Economic Articles from 2020
Architects of Power: How the Global Elite Profit from Extreme Inequality & Pre-empt the Backlash
By Dr Tim Coles
Posted September 14, 2020
There is a new, mega-rich global elite consisting of a small number of billionaires and multibillionaires. Many of them made their money in the technology sector. Others play financial markets or inherit fortunes. They are wealthier and more powerful than some entire nation-states.
The mega-rich deliberately order the world in ways that guarantee their wealth by institutionalising inequality. Occasionally, this is admitted. In 1997, a book published by the Royal Institute for International Affairs in the UK acknowledged: “The present international order may not be the best of all possible worlds, but for one of the ‘fat cats of the West’ enjoying a privileged position in an international society that is structured and organised in ways which perpetuate those privileges, there are good reasons for not pursuing radical change.” More…
It’s Critical To Understand That The Goal Is “Full Control By The Federal Reserve”
by Mac Slavo
Posted September 3, 2020
Greg Mannarino, who is asking people to put politics aside and look at the reality of the situation, is once again, trying to teach the public a powerful lesson. We do not elect presidents. They are selected and the Federal Reserve will make the decision.
“That’s the game. They don’t want you to be able to think, they don’t want you to be able to speak, or anything. It’s they’re in control and that’s it.” BUT as I have repeatedly pointed out, and Mannarino says too, once you know this, you’re in control! Empower yourself instead of playing into the false left vs. right paradigm. “You’re in control. Let me explain that to you. If you realize, that by understanding and having a clear picture of what the bigger picture is here, and you know what is: full control of the global markets by the Federal Reserve, who is running the entire charade right now. It’s simple. It’s the Wall Street banks and the Fed that are running the world. And they will do whatever they want. They will get whoever they want in office. That’s it.”
And it really is that simple, folks. Wake up. Life is a lot easier once you look beyond political and past the smoke in mirrors circus of political theatre. More…
Let the Banks Go Under and Put Money Into the Real Economy
by Michael Hudson & Ellen Brown
Posted August 30, 2020
Remember, the Federal Reserve helicopter only flies over Wall Street. It doesn’t fly over the economy. All this $4.5 trillion of quantitative easing, and all the $2 trillion that it’s created under the Trump by the CARES Act – all this could have been spent into the real economy. It could have been spent building infrastructure. It could have been spent supporting basic income. It could have been spent on the people and Main Street. Instead, it was only spent on Wall Street.
The idea is that if you buy an asset, you can always make a profit. That created the middle class from 1945 to about 2008. The way that almost all the middle-class wealth in America was accumulated was through the rising price of housing. In other words, every family that bought a house had to pay more and more of its income, and a higher and higher price to get a house. That’s enriched the people who were fortunate enough to have been able to buy real estate in 1945: white people, not blacks, not Hispanics; they were red-lined. But if you were a white person with a job, you could get onto the middle-class debt treadmill, and actually make it work for you – for a while. More…
Lockdowns, Coronavirus, and Banks: Following the Money
by Anthony James Hall
Posted August 25, 2020
It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.
A presentation in August of 2019 by the Wall Street leviathan, BlackRock Financial Management, provides a telling indicator of foreknowledge. It was well understood by many insiders in 2019 that a sharp economic downturn was imminent.
At a meeting of central bankers in Jackson Hole Wyoming, BlackRock representatives delivered a strategy for dealing with the future downturn. Several months later during the spring of 2020 this strategy was adopted by both the US Treasury and the US Federal Reserve. BlackRock’s plan from August of 2019 set the basis of the federal response to the much-anticipated economic meltdown. More…
The Global Reset – Unplugged. “The Deep State”
By Peter Koenig
Posted August 25, 2020
Mind you, it’s all connected. There are no coincidences. The infamous Agenda 2021 which coincides with and complements the so-called (UN) Agenda 2030, will be duly inaugurated by the WEF’s official declaration of The Great Reset, in January 2021. Similarly, the implementation of the agenda of The Great Reset began in January 2020, by the launch of the corona pandemic – planned for decades with the latest visible events being the 2010 Rockefeller Report with its “Lockstep Scenario”, and Event 201, of 18 October in NYC which computer-simulated a corona pandemic, leaving within 18 months 65 million deaths and an economy in ruin, programmed just a few weeks before the launch of the actual corona pandemic. See COVID-19, We Are Now Living the “Lock Step Scenario” and this and this.
The ruling elite used the lockdown as an instrument to carry out this agenda. Its implementation would naturally face massive protests, organized and funded along the same lines as were the BLM protests and demonstrations. They may not be peaceful – and may not be planned as being peaceful. Because to control the population in the US and in Europe, where most of the civil unrest would be expected, a total militarization of the people is required. This is well under preparation. More…
Welcome to the Crazed, Frantic Demise of Finance Capitalism
By Charles Hugh Smith
Posted August 24, 2020
The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic.
When scams start unraveling, the scammers become increasingly frantic to maintain the illusion of legitimacy and the delusion of guaranteed gains that are the lifeblood of every scam. One sure sign that the flim-flam is about to collapse is the manic rise of FOMO, fear of missing out, as the scammers jam the Ponzi scheme’s stellar returns to new extremes.
How did outright fraud come to dominate our economy? The answer is simple: infinite greed plus the decline of gains from “real capitalism,” i.e. increasing productivity via producing goods and services. The appeal of something for nothing is irresistible when “money” can be printed / borrowed out of thin air and used to run a fraud that exploits human greed. More…
Bank of England Governor Signals Central Bank Digital Currency is Coming
by Steven Guinness
Posted August 23, 2020
As confirmed by several economic outlets, including Bloomberg, Bank of England governor Andrew Bailey took part in a VTALK with students this past Monday for Speakers for Schools. When the subject of digital currency came up, Bailey said:
“We are looking at the question of, should we create a Bank of England digital currency. We’ll go on looking at it, as it does have huge implications on the nature of payments and society. I think in a few years time, we will be heading toward some sort of digital currency.”
Whilst only a short quote, there are several strands to pick up on here. Bailey admits that introducing a CBDC would have ‘huge implications on the nature of payments and society‘. On the payments front, the BOE are pushing the narrative that any CBDC offering would be a ‘complement‘ to cash. It would not, according to them, mean that cash would be withdrawn from circulation. But as I have noted previously, the General Manager of the BIS, Agustin Carstens, made clear in 2019 that in a CBDC world ‘he or she would no longer have the option of paying cash. All purchases would be electronic. More…
COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society?
By John W. Whitehead
Posted August 19, 2020
As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce or using digital forms of currency (bank cards, digital wallets, etc.). As a result, physical cash is no longer king.
Yet there are other, more devious, reasons for this re-engineering of society away from physical cash: a cashless society—easily monitored, controlled, manipulated, weaponized and locked down—would play right into the hands of the government (and its corporate partners).
To this end, the government and its corporate partners-in-crime have been waging a subtle war on cash for some time now. What is this war on cash?
It’s a concerted campaign to shift consumers towards a digital mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient. More…
Why Sweden Succeeded in “Flattening the Curve” and New York Failed
by Jon Miltimore
Posted August 18, 2020
Coronavirus deaths have slowed to a crawl in Sweden. With the exception of a single death on July 13, no deaths in this nation of 10 million have been reported since July 10.
But the debate over Sweden’s approach to the COVID-19 pandemic, which relied on individual responsibility instead of government coercion to maintain social distancing, is far from over.
Last week, The New York Times labeled Sweden’s approach to the pandemic a “cautionary tale” for the rest of the world, claiming it “yielded a surge of deaths without sparing its economy from damage.”
To be accurate, Sweden has outperformed many nations around the world with its “lighter touch” approach and was one of the few nations in Europe to see its economy grow in the first quarter of 2020. More…
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