When Davos and Bilderberg messenger boys look at The Grand Chessboard, they realize that their era of perpetual free lunch is over.
By Pepe Escobar posted with his permission and widely cross-posted.
Discreetly, as under the radar as a looming virus, the 68th Bilderberg meeting is currently underway in Washington, D.C. Nothing to see here. No conspiracy theories about a “secret cabal”, please. This is just a docile, “diverse group of political leaders and experts” having a chat, a laugh, and a bubbly.
Still, one cannot but notice that the choice of venue speaks more volumes than the entire – burned to the ground – Library of Alexandria. In the year heralding the explosion of a much-awaited NATO vs. Russia proxy war, discussing its myriad ramifications does suit the capital of the Empire of Lies, much more than Davos a few weeks ago, where one Henry Kissinger sent them into a frenzy by advancing the necessity of a toxic compromise named “diplomacy”.
The list of Bilderberg 2022 participants is a joy to peruse. Here are just some of the stalwarts:
James Baker, Consigliere extraordinaire, now a mere Director of the Office of Net Assessment at the Pentagon.
José Manuel Barroso, former head of the European Commission, later the recipient of a golden parachute in the form of Chairman of Goldman Sachs International.
Albert Bourla, the Pfizer Big Guy.
William Burns, CIA director.
Kurt Campbell, the guy who invented the Obama/Hillary “pivot to Asia”, now White House Coordinator for Indo-Pacific.
Mark Carney, former Bank of England, one of the designers of the Great Reset, now Vice Chair of Brookfield Asset Management.
Henry Kissinger, The Establishment’s Voice (or a war criminal: take your pick).
Charles Michel, President of the European Council.
Minton Beddoes, Editor-in-Chief of The Economist, which will duly relay all major Bilderberg directives in the magazine’s upcoming cover stories.
David Petraeus, certified loser of endless surges and Chairman of KKR Global Institute.
Mark Rutte, hawkish Prime Minister of the Netherlands.
Jens Stoltenberg, NATO top parrot, sorry, secretary-general.
Jake Sullivan, Director of the National Security Council.
The ideological and geopolitical affiliations of these members of the “diverse group” need no further elaboration. It gets positively sexier when we see what they will be discussing.
Among other issues we find “NATO challenges”; “Indo-Pacific realignment”; “continuity of government and economy” (Conspirationists: continuity in case of nuclear war?); “disruption of global financial system” (already on); “post-pandemic health” (Conspirationists: how to engineer the next pandemic?); “trade and deglobalization”; and of course, the choice wagyu beef steaks: Russia and China.
As Bilderberg follows Chatham House Rules, mere mortals won’t have a clue of what they actually “proposed” or approved, and none of the participants will be allowed to talk about it with anyone else. One of my top New York sources, with direct access to most of the Masters of the Universe, loves to quip that Davos and Bilderberg are just for the messenger boys: the guys who really run the show don’t even bother to show up, ensconced in their uber-private meetings in uber-private clubs, where the real decisions are made.
Still, anyone following in some detail the rotten state of the “rules-based international order” will have a pretty good idea about the 2022 Bilderberg chatter.
What the Chinese say
Secretary of State Little Blinken – Sullivan’s sidekick in the ongoing Crash Test Dummy administration’s Dumb and Dumber remake – has recently claimed that China “supports” Russia on Ukraine instead of remaining neutral.
What really matters here is that Little Blinken is implying that Beijing wants to destabilize Asia-Pacific – which is a notorious absurdity. Yet that’s the master narrative that must pave the way for the US to muscle up its “Indo-Pacific” concoction. And that’s the briefing Sullivan and Kurt Campbell will be delivering to the “diverse group”.
Davos – with its new self-billed mantra, “The Great Narrative” – completely excluded Russia. Bilderberg is mostly about containment of China – which after all is the number one existential threat to the Empire of Lies and its satrapies.
Rather than wait for Bilderberg morsels dispensed by The Economist, it’s much more productive to check out what a cross-section of fact-based Chinese intelligentsia thinks about the new “collective West” racket.
Let’s start with Justin Lin Yifu, former Chief Economist of the World Bank and now Dean of the Institute of New Structural Economics at Peking University, and Sheng Songcheng, former head of the Financial Survey and Statistic Dept. a the Bank of China.
They advance that if China achieves “dynamic zero infection” on Covid-19 by the end of May (that actually happened: see the end of the Shanghai lockdown), China’s economy may grow by 5.5% in 2022.
They dismiss the imperial attempt to establish an “Asian version of NATO”: “As long as China continues to grow at a higher rate and to open up, European and ASEAN countries would not participate in the US’s decoupling trap so as to ensure their economic growth and job creation.”
Three academics from the Shanghai Institute of International Studies and Fudan University touch on the same point: the American-announced “Indo-Pacific Economic Framework”, supposed to be the economic pillar of the Indo-Pacific strategy, is nothing but a cumbersome attempt to “weaken the internal cohesion and regional autonomy of ASEAN.”
Liu Zongyi stresses that China’s position at the heart of the vastly inter-connected Asian supply chains “has been consolidated”, especially now with the onset of the largest trade deal on the planet, the Regional Comprehensive Economic Partnership (RCEP).
Chen Wengling, Chief Economist of a think tank under the key National Development and Reform Commission, notes the “comprehensive ideological and technological war against China” launched by the Americans.
But he’s keen to stress how they are “not ready for a hot war as the US and Chinese economies are so closely linked.” The crucial vector is that “the US has not yet made substantial progress in strengthening its supply chain focusing on four key fields including semiconductors.”
Chen worries about “China’s energy security”; “China’s silence” on US sanctions on Russia, which “may result in US retaliation”; and crucially, how “China’s plan of building the Belt and Road Initiative (BRI) with Ukraine and EU countries will be affected.” What will happen in practice is BRI will be privileging economic corridors across Iran and West Asia, as well as the Maritime Silk Road, instead of the Trans-Siberian corridor across Russia.
It’s up to Yu Yongding, from the Chinese Academy of Social Sciences (CASS) and a former member of the Monetary Policy Committee of the Central Bank, to go for the jugular, noting how” the global financial system and the US dollar have been weaponized into geopolitical tools. The nefarious behavior of the US in freezing foreign exchange reserves has not only seriously damaged the international credibility of the US but has also shaken the credit foundation of the dominant international financial system in the West.”
He expresses the consensus among Chinese intel, that “if there is a geopolitical conflict between the US and China, then China’s overseas assets will be seriously threatened, especially its huge reserves. Therefore, the composition of China’s external financial assets and liabilities urgently needs to be adjusted and the portion of US dollar denominated assets in its reserves portfolio should be reduced.”
This chessboard sucks
A serious debate is raging across virtually all sectors of Chinese society on the American weaponization of the world financial casino. The conclusions are inevitable: get rid of US Treasuries, fast, by any means necessary; more imports of commodities and strategic materials (thus the importance of the Russia-China strategic partnership); and firmly secure overseas assets, especially those foreign currency reserves.
Meanwhile Bilderberg’s “diverse group”, on the other side of the pond, is discussing, among other things, what will really happen in case they force the IMF racket to blow up (a key plan to implement The Great Reset, or “Great Narrative”).
They are starting to literally freak out with the slowly but surely emergence of an alternative, resource-based monetary/financial system: exactly what the Eurasia Economic Union (EAEU) is currently discussing and designing, with Chinese input.
Imagine a counter-Bilderberg system where a basket of Global South actors, resource-rich but economically poor, are able to issue their own currencies backed by commodities, and finally get rid of their status of IMF hostages. They are all paying close attention to the Russia gas-for-rubles experiment.
And in China’s particular case, what will always matter is loads of productive capital underpinning a massive, extremely deep industrial and civil infrastructure.
No wonder Davos and Bilderberg messenger boys, when they look at The Grand Chessboard, are filled with dread: their era of perpetual free lunch is over. What would delight cynics, skeptics, neoplatonists and Taoists galore is that it was Davos-Bilderberg Men (and Women) who actually boxed themselves into zugzwang.
All dressed up – with nowhere to go. Even JP Morgan’s Jamie Dimon – who didn’t even bother to go to Bilderberg – is scared, saying an economic “hurricane” is coming. And overturning the chessboard is no remedy: at best that may invite a ceremonious tuxedo visit by Mr. Sarmat and Mr. Zircon carrying some hypersonic bubbly.
Proustian stream of consciousness analysis, revealing if the reality beneath the surface.
“get rid of US Treasuries, fast, by any means necessary”
And we have asked this question for years: why was Russia and China still is so stupid and naive to keep their reserves easily looted by west? The answer seems to be in their own inside ruling class oligarch society. Too many Russians and Chinese either openly or seacreatly admire the west. It looks like they will learn too late and get their multipolar asses whipped.
Don’t forget that both modern Russia, the hybrid of the USSR and the West, and modern China, were built by the West. Mao was an employee of Yale University China. Warburgs et al. financed Lenin, then Stalin. Both the USSR and China were supported throughout their evolution by Western banks and political engineers.
I agree with Frankie—-the oligarchs of every political state are in bed together. They manage their populations like herds of cattle.
Sheep even
Mao an employee of Yale University China ? The implication of collaborationist activity on behalf of Mao in Changsha by Yale University Medical Center is misplaced and borders on the ridiculous. Warburg supporting Lenin and again an implication that somehow Western Capital was behind the Bolshevik Revolution is also ridiculous. What is your point ? What evidence do you have ?
Evidence ? Like this ?
https://www.islam-radio.net/islam/english/jewishp/china/jew-china-gov.htm
white russians have always been apart of china
𝗧𝗵𝗲 𝗡𝗬𝗖 𝗮𝗻𝗱 𝗟𝗼𝗻𝗱𝗼𝗻 𝗕𝗮𝗻𝗸𝘀𝘁𝗲𝗿𝘀 𝘄𝗵𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝗱 𝘁𝗵𝗲 𝗕𝗼𝗹𝘀𝗵𝗲𝘃𝗶𝗸 𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻
𝗪𝗵𝗼 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝗱 𝗟𝗲𝗻𝗶𝗻 𝗮𝗻𝗱 𝗧𝗿𝗼𝘁𝘀𝗸𝘆?
https://themillenniumreport.com/2018/07/the-nyc-and-london-banker-who-financed-the-bolshevik-revolution/
Wall St financed Trostsky (Bronstein) to the tune of 10 million US dollars. This is a proven fact. Removed. No attacking other commenters. Mod.
total nonsense. the ONLY Foreign country Chairman Mao went was USSR!! And Mao has Never got any formal higher education, yet he is One of the SMARTEST person in the World history!
Some Westerners knows NOTHING about China and Mao, yet still pretend they are experts. Laughable.
Obviously, the world masters, the small group of oligarchs that have been dominating the world for two centuries, shaping it for what it is today, including both sides of any and butchery in the 19th and 20th centuries, are imbeciles and have no idea what’s going on. They were completely taken by surprise.
All of a sudden, a hero emerges, out of nowhere. Armed with the best weaponry technology and little money can make, while the collective west merely brandishes obsolète weapons, financed to the tunes of trillions. Yearly. Handling those weapons, one one side a numerous, healthy, traditionally trained and patriotic army, serving a popular, athletic and articulate leader. On the other side, a diverse, COD trained, mRNA jabbed, unsure of their own genre and sworn to a senile, corrupt leader.
You might start to see a pattern here. Otherwise, feel free to carry on with reading the obvious.
In the meantime, it appears that the same heroic, charismatic and competent leader, realizes he holds true-true wealth (stuff that exists), as opposed to fiat money the other side drowns in.
Until now, this political landscape escaped everyone’s attention. They were mere details barely deserving mention in the press. Which they never got, apart from dark, aluminium-hat-wearing circles. This might explain why the masters of the world didn’t notice: we all know they get their information from the press. They pay enough for it. Hence their utter surprise and soon to be demise.
So they were taken by surprise. Then their economy collapsed. Their fiat money became worth nothing. Their people began to know illness and hunger again. True they still hold all the material wealth they could afford with their unlimited supply of fiat money. And did they afford a lot! West but also east ;p
But the surprise was still total. The never thought, in two centuries of total political and economical domination in eastern countries, to prepare for the next phase. Nope. The surprise was total.
You could always object that those eastern countries seen to be as eager as the rest of the world to push the great reset . Are actually pushing faster and with more success, much less resistance from the cattle… oops… the people. But that would make you a conspirationnist, one with a tin-hat.
Nope, the surprise was total. And unless you can provide step by step evidence on how the world rulers are still ruling the world, hang on to you hat and follow the narrative : Putin is a hero, opposes the NWO and all those petty billionaires who have been plotting for 20 decades are shaking in their boots.
Bravo!!! the best analysis ever. It is painful but true….the west, (meaning us), we are just a collection of wannabees, I rarely give an opinion in here but i am getting tired of so many people here that keep putting the Chinese and other cultures down. BTW, I lived, taught at the university in Asia (also China) and Latin America and work for the World Bank for 16 years.
This might help unravel your conundrum
– Jewish Faces in Chinese Government –
https://www.islam-radio.net/islam/english/jewishp/china/jew-china-gov.htm
“This might help unravel your conundrum
– Jewish Faces in Chinese Government –
https://www.islam-radio.net/islam/english/jewishp/china/jew-china-gov.htm”
yes and true. yet, have they upset the apple cart of the PRC? if so, then they would have many a power to input certain economic policies that would benefit their jewish state like what we see in the yusa. so far, they have powerful posts, which rep their time helping with the chinese revolution that china won’t forget or abandon. true that some has benefitted enormously in the opening up, but they’re still loyal to their host, if not home, country now.
And thats evidence? A few grainy photo-copy- like pics. Hardly a slam dunk case,is it !! Plus,I have seen a few photos of Trump and Kim Jung Un together. Is that evidence of Koreagate then?
Weak argument, as there was more evidence presented then just a few ” grainy ” photos. Just the mere fact that the Khazars were involved screams caution. History proves, the Khazars never conquer a nation immediately, its always a multi-generational process. There’s a reason Zuckenberg and other Khazars are marrying Chinese.
This thread is heading off topic. If you wish to continue please take to MFC, mod
Notice how in every formal photograph of Mao and his entourage, the 5 Jews are always huddled around him, or seated with their chairs within arm’s length, while the Chinese associates are always positioned several feet outwards from the 5 Jews.
They were running China, just like right now a group of jews in the State Department and Intel community are running Biden.
Off topic. To continue this thread please take to the MFC. Further posts in this article along this thread will be sent to trash, mod
” Mao was an employee of Yale University China”
yes he was, but only as a cleaner, if not an asistant librarian at best. there was a famous incident, when mao was cleaning a philosophy class, that was still in session, he questioned the prof’s philosophy and broke his argument. so when the prof asked if he was a student of the class, mao said no and said he was a cleaner, the prof just swatted his arguments out and told the class not to listen to a cleaner vs him, the prof. wasn’t sure if it was yale uni at that time, maybe beida or peking uni.
but saying he’s part of the elite, is hitting it a bit too far. he virtually gotten rid of those elites and cleared his country to make the huge gains it has now. tho his country suffered quite a bit during his disastrous economic policies due to his fanaticism and fear of his subordinates to report the truth to him. either way, the china we know now vs then has changed.
Mao won the people over to his side by not stealing from them
Hindsight is always 2020, remember that even during ww2, the Nazis foreign reserves and debts were still honored and serviced by western banks during the worst of it all. Maybe that says alot about the current western govt
Frankie: “get rid of US Treasuries, fast, by any means necessary”
Exactly right! Why is it so difficult for Chinese to rid itself of US Treasuries? WHY?
Can anyone find Dr. Michael Hudson talking about this? He should be the best resource for this very pressing topic?
Does anyone here know the answer to that question?
” get rid of US Treasuries, fast, by any means necessary” ”
Doing that would collapse the ” Western ” financial system in a matter of days. China and Russia dont want to do that. Therefore, your answer lies there.
Deplorable Commissar:
Someone asked, “get rid of US Treasuries, fast, by any means necessary” ”
Doing that would collapse the ” Western ” financial system in a matter of days. China and Russia dont want to do that. Therefore, your answer lies there.
What sources do you have that substantiates your understandings?
We are looking for someone, anyone who has written or thoroughly explained *why* it’s so difficult for nations to remove themselves from US treasuries that they hold?
” why* it’s so difficult for nations to remove themselves from US treasuries that they hold? ”
Once again, its not difficult for China, and other countries, to offload their US holdings in a matter of hours collapsing the Western financial scam. However, they wont do it. Why, is up for discussion.
Mainly because the US may refuse to pay back the debt.
“Doing that would collapse the ” Western ” financial system in a matter of days. ”
Exactly correct.
That is why once a country has set up the inflation trap the answer to the economic dilemma has been war.
———-
Re: Bilderbergers
Their free ride has ended. May each one of those attendees be brought to justice.
This question has been posed repeatedly at this blog.
My recollection is that the basic answer (say, a few years ago) was that Russia and esp. China didn’t want to destabilize the world financial system and would move out of US treasuries slowly and somewhat stealthily, so as not to spook everyone and maybe collapse the US economy.
Clearly, conditions have changed, and ASAP may now be a higher priority than “stealthily and carefully.
As far as I understand it (which is admittedly not so very far) it is not only about destabilizing the world financial system and collapsing the US-economy. The treasuries are a big plus in the Chinese balance. If they throw them on the market it would be difficult to find a buyer and hence they would quickly become quite worthless. That would not only collapse the US-economy but the Chinese would also devalue their own ‘belongings’. That’s why the slow approach is in their own interest.
I asked this many times also, and got the same answer. But I am not convinced. I think China has the option of disposing of their US dollars by buying up items in the west, actual material, even if they buy it from the US (!). So they could deplete their supply of dollars by converting them to real goods, materials, items through buying from other countries like Germany, Arabia, Italy, US, Canada, etc.
Am I too simple minded by making that suggestion? I probably am….. and I know someone will correct me.
“…why was Russia and China still is so stupid and naive to keep their reserves easily looted by west?”
Bait. Small price to pay for destroying confidence in the US financial system. The amazing part is they walked right into the trap.
Yup
The war from the US of Arrogance Hato upon Russia was a shitty idea, Hilary.
Democrats suck. Too bad.
The American economic collapse is well under way aided by scamdemic.
Spare a hundred bucks to fill my gas tank please?
This is America, can’t get two blocks away without a car.
Thanks to the elite for shutting us all down.
What took decades to build small businesses gone in two weeks or two years tops.
They are all gone.
Russia already won, hope we can see that now.
Soon.
China must recall home all assets it has in the west, because the US will inevitably one day provoke an act that will be used to steal Chinese assets. The US cannot afford to pay back China almost 1 trillion dollars of debt, and will look for any way to wiggle out of having to do it. So a manufactured crisis, like the one in ukraine, will happen, and China better wake up and get its money home ASAP. It may happen when urkaine becomes lost to the EUSUK axis. I predicted that after the Afghanistan failure, the US will do something crazy to shore up its bruised ego, and the SMO is the result of US provocations. When the SMO is complete, the US ego will be bruised even worse, and then we can expect something to be provoked between China and Taiwan. The US will not give up easily. They are scared and desperate, and will go after anyone if they think that the ensuing chaos can keep them afloat for a little while longer.
Rumor has it that most of the western US ports are managed by Chinese business. Also rumor is that Chinese interests own many natural resources in the US in real estate, farmland, oil, coal, gas, mining, forestry, transportation and probably other assets as well used as security or collateral on US Treasuries.
China and Russia have substancial gold reserves on which to base their currency. Does the US have any gold left either at Ft. Knox or the NYFRB ?
IIRC, most if not all major US ports no longer have Chinese investments. After “Shrub” left the Oval Office, the Chinese were eventually pushed out, along with other foreign companies. I only wish I remembered where I read it as it was some time ago.
Regardless, all the US have to do is nationalize all Chinese (or foreign) assets within US jurisdiction and it’s all over for those Chinese / foreign investors. Although such acts wouldn’t inspire much confidence among foreign investors on the US, it would strip away whatever leverage foreign entities have over the US. Naturally, the other party can reciprocate as well.
“Does the US have any gold left either at Ft. Knox or the NYFRB ?”
Or Cheyenne Mountain, or anywhere else? That´s the big question. I personally believe that the USA has already spent all of its own gold AND much of the gold stored, in misplaced confidence, by other nations in US institutions, in their continuing effort to maintain the value of their intrinsically worthless fiat paper / digital dollar. When the truth finally gets out, I fear that Weimar Germany, Zimbabwe, et al are going to look like models of monetary / fiscal stability in comparison.
^^;;^^
Morcegão
Imagine a group of countries “..resource-rich… able to issue their own currencies backed by commodities, ”
China and Russia are at this point already. Both resource rich with currencies backed by precious metals.
Then imagine a thief threatening to drain the accounts of these “old” foreign currencies from their banks. Which weren’t backed by precious metals back then, like they are now.
That’s like someone trying to steal a vintage DC-3, but demanding the owner supply a full tank of gas with it before they do. Otherwise, they threaten not to steal it.
Trying to steal the plane with an empty tank is pointless. So, either the owner gets to keep his DC-3, or the thieves have a plane that won’t fly. Unless they buy fuel from the owner… and before the price rises.
Russians and Chinese are stupid to even have any trust on anglosaxons.
They are reaping the result of their stupidity.
– The nefarious behavior of the US in freezing foreign exchange reserves has not only seriously damaged the international credibility of the US but has also shaken the credit foundation of the dominant international financial system in the West.”
Repeating a tons a headline. Alex Newman cannot answer what deep state is beyond “deep state”, neither Pepe.
No, deep state will not disappear even when US dispappeared. Taking down US is the goal for deep state?
China should beware the three giants (“shadow banks”) that are BlackRock, Vanguard and State Street. These three own everything from Google to Pfizer including the MIC and the oil industry. It’s difficult to find out who owns them since following the money at that level is almost impossible, but everything seems to point in the direction of the BIZ, that is to say well established big capitalist families like Rothschild. The visible “deep state” (those who go to Bilderberg/Davos) are just the administrators, the real deep state is there where the money lies. Of course, states and governments are only tools for them to protect their interests.
The bombing of Germany was according to paganism (bombing is outside “banking”). Same with the bombing of Japan, Then the Hiroshima-bomb was a bomb they had not developed themselves (?)
,Deep State’ is often used to refer to government staffers who do not change with administrations. As the donkeys of government, they are the ones actually doing the work and have a signifigant impact on it.
Deep State is more accurately refers to the unelected, oversight-free, black-budget intelligence agencies that, like much of the operations of the Department of Offense are outsourced to corporations, many of which are primary military contractors.
Kebvin Shipp calls this “The shadow government”.
– Deep State’ is often used to refer to government staffers who do not change with administrations. As the donkeys of government, they are the ones actually doing the work and have a signifigant impact on it.
That are obvious facts and easily verified bygoogle search. Some staffers just stay in their job.
Applied on USSR all Stalin / Lazar Kaganovich / Lavrentiy Beria were “deep state”.
But is that the whole truth? Stalin had made special tanks (1940) made for German highways (?). The attack on Germany was to be coordinated with West (?)
US
“An Uvalde mom who was handcuffed by police for trying to rush into the Robb Elementary School to save her two kids says from the deadly shooting said police have threatened her with a probation violation for obstruction of justice if she continued speaking with the media condemning the officer’s late response.”
That sounds like “deep state” to me, FBI & police organizing school shootings.
Nobody knows better than those big shadow government members that the current neoliberal world financial casino scheme is unsustainable. They just can’t say it aloud because they would have to give up their %1 privileged position or come up with an explanation they don’t have. Therefore, the big mafia thinkers have reached the conclusion that it’s better do controlled demolition of the existing system and through some comical WEF – Charles Schwab “Own Nothing and be Happy” program, manage people movements against the establishment, at the same time stockpile the stolen wealth in some inaccessible islands, while people are busy at each other’s throats. There’s no shortage of hiring crazy neonazi Ukrainians to do the task. This controlled demolition idea started from the Sep. 11 events when three buildings went down using explosives. The building no. 7 went down completely only by a small fire in the building. The owner of the building – a Jewish guy with strong connections to the globalists – took all the insurance money and ran away someplace. The building was losing a lot of money, a huge vacancy rate and almost bankrupt before they took it down. They are now doing the same thing with the global economy but want blame Russia and China.
An excellent brief commentary filled with insights of events and agencies that we must NEVER forget, IF we are serious to obtain any measure of justice.
At 79 I’ve resigned myself to die without ever seeing hundreds of US war criminals exposed and punished accordingly, using the criteria created at Nuremberg. There may yet be a chance….
Your “Jewish Guy” DOUBLED the insurance cover on the WTC complex, just six months before the “event”. Increased to reflect cost of demolition? that would have been not much more than the rate of inflation at the time ( officially 2.85%)
Then there’s reports of US airline stock being shorted “just” before the event, and the very convenient “collapse” of WTC Tower 7 – the convenient “home” of the evidence surrounding Rumsfeld’s “missing $8 Trillion”.
As for the scrap metal resulting from the collapses – on the basis of prior US behaviours one would have expected it to be the material of a significant memorial – this is after all what the US usually does. Interestingly, it was VERY quickly shipped off. Not to US scrap merchants, but to China, so “irretrievably removing” very useful evidence as to what really happened.
Of course the “Mainstream Media” regard this as “Conspiracy Theory” (itself a term created by the CIA to discredit those who dared to ask “uncomfortable questions”) – as exemplified by the below article – and we ALL know who the Council for Foreign Relations works for, don’t we.
https://www.cfr.org/blog/seven-resources-debunking-911-conspiracy-theories
Ah 9/11. That day of infamy to end all days of infamy. The cruise missile in the Pentagon. The cruise missiles in the Pennsylvania field. Planes can’t do the aerobatic trajectories that hit the Towers. Jet fuel doesn’t melt steel beams. Freefall speed? Why did the steel engine blocks of the police cars melt but the doors etc didn’t? What type of weapon was used that day? Pull it. But don’t change the building code for high rises to protect against catastrophic fire damage leading to collapse. Hmm. Bin Laden family on a flight out of the states. “Our enemies are your enemies.” Urban Moving Systems. Poetic theatre that continues to the “safe and effective” pandemic and beyond.
Just a friendly reminder. This topic is: Bilderberg does China It’s not about 9/11.
If you wish to continue off-topic content, please take it over to The Moveable Feast.
Thank you. Mod
Jezabeel,
If you could read more carefully, then you will notice that the comment is about the deep government wanting -in theory – to bring down the global economy by the controlled demolition technique but blame everything on China and Russia. The 911 was their initial rehearsal followed by the Pfizer/Astra Zeneca so-called Corona pandemic.
It looks like a rough ride is a coming. :P
I think the West overplayed its cards for a very long time, they just didn’t realize they had often sheer luck in their Geopolitic Endeveaurs. You can’t ‘rule’ the world with about 4 million soldiers. You need at least a standing army of 40 million. More Jets, more Artillery, more Missiles, more Warships, more Infantry, more of everything. The US is a big military power, on some fields even the biggest (Warships and Fighterjets), but thats not enough. I would even guess, if they fought against North Korea or Iran, they would loose significantly. So its maybe time to get more realistic. I even would speculate, that if China and Russia wanted to destroy the West, they could do it since at least 2015, but they don’t want a destabilized West or US, they want a stable West, a common sense West/US to go forward on the grounds of the UN.
On this Bilderberg or Davos make-believe thingy, were they play Rulers of the World, pure hubris and stupidity on the level of Bond-Villains. Of course with a lot of deaths everywhere in the world, probably in the millions at least in the last 20 years, so thats a reality, they are evil and vile and disgusting. But on the perspective on leading the World? Ridiculous at best.
…yes completely true. I think the sleepy Joe wanted to make himself a huge sandwich, but after making it he realized that he just couldn’t chew on it because of the sheer size. In his calculations he mistook Russia with Burkina Faso.
I hope realism defeats their ideas
Yes, there are Deep States, Deeper States, and the Deepest State, which is not even a state. Probably just a few padded board rooms here and there. This is where pandemics, etc., are released, for instance. But even these have to face reality, and even they are on a fairly short leash metaphysically speaking. And they can’t stop what is truly enlightened from manifesting, such as what is coming from Russia right now. So they are always playing catch-up, reacting to events they don’t really understand.
re: “continuity of government”
We have been in a declared “state of emergency” since 9/11. Continuity of Government protocols, designed by the likes of Dick Cheney and Donald Rumsfeld, have been in place since then.
As Peter Dale Scott points out:
We were told that old law doesn’t apply anymore because we’re in a new state of affairs with COG [which was implemented within hours of the first plane hitting the World Trade Center]…What that means is very difficult to decipher. I’m sure the full range of COG plans is enormous and not all of it was instituted. Some of it was visible.. [There are] new COG elements which, of course, we’re not allowed to see. And it was very interesting that congressman who was on the Homeland Security Committee wanted to see these new regulations. He was told he couldn’t see them; he didn’t have the clearance. He had all the regular clearances. So then the committee itself, in writing, requested to see these new COG regulations and the committee was told they couldn’t see it. So this is a very clear example where the public state wants to know what’s happening up there at the level of the deep state and the deep state said, ‘Sorry, you’re not allowed to know.’ So that’s why, in a very real sense, we don’t have the constitutional government that we think we have…
[Three things] everyone should have them clearly in their mind [that have been implemented since 9/11]: 1) warrantless surveillance, 2) warrantless detention and 3) the militarization of Homeland Security. We live now under an army command, a permanent Army command, NORTHCOM for North America just like the US Army in South America has SOUTHCOM. They’re treating us the way they have learned to treat the rest of the world and that is not good.
-THE AMERICAN DEEP STATE: An Interview with Peter Dale Scott for the Project Censored Show on Pacifica Radio
https://www.projectcensored.org/american-deep-state-interview-peter-dale-scott-project-censored-show-pacifica-radio/
re: “Little Blinken is implying that Beijing wants to destabilize Asia-Pacific”
We have to understand “stability” to mean maintenance of specific forms of domination and control, and easy access to resources and profits.
-Noam Chomsky
https://chomsky.info/fateful02/
No one seems to be acknowledging it, but MMT has been preaching the gospel of resource backed currency for quite some time. Whie neoliberal economists have been ridiculing the concept, it now looks like Russia, China & Co. will seek to build an alternative economic system predicated largely upon MMT principles. Thus Russia was wise IMHO to expand the resource constraint on money creation to include commodities other than the purely arbitrary one of gold. What Jesus reportedly said about the Sabbath applies with even greater force to the economy: people are not created to serve it (the axiom of neoliberalism), but rather it to serve people, including “the least of these” (the axiom of MMT).
Can you point me to a paper where an MMT economist spoke in favor of a resource-backed currency?
Bill Mitchell’s Australian blog on MMT contains reams of material establishing the axiom that the only constraint on money creation, made necessary to avoid inflation, is the availability of resources. Dr. Mitchell, as you might know, is one of the founders of MMT, and his blog has a search engine to sift through many years of posts and hone in on a particular topic. Hope this is helpful.
they’re talking 10,000 feet view of the economy as a whole.
what is money? claims on resources.
what is an economy? the way we make money, or the way we obtain, produce and distribute resources?
they’re not talking one for one like dollars-for-gold or even something like USD$ being a petro-backed thing.
so, unless Russia and China start engaging in lots of fiscal stimulus under the guise of “producing the economy of the future while relieving suffering of the present”, i would hesitate to call it MMT.
In these disturbing times it’s becoming harder to laugh. But not impossible:
https://citizenfitz09.blogspot.com/2022/06/random-meme-saturday.html
“One of my top New York sources, with direct access to most of the Masters of the Universe, loves to quip that Davos and Bilderberg are just for the messenger boys: the guys who really run the show don’t even bother to show up, ensconced in their uber-private meetings in uber-private clubs, where the real decisions are made.” Yes Pepe, Bank Of Iternational Settlements (BIS) in Basel, and some family that if I’m not wrong spells like Rothschild… The other guys are just office boys
My understanding of the Deep State is that it consists of all the high ranking government employees and the people they deal with. Because of common interest they serve the interests of each other and the government as an institution. The voting public and inconvenience.
If you want to get to the association between communists and capitalists, see: Wall Street and the Bolshevik Resolution. My quickest summary of it is that despite the ideological hostility between the two groups, they had no problem at all colluding when it serves their mutual self interest. The more wealthy capitalist groups saw the communist revolution as an opportunity.
Now as for the “Creepiest & Most Dystopian Things Pushed By The World Economic Forum…”
https://www.zerohedge.com/geopolitical/top-10-creepiest-and-most-dystopian-things-pushed-world-economic-forum-wef
A good model for how a country can control another country of size with almost no troops is the British control of India. After they beat down the local warlords it was mainly tradition and custom. Most of the time the local population went along. I regard that on an administrative level, the British Empire was a precursor to our Deep State stuff. They in general did a better job of it than we are.
“Creepiest & Most Dystopian Things …” is a recipe for taking over Earth, of biblical proportion.
It is as I understand it an intergenerational plan – think planned 500 years ago = the lifespan of Gods.
No, it is not about “serving the interests of [close to retirement] high officials”. The latters need more doctors than friends.
I remember being so angry with China after the 2020 selection. Now I wonder just what exactly is going on.
Someone told me once that Fidel Castro was a CIA agent. I had a good laugh and answered it’s a pity there are so few CIA agents like him. As a matter of fact, when they can’t beat the guy, they spread the rumour that, in fact, he is working for them.
Fidel Castro is high in the system.
Castro family:
– Its most important members included Pope Paul III … and Elisabeth Farnese, who became Queen of Spain and whose legacy was brought to her Bourbon descendants.
Compared to Fidel Castro Joe Biden is a nobody.
Justin Trudeau is a Castro.
Justin Trudeau was part of Klaus Schwab’s “wannabee world leader” program, as well as half of Trudeau’s ministers.
The same was true in Argentine Klaus Schwab revealed to us. As the inventor of H-bomb Angentine is a world center.
People jump to the conclusion US is running Argentine, not the other way around.
I think Pepe is showing us the “two sides of the coin” in China. When he compared those two Chinese officials.
Chen Wengling:
“Chen worries about “China’s energy security”; “China’s silence” on US sanctions on Russia, which “may result in US retaliation”; and crucially, how “China’s plan of building the Belt and Road Initiative (BRI) with Ukraine and EU countries will be affected.” What will happen in practice is BRI will be privileging economic corridors across Iran and West Asia, as well as the Maritime Silk Road, instead of the Trans-Siberian corridor across Russia.”
From that it seems Chen thinks China should move closer to the West and distance herself from Russia. That would be an historic,and fatal mistake for China to make. Her support from Russia assures her security,both energy security,and military. Moving closer to the West and distancing from Russia will endanger that support. And give the West power over China. So his idea there must fail for China’s safety.
Yu Yongding:
“It’s up to Yu Yongding, from the Chinese Academy of Social Sciences (CASS) and a former member of the Monetary Policy Committee of the Central Bank, to go for the jugular, noting how” the global financial system and the US dollar have been weaponized into geopolitical tools. The nefarious behavior of the US in freezing foreign exchange reserves has not only seriously damaged the international credibility of the US but has also shaken the credit foundation of the dominant international financial system in the West.”
“He expresses the consensus among Chinese intel, that “if there is a geopolitical conflict between the US and China, then China’s overseas assets will be seriously threatened, especially its huge reserves. Therefore, the composition of China’s external financial assets and liabilities urgently needs to be adjusted and the portion of US dollar denominated assets in its reserves portfolio should be reduced.”
It’s Yu’s thinking that I hope China adopts as her policy. That would certainly be an advantage for both Russia and China. And would lead to victory for the multipolar idea,and defeat for the unipolar idea.
Surely China must be aware of how much her future survival depends on her relationship with Russia. A weakened or destroyed Russia would lead directly to the defeat and dismemberment of China, her survival is bound up with Russia’s.
Been a long time coming, but the Age of the Petrol Dollar and fractional reserve Central Banking is almost over, one can clearly see it is struggling to breath. Just like the Stone Age didn’t end for lack of stones, the Oil Age will definitely end, not from lack of Oil.
What we see expanded demand (vs. supply) for oil, gas, coal and wheat. Oil and gas will be a solid base for Ruble.
Using decommisioned nuclear power plants / green energy (no CO2) is no base for a currency.
This piece in zerohedge for a further into neoliberal globalist plans
https://www.zerohedge.com/geopolitical/top-10-creepiest-and-most-dystopian-things-pushed-world-economic-forum-wef
In this video an Austrian colonel describes the situation on “the Russian Front” in Ukraine. Lots of maps and strategies.
As expected, the Russians are grinding away at the Ukrainian army. But he goes on to describe the poor morale of the Ukrainian troops. Something you don’t often hear.
{https://www.youtube.com/watch?v=RpC1kXhW2Lw
And something else you don’t often hear is how NATO is supplying Ukraine with very advanced and detailed sigint and satint on Russian abilities and movements. Is Ukraine’s army actually being led by US generals?
So my question is whether China’s oligarchs will stand for China or for the Plutocracy. There certainly must be an allure to a transnational group with no allegiances to any country, only to the other members of the group, supported by a vast network of sycophants. We can see that Russia’s oligarchs could care less about their populace so what about their Chinese counterparts?
Russia’s anti-Russian oligarchs were pursued and prosecuted by Putin. The few who he didn’t get fled …. to Isntrael and then into various other western nations.
Thus far the Chinese government *seem* to have a handle on their own oligarchs. Jack Ma, a neoliberal, was put in his place recently. Time will tell.
There’s one name in the list of participants that should not be on the list under any circumstances. You’ll quickly find it or found it.
I love how you write on those non-trivial matters, Pepe Escobar. On style and humour, the above masterpiece is one of your very best, I believe, more delightfully surprising every step of the way…
Thanks again.
Regards always, LR
Gonzalo Lira might be right: the elite know the game is up. They’re scrambling to save their asses and… “get [their] kicks before the whole s***house goes up in flames.”
Imagine a world where the Jamie Dimon’s of the world are swopped for the Julian Assange’s of the world.
ЗззззЗ
Tom Luongo asks the right question :
The Big Questions We Should All Be Asking Geopolitically
https://tomluongo.me/2022/05/31/big-questions-we-should-all-be-asking-geopolitically/
“I’ve been telling you for a year that no one is asking the right questions about what the Fed is willing to do, not just to save itself, but possibly the much larger goal of breaking the people who are intentionally breaking the world for their benefit. ”
Then Luongo asks :
“The question I have for you then is simple, “What are you prepared to become if that happens?”
I, for one, would sign up as a Bank Regulator – in 1934 FDR’s Banking Act enabled 1,800 Regulators to turn up at bank offices on Friday afternoon, purchase the bankrupt outfit for $1 and keep the doors open on Monday for normal business. All legal, Executive Order.
Today there will be many thousand Regulators needed – so bone up and sign up! Good work if you can get it!
The following is directed to “Frankie” and “Rubicon” in why it’s difficult for nations to remove themselves from the US Dollar System.
A March 2022 interview by Paul Jay speaking to Dr. Hudson.
“China, like Russia, has been reducing its dollar holdings as much as possible, just keeping enough to prevent the currency from being destabilized by the dollar inflows. China, Russia are buying gold instead of U.S. dollars as much as possible. China is trying to escape from buying Treasury securities. Why would any government want to buy Treasury securities yielding 0.1% when the dollars coming into China are trying to make loans or buying countries, making 15% profit or interest a year? Nobody would want that situation to continue. China doesn’t want it to continue.
As long as it is part of an international economy that is dollarized, it is forced to take a loss, a sacrifice, year after year, subsidizing the U.S. economy. The only way that it can avoid that is to isolate itself from the U.S. dollar. No country until this time since 1945 has ever had the critical mass to be able to do it. That is the objective, the stated objective of Russia, China and their allies. Of course, they don’t want to buy treasury bills. That doesn’t mean that, yes, they found a wonderful investment making 0.1% a year and subsidizing the United States. That is not what China or any other country wants.”
Losing dollar hegemony is an existential threat to these guys Pepe. They will not stop. They will merely find a patsy to take the blame for a nuclear first strike against Moscow following a plan concocted long ago. Consider: Biden resigns, Kamodo Harris ascends amidst a full court press by neocons following a black op. “We must strike Miss President they used gas.” Consider their resume and what happens when bond sales decline and that $30 T debt means interest payments instead of submarines and baby formula. They will not stop.
FINANCIAL ZONE AVZ ZONE B… AN EXISTENTIAL FIGHT FROM A KIWIS PERSPECTIVE
Firstly a huge bravo to Pepe for his great commentaries on the development of a new global financial reality. My other two top global commentators are Michael Ehret and of course Michael Hudson. These men are incredibly courageous in what they do.
Predictably so many who spent their lives building their personal realities in the halls of power of the financial industry still completely miss the stinking 800lb gorilla that sits in the middle of the kitchen table eating Kiwi citizens’ lunches.
I wonder… do they even for a moment contemplate the concept of the FIRE economy [Financial/Insurance/Real Estate]… also, the way private banks create the vast majority of money as debt. The existence of these two realities is the reason why our western model is a complete wreck. This type of economy is all about blowing bubbles, especially [at least in NZ anyway] real estate bubbles, and never about investing in the productive sector that could ensure future wealth.
Remember too that the western Zone A system is not capitalism either… in fact, it is nothing of the sort. I would describe it as a disgraceful blend of casino cronyism, extortion, and racketeering… its quintessential essence is the FIRE system mentioned above… except that now it is becoming a veritable bonfire.
NZ has backed the wrong horse in aligning with what is in effect Natostan [Pepe’s term]. 88% of the world’s population is represented by the countries that have just voted to join the new Zone B system. This will be the antithesis of fiat and debt-based money creation. This is the beginning of the end for institutions like the BIS, the IMF and the World Bank.
The problem with money created as debt can be traced back for millennia, but the real breakout of when this system began running completely amuck [post WW2] was when Nixon took the US dollar off the gold standard in 1971. This allowed for a completely new paradigm in the unbridled fiat system that began progressively guzzling financial steroids.
This all swung the door wide open for ever more chicanery and all manner of new dodgy financial instruments to come flooding into use. This is a monumental problem, not just for the US, but for the global economy. The US dollar was the overwhelmingly dominant reserve currency as well as the go-to default currency when problems arose… even paradoxically when those problems were systemic and centred on Wall Street… think 2008 Lehmans as an example of this.
The same effect manifests at the moment where the US dollar has strengthened but only in relation to the other big dirty shirts in the laundry basket. No bother it seems to many… the quaint notion persists that the dollar remains the safest default currency.
The trainwreck trend began in 1971 and this can be graphed showing clearly the increasingly wide divergence of the Financial World Economy from that of the Real World Economy.
Also, the U$ money supply graph now resembles the North Face of The Eiger as the FED balance sheet grew by a massive 800% since 2008. NB The US taxpayer is on the hook for 98% of this and a good portion of this has been deployed in order to mop up toxic debt.
Last time I visited the debt clock I was greeted with these sobering numbers for the US economy…
– Social security liability $22 trillion
– Medicare Liability $34 trillion
– Unfunded liabilities $169 trillion
– Liability per citizen $509,000
– National Debt $30 trillion
– National Debt per taxpayer $242,000
NZ hitched its wagon to the Zone A Natostan 12% of the world population which incidentally collectively are far and away the most indebted and the biggest money printers in existence… by definition they are the most rabid defenders of the fiat system and its debt-based money creation.
They worship at the altar of the world’s private banking cabal. The BIS in Basel Switzerland is their Holy Grail… this was the institution that was set up to pilfer from the millions of victims of world war and to launder and channel war booty for the Nazi’s. It now pilfers from most of the globe, but particularly from its 63 paid-up members… of which NZ is one.
And of course Commissar Vaxcinder pledged NZ’s solidarity with the US-installed Ukrainian neo-Nazi regime that has set about completely destroying Ukraine…. her jackboot stance was of course entirely predictable. This is the same fiendish grand plan that top US officials openly admit has nothing whatsoever to do with saving the Ukrainian people… quite the contrary, they are merely expendable cannon fodder… in fact Natostan want as many Ukrainians killed as possible, in the desperate hope that this carnage can be blamed on Russia.
Once again here is absolutely nothing humanitarian about Natostan’s actions. This is all about getting rid of Putin in the farcical hope that they can then break up Russia into at least four separate regions and emasculate its military power permanently.
The cunning plan didn’t go that well… Puton’s popularity grew, the ruble took no time to stabilise and many of Russia’s resources are now worth more than ever… all the rabid West accomplished was isolating themselves financially from 88% of the worlds population. What a tragically bad joke these imbeccillic Western ‘leaders’ are.
Even Russia was never the grand prize these lunatics salivate over. They fantasise that once Russia can no longer defend China, then Natostan could then take out China and break it up into numerous easily controllable regions.
Voila… their weasel-like plan was intended to set the scene for settling in on another 2-3 generations of global military and financial hegemony. This time around though they intended to dramatically reduce the global population and have the survivors exist in a sophisticated global techno-gulag that would upstage even Orwell and Huxley’s visions combined.
I saw one poor lost soul in the comments of a popular local blog even calling for Mr Brash [ex NZ Central bank Governor] to be NZ Prime Minister. God help us all if we had a paid-up central banking club member running this country. Of course, this is exactly where France and Italy are right now… the 2nd and 3rd largest economies in the Eurozone!
Germany the #1 economy will implode too… wait for it… because they are still occupied and have been instructed by Uncle $am to dutifully self-destruct. Watch all three, along with the EU, progressively financially and socially degenerate just like the remainder of Natostan as the whole sorry thieving bunch proceeds with its practice of self-cannibalisation.
Japan, the 3rd largest economy in the world is still of course an occupied country, and also under strict orders… from guess who?… to commit national hare kari. With a mixture of utterly dreadful demographics, crippling hardcore debt, and pitiful natural resources they were in shite’s street long before all this latest economic war even began. The fact that they import virtually all their food and energy means that their balance of payments will be an even worse disaster with sky-rocketing price rises from Mr Global’s orchestratred shortages.
Note… the indebtedness of different zoned countries in terms of both public debt and external debt as a % of GDP… he vast majority of Zone B countries are relatively well-positioned in terms of debt compared to the profligate Zone B brigade.
Notice too that the three main instigators [China/ Russia/India] of the new Zone B financial system all have extremely low external debt to GDP ratio’s.
No doubt Uncle $am and the IMF will ‘help to bail Japan out’… of course on the proviso they agree to allow more weapons on their soil… aimed directly at China of course.
NZ and Australia are not Natostan members but we most certainly are their lapdogs. In spite of the fact that we are signed up with RCEP we will yap away incessantly on the perimeters and in the mean time learn the slow hard way as to what the brand-new financial reality of the world will soon look like… not to mention just how utterly liberating and empowering it could be to become part of it
Was it Henry Kissinger who once commented, “To be an enemy of the US is dangerous, but to be a friend is fatal”?
Cheers to all
Col
Nice summation. Only one minor quibble from this kiwi expat
“They worship at the altar of the world’s private banking cabal. The BIS in Basel Switzerland is their Holy Grail”
Perhaps the closer truth is
The sacrifice their citizens time and effort at the alter…..
If you want to understand the West’s (or rather US – the hegemon’s) attitude towards Russia and S.E Asia – this is a great resource.
https://www.cfr.org/europe-and-eurasia/ukraine
CFR really is pushing the narrative, and note that the “Pivot to Asia” is still very much on the cards – presumably the US dimwits have realised that a land war against Russia’s not such a great idea at all, but maybe we can provoke China? Is this the rationale behind expanding US military presence in Australia, and our being coerced into purchasing second-hand nuclear submarines?
I wonder where the US proposes to “fight” China? They’ve been kicked out of the Philippines, and China is inking agreements with many Oceania islands as we speak.
As for the oft-repeated “Chinese submarine capability is generations behind the US” – it pays well to remember THIS.
https://www.wearethemighty.com/mighty-trending/a-chinese-diesel-submarine-surfaced-in-the-middle-of-a-us-carrier-group/
In 2006. That’s SIXTEEN years ago – undetected despite the “best” of US technology then. The Song-class was the first of the completely-Chinese designed boats, and was remarkable for it’s time. No doubt “helped” a great deal by Russian design know-how, nevertheless a very significant blow to “US exceptionalism”.
China has the World’s greatest number of ship-yards (all of which can build for the Military if needed), and produces far more STEM graduates annually than any other Country. They also have the World’s greatest computational capability (far more supercomputers than anyone else, and currently the World’s fastest machine).
As for the US comment that “the US can nuke China 1000 times over”, it is wise to remember China’s comment – “We can destroy America once”. Once is all they need.
Political Economy 2.0. A present day worker in a retail store changes prices twice in the last two months, from 1 to 2 dollars or 30 cents on every product on his area, the essentials, and this must be happening in every area in the store. He is aware with his minimal salary he can’t afford many of those items anymore…and outside gas prices soaring and urban and suburban housing becoming shackles. In conditions of quasi-slavery…..
The Social, as “brute force”, also has it say, no matter how “total” Capital goes for it’s Thanatos drive. It happened in Geneva, not a Davos or the Bilderberg meeting (..are those like two mafia families?) It was a congress which coined this prophetic words; “Workers of the world unite!” ever since, this is the People’s Narrative…
( being unaware that there was a Great Narrative I thought the “narrative” had been defused, diluted or even coerced by the powers that be? Don’t kill the cow for a glass of milk!, ok, is just changing make-up)
Going off topic I believe Mr H is right on the money! Is just too many “high” economics this days at Saker for the “layman”! Yes, is supposed to be political economy two-point 0. Lets go for it, bear with me…
Do you remember “los Pancholares”? Get the feeling you don’t remember, it means nothing. What do you think is happening to the dollar? Beside being less and less of a purchasing bill? The dollar had entered its Paranormal State, its metamorphosis, is fading like the ghost of another age and in the everyday stage it has to if not out-live at least out-perform its mesmeraized fans! Really, have you seen a dollar of lately? those sorry “green-backs” from now on should be called TWD (the walking dead)
But to de-dollarize! My God! We won’t remember when that happened…there would be no funeral…its just money, and everyone will be using chips or what have you, still expect the “financial” tsunami, not “hurricane”, that’s “narrative make-up”. of course, almost forgot, what happens to the “hegemon”? Does anyone remembers the banks too big to fail? Here comes China! …to the rescue?
The US will have to be down-sized to only the west coast and renamed “the strip”. the east coast is going to be left to frost and hurricanes, the mid-west is Monsanto’s No-Man’s Land so how long before those corn-states are gone? the rest is already south of the border! That can be manageable.
Old Rublev, being a precursor and follower of Bakunin muses, would the digital petro-yuan is just the spiral of the same vicious cycle? maybe next time around we muse in Libidinal Economy 2.O
Hmm, Pfizer bigwig invited to Bilderberg meetings. But no, nothing suspicious about covid, not the virus itself but the excessive response that crushed economies and increased population control massively. Nothing suspicious about Pfizer at the meeting, nothing odd about their rushed approval nor that most of their test results were falsified, nor the side effects. No, Big Pharma is in no way part of the empire of lies, that is purely the MIC. Still astounds me that so many alt sites and posters never saw anything odd about covid at all.
Lets recall, you cannot have a Great Reset unless you first have the Great Collapse, or there is no urgency or justification for it, the people won’t be convinced Charles Schwab is their only solution. As far as I can see Ukraine inspired Russia sanctions make no economic sense unless you are deliberately trying to collapse an economy…your own.
I can see and understand the support for Russia, it is an economic and political system we would all comfortably live under. It’s the China adulation that confuses me, as it is fully totalitarian, spies on its citizens just as much as the US, cross the ruling party and you get disappeared, it is not a system most would choose to live under.
Pfizer gouging a profit – believable . The virus being a plot – an assertion that is frequently made ( including in this thread ) – highly improbable . No more likely than the Black Death , 1918 flu ,HIV etc etc being deliberately engineered .
Intentional malign economic effects of the pandemic – doubtful .
Bungled responses may have occurred from political opportunism but limited scientific and public health choices are probable contributors .
The anticipated economic ‘hurricane ‘ as an outcome of malfeasance by ‘ the West ‘ is a fertile arena for conspiracy theories some of which may be valid – but the appearance of a pathogen looks to be just part of human history .
It is obvious the medical experts are trying to ban alternatives to vaccines, like HCQ and Ivermectin.
They are responsible for millions of deaths in 2020-2021-2022 … those who are our doctors.
Deep state vs. the Christian Russia
“On March 23, 1917 a mass meeting was held at Carnegie Hall to celebrate the abdication of Nicolas II, which meant the overthrow of Tsarist rule in Russia. Thousands of socialists, Marxists, nihilists nand anarchists attended to cheer the event. The following day there was published on page two of the New York Times a telegram from Jacob Schiff, which had been read to this audience. He expressed regrets, that he could not attend and then described the successful Russian revolution as “…what we had hoped and striven for these long years”. (Mayor Calls Pacifists Traitors, The New York Times, March 24, 1917, p. 2)”
https://themillenniumreport.com/2018/07/the-nyc-and-london-banker-who-financed-the-bolshevik-revolution/
Yes, the “Jews” control the World! So powerful that they could not prevent the Holocaust! How to explain?
– could not prevent the Holocaust!
You are assuming too much. Much of “WWII history” is pure fiction.
from quote: “The following day there was published on page two of the New York Times a telegram from Jacob Schiff”
j lowrie:
Using WWII history 1940– I conclude nothing was published on page two New York Times 1917 after the abdication of Nicolas II. Of course the Bosheviks wanted to kill the capitalists on Wall Street, and the capitalists were scared to death by abdication of Nicolas II. There was no celebration of it in Carnegie Hall.
@jlowrie
The draconian financial reparations imposed on Germany at the Treaty of Versailles of 1919 by Jewish bankers caused impoverishment and mass unemployment of the German people as it was designed to do. However, this caused mass unrest and enabled to rise of Hitler and the Nazis to power. In 1933 Germany stopped paying the private bankers, and created their own debt free Deutschmarks to pay their workforce to build autobahns, Volkswagens, panzers and Messerschmidts.
The banks did not like this one bit and instructed Neville Chamberlain, the British PM, to declare war on Germany in 1939.
– On 1 September 1939, Germany invaded Poland after having staged several false flag border incidents as a pretext to initiate the invasion.[65] The first German attack of the war came against the Polish defenses at Westerplatte.[66] The United Kingdom responded with an ultimatum to Germany to cease military operations, and on 3 September, after the ultimatum was ignored, Britain and France declared war on Germany,[67] followed by Australia, New Zealand, South Africa and Canada.
It is interersting here what hurry Churchill had about declaring war on Hitler. It was done in hours.
Then I notice both New Zealand and Canada were among the WWII aggressors.
1/ There has been some studies in China estimating the foreign assets in China vs Chinese assets overseas. The conclusion is far more. That is, if US et el confiscated Chinese assets, their assets (most private) in China will also be threatened. It is not a one-way street.
2/ For a central bank that can create money out of thin air, the US treasury asset is nothing but a figure on the balance sheet. If the money issued continues to be accepted to buy, any loss of US asset is just a loss of the interest cash-flow generated, and nothing else. And China is the largest trading partners of over a hundred countries in the world. Loss of US assets will not put a dent to the credibility of RMB.
3/ The huge US treasury bills collection is a price to pay for the industrialization of China. The US corporations got huge profits, the general consumers got cheap supplies, and the US government can fight two wars financed by issuing papers to China. And in the course, the de-industrialization of the US and the building of a complete supply-chain in China.
4/ The huge US asset is a deterrent to Wall Street attack to friendly nations of China. China can easily bankroll Thailand, Malaysia, Vietnam … should another Soros attack occurs. (Sri Lanka is an Indian matter. And it is too early to move.) And in the process, China converts US assets to third world countries’ assets.
You gotta love Pepe’s creative writing style:
• Baker as Consigliere extraordinaire’
• Jens Stoltenberg, NATO top parrot’
• Secretary of State Little Blinken – Sullivan’s sidekick in the ongoing Crash Test Dummy administration’s Dumb and Dumber remake’
• IMF hostages
• boxed themselves into zugzwang
• a ceremonious tuxedo visit by Mr. Sarmat and Mr. Zircon carrying some hypersonic bubbly
Always a pleasure to read :-)
Meanwhile in the US:
‘To fight inflation, cutting tariffs on China is only the start’
‘President Biden noted that tariffs on imports from China “were imposed by the last administration” and that reducing them was “under consideration.” Earlier that month, Treasury Secretary Janet Yellen signaled her own position, asserting that President Donald Trump’s trade war tariffs on Chinese goods “impose more harm on consumers and businesses” while accomplishing nothing on issues relating to China’.
https://www.piie.com/blogs/realtime-economic-issues-watch/fight-inflation-cutting-tariffs-china-only-start
OK world, just wait until the US administration makes up its mind about the next contradiction in its foreign policy.
Russia now needs China for exports and China needs America and Europe for the their exports. This group is weakening America through high fuel and food costs to make China and Russia suffer. But to what degree are they willing to go? The scheming could lead to a catastrophe.
The idiots over in DC are willing to go the full 9 yards. They do not care of the coming catastrophe to the people. All they care is to be the last man standing even if there is nothing left to sustain themselves.
It’s adorable that these inept, arrogant fools thought China would comply with this asinine scheme of theirs.
Then again Oceania was always at war with East Asia
China cares about China.
Seems like China is a little late to the game. De-dollarization and reptriation of wealth is obviously an urgent matter of national security.
Buying up gold from as a means to de-dollarize is a potential option. China could make a loss, sure, but driving up the price of gold could collapse the West financially too.
It will be interesting to see how they de-dollarize because they will need to now given that the US looks intend on starting an issue in Taiwan by fuelling secessionist forces and thus compelling China to react as per its Anti-Secession law.
I have heard but cannot confirm that southern provinces in China are further militarizing. A sensible move with coherent logic. It suggests they know the US gambit of “fighting to the last Asian” is on the cards and they are preparing. How to repatriate their wealth, that is a key question.