The Financial End-game Slowly Plays Out by Nigel Maund, Safehaven.com
... the Sudden Systemic Implosion which will usher in the Brave New World
"Capitalism requires people to be quiet souls in the workplace and wild pagans at the cash register" - Ron Chernow, 1949, US Journalist
Amongst the growing plethora of warnings, some erudite some emotional, Mr. Paul Volcker's commentary in the Washington Post entitled, "The Economy on Thin Ice", of April 10th, has to be taken very seriously, given the former's position as Chairman of the Fed from 1979 to 1987, when he was succeeded by Alan Greenspan.
Volcker was forced into making very tough economic decisions in 1980, which he did by raising interest rates sharply to cool a vastly overheated market. Volcker acted as the Fed Chairman should, responsibly, and, therefore, like few other market commentators has immense "gravitas" when he flags up major economic issues as he has done. However, the magnitude of the present Fed Chairman's problems are on a hitherto unimaginable scale. No country, or central bank, has ever attempted an exercise in FIAT money creation of such truly breathtaking proportions before. Moreover, no exercise in FIAT money creation has ever successfully worked over the long-term in any nation where it has been attempted. Before the post WW2 acceptance of the US dollar as a proxy global currency, no country has had the unique opportunity to try such an exercise out on a global scale. Dr Greenspan knows this. So, you may well ask, what on earth is he up to?.... and, equally importantly, why is it being done?
It is easy to caste Dr Greenspan as the befuddled "Mr McGoo" leading America to economic and financial ruin. However, such a denigration of this man's abilities is entirely misleading and dangerously erroneous. The Fed has some of the finest financial and economic brains on the planet. Therefore, the more acceptable answer as to why the (digital) US$ money base has been exploded on an astronomic scale has to centre on it being a part of a globally based economic and political strategy. The fact that this strategy has not been spelled out to "the world at large" implies a hidden agenda, and, furthermore, a conspiracy. Whilst "the conspiracy theory of history" is mocked by the media as the realm of scaremongers, the ignorant and the naïve, anyone who has merely studied the history of Britain's Kings and Queens, over the last 1,000 years, will readily see that conspiracies were very much part of court life, national government and Britain's international policy. Nothing has changed. Indeed, with the advent of widespread literacy, modern media and information technology, the obfuscation of, and power to corrupt facts has been raised to a new and more sophisticated plane.
"Baking the news cake" for palatable reception and consumption is an art form perfected for specific markets, based on the cultural and educational profile of the local, national or even international consumer. CNN, CNBC , NBC and Fox News are little more than propaganda organisations serving up a daily "McNews" for the generally poorly read and travelled, culturally naïve, and generally poorly educated US consumer, on the basis that those who eat junk, drink junk, read junk, watch junk and listen to junk deserve, well... just more junk? Mr. Hitler and Dr Goebbels would have been heartily jealous of such a malleable and docile, if not to say almost bovine populace, who could readily absorb such shallow rubbish and believe it all! Unfortunately, the insidious US style media is polluting the planet in the global attempt to produce a "dumbed down", ignorant, poorly educated and malleable global serfdom, hooked on trashy TV and video entertainments and other such puerile nonsense, and moreover, up to their necks in debt and easy credit. Again, one is led to ask why?
Aren't we living in the enlightened 21st Century?..... or, are we regressing to type, as demonstrated over thousands of years of human suffering at the hands of our own dubious species?
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