We are at a crossroads in human history. Up until this point the most significant transition was when the hierarchy began to solely derive their power from monetised global private production (Capitalism) as opposed to local Feudalism. They forced the masses into industrialised centres and caused huge amounts of poverty, suffering and death.
The graph above shows the Fed is ramping up interest rates after the usual period of encouraged borrowing, purposely inducing the next recession. Previous recessions are highlighted by the grey columns, post rate increase. However this time with private, government and corporate debt at massive levels this will lead to fundamental change!
What is driving this change?
The architects who financed the countless European based wars throughout the ages after having enriched themselves, had then managed to jump ship to the next power when the nation/royalty/hierarchy had become too indebted or they to went down with the ship. A historic example being the “Edict of Expulsion” in 1290, expelling the money lending Jews from England only to be replaced by the apparent “moral” Christian Peruzzi and Bardi usurers who had access to gold coins known as Florins which had the purchasing power the European hierarchy required for war. Unfortunately for the European masses the greed of King Edward III and other private owning individuals caused a financial crash.
As various European based nations began to set their sights on the take over of the lucrative spice trade through a combination of extreme violence, bribes and tariffs, private money lenders saw their chance again. A look at the history of global reserve currency gives an indication which empire controlled the majority of trade at the time. With each transition ending in a huge war(s) and millions dying before the system is reset and power is wielded via a new currency.
Where the financing actually comes from is another story and the notion that in a monetised world even a sovereign state cannot function without private domestic and foreign financing is not recognised by 99%. They just believe their own government prints money, no, its all borrowed and has to be paid back with interest! Currently the US Dollar has been forced onto the world as the reserve fiat currency for trade such as oil and many other commodities. Nations must then produce goods that can be exchanged directly for dollars and are at the whim of exchange rates and so can easily be controlled by hidden financial powers. This system is also backed by a military with the largest budget of $610 billion, which is far more significant than its closest rival China at $216 billion and is (actually larger than the next nine countries combined).
However the debt attached to this currency is becoming more and more unserviceable for many nations, including America itself, hence hyperinflation in Argentina and Turkey etc. So is that time coming again where the current private owners of the money lending system hidden behind the IMF want to reset it and change the currency to a new one, perhaps a global currency? In the process the debt of your masters (corporate bonds and loans) written off where as yours will remain (mortgage).
With human, ecological and environmental exploitation reaching its peak (sixth mass extinction), have the private global owners realised that the very planet that they to rely on can no longer sustain this current system of profit from predominately western based consumption and waste (if everyone lived like the UK we would need over 3 earths!*) and intend to collapse it. However it will be done in such a way that governments will tell us we were only following what voters wanted eg. Brexit, US-China trade war.
With so many right wing extremist governments being voted in, its only time that the world will be at war but one like no other before, where there may be civil wars everywhere as trade collapses and everyone fights over what is left to survive on.
The question is how the rulers will survive this? But don’t forget these dynasties have survived 2 previous world wars and countless more so i’m sure they have plans.
With global trade collapsing the use of mass human workers or buyers/consumption is no longer necessary. The rulers only require enough workers to support their consumption and with the advancement of robotics they will only need those humans that can help maintain them. Those who cannot adapt will be left behind and forced to take universal basic income with the intention of preventing mass social unrest. But people need to work, it provides purpose in this current physical stage of life. The likes of Bill Gates, Mark Zuckerberg and Elon Musk have stated this has to happen.
The rulers know that robots do not need workers rights, can work 24/7 in any conditions and do not need entertainment to keep them distracted from their lack of fulfilled lives. However they will push the usual economic BS jargon on to the masses, “robots are more productive” and it means “the people can do more value added tasks.”
Last but not least this is a bit out there but the story of the formation and expansion of Israel could be a factor. At the height of World War 1 in 1917 when millions were dying, The British Empire decided to make the Balfour Declaration stating that the Zionists should be granted land in Palestine. Odd considering the history of Jewish hatred in Europe and US perpetuated from the very top to the masses.
The following 100 years has seen this tiny area continue to have huge backing from European and US powers and its current leader, Netanyahu is stoking the fire with Iran. Is it all in the plan? The existence of Israel is important not only to Judaism but also to fulfill Christian and Islamic prophecy (maybe a reason for Saudi support?) All require an apocolyptic/armageddon event where non-believers are wiped out! Whether those preaching a religion believe it or not, it has always been a way to control the masses into obedience and war against other peoples.
Whatever the reason we have an insane scenario where governments that apparently now represent the masses still uphold a system that is deliberately and periodically crashed. Even the Western based masses whose purchasing power was artificially increased post WW2 via fiat currency to provide the buyers necessary for the debt-based Capitalist system are now seeing this reversed. The private owners of the world have used propaganda on a mass scale to distract, deceive and divide the working masses into thinking private ownership in the hands of the very few through death was/still is good for everyone. All I know is that the future looks bleak unless enough wake up and take control in an organised way through communal ownership, sustainable consumption and where we all contribute in part to the basic human needs of all. Once that is in place we can decide how human society progresses.
Thanks for reading. Peace.
* Edit: 2020 additional reading below.