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Posts Tagged ‘Great Reset’

Covid Is an Orchestration for Serving an Agenda—The Destruction of Freedom – PaulCraigRoberts.org

Posted by M. C. on January 6, 2021

Not that warnings are not all over the place.  MIT’s Gideon Lichfield tells us that there is no going back to normal from Covid.  Controls over our behavior are the new normal.  Freedom, liberty, civil rights are not compatible with a Covid world and the Great Reset that the Covid world is being used to put in place. The World Economic Forum isn’t bashful about describing what is being put in place for us.

The change that elites are bringing to us is so radical that people dismiss it.  But their smart devices have already ensnared them into the change.

https://www.paulcraigroberts.org/2021/01/05/covid-is-an-orchestration-for-serving-an-agenda-the-destruction-of-freedom/

Paul Craig Roberts

The accumulated evidence is overwhelming that Covid is an orchestration the purpose of which is to eliminate human autonomy and make the concept of freedom a dirty word that will bring you Covid illness and death.  

As physical currency is one necessity for human autonomy, globalists are working on its replacement with digital money. Paper currency, coins, money orders, and checks pass hand to hand and allegedly carry possible infection with Covid. In contrast, digital money is virtual.  No one touches it. More importantly for the globalists, It cannot be drawn out of an account in physical form and horded or hidden.  You cannot make anonymous payments with digital money.  Privacy leaves your life. You become totally transparent.

Some hope that people will have their own private digital money in the form of crytocurrencies. However, transfers can be prevented between an official digital monetary system and private crytocurrencies.  Moreover, private cryptocurrency payment of rents, mortgages, car loans, grocery store bills, and so forth can be banned and enforced.  A private cryptocurrency economy would have to operate outside of the official digital money economy. As the purpose of digital money is to eliminate human autonomy, such a parallel economy would be suppressed. 

The same goes for payments with gold and silver coins.  You could pay for a private service or for privately grown food from gardens if gardens are permitted in a world of artificial food made in factories, which is what the World Economic Forum’s “Great Reset” encompasses. But you couldn’t purchase a house or car or airline ticket with gold or silver. 

People welcomed the digital revolution without recognizing its totalitarian consequences. They love their smart phones, the Internet, video games, social media, online payments, the ability to work from home.  Perhaps many are agreeable to giving up independence and autonomy for these conveniences.  Even if they are not, they are likely to find themselves trapped inside such a system before they become aware of its consequences.

Not that warnings are not all over the place.  MIT’s Gideon Lichfield tells us that there is no going back to normal from Covid.  Controls over our behavior are the new normal.  Freedom, liberty, civil rights are not compatible with a Covid world and the Great Reset that the Covid world is being used to put in place. The World Economic Forum isn’t bashful about describing what is being put in place for us:  https://www.paulcraigroberts.org/2020/11/19/the-insane-tyrant-who-head-up-the-world-economic-forums-great-reset-says-it-means-the-end-of-human-autonomy/ 

The change that elites are bringing to us is so radical that people dismiss it.  But their smart devices have already ensnared them into the change.

The future that is unfolding is a restoration of ancient times when people were regimented under the control of priests or Druids.  Any person showing any sign of independence was a prime candidate for sacrifice to appease the gods. Throughout the Western World this is already happening to truth-tellers.  Manning, Assange, Snowden.

If people want to be free, they are going to have to eliminate the globalists and dispossess the billionaires.  Every last one. It is pointless to peacefully protest, because as the stolen US presidential election makes completely clear, the elites have no regard whatsoever for democracy and the people’s voice.  They hate the concept of government accountable to the people.  

The preferred government is one accountable to the elites, just as ancient governments were accountable to priests, Druids, and pharaohs.  It seems clear enough that this is the direction in which the Western World is headed. World Economic Forum Founder Klaus Schwab explained on May 13, 2019, to the Chicago Council on Global Affairs that the era of freedom was over and done with. https://www.youtube.com/watch?v=CVIy3rjuKGY 

Notice that the new era of freedom’s absence “is upon us.”  

Why is is upon us? How is it that it is independent of “us.”  Did God unleash the new era?  No.  It is upon us because it is what the elites are doing to us.  The global elites are making us think that it is ordained and cannot be resisted. If we fall for this and permit it, we will be responsible for destroying our own freedom.  Why not instead destroy those who seek to destroy us?

They can be resisted.  All that has to be done is to round up a handful of totalitarian globalists.  Nothing like the casualties of the Bolshevik Revolution, the American Revolution, the French Revolution are required.  Freedom is not up against an established multitude that needs to be eliminated.  Only a few globalists who are seizing power while people sit cowering sucking their thumbs.

If the globalists are not eliminated, they will eliminate us in the sense of our autonomy, our independence, our ability to express a point of view contrary to the elite’s, our humanity.  

These last few lines will produce demands to know if I am advocating violence.  I am advocating nothing.  I am describing a situation and asking a question. We are losing our freedom.  Are we going to do anything about it?

Perhaps I am mistaken.  But based on available information it is apparent that governments in the Western World are committing violence against the peoples whom they allegedly represent. Violence against people goes far beyond arrests for not wearing a mask and fines for not maintaining social distance.  Lockdowns are dispossessing people of their businesses, prohibiting family gatherings and freedom of association.  These are massive interferences with rights that took centuries of struggle to achieve.  And it is all for nothing as the death rate from Covid is miniscule.

The Western World frozen in fear by lies and propaganda has abandoned freedom.

Are the people of the Western World going to accept the violence enacted upon them and the cancellation of their rights?

If the people of the Western World will not defend their freeom, they will not have it.  

See also: https://www.paulcraigroberts.org/2021/01/05/the-covid-deception-updated/ 

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The Ron Paul Institute for Peace and Prosperity : The ‘Great Reset’ is about Expanding Government Power and Suppressing Liberty

Posted by M. C. on January 5, 2021

Included in Schwab’s proposal for surveillance is his idea to use brain scans and nanotechnology to predict, and if necessary, prevent, individuals’ future behavior. This means that anyone whose brain is “scanned” could have his Second Amendment and other rights violated because a government bureaucrat determines the individual is going to commit a crime. The system of tracking and monitoring could be used to silence those expressing “dangerous” political views, such as that the Great Reset violates our God-given rights to life, liberty, and the pursuit of happiness.

http://ronpaulinstitute.org/archives/featured-articles/2021/january/04/the-great-reset-is-about-expanding-government-power-and-suppressing-liberty/

Written by Ron Paul

World Economic Forum Founder and Executive Chairman Klaus Schwab has proposed using the overreaction to coronavirus to launch a worldwide “Great Reset.” This Great Reset is about expanding government power and suppressing liberty worldwide.

Schwab envisions an authoritarian system where big business acts as a partner with government. Big business would exercise its government-granted monopoly powers to maximize value for “stakeholders,” instead of shareholders. Stakeholders include the government, international organizations, the business itself, and “civil society.”

Of course, government bureaucrats and politicians, together with powerful special interests, will decide who are, and are not, stakeholders, what is in stakeholders’ interest, and what steps corporations must take to maximize stakeholder value. People’s own wishes are not the priority.

The Great Reset will dramatically expand the surveillance state via real-time tracking. It will also mandate that people receive digital certificates in order to travel and even technology implanted in their bodies to monitor them.

Included in Schwab’s proposal for surveillance is his idea to use brain scans and nanotechnology to predict, and if necessary, prevent, individuals’ future behavior. This means that anyone whose brain is “scanned” could have his Second Amendment and other rights violated because a government bureaucrat determines the individual is going to commit a crime. The system of tracking and monitoring could be used to silence those expressing “dangerous” political views, such as that the Great Reset violates our God-given rights to life, liberty, and the pursuit of happiness.

The Great Reset involves a huge expansion of the welfare state via a universal basic income program. This can help ensure compliance with the Great Reset’s authoritarian measures. It will also be very expensive. The resulting increase in government debt will not be seen as a problem by people who believe in modern monetary theory. This is the latest version of the fairy tale that deficits don’t matter as long as the Federal Reserve monetizes the debt.

The Great Reset ultimately will fail for the same reason all other attempts by government to control the market fail. As Ludwig von Mises showed, government interference in the marketplace distorts the price system. Prices are how information about the value of goods and services related to other goods and services is conveyed to market actors. Government interference in the marketplace disturbs the signals sent by prices, leading to an oversupply of certain goods and services and an undersupply of others.

The lockdowns show the dangers of government control over the economy and our personal lives. Lockdowns have increased unemployment, caused many small businesses to close, and led to more substance abuse, domestic violence, and suicide. We are told the lockdowns are ordered because of a virus that poses no great danger to a very large percentage of the American public. Yet, instead of adopting a different approach, politicians are doubling down on the failed policies of masks and lockdowns. Meanwhile, big tech companies, which are already often acting as partners of government, silence anyone who questions the official line regarding the threat of coronavirus or the effectiveness of lockdowns, masks, and vaccines.

The disastrous response to Covid is just the latest example of how those who give up liberty for safety or health will end up unfree, unsafe, and unhealthy. Instead of a Great Reset of authoritarianism, we need a great rebirth of liberty!


Copyright © 2021 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.

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The Great Reset, Part II: Corporate Socialism | Mises Wire

Posted by M. C. on December 29, 2020

Nevertheless, the aims of the WEF are not to plan every aspect of production and thus to direct all individual activity. Rather, the goal is to limit the possibilities for individual activity, including the activity of consumers—by dint of squeezing out industries and producers within industries from the economy. “Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.”6

https://mises.org/wire/great-reset-part-ii-corporate-socialism

Michael Rectenwald

As I noted in the previous installment, the Great Reset, if its architects have their way, would involve transformations of nearly every aspect of life. Here, I will limit my discussion to the economics of the Great Reset as promoted by the World Economic Forum (WEF), as well as to recent developments that have advanced these plans.

As F.A. Hayek suggested in his introductory essay to Collectivist Economic Planning, socialism can be divided into two aspects: the ends and the means.1 The socialist means is collectivist planning, while the ends, at least under proletarian socialism, are the collective ownership of the means of production and the “equal” or “equitable” distribution of the end products. Distinguishing between these two aspects in order to set aside the question of the ends and to focus on the means, Hayek suggested that collectivist planning could be marshalled in the service of ends other than those associated with proletarian socialism: “An aristocratic dictatorship, for example, may use the same methods to further the interest of some racial or other elite or in the service of some other decidedly anti-equalitarian purpose.”2 Collectivist planning might or might not run into the calculation problem, depending upon whether or not a market in the factors of production is retained. If a market for the factors of production is maintained, then the calculation problem would not strictly apply.

The collectivist planners of the Great Reset do not aim at eliminating markets for the factors of production. Rather, they mean to drive ownership and control of the most important factors to those enrolled in “stakeholder capitalism.”3 The productive activities of said stakeholders, meanwhile, would be guided by the directives of a coalition of governments under a unified mission and set of policies, in particular those expounded by the WEF itself.

While these corporate stakeholders would not necessarily be monopolies per se, the goal of the WEF is to vest as much control over production and distribution in these corporate stakeholders as possible, with the goal of eliminating producers whose products or processes are deemed either unnecessary or inimical to the globalists’ desiderata for “a fairer, greener future.” Naturally, this would involve constraints on production and consumption and likewise an expanded role for governments in order to enforce such constraints—or, as Klaus Schwab has stated in the context of the covid crisis, “the return of big government”4—as if government hasn’t been big and growing bigger all the while.

Schwab and the WEF promote stakeholder capitalism against a supposedly rampant “neoliberalism.” Neoliberalism is a weasel word that stands for whatever leftists deem wrong with the socioeconomic order. It is the common enemy of the Left. Needless to say, neoliberalism—which Schwab loosely defines as “a corpus of ideas and policies that can loosely be defined as favouring competition over solidarity, creative destruction over government intervention and economic growth over social welfare”5—is a straw man. Schwab and company erect neoliberalism as the source of our economic woes. But to the extent that “antineoliberalism” has been in play, the governmental favoring of industries and players within industries (or corporatocracy), and not competition, has been the source of what Schwab and his ilk decry. The Great Reset would magnify the effects of corporatocracy.

Nevertheless, the aims of the WEF are not to plan every aspect of production and thus to direct all individual activity. Rather, the goal is to limit the possibilities for individual activity, including the activity of consumers—by dint of squeezing out industries and producers within industries from the economy. “Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.”6

As Hayek noted, “when the medieval guild system was at its height, and when restrictions to commerce were most extensive, they were not used as a means actually to direct individual activity.”7 Likewise, the Great Reset aims not at a strictly collectivist planning of the economy so much as recommends and demands neofeudalistic restrictions that would go further than anything since the medieval period—other than under state socialism itself, that is. In 1935, Hayek noted the extent to which economic restrictions had already led to distortions of the market:

With our attempts to use the old apparatus of restrictionism as an instrument of almost day-to-day adjustment to change we have probably already gone much further in the direction of central planning of current activity than has ever been attempted before….It is important to realize in any investigation of the possibilities of planning that it is a fallacy to suppose capitalism as it exists to-day is the alternative. We are certainly as far from capitalism in its pure form as we are from any system of central planning. The world of to-day is just interventionist chaos.8

How much further, then, the Great Reset would take us toward the kinds of restrictions imposed under feudalism, including the economic stasis that feudalism entailed!

I call this neofeudalism “corporate socialism”—not only because the rhetoric to gain adherents derives from socialist ideology (“fairness,” “economic equality,” “collective good,” “shared destiny,” etc.) but also because the reality sought after is de facto monopolistic control of production via the elimination of noncompliant producers—i.e., a tendency toward monopoly over production that is characteristic of socialism. These interventions would not only add to the “interventionist chaos” already in existence but further distort markets to a degree unprecedented outside of centralized socialist planning per se. The elites could attempt to determine, a priori, consumer needs and wants by limiting production to acceptable goods and services. They would also limit production to the kinds amenable to the governments and producers who buy into the program. The added regulations would drive midsized and small producers out of business or into black markets, to the extent that black markets could exist under a digital currency and greater centralized banking. As such, the restrictions and regulations would tend toward a static caste-like system with corporate oligarchs on top, and “actually existing socialism”9 for the vast majority below. Increasing wealth for the few, “economic equality,” under reduced conditions, including universal basic income, for the rest.

The Coronavirus Lockdowns, the Riots, and Corporate Socialism

The covid-19 lockdowns, and to a lesser extent the leftist riots, have been moving us toward corporate socialism. The draconian lockdown measures employed by governors and mayors and the destruction perpetrated by the rioters just so happen to be doing the work that corporate socialists like the WEF want done. In addition to destabilizing the nation-state, these policies and politics are helping to destroy small businesses, thus eliminating competitors.

As the Foundation for Economic Education (FEE) points out, the lockdowns and riots have combined to level a one-two punch that is knocking out millions of small businesses—“the backbone of the American economy”—all across America. FEE reported that

7.5 million small businesses in America are at risk of closing their doors for good. A more recent survey showed that even with federal loans, close to half of all small business owners say they’ll have to shut down for good. The toll has already been severe. In New York alone, stay-at-home orders have forced the permanent closure of more than 100,000 small businesses.10

Meanwhile, as FEE and others have noted, there is no evidence that the lockdowns have done anything to slow the spread of the virus. Likewise, there is no evidence that Black Lives Matter has done anything to help black lives. If anything, the riotous and murderous campaigns of Black Lives Matter and Antifa have proven that black lives do not matter to Black Lives Matter. In addition to murdering black people, the Black Lives Matter and Antifa rioters have done enormous damage to black businesses and neighborhoods, and thus to black lives.11

As small businesses have been crushed by the combination of draconian lockdowns and riotous lunacy, corporate giants like Amazon have thrived like never before. As BBC noted, at least three of the tech giants—Amazon, Apple, and Facebook—have appreciated massive gains during the lockdowns,12 gains which were abetted, to a lesser extent, by riots that cost 1 to 2 billion in property damages.13 During the three months ending in June, Amazon’s “quarterly profit of $5.2bn (£4bn) was the biggest since the company’s start in 1994 and came despite heavy spending on protective gear and other measures due to the virus.” Amazon’s sales rose by 40 percent in the three months ending in June.

As reported by TechCrunch, Facebook and its WhatsApp and Instagram platforms saw a 15 percent rise in users, which brought revenues to a grand total of $17.74 billion in the first quarter.14 Facebook’s total users climbed to 3 billion in March, or two-thirds of the world’s internet users, a record. Apple’s revenues soared during the same period, with quarterly earnings rising 11 percent year-on-year to $59.7 billion. “Walmart, the country’s largest grocer, said profits rose 4 percent, to $3.99 billion,” during the first quarter of 2020, as reported by the Washington Post.15

The number of small businesses has been nearly cut in half by the covid-19 lockdowns and the Black Lives Matter/Antifa riots while the corporate giants have consolidated their grip on the economy, as well as their power over individual expression on the internet and beyond. Thus, it would appear that the covid lockdowns, shutdowns, partial closings, as well as the riots are just what the Great Resetters ordered, although I am not hereby suggesting that they did order them. More likely, they have seized the opportunity to cull from the economy the underbrush of small and medium-sized businesses in order to make compliance simpler and more pervasive.

In the end, the Great Reset is merely a propaganda campaign, not some button that globalist oligarchs can push at will—although the WEF has represented it as just that.16 Their plans need to be countered with better economic ideas and concerted individual actions. The only reasonable response to the Great Reset project is to defy it, to introduce and promote more competition, and to demand the full reopening of the economy, at whatever peril. If this means that smaller-scale producers and distributors must band together to defy state edicts, then so be it. New business associations, with the aim of foiling the Great Reset, must be formed—before it’s is too late.

Author:

Contact Michael Rectenwald

Michael Rectenwald was a professor of liberal studies at New York University (retired).

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Alberta, Canada Premier Rejects Idea of “The Great Reset” & Explains What He Believes It Represents – Collective Evolution

Posted by M. C. on December 9, 2020

https://www.collective-evolution.com/2020/12/07/alberta-canada-premier-rejects-idea-of-the-great-reset-explains-what-he-thinks-it-really-is/

ByArjun WaliaCE Staff Writer

In Brief

  • The Facts:In the video below Alberta Premiere Jason Kenney shares his thoughts and opinions on the World Economic Forum’s “The Great Reset.” He believes it represents a power grab for the global elite who are taking advantage of the COVID crises.
  • Reflect On:Are problems created by those who want to propose the solution? Do naturally occurring issues become hi-jacked to implement greater measures of control? Are we living through an epidemic of control?

Throughout history global chaos has always been used as a precursor to big change on our planet. Sometimes many of these changes are done under the guise of good will, where the initiators of these measures claim they are doing it for humanities best interests. We saw this, for example, when NSA whistleblower Edward Snowden exposed the extent of surveillance that’s conducted by the U.S. government, measures put in place that are supposedly for our protection. Snowden has recently expressed his opinion that COVID-19 is being used by governments to grab even more power and take away many of our basic rights and freedoms. This seems to be a common theme also expressed by many when it comes to what’s called “The Great Reset.”

What is “The Great Reset?” It’s an initiative that’s been started by the World Economic Forum (WEF). The House of Windsor, and the UN are prime executive co-producers. It was the title of a book that was published by WEF founder Klaus Schwab and Thierry Malleret earlier this year. Top sponsors include BP, Mastercard and Microsoft. According to them, “There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.”

I am not going to go into great detail here about The Great Reset, as I recently published an essay on it doing just that titled COVID-19: A Precursor To A ‘New World Order?’ aka “The Great Reset.” You can refer to it if interested as it’s a much deeper discussion on the topic. With this piece I simply wanted to share the opinion of Alberta Premier, Jason Kenney, and encourage people to ask themselves why controversial topics are always presented as a “conspiracy theory” and never really discussed or addressed properly by mainstream media.

It’s time to truly begin having serious conversations about controversial topics and learning to empathize with differing positions on them. The need for collective sensemaking is at an all-time high, and if we are constantly divided and unable to perceive reality from the perspective of anybody else we are going to struggle to create meaningful change. This is both a time to consume information and to develop ourselves personally to become effective changemakers.

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Central Bank Digital Currencies and the War on (Physical) Cash | Mises Wire

Posted by M. C. on December 7, 2020

At the end of the day, central bank digital currencies are all about control, not meeting consumer demand. The ECB admits as much at several points in their report. Here is just one instance: If people are really demanding a digital euro, why would it have to be assigned legal tender status in order for it to be accepted, as the authors of the report clearly state would be necessary (p. 33)? The only scenario where introducing a CBDC makes sense is in order to phase out the use of physical cash in order to be able to impose whatever negative interest rate regime the central bankers in charge judge necessary. Helicopter money, restrictions on cash holding, and negative interest rates are all part of the bundle of desirable policies that can only—or most easily—be achieved with digital currencies fully controlled by the issuing central banks.

https://mises.org/wire/central-bank-digital-currencies-and-war-physical-cash

Kristoffer Mousten Hansen

Twenty twenty is a year dominated by bad news. While governments around the world have imposed extremely destructive restrictions on economic life and promise a “Great Reset” that amounts to a great leap forward into the socialist future, central bankers have advanced plans for implementing central bank digital currencies (CBDCs). These may arrive as early as next year. Yet what is the motivation behind this innovation? Reports recently published by the Bank for International Settlements1 and the European Central Bank2 provide part of the answer. These publications provide fascinating insight into the theories and ideologies driving central bankers in their pursuit of CBDCs.

Monetary Policy? Moi?

One perhaps surprising theme in both reports is the disavowal of any monetary policy behind plans for introducing CBDCs. The BIS report claims that “[m]onetary policy will not be the primary motivation for issuing CBDC” (p. 8) and the ECB report notes that a “possible role for the digital euro as a tool to strengthen monetary policy is not identified in this report” (p. 3). One might first of all suppose that introducing a new form of money would by definition amount to monetary policy, at least in a broad sense, and secondly perhaps find it a tiny bit weird that institutions dedicated to researching and implementing monetary policy would not have considered the potential effects of a new form of money in light of its effects on policy. But what is really striking is that both reports—and especially the one issued by the ECB—at great length detail the implications for monetary policy of CBDC. True, they say they don’t, but looking beyond the executive summary and paying attention to what is written in the report itself puts the lie to that claim.

In order to see this, we only need to look at the key features the central bankers identify as desirable in a CBDC: it should be interest bearing, and it should be possible to cap how much each individual can hold. Both measures are clearly aimed at supporting monetary policy. The cap on holdings forces people to spend their money, driving either price inflation or investment in financial assets, and by making the CBDC interest bearing (or remunerated, in the language of the ECB) it becomes a tool of setting and passing on policy rate changes, including negative interest rates.

The ECB’s Report on a Digital Euro in particular goes on at great length about the need to limit or disincentivize “the large-scale use of a digital euro as an investment” (p. 28). The reasoning behind this position is crystal clear: since monetary policy has driven interest rates into negative territory, the ECB should not allow large-scale holding of digital euros, since investors would then, quite sensibly, chuck their holdings of negative-yielding bonds and seek a safe haven in digital euros—that is, if they can hold them at no cost. Similarly, the ECB is averse to letting people convert their bank deposits into digital euros (p. 16), which would reside in their individual wallets rather than in a bank account. Indeed, the horror of what the BIS and ECB reports call “financial disintermediation” looms large in the minds of central bankers: if people keep their money outside of banks, these will have less money to lend out, thereby increasing borrowing costs. In the words of the BIS report, they are concerned that

a widely available CBDC could make such events [i.e., bank runs] more frequent by enabling “digital runs” toward the central bank with unprecedented speed and scale. More generally, if banks begin to lose deposits to CBDC over time they may come to rely more on wholesale funding, and possibly restrict credit supply in the economy with potential impacts on economic growth. (p. 8)

Of course, Austrian economists since Ludwig von Mises3 understand that “financial disintermediation” can really be a blessing. In the context of digital euros, all it means is that people would hold the amount of cash they deemed desirable outside the banks. They would only make true savings deposits in banks, i.e., they would only surrender money that they did not want instant access to. Under such circumstances, banks would be incapable of expanding credit by issuing unbacked claims to money; they could only make loans out of the funds their customers had explicitly made available for that purpose. This would not only result in a leaner or sounder financial system, it would also avoid the problems of the perennially recurring business cycle. And contrary to what the central bankers fear, the supply of credit would not be restricted, it would simply be forced to correspond to the supply of real savings in the economy. This, unfortunately, is an understanding of economics completely alien to central bankers.

Negative Interest Rates

One aim in introducing CBDCs that is only hinted at is the possibility of imposing even lower negative interest rates. In recent years monetary economists4 have increasingly discussed the problem of the “zero lower bound” on interest rates: the fact that it is impossible to set a negative interest since depositors in that case would simply shift into holding physical cash. When manipulating the interest rate is the main policy tool of central banks this is obviously a problem: How can they work their alchemy and secure an acceptable spread between the main policy rates and the market rate of interest when interest rates are already very low? Allowing for the cost of holding physical cash, –0.5 percent seems to be about as low as they can go.

With a centrally controlled digital currency this problem would disappear. The central bank could set a limit on how much each person and company could hold cost free, and above this limit, they would have to pay whatever negative interest rate (or “remuneration,” as the ECB insists on calling it) is consonant with central bank policy. In this way, holding cash would not obstruct monetary policy, as the cash holdings would be fully under the control of the central bank.

There is just one problem with using CBDC in this way: it only works if physical cash is outlawed. Otherwise, physical cash would still simply play the role it does today, i.e., as the most basic and least risky way of holding one’s wealth and of avoiding negative interest rates. The BIS report clearly identifies this problem (p. 8n7), as does the ECB (p. 12n18): a CBDC could help eliminate the zero lower bound on interest rates, but only if physical cash disappeared. So long as physical cash remains in use, the zero lower bound cannot be breached.

But the People Demand It!

However, people might of their own accord come to the rescue of the world’s central banks, sorely beset as they are by the zero lower bound. At least according to Benoît Coeuré, head of the BIS Innovation Hub (the group tasked with researching CBDC), plenty of people want a central bank digital currency. The ECB also sees the decline in the use of physical cash in favor of other means of payment as one of the main scenarios that would require the issue of a digital euro (p. 10).

Now, while some people might like CBDC, there is really no reason to believe, notwithstanding monsieur Coeuré’s anecdotal evidence, that there is widespread demand for central bank digital currency. The ECB admits as much when they write that physical cash is still the dominant means of payment in the euro area, accounting for over half the value of all payments at the retail level (p. 7). But Coeuré does not need to go far to see the continuing relevance of cash: in 2018 researchers at the BIS itself concluded that cash, far from declining in importance, was still the dominant form of payment.5 More recently, a study in the International Journal of Central Banking showed that cash usage is not only not declining, but even increasing in importance.6

Be that as it may, the central bankers are certainly right that there is an increased demand for digital payment solutions and for cryptocurrencies. However, it is erroneous to conclude from this that therefore a central bank digital currency is demanded. Demand for a payment solution is not the same as demand for a new kind of money. It simply means that people demand payment services that allow them to more cheaply transact with each other. Such services are plentifully provided by companies such as Visa, Mastercard, Paypal, banks, and so on and so forth. There is no reason to believe that central banks need to provide this service nor that they could do it better than private companies and banks, and it is simply a mistake to equate demand for such services with demand for a money.

The mistake in the case of cryptocurrencies is even more egregious. When people hold bitcoin or another cryptocurrency, it is not because their heartfelt demand for a CBDC has to go unfulfilled and this is their closest alternative. On the contrary, people want to own bitcoin precisely so they can avoid the negative interests imposed on the established banking system and the risks of holding inflationary fiat money. Introducing a CBDC would not mitigate those risks, but rather add to them, as the central bank would assume total control of the money supply through it and the attendant abolition of physical cash. The felt need for inflation hedges and the desire to escape central bank control, including as it does negative interest rates and caps on how much cash one could hold, would only increase.

It’s All about Control

At the end of the day, central bank digital currencies are all about control, not meeting consumer demand. The ECB admits as much at several points in their report. Here is just one instance: If people are really demanding a digital euro, why would it have to be assigned legal tender status in order for it to be accepted, as the authors of the report clearly state would be necessary (p. 33)? The only scenario where introducing a CBDC makes sense is in order to phase out the use of physical cash in order to be able to impose whatever negative interest rate regime the central bankers in charge judge necessary. Helicopter money, restrictions on cash holding, and negative interest rates are all part of the bundle of desirable policies that can only—or most easily—be achieved with digital currencies fully controlled by the issuing central banks.

Ironically, far from buttressing the role of central banks and government fiat money, imposing a CBDC may have the completely opposite effect. Replacing physical cash with a CBDC would only strengthen the undesirable qualities of fiat money and further hamper a free market in money and financial services, increasing the demand for alternatives to government money, such as gold and bitcoin.

  • 1. Bank of Canada, European Central Bank, Bank of Japan, Sveriges Riksbank, Swiss National Bank, Bank of England, Board of Governors of the Federal Reserve, and Bank for International Settlements, CBDC: Central Bank Digital Currencies: Foundational Principles and Core Features (N.p: Bank for International Settlements, 2020), https://www.bis.org/publ/othp33.htm.
  • 2. European Central Bank, Report on a Digital Euro (Frankfurt am Main: European Central Bank, October 2020), https://www.ecb.europa.eu/euro/html/digitaleuro-report.en.html.
  • 3. Ludwig von Mises, The Theory of Money and Credit, trans. H. E. Batson (New Haven, CT: Yale University Press, 1953), p. 261ff.
  • 4. See, e.g., Marvin Goodfriend, “Overcoming the Zero Bound on Interest Rate Policy,” Journal of Money, Credit and Banking 32, no. 4 (2000): 1007–35.
  • 5. Morten Bech, Umar Faruqui, Frederik Ougaard, and Cristina Picillo,”Payments Are A-Changin’ but Cash Still Rules,” BIS Quarterly Review (March 2018): 67–80.
  • 6. Jonathan Ashworth and Charles A.E. Goodhart, “The Surprising Recovery of Currency Usage,” International Journal of Central Banking 16, no. 3 (2020): 239–77.

Author:

Kristoffer Mousten Hansen

Kristoffer Mousten Hansen is a research assistant at the Institute for Economic Policy at Leipzig University and a PhD candidate at the University of Angers. He is also a Mises Institute research fellow. 

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Hungary and Poland Create The Unbridgeable Gap of the Great Reset

Posted by M. C. on November 30, 2020

Through bullying, bad arguments, derision and shaming the relentless pressure of sociopaths and psychopaths wears most people down to the point where they negotiate away something that they didn’t have to.

They get you to agree to putting on a mask to make people feel better, accepting “sensible” gun legislation, voting for the guy who promises to only take 25% of your income versus that guy that wants 40%, etc.

In Brexit talks the EU tried to cleave off Northern Ireland as a cost to Brexit or maintain control over British law through the European Court of Justice.

https://tomluongo.me/2020/11/28/hungary-poland-unbridgeable-gap-great-reset/

Author: Tom Luongo

There comes a point where negotiation becomes surrender. Those actively undermining you will always demand more than their right. Those behind the Great Reset have been creating no-win situations for voters for decades to this exact end.

Over the summer Hungary’s Viktor Orban and Poland’s Mateusz Morawiecki led the opposition to the EU’s budget and COVID-19 relief package standing firm that funds not be tied to any internal political decisions member EU states make.

Both of these countries have incurred the wrath of German Chancellor Angela Merkel over things they do she doesn’t like, invoking Article 7 against Poland over changes made to its Supreme Court, for example.

So, this is nothing new. Neither is the way the EU conducts itself in negotiations.

For the past four years we’ve watched the EU put the United Kingdom through the worst kind of psychological torture over Brexit negotiations which have been anything but.

Fishy Brexit Talks

It’s been a calculated and cynical campaign coordinated with global media, foreign governments, paid political propagandists and intelligence agency operatives.

Through bullying, bad arguments, derision and shaming the relentless pressure of sociopaths and psychopaths wears most people down to the point where they negotiate away something that they didn’t have to.

They get you to agree to putting on a mask to make people feel better, accepting “sensible” gun legislation, voting for the guy who promises to only take 25% of your income versus that guy that wants 40%, etc.

In Brexit talks the EU tried to cleave off Northern Ireland as a cost to Brexit or maintain control over British law through the European Court of Justice.

Negotiation is a natural part of human interaction. There’s nothing inherently wrong with it, as long as both sides approach the negotiation honestly.

But, in politics, especially when dealing with those of a particularly self-righteous leftism so common today — as as shorthand I’ll just call them Commies — negotiation for them is a tactic in a strategic war.

Because at the core of their argument is always the threat of violence at worst and emotional blackmail at best. And that forms the basis for a negotiation that truly isn’t one, but made to look like you have a say in the outcome.

But in reality you don’t. They want all that you have and are willing to take it from you one bite at a time. In fact, the most psychotic of them truly enjoy this process of consuming you slowly.

Brexit negotiations have supposedly come down to how much French fishermen will still be able to plunder British fishing waters even though the U.K. is supposedly a sovereign country. The latest offer from the clueless Michael Barnier is the Brits get tithed 15 to 18% of what the French steal.

BREAKING: the EU’s chief negotiator Michel Barnier will propose that between 15pc and 18pc of the fish quota caught in UK waters by EU fleets will be restored to the UK under a free trade agreement, @rtenews understands— Tony Connelly (@tconnellyRTE) November 27, 2020

This is supposed to be seen as a breakthrough, according to the breathless regime media. But really it’s an insult. If the U.K. is sovereign and by international law these waters are theirs, then the EU has no rights to them unless the Brits grant them access.

But it seems on this small issue, which has now become symbolic of the entire Brexit process, the U.K. is still saying no. Negotiating even this small point is tantamount to surrender.

And they are right. Because agreeing to anything with these people is ultimately telling them what your price is.

Cigarettes and Blindfolds?

This is why, in all things political from the local to the trans-national, every small victory codified into some rule or same treaty is used as a springboard to the next victory and so on. There is no end to the war until one side achieves total domination or the other side, backed into a corner, stands its ground.

While I’ve used Brexit talks as the metaphor here, it’s not really apropos because Brexit, legally, already happened. In a little over a month there may be no formal relationship between the U.K. and the EU.

For Hungary and Poland, however, the situation is far more existential. And it is why they had to veto the 7-year EU budget and with it the COVID-19 relief package two weeks ago.

This piece of news is truly one of the most historic decisions made by any national leader in 2020. And if not for the U.S. presidential election fraud it may well have been the biggest story of the past month.

Neither Hungary nor Poland have the economic or political power of even the U.K. Together they aren’t close to the U.K. in global influence. And because of that have much more to lose in angering the EU gods in Brussels than the Brits ever did.

It’s why both Prime Ministers Orban and Morawiecki tread lightly and go along with so many terrible edicts that come from the EU — really from France and Germany — against their will.

Both men understand the difficult position their countries are in, trapped between no less than three major powers — the U.S., the EU and Russia. The balancing act between those three powers is, at best, a difficult one. At worst, it’s a complete nightmare.

So them standing tall here is truly a momentous event and most probably a harbinger of big changes coming to the EU. They’ll both be under the most intense pressure to cave. Expect activation of Soros-bots in Hungary.

The smartest thing either could do right now is to open up new rounds of talks with the Russians who just announced they are pretty much done with negotiating anything more with the EU.

That would give them both tremendous leverage with Brussels, by cutting down their list of ‘enemies’ from three to two, even if it means courting further sanctions from Merkel and her new Stasi.

Where the State, as an institution, is at its most pernicious is in providing a vector by which these people, when their arguments are rejected via persuasion, can force them into being through the ballot box or legislative fiat.

And since we all agreed to be governed by these rules, so the argument goes, then you have to submit to the outcome otherwise there is chaos. And that’s the rhetorical and psychological wedge tyrants use to separate you from your liberty and, most importantly, your money.

When in the Course of Human Events…

But what happens when the people in the negotiations lie, cheat, manipulate and bend the rules? What happens when negotiations at one point in time, say July at the European Council Summit, yield one outcome and the final legislation says the exact opposite?

If you are Viktor Orban and Mariusz Moraweiki you stand your ground and realize that anything less than outright rejection is full on surrender, no different than the argument over EU fishing access to UK waters.

This is what these men had to do. Because by tying vague EU standards of what constitutes violations of the ‘rule of law’ to disbursement of funds under the budget is far more than what Hungarians or Poles signed up for when they entered the EU in the first place.

It is precisely because of this creeping centralization of control to the unelected bureaucracy in Brussels that the Brits voted for Brexit, in effect, twice. The second time they did so even more emphatically than in 2016.

Hungary and Poland are very clear as to what their problems are and why they will not budge. Read their joint statement here. The most important part is the final paragraph however.

Our common proposal is to facilitate the speedy adoption of the financial package by establishing a two-track process. On the one hand, to limit the scope of any additional budgetary conditionality to the protection of the financial interests of the Union in accordance with the July conclusions of the European Council. On the other hand, to discuss in the European Council, whether a link between the Rule of Law and the financial interests of the Union should be established. If it is so decided, then the appropriate procedures foreseen by the Treaties, including convening an intergovernmental conference, should be considered in order to negotiate the necessary modification of the Treaties.

Note they use the word ‘negotiation.’ But they also tie the outcome of that negotiation to a modification of the Treaties signed by each member state. In effect, saying, we as heads of state will negotiate the best possible offer, but it will still be up to you, the people, to ratify this.

And if you turn us down, then so be it.

This, of course, is anathema to the World Economic Forum, Open Society Foundation and the rest of the burgeoning technocracy being built through the expansion of powers wielded by the European Commission, which this budget and relief package sought to greatly expand.

We all know how voters choose in Europe when it comes to the European Union and the vote is open, fair and the people well-informed. The EU would never survive such a vote on the amendment of the Treaties which form it.

Orban, especially, knows this. And he has taken on the leadership role in this fight. You know he is effective because they despise him, drawing him up as a cartoonishly evil cross between Snidely Whiplash and Vlad the Impaler.

And despite the massive amount of money Soros spends in Hungary to overthrow Orban it hasn’t worked. So, something will have to be done quickly to remove him from the game board or we’ve reach Peak EU.

Reset This!

See the rest here

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EconomicPolicyJournal.com: This is the Most Alarming Thing I Have Read About the Likely Biden Administration

Posted by M. C. on November 28, 2020

https://www.economicpolicyjournal.com/2020/11/this-is-most-alarming-thing-i-have-read.html

Joe Cirincione, who identifies himself as a “Hill Rat,” teaches at Georgetown and is a member of the Council on Foreign Relations, has sent this tweet out:

In his remarks, Jake Sullivan says @JoeBiden tasked them to “reimagine national security” to include “the pandemic, the economic crisis, the climate crisis, technological disruptions, threats to democracy, racial injustice and inequality in all forms.” 💯— Joe Cirincione (@Cirincione) November 24, 2020

This is the “Great Reset” combined with social justice warrior madness.

It is all part of the crony globalist attempt to gain control of the world and turn everyone, except for insiders, into serfs.

This is extremely alarming. If a battle needs to be launched, it is against this. –RW

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Doug Casey on the COVID Restrictions and the “Great Reset”

Posted by M. C. on November 27, 2020

Doug Casey: There’s not much question about it. First, let me draw your attention to an important fundamental: the type of people who go into government. It doesn’t matter if it’s national, state, county, or city government.

They’re the kind of people who think they know what’s best for others and like bossing them around. They see the virus as a great opportunity to make themselves important and to cement themselves in power. They want to deconstruct America. The phrase “build back better” is being used not just by people in the new Biden regime but by people all over the world.

https://internationalman.com/articles/doug-casey-on-the-covid-restrictions-and-the-great-reset/

by Doug Casey

International Man: Thanksgiving and the holiday season are here. The COVID hysteria has justified a new wave of government restrictions.

Many governors and mayors are ordering citizens to “stay at home” and cancel their traditional plans.

Is this a “new normal” in which local officials feel emboldened to dictate more and more of what people can do in their own homes?

Doug Casey: There’s not much question about it. First, let me draw your attention to an important fundamental: the type of people who go into government. It doesn’t matter if it’s national, state, county, or city government.

They’re the kind of people who think they know what’s best for others and like bossing them around. They see the virus as a great opportunity to make themselves important and to cement themselves in power. They want to deconstruct America. The phrase “build back better” is being used not just by people in the new Biden regime but by people all over the world.

These people see the COVID hysteria as an excuse for a “Great Reset.” They don’t describe exactly what the elements of the Great Reset might be, but they’re hitting the same notes sung by the people that go to the World Economic Forum in Davos. They’re promoting a great change in the world at large and America in particular.

It appears the world is ready for it; however, it’s for the same reasons that Biden won the election. I listed six factors why I thought Biden would win in our interview a couple of months ago: the virus hysteria, a pending economic collapse, negative demographics, the moral collapse of the old order, and the Deep State, and, of course, cheating—which was critical in the short term. There’s no question that stormy times are ahead.

We’re headed for a great leap forward—to borrow a phrase from Mao—in State power. Much higher taxes, much higher inflation, much more regulation, a big drop in the general standard of living, and a fair measure of social chaos.

International Man: Among the most extreme examples of this dystopian power trip is from California’s governor Gavin Newsom.

Recently, he issued a list of nine mandatory requirements for Thanksgiving social gatherings. The ridiculous list includes things like “no more than three households” at Thanksgiving, mandatory masks at all times except when eating, and no shared family-style dishes for guests.

Has the COVID hysteria generated a serious new political threat to individual freedoms?

Doug Casey: It seems like the world is mimicking the dystopian movie, V for Vendetta, in which a virus played a major role.

If it’s not this virus, which is trivial for everyone except very old or very sick people, there will be another virus. In addition to the seasonal flu, about every decade, there’s something new—Hong Kong flu, Asian flu, swine flu, bird flu, SARS… all of them about as deadly as COVID, and none of them even remotely comparable to the Spanish flu of 1918. None of them, even the Spanish flu, had serious economic consequences. This flu is only serious because of the hysteria surrounding it.

Consequences? Testing will be mandatory, and you’ll need a health passport. At some point that may include being chipped, like your dog. What shocks me is that the average person is all for it. Everybody is a “Karen” today. They shame people who don’t wear their masks, despite the fact that masks are of little or no value. Masks, social distancing, lockdowns, and non-gathering are doing immense damage to society at every level—health-wise, socially, and financially. This nonsense is rupturing the social fabric everywhere. That’s extremely dangerous.

The fact is that people are looking for guidance from the government—not independent scientists, who are being “canceled” and de-platformed. This is more serious than the hysteria that started with 9/11, which is ongoing. The COVID hysteria can best be compared to the Salem Witch Trials, the Orson Wells Martian Invasion Hoax, or an end-of-the-world prediction in a religious cult.

International Man: California’s Governor Newsom was recently busted at one of that state’s fanciest restaurants for breaking the exact rules he imposed on everyone else.

When asked to comment, he said it was “an error in judgment.”

What’s your take on politicians like Newsom and others who are revealing that the lockdowns are “for thee and not for me”?

Doug Casey: I don’t think there’s a cure for it. You’ve got to remember that California has elected insane politicians for decades now—one after another after another, each one worse than the one before. Why should that trend change? The voters are clearly getting what they want.

In fact, the trend is accelerating towards more authoritarian leaders at every level. Fear is ruling the public psyche. And when people are afraid—whether of the virus, economic turbulence, a foreign or domestic enemy, or a hundred other things—they want “strong leadership.” Elected politicians have become an elected aristocracy, a new ruling class. And they like it.

The best thing that can happen to California is that it breaks up into several states.

Southern California around Los Angeles is one culture; San Francisco and Oakland are another culture. In the far north—places like Humboldt, Trinity, Siskiyou counties—are totally different cultures again. The farming areas are yet another culture. There’s absolutely no reason for California to be one state. Dividing it would be a way of limiting the damage.

But that’s not going to happen for a lot of reasons. Of course, as I’ve pointed out before, the best thing that can happen to the United States at this point is to break up into several different countries.

Politicians like Gavin Newsom live in their own silos. They’re like medieval royalty. They don’t know and don’t really care what the little people do as long as the little people pay their taxes and do what they’re told.

The plebs are so indoctrinated and browbeaten that they’re happy to pay their taxes and follow orders. They’re told it’s the cost of civilization when it’s actually a sign of how uncivilized the world is becoming, and how different the US is from the ideas that once made America unique. I don’t see any solution because trends stay in motion until they reach a crisis point.

A crisis is coming, and at that point, anything can happen. Generally speaking, when you have a crisis due to bad times, things usually get worse, because the most aggressive liars and power-grabbers take control. So, I’m not terribly optimistic about the near-term future.

Editor’s Note: There’s no question the elite are eager to promote policies like negative interest rates, the abolition of cash and more. These trends are in motion, and are accelerating at a rapid rate.

It’s all shaping up to be a world-class disaster…

That’s exactly why New York Times bestselling author Doug Casey and his team just released an urgent new report with Doug’s top 7 predictions—including how to survive and thrive in turbulent times. Click here to download the free PDF now.

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America’s Economy Cannot Survive Another Lockdown, and the Cult of the Reset Knows It – LewRockwell

Posted by M. C. on November 25, 2020

For a real free market to function, weak or corrupt elements must be allowed to fail and die. Instead, central banks around the world and most prominently the Fed kept all of those destructive elements on life support.

This has created what amounts to a “zombie economy:”

The “great reset” is just another phrase for “the new world order.” It is important to understand that the reset these people are talking about has actually been engineered and staged for many years. 

https://www.lewrockwell.com/2020/11/no_author/americas-economy-cannot-survive-another-lockdown-and-the-cult-of-the-reset-knows-it/

By Brandon Smith
Alt-Market

The U.S. economy has been on the verge of collapse for at least a decade, ever since the crash of 2008 and the subsequent explosion in fiat stimulus from the Federal Reserve. While the mainstream media has always claimed that central bankers “saved” us from another Great Depression, what they actually did was set us up for a far worse scenario — a stagflationary implosion of our society.

Here is the primary problem: By injecting trillions of bailout dollars into the system, the Federal Reserve prevented the economy from going through its natural purging cycle. This cycle would have been painful for many, but survivable, and it would have removed large amounts of excess debt, parasitic corporations that produce little or nothing of use, as well as numerous toxic assets with no legitimate value. For a real free market to function, weak or corrupt elements must be allowed to fail and die. Instead, central banks around the world and most prominently the Fed kept all of those destructive elements on life support.

This has created what amounts to a “zombie economy:” a system that needs constant outside support (stimulus) in order to continue moving forward. In the process of keeping zombie corporations and other parts of the body alive, healthy parts of the economy, like the small business sector, get devoured. Jenga Classic Game Check Amazon for Pricing.

The zombie economy is, however, highly fragile. All it takes is one or two major shocks to bring it down, and the moment this happens the whole facade will disintegrate, leaving the public in panic and disarray. This is what is happening right now in 2020, and it will get much worse in 2021.

Bailouts encourage and reward unhealthy financial behavior, and this is why national debt, corporate debt and consumer debt have recently hit historic highs. When every pillar of the economy is encumbered with the weight of debt, any instability has the possibility of bringing all those pillars down at once. The Federal Reserve turned the U.S. into an economic time bomb, and the Fed is itself more like a suicide bomber than some kind of fiscal savior.

The “Great Reset”

I first heard the term “global reset” or “great reset” back in 2014/2015. I wrote an article about how the reset was actually a long term process in my article The Global Economic Reset Has Begun. Christine Lagarde was the head of the IMF back then, and she mentioned it briefly in multiple interviews.

I made a mental note of it because it seemed planted into the discussion very awkwardly, as if it was scripted. I rarely heard it mentioned for years after that. In 2020, as we descend into social and economic chaos, I’m seeing the phrase used everywhere in the media and by globalists.

Over the past decade, globalist institutions have come up with numerous phrases that seem to refer to a worldwide planned and dramatic shift in human society sometime in the near future. The “great reset” is just another phrase for “the new world order.” It is important to understand that the reset these people are talking about has actually been engineered and staged for many years. This is not something that just popped up in 2020 — they have been talking about it since at least 2014. And before that, they talked about the new world order, and “multilateralism,” and the “multi-polar world order,” and Agenda 2030, etc. Exploding Kittens Card… Buy New $9.99 (as of 06:08 EST – Details)

The reset is the catalyst phase of an agenda that has been in the works for a long time now. The goal, as they have openly admitted many times, is to centralize the entire globe into one monetary structure, one highly interdependent and socialized economy, and eventually one faceless and unaccountable governing body.

One of the biggest obstacles to the finalization of the reset and the formation of the new world order has been liberty-minded populations across the planet — most of all, the liberty-minded people within America. The U.S. has to be destabilized or eliminated; the old world order has to be brought down before the new world order can be introduced. The people have to be beaten down and desperate, so that when the globalists offer their “reset” as the solution, the people will gladly accept it without question — simply because they want the economic pain and uncertainty to stop.

A common statement made by globalists from Klaus Shwab at the World Economic Forum to the current Prime Minister of Canada, Justin Trudeau, is that the coronavirus pandemic is the “perfect opportunity” to trigger the “great reset.” As globalist Rahm Emanuel is famous for admitting, in crisis there is opportunity to do things you were not able to do before.

In other words, when people panic in the face of crisis, they become easy to manipulate. And, if a crisis doesn’t happen naturally, then why not create a crisis from thin air and use that to cause panic?

Enter the economic lockdowns…

The lockdowns have not only been proven to do nothing to stop the spread of the coronavirus, but they are also a clear attack on what’s left of our economic system. The small business sector in particular is being gutted as more than 60% of those that shut down during the first lockdown were unable to reopen. Small businesses provide more than half of all employment in the U.S.. When they collapse, the U.S. economy will have nothing left except the big-box corporations that the Fed put on life support over a decade ago. Throw Throw Burrito by… Buy New $24.99 (as of 06:08 EST – Details)

Real unemployment, which is already at 26%, will skyrocket even further if a second national lockdown is initiated. The speedy collapse of the U.S. economy will be assured, and the “great reset” can commence. At least, that is what the globalists want to happen…

With the U.S. presidential election currently being contested, it is hard to say how the next few months will play out in detail. As I have been pointing out since July, a contested election is the best possible scenario for the globalists because it creates a Catch-22 situation:

  1. If Trump stays in office, the political left will accuse him of usurping the presidency and there will be mass riots in the streets. Conservatives will be tempted with the idea of bringing in martial law to suppress rioters, and such measures will undermine the flow of the U.S. economy, causing its fragile structure to implode.
  2. If Biden enters the White House, then he will attempt a Level 4 lockdown similar to the lockdowns we have seen in Australia, France, Germany and the UK; perhaps even worse. Our economy will crumble, conservatives will revolt, and Biden will attempt martial law measures.

Either way, the globalists get their crisis, and therein their opportunity.

Surviving the lockdowns and deterring the globalists

Taco Cat Goat Cheese P… Buy New $9.99 (as of 06:08 EST – Details) But here is where things get less certain for the elites. If liberty-minded Americans organize immediately for security and mutual aid, we can defuse the Catch-22. If we provide for our own security within our own communities, there will be no rationale for Trump to institute martial law. Community security is an awesome deterrent against leftist rioting and looting, and basic economic trade can continue.

By extension, if we organize our own community security as well as localize our economies with barter and trade, we also act as a deterrent to Biden and any ideas he might have of enforcing national lockdowns. The point is, we can’t allow the globalists to dictate the terms of the crisis. We must act to change the rules of the game.

The reset is not a natural inevitability, it is a con, a trap. No matter how bad the crisis in our nation becomes, it is the people — namely the liberty-minded people — who will determine the future, not the globalists. Their plan relies on our panic. Instead of panic, let’s show them a unified front and a plan of our own.

This article was written by Brandon Smith and originally published at Birch Gold Group

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Covid-19 Is a Hoax Leading to the Centralization of Control: ‘The Great Reset’ Is the Real Pandemic – LewRockwell

Posted by M. C. on November 24, 2020

There are many agendas being pursued by the self-claimed elites, but the core element of this takeover of society is based on centralizing all power in the hands of the few so that the masses and the world economy can be controlled from the top. This has always been about power and control, and has never been about any risk due to any virus.

https://www.lewrockwell.com/2020/11/gary-d-barnett/covid-19-is-a-hoax-leading-to-the-centralization-of-control-the-great-reset-is-the-real-pandemic/

By Gary D. Barnett

“Every time I hear a political speech or I read those of our leaders, I am horrified at having, for years, heard nothing which sounded human. It is always the same words telling the same lies. And the fact that men accept this, that the people’s anger has not destroyed these hollow clowns, strikes me as proof that men attribute no importance to the way they are governed; that they gamble – yes, gamble – with a whole part of their life and their so called ‘vital’ interests.”

 ~ Albert Camus (1978). “Notebooks, 1935-1942”, Harcourt

Is it any wonder that the entirety of our current predicament rests on the lies of the governing system and its ruling accomplices? American governance, all governance in fact, is and has always been susceptible to seeking power and control by means that prove very harmful to the general population. Conspiracy is always evident, and has led to abuses that have included theft, war, killing, imprisonment, torture, and in many cases genocide. In the U.S. today during this false flag event called a ‘virus pandemic,’ we have already seen massive theft in the form of multi-trillion dollar money printing, imprisonment of much of the country through lockdown and isolation mandates, killing of the old and innocent through criminal medical care or lack of medical care, medical martial law, and torture in that many died horrible deaths due to state regulations and procedures. This is a war, but in this case the war is openly being waged against the American public by the very government that most support. Americans have voluntarily allowed its existence, and this is a travesty.

What is likely unknown to most is that this nightmare is just beginning, while the average citizen is still thinking about or hoping for a return to ‘normal.’ Hope and prayer without action will accomplish nothing, but little if any mass dissent and disobedience are evident at this time. The reinstating and acceleration of the tyrannical measures we have seen to date are just around the corner, and with the ‘perfect storm’ of a very weak and unhealthy society with highly compromised immune systems, during what will probably prove to be an especially severe flu season, the sickness and death will all be blamed on a virus that has never been shown to exist. This is astounding, because this information is readily available for any that choose to see, but mass blindness seems to be a real risk we face today. This public blindness is due to ignorance and indifference, and that combination is a recipe for disaster.

There are many agendas being pursued by the self-claimed elites, but the core element of this takeover of society is based on centralizing all power in the hands of the few so that the masses and the world economy can be controlled from the top. This has always been about power and control, and has never been about any risk due to any virus. The fact that no such thing as ‘Covid-19’ has ever been isolated or identified, is staggering to say the least, but this ruse has been fully accepted by the herd, so much so that their very lives and livelihoods have been purposely destroyed due to voluntary compliance. Most have concentrated on being obedient slaves, while becoming fearful of their own family, friends, and neighbors in order to protect themselves from a ‘deadly virus’ that according to the perpetrators of this fraud has a stated survival rate of over 99.8%. In other words, there is no virus threat.

This conspiracy has but one main goal, and that is securing the centralization of power and control over all people and economies in order to achieve global dominance. It is being labeled as ‘The Great Reset,” as described by the very evil Klaus Schwab who is the founder and Executive Chairman of the World Economic Forum. He is tied to Bill Gates, George Soros, and the rest of these inhuman monsters. His and the ruling class ‘elites’ plans for our future are ominous, and currently being accepting by the bulk of this pathetic society. Here are some of his predictions for 2030, which include the United States surrender to the United Nations:

  1. “You’ll own nothing” — And “you’ll be happy about it.”
  2. “The U.S. won’t be the world’s leading superpower”
  3. “You won’t die waiting for an organ donor” — They will be made by 3D printers
  4. “You’ll eat much less meat” — Meat will be “an occasional treat, not a staple, for the good of the environment and our health.”
  5. “A billion people will be displaced by climate change” – Soros’ Open Borders
  6. “Polluters will have to pay to emit carbon dioxide” – “There will be a global price on carbon. This will help make fossil fuels history”
  7. “You could be preparing to go to Mars” — Scientists “will have worked out how to keep you healthy in space.”
  8. “Western values will have been tested to the breaking point.” – “Checks and balances that underpin our democracies must not be forgotten

He is also a proponent of transhumanism, and has said that nothing will ever return to the ‘broken’ sense of normalcy that prevailed prior to the crisis because the “coronavirus pandemic marks a fundamental inflection point in our global trajectory.” Schwab stated this even though admitting that: “Unlike certain past epidemics, COVID-19 doesn’t pose a new existential threat.” Covid-19 never existed, and never was a threat, but has been the tool used to advance a new world order, or as he calls it, the “Fourth Industrial Revolution.”

Concerning the melding of machines and humans, transhumanism, Schwab spells it out in more detail in Shaping the Future of the Fourth Industrial Revolution:”

Fourth Industrial Revolution technologies will not stop at becoming part of the physical world around us—they will become part of us. Indeed, some of us already feel that our smartphones have become an extension of ourselves. Today’s external devices—from wearable computers to virtual reality headsets—will almost certainly become implantable in our bodies and brains. Exoskeletons and prosthetics will increase our physical power, while advances in neurotechnology enhance our cognitive abilities. We will become better able to manipulate our own genes, and those of our children. These developments raise profound questions: Where do we draw the line between human and machine? What does it mean to be human?

“We the people” are not a part of this agenda, and are not included in this planning of a new society. We are simply the cattle being prodded and used to sustain the masters. The public makes no decisions, as this plot for gaining technocratic control over all of us has been in the works for many years, but is now going forward at an unimaginable pace, all due to the Covid lie. Everything was planned long ago in secret, but now is being completed and telegraphed out in the open for all to see. This is due to the fact that these manipulating rulers have no fear of the people at large, and believe them too lazy and ignorant to grasp the scope of this totalitarian takeover. Schwab admits this when he writes:

“We must re-establish a dialogue among all stakeholders to ensure mutual understanding that further builds a culture of trust among regulators, non-governmental organizations, professionals and scientists. The public must also be considered, because it must participate in the democratic shaping of biotechnological developments that affect society, individuals and cultures.”

This fake pandemic has supplied what the ruling class calls an opportunity for a reset of society. When the chosen masters call what they claim to be a deadly risk to all mankind an opportunity, one should stand up and take notice, and should immediately understand that we are all the victims of a terrible coup meant to enslave humanity.

Lockdowns, isolation, masks, economic destruction, digitized monetary restructuring, deadly vaccines, gene-controlling technology, transhuman experimentation, total surveillance, and a totalitarian police state are what the masters you have chosen want for all Americans. They are blatantly claiming that this is the new normal they have chosen for you, but you have a choice. Accept all you are being told and become a slave, or realize that the only pandemic is this claimed “Great Reset” that is being used to eradicate you. Acceptance can only lead to hell in a world consumed by evil.

Source links:

https://intelligence.weforum.org/topics/a1G0X000006OLciUAG?tab=publications

The Best of Gary D. Barnett Gary D. Barnett [send him mail] is a retired investment professional that has been writing about freedom and liberty matters, politics, and history for two decades. He is against all war and aggression, and against the state. He recently finished a collaboration with former U.S. Congresswoman, Cynthia McKinney, and was a contributor to her new book, “When China Sneezes” From the Coronavirus Lockdown to the Global Political-Economic Crisis.” Currently, he lives in Montana with his wife and son.

Visit his website.

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