Crisis in the International Monetary and Financial System
"The acute crisis of capitalism in 2019 was also reflected in warning signs regarding the international monetary and financial system (IMFS). In May 2019, the yield curve on U.S. treasuries inverted, historically a harbinger of recession (Jones, 2019).
The S&P price/earnings ratio in 2019 was the second highest of all time, even higher than in 1929 and 2007, again indicative of a coming recession (Bourbon Financial Management, 2019). CEOs obviously knew that trouble lay ahead, with record numbers resigning (Atkinson, 2019).
This was not to be just any recession, however. This was, potentially, to be a system-destroying recession (Wolff, 2021). The storm clouds had been gathering for some time, viz. the Long-Term Capital Management crisis (1998), the “global” financial crisis of 2007/8 (more accurately described as a crisis of the “Atlantic banking community” [Nesvetailova & Palan, 2008]), and the Eurozone debt crisis. First, the banks had to bail out a hedge fund; then, the public had to bail out the banks; then, sovereign nation-states went bankrupt. Since 2008, the system had been on artificial life support in the form of “quantitative easing” plus near-0% interest rates. The next major crisis always had the potential to prove fatal (Wolff, 2021).
The erstwhile Bank of England Governor, Mark Carney, warned at a meeting of the world’s most senior figures in international finance in Jackson Hole, Wyoming, in August 2019 that “the deficiencies of the IMFS have become increasingly potent. Even a passing acquaintance with monetary history suggests that this centre won’t hold” (Carney, 2019).
The previous week, BlackRock had published a seminal report arguing that conventional monetary and fiscal policies will not be enough to deal with the next economic downturn (BlackRock, 2019). The report proposes completely remaking the financial system based on the idea of “going direct,” i.e. abolishing the split-circuit system that keeps central bank reserves and retail money separate (as is necessary for a democratic system of “no taxation without representation”) and instead establishing a direct connection between central banks and individuals’ private accounts.
This is what the drive towards central bank digital currencies (CBDC, cf. Strohecker, 2023) is all about, with the public having been primed for the rollout of digital currency via the cryptocurrency mania of the 2010s (the crucial difference being that CBDC will be centralised rather than decentralised). If implemented, central banks will be able to freeze individuals’ bank accounts, or take money out of them, or impose conditions on the way that “money” (just a voucher system by this point) is spent, and no financial transaction anymore will be private (Davis, 2023). Put bluntly, it is a system of financial enslavement, more “direct” than “debt slavery.” Dissidents will be financially outcast, as already indicated by the abortive move to freeze Canadian truckers’ bank accounts and those of their supporters in January 2022.
On September 17, 2019, a crisis in the U.S. repo market saw the secured overnight lending rate briefly hit 10% (vs. its prior 2019 rate of 2–3%), prompting the Federal Reserve to step in and provide additional liquidity. As Titus (2021) demonstrates based on Federal Reserve activity, this was the moment when the decision was made to put the “Going Direct” plan into action, and with it the entire manufactured “Covid-19” crisis: “It’s easy if not trivial to look at a timeline of monetary events and see that the official monetary response to the ‘coronavirus pandemic’ went into effect before there even was a pandemic.”
- David A. Hughes, "COVID-19", Psychological Operations and the War for Technocracy" (Pages 11-12)
Never have I been so glad I have lived my life tv free, and that I turned the radio off in April 2020, never to listen to it again. Even without the so called 'news' programs - which I turned off from the radio - I was keenly aware that we were being controlled covertly, by the choice of music directing our emotions and the comments and general discourse interspersed between. I have been spared all this nonsense and I find it chilling to read even some of the details. I am aware that I am cynical and called paranoid. I feel with good reason, and to read about this in such detail substantiates my position more and more as time goes on.
Some folk listened to my concerns at the time, though it was very hard wok to free them from the lies. Most called me daft and far too many cut me off, friends and family alike. Alas, too many are now dead. I wish they had turned off the propaganda, overt as it was, and given considerations to my perspective. It may have given them a chance. I for one cannot see how other people could not see it all for what it clearly was. But I have not been trained all my life by the box in the corner. So sad.
Let's hope it ultimately backfires on them. Somehow I don't think it will.
Diabolical. The cabal were telling people "you're killing granny" when indeed it was they themselves who were killing granny. Midazolam, isolation, starvation. All the nursing home deaths were murder most foul. And what is most disturbing to me is that the evil schemers were not the ones keeping the elderly in isolation, were not the ones denying access to early treatment, etc. That was all done by your average Joe and Jane. I just can't wrap my mind around it. Still.
This is precisely why I have contempt and disgust for anyone who still believes the covid lies, wears a muzzle, or parrots any of their trigger phrases such as "stay safe!".
This IS psychological warfare, and I consider all of them enemy combatants. It is past time to wake up and resist this evil, to defend our freedom and that of our children.
I can't claim that "I knew all about it all along," but the blanket deployment of deeply intrusive behavioral science methodology was obvious to me and anyone else with even the faintest of interest in the subject, by the end of the first month of lockdown.
The "who" and the "how" were fairly obvious fro the beginning, but the "why" (beyond the usual self-interest) was not.
It is only by virtue of you and a small army of kindred spirits digging into the minutiae, that we are now beginning to understand some of the details pointing the way to "why."
Many thought they had it nailed down right from the beginning, but what they had were speculative hypotheses, not verified facts in a sufficiency from which to draw unequivocal conclusions.
We're not even halfway through the experiment at this point.
If the media is tightly controlled, and the majority still watches the controlled media instead of doing their own research such that they can more longer listen to anyone else who is not a medical professional wearing a white jacket or their favorite news commentator, what can we do?
Crisis in the International Monetary and Financial System
"The acute crisis of capitalism in 2019 was also reflected in warning signs regarding the international monetary and financial system (IMFS). In May 2019, the yield curve on U.S. treasuries inverted, historically a harbinger of recession (Jones, 2019).
The S&P price/earnings ratio in 2019 was the second highest of all time, even higher than in 1929 and 2007, again indicative of a coming recession (Bourbon Financial Management, 2019). CEOs obviously knew that trouble lay ahead, with record numbers resigning (Atkinson, 2019).
This was not to be just any recession, however. This was, potentially, to be a system-destroying recession (Wolff, 2021). The storm clouds had been gathering for some time, viz. the Long-Term Capital Management crisis (1998), the “global” financial crisis of 2007/8 (more accurately described as a crisis of the “Atlantic banking community” [Nesvetailova & Palan, 2008]), and the Eurozone debt crisis. First, the banks had to bail out a hedge fund; then, the public had to bail out the banks; then, sovereign nation-states went bankrupt. Since 2008, the system had been on artificial life support in the form of “quantitative easing” plus near-0% interest rates. The next major crisis always had the potential to prove fatal (Wolff, 2021).
The erstwhile Bank of England Governor, Mark Carney, warned at a meeting of the world’s most senior figures in international finance in Jackson Hole, Wyoming, in August 2019 that “the deficiencies of the IMFS have become increasingly potent. Even a passing acquaintance with monetary history suggests that this centre won’t hold” (Carney, 2019).
The previous week, BlackRock had published a seminal report arguing that conventional monetary and fiscal policies will not be enough to deal with the next economic downturn (BlackRock, 2019). The report proposes completely remaking the financial system based on the idea of “going direct,” i.e. abolishing the split-circuit system that keeps central bank reserves and retail money separate (as is necessary for a democratic system of “no taxation without representation”) and instead establishing a direct connection between central banks and individuals’ private accounts.
This is what the drive towards central bank digital currencies (CBDC, cf. Strohecker, 2023) is all about, with the public having been primed for the rollout of digital currency via the cryptocurrency mania of the 2010s (the crucial difference being that CBDC will be centralised rather than decentralised). If implemented, central banks will be able to freeze individuals’ bank accounts, or take money out of them, or impose conditions on the way that “money” (just a voucher system by this point) is spent, and no financial transaction anymore will be private (Davis, 2023). Put bluntly, it is a system of financial enslavement, more “direct” than “debt slavery.” Dissidents will be financially outcast, as already indicated by the abortive move to freeze Canadian truckers’ bank accounts and those of their supporters in January 2022.
On September 17, 2019, a crisis in the U.S. repo market saw the secured overnight lending rate briefly hit 10% (vs. its prior 2019 rate of 2–3%), prompting the Federal Reserve to step in and provide additional liquidity. As Titus (2021) demonstrates based on Federal Reserve activity, this was the moment when the decision was made to put the “Going Direct” plan into action, and with it the entire manufactured “Covid-19” crisis: “It’s easy if not trivial to look at a timeline of monetary events and see that the official monetary response to the ‘coronavirus pandemic’ went into effect before there even was a pandemic.”
- David A. Hughes, "COVID-19", Psychological Operations and the War for Technocracy" (Pages 11-12)
Traumatising in the extreme.
Never have I been so glad I have lived my life tv free, and that I turned the radio off in April 2020, never to listen to it again. Even without the so called 'news' programs - which I turned off from the radio - I was keenly aware that we were being controlled covertly, by the choice of music directing our emotions and the comments and general discourse interspersed between. I have been spared all this nonsense and I find it chilling to read even some of the details. I am aware that I am cynical and called paranoid. I feel with good reason, and to read about this in such detail substantiates my position more and more as time goes on.
Some folk listened to my concerns at the time, though it was very hard wok to free them from the lies. Most called me daft and far too many cut me off, friends and family alike. Alas, too many are now dead. I wish they had turned off the propaganda, overt as it was, and given considerations to my perspective. It may have given them a chance. I for one cannot see how other people could not see it all for what it clearly was. But I have not been trained all my life by the box in the corner. So sad.
Let's hope it ultimately backfires on them. Somehow I don't think it will.
Thank you Unbekoming.
Diabolical. The cabal were telling people "you're killing granny" when indeed it was they themselves who were killing granny. Midazolam, isolation, starvation. All the nursing home deaths were murder most foul. And what is most disturbing to me is that the evil schemers were not the ones keeping the elderly in isolation, were not the ones denying access to early treatment, etc. That was all done by your average Joe and Jane. I just can't wrap my mind around it. Still.
This is precisely why I have contempt and disgust for anyone who still believes the covid lies, wears a muzzle, or parrots any of their trigger phrases such as "stay safe!".
This IS psychological warfare, and I consider all of them enemy combatants. It is past time to wake up and resist this evil, to defend our freedom and that of our children.
I can't claim that "I knew all about it all along," but the blanket deployment of deeply intrusive behavioral science methodology was obvious to me and anyone else with even the faintest of interest in the subject, by the end of the first month of lockdown.
The "who" and the "how" were fairly obvious fro the beginning, but the "why" (beyond the usual self-interest) was not.
It is only by virtue of you and a small army of kindred spirits digging into the minutiae, that we are now beginning to understand some of the details pointing the way to "why."
Many thought they had it nailed down right from the beginning, but what they had were speculative hypotheses, not verified facts in a sufficiency from which to draw unequivocal conclusions.
We're not even halfway through the experiment at this point.
If the media is tightly controlled, and the majority still watches the controlled media instead of doing their own research such that they can more longer listen to anyone else who is not a medical professional wearing a white jacket or their favorite news commentator, what can we do?