Category Archives: World Economic Forum (WEF)

Monkeypoxmania

Lock yourselves down inside your homes! Break out the masks and prophylactic face-shields! Switch off what’s left of your critical faculties and prepare yourselves to “follow the Science!”

Yes, that’s right, just as the survivors of The Simulated Apocalyptic Plague of 2020-2021 were crawling up out of their Covid bunkers and starting to “build the world back better,” another biblical pestilence has apparently been unleashed on humanity!

This time it’s the dreaded monkeypox, a viral zoonotic disease endemic to central and western Africa that circulates among giant pouched rats, squirrels, dormice, and other rodents and has been infecting humans for centuries, or millennia. Monkeypox causes fever, headaches, muscle aches, and sometimes fluid-filled blisters, tends to resolve in two to four weeks, and thus poses absolutely zero threat to human civilization generally.

The corporate media do not want to alarm us, but it is their duty as professional journalists to report that THE MONKEYPOX IS SPREADING LIKE WILDFIRE! OVER 100 CASES OF MONKEYPOX have been confirmed in countries throughout the world! MONKEYPOX TASK FORCES are being convened! Close-up photos of NASTY-LOOKING MONKEYPOX LESIONS are being disseminated! The President of the United States says “EVERYBODY SHOULD BE CONCERNED!”

The WHO is calling it “a multi-country monkeypox outbreak!” Belgium has introduced a mandatory quarantine. The CDC has gone to “Alert Level 2!” “Enhanced precautions” are recommended! In New York City, the nexus of probably the most paranoid, mask-wearing, quadruple-“vaccinated” New Normal fanatics on the face of the planet, the Department of Health is instructing everyone to wear the masks they are already wearing to protect them from both Covid and monkeypox, and smallpox, and largepox, and airborne cancer, and God knows what other horrors might be out there!

Here in the capital of New Normal Germany, Karl Lauterbach, who, despite wasting hundreds of millions of Euros on superfluous “vaccines,” attempting to compulsorily “vaccinate” every man, woman, and child in the country, and otherwise behaving like a fascist lunatic, remains the official Minister of Health, is excitedly hopping up and down and hooting like a Siamang gibbon about “recommendations for isolation and quarantine,” and other “monkeypox containment measures.”

As Yogi Berra famously put it, “it’s like déjà vu all over again.”

Except that it isn’t … or it probably isn’t. Before I could even finish this column, the United GloboCap Ministries of Truth started dialing down the monkeypox panic. It appears they’re going with “it’s a gay pandemic,” or an “LGBTQ pandemic,” or an “LGBTQIA+ pandemic,” or whatever the official acronym is by the time I click the “publish” button, and making other noises to the effect that it might not be absolutely necessary this time to order a full-scale global lockdown, release the drones and robotic dogs, inject everybody with experimental drugs, and start viciously persecuting “monkeypox deniers.”

You didn’t really believe they were launching a shot-by-shot remake of Covid, did you? The showrunners at GloboCap may be preternaturally evil, but they aren’t stupid. Only the most hopelessly brainwashed New Normals would go along with another “apocalyptic pandemic” before the current one has even been officially cancelled. No, unfortunately, odds are, we’re just getting a preview of what “life” is going to be like in the New Normal Reich, where the masses will be perpetually menaced by an inexhaustible assortment of exotic pathogens and interchangeable pseudo-pathological threats.

The New Normal was never about Covid specifically. It was always about implementing a new “reality” — a pathologized-totalitarian “reality,” not so much ruled as discreetly “guided” by unaccountable, supranational, non-governmental governing entities, global corporations, and assorted billionaires — in which Covid, or monkeypox, or kangaroopox, or any other viral zoonotic disease, or any climate-related or economic development, or aberrant ideological or behavioral tendency, could be used as a pretext to foment another outbreak of mindless mass hysteria and impose additional restrictions on society.

That new “reality” has been implemented … perhaps not as firmly as originally intended, but implemented nonetheless. We are being conditioned to accept this new “reality,” as we were conditioned to accept the War on Terror “reality,” to pointlessly remove our footwear at the airport, place our liquids in travel-size containers, submit to groping by “security staff,” and otherwise live in a state of constant low-level fear of a “terrorist attack,” as we are now being conditioned to wear masks where we are told, submit to mandatory “vaccination,” and live in constant low-level fear of the next purportedly deadly pathogen.

Sadly, most of us will accept this conditioning, and adapt to the “minor inconveniences” that are being imposed on us at every turn. After all, what difference does it really make if we have to wear a little mask on an airplane, or on public transport, or at the doctor’s office? And is it really such a breach of our fundamental rights to freedom of speech, freedom of movement, association, privacy, and basic bodily autonomy if we have to allow governments and global corporations to censor our political opinions, prevent us from traveling, forbid us to protest, and force us to submit to invasive medical treatments in order to hold a job? We got used to taking off our shoes at the airport and watching the “security staff” fondle our kids’ genitals, and invading and bombing other countries and murdering whole families with drones, didn’t we? Surely, we’ll get used to this.

Or … OK, I won’t, and neither will you, probably, but the majority of the masses will. They just demonstrated that pretty clearly, didn’t they? As they demonstrated it during the Global War on Terror. As they demonstrated it during the Cold War. As they demonstrated it … oh, never mind.

Sorry, I really wanted to end this column on a positive note. All right, here’s one! A little good news, finally! According to the professional fact-checkers at Reuters, it turns out “there is no evidence at all that the World Economic Forum’s annual meeting [which is taking place in Davos right now] was scheduled to coincide with these outbreaks of monkeypox,” and anyone who says there is, or implies there is, or who deviates from or questions the “facts,” or the “Science,” or whatever, is a “monkeypox-denying, conspiracy-theorizing, anti-vax, Putin-loving disinformationist,” and so everything is actually hunky-dory, or it will be as soon as we teach those evil Rooskies a little thermonuclear lesson!

I don’t know about you, but that’s a load off my mind. For a moment there, I thought we were in trouble.

The post Monkeypoxmania first appeared on Dissident Voice.

A Reset that Serves the People (Part 2)

Instead of buying into the World Economic Forum’s dystopian “Great Reset,” we can build an alternative system with a mandate to serve the people.

This is part two to a May 4, 2022 article called “A Monetary Reset Where the Rich Don’t Own Everything,” the gist of which was that national and global debt levels are unsustainably high. We need a “reset,” but of what sort? The “Great Reset” of the World Economic Forum (WEF) would leave the people as non-owner tenants in a feudalistic technocracy. The reset of the Eurasian Economic Union would allow participating nations to opt out of the Western capitalist system altogether, but what of the Western countries that are left? That is the question addressed here.

Our Forefathers Had Some Innovative Solutions

Fortunately for the United States, our national debt is in U.S. dollars. As former Federal Reserve Chairman Alan Greenspan once observed, “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”

Paying government debt by just printing the money was the innovative solution of the cash-strapped American colonial governments. The problem was that it tended to be inflationary. The paper scrip they issued was considered an advance against future taxes, but it was easier to issue the money than to tax it back, and over-issuing devalued the currency. The colony of Pennsylvania fixed that problem by forming a government-owned “land bank.” Money was issued as farm credit that was repaid. The new money went out from the local government and came back to it, stimulating the economy and trade without devaluing the currency.

But in the mid-eighteenth century, at the behest of the Bank of England, the colonies were forbidden by King George to issue their own currencies, triggering a recession and the American Revolution. The colonists won the war, but by the end of it the currency was so devalued (chiefly from British counterfeiting) that the Founding Fathers were afraid to include the power to issue paper money in the Constitution.

Hamilton’s Solution: Debt-for-equity Swaps

That left Treasury Secretary Alexander Hamilton in a bind. After the war, the colonies-turned-states were heavily in debt, with no way to repay it. Hamilton solved the problem by turning the states’ debts into equity in the First United States Bank. The creditors became shareholders in the bank, earning a 6% dividend on their holdings.

Might that work today? H.R. 3339, a bill currently before Congress, would form a National Infrastructure Bank (NIB) modeled on Hamilton’s U.S. Bank, capitalized with federal securities acquired in debt-for-equity swaps. Shareholders would receive a guaranteed 2% dividend on non-voting preferred stock in the bank, with the option of recovering the principal after 20 years.

If the whole $30 trillion U.S. federal debt were turned into bank capital, leveraged into loans at 10 to 1 as banks are allowed to do, the bank could do $300 trillion in infrastructure loans. To start, the Federal Reserve could buy NIB stock with the $5.76 trillion in U.S. Treasury securities currently on its balance sheet, capitalizing potential loans of $57 trillion. The possibilities are breathtaking; and because the money would enter the money supply in the form of low-interest loans to local governments that would be paid back over time, the result need not be inflationary. Loans for infrastructure and other productive ventures would raise supply to meet demand, keeping prices stable.

Lincoln’s Solution: Just Issue the Money

Hamilton’s solution to an unsustainable federal debt was terminated when President Andrew Jackson closed down the Second U.S. Bank. That left Abraham Lincoln in a bind. Faced with a massive debt at usurious interest rates to fund the Civil War, he solved the problem by reverting to the solution of the American colonists: just issue the currency as paper money.

In the 1860s, these U.S. Notes or Greenbacks constituted 40% of the national currency. Today, 40% of the circulating money supply would be $7.6 trillion. Yet massive Greenback issuance during the Civil War did not lead to hyperinflation. U.S. Notes suffered a drop in value as against gold, but according to Milton Friedman and Anna Schwarz in A Monetary History of the United States, 1867-1960, this was due not to “printing money” but to trade imbalances with foreign trading partners on the gold standard. The Greenbacks aided the Union not only in winning the war but in funding a period of unprecedented economic expansion, making the country the greatest industrial giant the world had yet seen. The steel industry was launched, a continental railroad system was created, a new era of farm machinery and cheap tools was promoted, free higher education was established, government support was provided to all branches of science, the Bureau of Mines was organized, and labor productivity was increased by 50 to 75 percent.

The Japanese “Free Lunch”

Another option is for the U.S. government to “monetize” its debt by having the central bank purchase and hold it or write it off. The Federal Reserve returns interest and profits to the Treasury after deducting its costs.

This alternative, too, need not be inflationary, as has apparently been demonstrated by the Japanese. The Bank of Japan (BOJ) started buying government bonds in 1999, after reducing interest rates to zero, then dropping them into negative territory in 2015. Today Japan’s government debt is a whopping 260% of its Gross Domestic Product, and the Bank of Japan owns half of it. (Even the outsized U.S. debt to GDP ratio is only 126%.) Yet annual inflation is now only 1.2% in Japan, not even up to the BOJ’s longstanding 2% target. To the extent that prices are rising, it is not from money-printing but from lockdowns and supply chain disruptions and shortages, the same disruptions triggering price inflation globally.

Hedge fund manager Eric Peters discussed the Japanese experiment in a recent article titled “Can a Modern Nation Pull Off a Debt Jubilee Without Full Monetary Collapse?” Noting that “core prices in Japan’s economy remain almost identical today as they were when its zero-interest-rate experiment began,” he asked:

Could the central bank create money, buy all the outstanding bonds, and simply burn them? Execute a modern version of an Old Testament debt Jubilee? …. [M]ight it be possible for a country to pull off such a feat without full monetary collapse? We don’t know, yet.

A Treasury Issue of Special Coins or E-cash

For future budget expenses, rather than borrowing, the government could follow President Lincoln and just issue the money it needs. As Thomas Edison observed in the 1920s:

If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%.

When the Constitution was ratified, coins were the only officially recognized legal tender. By 1850, coins made up only about half the currency. The total face value of all U.S. coins ever produced as of January 2022 is $170 billion dollars, or less than 0.9% of a $19 trillion circulating money supply (M2). These coins, along with about $25 million in U.S. Notes or Greenbacks, are all that is left of the Treasury’s money-creating power. As the Bank of England has acknowledged, the vast majority of the money supply is now created privately by banks  as deposits when they make loans.

In the early 1980s, a chairman of the Coinage Subcommittee of the House of Representatives observed that the Constitution gives Congress the power to coin money and regulate its value, and that no limit is put on the value of the coins it creates. He said the government could pay off its entire debt with some billion dollar coins. In a 2007 book called Web of Debt I wrote about this and said in today’s America it would have to be trillion dollar coins.

In 1982, Congress chose to choke off this remaining vestige of its money-creating power by imposing limits on the amounts and denominations of most coins. The one exception was the platinum coin, which a special provision allows to be minted in any amount for commemorative purposes (31 U.S. Code § 5112). In 2013, Georgia attorney Carlos Mucha proposed issuing a platinum coin to capitalize on this loophole, in order to solve the gridlock then in Congress over the debt ceiling. Philip Diehl, former head of the U.S. Mint and co-author of the platinum coin law. He said:

In minting the $1 trillion platinum coin, the Treasury Secretary would be exercising authority which Congress has granted routinely for more than 220 years . . . under power expressly granted to Congress in the Constitution (Article 1, Section 8).

Prof. Randall Wray explained that the coin would not circulate but would be deposited in the government’s account at the Fed, so it would not inflate the circulating money supply. The budget would still need Congressional approval. To keep a lid on spending, Congress would just need to abide by some basic rules of economics. It could spend on goods and services up to full employment without creating price inflation (since supply and demand would rise together). After that, it would need to tax — not to fund the budget, but to shrink the circulating money supply and avoid driving up prices with excess demand.

A more modern option is for the Treasury to issue “e-cash,” an electronic form of cash transferred on secure hardware not requiring an internet connection. The ECASH Act,  H.R. 7231, introduced on March 28, 2022 by Rep. Stephen Lynch, “directs the Secretary of the Treasury to develop and introduce a form of retail digital dollar called ‘e-cash,’ which replicates the off-line-capable, peer-to-peer, privacy-respecting, zero transaction-fee, and payable-to-bear features of physical cash….”

Unlike the central bank digital currencies now being developed by central banks globally, e-cash would be anonymous and not traceable, having all the privacy attributes of physical cash. Various models are in development, including one already introduced in China in 2021, an offline-capable smart payments card that was part of the government’s digital yuan rollout.

A People’s Reset

Those are alternatives for relieving the government’s debt burden, but what about the massive sums in student debt, medical debt, and rent and mortgage payments now in arrears? Biden promised in his presidential campaign to forgive student debt or some portion of it. But whether this can legally be done by presidential order, without congressional approval, is controversial. Arguments have been made both ways.

For most student debt, however, the creditor is actually the Department of Education, a cabinet-level department established by Congress with some limited power to cancel debt. In August 2021, for example, the Department canceled the student debt of the disabledCongress itself could also write off the debt. The challenge is getting agreement on which debts to cancel and by how much.

What of the student debt, mortgage debt, and credit card debt held by private banks? Private banks have a contractual right to repayment. They also have an obligation to balance their books, meaning they could go bankrupt if unable to collect. But as British economist Michael Rowbotham observed, these debts too could be written off if the accounting standards were changed. Banks don’t actually lend their own money or their depositors’ money. The money they lend is created simply by writing the borrowed sums into the deposit accounts of their customers, so voiding out the debts would be cost-free. The accounting standards would just need to be changed so that the books would not need to balance. The debts could be carried as nonperforming loans or moved off the books in special purpose vehicles, as the Chinese have been known to do with their nonperforming loans. As for which debts to write off and by how much, that is a policy question for legislators.

Would that sort of debt jubilee be inflationary? Yes, to the extent that students and other debtors would have money to spend from their incomes that they did not have before, money that would be competing for a limited supply of goods and services. Again, however, inflation could be avoided by powering up the production of goods and services sufficiently to meet demand.

That means powering up small and medium-sized businesses, which generate most local productivity and employment; and that means providing them with affordable credit. As UK Prof. Richard Werner observes, big banks don’t lend to small businesses. Small banks do, and their numbers are rapidly shrinking. A national infrastructure bank could do it but would have trouble making prudent loans for businesses and farms across the country. The Soviet Union tried that and failed. Prof. Werner proposes instead to form a network of local public, cooperative and community banks.

Arguably, local publicly-owned banks could also be capitalized with debt-for-equity swaps, using the ballooning state bond debts. We have plenty of debt to go around! A network of state-owned public banks on the model of the Bank of North Dakota would be good.

Other Options

To the extent that taxes are needed to balance the money supply, a land value tax (LVT) would go far toward replacing income taxes, without taxing labor or productivity. See “Pennsylvania’s Success with Local Property Tax Reform” in the book Earth Belongs to Everyone by Alanna Hartzok. An LVT excludes physical structures (e.g. houses) and taxes only the value of the land itself, including the natural resources on and under it. It thus returns to the public a portion of any appreciation in value due to public works (new schools, subway stops, etc.), without taxing improvements made by the property owners themselves. It helps curb land hoarding and speculation, and ensures that land sites are put to good use.

Independent community currency and cryptocurrency systems are other possibilities for circumventing debts in the national currency, but those topics are beyond the scope of this article.

In any case, if the global economy comes crashing down as many pundits are predicting, it is good to know there are viable alternatives to the technocratic feudalism of the WEF’s Great Reset. In his 2020 book The Great Reset, WEF leader Klaus Schwab declared that the COVID-19 pandemic “represents a rare but narrow window of opportunity to reflect, reimagine and reset our world,” making way for a polycentric technocracy. It is also a rare opportunity for us to implement an alternative system with a mandate to serve the people. We might call it the People’s Great Reset.

• Read Part 1 here

This article was first posted on ScheerPost.

The post A Reset that Serves the People (Part 2) first appeared on Dissident Voice.

A Monetary Reset Where the Rich Don’t Own Everything (Part 1)

We have a serious debt problem, but solutions such as the World Economic Forum’s “Great Reset” are not the future we want. It’s time to think outside the box for some new solutions.

In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped clean. Debts were forgiven, the debtors’ prisons were opened, and the serfs returned to work their plots of land. This could be done because the king was the representative of the gods who were said to own the land, and thus was the creditor to whom the debts were owed. The same policy was advocated in the Book of Leviticus, though it is unclear to what extent this biblical Jubilee was implemented.

That sort of across-the-board debt forgiveness can’t be done today because most of the creditors are private lenders. Banks, landlords and pension fund investors would go bankrupt if their contractual rights to repayment were simply wiped out. But we do have a serious debt problem, and it is largely structural. Governments have delegated the power to create money to private banks, which create most of the circulating money supply as debt at interest. They create the principal but not the interest, so more money must be repaid than was created in the original loan. Debt thus grows faster than the money supply, as seen in the chart from WorkableEconomics.com below. Debt grows until it cannot be repaid, when the board is cleared by some form of market crash such as the 2008 financial crisis, typically widening the wealth gap on the way down.

Today the remedy for an unsustainable debt buildup is called a “reset.” Far short of a Jubilee, such resets are necessary every few decades. Acceptance of a currency is based on trust, and a “currency reset” changes the backing of the currency to restore that trust when it has failed. In the 20th century, major currency resets occurred in 1913, when the Federal Reserve was instituted following a major banking crisis; in 1933 following another catastrophic banking crisis, when the dollar was taken off the gold standard domestically and deposits were federally insured; in 1944, at the Bretton Woods Conference concluding World War II, when the US dollar backed by gold was made the reserve currency for global trade; and in 1974, when the US finalized a deal with the OPEC countries to sell their oil only in US dollars, effectively “backing” the dollar with oil after Richard Nixon took the dollar off the gold standard internationally in 1971. Central bank manipulations are also a form of reset, intended to restore faith in the currency or the banks; e.g., when Federal Reserve Chairman Paul Volcker raised the interest rate on fed funds to 20% in 1980, and when the Fed bailed out Wall Street banks following the Great Financial Crisis of 2008-09 with quantitative easing.

But quantitative easing did not fix the debt buildup, which today has again reached unsustainable levels. According to Truth in Accounting, as of March 2022 the US federal government has a cumulative debt burden of $133.38 trillion, including unfunded Social Security and Medicare promises; and some countries are in even worse shape. Former investment banker Leslie Manookian stated in grand jury testimony that European countries have 44 trillion euros in unfunded pensions, and there is no source of funds to meet these obligations. There is virtually no European bond market, due to negative interest rates. The only alternative is to default. The concern is that when people realize that the social security and pension systems they have paid into for their entire working lives are bankrupt, they will take to the streets and chaos will reign.

Hence the need for another reset. Private creditors, however, want a reset that leaves them in control. Today a new sort of reset is setting off alarm bells, one that goes far beyond restoring the stability of the currency. The “Great Reset” being driven forward by the World Economic Forum would lock the world into a form of technocratic feudalism.

The WEF is that elite group of businessmen, politicians and academics that meets in Davos, Switzerland, every January. The Great Reset was the theme of its (virtual) 2021 Summit, based on a July 2020 book titled Covid-19: The Great Reset co-authored by WEF founder Klaus Schwab. Some of the WEF’s proposals are summarized in a video on its website titled “8 Predictions for the World in 2030.” The first prediction is, “You’ll own nothing. And you’ll be happy. Whatever you want you’ll rent. And it will be delivered by drone.”

Schwab’s proposal would reset more than the currency. At a virtual meeting in June 2020, he said, “We need a ‘Great Reset’ of capitalism.” But as talk show host Kim Iversen observes, the proposed solution is more capitalism by a new name: “stakeholder capitalism,” where ownership will be with corporate stakeholders. You will have an account with the central bank and a mandatory federal digital ID. You will receive a welfare payment in the form of a marginally adequate basic income – so long as you maintain a proper social credit score. Your central bank digital currency will be “programmable” – rationed, controlled, and canceled if you get out of line or disagree with the official narrative. You will be kept happy with computer games and drugs.

According to WEF speaker and author Prof. Yuval Harari, “Covid is critical, because this is what convinces people to accept, to legitimize total biometric surveillance…. We need not just to monitor people, we need to monitor what’s happening under the skin.”

Harari is aware of the dangers of digital dictatorships. He said at a pre-Covid Davos presentation in January 2020:

In Davos we hear so much about the enormous promises of technology – and these promises are certainly real. But technology might also disrupt human society and the very meaning of human life in numerous ways, ranging from the creation of a global useless class to the rise of data colonialism and of digital dictatorships.…

We humans should get used to the idea that we are no longer mysterious souls – we are now hackable animals. … [I]f this power falls into the hands of a twenty-first century Stalin, the result will be the worst totalitarian regime in human history…

In the not-so-distant future, … algorithms might tell us where to work and who to marry, and also decide whether to hire us for a job, whether to give us a loan, and whether the central bank should raise the interest rate….

What will be the meaning of human life, when most decisions are taken by algorithms?

Clearing the Chessboard by Controlled Economic Demolition?

Before the game can be reset, the board must be cleared. What would make the population accept giving up their private property, surviving on a marginal basic income, and submitting to constant surveillance, internal and external?

The global pandemic and the lockdowns that followed have gone far toward achieving that result. Lockdowns not only eliminated smaller business competitors but drove up the debts of small countries, forcing them to increase their loans from the International Monetary Fund. The IMF is notorious for onerous loan terms, including imposing strict austerity measures, relinquishing control of natural resources, and marching in “lockstep” with pandemic restrictions.

In a June 2020 article on the blog of the IMF titled “From Great Lockdown To Great Transformation,” IMF Managing Director Kristalina Georgieva called the global policy response to the 2020 crisis the “Great Lockdown.” She is quoted as saying to the US Chamber of Commerce:

We call the current period ‘the Great Lockdown’ because we are fighting a health emergency by bringing production and consumption to a standstill….

In March, around one hundred billion dollars left emerging markets and developing countries—three times more than during the global financial crisis.

But in April and May—thanks to this massive injection of liquidity in advanced economies—some emerging markets were able to go back to the markets and issue bonds with competitive yields, with total issuance of around seventy-seven billion dollars. This is almost three and a half times as much as in the same two months last year. [Italics added.]

In other words, by bringing production and consumption to a standstill, the Great Lockdown had already, by June 2020, managed to strip emerging markets of $100 billion in additional assets and to lock them into $77 billion in new debt.

That helps explain why so many countries acquiesced to the Great Lockdown so quickly, even when some had only a handful of Covid-19 deaths. Lockdown was apparently a “conditionality” required for getting an IMF loan. At least that was true for Belarus, which rejected the offer. Said Belarus’ President:

We hear the demands … to model our coronavirus response on that of Italy. I do not want to see the Italian situation to be repeated in Belarus. We have our own country and our own situation. … [T]he IMF continues to demand from us quarantine measures, isolation, a curfew. This is nonsense. We will not dance to anyone’s tune.

Unlike Belarus, most countries acquiesced, and so did households and businesses locked into the debt trap by an economy in which production and consumption were brought to a standstill. Like most emerging economies, they acquiesced to whatever terms were imposed for returning to “normal.”

The lockdowns have now been lifted in most places, but the debt trap is about to snap shut. A moratorium on U.S. rents and student debt is due to come to an end, and cumulative arrears may need to be paid. Debtors unable to meet that burden could be out in the street, joining the “useless class” described by Prof. Harari. They may be forced into accepting the technocratic feudalism of the WEF Great Reset, but is not the sort of future most people want. However, what are the alternatives?

A Eurasian Jubilee?

For sovereign debt (the debt of national governments), a form of jubilee is envisioned by Sergei Glazyev in conjunction with the alternative monetary system currently being designed by the Eurasian Economic Union (EAEU), detailed in my last article here. Glazyev is the Minister for Integration and Macroeconomics of the Eurasia Economic Commission, the regulatory body of the EAEU. An article in The Cradle titled “Russia’s Sergey Glazyev Introduces the New Global Financial System” is headlined:

The world’s new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources. And it will liberate the Global South from both western debt and IMF-induced austerity.

The article quotes Glazyev as stating:

Transition to the new world economic order will likely be accompanied by systematic refusal to honor obligations in dollars, euro, pound, and yen. In this respect, it will be no different from the example set by the countries issuing these currencies who thought it appropriate to steal foreign exchange reserves of Iraq, Iran, Venezuela, Afghanistan, and Russia to the tune of trillions of dollars. Since the US, Britain, EU, and Japan refused to honor their obligations and confiscated wealth of other nations which was held in their currencies, why should other countries be obliged to pay them back and to service their loans?

In any case, participation in the new economic system will not be constrained by the obligations in the old one. Countries of the Global South can be full participants of the new system regardless of their accumulated debts in dollars, euro, pound, and yen. Even if they were to default on their obligations in those currencies, this would have no bearing on their credit rating in the new financial system. Nationalization of extraction industry, likewise, would not cause a disruption. Further, should these countries reserve a portion of their natural resources for the backing of the new economic system, their respective weight in the currency basket of the new monetary unit would increase accordingly, providing that nation with larger currency reserves and credit capacity. In addition, bilateral swap lines with trading partner countries would provide them with adequate financing for co-investments and trade financing.

That may largely eliminate the sovereign debt overhang in the EAEU member countries, but what of the United States and other Western countries that are unlikely to join? Some innovative possibilities will be covered in Part 2 of this piece. Stay tuned.

• This article was first posted on ScheerPost.

The post A Monetary Reset Where the Rich Don’t Own Everything (Part 1) first appeared on Dissident Voice.

Localization and Local Futures: The Alternative to the Authoritarian New Normal    

World Localization Day’ will be celebrated on 20 June. Organised by the non-profit Local Futures, this annual coming together of people from across the world began in 2020 and focuses on the need to localise supply-chains and recover our connection with nature and community. The stated aim is to “galvanize the worldwide localization movement into a force for systemic change”.

Local Futures, founded by Helena Norberg-Hodge, urges us to imagine a very different world, one in which most of our food comes from nearby farmers who ensure food security year round and where the money we spend on everyday goods continues to recirculate in the local economy.

We are asked to imagine local businesses providing ample, meaningful employment opportunities, instead of our hard-earned cash being immediately siphoned off to some distant corporate headquarters.

Small farms would be key in this respect. They are integral to local markets and networks, short supply chains, food sovereignty, more diverse cropping systems and healthier diets. And they tend to serve the food requirements of communities rather than the interests of big business, institutional investors and shareholders half a world away.

If the COVID lockdowns and war in Ukraine tell us anything about our food system, it is that decentralised, regional and local community-owned food systems based on short(er) supply chains that can cope with future shocks are now needed more than ever.

The report Towards a Food Revolution: Food Hubs and Cooperatives in the US and Italy offers some pointers for creating sustainable support systems for small food producers and food distribution. Alternative, resilient food models and community supported agriculture are paramount.

Localization involves strengthening and rebuilding local economies and communities and restoring cultural and biological diversity. The ‘economics of happiness’ is central to this vision, rather than an endless quest for GDP growth and the alienation, conflict and misery this brings.

It is something we need to work towards because multi-billionaire globalists have a dystopian future mapped out for humanity which they want to impose on us all – and it is diametrically opposed to what is stated above.

The much-publicised ‘great reset’ is integral to this dystopia. It marks a shift away from ‘liberal democracy’ towards authoritarianism. At the same time, there is the relentless drive towards a distorted notion of a ‘green economy’, underpinned by the rhetoric of ‘sustainable consumption’ and ‘climate emergency’.

The great reset is really about capitalism’s end-game. Those promoting it realise the economic and social system must undergo a reset to a ‘new normal’, something that might no longer resemble ‘capitalism’.

End-game capitalism  

Capital can no longer maintain its profitability by exploiting labour alone. This much has been clear for some time. There is only so much surplus value to be extracted before the surplus is insufficient.

Historian Luciana Bohne notes that the shutting down of parts of the economy was already happening pre-COVID as there was insufficient growth, well below the minimum tolerable 3% level to maintain the viability of capitalism. This, despite a decades-long attack on workers and corporate tax cuts.

The system had been on life support for some time. Credit markets had been expanded and personal debt facilitated to maintain consumer demand as workers’ wages were squeezed. Financial products (derivatives, equities, debt, etc) and speculative capitalism were boosted, affording the rich a place to park their profits and make money off money. We have also seen the growth of unproductive rentier capitalism and stock buy backs and massive bail outs courtesy of taxpayers.

Moreover, in capitalism, there is also a tendency for the general rate of profit to fall over time. And this has certainly been the case according to writer Ted Reese, who notes it has trended downwards from an estimated 43% in the 1870s to 17% in the 2000s.

The 2008 financial crash was huge. But by late 2019, an even bigger meltdown was imminent. Many companies could not generate enough profit and falling turnover, squeezed margins, limited cashflows and highly leveraged balance sheets were prevalent. In effect, economic growth was already grinding to a halt prior to the massive stock market crash in February 2020.

Fabio Vighi, professor of critical theory, describes how, in late 2019, the Swiss Bank of International Settlements, BlackRock (the world’s most powerful investment fund), G7 central bankers, leading politicians and others worked behind closed doors to avert a massive impending financial meltdown.

The Fed soon began an emergency monetary programme, pumping hundreds of billions of dollars per week into financial markets. Not long after, COVID hit and lockdowns were imposed. The stock market did not collapse because lockdowns occurred. Vighi argues lockdowns were rolled out because financial markets were collapsing.

Closing down the global economy under the guise of fighting a pathogen that mainly posed a risk to the over 80s and the chronically ill seemed illogical to many, but lockdowns allowed the Fed to flood financial markets (COVID relief) with freshly printed money without causing hyperinflation. Vighi says that lockdowns curtailed economic activity, thereby removing demand for the newly printed money (credit) in the physical economy and preventing ‘contagion’.

Using lockdowns and restrictions, smaller enterprises were driven out of business and large sections of the pre-COVID economy were shut down. This amounted to a controlled demolition of parts of the economy while the likes of Amazon, Microsoft, Meta (Facebook) and the online payment sector – platforms which are dictating what the ‘new normal’ will look like – were clear winners in all of this.

The rising inflation that we currently witness is being blamed on the wholly avoidable conflict in Ukraine. Although this tells only part of the story, the conflict and sanctions seem to be hitting Europe severely: if you wanted to demolish your own economy or impoverish large sections of the population, this might be a good way to go about it.

However, the massive ‘going direct’ helicopter money given to the financial sector and global conglomerates under the guise of COVID relief was always going to have an impact once the global economy reopened.

Similar extraordinary monetary policy (lockdowns) cannot be ruled out in the future: perhaps on the pretext of another ‘virus’ but possibly based on the notion of curtailing human activity due to ‘climate emergency’. This is because raising interests rates to manage inflation could rapidly disrupt the debt-bloated financial system (an inflated Ponzi scheme) and implode the entire economy.

Permanent austerity   

But lockdowns, restrictions or creating mass unemployment and placing people on programmable digital currencies to micromanage spending and decrease inflationary pressures could help to manage the crisis. ‘Programmable’ means the government determining how much you can spend and what you can spend on.

How could governments legitimise such levels of control? By preaching about reduced consumption according to the creed of ‘sustainability’. This is how you would ‘own nothing and be happy’ if we are to believe this well-publicised slogan of the World Economic Forum (WEF).

But like neoliberal globalization in the 1980s – the great reset is being given a positive spin, something which supposedly symbolises a brave new techno-utopian future.

In the 1980s, to help legitimise the deregulated neoliberal globalisation agenda, government and media instigated an ideological onslaught, driving home the primacy of ‘free enterprise’, individual rights and responsibility and emphasising a shift away from the role of state, trade unions and the collective in society.

Today, we are seeing another ideological shift: individual rights (freedom to choose what is injected into your own body, for instance) are said to undermine the wider needs of society and – in a stark turnaround – individual freedom is now said to pose a threat to ‘national security’, ‘public health’ or ‘safety’.

A near-permanent state of ‘emergency’ due to public health threats, climate catastrophe or conflict (as with the situation in Ukraine) would conveniently place populations on an ongoing ‘war footing’. Notions of individual liberty and democratic principles would be usurped by placing the emphasis on the ‘public interest’ and protecting the population from ‘harm’. This would facilitate the march towards authoritarianism.

As in the 1980s, this messaging is being driven by economic impulses. Neoliberalism privatised, deregulated, exploited workers and optimised debt to the point whereby markets are now kept afloat by endless financial injections.

The WEF says the public will ‘rent’ everything they require: stripping the right of personal ownership under the guise of ‘sustainable consumption’ and ‘saving the planet’. Where the WEF is concerned, this is little more than code for permanent austerity to be imposed on the mass of the population.

Metaverse future 

At the start of this article, readers were asked to imagine a future based on a certain set of principles associated with localization. For one moment, imagine another. The one being promoted by the WEF, the high-level talking shop and lobby group for elite interests headed by that avowed globalist and transhumanist Klaus Schwab.

As you sit all day unemployed in your high-rise, your ‘food’ will be delivered via an online platform bought courtesy of your programmable universal basic income digital money. Food courtesy of Gates-promoted farms manned by driverless machines, monitored by drones and doused with chemicals to produce crops from patented GM seeds for industrial ‘biomatter’ to be engineered, processed and constituted into something resembling food.

Enjoy and be happy eating your fake food, stripped of satisfying productive endeavour and genuine self-fulfilment. But really, it will not be a problem. You can sit all day and exist virtually in Zuckerberg’s fantasy metaverse. Property-less and happy in your open prison of mass unemployment, state dependency, track and chip health passports and financial exclusion via programmable currency.

A world also in which bodily integrity no longer exists courtesy of a mandatory vaccination agenda linked to emerging digital-biopharmaceutical technologies. The proposed World Health Organization pandemic treaty marks a worrying step in this direction.

This ‘new normal’ would be tyrannical, but the ‘old normal’ – which still thrives – was not something to be celebrated. Global inequality is severe and environmental devastation and human dislocation has been increasing. Dependency and dispossession remain at the core of the system, both on an individual level and at local, regional and national levels. New normal or old normal, these problems will persist and become worse.

Green imperialism  

The ‘green economy’ being heavily promoted is based on the commodification of nature, through privatization, marketization and monetary valuation. Banks and corporations will set the agenda – dressed in the garb of ‘stakeholder capitalism’, a euphemism for governments facilitating the needs of powerful global interests. The fear is that the proposed system will weaken environmental protection laws and regulations to facilitate private capital.

The banking sector will engage in ‘green profiling’ and issue ‘green bonds’ and global corporations will be able to ‘offset’ (greenwash) their environment-degrading activities by, for example, protecting or planting a forest elsewhere (on indigenous people’s land) or perhaps even investing in (imposing) industrial agriculture which grows herbicide-resistant GMO commodity crop monocultures that are misleadingly portrayed as ‘climate friendly’. Imperialism wrapped in green.

Relying on the same thinking and the same interests that led the world to where it is now does not seem like a great idea. This type of ‘green’ is first and foremost a multi-trillion market opportunity for lining pockets and part of a strategy that may well be used to secure compliance required for the ‘new normal’.

The future needs to be rooted in the principles of localization. For this, we need look no further than the economics and the social relations that underpin tribal societies (for example, India’s indigenous peoples). The knowledge and value systems of indigenous peoples promote long-term genuine sustainability by living within the boundaries of nature and emphasise equality, communality and sharing rather than separation, domination and competition.

Self-sufficiency, solidarity, localization and cooperation is the antidote to globalism and the top-down tyranny of programmable digital currencies and unaccountable, monopolistic AI-driven platforms which aim to monitor and dictate every aspect of life.

The post Localization and Local Futures: The Alternative to the Authoritarian New Normal     first appeared on Dissident Voice.

Economic Restructuring, Democratic Deficit and Locking Down Liberty  

Remember how the notion of freedom was spun by the ideologues of neoliberalism for decades prior to COVID? The freedom to consume. The freedom to make money. The freedom to be plunged into poverty and debt.       

Platitudes about ‘individual responsibility’ and ‘standing on your own two feet’. A relentless ideological attack on the state and collective responsibility. The doctrine of ‘no such thing as society’ Thatcherism. Ideologically, at least, the individual and ‘the market’ were paramount. But in reality, of course, there was no genuine rolling back of the state: its machinery was used differently to facilitate the needs of global capital while attacking the labour movement. 

In all this ‘freedom’, there was never much talk in the mainstream political and media narrative about the plight of the poor or workers who felt the brutal effects of the brave new world of neoliberal capitalism. 

Never sufficient analysis about offshoring manufacturing and service-sector jobs to cheap labour economies to boost profits. This was merely presented as efficiency and job creation for poorer countries, as if the owners of industry were on some kind of humanitarian mission. 

But it was only ever the old colonialist mentality passed off in new clothing. 

Today, this mentality manifests by subjecting poorer nations to IMF-World Bank ‘structural adjustment’ directives and beating them into being ‘business friendly’ and compliant with the needs of global (Western) capital. Spin it any way you like, whether ‘foreign direct investment’ or ‘liberalising’ the economy, it amounts to richer countries merely using or loaning back money to the poorer countries (with strings) that they stole from them over the centuries. 

Courtesy of lop-sided trade deals, the WTO and the international financial institutions, we see a model of ‘development’ characterised by indebtedness, displaced populations resulting from ‘infrastructure projects’ (to facilitate the needs of capital) and a deliberate running down of indigenous models of agriculture. 

There was not much talk about ‘freedom’ in relation to the subsequent state-corporate economic brutality experienced by society’s most marginalised, highlighted, for instance, by Arundhati Roy in The Ghosts of Capitalism – the ‘invisible’ and shoved-aside victims of a rampant neoliberalism, with a good dose of state-backed violence always on hand to secure compliance.

Their ‘freedom’ never amounted to much in the first place. 

Economic structural violence waged against people, economies and ecosystems courtesy of elite interests bent on monopolising energy, money, food, land and violence across the globe. 

Yet the system now purports to care about the well-being of those it persistently regards as ‘collateral damage’ and ‘economic fodder’. A system that by its very nature concentrates money, control and power at the top of the pyramid. 

Consider that prior to COVID, Pfizer was “the least trusted company in the least trusted industrial sector in the United States”, according to Nick Dearden, director of Global Justice. 

But we are supposed to have faith in Pfizer and disregard its lengthy corporate rap sheet and its unscrupulous profiteering practices regarding its COVID vaccine rollout across the globe. We are supposed to trust its products and its vaccine data that it is trying so hard, with help from the US Food and Drug Administration, to keep from the public. 

At the same time, to facilitate uptake of Pfizer’s injections, we hear a lot about ‘collective responsibility’. A much-maligned concept in a dog-eat-dog neoliberal regime. Joe Biden, Justin Trudeau and others spin vaccine sceptics’ talk of ‘freedom of choice’ regarding what is allowed to be injected into their own bodies as selfish and the domain of right-wing women haters and fascists. 

The right to protest, to free speech, to associate and so forth were (and often continue to be) suspended as people were locked down waiting for ‘the vaccine’ thanks to a virus that mainly targets those over 80 and those with compromised immune systems due to existing (serious) morbidities. 

We have seen all manner of state interference in the private lives of citizens over the past two years. 

Political leaders like Macron, Trudeau, Biden, Merkel and Arden – the frontline managers and facilitators of private capital – have seemingly become so concerned about the public’s welfare that their freedoms and rights must be trampled on by the state. 

Those who demand freedom and have questioned the mainstream COVID narrative have been labelled ‘anti-vaxxers’, ‘granny killers’, irresponsible and as prioritising their own selfish needs over those of the collective. 

Even those who claim to be of the ‘left’ have become part of the ideological apparatus of the state: joining in the chorus and defending tyranny as well as Big Pharma’s rushed-to-market injections and its right to your body and right to make billions in the process. 

Pfizer’s Covid-19 vaccine brought in $37bn in 2021. Nick Dearden calculates the NHS has paid a mark-up of at least £2bn – six times the cost of the pay rise the UK government agreed to give nurses last year. 

Moreover, Dearden argues companies like Pfizer behave more like hedge funds, buying up and controlling other firms and intellectual property, rather than traditional medical research companies. 

He says: 

The truth is, they aren’t the sole inventors of the vaccine. That was the work of public money, university research and a much smaller company, Germany’s BioNTech. As one former US government official complained, the fact we call it the ‘Pfizer’ vaccine is ‘the biggest marketing coup in the history of American pharmaceuticals’.

Even though many on the ‘left’ have campaigned against the brutality of capitalism over the years, they bought into the fear propaganda from the start without question, helping to pave the way for pharma’s distorted profits, the destruction of small businesses and the loss of countless livelihoods due to lockdowns. 

Many stood by in silence and watched the mega rich accrue enormous profits. Research by Oxfam has shown that the wealth of the world’s billionaires increased by $3.9tn between March and December 2020. The world’s 10 richest billionaires collectively saw their wealth increase by $540bn over this period. In September 2020, Jeff Bezos could have paid all 876,000 Amazon employees a $105,000 bonus and still be as wealthy as he was before COVID. 

While lockdowns and restrictions were imposed on ordinary people and small businesses, the winners were the likes of Amazon, Big Pharma and the tech giants. The losers were small enterprises and the bulk of the population, deprived of their right to work and an entire panoply of civil rights. 

A report by the International Labour Organization (ILO) stated that COVID-19 policies had severely disrupted economies and labour markets in all world regions, with estimated losses of working hours equivalent to nearly 400 million full-time jobs in the second quarter of 2020, most of which were in emerging and developing countries. 

Among the most vulnerable were the 1.6 billion informal economy workers, representing half of the global workforce, who were working in sectors experiencing major job losses or had seen their incomes seriously affected by lockdowns. Most of these were self-employed and in low-income jobs in the informal sector. 

For policies that were supposedly brought in to protect health, there has also been immense damage resulting in lengthy non-COVID healthcare waiting lists for all manner of life-threatening diseases and conditions. 

A more logical approach to protecting public health would have involved the promotion of a targeted strategy based on risk along with early intervention treatments as set out in the Great Barrington Declaration. But this was not even up for debate. Censorship and smears were the norm. 

Locking the global population in their homes, or in places like India compelling millions to walk huge distances or travel in crowded conditions to return to the countryside, until a vaccine was made available smacks of incompetence or worse – a predetermined agenda. 

Writing in the Contemporary Voice of Dalit journal (31 October 2021), researchers Krishna Ram and Shivani Yadav note the effects of COVID policies in India: 

The economic tumult caused by the pandemic over the past two years has the potential to double the nation’s poverty… Our calculations show that around 150–199 million additional people will fall under poverty in 2021–2022; a majority of which are from rural areas, owing to the immiserate nature of the rural economy. Further disaggregation reveals that the SC/ST [Scheduled Castes/Scheduled Tribes], casual labour and the self-employed are the most impacted groups.

It is clear who was influencing the lockdown-COVID public health policy. In a report by Yohan Tengra of the Awaken India Movement, it is described how the Gates Foundation and Big Pharma have infiltrated and co-opted key public health institutions at the national level in India, not least the COVID-19 National Task Force. 

Tengra says the report has exposed: 

… not just the names of those who are sitting in this task force but also how they are financially connected to the pharmaceutical industry and vaccine mafia. This task force has been responsible for the aggressive push to lockdown, mandatory mask requirements, forced testing of asymptomatics, dropping ivermectin and hcq from the national protocol, suppressing vaccine adverse events and a lot more!

It was fitting that an MP recently asked in Canada’s parliament just who does the government serve: Klaus Schawb and the World Economic Forum (WEF) or Canadian citizens? 

A pertinent question. But any enquiry should also look to include the wider digital-financial-industrial complex which has used COVID as cover for bailing out financial markets and restructuring capitalism and trying to manage the long-term falling rate of profit. 

These issues are at the heart of the ‘Great Reset’ or ‘Fourth Industrial Revolution’ that Klauss Schwab and others talk of. Concepts that – like neoliberal globalisation in the 1980s – are given a positive spin and which supposedly symbolise a brave new techno-utopian future. 

The WEF, Big Finance, Big Tech, the Gates Foundation and Big Pharma have been heavily promoting the COVID-Great Reset agenda from the start. This has to date resulted in the reinvigoration of an ailing pharma sector with a multi-billion-dollar windfall, the eradication of smaller firms and jobs, cementing the dominance of the online retail giants, global chains and the digital payments sector and the injection of much-needed liquidity into what were by late 2019/early 2020 collapsing financial markets. 

In the 1980s, to help legitimise the deregulated neoliberal agenda, government and media instigated an ideological onslaught, pressing home the notion of individual rights and responsibility and emphasising a shift away from the state, trade unions and the public sector. This reflected economic changes underpinned by notions of the primacy of the market and individual consumer choice.  

But there is now a new ideological shift. We hear claims of a ‘democratic deficit’, whereby individual rights are said to be undermining the wider needs of society. The message is that individual freedom is posing a threat to ‘national security’, ‘public health’ and ‘safety’.” As a result, there must be clampdowns on the right to travel, associate and protest and on freedom of speech.  

As stated by journalist Iain Davis in a recent article, a commitment to the ‘public interest’, ‘safety’ and protecting the population from ‘harm’ will replace freedom and democracy. Technocracy: The Operating System For The New International Rules-Based Order (unlimitedhangout.com) 

As in the 1980s, this messaging is being driven by economic factors. Neoliberalism has privatised, deregulated, exploited workers and optimised debt to the limit. We have collapsing markets kept afloat by endless financial injections and an overall declining rate of profit with firms suffocating under mountains of debt. 

AI and advanced automation of production, distribution and service provision (3D manufacturing, drone technology, driverless vehicles, lab grown food, farmerless farms, robotics, etc) are also on the horizon. 

A mass labour force – and therefore mass education, mass welfare, mass healthcare provision and entire systems that were in place to reproduce labour for capitalist economic activity – might in the near future no longer be required. Labour’s relationship to capital is being transformed. So, if labour is the condition for the existence of the working class, why bother with the working class?  

COVID has accelerated economic restructuring and the shift towards an authoritarian form of capitalism that is ultimately to be based on a Chinese-style social credit system to ensure the population complies with its coming servitude.  

Former WEF-sponsored ‘young global leaders’ like Trudeau, Macron, Merkel and Arden rose to the political helm of various countries after having been suitably groomed. They will continue to fulfill their roles by managing dissent through mass surveillance and clamping down on civil rights as the effects of inflation (induced by the liquidity injected into the system), joblessness and post-COVID austerity measures kick in. 

They will, of course, still facilitate freedom: the freedom of the billionaire class to continue to plunder across the globe. And the freedom for citizens to submit. 

 

The post Economic Restructuring, Democratic Deficit and Locking Down Liberty   first appeared on Dissident Voice.

The Keep Africa Poor and Dependent Project  

Exploited and abused for generations by white colonial powers and manipulative economic structures, there is a growing feeling of solidarity within parts of the African continent, as exemplified by the #NoMore movement. Covid vaccine inequality and environmental injustice, together with recent events in Ethiopia, have galvanized people.

Ideas of African unity and rage against former imperial forces are nothing new; the chain of suppression and exploitation of African nations is long, running from slavery and colonialism (including colonial extraction) to wealth and climate inequality, racial capitalism and now Covid vaccine apartheid.

Despite the fact that many would say Africa was united long before Europe – family to tribe, tribe to nation, nation to continent, with 54 countries spread over a vast area –  establishing a defined Union of Africa seems unlikely, if not impossible. Standing in solidarity, rejecting western intervention, challenging the exploitative status quo and reductive notions of development based on a defunct western model is not; indeed, if African nations are to prosper and create vibrant economies allowing its burgeoning young population to fulfill their enormous potential, they must.

Poverty amidst abundance of resources

Blessed with rich environments and vast natural resources, Sub-Saharan Africa should certainly not be poor. But for huge numbers of people across the continent grinding poverty and hardship are the norm.

According to the World Bank report Accelerating Poverty Reduction in Africa, while those living in extreme poverty (less than $1.90 a day) has fallen in the last twenty years, the number of “poor people [living on $5 a day or less]…has increased from 278 million in 1990 to over 413 million” Over 80% of those living in stifling poverty are found in rural areas where education and  health care are scarce.

Natural resources dominate many African economies and, along with agriculture, are central to the livelihoods of the poor rural majority. African natural resources that are owned by multi-national mining companies, dug out of the ground by grossly underpaid local workers, are exported for production in goods that are sold in the rich developed nations. This has been the role of Sub-Saharan Africa for generations, and is fundamental to the prosperity of advanced countries: they need the raw materials and they need them to be dirt cheap.

The handful of conglomerates that dominate, collude in enabling monopoly buying structures. Contracts agreed at national levels are administered by middle-men, often corrupt, in the pockets of the corporation; the local workforce has little choice but to accept whatever ‘terms of employment’ are offered; poverty entraps and silences rebellion.

It is a crippling model of suppression and exploitation; a form of wage slavery that holds not just the workers in its suffocating grip, but the nation and continent. It is one of the main reasons African nations that are overly dependent on raw materials, whether cotton or oil, coffee, diamonds or Cobalt, are poor. Poverty is political, the result of short-term political and economic decisions taken in The West by duplicitous corporate-controlled governments.

The other reasons that ensure Africa remains poor and dependent are historical and economic: Colonization, which persists as economic and cultural imperialism, together with a certain mind-set of superiority/inferiority. A mind-set that maintains consciously or unconsciously that some people (black, brown) are worth less than others and, as Covid vaccine inequities demonstrate, can be sacrificed. The economic structures, global institutions and economic ideologies championed by abusive self-centered governments and promoted in the business schools around the world are all designed to ensure Africa remains poor: Imperialism never ended, it just changed form.

When colonial powers withdrew from the global south they needed new ways of maintaining the enslavement of Africa and Africans. Three interrelated weapons where used to create dependency: Aid, debt and the toxic Structural Adjustment Programmes (SAPs), the overarching umbrella of control.

In the 1980s SAP’s were introduced; the International Monetary Fund (IMF) and World Bank (WB) gave highly conditional loan packages to African nations in order to aid their ‘development’; in fact, the loans/SAPs, which destroyed African economies and agriculture, were simply forms of debt entrapment. Once a country is indebted it becomes easy to control. SAPs hollowed out national economies and incorporated Africa into the global political economic system, dominated by the US. It’s economic warfare: the rich countries set up these unaccountable institutions and systems to control the poor nations.

The IMF, WB, World Health Organization (WHO) and the World Trade Organization (WTO), were given enormous political influence/control of African governments and economies. Funding for public services (e.g. education and health care) was slashed to repay loans; countries were forced to ‘liberalize’ their economies, and privatize, selling off key areas like utilities to western or western-backed companies.

In his book Confessions Of An Economic Hitman, John Perkins designates this process of economic terrorism as ‘Predatory Capitalism’: he describes how  in an earlier period, during the 1950’s the IMF, CIA and US State Department set up a faceless bank to lend money to African countries that were producing raw materials; any national President that refused the loan was at risk of being handed over to the ‘Jackals’, as Perkins describes the CIA thugs that accompanied him.

At independence, many African countries were self-sufficient in food production and were, in fact, net exporters of food; SAPs and the WTO Agreement on Agriculture, changed all that. Countries were forced to withdraw State subsidies to agriculture (while farmers in Europe and the US receive huge subsidies); farmers suffered, food prices increased, food insecurity was created, dependency on aid and Western benefactors ensured and with it control by the US and her puppets, of Africa, its direction and ‘development’, or, as these paranoid selfish states would have it, its non-development.

‘Development as Westernisation’

Within the narrow socio-economic paradigm that dominates global affairs, ‘development’ and perpetual economic ‘growth’ are regarded as all important. Dominated by quarterly national GDP figures, it is a reductive model designed by donor’ nations to serve not the people of Africa or Asia, but western corporations and the unjust, defunct Ideology of Greed, so beloved.

The very idea of development has become synonymous with ‘Westernization’, including the way of life, the values, behavior and attitudes of the rich, ‘successful’ nations of The West: a hollow, deeply materialistic way of life rooted in division, selfishness and conformity that has poisoned and vandalized the natural environment, created unhealthy, unequal societies of anxious suppressed human beings.

In order to develop, economists maintain Africa must industrialise and manufacture – no country has ever ‘developed’ without manufacturing. All this is true, and some African nations, like Ethiopia, which has a vibrant leather industry, are beginning to do just this. But this is only true within the suffocating boundaries of the existing model of extreme capitalism based on unsustainable consumerism.

There must be another way; perhaps as we sit at this transitional time, not just for Africa, but for the world as a whole, the opportunity presents itself to re-design the socio-economic structures, reimagine civilization, and in so doing save the planet. And perhaps Africa, unburdened, energised and dynamic can play a leading role; working with the West, but rejecting the model of conformity and exploitation, the conditionality of support.

The existing development paradigm sits within the overarching political-economic system, a system of global monopolies, centralized control, massive inequality, grinding poverty, financial insecurity and stress. Not only should this model of development be rejected by Africa, and it would be were it not for the Noose of Debt, and the fact that it is presented as the one and only show in town, but the poisonous spring from which it flows – Market Fundamentalism as some call it – must also be radically dismantled.

It may appear impossible to challenge, but there are alternatives to the current unjust political-economic system. And as the environmental and social impact of the Neo-Liberal experiment becomes more apparent, as well as the economic pain of the majority, more and more people around the world, especially within Africa, where the environmental emergency has inspired powerful movements of activism, recognize the urgent need to reject this way of organizing life and are demanding change.

Western powers (dried-up imperial forces) do not want Africa and Africans to flourish and become strong, this is clear to all. Africa’s destiny must rest in the hands of Africans, in particular young Africans (the median age in Africa is around 20, Europe is a greying 43, US a complacent 39), who are increasingly standing up, organizing, particularly in regard to the environment, and calling for change.

But what should that change look like? Not a shadow of Western nations, but a creative evolving movement of development in which the people have a voice; social and environmental responsibility are championed and lasting human happiness sit at its core. Unity is essential, African unity is essential; together, not necessarily under some defined structure, but coordinated cooperation and support through the medium of the African Union and civil society.

The first and most basic step towards establishing a less brutal, more just system would be the equitable distribution of the resources of the world – the water, land and food; the machinery needed to build infrastructure; the skills, knowledge and expertise.

The world is one: We are brothers and sisters of one humanity. And if we are collectively, within Africa and the world, to establish An Alternative Way, this basic fact needs to form the foundation and provide the touchstone of new systems and modes of living. Only then will we begin to build a global society in which the values of unity, compassion, tolerance and sharing, which are found in tribal societies all over Africa, may flourish.f

The post The Keep Africa Poor and Dependent Project   first appeared on Dissident Voice.

Rather Than Sink Main Street by Raising Interest Rates, the Fed Could Save It: Here’s How

Inflation is plaguing consumer markets, putting pressure on the Federal Reserve to raise interest rates to tighten the money supply. But as Rex Nutting writes in a MarketWatch column titled “Why Interest Rates Aren’t Really the Right Tool to Control Inflation”:

It may be heresy to those who think the Fed is all-powerful, but the honest answer is that raising interest rates wouldn’t put out the fire. Short of throwing millions of people out of work in a recession, higher rates wouldn’t bring supply and demand back into balance, a necessary condition for price stability.

The Fed (and those who are clamoring for the Fed to raise rates immediately) have misdiagnosed the problem with the economy and are demanding the wrong kind of medicine. …

Prices are going up because crucial inputs—labor, electronics, energy, housing, transportation—are in short supply. Normally, the way to solve this imbalance would be to give workers and businesses incentives to increase their supply. …

The Fed has been assigned the job of fixing this. Unfortunately, the Fed doesn’t have the tools to do it. Monetary policy works (in theory) by tweaking demand, but it has no direct impact on supply.

The Dire Effects of the “Wrong Kind of Medicine”

Not only will raising interest rates not fix the supply crisis, but according to Alasdair Macleod, head of research at GoldMoney in London, U.K., that wrong medicine is likely to trigger the next financial crisis. He thinks it is imminent and will start in Europe, where negative interest rates brought the cost of doing repo trades to zero. As a result, the European repo market is now over €10 trillion ($11.4 trillion), far more than the capital available to unwind it (to reverse or close the trades). Rising interest rates will trigger that unwinding, says MacLeod, and the ECB lacks the tools to avoid the resulting crisis. Meanwhile, oil prices have risen over 50% and natural gas over 60% in Europe in the past year, “due to a supply crisis of its governments’ own making,” writes Macleod. Member governments are heavily in debt, yet European Central Bank president Christine Lagarde wants to borrow more to finance the transition to carbon neutral. Macleod writes darkly:

As for the euro’s future, it seems unlikely that the ECB has the capability of dealing with the crisis that will unfold.… The deconstruction of this shabby arrangement should prove the end of the euro and possibly of the European Union itself.

German journalist Ernst Wolff paints an even darker scenario. He contends that the globalist European leaders heading the World Economic Forum (WEF) are crashing the global economy intentionally, in order to clear the chessboard for the WEF’s “Great Reset.” They’re doing this, he says, because they have to. The global bankers’ boom-and-bust financial system is now so top-heavy and debt-laden that it cannot be sustained. Problem/reaction/solution: desperate people will welcome the WEF’s Great Reset, in which they will own nothing but will be offered a marginally adequate Universal Basic Income with onerous strings attached. This subsistence income will be doled out through a central bank digital currency (CBDC) controlled nationally by the country’s central bank and globally by the IMF as issuer of the reserve currency and, ultimately, of a single global currency.

There are indications, however, that the U.S. Fed is not going along with this Eurocentric globalist push. Financial blogger Tom Luongo points to Jerome Powell’s clash with Christine Lagarde in May last year over her insistence that central banks require private banks to monitor the business of their clients, and to the Fed’s raising its repo rate to 0.25% in June, attracting investors earning zero interest in the European repo market into the U.S. dollar and away from the euro. Luongo suggests that the Fed’s resistance to the globalist plan comes from the Wall Street banks that own the New York Fed, which are not willing to give up the U.S. dollar’s status as global reserve currency and could be driven out of business by a CBDC distributed directly through individual central bank accounts.

Preserving the current Wall Street-dominated system, however, hardly helps Main Street. The pandemic added $5 trillion to the fortunes of the billionaire class; but government-instituted lockdowns permanently shuttered more than 100,000 U.S. businesses and left vast portions of the population living on the edge. According to a recent study from Johns Hopkins University, the detrimental impact of global lockdowns substantially outweighed their public health benefits.

Is It Time to Amend the Federal Reserve Act?

The U.S. dollar is backed by the full faith and credit of the United States: it retains its value because the American public is willing to take it in exchange for their goods and services. But the public has not been allowed access to the bottomless pool of central bank liquidity that backstops this public credit.

According to Cornell Law School Prof. Robert Hockett, however, the framers of the Federal Reserve Act intended for Main Street businesses to be able to tap this liquidity pool. He argues that the Fed already has the monetary tools it needs to rescue the real, productive economy. They just haven’t been used – for over a century. The Fed can stay in its own lane and stimulate local production using monetary policy baked into the Federal Reserve Act itself.

Cornell Law School’s Prof. Robert Hockett wrote in Forbes in March last year that the Federal Reserve System was originally designed to be “something akin to a network of regional development finance institutions. … Each of the twelve regional Federal Reserve Banks was to provide short-term funding directly or indirectly (through local banks) to developing businesses that needed it. This they did by ‘discounting’ – in effect, purchasing – commercial paper from those businesses.” Investopedia explains:

Commercial paper is a commonly used type of unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable and inventories, and meeting other short-term liabilities…. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest rates.

In determining what kinds of commercial paper to discount, wrote Hockett, “the Federal Reserve Act both was – and ironically remains – quite explicit about this: Fed discount lending is solely for ‘productive,’ not ‘speculative’ purposes.”

In a follow-up article, Hockett explained that the drafters of the Federal Reserve Act, notably Carter Glass and Paul Warburg, were essentially following the Real Bills Doctrine (RBD). Previously known as the “commercial loan theory of banking,” it held that banks could create credit-money deposits on their balance sheets without triggering inflation if the money were issued against loans backed by commercial paper. When the borrowing companies repaid their loans from their sales receipts, the newly created money would just void out the debt and be extinguished. Their intent was that banks could sell their commercial loans at a discount at the Fed’s Discount Window, freeing up their balance sheets for more loans. Hockett wrote:

The RBD in its crude formulation held that so long as the lending of endogenous [bank-created] credit-money was kept productive, not speculative, inflation and deflation would be not only less likely, but effectively impossible. And the experience of German banks during Germany’s late 19th century Hamiltonian ‘growth miracle,’ with which the German immigrant Warburg, himself a banker, was intimately familiar, appeared to verify this. So did Glass’s experience with agricultural lending in the American South.

According to Prof. Carl Walsh, writing in The Federal Reserve Bank of San Francisco Newsletter in 1991:

The preamble sets out very clearly that one purpose of the Federal Reserve Act was to afford the means of discounting commercial loans. In its report on the proposed bill, the House Banking and Currency Committee viewed a fundamental objective of the bill to be the “creation of a joint mechanism for the extension of credit to banks which possess sound assets and which desire to liquidate them for the purpose of meeting legitimate commercial, agricultural, and industrial demands on the part of their clientele.”

“Liquidating” loans backed by “real bills” basically meant turning a company’s receivables into bank-issued credit that could be spent on the workers and materials needed to produce its goods and services, bringing supply in balance with demand. That “monetization” of debt might not drive up prices, but external factors obviously could. Today those factors include supply chain problems, worker shortages, and resource shortages. In the 1920s, the trigger was speculation in the stock market.

The real bills policy was discredited after the stock market crash of 1929, due to overly-strict application by the Fed. As the tale is told in Wikipedia:

Fed Board member Adolph C. Miller in 1929 launched his Direct Pressure initiative. It required all member banks seeking Federal Reserve discount window assistance to affirm that they had never made speculative loans, especially of the stock-market variety. No self-respecting banker seeking to borrow emergency reserves from the Fed was willing to undergo such interrogation, especially given that a “hard-boiled” Fed was unlikely to grant such aid. Instead, the banks chose to fail (and the Fed let them), which they did in large numbers, almost 9000 of them.

But the policy’s original objective remains sound: “creation of a joint mechanism for the extension of credit to banks which possess sound assets and which desire to liquidate them for the purpose of meeting legitimate commercial, agricultural, and industrial demands on the part of their clientele.”

Walsh noted that discount window borrowing is currently available only for easing very short-term reserve shortages. When the Fed wants to expand bank lending, it purchases government securities from the banking sector, allowing bank reserves to expand. But he observed that this maneuver does not necessarily increase bank lending, and that some commentators argued that the Fed should be allowed to purchase existing loans from banks that could then use the funds to back new loans on the “real bills” theory.

Compare North Dakota’s “Mini-Fed”

How might that work today? For some idea, we can look to the highly successful state-owned Bank of North Dakota, which has been described as a “mini-Fed” for the local banks of that state. Again quoting Wikipedia:

The BND serves as a wholesale bank for the state’s community banks and credit unions. It participates in loans created by the local banks by expanding their size, providing loan guarantees, and “buying down” interest rates. Additionally, it buys loans from bank portfolios as well as community bank stocks. The bank provides other banking services to local banks, such as clearing checks, acting as depository for their reserves, and providing federal funds.

According to a May 2020 article in The Washington Post titled “North Dakota Businesses Dominated the PPP”:

Small businesses there secured more PPP [Paycheck Protection Plan] funds, relative to the state’s workforce, than their competitors in any other state ….

What’s their secret? Much credit goes to the century-old Bank of North Dakota …. According to Eric Hardmeyer, BND’s president and chief executive, BND connected the state’s small bankers with politicians and U.S. Small Business Administration officials and even bought some of their PPP loans to help spread out the cost and risk.

… BND offers few retail services or direct loans, with the notable exception of student loans. Instead it partners with local banks, multiplying their lending power and guiding them through the ever-evolving global financial system….

BND has already rolled out two local successor programs to the PPP, intended to help businesses restart and rebuild. It has also offered deferments on its $1.1 billion portfolio of student loans.

Updating the Federal Reserve Act

The Paycheck Protection Plan was one of many relief programs established in March 2020 that were funded with Fed credit and capitalized with money from the Treasury. But Treasury backing would not actually be necessary to restore the Fed’s Discount Window to its original function. The Federal Reserve Act would just need a bit of tweaking to bring it into the 21st century.

To start, Hockett says we need many more Federal Reserve branches than the original twelve, which are not distributed proportionately to today’s populations. The three-month limit on commercial loans and six-month limit on municipal government loans in Federal Reserve Act §10b also need to be extended; and we need a national funding agency for infrastructure, similar to the Reconstruction Finance Corporation that restored the depression-ridden U.S. economy in the 1930s. Hockett has drafted a bill for implementing his proposals, found here.

That could work for long-term production, but families faced with rising food and energy bills need help right now. Until production catches up with demand, the innovative Cornell professor suggests that the Fed can counteract the speculation that is driving up those prices with “Open Market Operations,” using its new Chicago Fed trading desk to short them in the market. Direct market intervention is highly controversial and could obviously be misused; but the tool exists, and, if properly directed, it could help satisfy the Fed’s mandate to maintain consumer price stability. For more on that rather complicated subject, see here and here.

To sum up: today’s price inflation was triggered not so much by “too much money” as by “too little supply,” due to lockdowns and mandates. The Fed can help restock consumer supplies using tools already in its toolbox. They include Open Market Operations to counteract speculation, and the Discount Window to purchase loans from local banks that would be willing to fund Main Street businesses if they had some help from the national Lender of Last Resort. We need the sort of Discount Window envisioned by the drafters of the Federal Reserve Act, one providing the liquidity to backstop bank advances against the future productivity of local businesses.

•  This article was first posted on ScheerPost.

The post Rather Than Sink Main Street by Raising Interest Rates, the Fed Could Save It: Here’s How first appeared on Dissident Voice.

Robert Francis Kennedy, Jr.’s Heroic Resistance to the CIA’s Continuing Covid Coup D’état

A Meditation

With his extraordinary new book, The Real Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health, RFK, Jr. has made it very clear that he will not allow Orwell’s 1984 totalitarian boot to stamp on his face.  His is a very rare moral courage, and he is asking us to join him, before it is too late and we enter into a new dark age, in recognizing and resisting the evil forces intent on stamping out democracy around the world.  He is not pulling his punches with language as he accuses the political-intelligence-media-money-medical-corporate-pharmaceutical conspirators of executing “the controlled demolition of American constitutional democracy.”  For a brilliant and highly accomplished lawyer and excellent writer and speaker, the choice of those words “controlled demolition” is clearly intentional.

For anyone who doubts that the Covid-19 crisis is an intelligence-run operation controlled by spooks working with medical technocrats like Anthony Fauci, billionaires such as Bill Gates, the military, media, Big Pharma, the World Economic Forum, etc., a close reading of this book – with its 2,194 references – will disabuse one of that illusion.

The CIA has long been deeply involved with vaccines, viruses, drugs, weaponizing cancer, biological weapons, and, of course, massive mind-control operations – deadly propaganda in plain English – for use in controlling U.S. Americans and foreigners alike.  As Kennedy writes in an ironically understated way, “The pervasive CIA involvement in the global vaccine putsch should give us pause.”  Yes, a long pause.  He continues:

There is nothing in the CIA’s history, in its charter, in its composition, or in its institutional culture that betrays an interest in promoting either public health or democracy. The CIA’s historical preoccupations have been power and control. The CIA has been involved in at least seventy-two attempted and successful coup d’état between 1947 and 1989, involving about a third of the world’s governments. Many of these were functioning democracies. The CIA does not do public health. It does not do democracy. The CIA does coups d’état. [my emphasis]

Just as it does Kennedy assassinations.

Character assassination of Robert F. Kennedy, Jr. is what the CIA and its media mouthpieces have been doing for years. This has become more and more necessary as they have realized the great growing danger he poses to their agenda. Calling him an anti-vaxxer, conspiracy theorist, and names far worse, is part of a concerted smear campaign to turn the public away from his message, which is multi-faceted and supported by deep research and impeccable logic. Like his father and uncle, he has become an irrepressibly eloquent opponent of the demonic forces intent on destroying the democratic dream.

With The Real Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health, he has pinned his indictment of those forces to the world’s wall for all to read.

Just as this new book will not be reviewed by the corporate mainstream media, not even negatively for fear of promoting it by doing so, so too the last book he wrote, American Values: Lessons I Learned from My Family, was completely ignored by such media.

As I wrote three years ago in the only review of that book:

When a book as fascinating, truthful, beautifully written, and politically significant as American Values: Lessons I Learned from My Family, written by a very well-known author by the name of Robert F. Kennedy, Jr. and published by a prominent publisher (HarperCollins), is boycotted by mainstream book reviewers, you know it is an important book and has touched a nerve that the corporate mainstream media wish to anesthetize by eschewal.

American Values is part memoir, part family history, part astute political analysis, and part-confessional, and is in turns delightful, sad, funny, fierce, and frightening in its implications.

What implications?   It is the heart of that book that had the obedient reviewers avoiding it like the plague, a plague introduced by a little mockingbird, as in Operation Mockingbird.  No member of the Kennedy family since JFK or RFK had dared to say what RFK, Jr. did in that book. He indicted the CIA in a carefully crafted and fully factual way for a vast array of crimes.  He spelled out the long war between the Kennedys and the CIA that resulted in the deaths of his father, Senator Robert F. Kennedy, and his uncle President John Kennedy.  He threw a gauntlet down in the midst of telling an entertaining and touching family saga, which included a critique of his own youthful transgressions.

But the nation’s spooks smelled danger in the tale and they are now more acutely aware that they must censor him because his message is finding an expanding audience of people sick of government lies  and very hungry for the truth.  More and more people are willing to follow this brave man into the darkness of our history and the ongoing coups d’état underway at home and abroad.  They smell a demonic author behind the Covid-19 propaganda.

While Dr. Anthony Fauci understandably stands at the center of this new book, and deservedly so for his evil machinations over so many decades, it is important to recognize that he is an obedient, albeit very powerful, underling in a systemic structure of evil, who has greatly materially profited from the sale of his soul.  Yet while this is true, to read Kennedy’s chapters on Fauci’s commanding role in the HIV/Aids fraud, the AZT shakedown, illegal experiments on children that killed at least 85, etc., is enough to make your blood boil and to realize that such actions must spring from a source far deeper than the thirst for lucre.  Something fiendish and sinister is at work with all this with the suffering and death it has caused, and in the ways it has foreshadowed the COVID-19 propaganda and the complicity of the mass media in fronting for Fauci and his allies, then and now.

Kennedy exhaustively details Fauci’s work as a drug dealer for Big Pharma, even while his job at NIAID is to protect and improve the people’s health, which has deteriorated dramatically over his tenure.  (It is important to mention parenthetically but not at all incidentally that the CIA “manages” the so-called war on drugs in a similar manner.)  Thus we have a war of drugs and a “war on drugs” working in tandem in a perfect scheme to drug as many people as possible.  Here are a few details:

  • Fauci has an annual $6 billion budget, most of which goes toward the research and development of new drugs.
  • He is the highest paid federal employee, more than the President, with an annual salary of $417, 608.
  • He controls 57 percent of global biomedical medical funding directly and indirectly via the NIH, Bill and Melinda Gates Foundation, and the Wellcome Trust, and therefore controls the scientists looking for research money.
  • He has for decades overseen the regulatory capture of government health agencies by Big Pharma.
  • The CDC, a paramilitary organization, spends $4.9 billion of its $12 billion budget buying and distributing vaccines, the vaccines that Fauci has been pushing. It also owns 57 vaccine patents.
  • Fauci and other officials receive yearly emoluments of up to $150,000 in royalty payments on products that they help to develop and push through the approval process.
  • He has for many years promoted false pandemics to promote novel vaccines, drugs, and pharmaceutical company profits.
  • Forty-five percent of the FDA’s budget comes from the pharmaceutical industry through what are euphemistically called “user fees.”
  • Fauci has a “strange fascination with,” and has invested in “gain of function” experiments to engineer superbugs, which is part of a long CIA history of weaponizing viruses, etc.

RFK, Jr.’s detailed exposure of Fauci’s role reminds me of reading Moby Dick and meditating on Melville’s description of Ahab – one has to enter a different mental space to begin to comprehend such evil, and even then one is struck dumb by its extent and the media’s complicity in covering it up for so long.

When I use the word evil, I am not using that word loosely, but very precisely, for the actions of Fauci and his ilk are evil, although the human being Anthony Fauci is still capable of contrition and redemption.  Anything is possible if not probable, but I am not holding my breath. Just as the actual people who shot JFK, RFK, MLK,Jr., et al. were obedient servants of the system that produced them – listen to Bob Dylan’s Only A Pawn in Their Game – Fauci is a product of a structural system of evil.  This is not to excuse him but to place his actions in an historical and structural context.

Obviously he is not a poor southern unschooled white man used by the KKK as in Dylan’s song, but a sophisticated and Jesuit-educated New Yorker brought to political consciousness within a system that amply rewards obedience to the authorities.  He is a graduate of the same Jesuit high school I attended, the elite Regis High School in NYC (and then the Jesuit College of the Holy Cross), and is considered by many of my classmates to be a national hero bordering on a saint.  Such schooling made me well aware of how the system gobbles up its youth with promises of wealth and prestige if they yoke their intellectual acumen to allegiance to the rules of the game and become what Hannah Arendt termed “schreibtischtäter” – desk killers, or what the great American poet Kenneth Rexroth called hyenas with polished faces in the offices of billion dollar corporations devoted to “service.”

That such socialization is presented as being “a man for others” within the Jesuit tradition of mind-control, doubles its effectiveness as a confidence game.  That is why so many decent young people succumb to this siren call.  It then, however, demands the quelling of an uneasy conscience.

Jean Paul Sartre called this bad faith (mauvaise foi), a form of mental trickery in which one tries to “lie” to oneself – an impossibility since the liar and the one lied to are the same person – which means the deceiver must really know the truth that he is trying to conceal from the deceived.  This form of split consciousness allows those who serve a rapacious system to attempt to deceive themselves and others that they are serving a just cause.  Such attempts demand an actor’s skill and the quelling of one’s inner voice.  But there are very many actors among us, as Nietzsche said, not genuine ones, but bad actors.  Fauci, Gates, et al. are bad actors in a propaganda film, at least for those who know how propaganda is produced and bad acting exposed.  Robert Kennedy is such an astute critic.

My purpose here is not to go into detail about Fauci and Gates’s connections to the U.S. intelligence and defense industries, for this is a meditation, not a review.  But those connections are massive.  Read the concluding chapter 12 in The Real Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health.  Check his sources, 298 for this chapter alone.  This is not speculation or theory, but fact.  Do your homework.  Study.  Kennedy says:

After twenty years [since the insider anthrax attacks following September 11, 2001: see Graeme MacQueen’s, The 2001 Anthrax Deception (isbn.nu)] of modeling exercises, the CIA – working with medical technologists like Anthony Fauci and billionaire internet tycoons – had pulled off the ultimate coup d’état: some 250 years after America’s historic revolt against entrenched oligarchy and authoritarians rule, the American experiment with self-government was over. The oligarchy was restored, and these gentlemen and their spymasters had equipped the rising technocracy with new tools of control unimaginable to King George or any other tyrant.

Yet the fight is far from over, and those with the tools and the mechanistic, material mindsets must contend with a rising tide of opposition to their plans for a “Great Reset” and a transhuman world.  We may be in the final battle of this war, but the human spirit is stronger than those who wish to stamp out human freedom.  Robert Kennedy, Jr. is leading the fight for the soul of the world, and it is both a political and spiritual one.

It does not take great intelligence to realize that when countries throughout the world act in a synchronized way in locking down their populations and repeat the same message on cue that such events are centrally coordinated.  The entire COVID-19 propaganda campaign, culminating with its push to enforce multiple vaccines that are not vaccines and are based on fraudulent PCR tests, has been long in preparation and the intelligence agencies’ fingerprints are all over its planning.  War game scenarios, weaponized vaccines, the CIA, the NIH, Gates, Fauci, the NIAID, DARPA, Wired magazine, the financial elites and their power centers such as the World Economic Forum, etc. – they are all involved in a conspiracy to impose a rigid global tyranny over regular people for the benefit of the world’s super-rich.  Since Fauci’s coordinated lockdowns early in 2020, there has been a 3.8 trillion dollar shift in wealth upwards to the super-rich, creating 500 new billionaires, while pulverizing the middle class, destroying small businesses, enriching Fauci and his Pharmaceutical and robber baron corporate partners, and causing vast suffering and death all around the world.  None of this is accidental. Kennedy documents it all.  He writes:

Dark Winter, Atlantic Storm, and Global Mercury were only three of over a dozen Germ Games staged by military, medical, and intelligence planners leading up to COVID-19. Each of these Kafkaesque exercises became uncanny predictors of a dystopian age that pandemic planners dubbed the “New Normal.” The consistent feature is an affinity among their simulator designers for militarizing medicine and introducing centralized autocratic governance.

Each rehearsal ends with the same grim punchline: the global pandemic is an excuse to justify the imposition of tyranny and coerced vaccination. The repetition of these exercises suggests that they serve as a kind of rehearsal or training drill for an underlying agenda to coordinate the global dismantlement of democratic governance….Virtually all of the scenario planning for pandemics employ technical assumptions and strategies familiar to anyone who has read the CIA’s notorious psychological warfare manuals for shattering indigenous societies, obliterating traditional economics and social bonds, for using imposed isolation and the demolition of traditional economies to crush resistance, to foster chaos, demoralization, dependence and fear, and for imposing centralized and autocratic governance.

U.S. and foreign intelligence agencies have dominated the COVID-19 military project from the start.  The CIA and Fauci are central to the official “conspiracy theory” – accurately called fact – including “Operation Warp Speed” under Trump.  Trump simply carried on the work of his predecessors, including Obama, but acted as if he was opposed to it.  It has always been a bi-partisan program because the CIA runs both parties.

When he was in prison in Germany after returning in 1939 from Union Theological Seminary in NYC to oppose Hitler, the German theologian Dietrich Bonhoeffer wrote the following from his prison cell before he was executed:

Against stupidity we have no defense. Neither protests nor force can touch it. Reasoning is of no use. Facts that contradict personal prejudices can simply be disbelieved — indeed, the fool can counter by criticizing them, and if they are undeniable, they can just be pushed aside as trivial exceptions. So the fool, as distinct from the scoundrel, is completely self-satisfied. In fact, they can easily become dangerous, as it does not take much to make them aggressive. For that reason, greater caution is called for than with a malicious one. Never again will we try to persuade the stupid person with reasons, for it is senseless and dangerous.

By stupid he did not mean that such people lacked intellectual ability, for they were often very smart, but that they had fallen under the spell of public power and lost all independence of mind.  Thus he adds, “He is under a spell, blinded, misused, and abused in his very being. Having thus become a mindless tool, the stupid person will also be capable of any evil and at the same time incapable of seeing that it is evil.”

Robert Francis Kennedy, Jr. is still trying to reach these people.  His is an heroic task.  No wonder Kennedy is named for St. Francis to whom he is devoted; St. Francis taught him and us that courage and sacrifice are what God asks of us all.

One of his father’s favorite quotes defines the son as well; it is from Edith Hamilton, the author of The Greek Way, who wrote:

Men are not made for safe havens. The fullness of life is in the hazards of life…. To the heroic, desperate odds fling a challenge.

Robert Francis Kennedy, Jr. has stepped up to the challenge.  He is brave and brilliant.  We are blessed to have his witness.

The post Robert Francis Kennedy, Jr.’s Heroic Resistance to the CIA’s Continuing Covid Coup D’état first appeared on Dissident Voice.

Collusion: The End of Nature, Brought to us by Zoom

The only way to break through a totalitarian (lite) thinking is to continue using blunt force, or airy force, to expose this massive experiment in turning Americans into screen dwellers. The new ghetto is the screen.

The lockdown might be lifted, physically, for the Covdians, but in the minds of these people, the world is now shifting to the high tech, fiber optic, 5G/6G satellite-directed world.

Imagine this event, on the ecosystems of my area, now, a virtual event. It is embarrassing that science-minded people want public and community participation over zoom. No depth to why it has to be “virtual,” and no apologies for being so dense.

Or, are they dense? Are they loving this hybrid, virtual, remote work mentality? You know, I was just interviewed by the State of Oregon for a state job. The thing was on Zoom, and there were three there and me here. One question was around “how would you make virtual meetings and intakes more engaging . . . . ?” This is the new normal, alas, and this huge shift of bricks and mortar life, into the AI void, and with these huge (massive) transfers of trillions to a very few felons of the elite class, these scientists who have grants and faculty positions and tenure, they will not lead the way anywhere.

And their world is all fancy web-based crap, like cool photos, imaginary graphics, all compressed and collected to make people say, “Oh, isn’t it wonderful how wonderful the scientists working in the wonderful natural world are!!’

 

In this Greta-and-Company-Can-Fly-to-GLasgow-to-Protest-Their-Governments’-Fossil-Fuel-Lunacy, many people I know are so happy now that Zoom is a fixture in their lives, and that they do not have to brave the Highway 101, or the weather, or the climate warnings. These people who might be interested in ecology and marine preserves and environmental policy are usually on the left trough of the manure pile of politics called Democrats. They are, of course, the new Brown Shirts, but call them Green Shirts, or Zoom Shirts. Their world, and the one they are ushering in since youth, have no say in how things SHOULD be run. It is not a real world, but one that is full of maps and podcasts and TED Talks and faux interactive chats and Zooms:

We are talking about 14 square miles designated as a marine reserve. Then some overflow for seabird protection area. This is, again, embarrassing. There is an interpretive center at Cape Perpetua, one that I have been at for in-person events. There are parking spaces. There are so many ways these great thinkers and planners could have organized an in-person event, even with their defective masks and asinine social distancing. That, my friends, will not happen. More and more youth are getting more and more skills with the mouse, the CAD programs, with Publisher and Photoshop. Their world is a world where billionaires own everything, and living in a van with full bed, TV, running water, hell, that is what youth are going to be having to accept as more and more dictatorial thinkers run the world, run events, run programs and educational frameworks.

Between Florence and Yachats lies the Cape Perpetua area, a biodiverse recreation mecca home to lush coastal rainforests and deep cultural history. But past the coastline also lies the largest Oregon marine reserve. The Cape Perpetua Marine Reserve is dedicated to the research and conservation of ocean ecosystem, where take of wildlife and human development is restricted. Cape Perpetua area also contains two Marine Protected Areas (MPAs) and a seabird protection area. Unlike the reserve, these protected areas allow limited take in their boundaries.

Within the reserve, creatures large and small live in various habitats from sand, gravel, to some of the most biologically diverse rocky intertidal habitats anywhere on the Pacific Northwest. These creatures live in a unique ecosystem shaped by the ever-changing weather and tides. Some days, strong winds will pull cold, oxygen-rich water and plankton up to the surface in a process called upwelling, while on other, more stagnant days, the water loses its oxygen and becomes hypoxic.

Because of its dynamic environment, the Cape Perpetua Marine Reserve is home to a plethora of wildlife such as whales, sea lions, seals, pelicans, cormorants, rockfish, and intertidal invertebrates that fuel a complex food web between the land and sea. (source)

It’s a fear pogrom that is both sophisticated beyond Big Brother, and yet, right to the primary brain center of reptilian stupidity and violence.

Here, Edward Curtain over at Dissident Voice, covers this fear, this divide, etc. Source.

Edward Curtin returns to discuss deep politics and what links the assassination of JFK, 9/11, and Covid-19. No president since Kennedy has dared to buck the Military-Industrial-Complex, including Trump, who is part of the same system that produced both Obama and Biden. He discusses the 1967 CIA memo which told mainstream media to use the disparaging term “conspiracy theory” to quell all deviation from the official narrative, and how this propaganda technique has continued to function from JFK to 9/11 to Covid-19. Many of the same actors involved in the MIC and 9/11 continue to be involved with the drug companies, CDC, WEF, WHO, Gates Foundation, and the Rockefeller Foundation. It’s very obvious, but the story is so frightening people don’t want to do any homework. Too many people think there is this war going on between the right and the left, in the larger frame of reference there is no difference, it’s the warfare state against the regular people, the rich versus the poor. The 4IR is an effort for total political and economic control of peoples all over the world. He believes the purpose of the vaccine mandate is for political control. Ultimately, we are in a spiritual war. The Geopolitics & Empire Podcast conducts interviews with high-profile guests on geopolitics and international affairs seeking to gain insight from experts on both the left and the right as to the true nature of current events. Read other articles by Geopolitics & Empire, or visit Geopolitics & Empire’s website.

The tricksters are at it and have been for decades. The worker — that is teachers and faculty, too, especially — is the enemy. The students are the enemy. So many billions pumped into studying the brain, psychology, neurosciences, behavioral psychiatry, etc. I saw this in 1983 when I was a graduate student, teaching college English. Some of these long in the tooth folk, who want their Vermont or Hawaii lives, but still be the teacher of record for our campus, UT-El Paso. That’s Texas, and already in the 1980s these folk wanted hybrid classes, on-line. Imagine that, critical thinking and debating writing classes, on line! Before ZOOM.

Oh, big companies would “give” laptops to workers — Ford, IBM, HP — not as gifts, but to extract MORE work out of the 40 hour week, and that is now 50 or 60 hours. That is, well, the beginning of technology destroying every aspect of our real selves.

Now, community colleges are up shit creek, pre-planned-demic, but now, too. Imagine, more and more pieces of the state budget pie reduced for Podunk community colleges — vital places of not just learning, but community events, incubators of thinking, and connections to much more than just academia. So, more and more raised tuitions, more and more part-time faculty hired, more and more hybrid classes, and now, the Zoom Doom. Imagine, one teacher on Zoom running a class of 80, 90? This is the new normal — kill the person.

The online option seems to work for all kinds of students. When the financial-aid team returned to campus in August, Bohanon opened up her schedule for in-person appointments. For the first week, no one registered to see her. She told her supervisor she wanted to add online appointments again, and reserved 8 a.m. to noon for online and the rest of the day for in-person walk-ins. “In the morning when I come in — full,” she says. Afternoon? Nothing.” Now her schedule is full every day, but all her appointments are virtual.

The push-and-pull between in-person and online courses continues for students at Southwest, but it may be starting to shift toward the latter. One of the pieces of conventional wisdom about community colleges during the pandemic is that students often dislike or fear online learning — a refrain repeated often at Southwest. But more than a year and a half after colleges transitioned to large-scale distance learning, many of the students at Southwest who persisted have begun to favor online sections over the nearly 40 percent of courses being taught in person.

Rebuild? Time for a revolution inside K12 and higher education. Regroup? Revolt neoliberalism and illiberalism and the constant attack on education. Or, attack on schooling. Constant attack on learning! These so-called leaders have collapsed, and they have crawled under their retirement accounts, and they are seeing-hearing-speaking no evil. This is the Chronicle of Higher Education, a very retrograde, conservative, cover-their-asses-rag!

The new normal is being accepted by the masses, but the mealy mouthed academics and those on the peripheral of academia are coming out like flies on shit:

Southwest and other community colleges may just have to wait out Covid. Even if the virus doesn’t completely go away, the risks may get lower and people may become more accustomed to living with it. “I really think that’s going to be the biggest thing, is time,” Brown says, “and people feeling it’s safe to completely return to, we won’t call it normal, but like the new normal.”

If there’s one thing community colleges should not do, says Eddy, of William & Mary, it’s go back to normal. “It would be a mistake to think, I just need to wait this out to come to a time where we’re going to have more openness,” she says. After a decade of gradually declining enrollments, the pandemic has brought community colleges to an inflection point where they have a chance to — may even be impelled to — make some changes, many perhaps overdue.

Read the article, and look between the lines. These people are stating that the planned pandemic made virtual learning more onerous because students didn’t have laptops and Wi-Fi, and didn’t know what a JPEG or PDF were. Oh, you get it, don’t you? Get those students free (US taxpayer paid for) computers and free (US taxpayer paid for) Wi-Fi. Bootcamps for Microsoft Office 10.0 Adobe workshops. Get those students to be on-line warriors. Take it, and you can’t leave it or you will be cancelled from society.

And this all goes back to the Zoom event, about Cape Perpetua, about 12 miles from where I live, via Highway 101. You think there will be regard for people who want trails for hiking, trails for biking, rivers for kayaking? You think that the overlords want to have us out in nature, out along highways and by-ways? These overlords want to own the world, the land, the forests, the farms, all of it, and they want security, and they want no trespassing, and they want no by-standers and witnesses.

The scientists just take it, because that’s what mechanistic folk do — strip away the A from STEAM — Science Technology Engineering Arts and Math.

This is the motherfucker, the mentality, the demented thought process, and the messed up media, all the brainwashed fuckers of the world, in a nutshell:

“I Don’t Think We Should Ever Shake Hands Again.” Dr. Fauci Says Coronavirus Should Change Some Behaviors for Good

These are madmen:

Madman and madwoman —

Joe Biden CDC Director Rochelle Walensky Takes Over Institution in Crisis - Bloomberg

Terrorists and war criminals —

World Economic Forum: a history and analysis | Transnational Institute

Billionaires ‘R Us —

Davos 2020: What is the World Economic Forum and is it elitist? - BBC News

This is it, man, the last frontier — education! Covid car, online programs, internet-access solutions. If you read this site, The Chronicle of Higher Education, there is not pushback, no discussion of the 4IR, the Fourth Industrial Revolution.

Oh, the senseless stupidity of it all, the Covid Van.

MahoneyCar-1109.jpg
The post Collusion: The End of Nature, Brought to us by Zoom first appeared on Dissident Voice.

Conservation or Land Grab? The Financialization of Nature

Just in time for the UN’s policy push for “30 x 30” – 30% of the earth to be “conserved” by 2030 – a new Wall Street asset class puts up for sale the processes underpinning all life.

A month before the 2021 United Nations Climate Change Conference (known as COP26) kicked off in Scotland, a new asset class was launched by the New York Stock Exchange that will “open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to dominate not just the human economy, but the entire natural world.” So writes Whitney Webb in an article titled “Wall Street’s Takeover of Nature Advances with Launch of New Asset Class”:

Called a natural asset company, or NAC, the vehicle will allow for the formation of specialized corporations “that hold the rights to the ecosystem services produced on a given chunk of land, services like carbon sequestration or clean water.” These NACs will then maintain, manage and grow the natural assets they commodify, with the end goal of maximizing the aspects of that natural asset that are deemed by the company to be profitable.

The vehicle is allegedly designed to preserve and restore Nature’s assets; but when Wall Street gets involved, profit and exploitation are not far behind. Webb writes:

[E]ven the creators of NACs admit that the ultimate goal is to extract near-infinite profits from the natural processes they seek to quantify and then monetize….

Framed with the lofty talk of “sustainability” and “conservation”, media reports on the move in outlets like Fortune couldn’t avoid noting that NACs open the doors to “a new form of sustainable investment” which “has enthralled the likes of BlackRock CEO Larry Fink over the past several years even though there remain big, unanswered questions about it.”

BlackRock is the world’s largest asset manager, with nearly $9.5 trillion under management. That is more than the gross domestic product of every country in the world except the U.S. and China. BlackRock also runs a massive technology platform that oversees at least $21.6 trillion in assets. It and two other megalithic asset managers, State Street and Vanguard (BlackRock’s largest shareholder), already effectively own much of the world. Adding “natural asset companies” to their portfolios could make them owners of the foundations of all life.

A $4 Quadrillion Asset — The Earth Itself

Partnering with the New York Stock Exchange team launching the NAC is the Intrinsic Exchange Group (IEG), major investors in which are the Rockefeller Foundation and the Inter-American Development Bank, notorious for imposing neo-colonialist agendas through debt entrapment. According to IEG’s website:

We are pioneering a new asset class based on natural assets and the mechanism to convert them to financial capital. These assets are essential, making life on Earth possible and enjoyable. They include biological systems that provide clean air, water, foods, medicines, a stable climate, human health and societal potential.

The potential of this asset class is immense. Nature’s economy is larger than our current industrial economy ….

The immense potential of “Nature’s Economy” is estimated by IEG at $4,000 trillion ($4 quadrillion).

Webb cites researcher and journalist Cory Morningstar, who maintains that one of the aims of creating “Nature’s Economy” and packaging it via NACs is to drastically advance massive land grab efforts made by Wall Street and the oligarch class in recent years, including those made by Wall Street firms and billionaires like Bill Gates during the COVID crisis. The land grabs facilitated through the development of NACs, however, will largely target indigenous communities in the developing world. Morningstar observes:

The public launch of NACs strategically preceded the fifteenth meeting of the Conference of the Parties to the Convention on Biological Diversity, the biggest biodiversity conference in a decade. Under the pretext of turning 30% of the globe into “protected areas”, the largest global land grab in history is underway. Built on a foundation of white supremacy, this proposal will displace hundreds of millions, furthering the ongoing genocide of Indigenous peoples.

The UN’s “30 x 30”

The land grab of which Morningstar speaks is embodied in a draft agreement called the “Post-2020 Global Biodiversity Framework,” currently being negotiated among the 186 governments that are signatories to the Convention for Biological Diversity. Part I of its 15th meeting (COP15) closed on October 15, just ahead of COP26 (the 26th UN Climate Change Conference of the Parties) hosted in Glasgow from October 31 through November 12. COP26 focuses on climate change, while COP 15 focuses on preserving diversity. Part II of COP15 will be held in 2022. The draft text for the COP 15 nature pact includes a core pledge to protect at least 30% of the planet’s land and oceans by 2030.

In September 2020, 128 environmental and human rights NGOs and experts warned that the 30 x 30 plan could result in severe human rights violations and irreversible social harm for some of the world’s poorest people. Based on figures from a paper published in the academic journal Nature, they argued that the new target could displace or dispossess as many as 300 million people. Stephen Corry of Survival International contended:

The call to make 30% of the globe into “Protected Areas” is really a colossal land grab as big as Europe’s colonial era, and it’ll bring as much suffering and death. Let’s not be fooled by the hype from the conservation NGOs and their UN and government funders. This has nothing to do with climate change, protecting biodiversity or avoiding pandemics – in fact it’s more likely to make all of them worse. It’s really all about money, land and resource control, and an all out assault on human diversity. This planned dispossession of hundreds of millions of people risks eradicating human diversity and self-sufficiency – the real keys to our being able to slow climate change and protect biodiversity.

30 x 30 in the United States

The 30 x 30 target was incorporated in President Biden’s Executive Order on Tackling the Climate Crisis at Home and Abroad dated January 27, 2021, which includes at Sec. 219 “the goal of conserving at least 30 percent of our lands and waters by 2030.”

How that is to be done is not clearly specified, but proponents insist it is not a “land grab.” Critics, however, contend there is no other way to pull it off. Only about 12% of land and water in the U.S. is now considered to be “in conservation,” including wilderness lands, national parks, national wildlife refuges, state parks, national monuments, and private lands with permanent conservation easements (contracts to surrender a portion of property rights to a land trust or the federal government). According to environmental expert Dr. Bonner Cohen, raising that figure to 30%, adding 600 million acres to the total, “means putting this land and water (mostly land) off limits to any productive use in perpetuity. To accomplish this goal, the federal government will have to buy up – through eminent domain or other pressures on landowners making them ‘willing sellers’ of their property – millions of acres of private land.”

In July 2021, 15 governors wrote to the Administration opposing the plan, led by Gov. Pete Ricketts of Nebraska. Ricketts said in a press release:

This requires restricting a land area the size of the State of Nebraska every year, each year, for the next nine years, or in other words a landmass twice the size of Texas by 2030.

This goal is especially radical given that the President has no constitutional authority to take action to conserve 30% of the land and water.

The Real Threat to Mother Nature

The federal government may have no constitutional authority to take the land, but a megalithic private firm such as BlackRock could do it simply by making farmers and local residents an offer they can’t refuse. This ploy has already been demonstrated in the housing market.

According to a survey reported in The Guardian on October 12, 2021, nearly 40% of U.S. households are facing serious financial problems, including struggling to afford medical care and food; and 30% of lower income households (those earning under $50,000 per year) said they had lost all their savings during the coronavirus pandemic. In the first quarter of 2021, 15% of U.S. home sales went to large corporate investors including BlackRock, which beat out families in search of homes just by offering substantially more than the asking price. Sometimes whole neighborhoods were bought up at once for conversion into rental properties.

BlackRock’s chairman Larry Fink is on the board of the World Economic Forum, which until recently featured a controversial promotional video declaring “You will own nothing, and you’ll be happy.”

We all want a clean environment, and we want to preserve species biodiversity. But that includes human biodiversity – acknowledging the rights of rural landowners and Indigenous peoples, the land’s natural stewards. The greatest threat to the land is not the people living on it but those well-heeled investors who swoop in to buy up the rights to it, financializing the earth for profit.

Not just private property but those public lands and infrastructure once known as “the commons” are now under threat. We face an existential moment in our economic history, in which accumulated private wealth is acquiring carte blanche control of the essentials of life. Whether that juggernaut can be stopped remains to be seen, but the first step in any defensive action is to be aware of the threat at our doorsteps.

• This article was first posted under a different title on ScheerPost. Ellen Brown is an attorney, chair of the Public Banking Institute, and author of thirteen books including Web of DebtThe Public Bank Solution, and Banking on the People: Democratizing Money in the Digital Age.  She also co-hosts a radio program on PRN.FM called “It’s Our Money.” Her 300+ blog articles are posted at EllenBrown.com

The post Conservation or Land Grab? The Financialization of Nature first appeared on Dissident Voice.