by Ernst Wolff (translated by Elias Davidsson)
Editor’s Note: This fantastic article appeared in German on September 17, 2020 at Rubikon.news. Originally it was a lecture given at an “alternative” World Economic Forum meeting in Davos, Switzerland. (4600 words)
Not only do we currently live in a world of extremes and superlatives, we find ourselves in a historically exceptional and unprecedented situation.
Never before in the history of the economy and society have so many records been achieved as in 2020. Never before have so many production facilities been closed down and so many supply chains interrupted. Never before has there been such a collapse in the demand for manufactured products and raw materials.
The lockdown we have experienced is the biggest economic shock in history — and it is not the result of wars, political conflicts or natural disasters, but the result of deliberately induced decisions by governments — against the following background:
We currently have the world’s highest level of debt – $275 trillion. This means that household, corporate and government debt has doubled since 2006.
We have the lowest interest rates in 3000 years. Never before in the history of money have there been such low interest rates as today. We are currently dealing with the highest number of zombie companies – i.e., companies that are no longer viable on their own and are dependent on loans and bonds — mostly expensive junk bonds.
We are dealing with the highest number of delayed insolvencies and the highest number of bad loans. We have the highest number of unemployed and the highest number of jobs at risk worldwide. And finally, we have the highest number of states in need: by April 2020 alone, 102 states had applied for emergency aid from the International Monetary Fund (IMF).
FINANCIAL SECTOR OR THE REAL ECONOMY?
Moreover, we currently have the greatest disparity between the financial sector and the real economy. In the financial sector, we experienced the most severe and fastest stock market slump of all time in March 2020 — in just a few days, share prices fell more sharply than in the great crash of 1929.
We then experienced the fastest recovery ever in April. Last week, Apple was the first company in the world to record a stock market value of over 2 trillion US dollars. Apple was founded in 1976. It took 42 years to reach a market value of 1 trillion and has now made the second trillion in two years.
This was all made possible by the largest injection of money ever. The US central bank (the Federal Reserve) alone expanded its balance sheet by 3 trillion US dollars in April 2020. And this was against the backdrop of the longest stock market upswing ever recorded — from 2008 to 2020.
We are currently seeing the result: we face the biggest bubbles ever — in stocks, bonds, and real estate.
Let’s consider the social consequences: We are currently dealing with the greatest social inequality of all time. Never before in the entire history of mankind has there been such a gulf between rich and poor as in our days.
A ‘REKORDJAHR’ FOR INEQUALITY
Moreover, in the past four months we have seen the highest increase in social inequality due to the greatest enrichment orgy in the history of money.
The US billionaires alone have increased their assets by 637 billion US dollars from the beginning of the Corona crisis until the beginning of August 2020. In the months of March and April 2020, the assets of Bill Gates increased by 7.5 billion US dollars, of Mark Zuckerberg by 23 billion US dollars, of Elon Musk by 50 billion US dollars and of Jeff Bezos by 75 billion US dollars.
This means that four individuals have become more than $150 billion richer in two months — while at the same time 40 million Americans have lost their jobs and many lost their livelihoods.
It also means that of the $3 trillion that the U.S. government and the FED pumped into the system in April 2020, more than one-fifth went to the top 0.00001 percent of the U.S. population. By the way, these are the people whose taxes have been cut by 79 percent since 1980, with the last cut only 3 years ago by President Trump.
If that is not enough to see how sick the current system is, then you should take a look at July 20, 2020: On this day, there was the highest daily growth in an individual’s wealth ever: Jeff Bezos (he holds 11 percent of Amazon’s shares) increased his assets by $23.2 billion on July 20, 2020. That is twenty times what 600 million Africans, combined, earned that day.
This means that we are not only living in an exceptional situation, but with an unprecedented acceleration of these devastating processes and, above all, an unprecedented intensification of the most dangerous social phenomenon: 2,000 years ago Plutarch already said that the inequality between rich and poor is the oldest and most fatal suffering of all republics.
The fact that this inequality has reached astronomical levels in the past six months means that we are on absolutely unexplored new territory and are heading at a continuously increasing speed towards a millennium event of which nobody knows what it will be like because there are no historical precedents.
And if you ask what has triggered this dramatic acceleration, there is a clear and unequivocal answer:
In 2020, for the first time in history, a disease was used as an opportunity to push through economic and financial measures with unimaginably far-reaching consequences.
I must clarify something at this point: I have no inclination for conspiracy theories and am no corona denier.… We are undoubtedly dealing with a pandemic. Covid-19 is a serious disease that is dangerous for certain groups of people, and for some it is even deadly.
However, this does not include all people – 75 percent do not notice that they are ill, and 20 percent remain completely symptom-free (primarily) those with high blood pressure, obesity, vitamin D deficiency, serious pre-existing conditions, particularly in the respiratory tract, a weak immune system and age-related immune deficiency. These people should definitely be protected.
USE DISEASE-HYGEINE TO STARVE PEOPLE?
But one doesn’t help these people by scaring the entire world population, by providing them with partly-unscientific rules of conduct while paralyzing the global economy. Or by sending millions into unemployment, by further inflating the circulating money supply, by distributing billions and billions to those who have the most anyway, and certainly not by sending hundreds of thousands and possibly millions of people in developing countries into certain starvation, as is currently happening.
What we have seen here in Europe is nothing compared to the gigantic catastrophe that is currently taking place in Africa, South America, and Asia…A statement issued by the ILO (International Labour Organisation, sub-organisation of the UN) in Geneva at the end of April 2020 indicates how dramatic the situation is there:
“For almost every second person, the corona pandemic represents an existential threat to their livelihood. Most affected are 1.6 of the two billion people engaged in irregular work, i.e. working without employment contracts, and who often live from hand to mouth. The income of these people has fallen by an average of 60 percent worldwide, and by more than 80 percent in Africa and Latin America. They have no savings or access to credit. That means no income, no food, no future.”
In view of this situation of an irreparable worldwide damage caused intentionally and in full awareness of the consequences, going far beyond what the disease Covid-19 itself causes, every critical person today must ask himself one question above all:
WHY?
Why did we do something we have never done before in the entire history of the world – not to react calmly, prudently and with a sense of proportion in the face of illness, but to crash the world economy with a jolt?
Why have governments that have made every effort in recent years to cut back on their health care systems suddenly made such a drastic turnaround, showing concern about the health of the population in an unprecedented way since February of this year?
Why, since the beginning of the pandemic, have governments only listened to the very experts that reacted to earlier pandemics with completely exaggerated forecasts, and whose predictions have, to a large extent, long since been refuted by reality?
Why do governments consistently ignore — and block — the opinions of experts who disagree with them?
Why are the criteria for lifting coercive measures being changed, time and again, in a way that favors their retention?
MOTIVES
Since all these questions have remained unanswered by the official authorities to this day, one must inevitably ask oneself the next question: Are there possibly, behind the professed protection of the population, different motives? Is it perhaps not at all about health, but about something completely different? Is there possibly a second agenda?
And indeed, there is a great deal of evidence and masses of facts and figures that suggest that a second agenda does exist. And since we are here in Davos: The most important indication comes from the founder of the World Economic Forum (WEF), Klaus Schwab, who last winter was one of the first internationally known personalities to speak quite openly about the need for a “Great Reset”.
What does this Great Reset mean? Very simply it means that the system under which we live is no longer functioning and must be restarted. In itself, that wouldn’t even be a bad thing, only: Klaus Schwab is not speaking for just anyone, but for his clientele, the international moneyed aristocracy, and they want a fresh start that will enable them to protect their assets under the current difficult conditions and also maintain their political power.
If you look closely, you will see that the Great Reset is basically nothing more than a brutal acceleration and intensification of several processes that have been going on for years and that benefit precisely this clientele. There are: the concentration of ever-larger assets and ever more power in ever fewer hands and the global tendency towards monopolization and cartel formation.
It is precisely these trends that currently stand in the way of “obstacles” that need to be removed in the interest of the moneyed aristocracy. What are these obstacles?
1. The global financial system. It is in its final stages and must therefore be reshaped in the interest of big money.
2. The consequences of the digital revolution. They lead to unprecedented job losses that threaten to disrupt, very soon, the global social fabric.
3. The role of central banks. This role is no longer sufficient to maintain a world in which the ultra-rich and their vassals have the say.
All three problems together have so far presented an almost insurmountable hurdle for the following reason: They can no longer be eliminated by reforms within the framework of parliamentary democracy. And if we look around the world with our eyes open, everything suggests that for this very reason we are currently experiencing a scenario in which a huge global chaos is being deliberately and intentionally created to enable changes that could not be made under normal circumstances.
All this is happening under the leadership of the current world power No. 1, namely the digital-financial complex.
Remember: In his farewell speech in 1961, American President Eisenhower warned against the “military-industrial complex”. Paraphrasing the term he used, I would describe the current world power, for which Klaus Schwab, among others, speaks and which he gathers around him every January here in the Swiss mountains, as the “digital-financial complex”.
THE DIGITAL-FINANCIAL COMPLEX
At the top of this digital-financial complex are, in the corporate sector, the major corporations Apple, Google, Amazon, Microsoft, Facebook and, in the financial sector, the giant BlackRock. In order to understand how this new world power has been able to gain so much influence, I would like to briefly discuss the three processes that have made this possible.
Development No. 1: The global financial system
I will start by looking at the development of the financial system under which we live. It is fundamentally undemocratic and contradicts all principles of justice or equality. It goes back to the Bretton Woods Conference in 1944, when the United States was the most powerful state in the world, with the strongest economy, the strongest military, and the only country in the world with the atomic bomb.
The US did something that had never been done before: it made its US dollar the world’s reserve currency, pegged it to gold, and pegged all other world currencies to the dollar at fixed exchange rates. This means that this system is nothing other than the dictatorship of one currency over all others. With this system, the USA seized not only military and economic but also financial world domination. And this has paid off for them, as the post-war boom from 1948 to 1973 clearly showed.
The greatest beneficiary of this boom was the banking industry, which, due to the high demand for credit, was able to record a huge increase in assets and power. When this demand slackened in the mid-1970s, bankers took advantage of their power status gained in the 1950s and 1960s and urged politicians to open up other ways of earning money for them in addition to their main source of income, lending.
In fact, politicians around the world made ever greater concessions to banks by abolishing numerous rules and laws that had previously restricted the financial sector. This trend quickly gained momentum – it led to increasing deregulation in the 1980s and 1990s, always giving banks more freedom.
The most important milestones in this development were:
the introduction of constantly new financial products, the approval of share buybacks, the increasingly lax legal requirements for hedge funds, and the abolition of the separation between banking and other financial institutions in the Anglo-Saxon countries.
Those measures led to a continuous restructuring of the global economy, consistently favoring the financial sector. Thus, amazingly, the financial sector gradually grew many times larger than the real economy.
A decisive consequence of this development was the increasing concentration of financial power, first in the hands of investment banks and later of hedge funds. The crisis of 2007/08 marked the beginning of the great era of asset management.
This brought together the most lucrative hedge funds, whose most important representatives – above all BlackRock, Vanguard, Fidelity and State Street – now dominate large parts of the financial sector. These four companies alone manage a combined total of around 19 trillion US dollars, which is roughly equivalent to the GDP of the USA.
BLACKROCK
BlackRock alone manages $7.4 trillion of assets, making it the largest asset manager in the world. In addition to private investors’ money, BlackRock manages the assets of sovereign wealth funds, pension funds, insurance companies and corporations.
Just to show the power of BlackRock in the state sector: California is the fifth strongest economy in the world after the USA, China, Japan and Germany. BlackRock manages Calpers, the Californian pension fund, one of the largest in the world.
BlackRock also advises the FED and the ECB (European Central Bank) and, together with both central banks, allocated funds in the crises of 2007/08 and 2020 – to a not inconsiderable extent to companies in which BlackRock has a stake.
BlackRock’s most important tool is Aladdin, a computer-based risk analysis system that has been in operation for 34 years and can perform 200 million calculations per week. This system can calculate how the value of shares or funds changes under the influence of currency and oil price fluctuations.
This company, BlackRock, sells the knowledge and analyses gained through Aladdin – and thus also influences the global financial market by selling insider knowledge!
There is an April 2020 announcement that should make everyone sit up and take notice:
“BlackRock and Microsoft Corp. have entered into a strategic partnership to host BlackRock’s Aladdin infrastructure on the Microsoft Azure cloud platform and provide advanced functionality to BlackRock and its Aladdin customers, who include many of the world’s most sophisticated institutional investors and asset managers.”
So what we have here is a direct collaboration between the absolute biggest players in the financial and digital sectors, which brings us to the next topic: digitalization.
Development No. 2: Digitalization
The development of digitalization took its course in the USA in the 1970s. At that time, some young technology whizzes founded companies specializing in the still young computer technology. Initially ridiculed by many, several of these companies, such as Apple and Microsoft, virtually exploded and established a trend that was to have a greater impact on global economic events than the industrial revolution of 250 years ago.
One of the most important characteristics of this development is the great influence these technology corporations can exert on other companies, since they organize their business processes to a large extent. Thus, and thus have access to the most important asset within our modern society besides money: data.
Some large corporations that were added later, such as Google (founded in 1998, now Alphabet) and Facebook (founded in 2004), base their power almost exclusively on the acquisition and dissemination of information. Because their sheer financial power enables them to keep competitors at bay by buying them up at an early stage of their development, they have become almost untouchable monopolies in their fields.
AMAZON
The position of the major corporation Amazon, founded in 1994 as a bookselling platform, is also unique. It has now completely dominated Internet retail trade of many products in the Western world. Shockingly, Amazon has risen to what is probably the largest monopoly in the entire economic history.
With these companies at the top, a new industry has established itself which has penetrated the entire economic system in a historically unprecedented way and which, due to its economic power, has also become a decisive factor in finance.
Not only have digital companies laid the foundation for crypto-currencies and the groundbreaking block-chain technology, they have also become the undisputed heavyweight in the stock markets. The Nasdaq technology exchange, for example, owes its historic rise almost exclusively to the price gains of the five corporations Microsoft, Apple, Alphabet, Amazon, and Facebook.
Above all, the interaction with BlackRock gives this cartel-like structure even more power than it has already seized. BlackRock not only holds shares in all five corporations, but due to its unimaginable financial power, it can move any market in the world in any direction desired.
JOB LOSSES FROM ROBOTS AND AI
Nevertheless, this absolute superiority faces a huge, historically unique problem that has a similar effect to the low-interest policy in the banking industry: While ever lower interest rates are destroying the banks’ basic business, lending, digitalization is gradually destroying the most important foundation of our society, namely human labor.
Due to the development of artificial intelligence and the resulting increasing robotization of work, digitalization has reached a stage that nobody would have thought possible even five years ago. We are in a phase of job losses that is progressing faster than anything seen before. According to insiders, up to 80 percent of current jobs are expected to disappear in the next ten years due to digitalization.
This has created a new, historically unprecedented problem that raises the following questions: 1. how to keep societies together where there is only room for 20 percent of the workforce? 2. how are an economy and a monetary system supposed to function when 80 percent of the workforce must be kept alive by social benefits? 3. how should an economy and a monetary system function when consumption is only assured for 20 percent of the people?
The digital-financial complex already has an answer to this problem, but by itself it cannot give that answer – at least not yet – because it needs a third party — and that is the central banks.
Development No. 3: The central banks
In the crisis of 2007/08, as in the corona crash of March 2020, central banks saved the system from collapse by mobilizing huge sums of money. Without their intervention, the global financial system would have collapsed.
In both cases – 2007/08 and 2020 – both the US Federal Reserve (FED) and the European Central Bank (ECB) immediately turned to BlackRock in their attempts to stabilize the system. This is no surprise to insiders, for three reasons:
1. With Aladdin, BlackRock has more information than all central banks combined.
2. After all, the power of the central banks always relates only to their own currency area. BlackRock, on the other hand, is present in all markets of the world.
3. To act against BlackRock would cause great difficulties even to the central banks.
So, it is only logical that the largest central banks take BlackRock on board in crisis situations when distributing newly created money. This means, however, that we are dealing with a concentration of power such as has never been seen before in the entire history of finance.
HELICOPTER MONEY
But now these partners are facing the problem of the greatest unemployment in the history of mankind. What is their answer? Their answer is: helicopter money. The answer is justified with Modern Monetary Theory. To put it in the simplest terms, it is as follows: To keep consumption going as unemployment rises, central banks need only print enough money and make it available to those who are out of work in the form of a regular payment, euphemistically called an “unconditional basic income”.
This basic income is, of course, by no means unconditional and certainly not a gift to the unemployed. Its sole purpose is to stimulate demand in order to keep an economic system going that is no longer functioning.
But this helicopter money only eliminates temporarily the basic problem and at the same time creates a new one: since the money does not end up in the financial sector as in the past, but in the real economy, it leads to a rapidly progressing devaluation of money in everyday life.
In order to counteract that devaluation, the basic income must therefore be constantly increased – and this leads straight to inflation, which quickly becomes hyperinflation and must therefore lead to the complete collapse of the existing monetary system.
So what is the plan of the digital-financial complex? There is a lot of speculation about this at the moment, but we know that both the central banks and the digital companies are working on new currencies. And since we live in a time when this complex has long since overcome national borders, they will all be world currencies.
We may see a flood of such currencies in the near future, but they will all have one thing in common: They will be issued not only by central banks, but also in cooperation with digital companies or perhaps vice versa by digital companies in cooperation with central banks — in other words: they will be semi-private currencies.
We are thus on the threshold of a world in which a triumvirate of a few digital and financial groups and the most important central banks will dominate the global monetary system and thus finally and irrevocably take over world power.
PROBLEM: THE ABOLITION OF CASH
How quickly this will happen can be seen from the roll-back, or rather the abolition of cash, which has been rapidly accelerated during the Corona crisis.
I warned a year ago that cash could be abolished at some point by means of the tax on cash proposed by the IMF. This is exactly what has now been started in the course of the corona crisis in Germany: VAT has been reduced there and the first companies are now passing this reduction on to their customers – on condition that they pay digitally. To put it somewhat more simply: customers pay less for a product if they pay for it digitally.
It will certainly not be long before this principle spreads internationally and rapidly accelerates the process of cash disposal.
If you look at the increase in power that the digital financial complex has achieved in the last six months, you will see that the new system has been a great success: A force has formed here that far outshines the military-industrial complex that U.S. President Eisenhower described in his farewell speech in 1960 as “potential for the catastrophic rise of misguided power.”
The power of this digital-financial complex is infinitely greater than that of any government. When this power wants something, it enforces it – as we are experiencing right now – globally.
These are all very bleak prospects, but it is not wise spreading artificial optimism in times like these. Nevertheless, it is precisely in such situations that one should remember that the most brilliant ideas and solutions to problems of mankind in the past rarely came about in simple and trouble-free times, but rather mostly under very difficult circumstances.
Perhaps it helps to remember that the Chinese word for crisis consists of two words — danger and opportunity. And even Aristotle always insisted that, simply put, everything has its two sides.
But of what will this newest opportunity consist?
For me, it consists in the logical development of the current situation, which will lead to the bankruptcy of tens of thousands of companies and the dismissal of millions into unemployment in the foreseeable future. That we will experience further, even worse collapses of the financial markets and, as a consequence, riots and social unrest.
All of this means nothing other than that the majority of people who have so far refused to deal with political and economic issues, will be physically confronted with huge problems.
But this in turn means nothing else than that we are facing a period in which Enlightenment [in German ‘Aufklärung’ – the translator] is likely to fall on wonderfully fertile ground. And in my eyes, Enlightenment is by far the most important task of our time.
So let’s use every day and every hour to open people’s eyes and in this way, without violence and by virtue of our conviction, prevent the digital-financial complex from succeeding in realizing Benito Mussolini’s dream. Let’s not allow authoritarian corporatism to lead humanity into a digital prison, into which future generations will be forced.
Let us work for a truly democratic system. In a world dominated by money and characterized by huge inequality, this means first of all: a truly democratic monetary system. One that does not assign preference to one currency; one that does not result in individuals accumulating greater wealth than entire states and giving them the means to rise above others.
It also means one that does not allow the real economy to wither away while the financial casino takes on increasingly grotesque forms, and where those who earn most bear the lowest tax burden and where the most clever speculators can avoid all payments [to society].
Let us stand up for a world in which everyone, regardless of the circumstances under which they were born, has equal opportunities and for a world in which people need not be frightened when it comes to illness, but in which it is a matter of course to protect the old, the weak and the sick. And let us remember every day anew: If we don’t act, who else will?
Note: The original of this article, in German, is at: https://www.rubikon.news/artikel/das-rekordjahr.
Ernst Wolff’s book “Pillaging the World” (2014), is available in paperback.
About a year ago — in 2019 — I noticed Amazon pushing Amazon sellers to start to up their ads to train and pull in more sellers. Did they “anticipate” the potential that was to unfold in 2020
It doesn’t get clearer than this essay, does it?
[…] A RECORD YEAR – 2020 — Gumshoe News […]
“This has created a new, historically unprecedented problem that raises the following questions: 1. how to keep societies together where there is only room for 20 percent of the workforce? 2. how are an economy and a monetary system supposed to function when 80 percent of the workforce must be kept alive by social benefits? 3. how should an economy and a monetary system function when consumption is only assured for 20 percent of the people?”
Those are easy to answer questions – you have a de-population of the planet. Heck, they even told us about how many people in each country are going to declared ‘surplus’ by 2025 and ‘cancelled’ – just go to the Deagle Reports.
Sh!t is about to get real folks.
Another 20% of the workforce could be prison guards on the island and monitoring the 0.0001%
“The digital-financial complex already has an answer to this problem, but by itself it cannot give that answer – at least not yet – because it needs a third party — and that is the central banks.”
Is this the reason for the apparent panic of the Globalists? President Trump is supposedly in the process of disposing of Central Banks, but to do this he needs to win the upcoming election. World Powers seem to be going to great lengths to make sure Trump does not win that election. Their panic seems to be increasing as each day brings that election ever closer.
It’s all theatre Mal – made for the benefit of those who thinking their vote actually counts in the next U.S Presidential election.
Yes, there are factions within the cabal. One faction that controls industries that would benefit from a Trump Presidency (Military Industrial Complex, large corporations that rely on energy derived from fossil fuels etc), obviously wants the GOP to win.
The other faction, Hollywood movie industry, those corporations that rely on massive subsidies to fund their loss-making Green Renewable energy, much of the media and all those inclined to rabid Marxism, naturally favour the Democrats.
In the end,the winner will be that individual who the cabal have preselected.
Either way, the POTUS of the day will toe the line – and continue in the expenditure of more Gentile Blood and Treasure in pursuit of wars and provocations on behalf of Israel.
Everything that has transpired to date is just ‘bread and Circuses’ to keep the masses occupied.
A must see –
https://www.realhistorychan.com/let-the-bad-guys-speak.html
Psychedelic, man. Psychedelic.
I don’t understand your comment. What do you mean?
Criss X, I quite liked your ‘let the bad guys speak’ post above and it really gets you thinking how it is that the so-called ‘bad guys’ are always muzzled.
Those of us that expose the fraud of the Covid Tyranny are portrayed as the bad guys (or at least unhinged) in opposing the lockdown decrees from our ‘wise overlords’ who govern over us.
You know, anyone who’s been indoctrinated with the biased and distorted history taught in western schools would view Kaiser Wilhelm II as Germany’s bloodthirsty war monger when the reality is the opposite.
In the lead up to war he was known throughout Europe as ‘The Peacemaker’ and always sought amicable conflict resolution.
Right up to the 11th hour he frantically pursued every avenue available to avoid the precipitation of WW I.
Are these the only countries left without a Central Bank owned or controlled by the Rothschild Family?
Cuba
North Korea
Iran
Syria
Venezuela
Russia
Mainland China
Is this the reason why the United States is doing its best to disrupt these nations?
Once the Chosen elite have got the West under control then it will be full on war with these ‘recalcitrants’ IMO.
All roads lead to Rome. The signature is:
100 percent state ownership
IMF
World Bank
Paris Clup
London Club
If any currency has an ISO(number here). It reports to the “creditor”
The Federal Reserve hides behind a veil of a cartel of owners.They are currently buying all the US assets with counterfeit money. This includes private house and land. Part of the 2030 no private property.
I accept no ownership of any debt to this sham contract.
“17. You own no property, slaves can’t own property. Read the Deed to the property that you think is yours. You are listed as a Tenant. (Senate Document 43, 73rd Congress 1st Session)”
http://home.iae.nl/users/lightnet/world/essays.htm
I get your point. In Australia 100 years of council rates typically equals the valuer General’s(how high Sir) stated value.
An Australian Deed or Certificate of Title and would list me as “the registered proprietor”, however, with caveats. Typically these would be all mineral rights go back to the Crown or the IMF
“You own no property”
Amen
I guess the nux is attempts to make us property. therefore slaves or chattels,
“I accept no ownership of any debt to this sham contract”
God willing
“Property” is just speculation but you can live in it
The basic platform of the Communist Manifesto – “Abolition of property in land and application of all rents of land to public purposes.”
In “Communist” China no tax is payable on property.
In “Communist” Russia in normal cases no more than 0.1% is payable on a nominal value
https://www.awaragroup.com/blog/individual-property-tax-in-russia/
https://supchina.com/2018/03/07/property-tax-china-2019/
In Australia you pay taxes on the full value of your property you ‘own’ and guess what happens when you stop paying?
Which part of the Communist Manifesto does Australia not follow?
If I’m not mistaken the Rothschild Family motto was “own nothing/control everything”
“other people’s money” theory
In hindsight it’s obvious that the “dramatic acceleration” of the wealth divide was inevitable. Once anything starts to move in a certain direction it’s only ever a matter of time.
The problem is that, at the point where the course of most things is set, it’s always easier to look the other way.
“These(physically vulnerable) people should definitely be protected.”
Sure, BUT NO GOVERNMENT SHOULD EVER BE ALLOWED TO MEDDLE IN ANY MATTER OF PERSONAL WELFARE
ON TOPIC
I think the dilution of fiat money will be somewhat more egalitarian than the writer says and have less impact on using some global currency than the writer days. Government debt (all the bills) are to be paid using government currency. As currency is diluted, the value of assets such as houses increases. People with cash in the bank lose value. Customers of the bank (with debt) gain.
Now the writer though German doesn’t mention Deutsche Bank which is worth about one peanut and apparently got thrown into the US Fed about a month ago along with all the other junk. This idea of Trump crashing the Fed is more immediate and more intriguing than world domination by “666” bankcard (for those with long memories).
Another thing, wealth under management means just that, and “owns shares to the value of $x billion” means just that. It doesn’t reflect on lifestyle (for example Buffett is famous for living in his old house), it reflects on company value, so comparing it to individual Africans is misleading.
For example, if you are churning out billions of phones for quite a low price, you can’t do that from a little hut in Soweto.
Trump ‘crashing the Fed’ ?
Pull the other one.
A worthless peon and controlled puppet like Trump has no more chance of crashing the Fed than you have Rabbi ‘dsw’ of being objective on matters concerning your beloved Apartheid Israeli state.
Have you ever considered that by calling yourself “Truth” every single thing you contribute is tainted?
The Jews through Blackrock now own the Federal Reserve, IMF, the UN, the IRS, the Treasury, NATO and all countries subservient to their lending institutions as well.
This Huge Jewish Finance Firm Blackrock Just Took Over the US Treasury and Fed (Blackrock, Transcript + Audio)
From the FTN Website: In less than a week the Federal Reserve has been merged with the U.S. Treasury (implying it wasn’t always that way) and BlackRock, the world’s largest and most powerful financial services institution, has been put in charge of executing future acquisitions and trades. Who is BlackRock? What do they own? And perhaps more importantly, what and who do they control? Jazz and James dive into BlackRock and uncover a significant portion of the apparatus by which U.S. politics are controlled and manipulated. Full episode: https://therightstuff.biz/2020/03/29/ftn-300-i-am-the-line-thy-god/
Read more
https://russia-insider.com/en/huge-jewish-finance-firm-just-took-over-us-treasury-and-fed-blackrock-transcript-audio/ri28494
The IMF,Treasury and Federal Reserve are now one unit with the Jewish firm BlackRock.
So can we replace the ‘r’ in Blackrock with a ‘c’ because it will screw everyone over?
Half way through, must leave it for now this guy is a great communicator.
About 35 minutes he catches Malcolm Frasier with his pants down and that’s not the last time. Great actor, can play the straight man or buffoon as needed
Thanks Dee, what an interesting video. And to think people still wonder why we are in this global situation now.
Just watching now – at around 20 minutes he talks about Lenin’s long range plan.
I thought readers would also be interested in Matthew Raphael Johnson’s interview about his book “The Soviet Experiment”
https://www.bitchute.com/video/HQ4fFjOpsWmR/
I am just reading his first book “The Third Rome”, having recently finished “Russian Populist”.
His essays can be found on his website “The Russian Orthodox Medievalist”.
https://www.rusjournal.org/
Here’s hoping that that clear-headed talk dispels any lingering delusions as to the purpose of the subsequent Turnbull-initiated referendum and the resounding ramifications of the “No” majority
One of the prime objects of State-arrogated education was to dumb down the power of the written & spoken word: Ask an average school-age kid what the word “swear” means and the answer will most likely be “coarse language/gutter speak”
But for anyone who’s at all familiar with the Bible……….
Good evidence of a huge practical joke on the sport-loving beer-swilling plebs
Goebbels: “If you tell a lie make it a big one” (from memory)
I don’t think memory is the problem – I think it is a lack of research and/or integrity.
What Goebbels actually said was
• Good propaganda does not need to lie, indeed it may not lie. It has no reason to fear the truth. It is a mistake to believe that people cannot take the truth. They can. It is only a matter of presenting the truth to people in a way that they will be able to understand. A propaganda that lies proves that it has a bad cause. It cannot be successful in the long run.
Source:
• Goebbels at Nuremberg Rally, 1934
• http://research.calvin.edu/german-propaganda-archive/goeb59.htm
Dr Goebbels also said
• It is not only a matter of doing the right thing; the people must understand that the right thing is the right thing. Propaganda includes everything that helps the people to realize this.
• We would never make propaganda so far from the truth.
• This is a struggle between light and dark, between truth and falsehood, between true humanity and inhuman barbarism.
• The truth cannot be stopped by lies or force. It will get through.
Source:
• Full text of “Goebbels’ speeches & articles, complete”
• https://ia600607.us.archive.org/25/items/GoebbelsSpeechesArticlesComplete/GoebbelsSpeechesArticlesFromCalvin.edu.Complete.pdf
I’m quoting from the vernacular, now listen to this:
I’m not bothered to be in the crossfire between Zionists and Neo-Nazis, I couldn’t care less, I am looking for real evidence not various assertions, assertions are nothing.
How very chutzpah of you – you make ridiculous assertions (from memory), are called out with literal facts backed up by sources and you are shown to be disingenuous, then you counter with made-up labels, inferences and more assertions.
But while you are on a roll, and now that you have assured us that 19 Arabs with boxcutters did NOT bring down the three World Trade towers, thereby utterly eviscerating the ‘official’ 911 Commission Report, who do you think WAS responsible?
Donald Trump said “it could have been the Saudis”.
Do you think that it could have been the Rothschilds’ terrorist stronghold committed to them by the Balfour Declaration?
I have more questions about the assertions you seem to live by after you have cleared that one up for us.
Bush gang and Saudis of course, it was not an expensive operation, it was a planned inside job. It was executed quite badly in terms of credulity required. At the time it was known the recruited mental patients were Saudis, except for three I think. Quite likely they ended up in the paddock – or whatever.
Stupid Bush of course brashly informed us of the NWO so he was part of NWO, so I haven’t shut your argument down, I am just asking you to back up your assertions, Balfour is nothing by itself. Just a money deal and a kickback.
(re Your very small bone of contention.
According to you, there is only one page transcript of everything Goebbels ever said, and this can be interpreted in the common way or reconstrued by you in some other way, it is so filed with weasel words and open to interpretation about what the angle is, it’s pointless arguing about it.)
Queen Victoria’s horrible offspring on the thrones of Germany and Great Britain decided to wipe out some useless eaters on a territorial dispute: Suez canal vs. train through Serbia. Rotschild funded both sides I presume, the smart or only thing to do.
So who started the war? According to you and Veggie, the dirty Zionists!
You tell me, how did the royals get off the hook so easily?
“The Jewish serpent will show its hydra’s heads everywhere, blocking the way to a relaxation of international tensions. We Jews will not allow peace in the world, however hard statesmen and peace advocates try to bring it about.”
— London Jewish Chronicle, March 3, 1939
Yuri Bezmenov WARNED US! – G. Edward Griffin Talks About KGB Defector’s DIRE Warning Of The Future
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. – Arthur Schopenhauer
“Think not that I am come to send peace on earth: I came not to send peace, but a sword.”
MATHEW 10:34
An extremely worthwhile document.
If you’re only listening not watching, don’t miss the image of the new British flag predicted for 1992, they are using it over the bank in Frankfurt as I vaguely recall.
We can see how banker Trumbull was a prototype for banker/media star Macaron.
I thought Trumbull was dumped by the Queensland faction for gay marriage and dumped by Trump for arguing, now we know what the argument was about, the banker trying to tell the POTUS to get in line while the POTUS was doing exactly the opposite, scrapping NAFTA and TPP.
Australia signed TPP then (from WIkipedia)
“After the newly elected US president Donald Trump withdrew the US signature from TPP in January 2017,[5] the agreement could not be ratified as required and did not enter into force.”
Now they have a new one (from DFAT)
“The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) between Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.
The CPTPP was signed by the 11 countries on 8 March 2018 in Santiago, Chile.”
People like Andrew Robb can still get the good jobs out of this I’m sure but maybe just not quite as good as if they were participating in selling off what’s left of the US. Maybe Trumbull offered someone a good job if they shut up for a while then he lost his leverage and his castle in the sand crumbled to nothing. Macaron will be more careful. Now Abbott is trying to line up a good job in England. These are the good jobs now, flog off whatever’s left, for the pork barrelling. Free money useless eaters!
Here’s your shopping song: “I see it, I like it, I want it, I got it”.
So the endgame is revealed from way back 1990, the solution to raging QE is, once the oligarchs have acquired the maximum assets at lowest prices with their gifted trillions, we all get shifted onto UN world bank e-money.
The question for right now is if the UN WHO has banned HCQ and all the millions dead (we are told) are caused by denial of treatment, when will the WHO be prosecuted for this genocide of old and sick expensive state liability people (or is that allowed under the new normal rules).
I agree with Terry, #hit is about to get real.
Large corporations are hell bent on cost saving measures, streamlining production to maximise their profits.
All of that comes at the peril of the human work force.
What they don’t realise, is, if you have 20% in the work force, and expect that 20% to support the remaining 80%, you end up with a reduction in market purchase. This results in less profit making power for those companies.
This is where I see depopulation, as the only viable solution for thier desired outcome.
The 80% will quickly become redundant in the equation, and will be eliminated.
This was all meant and planned to start off in 2016.Trumps victory, put a swift stop to it.
Now if Trump wins 2020 ( I believe he will), that will create new problems that no one can foresee.
If by miracle all goes well, it is only going to delay the inevitable by 4 years.
Also, the digital incentive payments over cash payments, will see the cash payment, becoming untenable. So I believe that cash will surley disappear.
Ernst Wolff’s book about the IMF — Pillaging the World — got 15 ratings on Amazon, each of which was five out of five. I haven’t seen that before. No troll managed to get in there and spoil it.
The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. Pg. 816)
In Russia, Stalin proclaimed “the intensification of the class struggle” after the Revolution, entailing an unending series of arrests, executions, and sentences to the Gulag. What meets no resistance does not stop.
https://www.theoccidentalobserver.net/2020/09/20/gary-saul-morons-suicide-of-the-liberals/
“ Do you know what’s in a vaccine ?
Aluminium
Beta-Propiolactone
Gentamicin Sulphate & Polymyxin B (antibiotics)
Genetically Modified Yeast, Animal, Bacterial and Viral DNA
Glutaraldehyde
Formaldehyde
Latex Rubber
Human and Animal Cells
Mercury (thimerosal)
Monosodium Glutamate (MSG)
Phenol/Phenoxyethanol (2-PE)
Polysorbate 80 & 20
Tri(n) Butylphosphate.
The mask will set you up for the kill and the shot will finish the job.”
– John Kaminski
We have four BSL4 factories in Oz.
Three in Victoria, one in Queensland.
These vaccines are manufactured in bio weapons labs ! The same for created viruses.
Look up, what all the above concocted chemicals do to our organs. Will you line up for the shot, in order to be able to walk out the front door ?
Freedom was an illusion, when now we have no choice.
And if we dumped all this stuff over Russia, they’d accuse us of chemical warfare!
https://fromthetrenchesworldreport.com/cdc-document-bombshell-reveals-list-vaccine-excipients-including-african-green-monkey-kidney-cells-fibroblast-cells-aborted-human-fetuses-see-complete/184265
Amazon is the new “company-store.” Everyone will work for Amazon and will be obliged to spend all their money in Amazon.
To Veggie with love.
Note especially the lights at 2.29 -2.30
And this is for the translator of the above article, which should win prizes, seriously:
Love right back at you Mary.
Good to see lots of decent Israelis protesting against the Likud Party tyranny (at least that’s what I’m guessing they’re saying – perhaps you could translate for us Rabbi ‘dsw’ ?).
While we’re on the topic of people who speak their mind, there’s none better than Jimmy Dore (watch from 11:00 – 14:10 and be sure to have the volume up) :
No cue cards, no teleprompters for Jimmy.
That comes straight from the heart.
You’d think he was pro-Republican from that rant eviscerating Joe Biden and the Democrats but he’s actually far, FAR to the left.
Basically, he’s saying that the ONLY reason Trump is in contention to win the election and the ONLY reason many people are considering voting for Trump is because the opponent (Clinton in 2016 and now Creepy Demented Joe), are soul-less corporate tools that offer them NOTHING and who pursue an agenda that is only marginally different to the GOP – certainly no difference from a foreign policy standpoint (just perpetual war and impoverishment of the middle class).
Exposed: There’s a new federal court to handle all the expected COVID vaccine-injury claims
by Jon Rappoport
The simple truth is: the US government is anticipating many people will be filing claims for compensation, when their family members are harmed or killed by a new COVID vaccine.
Of course, the government isn’t coming right out and admitting that.
The press will tout the usual excuses for injury and death. “He died from COVID, not the vaccine.” “Well, there was just one bad batch of vaccines.” “Because COVID is such a dire situation, and we’re rushing to save lives, a few mistakes are inevitable.”
Anything but the truth: GUESS WHAT, THE VACCINE IS HIGHLY TOXIC.
This new federal vaccine court for COVID will operate exactly like the present system for paying out claims for vaccine injury to children. Citizens have to jump through many absurd hoops and navigate all sorts of red tape, to try to squeeze money out of the federal government. The system is set up that way. It’s your basic bureaucratic nightmare.
The language that establishes the new COVID vaccine court is found in the Federal Register, 3/17/20, buried in section 14 of a document titled: “Declaration Under the Public Readiness and Emergency Preparedness Act for Medical Countermeasures Against COVID-19.”
Here is the relevant passage in that document:
“Countermeasures Injury Compensation Program…Section 319F-4 of the PHS Act, 42 U.S.C. 247d-6e, authorizes the Countermeasures Injury Compensation Program (CICP) to provide benefits to eligible individuals who sustain a serious physical injury or die as a direct result of the administration or use of a Covered [COVID] Countermeasure [e.g., a vaccine]. Compensation under the CICP for an injury directly caused by a Covered Countermeasure is based on the requirements set forth in this Declaration, the administrative rules for the Program, and the statute. To show direct causation between a Covered Countermeasure and a serious physical injury, the statute requires ‘compelling, reliable, valid, medical and scientific evidence.’ The administrative rules for the Program further explain the necessary requirements for eligibility under the CICP…”
A quick piece of important history. In the mid-1980s, vaccine manufacturers were facing a blizzard of law suits from parents of vaccine-injured children. The very nervous manufacturers told the government they were going to get out of the vaccine business. The financial hit was going to be too deep.
The government said WAIT. Meetings were held. A plan was devised. A law was passed exempting the manufacturers from financial liability.
Instead, for any of the recommended childhood vaccines, parents had to go to a government court to file a claim for compensation, after their children had been injured or killed by a vaccine.
And the government made this court a VERY tough place to win compensation.
That’s the precise model for this new COVID vaccine court. And it’s based on the same unstated confession that existed in the 1980s: there are MANY vaccine injuries.
Bottom line: the government expects many COVID vaccine injuries.
That’s what they aren’t saying. They’re just preparing. With a new vaccine court. To handle injury and death of children and adults.
That should not give you a warm secure feeling.
Quite the opposite.
“We know—and don’t ask us how—that millions of you are going to get headaches. To prevent that, we’re going to hit all of you on the head with a very heavy sledgehammer. If, ahem, a few of you happen to sustain an injury or die, we have a court where your relatives can try to get money out of us. By the way, in this court, we’ll do everything we can to deny you money. Good luck.”
Yes, the government knows exactly what’s coming when they approve a COVID vaccine. And now, so do you.
https://nomorefakenews.com/