The global financial system is complex but some things are easy to grasp. First, it’s deliberately opaque. Ownership of many central banks isn’t a matter of public knowledge. Most people don’t even understand that these institutions aren’t organs of national governments as their names imply.
When Americans hear “federal reserve” they think federal government and when they see the chairman on the news at a congressional hearing, they assume this is the same thing as when government officials and military officers are browbeaten by the legislators holding the purse strings. It’s not.
However, one can easily comprehend that if a private, secretive, and unaccountable cartel is in control of the money supply, it can rip everybody else off and acquire anything. That’s why mainstream media and academia, along with nearly all elected officials, never bring this up. Just like every other asset of influence, they’re under the ownership of those who control the money. When it’s all for sale, controlling the money gives you everything. Everything works to keep you in control of the money. It’s obvious why something so obvious isn’t a topic for respectable discourse.
That’s not such a good deal for the rest of us, so if the general public is made aware, they get pissed and action is taken. This has happened in both the United States and Europe. If your curiosity is piqued, perhaps a cursory introduction could start with reading into the presidency of Andrew Jackson and the career of a former German Army corporal.
Second, the system is marketed as providing stability so that we don’t suffer from a catastrophic crisis. We keep going from one to the next, demonstrating repeatedly that this was a canard to sell the imposition of a swindle that the public would never accept if the truth was made plain. Unlike asteroid impacts, financial catastrophes are subjective events. In 2008, things went fine for most big banks while it was the end for many smaller businesses.
Third, the system is based on debt and thus requires perpetual expansion to avoid implosion. Concordantly, we live on a finite planet with an energy supply that is growing more expensive and a population of intelligent, net-contributor humans that is shrinking.
The largest demographic segment of both Europeans and East Asians is currently exiting the workforce and becoming a burden on balance sheets. The generations behind them are progressively smaller. The introduction of the vax is when the contractions became truly frightening. In other words, the system is fundamentally unsustainable regardless of everything else discussed in the previous paragraphs.
Fourth, China and Russia are now at existential odds with it because they’ve realized no accommodation can be reached. They’re luring pivotal nations such as Iran, Saudi Arabia, and India into their orbit. They have the world’s largest economy, resource base, and military industrial complex with which to assert themselves. Moreover, they’re able to do whatever they determine to be in their interests rather than being constrained by Zionist projects.
They’re outspoken that this system seeks their destruction due to their sovereignty in addition to the usual grievances about getting ripped off. Both Putin and senior Chinese officials have made it clear that because the system is unsustainable, plunder is a tool of its survival. They’ve vowed to never be plundered again (the aforementioned corporal expressed similar sentiments).
In considering this matter, it helps to keep in mind the Triffin Dilemma experienced by the U.S. Since the dollar is the global reserve currency, large trade deficits must be run in order to supply the rest of the world with sufficient dollars to facilitate trade.
What they seem to be angling for is not to replace the dollar, but rather to divorce themselves from the West and bring as many other non-Western countries as possible into their new order. Look up the Belt & Road Initiative (BRI) and the Shanghai Cooperation Organization (SCO) for details on how that would work.
In summary, we don’t have an honest accounting of all the variables and objectives of the global financial system. That’s on purpose. However, we can see that it wasn’t established for the benefit of more than 99% of humanity and it isn’t sustainable. Moreover, it’s entering into a period of confrontation with an emerging rival just as the latest crisis seems to be getting underway. Therefore, it’s reasonable to expect serious trouble ahead. The details remain to be seen.
I’m proud to officially announce my candidacy for the office of Dogcatcher.
“a former German Army corporal”. Unser seeliger Adolf. (sigh).
thanks, interesting read
I see this “Wall Street Silver” twitter account being linked to by a bunch of /our guys/, he must be legit. Props for inclusion of the funny meme image