lenders want, then all they have to do is sell its currency.” Joan Veon
“What banks do for their own interests, or to improve the BIS ratio, is against the interests of the whole society. This is a bad idea.” Chang Ha-Joon
In a May 2002 article in the Asia Times titled Global Economy: The BIS vs. National Banks, economist Henry C. K. Liu observed that the Basel Accords have forced national banking systems “to march to the same tune, designed to serve the needs of highly sophisticated global financial markets, regardless of the developmental needs of their national economies.”
He wrote: “[N]ational banking systems are suddenly thrown into the rigid arms of the Basel Capital Accord sponsored by the Bank of International Settlement (BIS), or to face the penalty of usurious risk premium in securing international interbank loans …
National policies suddenly are subjected to profit incentives of private financial institutions, all members of a hierarchical system controlled and directed from the money center banks in New York. The result is to force national banking systems to privatize …
“Applying the State Theory of Money [which assumes that a sovereign nation has the power to issue its own money], any government can fund with its own currency all its domestic developmental needs to maintain full employment without inflation.”
When governments fall into the trap of accepting loans in foreign currencies, however, they become “debtor nations” subject to IMF and BIS regulation. They are forced to divert their production to exports, just to earn the foreign currency necessary to pay the interest on their loans. National banks deemed “capital inadequate” have to deal with strictures comparable to the “conditionalities” imposed by the IMF on debtor nations: “escalating capital requirement, loan writeoffs and liquidation, and restructuring through selloffs, layoffs, downsizing, cost-cutting and freeze on capital spending.”
Perpetual BAU Boom and Bust Cycles
“The greater fool is actually an economic term. It’s a patsy. For the rest of us to profit, we need a greater fool — someone who will buy long and sell short. Most people spend their life trying not to be the greater fool; we toss him the hot potato, we dive for his seat when the music stops. The greater fool is someone with the perfect blend of self-delusion and ego to think that he can succeed where others have failed. This whole country was made by greater fools.” Aaron Sorkin
By willingly surrendering our energy/true value to fiat currencies to survive, don’t we then self-organize circular ownership where Company A owns part of company B who in turn owns part of A? Aka how corporations own corporations that own corporations ad infinitum to concentrate wealth, income and power into fewer and fewer hands:
“These are the elements of an emerging order that may prove to be as dangerous as any fundamentalism that history has produced. For in a world where anything or anyone can be owned, manipulated, and exploited for profit, everything and everyone will be.” Joel Bakan
In Bank Crimes Pay, Andrew Gavin Marshall called banks like HSBC, JPMorgan Chase, Barclays, Bank of America, Citigroup, Deutsche Bank, Royal Bank of Scotland and UBS “the global Mafiocracy”:
“These financial institutions are major owners of government debt, which gives them even greater leverage over the policies and priorities of governments. Exercising this power, they typically demand the same thing: austerity measures and “structural reforms” designed to advance a neoliberal market economy that ultimately benefits those same banks and corporations. The banks in turn create the very crises that require governments to bail them out, racking up large debts that banks turn into further crises, pressuring economic reforms in return for further loans. The cycle of crisis and control continues, and all the while, the big banks and financial institutions engage in criminal conspiracies, fraud, manipulation and money-laundering on a massive scale, including acting as the financial services arm of the world’s largest drug cartels and terrorists organizations.”
Extracts from what Richard Werner shared in Why Central Banks AIM For BOOM BUST Cycles:
“The main dominant problem of the 20th century has been concentration of power in the hands of the few and the more you do that, the more you’ll get …
I warned in my 2005 book, New paradigm in macroeconomics that once we get the next banking crisis, they will do all the wrong things because after each crisis, the regulators get more powers. That’s the wrong way. Then we get more crises. We have regulatory moral hazard and each crisis makes them more powerful. They have an incentive to have another crisis. they get even more powerful.
The measure of success of the central bank is whether we have boom bust cycles and ultimately, that can be much more painful and costly if you have big boom bust cycles. Big unemployment. Big dislocation. Great depression.
How can you get a structural transformation of the economy?
Smash the old successful system and put in a system that’s a shadow of its former self … you blow up the system and you do this by creating a bubble and that works because nobody’s going to stop you because everyone is going to make money. All the property developers, the banks, they’re all making money and then the fringes people involved with that and then other speculators chip in. The tax man, tax office, the finance ministry is happy because tax revenues go up. Everyone seems to be doing well.
Japan seems to be booming and they don’t realize that is an illusion.
I predicted that the ECB was going to do these things. Create what happened in Ireland, Portugal, Spain and Greece — these banking crises and busts and large-scale dislocation … essentially, they’re following the Bank of Japan script where a central bank blows up the system.
After I published this, I have also been talking to various senior people and including senior ECB people and they privately told me they were very concerned about the excessive powers of the ECB and this was already after 2009. I think around 2011 or 12, how the ECB was abusing this power to extort political changes from member countries.
We’ve seen what happened in Cyprus, we saw what happened in Greece. There they shut down the banking system. That was an ECB decision but that was the threat they had also made in Spain and that’s why Spain caved in and signed okay, we will give away sovereignty. Yes, we will give away fiscal powers to Brussels.
This is how the big political changes happened because already European countries in the eurozone have given away monetary policy to the ECB and have given away their own currencies in order to adopt a foreign currency.
… the ECB was designed to be like the Reichsbank which was one of the worst if not the worst central bank in history …”
In Princes of the Yen, Werner further opined:
“The examples of the Japanese and Asian crises illustrate how crises can be engineered to facilitate the redistribution of economic ownership, and to implement legal, structural and political change.”
How that works at the country level
“The central banks knew that if the countries ran out of foreign exchange reserves, they would have to call in the IMF to avoid default. And once the IMF came in, the central banks knew what this Washington-based institution would demand for its demands in such cases have been the same for the previous three decades:
The central banks would be made independent.
On the 16th of July, the Thai Finance Minister took a plane to Tokyo to ask Japan for a bailout. At the time, Japan had US$213 billion in foreign exchange reserves, more than the total resources of the IMF. They were willing to help but Washington stopped Japan’s initiative.
Any solution to the emerging Asian crisis had to come from Washington via the IMF.
Immediately after arrival in the crisis-stricken countries, the IMF teams set up offices inside the central banks from where they dictated what amounted to terms of surrender. The IMF demanded a string of policies, including curbs on central bank and bank credit creation, major legal changes and sharp rises in interest rates. As interest rates rose, high-risk borrowers began to default on their loans. Burdened with large amounts of bad debts, the banking systems of Thailand, Korea, and Indonesia were virtually bankrupt. Even otherwise healthy firms started to suffer from the widening credit crunch. Corporate bankruptcies soared. Unemployment rose to the highest levels since the 1930s.”
Richard Werner explains how as creators of the money supply, banks orchestrate booms and busts.
Foxes Guarding the Henhouse?
“IMF and World Bank are weapons of war.” John Pilger
“Since the 1980s, it is mainly the Structural Adjustment Programs (SAPs) of the World Bank and the IMF that act as the enforcers of neoliberalism. These programs are levied against the countries of the South which can be extorted due to their debts. Meanwhile, numerous military interventions and wars help to take possession of the assets that still remain, secure resources, install neoliberalism as the global economic politics, crush resistance movements (which are cynically labeled as ‘IMF uprisings’), and facilitate the lucrative business of reconstruction.” Claudia von Werlhof
“The World Bank and the International Monetary Fund began to tie loans to ‘structural adjustment’ programs, which channeled more of the debtor country’s financial and productive resources toward debt repayment … Structural adjustments were originally imposed on an ad hoc basis upon individual nations when it appeared that they could not keep up with existing debt payments.
By 1985, fifteen debtor nations had been subjected to SAPs, and by 1991, a quarter of the World Bank’s total lending was tied to structural adjustment in 54 nations. As more of the “debtor” nations’ dwindling resources went to debt service, new loans were simply used to repay previous loans, and the total debt of the low income nations more than quadrupled from $100 to $473 billion between 1980 and 1992.
World Bank and IMF ‘reforms’ continued, and by the mid-1990s, more than a hundred countries and 80 percent of the world’s population had been ‘structurally adjusted.’ The average developing nation’s debt payments were a third of its gross national product. … When no more money or exports can be squeezed from the poor, selling state-owned companies to Northern corporations becomes an option …
Once again, a handful of multinational corporations are the beneficiaries. Structural adjustment proved to be such a useful tool for leveraging corporate power that it was time to make it a permanent part of the global economy, and that is just what the international trade treaties of the 1990s have done — codified the elements of structural adjustment into international law.” George Draffan
In his former (formal) job as chief economist at Chas T. Main, economic hitman John Perkins used to travel to developing countries to get them to accept insanely huge loans. This is to deliberately bankrupt the country by shackling it to the debtor organization(s). He’s shared that today:
“every corporation has its version of an economic hitman.”
Extracts from How Your Tax Dollars Fuel War video:
“I went out as a representative of the World Bank or the Asian Development Bank or the US Agency for International Development or the State Department. But my job and that of my staff was to identify countries that had resources our corporations want like oil. And then we’d go into that country and arrange for a huge loan to that country from the World Bank or one of its sister organizations.
But the money never actually went to the country. Instead, it went to our own corporations, the big engineering companies … that made the equipment to build huge infrastructure projects in those countries.
Electric power systems, industrial parks, highways, ports, things that made huge profits for the companies that built them, obviously our companies, but also made money for the future to wealthy families in those countries. The people who own the industries who owned the banks, the shopping malls, but it left the rest of the country in dire debt.
And so the majority of the people suffered because money was diverted from health, education, and other social services to pay the interest on the loans. And in the end, the country couldn’t pay back the principal on the loan.
The country would then be forced to export natural resources to serve as the debt, or even give up territory for military bases and ports and things like that as corporations convince countries to operate off rainforest and oil and mines and national resources.
So we economic hitman will go back in under the guise of the IMF. And we’d say:
“Hey, we’ll restructure that loan for you. But there’s conditions that you’ve got to meet. Things like prioritizing your public sector, businesses, your utility companies, your schools, your prisons, and selling them to our investors at cut-rate prices. Or first of all, allow our companies to take your resource oil or whatever is real cheap without any environmental or social regulations. And privatize and vote with us on the next United Nations vote. And let us build a military base on your soil.”
And so this was the game that we were playing and it was a game that at the beginning, I thought was doing a big service to these countries. Because in business school, I learned and the statistics show that when you invest in these kinds of projects, billions of dollars, the economy grows. It does. But what I didn’t really know, until I’d been in this business for a long time, was that those statistics, GDP really are a reflection of how well the rich are doing. They don’t reflect the general prosperity of the country.
So if you take a country, like today, the United States where we have three individuals who have as much wealth as half the country. If those three individuals are doing well, they’re making 10 percent a year on their investments, and half the country’s doing poorly losing three percent a year. The overall growth and the economy will look very good and look like something like around five percent. These statistics are our lies, really. They’re manipulated to benefit big corporations and the few rich people who basically own the big businesses.
… these loans that we give to countries or that companies give to countries, or like the United States gives the countries, World Bank, et cetera, is to increase GNP.
The real aim is to bankrupt the nation. Later on, we get military favors or other favors like preferable trade … It’s almost like modern slave trading.
We find a local who might own a factory in let’s say Vietnam. We pay them a pittance. We pay the workers even less. And we just hide behind the fact that they’re a contractor. And we say we have limited visibility into our current tractors, but we’re working hard to do more. Thanks for buying them our crap.
What we don’t see … is countries have to compete with one another to get corporations, to build and do business there. It’s a race to the bottom with these labor laws. They lower their environmental regulations. They lower the taxes that these companies have to pay … they then rack up debt, offering perks to some of the upper-class folks or even the middle class so they don’t complain too much that they’re giving away their coastline and things like that.
They buy a very, very cheap debt on these countries. And then they go back to the countries and say:
“Hey, you’ve got to pay us a lot of money and we’ll litigate against it because we’re holding this paper and we’re going to go after you. And if you can’t pay in cash, then pay in resources or pay in cheap labor markets or whatever.”
We weren’t helping the poor get better lives. We’re helping the rich get richer. We’re helping the United States colonize a great deal of the world with US corporations primarily. And they don’t care. They just want to make money. They want to buy the state for $500 million and get back $5 billion. That’s what they’re looking to do. Or probably buy it for a million and want to get back 500 million but whatever it is … It’s total absolute greed.”
In Why Nations Fail: The Origins of Power, Prosperity, and Poverty, Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it):
“Countries become failed states not because of their geography or their culture, but because of the legacy of extractive institutions, which concentrate power and wealth in the hands of those controlling the state, opening the way for unrest, strife, and civil war. Extractive institutions also directly contribute to the gradual failing of the state by neglecting investment in the most basic public services …
What they all share is extractive institutions. In all these cases the basis of these institutions is an elite who design economic institutions in order to enrich themselves and perpetuate their power at the expense of the vast majority of people in society.”
The BAU Predator System?
“Globalism is just like the mafia, but with lot more complexity and respectability. If you have watched mob films such as The Godfather, you can understand how the world works.
For example, in Godfather II, a bunch of mobsters get together in Havana, Cuba, to celebrate Hyman Roth’s birthday. As the birthday cake is symbolically cut into pieces and distributed, Roth tells the group how Cuba will be split up amongst the guests. Extrapolate this scene to the world, you can visualize how the world works.
On the top of the food chain are the central banks who have the amazing ability to create money out of thin air. As Rothschild once said, ‘Give me control of a nation’s money supply, and I don’t care who makes the laws.’ These people are the ultimate Godfathers of globalism. They determine the winners and the losers in capitalism, and thus control all the corporations (including the media), politicians, militaries, and the Deep States around the world.” Chris Kanthan
“It was this ex-central bank team at BlackRock that developed an ‘emergency’ bailout plan for Fed chairman Powell in March 2019 as financial markets appeared on the brink of another 2008 ‘Lehman crisis’ meltdown. As ‘thank you,’ the Fed chairman Jerome Powell named BlackRock in a no-bid role to manage all of the Fed’s corporate bond purchase programs, including bonds where BlackRock itself invests. Conflict of interest? A group of some 30 NGOs wrote to Fed Chairman Powell, ‘By giving BlackRock full control of this debt buyout program, the Fed… makes BlackRock even more systemically important to the financial system. Yet BlackRock is not subject to the regulatory scrutiny of even smaller systemically important financial institutions.’” F William Engdahl
“Banks are thought of as deposit-taking institutions that lend money. The legal reality is banks don’t take deposits and banks don’t lend money … At law, the word ‘deposit’ is meaningless. The law courts and various judgements have made it very clear if you give your money to a bank, even though it’s called a deposit, this money is simply a loan to the bank. The money that you lend to the bank, which they call erroneously deposits, is actually their money. They own it. It’s just a loan … They’re in the business of purchasing securities …” Richard Werner
“The financial system does not, in fact, consist of ‘national monetary flows.’ Nor is it made up of a mass of tiny, anonymous, microscopic firms — the ideal of ‘perfect competition’ and the economic analogue to the individual citizen. The overwhelming majority of private credit creation is done by a tightly-knit corporate oligarchy. … At a global level twenty to thirty banks matter.” Adam Tooze
In August 2019, the Business Roundtable then headed by Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., trumpeted how the purpose of a corporation is for their CEOs to lead their companies for the benefit of all stakeholders — customers, employees, suppliers, communities and shareholders.
From growth to impact maximization?
According to Catherine Austin Fitts, the Going Direct Reset was initiated in August 2019 by a group of retired central bankers working through the Blackrock Investment Institute to radically reengineer the global financial system: “put together a plan … whereby the central banks take control of the Treasury functions.”
Including to explain why spaceships and a space program take precedent over building nursing homes:
“We’re not going to pay for all that stuff so now you need a story to explain why all the promises you’ve made can’t be kept.”
“BlackRock is an asset manager that helps pension funds and retirees manage their savings through ‘passive’ investments that track the stock market … It is the world’s largest asset manager and ‘shadow bank,’ larger than the world’s largest bank (which is in China), with over $7 trillion in assets under direct management and another $20 trillion managed through its Aladdin risk-monitoring software. Despite its size and global power, BlackRock is not even regulated as a ‘Systemically Important Financial Institution’ under the Dodd-Frank Act, thanks to pressure from its CEO Larry Fink, who has long had “cozy” relationships with government officials.” Ellen Brown
At a series of meetings of the G7 related to financial policy, discussions for the new story included how they were going to do crypto and digital currencies:
“The dollar right now is primarily a digital currency but … there’s no doubt that the digital system is far from 100 digital so then the G7 central bankers met for the big meeting. The big meeting was in Jackson Hole. Every year, the Federal Reserve has a meeting in Jackson Hole and the G7 central bankers come and meet. They also meet very often at the BIS in Basel Switzerland but they do this one in the summer and they voted on a plan called the Going Direct Reset.
September 2019, the Fed moves into the repo market and one thing leads to another and they literally do a takedown of the economy. Here’s how it works:
You shut down all the small businesses. You shut down families and family wealth. Everybody has to shop at your big publicly traded company and you consolidate massive amounts of the economy out of small business and out of communities into your large publicly traded corporations particularly online because you’re trying to get everybody into a digitized system and a system that can be under surveillance.
So, I can’t meet with you. I have to get on Zoom to meet with you and now it can all be recorded and go into my AI software. One of the little secrets on the technology … the guy who has the best AI system is not the guy with the smartest developers. It’s the guy with the most data because you’re in something where the knowledge and the intelligence emerge from the data. So, the more data you have, the more successful you are.
Right now, we’re watching a process around the world.
Data is the new oil. Everybody’s trying to get as much data. There’s a data vampire running around so you want to get everybody into the digital systems. You’ve got the data that will not only give you the most intelligence but help you create the most wealth in your company.
So all of the main street economy is being shut down and you hear a giant sucking sound of all the data and all the money and all the trade into the publicly traded companies and this is a centralization of wealth and the process is called disaster capitalism. It’s war.
Rather than kill all the small business people, you just bankrupt them. You put them in a debt trap. You get them deeply dependent on government money and you suck up all their business and all their clients and all their trade and now you’ve got it in your databases and you’ve got the money in your bank account and that’s why the stock market’s flying up because you’ve got huge amounts of money … these businesses are now completely indebted to government. They’re controlled … if you just shut down their business and you didn’t give them money, they might riot. They might stop you. They might vote you out. This way you keep them quiet. It’s a slow kill.
They chose to have a reset that dramatically centralizes power in a way that is unbelievably painful to the general population.
If you look at where they want to go, they want to implement a financial transaction system that will give them control at the individual level globally so digital technology gives you the ability, especially if you move the whole planet to an electrical system.
It gives you the ability to implement a control system so that you can wipe out not just national sovereignty but individual sovereignty and you can control it at a central level and … technology is permitting this system to happen.
One of the reasons it’s so hard I think for most people to fathom where they’re going is we haven’t really thought about what is possible now. How one person can be controlled because the vision is one that lacks empathy. Most human beings have empathy so they can’t fathom why Mr. Global would want that kind of invasive control at an individual level.
A reset is going to change control and it’s going to make risk management more difficult and it appears to me that for whatever reason they don’t want to take that risk. They want tight central control and they don’t want a change in leadership.
If I was the central banks and I announced, we’re doing Going Direct — I want complete control of all your financial transactions. No privacy. I have complete access to data and I control your money and I control your wallet. I control your bank account. If I want to raise taxes, I just take it out of your bank account and you have to do what I say, everybody would say, “No, I don’t want to do that” but you say, “Oh we’re worried about your health and safety so we want to have these healthcare passports. They’re green and it’s for your safety and it’s because we want to make sure you’re safe.”
It’s the Judas goat — you can get everybody in the trap because you don’t want them to see the trap until you throw it and it’s too late and … I assure you their goals in this have nothing to do with health. Nothing.
This is a financial control system.
Cryptocurrencies were prototypes to help them figure out how to use blockchain technology and how to use digital currencies to do the central bank CBDC and so one of two things will happen. Remember –they’re trying to get everything digital and … They don’t care if you call a dollar or wampum beads or crypto as long as it’s digital and it runs on their hardware. They’re happy because that’s the control.
Our wealth could be hundreds of times greater than it is but the central control is so destructive of productivity. It’s so destructive of creativity. It’s so destructive. There’s so much waste in the system when money is allocated by politics and the desire for central control.
There is no government. That’s what you have to understand. There’s a group of banks and contractors who run this infrastructure and if you look at the civil service and the president, they don’t control.
A perfect example is the Exchange Stabilization Fund managed by the New York Fed reporting directly to the secretary of Treasury, not through the bureaucracy, and they control the mother of all slush funds using governmental authority to trade and government credit to trade. All the liabilities are on the taxpayer but the information is secret and it’s really as a day-to-day matter. It’s being run by a private bank and this is one of the major tools of financial warfare which is part of running the reserve currency.
Here’s the important thing to understand about the system — the problem with the national security state being globalized into a global empire is that it is so big and so complicated. In one sense, no one is in control. Guess who’s building the prison?”
On October 18, 2019, the Johns Hopkins Center for Health Security in partnership with the World Economic Forum (WEF) and the Bill and Melinda Gates Foundation hosted Event 201, a high-level pandemic exercise in New York, NY. The exercise illustrated areas where public/private partnerships will be necessary during the response to a severe pandemic to diminish large-scale economic and societal consequences.
“The problem that we have is not globalization. The problem is a lack of global governance, a lack of means to address global issues.” Klaus Schwab, founder of the World Economic Forum
To Schwab, that means businesses must “fully embrace stakeholder capitalism,” and the theme of the 2020 Davos conference was ‘Stakeholders for a Cohesive and Sustainable World.’
According to F. William Engdahl, US President Joe Biden
“is being micromanaged by a group of handlers to maintain a scripted ‘image’ of a President while policy is made behind the scenes by others … What is less public are the key policy persons running economic policy for Biden Inc. They are simply said, BlackRock.
Much as Goldman Sachs ran economic policy under Obama and also Trump, today BlackRock is filling that key role. The deal apparently was sealed in January, 2019 when Joe Biden, then-candidate and long-shot chance to defeat Trump, went to meet with Larry Fink in New York, who reportedly told ‘working class Joe,’ that, “I’m here to help.”
Follow the money. And we can expect that the New York Times will cheer BlackRock on as it destroys the world financial structures.”
Programmable money?
“Central banks are going to offer retail accounts to the general public and business accounts … and they have to call this something like CBDC (Central Bank Digital Currencies). We’re witnessing (how) the central banks are preparing, as bank regulators, to compete against the regulated.” Richard Werner
Download BlackRock Investment Institute: Macro and Market Perspectives August 2019 to read how Going Direct Reset means the central bank finds ways to get central bank money directly in the hands of public and private sector spenders:
In Summary — Going Direct Reset, John Titus shared:
“all electronic money is created as debt” and how in 2020:
“For the first time ever, the Fed used its power to create new reserves in the wholesale monetary circuit to effect the parallel creation of new bank money in the retail circuit, and it did so to the tune of about $3.5 trillion …
What’s more, this plan was presented to the Fed by BlackRock, which the Fed later appointed to assist the Fed in executing the $3.5 trillion plan. To put it bluntly, the actions taken by the Federal Reserve starting in March of 2020 — actions that represented a massive departure from the Fed’s responses to crises before that time, as we have just seen — are exactly what BlackRock told the Fed to do in Jackson Hole, Wyoming … in August 2019, months before the first coronavirus story broke, that BlackRock instructed the Fed to get money into wholesale and retail hands when “the next downturn” arrived — which, as luck would have it, occurred less than a month later.”
In December 2020, articles on The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. surfaced.
Are they signaling cogs to self-organize so that with their ideas and energy, they shove us from the world’s dumbest idea (with fiat currencies) into the world’s most dangerous (with our data) and unwittingly have us co-create and live in our centralized BAU prison?
“The US has now become the global center for money hiding and illicit wealth storage … An estimated $24 trillion to $36 trillion in wealth, controlled by the planet’s wealthiest 0.1 percent, is now hidden in various mechanisms.” Chuck Collins
Over in the EU, the Luxembourg’s 4.5 trillion Euro investment fund industry is where:
“Anonymity and the ability to rapidly move large sums across borders make shell companies one of the vehicles of choice for the corrupt and criminal. There are, however, other legal entities that offer similar “benefits” but face considerably less scrutiny from regulators. These include, first and foremost, private investment funds such as hedge, private equity, venture capital and other types of pooled funds.
A new investigation by Transparency International and the Anti-Corruption Data Collective in February 2021 has found that investment funds in Luxembourg largely operate in an opaque manner. With more than 4.5 trillion euros in assets under management, Luxembourg is home to the largest number of investment funds in Europe and the second largest in the world after the United States. Yet, despite recent anti-money laundering reforms, we know very little about who the real end-investors are and whether the funds they invest are of legitimate sources.”
Does this remind you of Henry Ford’s operandi modus — pay people to build his empire for him aka how rent-seeking has systemically turned us into cogs living Frederick Winslow Taylor’s vision of:
”In the past the man has been first; in the future the system must be first.”
Today, don’t we live in a world that’s legally more tailored for corporate raiders than real people — where so few people already own as much as half or more than the world’s population combined?
“The corporation has become a vehicle by which good men and women cause harm to society because of the way the corporation is created and protected by the law.” Joel Bakan
Look out for the concluding article in this three-part mini-series (part of the Hacking Mindsets series). Click to read Part I.
References
BlackRock Investment Institute: Macro and Market Perspectives August 2019
Structural Adjustment — a Major Cause of Poverty
Shadow Sovereigns: How Global Corporations are Seizing Power
The Debt System, A History of Sovereign Debts and their Repudiation
A Fate Worse Than Debt: A Radical Analysis of the Third World Debt Crisis
Investment Treaties are the New Face of Colonialism
A Brief History of the Corporation: 1600 to 2100
The Origins of the Modern Corporation
A Short History of Corporations
The Corporation: The Pathological Pursuit of Profit and Power
The New Corporation: How “Good” Corporations Are Bad for Democracy
