If one observes the long game the dominant Narrative of the past 30 years is Climate Change and CO2 emission being the only thing anyone needs to focus on. The Carbon footprint narrative is by a long chalk well ahead of the curve even with the relatively short but seemingly endless Pandemic and Vaccine Narratives of the Past two years. Naming names, Larry Fink of Blackstone and Blackstones Going Direct is considerably more powerful a control lever on what happens next than the efforts of Bill Gates and Dr. Fauci to enrich Big Pharma and themselves, Gates also has a bigger card in the game, and that is Digital ID and its relationship to both Near earth Satellite networks and the 5G networks, which coincidentally really were rolling out at the Same Time as the Wuhan Event, also in coincidentally? Wuhan. The Vaccines and Vaccine Injury are very much closely related to the Adjuvants and not necessarily the Pathogen dose delivered in the solution of the Adjuvant. It is the Adjuvant rather than the disease that is of interest to the 5G / ID aspects of what the past two years have really been all about. The Repo Spike in Newyork on September 19th, 2019 was the starting pistol, of course, the dress rehearsal was Event 201, The Objective was almost certainly to gain widespread acceptance of Digital IDs on SmartPhone devices and possibly by stealth through Nanotechnology, within the Adjuvant solutions in the MRNA vaccines( Experimental Gene Therapies?). So what about Climate Change, CO2, and all that, no it’s not the Graphine found in some adjuvant samples but the Rationing of Carbon through a Carbon-based currency which is why the Climate Change Agenda particularly the CO2 control knob is so important. The ratio of Good Energy ( renewables) for which Carbon Credits will be created and Bad Energy of “Fossil Fuels which represent Carbon debits, is 16:1. There are various combinations that could see the ratio vary but essentially as with The Gold Standard a Carbon Credit Renewables Standard has the same ratio as the Historical Bi-Metallic ratio known to numasticist’s the world over. A deflationary centralised banking regime will be able to impose Austerity to an authoritarian extent extending to a population control mechanism. This is a far more likely delivery mechanism for Rapid population reduction policies than any Vaccination regime, Famine equally, is a far more effective and efficient means of population reduction than certainly War or any other form of genocide, also for the Authoritarian regime deploying it, it is also complete with a shield of plausible deniability.
The Monetary Tactics of the Banking Oligarchy ( TO 1933)
The inability of the investment bankers and their industrial allies to control the Democratic Convention of 1896 was a result of the agrarian discontent of the period 1868-1896. This discontent in turn was based, very largely, on the monetary tactics of the banking oligarchy. The bankers were wedded to the gold standard for reasons we have already explained. Accordingly, at the end of the Civil War, they persuaded the Grant Administration to curb the postwar inflation and go back on the gold standard (crash of 1873 and resumption of specie payments in 1875). This gave the bankers a control of the supply of money which they did not hesitate to use for their own purposes, as Morgan ruthlessly pressurized Cleveland in 1893-1896. The bankers’ affection for low prices was not shared by the farmers, since each time prices of farm products went down the burden of farmers’ debts (especially mortgages) became greater. Moreover, farm prices, being much more competitive than industrial prices, and not protected by a tariff, fell much faster than industrial prices, and farmers could not reduce costs or modify their production plans nearly so rapidly as industrialists could.
The result was a systematic exploitation of the agrarian sectors of the community by the financial and industrial sectors. This exploitation took the form of high industrial prices, high (and discriminatory) railroad rates, high interest charges, low farm prices, and a very low level of farm services by railroads and the government. Unable to resist by economic weapons, the farmers of the West turned to political relief, but were greatly hampered by their reluctance to vote Democratic (because of their memories of the Civil War). Instead, they tried to work on the state political level through local legislation (so-called Granger Laws) and set up third-party movements (like the Greenback Party in 1878 or the Populist Party in 1892). By 1896, however, agrarian discontent rose so high that it began to overcome the memory of the Democratic role in the Civil War. The capture of the Democratic Party by these forces of discontent under William Jennings Bryan in 1896, who was determined to obtain higher prices by increasing the supply of money on a bimetallic rather than a gold basis, presented the electorate with an election on a social and economic issue for the first time in a generation. Though the forces of high finance and of big business were in a state of near panic, by a mighty effort involving large-scale spending they were successful in electing McKinley.
Money Power Seeks to Control Both Political Parties
“NEXT PLUNG’D A FEEBLE, BUT A DESP’RATE PACK, WITH EACH A SICKLY BROTHER AT HIS BACK: SONS OF A DAY! JUST BUOYANT ON THE FLOOD, THEN NUMBER’D WITH THE PUPPIES IN THE MUD. ASK YE THEIR NAMES? I COULD AS SOON DISCLOSE THE NAMES OF THESE BLIND PUPPIES AS OF THOSE.”(B 305–310)
There is one direction in which Mr Streit’s proposals are open to improvement. Let us turn to another in which he does not seem to have realised all the implications of his proposal. This great Union is to have a union money and a union customs-free economy. What follows upon that? More I think than he realises.
There is one aspect of money to which the majority of those that discuss it seem to be incurably blind. You cannot have a theory of money or any plan about money by itself in the air. Money is not a thing in itself; it is a working part of an economic system. Money varies in its nature with the laws and ideas of property in a community. As a community moves towards collectivism and communism, for example, money simplifies out. Money is a necessary in a communism as it is in any other system, but its function therein is at its simplest. Payment in kind to the worker gives him no freedom of choice among the goods the community produces. Money does. Money becomes the incentive that “works the worker” and nothing more. Ed. NB
But directly you allow individuals not only to obtain goods for consumption, but also to obtain credit to produce material for types of production outside the staple productions of the state, the question of credit and debt arises and money becomes more complicated.
Here and there in the book, though not often, there are references to the ‘dependencies’ of the democratic states. ‘Dependencies’ means subject races. It is explained that they are to go on being dependencies, that their resources are to be pooled among the states of the Union, and that their coloured inhabitants will lack the right to vote in Union affairs. Except where the tables of statistics bring it out, one would never for a moment guess what numbers of human beings are involved. India, for instance, which contains more inhabitants than the whole of the ‘fifteen democracies’ put together, gets just a page and a half in Mr Streit’s book, and that merely to explain that as India is not yet fit for self-government the status quo must continue. And here one begins to see what would really be happening if Mr Streit’s scheme were put into operation. The British and French empires, with their six hundred million disenfranchised human beings, would simply be receiving fresh police forces; the huge strength of the USA would be behind the robbery of India and Africa. Mr Streit is letting cats out of bags, but all phrases like ‘Peace Bloc’, ‘Peace Front’, etc contain some such implication; all imply a tightening-up of the existing structure. The unspoken clause is always ‘not counting niggers’. How can we make a ‘firm stand’ against Hitler if we are simultaneously weakening ourselves at home? In other words, how can we ‘fight Fascism’ except by bolstering up a far vaster injustice?
For of course it is vaster. What we always forget is that the overwhelming bulk of the British proletariat does not live in Britain, but in Asia and Africa. It is not in Hitler’s power, for instance, to make a penny an hour a normal industrial wage; it is perfectly normal in India, and we are at great pains to keep it so. One gets some idea of the real relationship of England and India when one reflects that the per capita annual income in England is something over £80, and in India about £7. It is quite common for an Indian coolie’s leg to be thinner than the average Englishman’s arm. And there is nothing racial in this, for well-fed members of the same races are of normal physique; it is due to simple starvation. This is the system which we all live on and which we denounce when there seems to be no danger of its being altered. Of late, however, it has become the first duty of a ‘good anti-Fascist’ to lie about it and help to keep it in being.
What real settlement, of the slightest value, can there be along these lines? What meaning would there be, even if it were successful, in bringing down Hitler’s system in order to stabilize something that is far bigger and in its different way just as bad?
But apparently, for lack of any real opposition, this is going to be our objective. Mr Streit’s ingenious ideas will not be put into operation, but something resembling the ‘Peace Bloc’ proposals probably will. The British and Russian governments are still haggling, stalling and uttering muffled threats to change sides, but circumstances will probably drive them together. And what then? No doubt the alliance will stave off war for a year or two. Then Hitler’s move will be to feel for a weak spot or an unguarded moment; then our move will be more armaments, more militarization, more propaganda, more war-mindedness — and so on, at increasing speed. It is doubtful whether prolonged war-preparation is morally any better than war itself; there are even reasons for thinking that it may be slightly worse. Only two or three years of it, and we may sink almost unresisting into some local variant of austro-Fascism. And perhaps a year or two later, in reaction against this, there will appear something we have never had in England yet — a real Fascist movement. And because it will have the guts to speak plainly it will gather into its ranks the very people who ought to be opposing it.
Orwell summarises Burnham’s ideas in The Managerial Revolution and The Machiavellians and highlights inconsistencies. He believed Burnham was fascinated by power and was sympathetic to Nazi Germany while they appeared to be winning, but by 1944 had transferred his sympathy to the USSR. He noted, however, that the theme of a new (and probably servile) society—neither capitalist nor socialist—was predicted in many works such as Belloc’s The Servile State, and dystopian novels such as Wells’ The Sleeper Awakes, Zamyatin’s We and Huxley’s Brave New World.
Capitalism is disappearing, but Socialism is not replacing it. What is now arising is a new kind of planned, centralised society which will be neither capitalist nor, in any accepted sense of the word, democratic. The rulers of this new society will be the people who effectively control the means of production: that is, business executives, technicians, bureaucrats and soldiers, lumped together by Burnham, under the name of ‘managers’. These people will eliminate the old capitalist class, crush the working class, and so organise society that all power and economic privilege remain in their own hands. Private property rights will be abolished, but common ownership will not be established. The new ‘managerial’ societies will not consist of a patchwork of small, independent states, but of great super-states grouped round the main industrial centres in Europe, Asia, and America. These super-states will fight among themselves for possession of the remaining uncaptured portions of the earth, but will probably be unable to conquer one another completely. Internally, each society will be hierarchical, with an aristocracy of talent at the top and a mass of semi-slaves at the bottom.
END OF OWNERSHIP, CIRCULAR ECONOMY PROOF OF BRAIN AND PRIMARY, INTERMEDIARY AND CONSUMPTION ENERGY TOKENS. A FRAMEWORK EVOLVES.
If one just accepts that there is nothing to redeem the existing Finance System getting on with rebasing money to either Joules or KWH equivalents in the three categories of Primary Intermediary and consumption and noting the Hoarding aspects of energy in long-term capital assets and applying something akin to the single land tax on them, we really can get somewhere near to a sustainable Birth Right economy. Where it gets very interesting is in the Information economy where shared knowledge doubles the knowledge it does not half it. Richard Stallman (GNU) often makes that very point. To satisfy the need for Status in the Social Animal humankind ( see Pigou Dalton Principle for a Theoretical framework for Taxation boundary conditions. ) Anyhow it is in the space of non-monetised social interactions where the second sort of discretionary token can be created on a blockchain providing the necessary ornament and display trinkets that determine the mating game? I will not elaborate here but Forres / Lagom the community system I have been working on has the idea that it is Mineable or winnable or giftable, The Distributed computing platform Steemit has something called proof of Brain which is a species of the sort of online social success measure which can easily be monetised to provide a competitive element to the Production of both the Birth Right token and the Discretionary speculative mating game side of the sustainable circular economy.
HALF THE WORLD’S METALLIC MONEY DESTROYED Alexander Del Mar, estimated that the silver demonetizations cut Europe’s money supply in half: “Mr. Carlisle (later Secretary of the Treasury, 1893-97) said in the House of Representatives, February 2 ISt, 1878, ‘The conspiracy which seems to have been formed here and in Europe to destroy by legislation and otherwise, from three-sevenths to one-half of the metallic money of the world, is the most gigantic crime of this or any other age.”, 19TH CENTURY MONETARY CRIMES-THE GREAT DEFLATIONS p.485 Zarlega Lost Science of Money
This is an excellent article and analysis. The driving motivation behind the accelerated rush to a Techno Fascist Feudalism has been occupying my mind for the years leading up to the Repo Spike in New York in September 2019. In the Financialised economy and with the CBDC push tied to Digital IDs, we see a symptom of the appearance of what the system is trying to preserve, namely itself and its Monopoly ingroup. The real economy is put in the position of trying to make bricks without straw, a misallocation of resources, and the Credit tokens to acquire those resources. The Dominant Resource that ties the Financial system’s real potential to the Real potential of the real economy is the Flow of Energy resources and Primary resources through the economy. It would seem that a Hard limit on available energy to sustain the present industrial output of the global economy has been hit ( Not due to peak oil or even peak cheap peak oil but to Peak disinvestment in Hydro Carbons)*, what seems inexplicable is the Priorities touted in narratives regarding Why our largest Energy Sources the Hydro Carbons, Gas, Oil, and Coal, and the largest potential replacement for them Nuclear are being demonised?
https://drive.google.com/file/d/1sYJ4CFfKtqGFOoWPWjIDHIaONXNnCpI7/view?usp=sharing (ED, arch 2023, ISSU embed replaced with cloud document , ISSU account now closed.) Central Bank Coup Det Tat. The Central Bank Balance Sheet Pandemic. UK Banks and Bank of England Balance Sheet Ratio 2010 350,000,000,000 central bank 4,000,000,000,000 banks 8.75%
September 2021 1,000,000,000,000 cb 4,200,000,000,000 banks 23.81%
us Fed 2008 balance sheet 1 Trillion 2021 8 Trillion Us Private banks balance sheet 2008 10 Trillion 2021 22trillion
from 10% to 33% from 1/10th to 1/3rd
Conclusion Princes of The Yen.
With the end of the Cold War, traditional politicians have lost out to central bankers as the driving force in the world. Central bank decisions can open the floodgates for capital flows to pour into one market and out of another, redenominating prices, quantities, and currencies. As the movement to strengthen the independence of central banks has gained momentum, the discreet individuals in dark suits, who are not known for verbosity, have become the de facto rulers over economies, countries, and regions. They create booms, busts, and crises; they reflate and deflate, appreciate and devalue, affecting the daily lives of millions of people.
“Facebook seems to have removed the FB Live video i did with 23,000 views in which I warn that ‘vaccine passports’ are ACTUALLY a ‘social credit system.’ So I’ll pin this here, another version of the same warning”. Naomi Wolf’ Dr Naomi Wolf @naomirwolf its a Digital bank passport not a vaccine passport #QED.
The pandemic presented forensically for what it is, namely, a massive theatrical edifice intended to distract popular attention away from the fact that criminal bankers running the monetary system are making a concerted push toward full-on totalitarianism through monetary and financial control.
Special thanks to Robert D. for removing the air conditioner from the audio track.
References
(1) BIS General Manager Agustin Carstens explains with gusto that central banks will have full control over retail CBDC transactions, including ability to block individual transactions:
The Failure of Aadhaar and the Rise of Feudal Techno-Rationing Systems Aadhaar, the world’s largest biometric database, has been touted as a revolutionary identification system that would prevent fake people from enrolling on government payrolls. However, the Aadhaar system has faced criticism for its potential to infringe on privacy and human rights. Th…
Regular Thaler’s Corner readers are well aware of the importance I assign to money circulation, as per the famous MV of MV=PQ equation, which has enabled to avoid a good number of pitfalls in recent years.
But it is crucial to view this equation in the context of today’s real world, and not as some of our Stone Age monetarists would have us believe, with a more or less stable V, and a confusion between money supply and monetary base!
As such, my approach is at the polar opposite of that adopted in the ECB statutes. I admit to taking cruel pleasure in citing the relevant excerpts (emphasis mine, link here)
Essentially this is a post showing the Bricks Without Straw, “Straw-manness” of the pseudo sovereign debt crisis that has been in preparation since the 2008 GFC.
This book is buried buried buried. This book is a sensational deconstruction of the myths of scarcity and the creation of artificial scarcity to maintain a cartel that spans energy and Exchange.
” in the long run, the antitrust approach offers greater protection to the public interest than any conceivable form of regulation. In mutual dislike rather than in mutual understanding there is strength. Moreover, by making an industry’s behavior depend on the judgment and actions of many buyers and sellers, the competitive approach minimizes the harm that can be done by any small group of individuals, thereby making influence and corruption more cumbersome, expensive, and of most importance, ineffective. “
Would that we had listened and learned from the book published in 1976.
When the Blair book the subject of this post first appeared it had, of course, to be smeared, He died so suddenly after its publication that the Smear had to be published posthumously but here it is nevertheless
JOURNAL ARTICLE
Review: Reviewed Work: The Control of Oil by John BlairReview by: Darius W. Gaskins, Jr. , John R. Haring, Jr. , William A. Vogely
