Category Archives: Currencies

From Dollar Hegemony to Global Warming: Globalization, Glyphosate and Doctrines of Consent, by Colin Todhunter

Get people to focus on your made-up issues and they’ll not notice that you’re robbing them blind of both their money and their freedom. From Colin Todhunter at counterpunch.org:

There has been an on-going tectonic shift in the West since the abandonment of the Bretton Woods agreement in 1971. This accelerated when the USSR ended and has resulted in the ‘neoliberal globalization’ we see today.

At the same time, there has been an unprecedented campaign to re-engineer social consensus in the West. Part of this strategy, involves getting populations in Western countries to fixate on ‘global warming’, ‘gender equity’ and ‘anti-racism’: by focusing on identity politics and climate change, the devastating effects and injustices brought about by globalized capitalism and associated militarism largely remain unchallenged by the masses and stay firmly in the background.

This is the argument presented by Denis Rancourt, researcher at Ontario Civil Liberties Association, in a new report. Rancourt is a former full professor of physics at the University of Ottawa in Canada and author of ‘Geo-economics andgeo-politics drive successive eras of predatory globalization and socialengineering: Historical emergence of climate change, gender equity, andanti-racism as state doctrines’ (April 2019).

In the report, Rancourt references Michael Hudson’s 1972 book ‘Super Imperialism: The Economic Strategy of American Empire’ to help explain the key role of maintaining dollar hegemony and the importance of the petrodollar to US global dominance. Aside from the significance of oil, Rancourt argues that the US has an existential interest to ensure that opioid drugs are traded in US dollars, another major global commodity. This explains the US occupation of Afghanistan. He also pinpoints the importance of US agribusiness and the arms industry in helping to secure US geostrategic goals.

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Italy’s Mini-BOT Trojan Horse Could Blow Up the Eurozone, by Mike “Mish” Shedlock

Italy shows no sign of folding like the Greeks did a few years back when they took on the EU. From Mike “Mish” Shedlock at money-maven.io:

Italy threatens to create a parallel currency dubbed the Mini-BOT. If launched, it could lead to a Eurozone breakup.

Italy’s is on a collision course with the EU in two different ways. The first regards Italy’s budget.

Outgoing European Commission President Jean-Claude Juncker warns Italy faces an “Excessive Deficit Procedure” and may be fined billions of euros. No country has ever been fined. This is the first time a country has faced such a ruling.

France regularly breaks the deficit rules but “France is France” as Juncker once stated.

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Much More Than A Trade War, by Daniel Lacalle

China doesn’t bring as many weapons to the trade war as many people think. From Daniel Lacalle at dlacalle.com:

In these weeks we have read a lot about the so-called trade war.  However, this is better described as a negotiation between the largest consumer and the largest supplier with important political and even moral ramifications. This is also a dispute between two economic models.

Nobody wins in a trade war, and tariffs are always a bad idea, but let’s not forget that they are just a weapon.

Why right now?

For many years China has been allowed to maintain a mercantilist dictatorship and protectionist model under the excuse that its high growth made it attractive.

Shortly before the US launched its set of tariffs, the Chinese government accelerated two dangerous policies that we cannot ignore: intensifying capital controls , limiting the outflow of dollars from the country, and increasing the list of banned companies and sites, two measures that proved that the Chinese government was unlikely to open  its economy, rather the opposite. These measures intensified in the last year and a half. Two other factors show China’s decision to halt the opening of its system. The “Made In China 2025 Plan” and the removal of the two-term limit on the presidency, effectively allowing Xi Jinping to remain in power for life.

Between 2004 and 2018, the United States filed 41 complaints against China at the World Trade Organization, focused on 27 different areas. The vast majority of these WTO resolutions are not enforced (“Paper Compliance: How China Implements WTO Decisions.” The previous strategy of looking the other way and expecting the Chinese economy to open up little by little met the reality of increased interventionism.

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The Cheap Credit Trap, by the Zman

The world and US economy are addicted to debt and low interest rates. From the Zman at theburningplatform.com:

The Federal Reserve is making noises about cutting interest rates for the first time in several years. The reason is the trade dispute with China and now Mexico is potentially having an impact on the global economy. Even though it is only a signal of an intention, markets rallied on the news. Global investors and their robot traders love cheap credit from the Federal Reserve, so anytime there is the promise of more cheap credit, there is a rush into equities. It is a reminder of what actually drives stock indices.

It used to be that recessions were seen as a correctives for the system, as they eliminated unproductive and parasitic elements from the economy. In good times, all sorts of inefficiencies are tolerated, as everyone is making money. When times get tight, everyone gets serious again. Inefficient businesses and industries fail, thus putting those resources into more productive areas. The recession was the economy’s way of policing itself, so it was considered a necessary, if unpleasant, feature.

No one thinks like that today. Any sign of a downturn produces panic, especially among office holders. Part of it is no one has any respect for office holders, so voters will look for any reason to throw the bums out. For people who live off the public, losing an election is worse than death. Another part of it seems to be the sense among the ruling classes that they have only a tenuous grip on power. This is a bread and circus world now and they better make sure both are in ample supply.

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The Next Stage Of The Engineered Global Economic Reset Has Arrived, by Brandon Smith

The globalists not only want to impose one-world government, they want us to love it, or at least say we love it. From Brandon Smith at alt-market.com:

When discussing the fact that globalists often deliberately engineer economic crisis events, certain questions inevitably arise. The primary question being “Why would the elites ruin a system that is already working in their favor…?” The answer is in some ways complicated because there are multiple factors that motivate the globalists to do the things they do. However, before we get into explanations we have to understand that this kind of question is rooted in false assumptions, not logic.

The first assumption people make is that that current system is the ideal globalist system – it’s not even close.

When studying globalist literature and white papers, from Aldous Huxley’s Brave New World, to H.G. Wells’ book The New World Order and his little known film Things To Come, to Manly P. Hall’s collection of writings titled ‘The All Seeing Eye’, to Carol Quigley’s Tragedy And Hope, to the Club Of Rome documents, to Zbigniew Brzezinski’s Between Two Ages, to former UN Director Robert Muller’s Good Morning World documents, to Henry Kissinger’s Assembly Of A New World Order, to the IMF and UN’s Agenda 2030, to nearly every document on globalization that is published by the Council on Foreign Relations, we see a rather blatant end goal described.

To summarize: For at least the past century the globalists have been pursuing a true one world system that is not covert, but overt. They want conscious public acceptance of a completely centralized global economic system, a single global currency, a one world government, and a one world religion (though that particular issue will require an entirely separate article).

To attain such a lofty and ultimately destructive goal, they would have to create continuous cycles of false prosperity followed by catastrophe. Meaning, great wars and engineered economic collapse are their primary tools to condition the masses to abandon their natural social and biological inclinations towards individualism and tribalism and embrace the collectivist philosophy. They created the current system as a means to an end. It is not their Utopian ideal; in fact, the current system was designed to fail. And, in that failure, the intended globalist “order” is meant to be introduced. The Hegelian Dialectic describes this strategy as Problem, Reaction, Solution.

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Workers of the World, Unite! by MN Gordon

The real cause of the US’s massive trade imbalance with China is the US’s depreciation of the dollar. From MN Gordon at economicprism.com:

The dawn of war is a time of simple clarity and purpose.  Good guys vs. bad guys.  Cowboys vs. Indians.  Confederates vs. Yankees.  Coppers vs. robbers.  It’s a time when lines are drawn, songs are sang, and drums are beaten with gaiety and confidence.

Indeed, calls for ‘a jolly little war’ are always greeted with merriment and optimism.  This also goes for the dawn of a trade war.  Regardless of whether you’re from Scranton or Suzhou, the escalating  Trump vs. Xi standoff all seems so virtuous.  “We’re right, they’re wrong,” and vice versa.

Here in the USA, the perspective is crystal clear.  America’s rightful bounty is within reach.  After several Presidents that were light in the loafers, there’s finally a leader of the free world with the brass fortitude to reach out and grab it for his fellow countrymen.  And why not?

Several decades of getting spanked by Chinese grunt laborers have American workers longing for reprisal.  This ain’t their granddaddy’s economy.  They’ve been repurposed from well-paying manufacturing jobs to low-level service workers.  The relentless progression has been demoralizing.  Given a fair shake, American workers just know they’ll kick tail and take names.

Yet, as far as we can tell, Trump’s fight is a day late and a dollar short.  The time to stand up for the American worker came and went while Ray Dalio was busy getting absurdly rich from the financialization of the economy.  What’s more, the means to stand up for the American worker had – and still has – little to do with slapping tariffs on Chinese made doohickeys.

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America Will Lose The Trade War Because That Is What Globalists Want To Happen, by Brandon Smith

The US losing the trade war will be an important part of the globalist plan to take down the dollar and reorder the world under global governance. From Brandon Smith at alt-market.com:

Times of great political and social crisis can almost always be linked back to a common root cause – false paradigms. There are many people out there who have no clue what this phrase means, just as they have no clue what the phrase “controlled opposition” means. Some of these people are new activists to the liberty movement who recently joined because of the fervor of the Trump presidential campaign. They think the world of sovereignty and nationalism revolves around Trump, because frankly, they have been duped by a false paradigm themselves.

False paradigms are a base tactic of what is known as “4th Generation Warfare”. The purpose of 4th Gen warfare is described in the document ‘From Psyop To Mindwar’. A document circulated within the DoD by the 7th Psychological Operations Group and written by now former General Paul Vallely (spelled “Valley” in the document) and now former Lt. Colonel Michael Aquino (a self professed satanist, believe it or not). I recommend it as a means to understand how globalists tend to think, how they use division to conquer populations, and to come to terms with the fact that these people are not held in check by empathy, morality or reason.

As far as 4th Gen warfare is concerned, Mindwar describes a method of psychological manipulation and propaganda used by governments and militaries as a means to turn a target population against itself. The goal is to win a war against a group of people by causing them to destroy each other so that the government does not have to combat them directly.

False paradigms are a premier tool for pursuing this outcome. They are achieved by dividing a population through false leadership, fake and sometimes real outside threats, as well as manufactured crisis events. Globalist institutions and the political puppets they control use false paradigms as a means to distract the public away from their criminal endeavors. While we are focused on the political Left, or the political Right, or the Russians, or the Iranians, or the Chinese, they are exploiting our fear and doubt to gain more centralization and more power.

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