Lord King stated:
"By sticking to the new orthodoxy of monetary policy and pretending that we have made the banking system safe, we are sleepwalking towards that crisis."At the meeting, the British Lord correctly asserted that the systemic causes of the meltdown of 2009 were never resolved but then Delphically lied, saying that the financial regulations installed under Obama (Dodd-Frank) are currently preventing the scale of money-printing needed to encourage economic growth and keep the system from collapsing. The last part of that statement is additionally fraudulent since Lord King tried to equate "economic growth" with "bank bailouts". These terms are actually antagonistic to each other.
The deregulation needed to unleash the money printing advocated by King is in fact a ticket to a hyperinflationary blowout of the system, which currently sits atop an $800 trillion derivatives bubble (bets on collateralized debt and insurance on those debts). When one considers that in 1992 derivatives only accounted for a mere $2 trillion and didn't even exist as speculative instruments in 1986, one gets a sense of how the nation-state destroying time-bomb has been implanted into the Western system, waiting only for the trigger to be detonated at the opportune moment.
Referring to the Green New Deal, which the Wall Street-City of London cabal are lusting after as the basis for a new world system, King said:
"No one can doubt that we are once more living through a period of political turmoil. But there has been no comparable questioning of the basic ideas underpinning economic policy. That needs to change."Current Bank of England Governor Mark Carney has gone on a global campaign in recent months to coral the financial, political and business elite into supporting his design for a new hegemonic global currency modeled on Facebook's Libra as a replacement for the U.S. dollar-based system.
"Hegemonic digital currency" would be tied to Carney's other passion: the "de-carbonization" of the world (which is actually just a euphemism for depopulation). The "new rules of the system" - which Carney, King and their oligarchical masters demand be imposed upon nations in the face of the meltdown of the banking system - are tied to the creation of financial incentives to green economic investments such as solar and wind energy, which inherently lower the means of industrial capital production and thus contracts the "carrying capacity" of the population to "sustainable levels". Taking a threatening tone, Carney has said:
"The firms that anticipate these developments will be rewarded handsomely. Those that don't will cease to exist."It is interesting to note that Carney and his technocratic zombie associates, including French Finance Minister Bruno LeMaire, have warned that if this Green New Deal isn't imposed soon, then China's New Silk Road will become the basis of a new world system!
These warnings reflect the Achilles Heel of the City of London-Wall Street-centered oligarchy currently trying to impeach President Trump. These oligarchs and their technocratic managers such as Carney, King and LeMaire (who so yearn to be "alphas" in the dystopian Brave New World) know that a United States allied with the new Russia-China-India alliance would create a force powerful enough to not only re-organize the bankrupt financial order under bankruptcy re-organization, but would also create a positive multi-polar alliance which could eliminate the inbred oligarchical cancer from the face of the Earth once and for all.
About the author
Matthew Ehret is the founder of the Canadian Patriot Review, author of the book series The Untold History of Canada and can be reached att canadianpatriot1776@tutanota.com
Reader Comments
A firm part of my belief system is that all monetary systems are setup to represent labor value. By that, I mean re-present labor value. So instead of receiving a physical asset that has value, a laborer is given a paper promise or a computer generated promise that their labor is worth X amount of value in a de-facto world.
Imagine how easily a group of psychopaths could manipulate that labor value?
The thing is, the psychos need labor in order to maintain their opulence. That way, they don't have to actually do anything outside of self aggrandizement.
I am sure most of us have read about these vast underground bunkers for the needy takers to hole up in when the SHTF. That would last 2 weeks, before the armed guards finally figured out that there was no need for the takers outside of bitch, whine and moan, and shot them dead.
For some reason, above ground (for now), we are told to worship the takers and contribute to their necessity.
Eloi and Morlocks. Heaven and Hell. What a ride.