Source – zerohedge.com
- “…Recessions, debt, energy crisis, inflation and wars… it’s all somehow related at a global level, impacting nearly all economies and markets. It also all seems to be going badly for the “rules based global order,” or as some prefer to call it, “the empire of lies.”
The real war: it’s people vs. the banks
By Alex Krainer
Recessions, debt, energy crisis, inflation and wars… it’s all somehow related at a global level, impacting nearly all economies and markets. It also all seems to be going badly for the “rules based global order,” or as some prefer to call it, “the empire of lies.”
Shock, after shock, after shock…
Last week, on Oct. 6, Kristalina Georgieva, IMF’s Managing Director gave a speech at the Georgetown University in Washington where she explained that the global economy, which was expected to recover strongly after the Covid 19 pandemic, experienced a “shock, after shock, after shock” instead, that it is now experiencing a “fundamental shift,” and that this shift could create a “dangerous new normal.” Georgieva thinks this can only be mitigated by “countries working together.”
We’re winning in Ukraine! Or maybe we’re not.
Part of the problem, according to Georgivea, is the “senseless war” in Ukraine. Western groupthink has ben crowing for weeks now that the war has turned in our favor and Ukraine has been winning. Interestingly, nobody even bothers pretending any more that this war is between Russia and Ukraine. It is now overtly discussed as the war between Russia and the collective west. NATO’s Secretary General Jens Stoltenberg made this plain in Tuesday’s press conference: “If Putin wins, that is not only a big defeat for the Ukrainians, but it will be the defeat, and dangerous, for all of us.” But not to worry, “Ukraine has the momentum,” and “President Putin is failing in Ukraine,” or so says Stoltenberg.
Last week, US 4-star General Jack Keane went on Fox Business to boast about Bidden administration’s awesome “investment” in Ukraine: “We have a $6 trillion budget… we’ve invested, and I mean, invested, $66 billion in Ukraine this year and that is like, 1.1% [of the budget] … So for $66 billion what we’re getting is Ukraine doing the fighting, they are literally destroying the Russian Army on the battlefield.”
So apparently we’re winning and we can all relax – everything is awesome. Or maybe it isn’t. Last week, former US National Security Advisor, John Bolton published a revealing article that gives away a different mindset near the top of western command-and-control hierarchy. Bolton says that “the West still lacks a shared definition of ‘victory’ in Ukraine,” and that “everyone worries about the durability of Europe’s resolve…” But it was John Bolton’s Tweet promoting the article that was the most revealing:
There it is: “There is no long-term prospect for achieving America’s critical, long-standing goal of peace and security in Europe without regime change in Russia.” What Bolton seems to be saying is that Putin has defeated the rules-based global order and that they can only reverse this defeat if they could remove Putin from power and replace him with some Juan Guaido who could hand them back their toys and their victory. Bolton then went on CBS to advocate for the assassination of Vladimir Putin.
<blockquote class=”twitter-tweet”><p lang=”en” dir=”ltr”>“Putin has left us no real alternative,” says former national security advisor <a href=”https://twitter.com/AmbJohnBolton?ref_src=twsrc%5Etfw“>@AmbJohnBolton</a> on why now is the time for regime change in Russia and that Putin must go. “This has been the 800 pound Gorilla in the room ever since Russia invaded Ukraine.” <a href=”https://t.co/pLK4cHiKJS“>pic.twitter.com/pLK4cHiKJS</a></p>— Catherine Herridge (@CBS_Herridge) <a href=”https://twitter.com/CBS_Herridge/status/1578549246243966978?ref_src=tws…“>October 8, 2022</a></blockquote> http://a%20href=
I could be wrong but, the empire’s leading minds like Ambassador Bolton, General Keane, Jens Stoltenberg and Kristalina Georgieva don’t seem very confident about the way things are going. If anything, they all seem a bit incoherent
All’s inside out and backwards in the empire of lies.
It’s the banks, not Vladimir Putin
So, if defeat is in the offing, what would constitute the “fundamental shift,” and the “dangerous new normal” that IMF’s Georgieva is worried about? The worry is that the rules-based global order is falling into a profound economic, social and political crisis, which could be long and very severe. But even as we are all encouraged to come together and hate on Vladimir Putin and the Russians, that’s not where this crisis originated. Rather, it originated, as it always does, from the fraudulent monetary system which has largely shaped our rules-based global order. It is that system which has a proven and impressive track record of incentivizing forever wars and generating chronic crises.
Chronic crises, forever wars
We can trace the evolution of the modern monetary system back to the Bank of England. The bank was established in 1694 and over the following century (from 1701 to 1815), England waged fully 18 officially declared wars against her then rival power, France. Back then, the French were hated almost as much as the Russians are today. When the Parliament passed the Bank of England Act in 1833, it granted the BOE monopoly on issuing the empire’s “legal tender” currency. Out of the 19th century’s remaining 67 years, Britain spent 32 years in recessions, depressions, bankruptcy or financial collapse including the 22-year long depression lasting from 1873 to 1896. Note, all that happened while the British Empire was at the zenith of its power.
Rather than waging never-ending wars, blowing up bridges and pipelines or assassinating Vladimir Putin, Bolton, Georgieva and others would do well to turn their attention to reforming our monetary systems and embracing honest money. Even the empire of lies miraculously scored a military victory over Russia, this could only delay the day of reckoning, and the empire would need to find a new evil enemy so it could fight more wars. That is a certainty.
More than a century ago, Lord Acton had already warned us, “The issue that has swept down the centuries and which will have to be fought sooner or later is the people versus the Banks.” The time has come. It’s the banks, not Putin.
P.S. By banks, I do not mean local banks or savings and loans institutions, but the international banking cartel and their Global Systemically Important Banks.
Alex Krainer – @NakedHedgie is the creator of I-System Trend Following and publisher of daily TrendCompass reports, covering over 200 key financial and commodity markets for investors and traders – probably the best CTA daily newsletter on the market today.