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Lockdowns, Coronavirus, and Banks: Following the Money
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It usually makes sense to follow the money when seeking understanding of almost any major change. The strategy of following the money in our current convergence of crises in late summer of 2020 leads us directly to the lockdowns. The lockdowns were first imposed on people in the Wuhan area of China. Then other populations throughout the world were told to “shelter in place,” all in the name of combating the COVID-19 virus.

Understanding of the enormous impact of the lockdowns is still developing. The lockdowns are proving to pack a far more devastating punch than any other aspect of the strange sequence of events that is making 2020 a year like no other. Even when the issues are narrowed to those of human health, the lockdowns have had, and will continue to have, far more wide-ranging and devastating impacts than the celebrity virus.

The lockdowns have, for starters, been directly responsible for explosive rates of suicide, domestic violence, overdoses, and depression. In the long run, these maladies from the lockdowns will probably kill and harm many more people than COVID-19.

But this comparison does not tell the full story. The nature and length of the lockdowns are causing millions of people to lose their jobs, businesses and financial viability. It seems that the economic descent is still gathering force. The assault of the lockdowns on our economic wellbeing still has much farther to go.

The lockdowns have proven to be a powerful instrument of social control. This attribute is becoming very attractive especially to some politicians. They have discovered they can derive considerable political traction from hyping and exploiting the largely manufactured pandemic panic.

The lockdowns are still a work-in-progress. There are past lockdowns, revolving lockdowns, partial lockdowns, mandatory lockdowns, voluntary lockdowns, severe lockdowns and probably an array of many lockdown types yet to be invented.

The lockdowns extend to disruptions in supply chains, disruptions in money flows, drops in consumption, breakdowns in transport and travelling, increased bankruptcies, losses of finance leading to losses of housing, as well as the inability to pay taxes and debts.

The lockdowns extend beyond personal habitations to prohibitions on large assemblies of people in stadiums, concert halls, churches, and a myriad of places devoted to public recreation and entertainment. On the basis of this way of looking at what is happening, it becomes clear the economic and health effects of the lockdowns are far more pronounced than the damage wrought directly by the new coronavirus.

This approach to following the money leads to the question of whether the spread of COVID-19 was set in motion as a pretext. Was COVID-19 unleashed as an expedient for bringing about the lockdowns with the goal of crashing the existing economy? What rationale could there possibly be for purposely crashing the existing economy?

One possible reason might have been to put in place new structures to create the framework for a new set of economic relationships. With these changes would come accompanying sets of altered social and political relationships.

Among the economic changes being sought are the robotization of almost everything, cashless financial interactions, and elaborate AI impositions. These AI impositions extend to digital alterations of human consciousness and behavior. The emphasis being placed on vaccines is very much interwoven with plans to extend AI into an altered matrix of human nanobiotechnology.

There are other possibilities to consider. One is that in the autumn of 2019 the economy was already starting to falter. Fortuitously for some, the new virus came along at a moment when it could be exploited as a scapegoat. By placing responsibility for the economic debacle on pathogens rather than people, Wall Street bankers and federal authorities are let off the hook. They can escape any accounting for an economic calamity that they had a hand in helping to instigate.

A presentation in August of 2019 by the Wall Street leviathan, BlackRock Financial Management, provides a telling indicator of foreknowledge. It was well understood by many insiders in 2019 that a sharp economic downturn was imminent.

At a meeting of central bankers in Jackson Hole Wyoming, BlackRock representatives delivered a strategy for dealing with the future downturn. Several months later during the spring of 2020 this strategy was adopted by both the US Treasury and the US Federal Reserve. BlackRock’s plan from August of 2019 set the basis of the federal response to the much-anticipated economic meltdown.

Much of this essay is devoted to considering the background of the controversial agencies now responding to the economic devastation created by the lockdowns. One of these agencies is empowered to bring into existence large quantities of debt-laden money.

The very public role in 2020 of the Federal Reserve of the United States resuscitates many old grievances. When the Federal Reserve was first created in 1913 it was heavily criticized as a giveaway of federal authority.

The critics lamented the giveaway to private bankers whose firms acquired ownership of all twelve of the regional banks that together constitute the Federal Reserve. Of these twelve regional banks, the Federal Reserve Bank of New York is by far the largest and most dominant especially right now.

The Federal Reserve of the United States combined forces with dozens of other privately-owned central banks thoughout the world to form the Bank of International Settlements. Many of the key archetypes for this type of banking were developed in Europe and the City of London where the Rothschild banking family had a large and resilient role, one that persists until this day.

Along with the Federal Reserve Bank of New York, BlackRock was deeply involved in helping to administer the bailout in 2008. This bailout resuscitated many failing Wall Street firms together with their counterparties in a number of speculative ventures involving various forms of derivatives.

The bailouts resulted in payments of $29 trillion, much of it going to restore failing financial institutions whose excesses actually caused the giant economic crash. Where the financial sector profited greatly from the bailouts, taxpayers were abused yet again. The burden of an expanded national debt fell ultimately on taxpayers who must pay the interest on the loans for the federal bailout of the “too big to fail” financial institutions.

Unsettling precedents are set by the Wall Street club’s manipulation of the economic crash of 2007-2010 to enrich its own members so extravagantly. This prior experience bodes poorly for the intervention by the same players in this current round of responses to the economic crisis of 2020.

In preparing this essay I have enjoyed the many articles by Pam Martens and Russ Martens in Wall Street on Parade. These hundreds of well-researched articles form a significant primary source on the recent history of the Federal Reserve, including over the last few months.

In this essay I draw a contrast between the privately-owned regional banks of the Federal Reserve and the government-owned Bank of Canada that once issued low-interest loans to build infrastructure projects.

With this arrangement in place, Canada went through a major period of national growth between 1938 and 1974. Canada emerged from this period with a national debt of only $20 billion. Then in 1974 Prime Minister Pierre Trudeau dropped this arrangement to enable Canada to join the Bank of International Settlements. One result is that national debt rose to $700 billion by 2020.

We need to face the current financial crisis by developing new institutions that avoid the pitfalls of old remedies for old problems that no longer prevail. We need to make special efforts to change our approach to the problem of excessive debts and the overconcentration of wealth in fewer and fewer hands.

Locking Down the Viability of Commerce

Of all the facets of the ongoing fiasco generally associated with the coronavirus crisis, none has been so widely catastrophic as the so-called “lockdowns.” The supposed cure of the lockdowns is itself proving to be much more lethal and debilitating than COVID-19’s flu-like impact on human health.

Many questions arise from the immense economic consequences attributed to the initial effort to “flatten the curve” of the hospital treatments for COVID-19. Did the financial crisis occur as a result of the spread of the new coronavirus crisis? Or was the COVID-19 crisis set in motion to help give cover to a long-building economic meltdown that was already well underway in the autumn of 2019?

The lockdowns were first instituted in Wuhan China with the objective of slowing down the spread of the virus so that hospitals would not be overwhelmed. Were the Chinese lockdowns engineered in part to create a model to be followed in Europe, North America, Indochina and other sites of infection like India and Australia? The Chinese lockdowns in Hubei province and then in other parts of China apparently set an example influencing the decision of governments in many jurisdictions. Was this Chinese example for the rest of the world created by design to influence the nature of international responses?

The lockdowns represented a new form of response to a public health crisis. Quarantines have long been used as a means of safeguarding the public from the spread of contagious maladies. Quarantines, however, involve isolating the sick to protect the well. On the other hand the lockdowns are directed at limiting the movement and circulation of almost everyone whether or not they show symptoms of any infections.

Hence lockdowns, or, more euphemistically “sheltering in place,” led to the cancellation of many activities and to the shutdown of institutions. The results extended, for instance, to the closure of schools, sports events, theatrical presentations and business operations. In this way the lockdowns also led to the crippling of many forms of economic interaction. National economies as well as international trade and commerce were severely impacted.

The concept of lockdowns was not universally embraced and applied. For instance, the governments of Sweden and South Korea did not accept the emerging orthodoxy about enforcing compliance with all kinds of restrictions on human interactions. Alternatively, the government of Israel was an early and strident enforcer of very severe lockdown policies.

At first it seemed the lockdown succeeded magnificently in saving Israeli lives. According to Israel Shamir, in other European states the Israeli model was often brought up as an example. In due course, however, the full extent of the assault on the viability of the Israeli economy began to come into focus. Then popular resistance was aroused to reject government attempts to enforce a second wave of lockdowns against a second wave of supposed infections. As Shamir sees it, the result is that “Today Israel is a failed state with a ruined economy and unhappy citizens.”

In many countries the lockdowns began with a few crucial decisions made at the highest level of government. Large and proliferating consequences would flow from the initial determination of what activities, businesses, organizations, institutions and workers were to be designated as “essential.”

The consequences would be severe for those individuals and businesses excluded from the designation identifying what is essential. This deep intervention into the realm of free choice in market relations set a major precedent for much more intervention of a similar nature to come.

The arbitrary division of activities into essential and nonessential categories created a template to be frequently replicated and revised in the name of serving public heath. Suddenly central planning took a great leap forward. The momentum from a generation of neoliberalism was checked even as the antagonistic polarities between rich and poor continued to grow.

To be defined as “nonessential” would soon be equated with job losses and business failures across many fields of enterprise as the first wave of lockdowns outside China unfolded. Indeed, it becomes clearer every day that revolving lockdowns, restrictions and social distancing are being managed in order to help give false justification to a speciously idealized vaccine fix as the only conclusive solution to a manufactured problem.

What must it have meant for breadwinners who fed themselves and their families through wages or self-employment to be declared by government to be “non-essential”? Surely for real providers their jobs, their businesses and their earnings were essential for themselves and their dependents. All jobs and all businesses that people depend on for livelihoods, sustenance and survival are essential in their own way.

Was COVID-19 a Cover for an Anticipated or Planned Financial Crisis?

A major sign of financial distress in the US economy kicked in in mid-September of 2019 when there was a breakdown in the normal operation of the Repo Market. This repurchase market in the United States is important in maintaining liquidity in the financial system.

Those directing entities like large banks, Wall Street traders and hedge funds frequently seek large amounts of cash on a short-term basis. They obtain this cash from, for instance, money market funds by putting up securities, often Treasury Bills, as collateral. Most often the financial instruments go back, say the following night, to their original owners with interest payments attached for the use of the cash.

In mid-September the trust broke down between participants in the Repo Market. The Federal Reserve Bank of New York then entered the picture making trillions of dollars available to keep the system for short-term moving of assets going. This intervention repeated the operation that came in response to the first signs of trouble as Wall Street moved towards the stock market crash of 2008.

One of the major problems on the eve of the bailout of 2008-09, like the problem in the autumn of 2019, had to do with the overwhelming of the real economy by massive speculative activity. The problem then, like a big part of the problem now, involves the disproportionate size of the derivative bets. The making of these bets have become a dangerous addiction that continues to this day to menace the viability of the financial system headquartered on Wall Street.

By March of 2020 it was reported that the Federal Reserve Bank of New York had turned on its money spigot to create $9 trillion in new money with the goal of keeping the failing Repo Market operational. The precise destinations of that money together with the terms of its disbursement, however, remain a secret. As Pam Martens and Russ Martens write,

Since the Fed turned on its latest money spigot to Wall Street [in September of 2019], it has refused to provide the public with the dollar amounts going to any specific banks. This has denied the public the ability to know which financial institutions are in trouble. The Fed, exactly as it did in 2008, has drawn a dark curtain around troubled banks and the public’s right to know, while aiding and abetting a financial coverup of just how bad things are on Wall Street.

Looking back at the prior bailout from their temporal vantage point in January of 2020, the authors noted “During the 2007 to 2010 financial collapse on Wall Street – the worst financial crisis since the Great Depression, the Fed funnelled a total of $29 trillion in cumulative loans to Wall Street banks, their trading houses and their foreign derivative counterparties.”

The authors compared the rate of the transfer of funds from the New York Federal Reserve Bank to the Wall Street banking establishment in the 2008 crash and in the early stages of the 2020 financial debacle. The authors observed, “at this rate, [the Fed] is going to top the rate of money it threw at the 2008 crisis in no time at all.”

The view that all was well with the economy until the impact of the health crisis began to be felt in early 2020 leads away from the fact that money markets began to falter dangerously in the autumn of 2019. The problems with the Repo Market were part of a litany of indicators pointing to turbulence ahead in troubled economic waters.

For instance, the resignation in 2019 of about 1,500 prominent corporate CEOs can be seen as a suggestion that news was circulating prior to 2020 about the imminence of serious financial problems ahead. Insiders’ awareness of menacing developments threatening the workings of the global economy were probably a factor in the decision of a large number of senior executives to exit the upper echelons of the business world.

Not only did a record number of CEOs resign, but many of them sold off the bulk of their shares in the companies they were leaving.

Pam Marten and Russ Marten who follow Wall Street’s machinations on a daily basis have advanced the case that the Federal Reserve is engaged in fraud by trying to make it seem that “the banking industry came into 2020 in a healthy condition;” that it is only because of “the COVID-19 pandemic” that the financial system is” unravelling,”

The authors argue that this misrepresentation was deployed because the deceivers are apparently “desperate” to prevent Congress from conducting an investigation for the second time in twelve years on why the Fed, “had to engage in trillions of dollars of Wall Street bailouts.” In spite of the Fed’s fear of facing a Congressional investigation after the November 2020 vote, such a timely investigation of the US financial sector would well serve the public interest.

The authors present a number of signs demonstrating that “the Fed knew, or should have known…. that there was a big banking crisis brewing in August of last year. [2019]” The signs of the financial crisis in the making included negative yields on government bonds around the world as well as big drops in the Dow Jones average. The plunge in the price of stocks was led by US banks, but especially Citigroup and JP Morgan Chase.

Another significant indicator that something was deeply wrong in financial markets was a telling inversion in the value of Treasury notes with the two-year rate yielding more than the ten-year rate.

Yet another sign of serious trouble ahead involved repeated contractions in the size of the German economy. Moreover, in September of 2019 news broke that officials of JP Morgan Chase faced criminal charges for RICO-style racketeering. This scandal added to the evidence of converging problems plaguing core economic institutions as more disruptive mayhem gathered on the horizons.

Accordingly, there is ample cause to ask if there are major underlying reasons for the financial crash of 2020 other than the misnamed pandemic and the lockdowns done in its name of “flattening” its spikes of infection. At the same time, there is ample cause to recognize that the lockdowns have been a very significant factor in the depth of the economic debacle that is making 2020 a year like no other.

Some go further. They argue that the financial crash of 2020 was not only anticipated but planned and pushed forward with clear understanding of its instrumental role in the Great Reset sought by self-appointed protagonists of creative destruction. The advocates of this interpretation place significant weight on the importance of the lockdowns as an effective means of obliterating in a single act a host of old economic relationships. For instance Peter Koenig examines the “farce and diabolical agenda of a universal lockdown.”

Koenig writes, “The pandemic was needed as a pretext to halt and collapse the world economy and the underlying social fabric.”

Inflating the Numbers and Traumatizing the Public to Energize the Epidemic of Fear

There have been many pandemics in global history whose effects on human health have been much more pervasive and devastating than the current one said to be generated by a new coronavirus. In spite, however, of its comparatively mild flu-like effects on human health, at least at this point in the summer of 2020, there has never been a contagion whose spread has generated so much global publicity and hype. As in the aftermath of 9/11, this hype extends to audacious levels of media-generated panic. As with the psyop of 9/11, the media-induced panic has been expertly finessed by practitioners skilled in leveraging the currency of fear to realize a host of radical political objectives.

According to Robert E. Wright in an essay published by the American Institute for Economic Research, “closing down the U.S. economy in response to COVID-19 was probably the worst public policy in at least one-hundred years.” As Wright sees it, the decision to lock down the economy was made in ignorant disregard of the deep and devastating impact that such an action would spur. “Economic lockdowns were the fantasies of government officials so out of touch with economic and physical reality that they thought the costs would be fairly low.”

The consequences, Wright predicts, will extend across many domains including the violence done to the rule of law. The lockdowns, he writes, “turned the Constitution into a frail and worthless fabric.” Writing in late April, Wright touched on the comparisons to be made between the economic lockdowns and slavery. He write, “Slaves definitely had it worse than Americans under lockdown do, but already Americans are beginning to protest their confinement and to subtly subvert authorities, just as chattel slaves did.”

The people held captive in confined lockdown settings have had the time and often the inclination to imbibe much of the 24/7 media coverage of the misnamed pandemic. Taken together, all this media sensationalism has come to constitute one of the most concerted psychological operations ever.

The implications have been enormous for the mental health of multitudes of people. This massive alteration of attitudes and behaviours is the outcome of media experiments performed on human subjects without their informed consent. The media’s success in bringing about herd subservience to propagandistic messaging represents a huge incentive for more of the same to come. It turns out that the subject matter of public health offers virtually limitless potential for power-seeking interests and agents to meddle with the privacies, civil liberties and human rights of those they seek to manipulate, control and exploit.

The social, economic and health impacts of the dislocations flowing from the lockdowns are proving to be especially devastating on the poorest, the most deprived and the most vulnerable members of society. This impact will continue to be marked in many ways, including in increased rates of suicide, domestic violence, mental illness, addictions, homelessness, and incarceration far larger than those caused directly by COVID-19. As rates of deprivation through poverty escalate, so too will crime rates soar.

The over-the-top alarmism of the big media cabals has been well financed by the advertising revenue of the pharmaceutical industry. With some few exceptions, major media outlets pushed the public to accept the lockdowns as well as the attending losses in jobs and business activity. In seeking to push the agenda of their sponsors, the big media cartels have been especially unmindful of their journalistic responsibilities. Their tendency has been to avoid or censor forums where even expert practitioners of public health can publicly question and discuss government dictates about vital issues of public policy.

Whether in Germany or the United States or many other countries, front line workers in this health care crisis have nevertheless gathered together with the goal of trying to correct the one-sided prejudices of of discriminatory media coverage. One of the major themes in the presentations by medical practitioners is to confront the chorus of media misrepresentations on the remedial effects of hydroxychloroquine and zinc.

On July 27 a group of doctors gathered on the grounds of the US Supreme Court to try to address the biases of the media and the blind spots of government.

Another aspect in the collateral damage engendered by COVID-19 alarmism is marked in the fatalities arising from the wholesale postponement of many necessary interventions including surgery. How many have died or will die because of the hold put on medical interventions to remedy cancer, heart conditions and many other potentially lethal ailments?

Did the unprecedented lockdowns come about as part of a preconceived plan to inflate the severity of an anticipated financial meltdown? What is to be made of the suspicious intervention of administrators to produce severely padded numbers of reported deaths in almost every jurisdiction? This kind of manipulation of statistics raised the possibility that we are witnessing a purposeful and systemic inflation of the severity of this health care crisis.

Questions about the number of cases arise because of serious problems in the means of testing for the presence of a supposedly new coronavirus. Both the serology system for measuring antibodies and the PCR system for manufacturing amplified replications of viral fragments are extremely problematic.

US Congressman Raja Krishnamoorthi condemned the Food and Drug Administration (FDA) for allowing a “Wild West” system of unregulated COVID-19 tests to flood into the US market.

https://www.cbsnews.com/news/coronavirus-antibody-testing-inaccurate-data-60-minutes-2020-06-28/

None other than Bill Gates echoed Congressman Krishnamoorth’s assessment. In a rare moment of respite from his full throttle vaccine hucksterism, Gates acknowledged in August that “The majority of all US tests [for COVID-19] are completely garbage, wasted.”

https://www.wired.com/story/bill-gates-on-covid-most-us-tests-are-completely-garbage/

Kary B. Mullis, the inventor of the supposed “gold standard” PCR test, stated explicitly that the procedure he invented was not suitable as a “diagnostic tool.” In April of 2020 Celia Farber reported at length on the various subtleties and complexities of the PCR tests. Farber’s extensive investigations led her to the conclusion that the Mullis procedure is not equipped with the means of producing simple yes or no verdicts on the existence of infections including on COVID-19.

https://uncoverdc.com/2020/04/07/was-the-covid-19-test-meant-to-detect-a-virus/

See also

https://off-guardian.org/2020/06/27/covid19-pcr-tests-are-scientifically-meaningless/

The problems with calculating case numbers extend to widespread reports that have described people who were not tested for COVID-19 but who nevertheless received notices from officials counting them as COVID-19 positive. Broadcaster Armstrong Williams addressed the phenomenon on his network of MSM media outlets in late July.

From the mass of responses he received, Williams estimated that those not tested but counted as a positive probably extends probably to hundreds of thousands of individuals. What would drive the effort to exaggerate the size of the afflicted population?

This same pattern of inflation of case numbers was reinforced by the Tricare branch of the US Defense Department’s Military Health System. This branch sent out notices to 600,000 individuals who had not been tested. The notices nevertheless informed the recipients that they had tested positive for COVID 19.

Is the inflation of COVID-19 death rates and cases numbers an expression of the zeal to justify the massive lockdowns? Were the lockdowns in China conceived as part of a scheme to help create the conditions for the public’s acceptance of a plan to remake the world’s political economy? What is to be made of the fact that those most identified with the World Economic Forum (WEF) have led the way in putting a positive spin on the reset arising from the very health crisis the WEF helped introduce and publicize in Oct. of 2019?

As Usual, the Poor Get Poorer

The original Chinese lockdowns in the winter of 2020 caused the breakdowns of import-export supply chains extending across the planet. Lockdowns in the movement of raw materials, parts, finished products, expertise, money and more shut down domestic businesses in China as well as transnational commerce in many countries outside China. The supply chain disruptions were especially severe for businesses that have dispensed with the practice of keeping on hand large inventories of parts and raw material, depending instead on just-in-time deliveries.

As the supply chains broke down domestically and internationally, many enterprises lacked the revenue to pay their expenses. Bankruptcies began to proliferate at rates that will probably continue to be astronomical for some time. All kinds of loans and liabilities were not paid out in full or at all. Many homes are being re-mortgaged or cast into real estate markets as happened during the prelude and course of the bailouts of 2007-2010.

The brunt of the financial onslaught hit small businesses especially hard. Collectively small businesses have been a big creator of jobs. They have picked up some of the slack from the rush of big businesses to downsize their number of full-time employees. Moreover, small businesses and start-ups are often the site of exceptionally agile innovations across broad spectrums of economic activity. The hard financial slam on the small business sector, therefore, is packing a heavy punch on the economic conditions of everyone.

The devastating impact of the economic meltdown on workers and small businesses in Europe and North America extends in especially lethal ways to the massive population of poor people living all over the world. Many of these poor people reside in countries where much of the paid work is irregular and informal.

At the end of April the International Labor Organization (ILO), an entity created along with the League of Nations at the end of the First World War, estimated that there would be 1.6 billion victims of the meltdown in the worldwide “informal economy.” In the first month of the crisis these workers based largely in Africa and Latin America lost 60% of their subsistence level incomes.

As ILO Director-General, Guy Ryder, has asserted,

This pandemic has laid bare in the cruellest way, the extraordinary precariousness and injustices of our world of work. It is the decimation of livelihoods in the informal economy – where six out of ten workers make a living – which has ignited the warnings from our colleagues in the World Food Programme, of the coming pandemic of hunger. It is the gaping holes in the social protection systems of even the richest countries, which have left millions in situations of deprivation. It is the failure to guarantee workplace safety that condemns nearly 3 million to die each year because of the work they do. And it is the unchecked dynamic of growing inequality which means that if, in medical terms, the virus does not discriminate between its victims in its social and economic impact, it discriminates brutally against the poorest and the powerless.

Guy Ryder remembered the optimistic rhetoric in officialdom’s responses to the economic crash of 2007-2009. He compares the expectations currently being aroused by the vaccination fixation with the many optimistic sentiments previously suggesting the imminence of remedies for grotesque levels of global inequality. Ryder reflected,

We’ve heard it before. The mantra which provided the mood music of the crash of 2008-2009 was that once the vaccine to the virus of financial excess had been developed and applied, the global economy would be safer, fairer, more sustainable. But that didn’t happen. The old normal was restored with a vengeance and those on the lower echelons of labour markets found themselves even further behind.

The internationalization of increased unemployment and poverty brought about in the name of combating the corona crisis is having the effect of further widening the polarization between rich and poor on a global scale. Ryder’s metaphor about the false promises concerning a “vaccine” to correct “financial excess” can well be seen as a precautionary comment on the flowery rhetoric currently adorning the calls for a global reset.

Wall Street and 9/11

The world economic crisis of 2020 is creating the context for large-scale repeats of some key aspects of the bailout of 2007-2010. The bailout of 2007-2008 drew, in turn, from many practices developed in the period when the explosive events of 9/11 triggered a worldwide reset of global geopolitics.

While the events of 2008 and 2020 both drew attention to the geopolitical importance of Wall Street, the terrible pummelling of New York’s financial district was the event that ushered in a new era of history, an era that has delivered us to the current financial meltdown/lockdown.

It lies well beyond the scope of this essay to go into detail about the dynamics of what really transpired on 9/11. Nevertheless, some explicit reckoning with this topic is crucial to understanding some of the essential themes addressed in this essay.

Indeed, it would be difficult to overstate the relevance of 9/11 to the background and nature of the current debacle. The execution and spinning of 9/11 were instrumental in creating the repertoire of political trickery presently being adapted in the manufacturing and exploiting of the COVID-19 hysteria. A consistent attribute of the journey from 9/11 to COVID-19 has been the amplification of executive authority through the medium of emergency measures enactments, policies and dictates.

Wall Street is a major site where much of this political trickery was concocted in planning exercises extending to many other sites of power and intrigue. In the case of 9/11, a number of prominent Wall Street firms were involved before, during and after the events of September 11. As is extremely well documented, these events have been misrepresented in ways that helped to further harness the military might of the United States to the expansionistic designs of Israel in the Middle East.

The response of the Federal Reserve to the events of 9/11 helped set in motion a basic approach to disaster management that continues to this day. Almost immediately following the pulverization of Manhattan’s most gigantic and iconographic landmarks, Federal Reserve officials made it their highest priority to inject liquidity into financial markets. Many different kinds of scenario can be advanced behind the cover of infusing liquidity into markets.

For three days in a row the Federal Reserve Bank of New York turned on its money spigots to inject transfusions of $100 billion dollars of newly generated funds into the Wall Street home of the financial system. The declared aim was to keep the flow of capital between financial institutions well lubricated. The Federal Reserve’s infusions of new money into Wall Street took many forms. New habits and appetites were thereby cultivated in ways that continue to influence the behaviour of Wall Street organizations in the financial debacle of 2020.

The revelations concerning the events of 9/11 contained a number of financial surprises. Questions immediately arose, for instance, about whether the destruction of the three World Trade Center skyscrapers had obliterated software and hardware vital to the continuing operations of computerized banking systems. Whatever problems arose along these lines, it turned out that there was sufficient digital information backed up in other locations to keep banking operations viable.

But while much digital data survived the destruction of core installations in the US financial sector, some strategic information was indeed obliterated. For instance, strategic records entailed in federal investigations into many business scandals were lost. Some of the incinerated data touched on, for instance, the machinations of the energy giant, Enron, along with its Wall Street partners, JP Morgan Chase and Citigroup.

The writings of E. P Heidner are prominent in the literature posing theories about the elimination of incriminating documentation as a result of the controlled demolitions of 9/11. What information was eliminated and what was retained in the wake of the devastation? Heidner has published a very ambitious account placing the events of 9/11 at the forefront of a deep and elaborate relationship linking George H. W. Bush to Canada’s Barrick Gold and the emergence of gold derivatives.

The surprises involving 9/11 and Wall Street included evidence concerning trading on the New York Stock Exchange. A few individuals enriched themselves significantly by purchasing a disproportionately high number of put options on shares about to fall precipitously as a result of the anticipated events of 9/11. Investigators, however, chose to ignore this evidence because it did not conform to the prevailing interpretation of who did what to whom on 9/11.

Another suspicious group of transactions conducted right before 9/11 involved some very large purchases of five-year US Treasury notes. These instruments are well known hedges when one has knowledge that a world crisis is imminent. One of these purchases was a $5 billion transaction. The US Treasury Department would have been informed about the identity of the purchaser. Nevertheless the FBI and the Securities Exchange Commission collaborated to point public attention away from these suspect transactions. (p. 199)

On the very day of 9/11 local police arrested Israeli suspects employed in the New York area as Urban Movers. The local investigators were soon pressured to ignore the evidence, however, and go along with the agenda of the White House and the media chorus during the autumn of 2001.

In the hours following the pulverization of the Twin Towers the dominant mantra was raised “Osama bin Laden and al-Qeada did it.” That mantra led in the weeks, months and years that followed to US-led invasions of several Muslim-majority countries. Some have described these military campaigns as wars for Israel.

Soon New York area jails were being filled up with random Muslims picked up for nothing more than visa violations and such. The unrelenting demonization of Muslims collectively can now be seen in retrospect as a dramatic psychological operation meant to poison minds as the pounding of the war drums grew in intensity. In the process a traumatized public were introduced to concepts like “jihad.” At no time has there ever been a credible police investigation into the question of who is responsible for the 9/11 crimes.

Defense Secretary Donald Rumsfeld chose September 10, the day before 9/11, to break the news at a press conference that $2.3 trillion had gone missing from the Pentagon’s budget. Not surprisingly the story of the missing money got buried the next day as reports of the debacle in Manhattan and Washington DC dominated MSM news coverage.

As reported by Forbes Magazine, the size of the amount said to have gone missing in Donald Rumsfeld’s 2001 report of Defense Department spending had mushroomed by 2015 to around $21 trillion. It was Mark Skidmore, an Economics Professor at the University of Michigan, who became the main sleuth responsible for identifying the gargantuan amount of federal funds that the US government can’t account for.

As the agency that created the missing tens of trillions that apparently has disappeared without a trace, wouldn’t the US Federal Reserve be in a position to render some assistance in tracking down the lost funds? Or is the Federal Reserve somehow a participant or a complicit party in the disappearance of the tens of trillions without a paper trail?

The inability or unwillingness of officialdom to explain what happened to the lost $21 trillion, an amount comparable to the size of the entire US national debt prior to the lockdowns, might be viewed in the light of the black budgets of the US Department of Defense (DOD). Black budgets are off-the-books funds devoted to secret research and to secret initiatives in applied research.

In explaining this phenomenon, former Canadian Defense Minister, Paul Hellyer, has observed, “thousands of billions of dollars have been spent on projects about which Congress and the Commander In Chief have deliberately been kept in the dark.” Eric Zuess goes further. As he explains it, the entire Defense Department operates pretty much on the basis of an unusual system well outside the standard rules of accounting applied in other federal agencies.

When news broke about the missing $21 trillion, federal authorities responded by promising that special audits would be conducted to explain the irregularities. The results of those audits, if they took place at all, were never published. The fact that the Defense of Department has developed in a kind of audit free zone has made it a natural magnet for people and interests engaged in all kinds of criminal activities.

Eric Zuess calls attention to the 1,000 military bases around the world that form a natural network conducive to the cultivation of many forms of criminal trafficking. Zuess includes in his reflections commentary on the secret installations in some American embassies but especially in the giant US Embassy in Baghdad Iraq.

The US complex in Baghdad’s Green Zone is the biggest Embassy in the world. Its monumental form on a 104 acre site expresses the expansionary dynamics of US military intervention in the Middle East and Eurasia following 9/11.

The phenomenon of missing tens of trillions calls attention to larger patterns of kleptocratic activity that forms a major subject addressed here. The shifts into new forms of organized crime in the name of “national security” began to come to light in the late 1980s. An important source of disclosures was the series of revelations that accompanied the coming apart of the Saudi-backed Bank of Credit and Commerce International, the BCCI.

The nature of this financial institution, where CIA operatives were prominent among its clients, provides a good window into the political economy of drug dealing, money laundering, weapons smuggling, regime change and many much more criminal acts that took place along the road to 9/11.

The BCCI was a key site of financial transactions that contributed to the end of the Cold War and the inception of many new kinds of conflict. These activities often involved the well-financed activities of mercenaries, proxy armies, and a heavy reliance on private contractors of many sorts.

The Enron scandal was seen to embody some of the same lapses facilitated by fraudulent accounting integral to the BCCI scandal. Given the bubble of secrecy surrounding the Federal Reserve, there are thick barriers blocking deep investigation into whether or not the US Central Bank was involved in the relationship of the US national security establishment and the BCCI.

The kind of dark transactions that the BCCI was designed to facilitate must have been channelled after its demise into other banking institutions probably with Wall Street connections. Since 9/11, however, many emergency measures have been imposed that add extra layers of secrecy protecting the perpetrators of many criminal acts from public exposure and criminal prosecutions.

The events of 9/11 have sometimes been described as the basis of a global coup. To this day there is no genuine consensus about what really transpired to create the illusion of justification for repeated US military invasions of Muslim-majority countries in the Middle East and Eurasia.

The 9/11 debacle and the emergency measures that followed presented Wall Street with an array of new opportunities for profit that came with the elaborate refurbishing and retooling of the military-industrial complex.

The response to 9/11 was expanded and generalized upon to create the basis of a war directed not at a particular enemy, but rather at an ill-defined conception identified as “terrorism.” This alteration was part of a complex of changes adding trillions to the flow of money energizing the axis of interaction linking the Pentagon and Wall Street and the abundance of new companies created to advance the geopolitical objectives emerging from the 9/11 coup.

According to Pam Martens and Russ Martens, the excesses of deregulation helped induce an anything-goes-ethos on Wall Street and at its Federal Reserve regulator in the wake of 9/11. As the authors tell it, the response to 9/11 helped set important precedents for the maintaining flows of credit and capital in financial markets.

Often the destination of the funds generated in the name of pumping liquidity into markets was not identified and reported in transactions classified as financial emergency measures. While the priority was on keeping financial pumps primed, there was much less concern for transparency and accountability among those in positions of power at the Federal Reserve.

The financial sector’s capture of the government instruments meant to regulate the behaviour of Wall Street institutions was much like the deregulation of the US pharmaceutical industry. Both episodes highlight a message that has become especially insistent as the twenty-first century unfolds.

The nature of the response to 9/11 emphasized the mercenary ascent of corporate dominance as the primary force directing governments. Throughout this transformation the message to citizens became increasingly clear. Buyer Beware. We cannot depend on governments to represent our will and interests. We cannot even count on our governments to protect citizens from corporatist attacks especially on human health and whatever financial security we have been able to build up.

Bailouts, Derivatives, and the Federal Reserve Bank of New York

The elimination of the Glass-Steagall Act in 1999 was essential to the process of dramatically cutting back the government’s role as a protector of the public interest on the financial services sector. The Glass-Steagall Act was an essential measure in US President Franklin D. Roosevelt’s New Deal. Some view the New Deal as a strategy for saving capitalism by moderating ts most sharp-edged features. Instituted in 1933 in response to the onset of the Great Depression, the Glass-Steagall Act separated the operations of deposit-accepting banks from the more speculative activity of investment brokers.

The termination of the regulatory framework put in place by the Glass Steagall Act opened much new space for all kinds of experiments in the manipulation of money in financial markets. The changes began with the merger of different sorts of financial institutions including some in the insurance field. Those overseeing the reconstituted entities headquartered on Wall Street took advantage of their widened latitudes of operation. They developed all sorts of ways of elaborating their financial services and presenting them in new packages.

The word, “derivative” is often associated with many applications of the new possibilities in the reconstituted financial services sector. The word, derivative, can be applied to many kinds of transactions involving speculative bets of various sorts. As the word suggests, a derivative is derived from a fixed asset such as currency, bonds, stocks, and commodities. Alterations in the values of fixed assets affect the value of derivatives that often take the form of contracts between two or more parties.

One of the most famous derivatives in the era of the financial crash of 2007-2010 was described as mortgaged-backed securities. On the surface these bundles of debt-burdened properties might seem easy to understand. But that would be a delusion. The value of these products was affected, for instance, by unpredictable shifts in interest rates, liar loans extended to homebuyers who lacked the capacity to make regular mortgage payments, and significant shifts in the value of real estate.

Mortgage-backed securities were just one type of a huge array of derivatives invented on the run in the heady atmosphere of secret and unregulated transactions between counterparties. Derivatives could involve contracts formalizing bets between rivals gambling on the outcome of competitive efforts to shape the future. An array of derivative bets was built around transactions often placed behind the veil of esoteric nomenclature like “collateralized debt obligations” or “credit default swaps.”

The variables in derivative bets might include competing national security agendas involving, for instance, pipeline constructions, regime change, weapons development and sales, false flag terror events, or money laundering. Since derivative bets involve confidential transactions with secret outcomes, they can be derived from all sorts of criteria. Derivative bets can, for instance, involve all manner of computerized calculations that in some cases are constructed much like war game scenarios.

The complexity of derivatives became greater when the American Insurance Group, AIG, began selling insurance programs to protect all sides in derivative bets from suffering too drastically from the consequences of being on the losing side of transactions.

The derivative frenzy, sometimes involving bets being made by parties unable to cover potential losses, overwhelmed the scale of the day-to-day economy. The “real economy” embodies exchanges of goods, services, wages and such that supply the basic necessities for human survival with some margin for recreation, travel, cultural engagement and such.

The Swiss-based Bank of International Settlements calculated in 2008 that the size of the all forms of derivative products had a monetary value of $1.14 quadrillion. A quadrillion is a thousand trillions. By comparison, the estimated value of all the real estate in the world was $75 trillion in 2008.

[Bank for International Settlements, Semiannual OTC derivative statistics at end-December, 2008.]

As the enticements of derivative betting preoccupied the leading directors of Wall Street institutions, their more traditional way of relating to one another began to falter. It was in this atmosphere that the Repo Market became problematic in December of 2007 just as it showed similar signs of breakdown in September of 2019.

In both instances the level of distrust between those in charge of financial institutions began to falter because they all had good reason to believe that their fellow bankers were overextended. All had reason to believe their counterparts were mired by too much speculative activity enabled by all sorts of novel experiments including various forms of derivative dealing.

In December of 2007 as in the autumn of 2019, the Federal Reserve Bank of New York was forced to enter the picture to keep the financial pumps on Wall Street primed. The New York Fed kept the liquidity cycles flowing by invoking its power to create new money with the interest charged to tax payers.

As the financial crisis unfolded in 2008 and 2009 the Federal Reserve, but especially the privately-owned New York Federal Reserve bank, stepped forward to bail out many financial institutions that had become insolvent or near insolvent. In the process precedents and patterns were established that are being re-enacted with some modifications in 2020.

One of the innovations that took place in 2008 was the decision by the Federal Reserve Bank of New York to hire a large Wall Street financial institution, BlackRock, to administer the bailouts. These transfers of money went through three specially created companies now being replicated as Special Purpose Vehicles in the course of the payouts of 2020.

In 2008-09 BlackRock administered the three companies named after the address of the New York Federal Reserve Bank on Maiden Lane. BlackRock emerged from an older Wall Street firm called Blackstone. Its former chair, Peter C. Peterson, was a former Chair of the Federal Reserve Bank of New York.

The original Maiden Lane company paid Bear Stearns Corp $30 billion. This amount from the New York Fed covered the debt of Bear Stearns, a condition negotiated to clear the way for the purchase of the old Wall Street institution by JP Morgan Chase. Maiden Lane II was a vehicle for payouts to companies that had purchased “mortgage-backed securities” before these derivative products turned soar.

Maiden Lane III was to pay off “multi-sector collateralized debt obligations.” Among these bailouts were payoffs to the counterparties of the insurance giant, AIG. As noted, AIG had developed an insurance product to be sold to those engaged in derivative bets. When the bottom fell out of markets, AIG lacked the means to pay off the large number of insurance claims made against it. The Federal Reserve Bank of New York stepped in to bail out the counterparties of AIG, many of them deemed to be “too big to fail.”

Among the counterparties of AIG was Goldman Sachs. It received of $13 billion from the Federal Reserve. Other bailouts to AIG’s counterparties were $12 billion to Deutsche Bank, $6.8 billion to Merrill Lynch, $5 billion to Switzerland’s UBS, $7.9 billion to Barclays, and $5.2 billion to Bank of America. Some of these banks received additional funds from other parts of the overall bailout transaction. Many dozens of other counterparties to AIG also received payouts in 2008-2009. Among them were the Bank of Montreal and Bank of Scotland.

The entire amount of the bailouts was subsequently calculated to be a whopping $29 trillion with a “t.” The lion’s share of these funds went to prop up US financial institutions and the many foreign banks with which they conducted business.

Much of this money went to the firms that were shareholders in the Federal Reserve Bank of New York or partners of the big Wall Street firms. Citigroup, the recipient of the largest amount, received about $2.5 trillion in the federal bailouts. Merrill Lynch received $2 trillion,

The Federal Reserve Bank was established by Congressional statute in 1913. The Federal Reserve headquarters is situated in Washington DC. The Central Bank was composed of twelve constituent regional banks. Each one of these regional banks is owned by private banks.

The private ownership of the banks that are the proprietors of the Federal Reserve system has been highly contentious from its inception. The creation of the Federal Reserve continues to be perceived by many of its critics as an unjustifiable giveaway whereby the US government ceded to private interests its vital capacity to issue its own currency and to direct monetary policy like the setting of interest rates.

Pam Martens and Russ Martens at Wall Street on Parade explain the controversial Federal Reserve structure as follows

While the Federal Reserve Board of Governors in Washington, D.C. is deemed an “independent federal agency,” with its Chair and Governors appointed by the President and confirmed by the Senate, the 12 regional Fed banks are private corporations owned by the member banks in their region. The settled law under John L. Lewis v. the United States confirms: “Each Federal Reserve Bank is a separate corporation owned by commercial banks in its region.”

In the case of the New York Fed, which is located in the Wall Street area of Manhattan, its largest shareowners are behemoth multinational banks, including JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.

There was no genuine effort after the financial debacle of 2007-2010 to correct the main structural problems and weaknesses of the Wall Street-based US financial sector. The Dodd-Frank Bill signed into law by US President Barack Obama in 2010 did make some cosmetic changes. But the main features of the regulatory capture that has taken place with the elimination of the Glass-Steagall Act remained with only minor alterations. In particular the framework was held in place for speculative excess in derivative bets.

In the summer edition of The Atlantic, Frank Partnoy outlined a gloomy assessment of the continuity leading from the events of 2007-2010 to the current situation. This current situation draws a strange contrast between the lockdown-shattered quality of the economy and the propped-up value of the stock market whose future value will in all probability prove unsustainable. Partnoy writes,

It is a distasteful fact that the present situation is so dire in part because the banks fell right back into bad behavior after the last crash—taking too many risks, hiding debt in complex instruments and off-balance-sheet entities, and generally exploiting loopholes in laws intended to rein in their greed. Sparing them for a second time this century will be that much harder.

Wall Street Criminality on Display

The frauds and felonies of the Wall Street banks have continued after the future earnings of US taxpayers returned them to solvency after 2010. The record of infamy is comparable to that of the pharmaceutical industry.

The criminal behaviour in both sectors is very relevant to the overlapping crises that are underway in both the public health and financial sectors. In 2012 the crime spree in the financial sector began with astounding revelations about the role of many major banks in the LIBOR, the London Interbank Offered Rate. The LIBOR rates create the basis of interest rates involved in the borrowing and lending of money in the international arena.

When the scandal broke there were 35 different LIBOR rates involving various types of currency and various time frames for loans between banks. The rates were calculated every day based on information forwarded from 16 different banks to a panel on London. The reporting banks included Citigroup, JP Morgan Chase, Bank of America, UBS, and Deutsche Bank. The influence of the LIBOR rate extended beyond banks to affect the price of credit in many types of transactions.

The emergence of information that the banks were working together to rig the interest rate created the basis for a huge economic scandal. Fines extending from hundreds of millions into more than a billion dollars were placed on each of the offending banks. But in this instance and many others to follow, criminality was attached to the financial entities but not to top officials responsible for the decisions that put their corporations on the wrong side of the law.

One of the factors in the banking frauds comprising the LIBOR scandal was the temptation to improve the chance for financial gains in derivative bets. The biggest failure of the federal response to the financial meltdown of 2007-210 was that little was done to curb the excesses of transactions in the realm of derivatives.

Derivatives involved a form of gambling that exists in a kind of twilight zone. This twilight zone fills a space somewhere between the realm of the real economy and the realm of notional value. Notional values find expression in unrealized speculation about what might or might not come to fruition; what might or might not happen; who might win and who might lose in derivative speculations.

The addiction of Wall Street firms to derivative betting remains unchecked to this day. The bankers’ continuing fixation with unregulated gambling, often with other people’s money, is deeply menacing for the future of the global economy…. indeed for the future of everyone on earth. According to the Office of the Controller of Currency, in 2019 JP Morgan Chase had $59 trillion in derivative bets. In July of 2020 it emerged that Citigroup held $62 trillion in derivative contracts, about $30 trillion more than it held before it was bailed out in 2008. In 2019 Goldman Sachs held $47 trillion and Bank of America held $20.4 trillion in derivate bets.

A big part of the scandal embodied in these figures is embedded in the reality that all of these banks carry their most risky derivative bets in units of their corporate networks that are protected by the Federal Deposit Insurance Corporation. This peril played a significant part in deepening the crisis engendered by financial meltdown that began in 2007.

One of the most redeeming features of the Dodd-Frank Act as originally drafted was a provision preventing financial institutions from keeping their derivative portfolios in banks whose deposits and depositors were backed up by federal insurance.

Citigroup led the push in Congress in 2014 to allow Wall Street institutions to revert back to a more deregulated and danger-prone economic environment. The notoriously inept decisions and actions of Citigroup had played a significant role in the lead up to the financial debacle of 2007 to 2010. Since 2016 Citigroup has become once again the biggest risk taker by loading itself up with more derivative speculations than any other financial institution in the world.

By returning derivative speculations to the protections of federal financial backstops, taxpayers are once again forced to assume responsibility for the most outlandish risks of Wall Street’s high rollers. It is taxpayers who are the backers of the federal government when it comes to their commitment to compensate banks for losses, even when these losses come about from derivative bets.

How much more Wall Street risk and public debt can be loaded onto taxpayers and even onto generations of taxpayers yet unborn? How is national debt to be understood when it plunders working people to guarantee and augment the wealth of the most privileged branches of society? Why should those most responsible for creating the most excessive risks to the financial wellbeing of our societies be protected from bearing the consequences of the very risks they themselves created?

Along with Citigroup, JP Morgan Chase stands out among a group of financial sector reprobates most deeply involved in sketchy activities that extend deep into the realm of criminality. In a simmering scandal six of JP Morgan Chase’s traders have been accused of breaking laws in conducting the bank’s futures trading in the value of precious metals. They have been accused of violating the RICO statute, a law meant for people suspected of being part of organized crime.

In the charges pressed by the Justice Department on JP Morgan Chase’s traders it is alleged that they “conducted the affairs of the [minerals] desk through a pattern of racketeering activity, specifically, wire fraud affecting a financial institution and bank fraud.”

In 2012 JP Morgan Chase faced a $1 billion fine for its role in the “London Wale” series of derivative bets described as follows by the Chair of the US Senate’s Permanent Subcommittee on Investigation. Senator Carl Levin explained, “Our findings open a window into the hidden world of high stakes derivatives trading by big banks. It exposes a derivatives trading culture at JPMorgan that piled on risk, hid losses, disregarded risk limits, manipulated risk models, dodged oversight, and misinformed the public.”

Traders at Goldman Sachs appear to have been part of the Wall Street crime spree. The tentacles of corruption in the Goldman Sachs case apparently extend deep into the US Justice Department. The case involves allegations of embezzlement, money laundering and missing billions. These manifestations of malfeasance all spin out of a scandal-prone Malaysian sovereign wealth fund administered by Goldman Sachs.

A big part of the scandal reported in Wall Street on Parade in July of 2020 involves the fact that the Justice Department’s prosecutors seem to be dragging their feet in this possible criminal felony case against Goldman Sachs. The prosecutors, including the US Attorney-General, William Barr, worked previously for the law firm, Kirkland and Ellis. Kirkland and Ellis was retained to defend Goldman Sachs in this matter.

Pam Martens and Russ Martens express dismay at the failure of US officialdom to hold Wall Street institutions accountable for the crime spree of some of its biggest firms. They write, “Congress and the executive branch of the government seem determined to protect Wall Street criminals, which simply assures their proliferation.”

Even racketeering charges against officials at JP Morgan Chase, where Jamie Dimon presides as CEO, failed to receive any attention from the professional deceivers that these days dominate MSM. The star reporters of Wall Street on Parade write, “Crime and fraud are so de rigueur at the bank led by Dimon that not one major newspaper ran the headline [of the racketeering charge] on the front page or anywhere else in the paper.

While federal charges that JP Morgan Chase’s Wall Street operation engaged in criminal racketeering was not of interest to the press, Jamie Dimon’s surprise visit in early June to a Chase branch in Mt. Kisco New York aroused considerable media attention. Dimon was photographed with staff wearing a mask and taking the knee. By participating in this ritual Dimon signaled that his Wall Street operation is in league with the sometimes violent cancel culture pushed into prominence by the Democratic Party in partnership with Black Lives Matter and Antifa.

JPMorgan CEO Jamie Dimon takes a knee with employees in front of a bank vault. Credit: JPMorgan
JPMorgan CEO Jamie Dimon takes a knee with employees in front of a bank vault. Credit: JPMorgan

In an article on 21 July marking ten years since the Dodd-Frank Act of 2010, the Martens duo conclude, “So here we are today, watching the Fed conduct another secret multi-trillion dollar bailout of Wall Street while the voices of Congress and mainstream media are nowhere to be heard.”

Enter BlackRock

In March it was announced that representatives of the US Treasury Department, the Federal Reserve Board and the BlackRock financial management were joining forces to make adjustments in the US economy. The aim was to address the financial dislocations resulting from the decision to lock down businesses, citizens, schools, entertainment, and social mingling outside the home, all in response to the health care hysteria promoted by governments and their media extensions.

The format of this process suggested some relaxation in the strict distinctions historically drawn between the US Treasury and the Federal Reserve. What would be the role of the third member of the group? In reflecting on this topic Joyce Nelson observed, “the new bailout bill not only further erases the line between the Federal Reserve and the U.S. Treasury, it places BlackRock effectively in an overseer position for both.”

Some saw as symbolically instructive the delegation to BlackRock of a larger role than that assigned it during the first bailout of 2007-2008. It would be hard to overestimate the significance of this prominent Wall Street firm’s return to a strategic role near the very heart of this major exercise of federal power. This invitation to take part in such crucial negotiations at such a consequential juncture in history caused some to characterize BlackRock as a “fourth branch of government.”

As Victoria Guida commented in Politico, “This is a transformational moment for the Fed, and BlackRock’s now going to be in an even stronger position to serve the Fed in the future.”

BlackRock officials had been instrumental in helping to manoeuvre their company into such a strategic role by responding proactively to the understanding in some elite circles that another financial debacle was imminent. Only months before the financial meltdown actually occurred a group of former central bankers all commissioned by BlackRock delivered a recovery plan in August of 2019.

Presented at a G 7 summit of central bankers in Jackson Hole Wyoming, the plan for the government responses to the looming financial collapse was entitled Dealing with the Next Downturn. Its authors are Stanley Fischer, former Governor of the Central Bank of Israel, Philipp Hildebrande, former Chairman of the Governing Board of the Swiss National Bank, Jean Boivin, former Deputy Governor of the Bank of Canada, and Elga Bartsch, Economist at Morgan Stanley.

The BlackRock Team at Jackson Hole put forward the case that a more aggressive and coordinated combination of monetary and fiscal policy must be brought to the job of stimulating a financial recovery. Monetary policy includes the setting of interest rates. Where monetary policy has historically been the domain of the central banks, fiscal policy, involving issues of taxation as well as the content and size of government budgets, lies within the jurisdiction of elected legislatures.

The nub of the proposal to unite fiscal and monetary policy put the US Treasury and the US Federal Reserve on the same political platform. As the author of this merger of monetary and fiscal policy, BlackRock became third member of the triumvirate charged to address the broad array of economic maladies that arrived in the wake of the lockdowns.

In the spring of 2020 BlackRock has been hired by the Bank of Canada and by Sweden’s Central Bank, the Riksbank, to deliver on the approaches to crisis management its representatives had laid out at Jackson Hole. BlackRock’s most high-profile and strategic engagement, however, began with its involvement in the negotiation of the $2 trillion CARES stimulus package that passed through the US Congress in March of 2020.

The CARES Act included $367 billion for loans and grants to small business, $130 billion for health care systems, $150 billion for state and local government, $500 billion for loans to corporate America, and $25 billion for airlines (in addition to loans).

The heart of the plan involved a payout of $1,200 per adult and $500 per child for households making up to $75,000. This payment to citizens approaches the concept of disseminating “helicopter money” as referred to in BlackRock’s initial outline for dealing with the “downturn.” Helicopter money distributed by the federal government to its citizens was also related to the concept of “going direct” in strategies for stimulating the economy.

BlackRock seems to be moving into the space recently held by Goldman Sachs as Wall Street’s best embodiment of ostentatious success including in the preparation of its corporate leaders for high-ranking positions in the federal government. Laurence Fink, BlackRock’s founder and CEO, might well have replicated this career path to become Treasury Secretary if Hillary Clinton had succeeded in becoming US President in 2016.

BlackRock’s leadership went to great lengths to avoid being tagged with the title in the United States of a “systematically important financial institution” (sifi). To be subject to this “sifi” label entails added federal scrutiny and regulation as well as heightened requirements to keep high amounts of capital on hand. BlackRock’s status as a private company not subject to sifi regulations makes the financial management firm more attractive to its federal partners in the federal payout operation presently underway.

One of the reasons for including a private company in the trio of partners involved in the payouts is to sneak around limitations on the legal powers of the Federal Reserve. As explained by Ellen Brown in her essay, Meet BlackRock: The New Great Vampire Squid, the Federal Reserve can only purchase “safe federally-guaranteed assets.” As a private company, BlackRock apparently faces no such restrictions. It can purchase more risky assets not backstopped by federal insurance.

The regional banks of the Federal Reserve Board are owned by private companies whose directors seem to have been part of the decision to include BlackRock in the implementation of the CARES process. There can be no doubt that the format of the CARES negotiations pulled the supposedly independent Federal Reserve more deeply into the political orbit of the US Treasury branch. The presence of a major Wall Street firm in the process, however, apparently gave the advocates of the Fed’s supposed independence from politics a sense that they retained some leverage in the process.

The inclusion of private companies in the conduct of government business has become in recent decades a very common expression of neoliberalism. One of the reasons for this embrace of public-private partnerships in the conduct of government business is to take advantage of the legal nature of private companies. The apportionment to private companies of significant roles in deciding and implementing public policies helps put veils of secrecy over the true nature of government decisions and actions.

Private companies can more easily assert claims to “proprietary information” than can public institutions when they act on behalf of citizens. This feature of privatization in the performance of public responsibilities by elected government runs counter to the imperatives of democratic transparency. It puts obstacles in the way of genuine accountability because the public is more likely to be kept in the dark about key aspects of what is being decided and done on their behalf.

Suck Up Economics and State Monopoly Capitalism

BlackRock owns, controls, or manages about $30 trillion in total in securities. It directly controls or owns somewhat less than a third of this amount. The remainder of the assets BlackRock manages are to service clients responsible for taking care of pension funds, philanthropies, foundations, endowments, family offices, superannuation funds and such.

A big part of BlackRock’s business model involves attracting customers by allowing them access to great masses of timely information of significant utility to those responsible for making investment decisions. This technological wizardry happens on a very advanced computational platform known as Aladdin.

Aladdin remains a work-in-progress, one that is widely recognized as the most sophisticated medium of its kind for assessing all manner of financial risks and potentials for profit. Its future as an investment platform is to become more and more integrated into the complex mix of hardware and software animating Artificial Intelligence.

BlackRock’s job is to dispense funds ushered into existence through the money-creating powers of the Federal Reserve. These transactions are to take place through eleven so-called “special purpose vehicles” similar to the Maiden Lane companies that BlackRock administered during the prior bailouts.

The funds it distributes in this round starting in 2020 are meant, at least at this early stage of the crisis, as payments for various sorts of assets. These assets might include an array of corporate bonds spanning a range from so-called investment grade to garbage grade junk bonds. The losses incurred in this exchange, involving supposed assets that might turn out to be worthless, or loans that might not be paid back, are to be charged to the US Treasury. Ultimately the liability lies on US taxpayers who are the holders of the national debt.

Bonds of varying levels of worth lie beneath another asset eligible for transformation into cash. This instrument of value is referred to as Exchange Traded Funds, ETFs. ETFs happen to be a specialty of BlackRock ever since the company launched a range of commercial ETFs into Stock Market circulation through its iShares division. BlackRock’s role on both sides of buying and selling ETFs comes up repeatedly as one of the many conflicts of interest of which the Wall Street firm stands accused.

Given that BlackRock is involved in one way or another in the proprietorship of pretty much every major company in the world, there is plenty to back up the allegation that Black Rock is an interested party in most of the transactions in which it engages as part of its partnership with the US Fed and Treasury Branch.

Pam Matens and Russ Martens have been very critical of the role of the Federal Reserve and BlackRock in the current economic crisis. They have anticipated that, if the current drift of events continues, American taxpayers will once again be gobsmacked with a huge growth in the national debt. This development would amount to another major transfer of wealth away from working people to the beneficiaries of Wall Street firms and the same commercial institutions that received the lion’s share of funds during the last bailout.

The co-authors picture BlackRock is part of a scheme to use “Special Purpose Vehicles” like “Enron used to hide the true state of its finances and blow itself up.” They entitle their article published on 31 March, 2020 as “The Dark Secrets in the Fed’s Wall Street Bailout Are Getting a Devious Makeover in Today’s Bailout.”

The authors observe. “What makes the New York Fed’s bailout of Wall Street so much more dangerous this time around is that it has decided to use a different structure for its loans to Wall Street – one that will force losses on taxpayers and, it hopes, will provide an ironclad secrecy curtain around how much it spends and where the money goes.”

I find this account of an effort by the Federal Reserve to create an “ironclad secrecy curtain” shocking under these circumstances. It suggests an intention to exceed the deceptiveness of the last bailout. This warning renews longstanding suspicions that the failures of transparency and accountability have not subsided since the beginning of the era when deregulation and the 9/11 deceptions converged in the domestic and international operations of Wall Street.

The structural problems already identified in the process initiated to implement the CARES Act could have enormous consequences if the current economic crisis continues to deteriorate. This deterioration is not likely to stop anytime soon given the depth of the crash and its probable domino effects. It was reported in late July that during the second quarter of 2020 the US Gross Domestic Product collapsed at an annualized rate of 33%, the deepest decline in output ever recorded since the US government began measuring GDP in 1947.

The CARES Act helped set in motion a program with the potential to repeat elements of the earlier bailout. The amount of $454 billion was to be set aside to assist the banking sector. The Fed can leverage this amount by ten times according to the principles of fractional reserve banking.

The news of this development caused Mike Whitney to imagine “the Fed turning itself into a hedge fund in order to buy the sludge that has accumulated on the balance sheets of corporations and financial institutions for the last decade,” Whitney pictured an onslaught of “scheming sharpies who will figure out how to game the system and turn the whole fiasco into another Wall Street looting operation.”

Meanwhile the Martens Team at Wall Street on Parade called attention to the $9 trillion already injected by the New York Fed to flood liquidity into the still-troubled Repo Markets that began to falter in September of 2019. Add to this revelation the news that the Fed “has not announced one scintilla of information on what specific Wall Street firms have received this money or how much they individually received.”

There is no doubt that the nature of economic relations will be substantially altered in the process of dealing with the financial meltdown induced by the lockdowns and by the overreliance on high debt rates combined with artificially low interest rates prior to 2020. The altered political economy that is beginning to emerge following the lockdowns is sometimes described as state monopoly capitalism.

In deciding what companies get bailed out and what companies don’t, the financial authorities that are intervening in this crisis are pretty much deciding what enterprises get the advantage of federal financial backstops and what enterprises will not enjoy government sanction. Increasingly, therefore, it is the state that determines winners and losers in the organizing of financial relations. This development further undermines any notion that some idealized vision of competition and market forces will determine winners and losers in the economy of the future.

As Peter Ewarts has observed, it seems that BlackRock is being delegated by federal authorities to exercise “discretionary powers to pick winners and losers,” a choice that is “where the real bonanza and clout lies.” Will the winners be chosen from the companies run by executives that used the money gained from the prior bailouts to engage in stock buy backs? This process of buying back stock tends to be reflected in CEO bonuses and higher share prices. Alternatively this way of allocating funds tends to short change workers as well as innovation and efficiency in industrial production?

Will companies be rewarded whose executives have moved production facilities overseas or issued billions in junk bonds? Will companies be rewarded whose directors have participated in the effort to censor the Internet, bring about lockdowns or foment mask hysteria? Why is it that the coddled elites serving the financial imperatives of most wealthy branches of society are being put in the best position to decide who gets a life preserver from the state and who must sink and drown?

Might this bias be a factor in the current process that led Forbes Magazine to conclude in a headline that “Billionaries Are Getting Richer During the Covid-19 Pandemic While Most Americans Suffer.”

There can be no doubt that the financial transactions beginning with the CARES Act represent a crucial initial stage in what the promoters of the World Economic Forum have been labeling as the Great Reset. Laurence Fink and the BlackRock firm are significant participants in the World Economic Forum. The WEF helped introduce the pandemic in Event 201 in October of 2019 even as it is now trying to put a positive face on the fiasco.

Why should the people most harshly affected by the lockdowns tolerate that the very Wall Street interests dispossessing them, are tasked once again to lead and exploit the reset of the financial system? As presently structured by the likes of BlackRock and its beneficiaries, this process is once again transferring new wealth to the most wealthy branches of society. Simultaneously it is burdening the rest of the population with yet another massive increase in both personal and national indebtedness.

There is no more discussion of “trickle down” economics, a frequent metaphor invoked in the Reagan-Thatcher era. Instead we are in the midst of an increasingly intense phase of suck up economics. The rich are being further enriched and further empowered through the dispossession of the poor and the middle classes. This procedure, initiated when locked down citizens were sidelined from the political process, has the potential to result in the largest upward transfer of wealth so far in history.

BlackRock Versus the Debt-Lite Legacy of the Bank of Canada

At the end of March Laurence Fink, CEO and founder of BlackRock, announced in a letter to his company’s shareholder, “We are honored to have been selected to assist the Federal Reserve Bank of New York and the Bank of Canada on programs designed to facilitate capital to businesses and support the economy.”

This announcement might leave the impression that the Bank of Canada and the Federal Reserve Bank of New York are similar institutions. This impression is unfounded. The two banks have very different structures and histories. A spotlight on these differences helps illuminate the nature of a number of core financial issues.

These financial issues should command avid attention during this time of reckoning with a serious economic crisis that may well be still in its early stages. Such issues inevitably draw attention to the current manifestations of very old questions about the character of money and its relationship to the concepts of usury and debt. Questions about debt, debt enslavement as well as the possibility of debt renunciation or debt forgiveness are becoming especially pressing.

These controversial queries arise in an era when a tiny minority is aggressively asserting sweeping claims to ownership of vast concentrations of the world’s available assets. The other side of this picture reveals that the largest mass of humanity is sinking into a swamp of rising debt on a scale that is concurrently unsustainable and unconscionable. How did this level of inequity reach such audacious extremes? Are there any remedies in sight?

There is nothing to suggest structural remediation in the current approach to the economic crisis. In fact so far there is every indication that the current approach of bringing about an enormous expansion in the availability of debt-laden money will only compound the further dispossession of the already dispossessed in order to expand the wealth of the already wealthy.

As already noted, the Federal Reserve Bank of New York is one of twelve regional banks that together constitute the US Federal Reserve. Every regional Federal Reserve Bank is owned by a group of private banks. Each of the private banks at the base of a Federal Reserve regional bank marks its proprietorship through the ownership of shares. These shares cannot be freely traded in stock markets. The ownership of these shares expresses the private ownership of the US banking system.

The Fed’s New York regional bank has a special role in money creation given its location at the heart of the US financial sector on and around Wall Street. In this crisis, the Federal Reserve Bank of New York is creating new money in the name of holding back onslaughts of destitution and penury in a traumatized society. Ever since 1913 every new dollar brought into existence by the Federal Reserve, which is the central bank of the United States, creates added debt that collects compound interest as long as it is left unpaid.

The Bank of Canada was created to counter the delegation of money-creating authority to privately-owned banks. The Bank of Canada was founded during the Great Depression, a time when the failure of many existing institutions created the conditions to try out alternative entities in the attempt to improve economic relationships.

One of the driving forces in the creation of Canada’s new banking system was Gerald Gratten McGeer. McGreer was an elected official in British Columbia dedicated to changing the system so that the people of Canada could generate their own currency through the sovereign authority of Canada’s Parliament. McGeer helped to push the national government of Prime Minister R.B. Bennett in this direction. The wheels were set in motion in 1933 through the work on the Royal Commission on Banking and Currency.

McGeer drew much of his inspiration from former US President, Abraham Lincoln. Lincoln led the US federal government throughout the US Civil War. To finance the Armed Forces of the Union, Lincoln used the authority of the federal government to create “Greenbacks” as a means of paying the troops. By employing the sovereign authority of the US government to create its own currency, Lincoln avoided the intrigues that often accompanied the process of borrowing money from foreign lenders.

McGreer had obtained what he viewed as credible evidence that Lincoln had been assassinated because of his antagonism to the designs of private bankers seeking to widen their base of power in the United States. The Canadian politician had taken to heart a comment attributed often to Lincoln: “The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government’s greatest creative opportunity.”

The Bank of Canada was created in 1934 and nationalized as a Crown Corporation in 1938. To this day it retains its founding charter that affirms,

WHEREAS it is desirable to establish a central bank in Canada to regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influence fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of Canada.

The Bank of Canada formed an essential basis of a very creative period of Canadian growth, development, and diversification throughout the middle decades of the twentieth century. The Bank of Canada created the capital that financed the Canadian war effort from 1939 until 1945. After the war the Bank of Canada lent money at very low rates of interest to the municipal, provincial and national governments. The monies were used for infrastructure projects and for investments to increase the wellbeing and creative potential of Canada’s most important resource, its people.

This type of low interest or no interest financing formed the economic basis for projects like the creation of a national pension plan, national health care insurance, the Trans-Canada Highway, the St. Lawrence Seaway, the Avro-Arrow initiative as well as a formidable system of colleges and universities.

One could say that the Bank of Canada provided an indigenous money supply that was spent into the operations of a fast growing economy greased with lots of federal liquidity. The new money derived its value from the efforts of Canadian workers. Together they brought about significant increases in the country’s net worth through practical improvements that bettered the lives of all citizens.

Consider the contrast between this type of national development and the kind of larceny facilitated by the Federal Reserve’s infusions of the money it creates into Wall Street’s operations in the twenty-first century. In, for instance, the financial bailouts of 2007 to 2010 the largest part of the newly-created money ended up in the coffers of the wealthy whereas the new debt created ended up as part of a US national debt.

The burden of carrying this debt falls inter-generationally on average working people who form the lion’s share of taxpayers. They have long been saddled with an “inextinguishable debt” that unrelentingly grows, hardly ever shrinks, and remains basically unpayable forever. The very concept of “compound interest” conveys the image of an overall debt spread out over many venues. This debt must grow in perpetuity. There is a constant need for additional debtors while existing debtors must face constantly growing personal debt.

There is reason to suspect that the financial debacle of 2020 will re-enact some the worst excesses of the 2008 bailout. Might the payouts this time around to derivative-addicted Wall Street firms like Citigroup, Goldman Sachs and JP Morgan Chase exceed the scale of the prior bailout? Would there be any way of even knowing whether the current round of payouts outdoes the former round of bailouts? The current process of federal disbursements is not transparent. In fact the process has been described as one designed to “provide an ironclad secrecy curtain around how much [the Fed} spends and where the money goes.”

Why is the Canadian government turning to the very firm that emerged as Wall Street’s main fixer and winner in the 2008 bailouts? Why is Justin Trudeau looking to BlackRock to respond to the Canadian aspects of the 2020 economic crash?

Justin Trudeau seems unwilling or unable to provide a coherent answer to this question and others requiring thoughtful replies rather than barrages of platitudes. Why is Justin Trudeau instituting what Joyce Nelson has characterized as a “new feudalism” in Canada’s economic policies?

Any decent effort of response on Trudeau’s part would have to make some reference to the background of the current debacle. There would have to be some acknowledgment that between 1934 and 1974 the Canada government did not build up any significant national debt. Then, between 1974 and 2020, the national debt of Canada skyrocketed from $22 billion to $700 billion.

Why was such a good and sustainable use of the Bank of Canada put aside, one that contributed magnificently to the health and wellbeing of the Canadian people as well as the Canadian federation? Who lost out? Who gained besides the international bankers?

The incomprehensible abandonment of a winning formula for Canadian development by Prime Minister Pierre Trudeau puts a special onus on his son, Canada’s current PM, to explain the incredibly costly mistake of his father. Why won’t Justin Trudeau fix the mistake of his father and restore the Bank of Canada to its former role in Canadian nation building?

There has never been a full and satisfactory explanation of what really happened in 1974 to persuade Pierre Trudeau to throw aside the means of developing infrastructure with resources generated internally within Canada. Trudeau Senior’s decision to stop building up Canada through the operation of the Canadian people’s own national bank was not debated in Parliament. The option was never part of an election platform let alone the subject of a national referendum.

Apparently the Swiss-based Bank of International Settlements, which is often referred to as the central bank for central bankers, had some role in Pierre Trudeau’s decision to cease using the Bank of Canada’s powers to generate near-debt-free Canadian currency.

Government as a Means of Escaping Debt Entrapment

That powers of debt-lite money creation invested by Parliament in the Bank of Canada have never been formally withdrawn. The Bank of Canada could still revert back to the direct creation of Canadian currency to be spent into an economy of national recovery; to be spent in investments in infrastructure as well as in cultivating and applying the creative skills of the Canadian people.

Between 2011 and 2017 a court case was brought against the government of Canada with the aim of restoring the Bank of Canada to its former role. As Rocco Galati, the lawyer for the Committee on Monetary and Economic Reform (COMER) explained “Not only has the government abandoned its constitutional duty to govern, but it has transferred it to international private banks which corresponds to an abandonment of its sovereignty.”

After some significant rulings and contentious appeals, the COMER case came to an end without delivering results that its plaintiffs sought. But the court case helped to put a spotlight on the potential of the Bank of Canada. If properly utilized, this institution could provide a model corrective to the subordination of governance to the international Lords of Debt Explotation and their minions.

This process of politicizing the role of the Bank of Canada should extend to a process of calling out Justin Trudeau’s current approach to selling off key components of Canada’s infrastructure.

This topic came up in private discussions between Larry Fink and Justin Trudeau at the World Economic Forum in Davos in January of 2016. Fink apparently got Trudeau interested in attracting private investors to the project of improving or building Canadian infrastructure projects like roads, high-speed trains, airports and such. This kind of approach to developing infrastructure projects runs counter to the role once played by the Bank of Canada in incorporating self-sufficiency into the process of national building.

The dangers and opportunities in this time of manufactured crises are indeed unprecedented. Instead of rejecting the Davos crowd’s preoccupation with a giant reset, why not embrace the concept? Why not treat this moment as an opening to reset the global economy in a way that would restore the Bank of Canada to some of its former functions. Why not highlight this return to the sovereign embrace of benevolent nation building as an example for the rest of the world?

Why not reconstitute the worldwide structures of the international system of economic relations to restore elected governments to the functions that have been pre-empted by unaccountable institutions like the US Federal Reserve or the Bank for International Settlements? Why not renew the model of banking as an exercise and expression of national sovereignty and the self-determination of peoples in a dynamic global arena of rules-based economic interaction?

Why not withdraw the power from private bankers to create national currencies? Why not follow the advice of the deceased Abraham Lincoln by restoring “the greatest of all creative possibilities available to governments,” namely their power to issue money and set interest rates. The restoration of economic power to governments and the people and peoples they represent would involve the infusion of life into conceptions of globalization very different than those used to justify the industrialization of China and the deindustrialization of North America.

By delegating to international organizations much of their capacity to influence the economic conditions affecting their own people, national legislatures have lost much of their capacity to provide responsible government. Governments thus weakened are not realistically in a position to derive their authority from the consent of the governed. When representative bodies cannot effectively express the right of their constituents to collective self-determination in economic realm, what legitimacy is left to the institution of representative government?

This strange moment puts humanity face to face with much that is novel and unprecedented and much that is old and integral to the history of human interaction. The economic dimensions of this crisis constitute its most devastating and far-reaching attribute. The supposed remedy being rushed into operation is to flood large quantities of debt-laden loans into existence and for governments to distribute the borrowed funds to individuals, businesses, and organizations as they see fit.

Once again, vast quantities of debt-laden money are being created without the informed consent of those on whose shoulders the vastly increased loads of debt are falling. Once again governments are rewarding political friends and punishing political enemies by means of the way the new funds are being apportioned.

Decisions are pushed forward that emanate not from citizen constituents but from cabals of supranational connivers actively engaged in wrecking what little remains of responsible government. As governments lose legitimacy by engaging in collusion with corrupt cronies and international crime syndicates they must depend more and more on police state thuggery to enforce some semblance of order.

This process is going forward in spite of the fact that alternative means exist to create as much new money as is required without having to pay large amounts of compound interest to private bankers. Every sovereign government has the capacity to generate new money by following the model of the Bank of Canada between 1938 and 1974.

There is an especially urgent need at this time for some serious reckoning with the economic dimensions of the crisis before us. This reckoning will inevitably meet the resistance of extremely powerful interests who are deriving great benefits from the existing system. The process of privatizing the creation of money has enriched and empowered a clique whose institutionalized, deep-rooted and continuing kleptocracy was exposed in part by the bailout of 2008.

Why should we take for granted in 2020 that the best way to deal with the economic debacle put before us is to create new money by agreeing to go much deeper into a quagmire of debt entrapment. This debt trap, whose cumulative amount will soon be more that $300 trillion globally, creates gross liabilities in a trajectory of disadvantage that severely limits the life chances even of many generations still unborn.

The other side of debt is embodied in assets. Who gets the assets and who gets the liabilities that coalesce to form indebtedness? What is to be made of the role of birth or inheritance or race or natural ability or social connections in apportioning assets or imposing the enslavements of accumulated debt?

John Perkins addressed some of these issues in his Confessions of an Economic Hit Man and in a subsequent follow-up volume. Perkins chronicled how an inter-related complex of US institutions aligned themselves with his own greedy and unscrupulous interventions. The goal of their coordinated aggressions was aimed at imposing the enslavements of massive debt with compound interest. Their version of loan sharking is one of many manifestations expressing a very old and common phenomenon. It often happens that powerful interests parasitically exploit the weak to further enrich themselves.

This partnership between John Perkins and the kleptocratic agencies directed by the US government has long been drawing wealth from struggling countries by pushing them more deeply into national indebtedness. Once the governments of target countries succumbed to greater dependence on debt-based financing, the conditions were ripe to force officials into adopting policies of austerity that harmed local citizens in order to augment the assets of international investors.

Significantly the World Bank demonstrated how this coercion works in the context of the current economic crisis. The World Bank attempted to impose conditions on a loan of $940 million to Belarus because the WB wanted Belarus to conform to the lockdowns that are a primary cause of the current manufactured crisis.

As revealed by the Belarus’s President, Alexander Lukashenko, the World Bank wanted his country to adopt the full set of COVID-19 measures that had been implemented by the Italian government. Lukashenko said no to the loan. He refused to accept the conditions and carried on the established policies of Belarus, a country that has “not implemented strict coronavirus containment measures.”

Lukashenko is far from alone in his contempt for the manipulative tactics of the apparatus promoting the manufactured crisis. For instance Tanzanian President, John Magufuli, tested the accuracy of the testing procedures being forced on his country by the World Health Organization. President and Medical Doctor Mugufi included in the samples submitted to the testing agency some tissue of a goat and a papaya. Both the goat and the papaya tested positive for COVID-19, an outcome he publicized before ordering the WHO group to leave his country.

The Political Economy of Usury From the Middle Ages to the Era of Social Credit and Ezra Pound

We cannot assess the division of humanity between a massive group of debtors and a much smaller group of creditors without touching on the issue of usury. The subject of usury, the lending of money with the addition of interest payments, has been an extremely contentious issue throughout much of human history.

There were prohibitions against usury in ancient Greece, ancient India and the Roman Empire. Throughout much of the last thousand years usury has been regarded as a sin outlawed in the Bible, the Torah and the Koran. At different times in history the Roman Catholic Church has been an especially zealous opponent of some forms of usury.

Considering the nature of our current predicaments including obscene levels of economic inequality, usury might yet again arouse contentions. Some of the core ethical issues raised by the resort to usury remain unresolved. How is it ethical, for instance, to subject disinherited children in poor countries to the indignities of deepened poverty so that rich folks in rich parts of the world can reap larger dividends?

Beginning in the Middle Ages, forms of usury began to show up first in the Italian city states and in the towns of the Franco-Flemish realm. The act of loaning money with interest gradually spread throughout Europe. In some predominately-Muslim jurisdictions, the concept conveyed in the Arabic term, “riba,” approximated the idea of usury or interest. Over time various versions of riba have affected Muslim banking practices.

Often there were prohibitions preventing Jews from demanding interest on loans made to other Jews. There were many Talmudic teachings, however, permitting interest to be collected from gentiles when they borrowed money from Jews. Many accounts of Jewish efforts to break down prohibitions on usury highlight obstacles preventing Jews from pursuing other lines of work. The case is made that the pull of some Jews into banking came about in part because of their exclusion from other occupations.

Whatever the case, the obstacles to usury continued to be lessened including through the changes to Biblical interpretation that came with the Protestant Reformation. Even in the twentieth century, however, usury continued to arouse criticism and distrust. Ezra Pound was one of those who became very outspoken when it came to problems with usury.

The modernist poet and scholar, Ezra Pound, was one of the most influential literary figures of the twentieth century. The importance of his work was expressed not only in his own literary efforts but also in his contributions to other authors in his circle of friends and colleagues.

Pound’s outspoken criticism of usury formed part of the discourse that was integral to the political movements seeking economic reform. The creation and successful nationalization of the Bank of Canada was one of the outgrowths of the concerted quest to give substance to economic institutions that would more effectively serve human needs.

The creation of the Bank of Canada drew on the ideas of Abraham Lincoln and also on those of many other theorists including Major C.H. Douglas. While Major Douglas and John Maynard Keynes each denounced one another’s work, both sought to stimulate economic activity by expanding the supply and distribution of money. Major Douglas’ vision of Social Credit, one that Pound enthusiastically embraced, sought to bring about greater harmony and equilibrium between the forces of production and consumption.

A biographer of Pound has explained that this formidable literary figure believed “there was the prospect of building a Social Credit society where money served the consumer and served the producer.” As Pound pictured it, “the middle men” seeking usurious, interest bearing profit” to be collected “without work or prior motivation, could be cut out.” During the Depression the hope of prosperity through the application of Social Credit principles was seized upon by many. One of them was an evangelical preacher in the Canadian province of Alberta.

Largely as a result of the popularity he gained by incorporating Major Douglas’ analysis of Social Credit into his Sunday afternoon Christian radio broadcast, “Bible Bill” Aberhart became the Premier of Alberta. His Social Credit Party gained 56 of 63 seats in the Alberta Legislature. The Social Credit Party continued in power until 1971.

The Social Credit preoccupation with bringing about changes in the relationship of citizens to financial institutions helped add to the discourse from which the Bank of Canada emerged as a dynamic instrument of nation building.

The enthusiasm was well placed of those who threw their lot in with the movement to create and enlivened the Bank of Canada. The generations that put their trust in this federal financial institution had the satisfaction of knowing that their taxes were not devoured to pay big amounts of interest to private bankers in the style that presently prevails almost everywhere.

Like his good friend and colleague, Ernest Hemingway, Pound was a devotee of clear, terse and succinct prose.

This characteristic of his writing comes through strongly in his harsh condemnations of usury. “Usury is the cancer of the world,” Pound wrote. He explained, “Until you know who has lent to whom, you know nothing of politics, you know nothing whatever of history, you know nothing of international wrangles.”

Ezra Pound was born in Idaho but was attracted to Italy throughout long periods of his life. In Italy he lionized its fascist leader, Benito Mussolini. He embraced the Axis side in World War II developing close relations with the British fascist leader, Oswald Mosley. Pound threw himself into the contest producing a torrent of radio broadcasts seeking to win over English-speaking converts to the Axis side. These broadcasts are today widely described as war propaganda.

Pound was indicted in the United States in 1943 and arrested at the war’s end by the US Armed Forces in Italy. After being jailed in Pisa, Pound was charged with treason. Then Pound was diagnosed as being mentally unfit to face charges.

The finding that he was mentally ill caused Pound to be locked up as a patient in St. Elizabeth’s Hospital in the Washington DC area for the next 13 years. In spite of his severe prejudices against Jewish bankers and his active embrace of fascism during the war years, Pound continued to carry on very lively interactions with his formidable circle of poets, essayists and novelists.

Pound’s circle included James Joyce, Ernest Hemingway, and T.S. Eliot. All these writers wrote works that won a Nobel Prize for Literature. These and many other authors benefited from Pound’s encouragement and mentorship. In 1948 Eustace Mullins joined Pound’s circle. Mullins was introduced to the famous poet and scholar through Pound’s wife, Dorothy Shakespeare,

When he first met Pound, Mullins was an art school student and a veteran of the US Air Force. He had already published some short pieces in the British journal, Social Creditor. Mullins remembered Pound’s place of forced residence as “a hideous, urine-soaked madhouse in Washington D.C.” As their visits became increasingly regular, Pound encouraged Mullins to conduct research into the history and activities of the Federal Reserve.

When Pound proposed the idea Mullins was unaware of the existence of the Federal Reserve. Nevertheless, Mullins threw himself into the project that he supported by combining his research with work as a book stacker at the Library of Congress. At the Library he befriended George Stimpson who was well known among Washington journalists and government officials for his wealth of knowledge and his ability to locate relevant research materials.

Stimpson happily worked with Mullins. He helped the aspiring author by guiding him into the primary and secondary literature illuminating many facets of the Federal Reserve’s history

Eustace Mullins Explores the Secrets of the Federal Reserve

An initial edition of the volume appeared in 1952 as Mullins on the Federal Reserve. Another edition with added information was published in 1954. The text has been republished many times, sometimes in different editions under the title Secrets of the Federal Reserve. The text is organized around both thematic and chronological facets.

Mullins lays out the history of the Federal Reserve with considerable attention to the institution’s roots and origins. The author emphasizes several strands of continuity showing the links of the Federal Reserve to the banking establishments of Europe but especially those of Great Britain and Germany.

Mullins characterizes the Federal Reserve as the most powerful institution in the United States whose influence grew so that “it gradually superseded the popular elected government of the United States.” The power of the Fed and its core facet, the Federal Reserve Bank of New York, is said to have become so formidable because the agency operates in secrecy without any genuine form of accountability to any public institution. The NY Fed combines the power of secrecy with the enormous power to create new currency and to set interest rates becoming in the process “the most gigantic trust on earth.”

Mullins makes the case that the financial district known as the City of London exercised enormous influence over the activities of the Federal Reserve and many of the large Wall Street banks. Mullins wrote, “London is the world’s financial centre, because it commands enormous sums of capital created at its command by the Federal Reserve Board of the United States.”

Mullins is conscientious in presenting many citations to back up his observations and interpretations. He cites, for instance the New York Times on January of 1920 where it states, “The Federal Reserve is a fount of credit not capital.” The manipulation of credit, however, can greatly affect the industrial economy by affecting the ability of manufacturers and farmers to produce.

Mullins emphasizes throughout the text how events are often engineered to strengthen the hand of the Lords of Credit in the matrix of society’s operations. In referring, for instance, to a secret banker’s plan to crash the stock market in 1929, Mullins expressed a view that could as easily describe the growing suspicion in 2020. Could it be that the lockdowns of businesses and workers were purposely engineered to strengthen the hands of the Lords of Credit whose main platform is the Federal Reserve Bank of New York?

Mullins explains that sometimes “bankers paralyse the industrial energies of the country” in order to highlight and strengthen “their tremendous powers” over the financial and business organization of the American economy. Mullins’ observation that “panic is an instrument of [financial] power” is another statement with obvious relevance to the current crisis.

As have many authors since, Mullins emphasizes the importance of a top-secret meeting on Jekyll Island in the state of Georgia in 1910. At this meeting Paul Warburg essentially took the intellectual lead in creating a plan for a Central Bank in the United States. Such an institution was long contemplated and promoted but it had been stopped repeatedly, most famously be Andrew Jackson. Jackson’s political career culminated in his winning the US presidency between 1829 and 1837.

Warburg left his family banking business in Hamburg Germany in 1902. He joined the Wall Street Office of Kuhn Loeb, a Wall Street House that helped finance the Bolshevik Revolution in Russia. Mullins devotes much effort to describing the complex of alliances and rivalries that characterized banking before and after the founding of the Fed.

Weaving throughout these networks of financial activity were the banking operations of the Rothschild family. Mullins leaves no doubt that the operations of the Rothschild family of bankers were extensive, elaborate and very influential.

In the nineteenth century the Rothschild banking establishment gradually wove its operations into those of large segments of Europe’s royal and aristocratic establishments. Mullins emphasizes the genesis of the close business relationship between the Rothschild banking clan and a London-based US company, George Peabody and Company.

Peabody’s bank was passed on to a father and son team, Junius Spencer Morgan and John Pierpont Morgan. In the days of the Fed’s founding and even today, the name of J.P. Morgan is synonymous with New York banking. Mullins explains how the Rothschild bankers kept a fairly low profile in New York by conducting much of their American business largely through the financial organizations associated with the name and reputation of J.P. Morgan.

Mullins outlines the role of the Federal Reserve in the funding of two world wars. Many of the topics covered in Secrets of the Federal Reserve were later pursued in much more detail in the prolific writings of Antony C. Sutton.

Most of Sutton’s volumes describe the role of Wall Street in helping to bring about many of world history’s major turning points during the twentieth century. These turning points include Wall Street’s funding of the rise of the National Socialist government in Germany in the 1930s and the role of Wall Street in financing the Bolshevik Revolution and the business activities of the Soviet Union.

The capacity of the New York Bank of the Federal Reserve to create vast quantities of credit to finance wars, often with the same bankers funding competing sides in conflicts, provided the key to the creation of huge fortunes. The funding of both sides in war can be seen as an early form of hedging one’s bets. This kind of high impact intervention through banking sometimes created huge leverage for a very small number of people to steer history towards preconceived destinations.

As Mullins explains it, the Federal Reserve was founded in extreme secrecy and often employs deceptive tactics to misrepresent its true nature. As Mullins sees it, for instance, the creation of the twelve regional banks was a ploy to gain political acceptance for the Central Bank’s core entity, the Federal Reserve Bank of New York. Mullins explains, “the other eleven banks were so many expensive mausoleums erected to salve local pride and quell the Jacksonian fears of the hinterland.”

The ability of Wall Street bankers to invoke the credit creating powers of the New York Fed forms a key aspect of the frequent military adventurism of the US government. This military adventurism continued full force even after the United States became the world’s largest debtor nation after 1990. How large has been the role of the US Fed in building up the US national debt together with the tens of trillions missing from the books of the US Defense Department?

The Israel Lobby and the Federal Reserve

Much of the military adventurism of the United States especially after 9/11 was directed into invasions of Muslim-majority countries that threaten a particular view of Israel as a dominant power in its region and in the world. Why would it be that the Federal Reserve is any less involved in creating the available credit for the waging of wars in the twenty-first century than it was in creating the wars of the twentieth century?

In his authorship of The Secrets of the Federal Reserve, Mullins seems largely oblivious to the role in world history of Zionism and the genesis of Israel. His main attention lay elsewhere. As I read his text, he accurately conveyed how the large Jewish influence in the banking institution of Europe, including the influence of the Rothschild consortium, was extended into Wall Street including the Federal Reserve.

While Mullins does not shy aware from dealing with the Jewish component of the story he set out to tell, I don’t think he belabours this subject or becomes aggressively polemical about it. Certainly the same cannot be said of some of his critics whose condemnations of Mullins can sometimes be extremely polemical.

Mullins might have made more of the identity politics prevailing throughout the twentieth century. The sensibilities of the dominant Christian constituency in the United States probably influenced the decisions of many customers shopping for banking services. Quite likely some of them would have been more comfortable dealing with firms identified with names like J.P. Morgan, Rockefeller and Mellon rather than Warburg, Greenspan or Fink. Times, however, have changed.

Some of the more severe prejudices seem to have subsided around the time that Sandy Weill combined his Travellers Insurance Company with Citicorp to create Citigroup. This merger helped create the political momentum leading to the elimination of the Glass-Steagall Act in 1999. With Glass-Steagall’s elimination, Citigroup tried to become a giant department store of varied financial services. In its inner sanctums, however, Citigroup developed a preoccupation with derivatives that continues yet.

In the twenty-first century it happened that some of the cosmetic overlays were removed that had previously been imposed to disguise the large representation of Jews in Wall Street banking, including in the Federal Reserve Bank of New York. For good or bad, usury has become a core features of how the contemporary world is organized. Some reckoning with the ethnic inheritances attending usury are therefore inescapable, especially when dealing with the some of the most dramatic displays of usury on steroids in Wall Street institutions.

Where I see the need to draw a line in the sand is not on the question of the ethnicity of Wall Street personnel. Rather this line in the sand involves the question of how power is used or abused at the domineering heights of our financial institutions. Generally speaking it is not a justifiable use of the Federal Reserve to produce credit that enables the waging of wars that are offensive rather than defensive in character.

The waging of war has long been one of the big bonanzas producing major windfalls for international bankers. In the twenty-first century so many of the wars involve the flexing of military might by the United States to advance the expansionary designs of the Israeli state. The US Federal Reserve has been part of the process of creating what some would consider wars for Israel in Iraq, Syria, Yemen and Iran.

Why are the money-generating powers of the secretive Federal Reserve being invoked to help fund wars for Israel and also to help shape public opinion to accept the US role in these wars of aggression. Especially sensitive is the further indebting of the American people to subsidize the production of propaganda aimed at persuading them to back wars for Israel. This propaganda is deemed necessary to deflate opposition to Israel’s actions including the ruthless dehumanizing treatment of Palestinian Arabs.

We have seen that the Federal Reserve Bank of New York was deeply engaged in 2008 in transferring tens of trillions into the coffers of its own member institutions and counterparties. What uses were made of this bailout produced through a dubious process of legalized financial larceny?

One way or another the Israel Lobby must be a prime beneficiary of the machinations of Wall Street and its money spigot, the Federal Reserve Bank of New York. This pattern of priority can easily be related to US federal funding of the Israel project as a higher priority in federal budgeting than even the basic needs of the domestic population of the United States. Black Lives Do Matter but why is it that the lives of Israel First Partisans seem to matter more than any other group?

This Israel Lobby has the power to prevent any critic of Israeli policies from gaining the nomination of a major US party to run for US president. The result is that, in election after election, Americans are offered a very limited choice between competitors who are equally supportive of Israel.

The Israel Lobby can intervene to prevent the leadership of opposition parties from adopting policies that emphasize equity in Israel-Palestinian relations. Through its campaign contributions, the Israel Lobby dominates the process of choosing and electing representatives in Congress. How much does it cost to buy the political obedience of most federal politicians? How much does it cost to replicate this feat in the state legislatures and even municipal governments?

Through the ownership and/or control of major media outlets, the Israel Lobby exerts major influence in determining the main outlines of much public discourse when it comes to US-Israeli relations and many related subjects. How could one calculate the amount of money it took to achieve this feat? How much of this money is directed into payments for compliance, in other words, bribery? In the post-Epstein era what is the role of bribery’s criminal cousin, namely backmail?

The Israel Lobby is deeply engaged with other lobbies in transforming the Internet from an open forum of public interaction and debate into a centrally controlled propaganda instrument. Prominent among the Internet’s most aggressive censors and thought police are Google, You Tube, Facebook, Twitter and the Anti-Defamation League of B’nai B’rith.

Through all kinds of interventions the Israel Lobby asserts significant forms of control over a broad array of institutions and operations including those of the judiciary, the universities, book publishing, magazine publishing, municipal governments, trade unions and cultural groups. The biggest and most influential cultural group of all is the Hollywood film industry. Not surprisingly there is little in its cinematic output that provides critical perspectives on Zionism and its emanations.

The injection of huge amounts of money are essential to the exercise of so much concerted influence over such a broad sweep of political, intellectual and cultural organizations. Where do the large quantities of money supporting the activities the Israel project come from? Why is it that so many of agencies of the Israel Lobby have the status of charitable organizations with the capacity to extend tax write-offs to donors? What is the relationship of the Israel Lobby to Wall Street and the Federal Reserve Bank of New York?

Even the act of asking such questions will be seen by some as heretical. There is, however, nothing wrong with looking into issues that have so much impact on the quality of our political discourse… so much impact on our capacity to live together with the civility and security we have been losing so quickly with the imposition of the economically crippling lockdowns.

It is no less legitimate to ask questions about the ethnic identity of those who benefit most from the US economy than it is to ask questions about what groups suffer the most from the deprivations of poverty. Wouldn’t it make sense to try to moderate the disparities beginning with processes of research and discussion?

In a book of the same name, former ADL Executive Director, Abe Foxman, has opened the discussion of Jews and Money. Foxman effectively counters the view that all Jews are rich. Foxman, of course, is correct in this assertion. All Jews are not rich. Some are outright poor. A fairly large number of Jews, however, are somewhat rich and a small minority of Jews are disproportionately invested with wealth and power. Jews are especially well represented in the billionaires club both within the United States and internationally.

Some of the wealthiest Jews are part of the Wall Street establishment including the Federal Reserve Bank of New York. Perhaps the time has come to begin retiring this, “the most gigantic trust on earth.” Perhaps it is time to retire some of the debt created over more than a century of putting private bankers in charge of dictating interest rates as well as creating debt-laden dollars. Perhaps the time has come to lessen the debt burden that is narrowing the life chances of so many people who have been funding the wars for Israel mounted in the wake of the 9/11 deception.

The severity of the crisis before us compel all thoughtful people of conscience to look beyond the redeployment of old institutions and old remedies for old problems that are different from the challenges facing us now. One of the most obvious ways to avert further calamity is to move away altogether from the empowerment of private bankers to massively expand national debts with compound interest charged to tax payers.

The alternative to this approach is to change the present means of creating new money. The creation of many banking systems similar to that of the Bank of Canada should be considered in the quest for the main ingredients of a global reset. The Bank of Canada brought about an almost-debt-free run of prodigious nation building before Pierre Trudeau bent the policies of his government to meet the impositions of the Bank of International Settlements.

(Republished from American Herald Tribune by permission of author or representative)
 
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  1. The lockdowns were first instituted in Wuhan China with the objective of slowing down the spread of the virus so that hospitals would not be overwhelmed. Were the Chinese lockdowns engineered in part to create a model to be followed in Europe, North America, Indochina and other sites of infection like India and Australia? The Chinese lockdowns in Hubei province and then in other parts of China apparently set an example influencing the decision of governments in many jurisdictions. Was this Chinese example for the rest of the world created by design to influence the nature of international responses?

    It’s funny that the author doesn’t elaborate on this. The rest of the article doesn’t seem interested in China at all. And yet, judging from the paragraph quoted above, he seems to consider this a crucial question. I would like to read his opinions on the role of China, what it has to gain, and what made other countries fall for that hypothetical ploy.

    • Thanks: Loup-Bouc
  2. Tony Hall says:

    Thanks Bra Cubas for the apt observation. The “Lockdown” essay is part of a larger work-in-progress that will end with a special investigation on the role of the “pandemic” in the unfolding saga of China-US bipolarism. I will report on the building of instant hospitals in Wuhan as part of a propaganda initiative calculated to arouse strong responses in the West including the resolve to replicate aspects of the Chinese response. My suspicion is that there would have been some prior planning for the building of the Chinese instant hospitals like the prior assembly and storage of the relevant parts and modules plus building equipment, worker bookings and the like. Prior planning raises the question of who was engaged in it. For some time I’ve been looking into the possibility that its a matrix of interests with some elements in the CPP and some in the “national security” apparatus closer to home.

    • Agree: Al Liguori
    • Thanks: Brás Cubas
  3. @Brás Cubas

    See this update to current ‘social distancing’ practices at Ground Zero of the virus. https://www.zerohedge.com/geopolitical/china-says-world-has-sour-grapes-about-massive-wuhan-water-park-concert

    This whole thing is utterly bizarre…

  4. JNDillard says:

    There is a far more parsimonious explanation.
    1) China and Asia had more experience with previous epidemics – SARS, Swine Flu, etc. Therefore, they had far more preventive mechanisms already in place than did the US and the West.
    2) The US and its allies simply fumbled their initial response, moving from denial to challenging both medical advice and the success of the Asian lockdowns.
    3) Because of the early success of emphatic lockdowns, the Chinese economy was able to recover, now demonstrating positive GDP, and people able to return to normal activities, like pool parties in Wuhan.
    4) Because of the early failures of half-measures in the US and West, widespread lockdowns are having to continue there, with a growing mass of citizens in open rebellion. Biden just declared his support of a “total lockdown” if necessary, a statement that is sure to warm the hearts of his unemployed lower class supporters.
    4.5) There is no doubt a “total lockdown” at this point will further destroy the economy
    5) Of course the Deep State is doing everything in its power not to let this crisis go to waste; of course it is using it to maximize its power and control, but that is a result of the initial mishandling of the crisis by the government, not the cause of the epidemic.
    6) Those who imagine the government or deep state actually conspired to destroy the consumer base on which their own power and control depends defy both logic and rationality.
    7) The huge – unprecedented – bail out of consumers by the government over the last four or so months is testimony to just how important the maintenance of that consumer base is to both parties and their handlers, further indicating that this lockdown was in no way planned or desired.
    8) The basic problem now in the West is that further lockdowns will cause major societal revolts while a lack of lockdowns will prolong the epidemic.
    9) The basic advantage of China and other Asian governments is that the success both of early lockdowns and the demonstration of the governments’ willingness to relax them ASAP has built trust in those governments, so that when and if they have to reimpose lockdowns, they can. No advantage like that exists in the US.
    10) The broader conclusion is that the US economy, and probably most of those around the globe dependent on the dollar trade, is going to continue to collapse, while that of China is going to continue to recover, meaning that Chinese GDP is going to quickly surpass that of the US (PPP already has, as of 2014), and the global economy will increasingly orbit around the China/Russia alliance.
    11) There is zero the US or NATO can do about this. They can’t win a nuclear war; they can’t win a conventional war; they can’t win an economic war. Sanctions only motivate measures that isolate sanctioned countries from US coercion and move them more quickly into an anti-US alliance. Witness not only the solidarity between China and Russia but the very quick movement of Iran into that camp – largely due to US sanctions.

  5. Let me simplify this magnificent essay.

    It’s the jews, stupid.

    They own and run the Fed and they can print money at will.

    With the power of money they can buy off every leader on earth.

    G. Edward Griffin refers to them as “The Money Power.”

    They own the media and spew lies 24/7 and every sort of anti-white nonsense that can possibly be created and disseminated.

    They run the entire anti-white system thanks to their control of the currency, media, academia, and politics.

    They seem to be making an all out pedal to the metal push because they fear that too many whites are becoming aware of their lies and bullshit.

    So, now we have one pysop after another……and life itself becomes one big fucking jewish psyop.

  6. Pft says:
    @Tony Hall

    In September 2019 the Global Preparedness Monitoring Boards 15 board members issued their first annual report. Fauci and Chinas CDC Director George Gao are both on the board (as is Russia)

    In the report they state that by September 2020:

    “The United Nations (including WHO) conducts at least two system-wide training and simulation exercises, including one for covering the deliberate release of a lethal respiratory pathogen

    Of course Event 201 occurred in October (following Crimson Contagion exercise in first half of 2019) which was also attended by George Gao and then comes COVID, supposedly in circulation at the start of October

    Pompeo called the COVID outbreak a “live exercise” in March.

    We also know there was much collaboration with China on GOF and coronaviruses, especially the Bat Lady of Wuhan Shi Zhengli and Godfather of corona virus at UNC Ralph Baric, but funded by the US government agencies

    Its interesting that China is also a leading advocate for UN Agenda 2030 and Sustainable Development. Guess who else? Larry Fink of BlackRock a founder of TCFD in 2016 who came out a week before Davos in January with a newsletter.

    He wrote “Climate change has become a defining factor in companies’ long-term prospects.” Citing recent climate protests, Fink states, “awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance. The evidence on climate risk is compelling investors to reassess core assumptions about modern finance.”

    Declaring that, “climate risk is investment risk,” Fink then asks an impossibly difficult question of how climate risks will impact entire economies. He has the answer, we learn. Referring to what he calls “a profound reassessment of risk and asset values” Fink tells us, “because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.”

    Black Rock plans to demand that companies it invests its $7 trillion into show proof that they are green compliant by, “making sustainability integral to portfolio construction and risk management; exiting investments that present a high sustainability-related risk, such as thermal coal producers; launching new investment products that screen fossil fuels; and strengthening our commitment to sustainability and transparency in our investment stewardship activities.”

    So in addition to their 7 trillion under direct control, 20 million under indirect control and trillions of the Feds money they will have a lot of influence on which companies survive. Thats a lot of control.

    Lots of stuff are being tied together Digital ID, Digital Currency (cashless society), AI, 5G, etc. all of which are headed by those with interlocking interests.

    Perhaps unrelated but the 2020 quarters that were released in February with bats on the back and now a coin shortage sure makes you wonder. Were the quarters infected and now all coins being locked down? Lol

    • Thanks: Wizard of Oz
    • Replies: @The Real World
  7. Outstanding analysis, if I may say so.

    The central problem seems to me that above a fairly low level our Western politicians are all prostitutes – that, or the subjects of blackmail to keep them in line. Thus the very people who have the power to change the system are owned by the system. History relates what happens to any politician brave enough to try taking the creation of money out of the hands of the banks.

    Like Brá Cubas, I too am curious about the role of the Chinese in all this. I cannot decide whether they are part of the globalists’ scam. If not, did they cynically predict the herd mentality of Western politicians and their propensity to panic? Did they manufacture a fake crisis (with pictures of people dead on the streets, instant hospitals, etc., as detailed in your article) as a psyop which itself is part of the coming war with the U.S. and its lapdogs?

    The picture is further muddied by the outsourcing of American gain-of-function virus research to Wuhan.

    Debilitated by decades of subversion from within, the NATO countries cannot supervene against China. Hell, they can’t even supervene against the Taliban. So the 21st century, it would seem, belongs to China. Some big scores are going to be settled, but not in the way that people like Larry Fink and his co-religionists seem to imagine.

  8. Al Liguori says: • Website

    “…ECONOMIC CRIMES AGAINST HUMANITY…”

    • Agree: TheTrumanShow
  9. Biff says:
    @Tony Hall

    unfolding saga of China-US bipolarism.

    Come again? First I’ve heard of this, and would love to see it fleshed out as to what exactly it is?

  10. zard says:

    The ‘lockdown’ as it is called, has nothing to do with health as there has been no pandemic. Only a long line of falsified death certificates, mixed test results, false positives and a hoard of political hacks claiming this is about ‘health’. It’s not. It’s about destruction of the US economy and sending the population back into 1930’s – just after the ‘great depression’ – the last fabulous CENTRAL BANK created RESET. It’s also about installing totalitarianism. Their clever little trick of using an invisible boogeyman that no one can ‘see’ will work for a while. But the jig’s up. The NUMBERS don’t lie. There is no pandemic.
    http://www.chuckmaultsby.net/id94.html

  11. So all the leaders of the world, the premier of China, Putin, Trump, that Hungarian guy, the 90yearold in Malaysia, the leader of Bhutan, the Sultan of Brunei, every single one of them and all their senators and congressmen are in on one big scam, and keeping nice and mum about it.

    Yeah, right, check.

    • Agree: Wizard of Oz
    • Replies: @Stonehands
    , @omegabooks
  12. Ugetit says:

    Only had time to skim what appears to be an amazingly comprehensive view of where we’re at economically and politically. Even mentioned Ezra Pound which is distinctly rare in any venue and one doesn’t need to wonder why.

    The author definitely gets it.

  13. Loup-Bouc says:
    @Brás Cubas

    You raise vitally perceptive concerns respecting Tony Hall’s question quoted immediately below.

    Were the Chinese lockdowns engineered in part to create a model to be followed in Europe, North America, Indochina and other sites of infection like India and Australia?

    One possible dark hypothesis is that China designed to inspire neoliberal capitalist nations to destroy their economies and healthcare systems to advantage China economically and, in sundry other ways, geopolitically. That hypothesis begs the question whether China’s government would impose grave suffering on its citizenry to reap such advantage. China’s Belt and Road Initiative seems to clash with the proposition that China’s government would use such domestic-citizenry-sacrificial stratagem.

    The Belt and Road Initiative seeks multinational mutual advantage with beneficent means. If China’s government locked down its citizenry to gain international advantage by hurting ordinary people of Western economic powers, China’s government would have chosen gain achieved by cruel domestic and foreign devastation, not the mutual peaceful cooperative advantage implicit in and manifested by China’s Belt and Road Initiative. That prospect would make Machiavelli cringe.

    • Agree: Brás Cubas
  14. cranc says:

    A great contribution. I look forward to reading the rest.
    I have shared this opinion about events of 2020 since April, and have been surprised how many on Left and Right have not sought an understanding of Covid within the frame of the money power.

    On the classification of ‘essential’ and ‘non-essential’ workers during lockdown, it came to the attention of quite a few people that the work of installing and upgrading the information infrastructure continued at a pace. Work on fibre cables and transmitter towers was all considered ‘essential’. Now as the demand for teleconferencing has ballooned, there are substantial queues to get the faster connections.

    I noted the increasingly public role of the central bank in the UK over the past few years, so was interested to read mention of that too. The Brexit debate here was often qualified by media statements from the Governor of the BoE on likely effects of policy changes or public decisions, together with the usual money creation. Central bank spokespeople have gradually become like fraudulent public representatives in the post 2008 era.

    A good handling of the context of 9/11 and banking history I would say. Important to note that one the banking cartel’s main propaganda organs recently tweeted, in reference to Covid 1984, that ‘this is just the beginning’ (or words to that effect). To restructure the ecnomic relations of people so profoundly, necessarily implies a rewrite of human social relations more generally. Those who consider historical and contemporary events not just ethnically but in terms of a contest of religious ideas, might have more to contribute here.

    One last thing (and I don’t want to piss on the small glow of hope, but) there was no mention of the role of energy and resources and their relation to debt. I have found this sadly missing from so much writing around money and banking. We could ‘cut out the middle man’, the usurer, but we would still be on a planet bound by the laws of thermodynamics :
    https://ourfiniteworld.com/2020/07/17/why-a-great-reset-based-on-green-energy-isnt-possible/

  15. Anatman says:

    Revenge against a populace that voted in Trump.

    • Agree: Vinnyvette
  16. GeeBee says:

    all in response to the health care hysteria promoted by governments and their media extensions.

    An excellent, if rather long article. But can the author truly believe that the media is an arm of the government? Elected politicians and the government they form live well downstream of the matrix of real power, and the Media-Entertainment complex is a very heavy-hitter within this matrix.

    As I am fond of pointing out, the so-called ‘opposites’ of Marxist Communism on the one hand and ‘Capitalism’ (which is to say Neo-Liberal Finance Capitalism) on the other are, in fact, merely the opposite sides of the same coin. Under the former, the government owns big business and controls the media, whereas under the latter, the government is owned by big business and controlled by the media. The largest and most powerful entity beneath the term ‘big business’ is, of course, the Financial sector, with which this article so informatively deals.

    • Agree: Peripatetic Itch
    • Thanks: Kali
  17. Emslander says:
    @Robert Dolan

    It’s the jews, stupid.

    Seems to be a lot more to this than the Jews. That’s such a facile and kneejerk reaction that it can’t possibly be accurate. It’s the economic system that was set up by Alexander Hamilton to support a fundamentally insecure philosophy. That philosophy is Classic Liberalism, the idea that, whatever assembly of the most powerful actors in the secular world exists at any time, their moral and economic priorities are the priorities of the nation.

    It’s the death of the secular, liberal regime that we’re witnessing now.

  18. onebornfree says: • Website
    @Robert Dolan

    So, kill all the Jews, right?😎

    “Regards” onebornfree

    • Replies: @TKK
    , @Hippopotamusdrome
    , @JohnF
  19. @Emslander

    Was Alexander Hamilton acting as anybody’s agent?

    • Agree: Robert Dolan
  20. Durruti says:

    Nice article & excellent comments following.

    Restoring our Republic – assassinated in a Coup D’etat on November 22, 1963, is one of the necessary steps needed to help our Country.

    Freedom is not Free! It must be paid for!

    Durruti – for the Anarchist Collective

  21. Dumbo says:

    Yeah, the role of China is strange, especially considering that now Wuhan is free, while the West remains increasingly totalitarian.

    Now it appears that many touristic destinations that had been opened are being closed again – including popular beach destinations in Southern Eaurope. The number of cases is increasing, they say. Seems an attempt to completely DESTROY the economy of those countries, based mostly on tourism and entertainment.

    Meanwhile in China they have swarming swimming pools.

    Whoever created this corona thing was an evil genius, something out of a James Bond movie, or perhaps, the Devil himself.

    • Replies: @Anon
  22. @Pft

    Good comment, informative.

    It does seem that many globalist goals are being implemented (in steps, anyhow) with this virus scheme. Your mention of the climate issue make me think they’ll use the satellite images depicting dramatically less air pollution, globally, during the primary lockdown months to make a major point about fossil fuels. Whether it’ll be an accurate point, who know? But, people get swayed by ‘before and after’ pics.

    I didn’t know about the bat coins. I interpret that as maybe more of a trolling thing — done intentionally to screw with the public psyche and for Deep State amusement. The phony coin shortage might just be one step further in training people to use plastic money instead of actual money for when we go cashless.

    • Replies: @Peripatetic Itch
  23. Agent76 says:

    Jun 29, 2020 We Have Undercover Footage The Media DON’T Want This Out! By Dr Rashid A Buttar

    Aug 14, 2020 Bill Gates : Reduce World Population With New Vaccines

    In this Ted Talk, Bill Gates says CO2 causes ecosystem collapse, and top scientists tell him we have to get CO2 emissions down to zero. He then goes on to say that we need to reduce population, and we can use new vaccines to do that.

    • Replies: @The Real World
  24. @zard

    I agree that much fraud has occurred with this Covid scheme. But, there is a virus and it appears to be manmade and possibly have HIV inserts. So, what does that mean related to the long-term health of those who’ve had it? I don’t know, does anyone?

    I believe I had it in early Fed. Didn’t realize the Covid possibility back then and the Doc never mentioned it. They barely knew anything about it at that point. But, it was like nothing I’ve ever had and it knocked me flat. Took two full weeks to recover.

    Some weeks later after learning more about the symptoms of Covid, I realize that is very likely what I had. So, I figure….”ok good, I’m over and done.” Ouch, now I’m not so sure. I’ve had two obvious flares since then that feel like a virus kicking in but, no, it goes away in 2 days. WTH? I never had this sort of thing prior to Feb 2020. So, I don’t know what to make of it but there have been articles written about ‘Covid long haulers’ — those with lingering symptoms. So, yeessh, how is that going to play-out economically and health wise for people and countries?

    • Replies: @Vinnyvette
  25. I hope people begin to realize that all these shenanigans could not happen with a sound money policy of something tangible like gold and silver. These machinations depend on ‘money from nothing’ to succeed.

    The entire financial system is one giant fraud initiated in 1913. There should be no such thing as a central bank because none is needed in a sound money system. Specifically, no gov’t should have anything to do with what money is.

    There should be no national currencies because none are needed. Purchases need to be made in G:S:C; gold, silver, copper, for example. The price for a car should be listed as 20:10:0 – 20 ounces of gold and 10 ounces of silver. Let the market decide on the units, be they ounces or grams. There would be no currency exchanges, no arbitrage, no black projects, no central banks, no Wall Street casino, etc. All the ills of modern society stem from phony money.

    • Agree: Da's Reich
  26. TKK says:
    @onebornfree

    Not kill…but perhaps contain? Beat back?

    I used to believe as you did—that it was hamfisted to blame American Jews for the wholesale gas lighting and trashing of America, and the Western world.

    However, certain people I respected laid out patterns.

    Who is behind the creation of BLM? A Jewish American female.

    Who is the driver of the ghastly activist American media? Mostly Jews. Just watch the repellent Jeff Zucker of CNN and feel hope drain away. Any pretense of fact based journalism is dead.

    Who creates the content that demands deviation from hard biological truths should be worshipped and exalted , and heterosexual, monogamous families are a joke? Mostly Jews.

    Remember when the black dufus Nick Cannon got on his high horse and lambasted Jews and whites on a podcast? No one cared that he called whites a subhuman race, but he frantically apologized for the “anti-Semitic” comments within 12 hours.

    And now pathetically claims to have Jewish heritage. That’s fear. That’s a whipped man.

    I imagine my reluctance to accept the Jewish Power Myth is that I know so many dumb and repulsive Jews. Unimpressive bores that are unmanly, petty and physically unattractive. They are not world shakers. Very much like the Adam Sandler character in Uncut Gems. Fast talking low level hustlers.

    But, they are not the elite power structures in media, academia and corporate American. I don’t travel in that “rarified” air.

    As a lawyer, when you starting digging down into cases that changed societal norms- Affirmative Action, legalizing and advocating zealously for abortion rights, gay right, the bakery owner that was bankrupted in Colorado because he didn’t want to bake a wedding cake for two men- there is always a Jewish lawyer or interest lurking at its inception.

    This is not intellectually lazy. Rather, it is the recognition of patterns that lay out troubling consistencies.

    If you find enough cat hair in the house— there’s a cat in the house.

    • Agree: Stan d Mute
    • Thanks: FLgeezer
    • Replies: @Bardon Kaldian
  27. The zionist central bank the FED is behind the covid-19 scam, hoax, psyop, that is a spear aimed at the heart of America, designed to give the kill shot to every small business and the middle class and to turn America into a lockdown prison that will make Orwells 1984 look like a walk in the park.

    We patriots are in a war that the zionists have laid on us and losing is not an option.

    • Agree: Yukon Jack
  28. @obwandiyag

    They all take their marching orders from the BIS, that’s the gist of the article -you stupid idiot.

    • Agree: TKK
  29. eD says:

    Since this is a work in progress, I have two suggestions.

    The article is remarkable as a compendium of a lot of the shady stuff that has been happening in the 21st century, so its valuable, but I wound up skimming about halfway through. There doesn’t seem to be anything tying the various assertions together. At least it needs an introductory summary describing the purpose of the article, and a conclusion tying everything together.

    Also check out this shorter Yanis Varofoukakis essay that reads like a shorter complement to this article, they cover much the same ground:

    https://www.nakedcapitalism.com/2020/08/something-remarkable-just-happened-this-august-how-the-pandemic-has-sped-up-the-passage-to-postcapitalism.html#comment-3413673

  30. I just got started on the article (~ 10% of the way). I can tell already you’ve got the big picture down, Mr. Hall. I will enjoy the rest of your article later on today, as I will need to get to work. However, I wanted to thank not only you for presenting the reader with some real perspective on what’s rally going on versus the Infotainment Panic-fest (Season 2), but also I want to thank Mr. Ron Unz.

    Though we don’t get along in the comments, I will say that it takes an honest man to put an article like this (along with C.J.Hopkins, Mike Whitney, Ron Paul, Michelle Malkin material) up in “lights” at the top of his site, even though he himself seems to have been scared shitless by the media on this particular issue.*

    .

    * Surprising to me, because Mr. Unz is otherwise the most skeptical man around about American history, policy, and ESPECIALLY the Lyin’ Press.

    • Agree: Adam Smith, Kali
    • Replies: @PetrOldSack
  31. eD says:

    My shorter summary is that, among other things, the 2020 lockdown proved that the conspiracy theorists were right. The adoption by governments of all ideological hues, in a short time period (less than a month) of policies designed to restrict the liberties of their subject demonstrated that there has been in fact some sort of secret worldwide co-ordinating government.

    Even more so that the stated reason for the lockdown turned out to be pretty obvious bs (by the way polls show that most Americans think 9% of the American population was killed by the virus, its actually more like 0.4% even if you believe the government’s inflated figures). Recently on the lockdownskepticism Reddit site, someone published an in depth look at why the lockdowns were instituted that argued that governments just panicked and copied each other. But the simpler explanation was that it was co-ordinated.

    The overall process is a move, that started in March but may take some time to complete, by the global government from the fraud model that was has been in place for the past several decades, to a force model. This in turn is probably due to the fraud model being too expensive to run as the world faces resource shortages due to overpopulation. The end state will be this entity un-masking itself and using force to crush its opponents.

    • Agree: Alfred
  32. eD says:

    If there is a secret global co-ordinating government, which I inferred in my last comment from how all national and local government implemented the same lockdown policies in March and April, then its composition would be a secret. That is the whole point of having a secret organization doing that. But a surprising number of Unz.com commentators claim to know the ethnic backgrounds of the leaders of this organization.

  33. @Emslander

    Nah…..it’s the jews.

    For sure.

    “Liberalism” is a cover for the naked self interest of the jews.

  34. If I have time, I will make a more detailed comment, but I would advise readers to eliminate China from all the above equations – which may be accurate in themselves but much in error when applied to China.

    I don’t want to overstate this, but very few people understand China in any useful way, and applying Western reasoning to what appears to happen in China will serve only to mislead.

    China’s response to the virus was twofold, though almost everyone manages (or prefers) to ignore this. One part was the lockdown to prevent ‘the Devil’ from spreading. The other part was an immense effort at predicting and preparing for the economic fallout and to repair that as quickly as possible. It is evident that China succeeded on both parts. New virus infections were quickly nailed at zero, even when Beijing was (almost certainly deliberately) seeded the second time. Then, economic reconstruction began with huge national infrastructure projects pushed forward to provide jobs and many other massive job-creation projects.

    Another factor is that China is a civilization, a family, which naturally works together to solve problems. This does not exist in the West and could not be duplicated. As one simple example, all of China joined in to help Wuhan and Hubei Province recover economically. Many people in various provinces created live-streaming programs to sell Hubei products, some of them so successful that a factory’s entire monthly production would sell out in ten seconds. Billions of dollars of Hubei products have been sold every month, bringing that province back into the black. Not only that, the majority of Chinese who cannot travel outbound for vacations chose to travel to Hubei to help the province’s tourist industry recover. The Chinese help each other.

    Another factor is that China owns its own central bank and cannot have its economy collapsed by the Europeans and their FED, as is being done to the US.

    There are dozens of such factors that no one in the West understands, and my advice is to not waste your time trying because you cannot understand.

    And no, the Chinese government is not part of any worldwide conspiracy to do anything to anyone. That conspiracy may well exist, but China is not part of it. In fact, China was intended as the first, and hopefully fatal, victim of the pandemic, but the Gods of Greed didn’t anticipate the quality of China’s response or the power of a civilization compared to a loose group of individuals living in within the same borders.

    .

    “My suspicion is that there would have been some prior planning for the building of the Chinese instant hospitals like the prior assembly and storage of the relevant parts and modules plus building equipment, worker bookings and the like. Prior planning raises the question of who was engaged in it. For some time I’ve been looking into the possibility that its a matrix of interests with some elements in the CPP and some in the “national security” apparatus closer to home.”

    It is comments like this that need to be avoided. China had experience building instant hospitals with SARS, and had a full epidemic plan in place and ready to go. And no, the components were not built in advance and stored, and the “matrix of interests” is silly conspiracy nonsense indicating a basic lack of understanding.

    Seriously, leave China out of this discussion altogether. Then both the article and the comments will make sense and may be largely valid.

    • Thanks: Wizard of Oz, Kali
    • Troll: Vinnyvette
  35. @Desert Fox

    Understood but, we will lose it.

    (((They))) are ten steps ahead of us, have a well-refined playbook, can out-think the average person by a long shot, while we have no organization in place and not even close to universal understanding of WHAT exactly the problems are or WHO is responsible for them.

    Republicans and Independents couldn’t make it any clearer that they have little spine, drive or imagination.

    Russia 1917 is here again…..

  36. @Agent76

    Believe me, I am no defender of Bill Gates. I would take virtually no recommendation from him about anything.

    But, I’ve seen that video clip many times and believe that people are misrepresenting what he said and meant. He wasn’t speaking about reducing the existing population — his comments about vaccines, birth control and other health measures came just after he mentioned the predicted population growth rate/totals. His comment was referencing lowering THAT.

    Listen again…..

    • Replies: @Agent76
  37. Emslander says:

    If this article had been limited to the period of January 2008 to March 2020, everything asserted staying the same, it would have been outstanding. The banking system blew up in 2008 because of the overly leveraged regional housing bubbles, the derivatives and the politicized lending system. It has never recovered and the rivets started popping again in overnight lending in August of 2019.

    I’m not as attracted to the tying in of 9/11 and all the rest. It seems a little extenuated.

    You don’t need a conspiracy if something comes along that can justify total government takeover. All the power centers just glom onto it. At first, in February, it wasn’t obvious to the progressives, the wall street financiers and the universities that this Covid flu could be used so effectively. It took some fits and starts and some failed narratives, like the face mask contradictions, before everybody settled on the “emergency” powers assigned to every POS elected official with insufficient testosterone. Those little shits knew that it was their chance to mark the foreheads, ban religion and scare the naturally conservative oldsters into basements behind gated communities. Tyranny coalesced, like blood forming a clot at an open wound.

    • Replies: @Tony Hall
    , @Wizard of Oz
  38. Carlos22 says:

    Funny always thought the missing 21 trillion was a conspiracy theory, alongside Area 51 saucers and the lizard shape shifters David Ike talks about.

    Turns out it’s true the gdp of the US in 2001 was 10 trillion so it kinds of begs the question of how the fuck can they loose x2 in gdp even if it’s over a number of years.

    Shows how useless and corrupt our media are rather spend time on some dead black druggy, kim kardashian’s arse or who may committed sexual harassment 25 years ago

    So where did it go how many private planes and yachts can you buy with that? the Iraq war cost 2 trillion by comparison by the way.

  39. @onebornfree

    So, kill all the Jews, right?

    Berlin Times, November 1938:

    Reichsminister of Health reports of an alarming discovery by doctors: a virus that can only infect Jews. If left unchecked, it is projected that 00.004% of Germany’s Jewish population may die. Chancellor Hitler has declared a State of Medical Emergency. All Jewish owned buisnesses and shops and Synagogues will be temorarily closed for a fortnight to slow the spread of the virus amongst the Jewish community to buy time for scientists to formulate a final solution to exterminate this scourge. Special quarantine camps will be constructed to house Jews who test positive for the virus.

  40. “Was this Chinese example for the rest of the world created by design to influence the nature of international responses?”

    No, it wasn’t.

    And anyhow, the Wuhan lockdown worked. So that makes it bad.

    • Replies: @Sean
    , @Vinnyvette
  41. @Tony Hall

    My suspicion is that there would have been some prior planning for the building of the Chinese instant hospitals …

    More likely that (((they))) released the virus in China knowing that the Chinese over-react absurdly to viral outbreaks (ie SARS) and make spectacles of themselves wearing masks everywhere.

    The critical difference being that this time their controlled MSM went all-in on the hysteria rather than reporting on it as an oddity of the East.

    • Agree: Vinnyvette
  42. Mefobills says:
    @Larry Romanoff

    Another factor is that China owns its own central bank and cannot have its economy collapsed by the Europeans and their FED, as is being done to the US.

    Yes… exactly. China has full sovereign control over its money supply via its State Banks.

    Trump’s Lolbertarian economic advisors are trying to insert Western private debt spreading banks into the Chinese system as part of the trade war agreements. It won’t work, the Chinese are too smart for the deception.

    China does have some private banks further down in the system, and they have been misbehaving; by borrowing large block loans from the State Banks, and then using the funds to create mortgages against housing. This has caused a property bubble (too much credit channeling toward property). China is at some risk, as it sends students to American university to become brainwashed in false neo-liberal economics.

    Canada’s state bank system, prior to 74, also had private banks further down, and these private banks were held to account by “jawboning” from BOC (bank of canada). Also, Canada didn’t allow private banks to make loans for housing and property. That was isolated to the Trusts, which were something like former Savings and Loans in the U.S. Trusts do not hypothecate, they are giro (existing money), hence property was not pushed, and interest earned from the loans recycled back to savers in the Trust system.

    China can withstand anything Western Globo-Homo Finance Oligarchy throws at them. The belt and road will access minerals and create new markets. The partnership with Russia gives China access to energy. Using a close-in area denial military strategy is cost effective and protects supply chains, especially in the South China Sea.

    • Agree: dogbumbreath
    • Replies: @Wizard of Oz
  43. @obwandiyag

    I guess you love being called out constantly on this site comment section considering you always post nonsense that gets you called out as a troll or whatever…don’t worry, this is my only reply to your BS. You are not worth my time otherwise.

    • Agree: Vinnyvette
  44. Tony Hall says:
    @Emslander

    It took some fits and starts and some failed narratives, like the face mask contradictions, before everybody settled on the “emergency” powers assigned to every POS elected official with insufficient testosterone.

    While there have been plenty of examples, the 9/11 episode really confirmed the utility of “emergency measures” as a pretext for empowering the executive branches of many different types of government.

    • Thanks: Emslander
  45. I don’t usually share articles from any site on social media, but this one is worth sharing for sure. One of the best I’ve ever read on Unz. (It was a bit long though. Still I’d rather read posts than listen to podcasts or watch videos. Thanks!

  46. Mefobills says:

    I put together some data on Bank of Canada, which you will not find elsewhere. This seconds the authors contentions.

    Money power belongs to the King, and not privateers. A state bank or monetary authority can control money type, emission, channeling and other variables related to the needs of a nation’s people.

    In Canada from 1938 to 1973 there was little to no price inflation. Canada had a sovereign-like money system, where the Crown bank spent debt free into productivity channels.
    A graph of Canada’s debt position is at link below. Take note of the years in question:

    Private bank emissions of credit were limited to four year loans only @ 6%. Canada’s state bank was incorporated in 1935, and became a Crown bank in 1938. What is a crown bank?

    Bank of Canada (BOC) was a crown bank, meaning its stock shares were wholly held in a Trust by Minister of Finance (MOF). In other words, BOC was originally an incorporated private bank, but its shares then became wholly owned by the trust, with MOF as trustee. BOC morphed from being a private bank to a State Bank when the bank shares became owned by the public. BOC then worked for its public and not private shareholders.

    It is true that this is a weak arrangement that can be easily usurped, and that is exactly what happened in 1974, when the Bank of International Settlements came along and demanded Canada return to a private credit money system.

    Prior to 74, MOF would tell BOC Governor to create money debt free. This debt free would be spent by injection into the commons on productivity modes. Commons are those things that everybody uses to improve productivity for whole, like roads, rail, ports, and telecommunications.
    These are things Canada did from 38 to 74: Canada’s small population of 11M built out third largest Navy in WW2 as well, by using debt free of money. In 38 Canada had only 11M people, and by 1974 they had 22M. Building out continental scale railroads, highways, waterways, and all of the other things this population did is astonishing.

    Private Banks are ordered to remove their banknotes from circulation in 1945, and only use tangible bills issued by bank of Canada.
    1) Almost Free Education, especially for returning WW2 Veterans. Improving labor in this way improves productivity. Colleges and Schools had their buildings built with debt free, thus lowering access costs for the general population.
    2) Business loans.
    3) Land Grants. (Land Grants are a way of keeping land from being grabbed by monopoly forces. This was easy in Canada given the amount of land they have.)
    4) St Lawrence Seaway was dredged and improved by adding locks. (Note that Canada spends into their commons, as all governments should.) St. Lawrence Seaway is something like Panama Canal and a significant engineering feat. It allowed an inland seaway to go from Montreal to Lake Ontario, thus improving the shipment of goods and services. Ocean going vessels could then travel from the Atlantic to Great Lakes.
    5) Welland Canal is another waterway link between Lake Ontario and Lake Erie. It is eight locks and lifts ships 326 feet over Niagra Escarpment.
    6) Trans-Canada Highway was built, about 4,000 miles.
    7) Universal Health Care. Since economy was efficient, health care could be afforded. Only after 1974 did Canada’s Health Care System go bad.
    8) Pensions and Direct Injections
    • This is a sort of Social Credit Theory. These direct injects are debt free money being collected in taxes, and then re-spent (injected) back down into the base of the population, usually at the family level. This creates a pumping action, and the money goes on to create consumption and wealth. It also overcomes losses from waste in industry, so labor can buy their output. (Wages never equal the actual value of production as waste and overhead is captured in prices.) Canada probably did not understand that injections are proper economics -and needed, as shown by Social Credit Gap theory.
    • Family Allowances: This is another direct injection, usually for kids up to age 16, about $5 in the 1960’s per month.
    9) Private Banks are Restricted to four year loans only.
    o This is private creation of bank credit. A four year loan at 6% interest means that the interest does not go exponential. Note: In 1974 BIS coerced and removed these restrictions, so Banker could make usurious profits. His profits are parasitical after 74, and also change the composition of Canada’s money supply, making it more bank credit and less debt free. In this case, think of the debt free money as originating not at private banks, but instead at the State Bank. This is analogous to Lincoln’s emission of Greenbacks (from Treasury) during America’s civil war.

    • Canada provided housing mortgages by using TRUSTS. Trusts are a collection of people’s savings, similar to savings and loans in the U.S. at that time. Savings and loans would loan out existing money, not creating new credit. Canadian Trusts would issue a GIC, or what Americans call a CD. This CD would be for five years or so, and only have a percent or two of interest. Remember, they were loaning out existing money, not creating new credit. The interest channel would be back to the savers, and non- usurious. (Usury is a power relation, where the weak are silently robbed by predatory schemes. Usury can be taken with sophisticated monetary schemes. But, here mortgage housing loan interest payment would go to saving elderly, who would then buy the product of the young.)
    o When BOC no longer had restrictions on their private banks, e.g. four year loans at 6%, this allowed Canadian private banks to directly compete with the Trusts (similar to savings and loans). Again, trusts would take existing money, what formerly was debt free, which then became people’s savings, and loan it out. When the trust loaned it out, they would add a percentage of interest, effectively a FEE. This is how money supplies should work, where the money is stored wealth and not credit.
     Banks can create excess credit by loaning out many times their reserves. This allows them to create too much credit per unit time. Effectively, since they can create without limit, they were able to take over the trust industry. Banks could also issue more of their shares, to thus put more reserves in their reserve loops, to then fractional reserve much more credit. The movie “It’s a wonderful life” captures the effect of this mechanism where banks overtake savings and loans.
    A major country, Canada, ran a Sovereign money economy from 1938 to 1974 to good effect.

    Today, we have to listen to hypnosis at variance with actual history and reality. “There is not enough money to improve the commons, etc.” Or, we have to “borrow” the money to get things done, when history teaches us something different.

  47. anon[270] • Disclaimer says:
    @Brás Cubas

    China started all the hysterics.

    Who made those videos of Chinese dropping in streets that were then pushed by Western MSM over here in January of 2020? Is China a tightly controlled society or is it not? If those videos were Western lies, then why did not China ever call them out as fakes? Did they?

    What is the explanation for the fact that major Chinese cities are mostly unmolested by this “pandemic”, even though the outbreak occured during the seasonal mass travel by the Chinese? Did China magically manage to “lockdown” Wuhan before any infected got out? Doesn’t this by itself give the lie to the “pandemic”?

    How is it possible that Iran and Italy get “pandemic” outbreaks but the rest of China and other areas which have far greater influx of Chinese travellers were spared?

    Now China is having pool parties. Western MSM again push this to agitate us. The message of course is “draconian authoritarian societies” like China are the “new normal”.

    You too could be enjoying a lovely pool party if you would fully obey without questioning!

    “But China and the West are fighting over this and that!”

    No, Chinese and Western Oligarchs are fighting over percentages and parcelling out the sheeple on the planet. “We want these, you can have those, OK?” “TikTok!”

    • Agree: Vinnyvette, Alfred
  48. Agent76 says:
    @The Real World

    You are in luck I have many confirmations of his motives. So, I am not mistaken by saying everthing contained is actual and factual from these great in depth work’s contained in these video’s.

    May 17, 2020 Bill Gates and the Population Control Grid

    The takeover of public health that we have documented in How Bill Gates Monopolized Global Health and the remarkably brazen push to vaccinate everyone on the planet that we have documented in Bill Gates’ Plan to Vaccinate the World was not, at base, about money.

    May 8, 2020 Bill Gates’ Plan to Vaccinate the World

    In January of 2010, Bill and Melinda Gates announced a $10 billion pledge to usher in a decade of vaccines. But far from an unalloyed good, the truth is that this attempt to reorient the global health economy was part of a much bigger agenda.

    • Replies: @The Real World
  49. JohnF says:
    @onebornfree

    Pathetic reply. Even the Jews know that Whites do not want to kill Jews and do not have it in them to kill Jews. But the Jews (some of them, not all) DO have it in them and are engaged in genocide against us on that pretext. So no, let’s not kill all the Jews – instead let’s tell the truth about what some (not all) of the Jews are really all about. And if someone is not telling the actual truth, just tell us why you think it’s not the actual truth instead of bringing up the Holocaust.

    • Agree: Thomasina
  50. @Achmed E. Newman

    Though we don’t get along in the comments, I will say that it takes an honest man to put an article like this (along with C.J.Hopkins, Mike Whitney, Ron Paul, Michelle Malkin material) up in “lights” at the top of his site, even though he himself seems to have been scared shitless by the media on this particular issue.*

    * Surprising to me, because Mr. Unz is otherwise the most skeptical man around about American history, policy, and ESPECIALLY the Lyin’ Press.

    Delicate tongue in cheek of the commenter, no more graceful way to put this. And yes, elaborating on the socio-political-economical-sociobiological issues that play out these days, and if the exposure lasts, without the necessary bends, is to the merit of Ron Unz. It could excuse his of the charts medical offings and formula, and the deflection afterwards, when he probably and privately realized his extravagance did not fly, to the “who has done it” angle.

  51. HdC says:
    @Mefobills

    Thank you, sir, for your essay on banking in Canada. As a Canadian I am most interested in this information. Could you, perhaps, recommend a text or two, at university level, that digs into this at length? Thank you. HdC

    • Replies: @Mefobills
  52. If the bankers and Wall Street were behind everything, why would they allow the city where almost all of them live to go completely to shit?

    • Replies: @Stan d Mute
  53. Emslander says:

    The thing that is going to happen now is that, all things having been re-ordered to perpetual debt, the bankers are going to come up with a phony vaccine the day after the election. It won’t be effective, because it won’t have to be. The MSM will consider the matter at an end and stop reporting the daily lies about cases and deaths. That will be that!

    • Replies: @Robert Dolan
  54. gavishti says:
    @Larry Romanoff

    https://www.lifesitenews.com/blogs/renowned-european-scientist-covid-19-was-engineered-in-china-lab-effective-vaccine-unlikely

    Excerpts from the above mentioned article –

    Prof. Tritto’s book, which at present is available only in Italian, is called Cina COVID 19: La Chimera che ha cambiato il Mondo (China COVID 19: The chimera that changed the world). It was published on August 4 by a major Italian press, Edizioni Cantagalli.

    Professor Giuseppe Tritto is a man of considerable stature in the global scientific community. Equally important, one of the goals of WABT is to analyze the effect of biotechnologies—like genetic engineering—on humanity.

    In his new book, this world-class scientist does exactly that. And what he says is that the China Virus definitely wasn’t a freak of nature that happened to cross the species barrier from bat to man. It was genetically engineered in the Wuhan Institute of Virology’s P4 (high-containment) lab in a program supervised by the Chinese military.

    What sets Prof. Tritto’s book apart is the fact that it demonstrates—conclusively, in my view—the pathway by which a PLA-owned coronavirus was genetically modified to become the China Virus now ravaging the world. His account leaves no doubt that it is a “chimera”, an organism created in a lab.

  55. Sean says:
    @obwandiyag

    And anyhow, the Wuhan lockdown worked. So that makes it bad.

    They did not halt international travel, so they were deliberately spreading it around the world while they were stopping it spreading within China. And they knew 2020 was an election year.

    • Replies: @Wizard of Oz
  56. @Hapalong Cassidy

    If the bankers and Wall Street were behind everything, why would they allow the city where almost all of them live to go completely to shit?

    Exactly none of this shit is happening in the Hamptons or Connecticut, nor on 200’+ yachts, nor at private airports in S Fla, Aspen, etc, and certainly not on private islands or million acre “ranches” out West.

    How many days a week do you think Jamie Dimon or Fink spend in Manhattan? And how do they travel to the city? How are they transported about and to which destinations in the city?

    These people do not inhabit the same world as you do. They can have personal/family staff of hundreds. Just their yachts require a full time staff of a dozen or more. Add aircraft, property upkeep and maintenance, guys to maintain the car collection, guys to manage their horse farm, guys to provide security and transportation services 24/7, guys to handle their unpleasant stuff. And that’s all just on the personal side not counting the unlimited corporate “perks” at their beck and call.

    I lived in S Fla on the beach for years observing these guys on their yachts, jets, and opulent palaces. I have brushed shoulders with two billionaires (single digit) along with a dozen or more guys with nine figure net worths with whom I’ve been acquainted. Theirs is an alien world and they weren’t even close to the level being discussed here.

    The biggest problem facing any of these people is boredom.

    • Agree: Alfred, dogbumbreath
    • Replies: @Mike Tre
  57. Mefobills says:
    @HdC

    HdC… I had to dig into Canada’s verbal history via speeches and then compile the data.

    I’m American, so the Canadian experience was not first hand for me. However, the idea that a continental sized country can operate without “borrowing” from private banking corporations is an important historical fact.

    If there is privatized money power operating in your civilization, they will change narrative or obscure their history.

    For example, there is little known about the first 100 years of the Bank of England beginning in 1694, as the records are conveniently lost.

    I’m hoping that some graduate student has dug into Royal Commission on Banking and Currency, as there are probably records available. You can probably dig up information through COMER.

    University level? University economic programs tend to be indoctrination camps for neo-liberal orthodoxy. In order to get grant money from the finance sector, they “toe the line.”

    Few universities even teach monetary history, or if they do, it is cherry picked.

    If you find an honest Canadian university teaching about BOC, then please let me know.

  58. Tony Hall says:

    @eD

    Thanks eD for your interventions which I found most helpful. One of the really excellent features of being published at Unz Review is the gaining of access to the the insightful quality of the contributions that appear in the comments section and in the discussions that emerge from this process. Its very precious what is going on here, a right and a liberty we must attempt to safeguard from the predators that are attempting to appropriate the Internet as their exclusive weapon of propaganda and psychological warfare.

    I found eD’s sharing of the views of Yanis Varoufakis especially helpful. The comments of the controversial|Greek economist underline for me my own failure to give significant attention to the disconnect between the financial crash and the artificial forces being mobilized to keep stock markets viable with fantasy units like Tesla shares flying much higher than ever before

    One of the main sources I drew upon in conceiving this essay and pushing it forward was my culminating chapter in my big volume “Earth into Property: Colonization, Decolonization, Capitalism In preparing that chapter covering the financial debacle of 2008-2009, I went into considerable detail trying to understand and explain the concept of derivatives. As I have come to see them, derivatives constitute something like notional capital trying to become material capital. Derivatives are like potential capital trying to be born. Derivative bets can assume many manifestations that go far beyond collateralized mortgage obligations.

    I thought of this analysis when comparing Varoufakis” explanation of the “real economy” now being overwhelmed by “financial capitalism”. The 2008 crash happened because the scale of derivatives overwhelmed the scale of the” real economy.” That menacing problem has not been formally addressed to this day.

    As far as I can see the addiction to derivatives betting at the highest level is a big part of the forces that are rendering so weird our real world economic relationships. I still have not seen anything like a genuine reckoning with the effects of derivatives when combined with the activities of “national security”. National security has become a license to steal, murder, weaponize viruses, conduct massive experiments on human populations without their consent, cash in at the stock market on insider knowledge, etc,etc,etc.

    Somehow the exploitation of the end of Glass-Steagall in 1999 was transformed into an imperative to go hyper on the proliferation of many different kinds of derivative bets. The proliferation of derivative bets is, I’m coming to suspect, deeply intertwined with the process of exploiting and replicating debt for supersized profit. This fixation on imposing profitable dept is overpowering the old fashioned capitalist practice of producing goods and services with capital and labor.

    The current round of helicopter money for average citizens, bailouts and payout for the elites, seems tailor made for extending the frontiers of debt-based enslavement for the masses to totalitarian extremes. Alternatively, this transformation intensifies the long standing advantages adhering to socialism for the already rich.

    When BlackRock buys up any paper from a corporate polity, say a “junk bond”, the entity being recognized in this way is entering the sphere of government favor and government backstopped insurance and guarantees.The height of the extension of this privilege occurred in 2014, when the post-bailout laws were revised so that the big operatives of the Federal Reserve of New York—Citigroup and JP Morgan Chase, for instance …..could put their derivative bets in those part of their banking empires that benefit from insurance protection provided by the federal government.

    • Thanks: Emslander
    • Replies: @Sean
    , @Wizard of Oz
  59. @Emslander

    It won’t be a phony vaccine….it will probably render people sterile, or reduce aggression, and have a tracking chip of some kind.

    In any case it can’t be good.

    • Agree: Vinnyvette
  60. sally says:
    @Tony Hall

    You did not mention the cell industry might be behind the pandemic? .. The new virus came along at a moment when it could be exploited. <=Actually the virus is not new, its one one five in the Corona class of virus. The role of the “pandemic” in the unfolding saga of China-US bipolarism, <==maybe but I don't think so. According to some references, 7,500 cell towers were installed and made operational within 60 days just prior to the declaration of a viral SARS Covid 19 pandemic .. in Wuhan, China.

    Most of us know that for each drug, approved by the FDA, its chemistry is studied to determine if somehow it causes very negative life threatening side effects. but few of us understand that nearly all of the veins, arteries, cells, molecules and genetic components talk to each other in an electronic language in side of our bodies. . .. Each frequency is a character in the language of life (consider the Internet), think cell towers they are sources of frequencies (RF its sometimes called), the sun light is a source of ionizing radiation(extremely short wavelengths that will hurt you, ultra sonic frequency(sound) can see thru you, and so on.. the shorter the wavelength the more energy the wavelength has in it. . .

    On the outer surface of most cells are signal receptors that respond to electronic signals . One of them is G protein-coupled receptors and another is the receptor for the tyrosine kinases, the electronic signals these cell receptors detect are passed through the cell walls of the cell into the cytoplasm where receptors activate or deny things, like the PLC enzyme. and if you read the link above, you can learn all about it <=but, the important thing is pharmacology or chemistry are about how drugs (chemicals basically) use signals to transport electronic signals around the body, and it is these signals that control cell function. and support life.

    Now I have some evidence, quite a bit actually, that electronic applied RF (electronic signals transmitted over a media (air, water, wire, etc.) actually control the signals inside your body. Control might be the wrong word, instead interfere with, the normal functioning of your body, might be a better description..

    So when you get close to a cell tower, especially one that is 5th generation, how do you suppose you can avoid having that cell tower influence, control etc you cellular metabolism.. Consider for example Ca..

    Suppose the cell tower frequency (electronics) closed all of the Calcium gates in your body for the entire time that you are within 800 ft of that cell tower.. How long do you think you might live?

    Now to my comment.. I suspect the pandemic may be associated to the cell tower industry. Why, because the virus enters human cells by disrupting the cell membrane and because there is a European patent that claims just that, that RF when applied externally, can be used to control the function of cells on the inside of the living cell. Its an international patent.

    In addition to that patent are many many articles all over modern science that show the same thing.

    But most important and on point is this abstract taken from a recent report..

    Several investigators have reported increased levels of poly(ADP-ribose) polymerase-1 (PARP-1), a nuclear enzyme which plays an important role in the repair of damaged DNA, in cells exposed to extremely low dose ionizing radiation which does not cause measurable DNA damage. Objective. To examine whether exposure of the cells to nonionizing radiofrequency fields (RF) is capable of increasing messenger RNA of PARP-1 and its protein levels in mouse bone marrow stromal cells (BMSCs). Methods. BMSCs were exposed to 900 MHz RF at 120 μW/cm2 power intensity for 3 hours/day for 5 days. PARP-1 mRNA and its protein levels were examined at 0, 0.5, 1, 2, 4, 6, 8, and 10 hours after exposure using RT-PCR and Western blot analyses. Sham-exposed (SH) cells and those exposed to ionizing radiation were used as unexposed and positive control cells. Results. BMSCs exposed to RF showed significantly increased expression of PARP-1 mRNA and its protein levels after exposure to RF while such changes were not observed in SH-exposed cells. Conclusion. Nonionizing RF exposure is capable of inducing PARP-1.

    if the PARFs are turned off then nearly any cell exposed to a virus should become infected almost immediately, meaning once one cell is infected, it will only take a short while to infect the rest of the cells in your body if there is the right frequency of rf near you. so is the cell industry the reason viral infections became a pandemic?

    Could it be this explains the infection rates we are experiencing?

    • Replies: @Alfred
  61. DaveE says:
    @Robert Dolan

    So, now we have one pysop after another……and life itself becomes one big fucking jewish psyop.

    There you have it. You’ve said more in 17 words than Mr. Hall said in his 20,000+ word dissertation.

    Find me ONE of these ultra-geniuses with a PhD who has the courage to utter the J word. They seem to think endless verbiage is a substitute for telling the truth.

    Worse yet, their idea of “courage” is shopping off-hours so none of their students will see them humiliating themselves hiding behind their Mask of Sub-jew-gation.

    Shlomo laughs, the Goyim cower in fear.

    Sickening.

  62. @Robert Dolan

    Let me simplify this magnificent essay.

    It’s the jews, stupid.

    They own and run the Fed and they can print money at will.

    With the power of money they can buy off every leader on earth.

    AAA+++ I couldn’t agree more. The were able to fake out the entire planet because they have bought every politician, and those who don’t play along are 86ed.

    Even a Federal Reserve CEO of Saint Louis said it was a planned shutdown:

    https://centralbankinginsanity.wordpress.com/2020/04/04/st-louis-fed-president-bullard-says-this-is-a-planned-shutdown/

    • Thanks: DaveE, Alfred
    • Replies: @Ralph B. Seymour
  63. @TKK

    As I’ve said for some times- this is wrong. Not to mention that many Jews are rabble-rousers, but to ascribe to them to have influenced events that would have happened with or without them.

    Basically, it is about one’s perception of history, not about whether Jews (or Chinese, or English,..) are “good” or “bad”.

    As regards Jews -I mean principally their ideological influence – I think you overrate them. There was nothing ideological in paradigm shifts in Anglosphere & Western cultural world -most suicidal moves in these societies were caused/provoked/influenced? by popular culture of Beatles, the Countercultural 60’s and later, and not by German-Jewish (or other Jewish) “intellectuals” like Marcuse & the rest. Or in recent cases Antifa rabble, which any ordered society can settle in an hour. If there is a ruling New Left world-view in affluent Western societies, it cannot be ascribed to any group or a set of individuals of any ethnicity.

    The New Left ideology (idolization of homosexuals & other “sexual minorities”, hatred towards national identity, extreme feminism & war against nuclear family, fetishization of blacks & Muslims, jabbering about weed & other drugs, female sexual promiscuity, cartoon war against the imperial past of some European peoples, war against normalcy, idolatry of non-European cultures & primitive forms of society, …)- I don’t see that as a final crystallization of some ideological warfare, but as an almost inevitable end of the trajectory of Western culture in its decadent phase, as in famous hypothetical question ascribed to Lenin: ” Are the forces which propel us to greatness the same that will, transformed by mutations of History, eventually lead to our collapse ?

    • Agree: Emslander
    • Replies: @Wizard of Oz
    , @Sam J.
  64. onebornfree says: • Website
    @gavishti

    “the China Virus definitely wasn’t a freak of nature that happened to cross the species barrier from bat to man. It was genetically engineered in the Wuhan Institute of Virology’s P4 (high-containment) lab in a program supervised by the Chinese military.”

    Yes, maybe, but who was “supervising” the Chinese military? Apparently, the whole lab was actually run by Fauci, who was/is working for Gates. [Look it up].

    Regards, onebornfree

    • Agree: Vinnyvette
    • Replies: @Sean
  65. @Agent76

    YES, Einstein….he confirmed in that first video above what I already stated and you can’t seem to grasp.

    He’s referring to reducing the population GROWTH RATE. That is not a negative! You are deeply confused. Listen more closely and comprehend.

  66. @The Real World

    Covid 19 virus has not been proven to exist.
    This is but one source.
    This guy has been investigating the HIV virus since the beginning.
    https://blog.nomorefakenews.com/2020/08/17/actually-discovered-new-coronavirus-question-wont-go-away/

    • Replies: @The Real World
  67. @obwandiyag

    The Wuhan lockdown worked? So say the Chinese. Almost as shady as the Jews… Almost!

  68. @gavishti

    Romanoff is a shill for the Chinese the premise of all of his articles is China good / USA bad, and then an attempt to prove his thesis. Akin to the Saker’s Russia good / USA bad premise. Only the Saker to his credit is a bit less shrill and more reasonable in his assessments.
    Anyone who thinks living under a totalitarian regime with a history of killing millions of it’s own citizens, is either a lunatic, or a paid propagandist. Even the Saker doesn’t think Russia was better under the CPRF.

    • Agree: Sean
    • Replies: @denk
  69. Sean says:
    @onebornfree

    Biden presses for full trade relations with China in 2001, then in 2013 China gives Biden’s son (who flew in to China with his dad on Air Force One) a billion dollars to invest. Seven years later China closed down domestically to halt the spread of COVID-19, but allowed international flights to continue. They did that because they thought it might help Trump win the 2020 election you think?

    • LOL: Peripatetic Itch
  70. @Desert Fox

    Well , we are fast approaching a time when we have nothing left to lose.

    • Agree: Robert Dolan
  71. Sean says:
    @Tony Hall

    Blackstone Bridgehouse and the other major investment houses are China’s biggest fans in America . There is nothing China is doing that Wall Street does not like. The 3.4 million US jobs that disappeared between 2001 and 2017 did so due to US trade relations with China, reference ‘The China Toll Deepens’, 2018, Economic Policy Institute). The decline in manufacturing as a share of total jobs exceeded the rate in the Great Depression.

  72. A lot to digest, but an excellent and informative article Mr Hall thank you!
    At this stage of the game I’m convinced anyone who believes these measure to “save us” from the ravages of Covid 19 have been instituted, not only early on when little was known about it, but doubled down on now that we do know who it affects, who it kills and why, who it doesn’t, what the survival rate is, what the death rate per capita is etc, is either highly misinformed or an abject moron!
    The speed with which these various measures were instituted, the lockdowns “supposed to last only two weeks to flatten the curve,” the masks which per the CDC’s own studies don’t work, the WHO’s recommendation that “healthy people should not wear masks unless caring for the sick”, Anthony Fauci’s own flip flops, the bogus Neil Ferguson modelling predictions, he who had already been proven previously to be grossly inaccurate in his predictions for prior pandemics that never became pandemics at all, the total lack of consideration by government’s of the economic, social, and health ramifications: suicides, drug and alcohol abuse, depression, anxiety, the virtual complete postponement of essential non covid medical procedures, evictions, foreclosures, bankruptcies, divorces, school closings, destruction of small businesses, unemployment, the loss of tax revenue, the cost / debt incured by bailouts, disruption of essential supply chains, pharmaceuticals, food etc…
    The censoring of any dissenting opinions from equally or better credentialed experts, doctors, research scientists, epidemiologists, economists you get the idea. The faked and artificially inflated death statistics. The phoney case counts. Anything and everything possible to exaggerate the danger, scope, and magnitude of just this one virus.
    The vilification and out right attacks on Sweden for the success they had without mandatory lockdowns.
    Clearly this has been a globally coordinated affair by government’s, buracracies, the MSM, big tech, the deep state, the billionaire movers and shakers to, as the article articulates, bail out the Wall Street riverboat gamblers and charlatans and also move to a global digital currency, test run and accustom the public to drastic social and economic restructuring, restrictions of movement and freedom, demoralize and break the will of the public via fear and govt mandates so that any resistance to the new normal seems futile.
    It’s simply a world wide coup d’ etat by the worlds wealthiest against the common man.

    • Agree: Robert Dolan, Da's Reich
  73. @The Real World

    Your mention of the climate issue make me think they’ll use the satellite images depicting dramatically less air pollution, globally, during the primary lockdown months to make a major point about fossil fuels.

    The so-called climate crisis depends on the theory that increasing CO2 is responsible for global warming. Now, notwithstanding Miss St. Greta, who claims she can see CO2, the gas itself is invisible and the photos you reference only depict the more conventional sources of particulate air pollution.

    We have of course reduced the world emissions of CO2 as well over the course of the lock down. Estimates vary but run in the five to seven percent range. And yet the climate alarmists have declined to make a point of this, the reason being that no one has been able to discern even a hint of these reductions in the data from the long-established carbon-dioxide observatory at Mauna Loa. This is not for a lack of trying. When pressed, alarmists say the lock down hasn’t gone on long enough.

    When examined in the light of established laws of physics, however, it becomes apparent that human emissions are but a very small fraction of natural emissions and that the CO2/global-warming scare is based on nothing more than a correlation between the uniformly rising CO2 levels as measured at Mauna Loa and a general trend upwards of global temperatures for the past 350 years, with lots of dips and rises.

    It turns out however, that the causal effect is just as likely to be the other way around. Oceans contain 50 times as much CO2 as the atmosphere and warming oceans release massive amounts of CO2 into the atmosphere in a process described by Henry’s Law — the same process that makes your beer go flat in the warmth of a room.

    Additionally ice core analysis demonstrates that temperatures and CO2 levels have indeed correlated over the past many thousands of years, but the CO2 levels always follow the temperature levels by about 800 years. Cause does tend to precede effect. In the real world, I mean. Not so much for climate alarmists.

    • Agree: Alfred
    • Thanks: Emslander
    • Replies: @The Real World
    , @Alfred
  74. DaveE says:
    @gavishti

    His account leaves no doubt that it is a “chimera”, an organism created in a lab.

    Yes, that’s right. A lab called the (((Center for Disease Creation))), aka CDC. Perhaps the CDCC, aka (((Center for Disease Creation in China))) or maybe (((Center for Disease Creation in Cleveland))).

    Either way, it is either a oomplete “War of the Worlds” psyop or a biological warfare attack on the Goyim.

  75. Mike Tre says:
    @Stan d Mute

    “The biggest problem facing any of these people is boredom.”

    And this becomes everyone’s problem. Because these rich and powerful people with way to much time on their hands start dreaming up ways to improve the human race, always with catastrophic results.

  76. @Sean

    It needs much more fine grained analysis to make the case you seem to be supporting. And, depending on how centralised on Xi you think the important decisions are you might even need to unearth true stories such as those about times when no one dared wake Hitler or Stalin with particular news. Using the broad brush which is all a UR commenter is likely to have I would first perhaps look at reaction times around the world for relevant decisions. Aha, but the Chinese [which Chinese actually?] knew this and that by such and such date….. However I seem to recall that vast public gatherings in Wuhan, and departure for the Chinese New Year were allowed, and most obviously a danger to China. I note that Ron obviously regards you as some sort of sophisticated team member. In this case the sophistication seems lacking.

    • Replies: @Sean
  77. @Vinnyvette

    Yet, as well, it has not been proven to not be a unique virus.

    I can tell you that I got slammed with something the first week of Feb that was unlike anything I’ve ever had before. Docs weren’t even thinking about Covid then or testing for it. My Doc insisted it was strep throat, I knew it was something much more than that, and two tests proved him wrong. I suffered through 4 hard days and it took two weeks to recover. It was not the flu.

    About 6 weeks later, with the known symptoms more specifically and publicly defined, I realized Covid is probably what I had. The bad news? It appears to not be gone. I’ve now had at least two flare-ups that last about 2 days each. Not happy about that. Something residual is still there. Flus and colds don’t do that.

    Where it gets really interesting is – a guy on another site, after reading a post about my chronology of symptoms, replied: that is classic malaria. Wow! So, I’ve been researching that today and it’s an interesting possible twist. A malaria insert into a lab-created virus? It would help explain why HCQ/zinc helps many patients at early onset and why some people are known as “Covid long haulers” — those with some symptoms that remain or flare-up over time.

    • Replies: @Sam J.
  78. @Peripatetic Itch

    I was only pointing out what the climate devotees would likely use to help make their case, I wasn’t supporting their probable effort or thesis about it.

    Frankly, the climate issue is of little interest to me. Until I see big name people (like a notable former VP) get behind teaching populations how to not be so terrifically wasteful and pollute so much AND someone provides real factual info about WTF the geo-engineering of our skies is all about, I’ll pay no attention to all the climate squabbles.

    • Replies: @Peripatetic Itch
  79. @Mefobills

    Would you care to explain how China “has full…. control ovrr its money supply” when you consider that money can be created by any credit worthy entity issuing or endorsing a bill (just to mention the old fashioned ways)? Do you remember when there used to be discussion of M1 (currency) to M6? I’m not sure where that discussion is now or where it takes place but the fact remains that even the most draconian laws would have trouble preventing the creation of money by JP Morgan endorsing a bill of exchange for $1 million and it then being used to pay for a shipment.

    • Replies: @Mefobills
  80. @Emslander

    You seem to be another of the many overcomplicaters who don’t understand the simple, initial, motivation of most politicians and indeed autocratic leaders to avoid blame for deaths caused by overloaded and underprepared health systems . Because blame can be so widely shared, or at least attributed,in the US where even individual counties can have great power or influence – and you have a President taking an inconsistent and opportunistic course, this not be so obvious to you.But it is obvious.

    • LOL: Emslander
  81. Alfred says:
    @sally

    there is a European patent that claims just that, that RF when applied externally, can be used to control the function of cells on the inside of the living cell. Its an international patent.

    A patent cannot be a set of claims. There has to be proof of validity of these claims.

    You cannot make a claim that your newly invented battery will last twice as long without any data to back this claim.

    • Replies: @JasonT
    , @Mefobills
  82. denk says:

    Why is it still a mystery ?

    The mastermind of ….
    Get your CertificateOfVaccineID now scam is the same [[[mofo]]] who gave the world SARS1, Ebola, bird flu, swine flu, dengue fever, BUbonic plague…

    YOur satanic deep state

    This planet has already achieved a delicate balance between all species, long before we arrived. But the self-deluded geniuses wanted more excitement to the show.

    https://eclinik.net/heres-the-proof-flu-virus-was-deliberately-weaponized-for-widest-transmission/

  83. Alfred says:
    @Peripatetic Itch

    the CO2 levels always follow the temperature levels by about 800 years.

    Correct.

    There is 50 times more CO2 in the waters of the oceans than in the atmosphere. When the atmosphere warms up, over a period centuries, CO2 is released.

    But this is something that the lying MSM will never let you know.

  84. @Bardon Kaldian

    Indeed it would require strenuous thinking and research to identify major changes in the world over the last 150 years that wouldn’t have occurred without Jews. Fertility,its control (especially) and lack of , may be No.1. Women in the WW1 and WW2 workforces and higher education. Were Jews needed? And tbink of the GI Bill of Rights…..

    • Replies: @Wizard of Oz
  85. Sean says:
    @Wizard of Oz

    That China’s Fentanyl was killing tens of thousands in the West is not in dispute, they were making in in Wuhan actually. Xi knew all about that because there were Western complaints for years about Fentanyl manufacture being legal in China, which he ignored for years because for CCP-controlled China the West is not to be allowed to have any say just because something from China is causing the death of countless Westerners.

    With COVID-19 there certainly could be a delay in regional bosses reporting what was happening so I don’t draw any conclusions from the period before China took internal anti COVID-19 measures. However, no regional boss could or would dare to order a regional close down without explaining exactly why and getting Xi’s seal of approval first. Apart from anything else there were roadblocks in Peking, so the domestic lockdown was 100% on Xi’s orders (he said he was directing the response in Hubei from 7 Jan), so th supreme leadership knew long before the West that this would spread like wildfire and had to be squashed.

    Yet the international flights were not stopped at the same time the internal ones were. China made official protests about Italy banning flights and tried to influence the WHO against any international travel ban at the same time it was quarantining Wuhan and other affected cities while suddenly importing huge numbers of masks. Everyone counted on the Chinese being efficient and they were, but only domestically. If they were going to be in lockdown then judged by their actions they wanted the whole world in lockdown too. It meant death beyond imagining in the West, but merciless malevolence over COVID-19 shouldn’t surprise coming from the country that with bland defiance was killing tens of thousands in the West with Fentanyl.

    • Replies: @Wizard of Oz
    , @Anonymous
  86. @Tony Hall

    How do I decide to spend a lot of time on a contributor unknown to me from a Canadian backwater. (Don’t be upset. Perth, WA, where a Nobel Prize winnner worked was described on UR as Hicksville). It is of potential significance that Ron Unz himself has not contributed even the weight of a Comment. It is irrelevant that, amidst the swarm of nutters I have found some interesting comments. So…..

    I looked you up by Googling and I have a test for you. You are so clearly defamed as an anti-Semite and Holocaust Denier (with no suggestion of redeeming nuances) that I wonder why I did not also find report of your defamation actions against your defamers. After all, Canada has no First Amendment protection of political porn. So…absent Ron Unz saying that he had done due diligence on you and read your work carefully and given it a big tick, where am I to find your respected supporters?

    • Agree: Johnny Rico
    • Replies: @Tony Hall
  87. @Wizard of Oz

    To fix an ambiguity let me say that fertility control was not dependent on Jewish inventions, discovery, or persuasion. Nor, for that matter, was the huge rise in productivity of wheat and rice….

    • Replies: @Bardon Kaldian
  88. @Tony Hall

    “For some time I’ve been looking into the possibility that its a matrix of interests with some elements in the CPP and some in the “national security” apparatus closer to home.“

    BINGO!

    I’ve been saying this same thing for months now. I call it the “Strangers on a Train” con.
    In the Hitchcock movie, the villain proposes a diabolical plot to a stranger in which they will do each other’s murders and no one will suspect them. The perfect crime.

    The century of social engineering and slow poisoning of the body and mind has resulted in a population of helpless dopes. Bertrand Russell:
    “Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”

    The lack of resistance to the covid911 operation is encouraging the so called elite to double down and go for the mandatory vaccine.
    Let’s call it the Jonestown Jab.

  89. Any mention of the Pandemic Bonds July 2020. If no pandemic was called before this date government’s big corporations billionaires etc were going to lose a lot of money. I think this should be bought more to attention

    • Replies: @GeeBee
  90. John F. Kennedy issued debt free money called United States Notes without the Federal Reserve and would have gone on to shut down the Federal Reserve altogether if he were not assassinated and lived to see a second term.

  91. GMC says:
    @Larry Romanoff

    Prefabing a Hospital , Restaurant or the 300 room Fairbanks, Ak, Princess Lodge/Hotel is a piece of cake, especially if you have the workforce China has. That accusation should be put to rest. Thanks.

    • Replies: @Larry Romanoff
  92. @Wizard of Oz

    It is simply wrong to think in this way: X was invented by Y, so Y must be guilty of X’s excesses. And Y’s ethnicity or nationality must be, somehow, behind it.

    For instance, LSD was synthesized by Swiss German Albert Hoffman. Are (Swiss) Germans somehow “guilty” for drug culture/epidemic?

    • Replies: @Wizard of Oz
  93. @GMC

    Yes, correct. As I wrote earlier, few outside China have any understanding of China’s ability to marshall the resources of the entire nation.

    Those temporary hospitals were modular concrete units designed for rapid assembly, in a manner similar to setting shipping containers side by side, with full accommodation for A/C, heating, ventilation, negative pressure, abundant electricity, and with all the equipment and facilities one would normally see in any hospital. The first was built in ten days by 16,000 men, the shifts working 24 hours a day. To clear and level the site and lay the substructure, there were 240 pieces of construction equipment working on the same site at the same time – also 24 hours per day. The Chinese media posted time-lapse videos of the construction process, which were astonishing to watch.

    And immediately upon completion, the hospital was fully staffed with more than 3,000 doctors and about 500 nurses seconded from other hospitals across the country.

    https://www.claritypress.com/product/when-china-sneezes-from-the-coronavirus-lockdown-to-the-global-politico-economic-crisis/
    https://www.theguardian.com/science/2020/jan/24/chinese-city-wuhan-plans-to-build-coronavirus-hospital-in-six-days
    https://www.nbcnews.com/news/world/china-s-coronavirus-hospital-built-10-days-opens-its-doors-n1128531
    https://www.wsj.com/articles/how-china-can-build-a-coronavirus-hospital-in-10-days-11580397751

    Similarly, China’s new HSR line from Shanghai to Beijing, a distance of about 1,300 Kms., was a masterpiece of unobstructed planning and execution. For construction, the government hired almost 140,000 workers to build multiple sections simultaneously, the entire project completed in two years at a cost of less than $20 billion. By contrast, the cost of an HSR line along the Eastern seaboard of the US, a distance less than half as long, was estimated at $120 billion and 20 years. Canada wanted to build an HSR line between two cities only 300 kms apart, and the ‘planning stage’ was to take five years.

    • Replies: @Peripatetic Itch
  94. Hope the author didn’t get paid by the word! With focus and CONCISE mentioning of details from 2008 and maybe 9/11 this could be a readable, good hypothesis for WHY the “pandemic” was created(?) and handled as it has been so far. As it is, it is overly repetitive and should be edited for length.

    Commenters are under no such rules, just no one reads our long responses!

    Realizing the underlying theme is financials (the only real business left in the gutted USA), the limited science statements are wrong.
    “The PCR system that is presently being widely used does not test for the virus but tests for the existence of antibodies produced in response to many health challenges including the common cold.” No, PCR tests only for the virus, or pieces thereof. PCR is limited to maybe a week or ten days with someone (under age 60, relatively healthy) recovering from flu-like symptoms. PCR can also detect many asymptomatic patients, but there’s usually no need to test in the US, since tests = money. Serious cases test positive much longer by PCR, although the disease is generally a result of the patients immune system, and as the Chinese physicians submitted for publication in March, and Brits “discovered” in mid June, glucocorticoids are an effective treatment (that could have really reduced the US epidemic in NY/NJ and CT at the start!)
    The antibody (serological) tests were initially an epidemiology tool. PCR only showed who was infected at that moment, antibodies were thought to show everyone who had been infected and had recovered. The early tests had high false positive and negative results, so were worthless for diagnosing individual covid-19 histories, BUT for large populations the results could be easily corrected for positive/negative results; these tests typically showed communities had 5-50-fold more infections than shown by PCR (most were mild, common cold-like, some flu-like; this is the normal covid-19 response in people younger than 60; 94% of deaths from covid-19 in Europe are over age 60, in Australia 97% are over age 60. Sadly, US case numbers are all over the map!) Even as the antibody tests improved, scientists were scratching their heads saying there should be many more people with antibodies in hard hit areas like NYC (“only” 20% displayed antibodies to SARS-COV2). Others quickly found that the antibody responses to SARS-COV2 were weaker than expected and faded quickly, often undetectable in two or three months. Common cold coronavirus experts had warned of this lack of antibody protection early on but were ignored. There may be implications for vaccines; if your body does not make robust antibodies to this virus, might there be a reason why?
    The most recent advance has been the discovery that memory T cells, an alternate immunity system conceptually, shows robust responses to SARS-COV2. Not only do all those infected show strong memory T cell responses even six months later, people infected in 2004 with SARS also show memory T cell immunity from SARS-COV2 as well as SARS. Most importantly, people with no record of Covid-19 also show immunity, believed to derive from common cold coronaviruses (sequences are similar). Mathematical modellers of the disease, with no biology understanding, had noticed repeatedly that each country has between 50 and 80% of their population who are not susceptible to the virus. This memory T cell immunity (and likely will become more complicated) may explain the “herd” immunity that Sweden sought (and inadvertently that NYC may now enjoy). Antibodies in populations across countries are running 5-7%; this likely cannot be protective. A test for T cell immunity appears necessary but is still in infancy.
    A note on testing. If you are in an Asian country which has shut down to all other countries showing raging epidemics, you can deal with the 100 or so people who get in with the virus, test them and their contacts and quarantine them for 14 days (Alaska and Hawaii also adopted this approach). Works really well! In the West, politicians were loathe to shutdown borders early (racism! businessmen must shake hands on a deal!) and the most likely people to desperately “escape” the virus are those in highly infectious regions, so hundreds entering every day for a month with the most contagious lethal disease in modern history, means the virus is entrenched and unstoppable (“community spread”). Better not to even test, since the government will pick up much of the cost of covid-19, and nothing else.
    The focus on largely resistant children, young adults, and those relatively healthy and under age 60 seems (intentionally?) STUPID. The vast majority of these people will be fine (flu is worse for them with any competent medical care). The median age of death for covid-19 is 80 years old; the aged should be the focus of protection (again is this ‘failure” intentional? Are our politicians all psychopathic monsters?)

    • Replies: @Anonymous
    , @Wizard of Oz
  95. GeeBee says:
    @Sharethddebate

    I understood it was the other way around; that the bonds paid out only if a pandemic was not declared before July. In the event, the WHO had no choice but to declare a pandemic in May, despite pressure from those very rich people who subsequently lost their bets.

  96. @Bardon Kaldian

    I’m not sure why you felt it necessary to say that. All I was doing was removing a literal ambiguity which could have been made my views misunderstood.

  97. @Mefobills

    Great post, thank you.

    Wasn’t Pierre Trudeau who handed the Bank of Canada’s reign to private hands?

    • Replies: @Mefobills
  98. @Sean

    I have just watched an excellent WGBH program “The Virus – What Went Wrong” and you have not convinced me that President Xi could have relied on the reality of abysmal incompetence, negligence intimidation of public servants including scientists, and woeful lack of preparation for known risks that might have tempted him to treat the US and others to deliberately harmful decisions. By contrast I have a simple reaction to your fentanyl diversion. It wasn’t so simple. See the following, particularly as to the limited control the Chinese government had in practice:
    https://www.brookings.edu/research/fentanyl-and-geopolitics-controlling-opioid-supply-from-china/

    • Replies: @Sean
  99. denk says:
    @Vinnyvette

    Romanoff is a shill for the Chinese the premise of all of his articles is China good / USA bad, and then an attempt to prove his thesis.

    UN votes on prohibition of chemical and biological weapons.
    109-1

    GUess who’s that anti life mofo, always on the wrong side of history ?

    • Replies: @Vinnyvette
  100. JasonT says:
    @Alfred

    @sally

    Can you provide the European patent number?

    Also, there is no such thing as an “international patent”. There is such a thing as an “international patent application”, which can be converted to a national patent application (or a regional patent application in the case of Europe and some other regions) at the appropriate Patent Offices. The national (or regional) patent application can then be independently processed until a patent is granted (or not) by each of the national (regional) Patent Offices.

    @Alfred

    A valid patent will have a description of the invention and a set of claims, the description being of sufficient detail that an ordinary worker in the particular technology can replicate the invention, the claims setting out the legal scope of protection for the invention. To get a valid granted patent, the claimed invention must be useful (an easy test generally), novel (a generally clear cut test) and not obvious (a very subjective test around which most of the arguments at the patent offices and the Courts are centered).

    It is certainly possible to make a bare statement in the patent about efficacy of an invention without showing and evidence to support that statement, and still have a valid patent, for the simple reason that the inventive step may reside in something other than the statement of efficacy. An invention often arises from a combination of elements (e.g. structures or process steps), whereby the combination itself is not prima facie obvious, irrespective of the results (e.g. efficacies) that are achieved. However, if the combination of elements is prima facie obvious based on prior knowledge, then to rely on improved efficacy as an indicator of non-obviousness will require the proper supporting evidence.

  101. Mefobills says:
    @Wizard of Oz

    Good Question.

    It gets back to the debt graph I showed earlier with Canada. China is very similar system with a State Bank that operates at behest of the polity, which in this case is the Communist Party.

    It also includes outputs of society, where the Canadian experience, and today’s China experience is instructive. In both of those cases, societies output was directed toward goals that were beneficial to society overall..

    Those goals are planned and then funded. By contrast, a private banking system like the BOE model foisted onto the West, inverts the planning. The finance sector does the planning for society. Ultimately it gets down to “who do you want to do the planning?”

    China can make its money supply do anything they want. They can contract it, or expand it at will. They can change money supply composition to more debt claims or less claims, etc. When China releases Yuan debts, that effectively makes debt free money circulate, similar to MOF telling BOC to issue debt free (see Canadian experience above), thus changing the ratio of debt free/debt money in circulation.

    Western banks such as JPM can monetize anything they are allowed to by Hypothecation. Both China and JPM use double entry accounting methods. The double entry ledger is deployed for different reasons in China.

    Do you think China has a derivative problem? Derivatives and all kinds of other financial shenanigans of the West are on a ledger somewhere waiting to make claims on wealth producing productive sectors of society. China can shut down the speculators at any time by slamming their heads against a wall, while JPM is the speculator.

  102. Anon[386] • Disclaimer says:
    @Dumbo

    @ The number of cases is increasing, they say. Seems an attempt to completely DESTROY the economy of those countries, based mostly on tourism and entertainment.

    You are correct. The government in Italy is demanding 300,00 tests be done DAILY. So they can say cases are up even if deaths are not. Even if the positives are of perfectly asymptomatic/healthy individuals, minimum viral loads, and with good treatment now available.

    And thus reclose the economy. You bet that’s not going on in Switzerland and Germany, countries apparently not selected for total meltdown. Spain is under unusual attack, they want to break up an ancient national unit.

  103. Mefobills says:
    @Hiram of Tyre

    Hiram… Yes.

    Our author, Mr. Hall, touches on that in his essay:

    With this arrangement in place, Canada went through a major period of national growth between 1938 and 1974. Canada emerged from this period with a national debt of only $20 billion. Then in 1974 Prime Minister Pierre Trudeau dropped this arrangement to enable Canada to join the Bank of International Settlements. One result is that national debt rose to $700 billion by 2020.

    So, before 74 Canada had many small businesses that were world beaters. These small businesses created local economy. The businesses formed because average people had savings, and they were able to pool their savings rather than go to a bank to become hypothecated. Their prices were low because they didn’t have finance overhead to be paid.

    Canadian money then circulated locally and capitalism worked to benefit the producers. Local economy meant that small towns were viable.

    The growth in debt (see Canadian debt chart above) can be looked at another way. The holders of debt instruments are making claims on the producers, and in actuality are strangling future possibility because saving is foreclosed. What is the savings rate in U.S. with its debt money system? The average person doesn’t have enough money for an emergency, much less starting a new business.

    Or another way to look at it is equity vs debt. In Canada, people worked, created wealth, and their wealth was marked as money, then their earned money became savings, and then savings were pooled to start business. It was an equity system, not really a debt system.

    A debt system wants to extract from the future and funnel usury toward a parasite class. By contrast an equity system builds up wealth in the past and directs it toward the producers who can save and then redeploy to benefit themselves and their local economy.

    When I say that China is going to win against the West, it is not me making idle “blabberings.” It is fundamental… it is baked into the cake. The only way Western Finance Plutocracy can win out is through war. Or the finance class can win through deception, like what happened to Canada in 1974.

    • Thanks: Hiram of Tyre
  104. Tony Hall says:
    @Wizard of Oz

    I did not also find report of your defamation actions against your defamers.

    Here’s an overview

    Here’s a web site describing the case with lots of links and such

    https://academicfreedomanthonyhall.ca/

    Some people especially in this kind of environment can appreciate what it means to be identified by an organization like B’nai Brith Canada for professional attack and what it takes to withstand it. Anyway I’m pleased to make your acquaintance, Wizard of Oz.

    • Replies: @Wizard of Oz
  105. @gavishti

    USAID has been funding Coronavirus research worldwide for years….this is open knowledge. This was a Plan-demic…what is so hard to accept.


    As for the man-made virus released intentionally or by accident to the world, you only need to worry if you are unhealthy and have a non-working immune system. Work on your own health and you have nothing to fear.

    The author is correct on all accounts….International Private Bankers are the problem. Every country in the World have “traitors from within” which need to be exposed and “properly dealt with” so that future traitors from within will think twice.

    • Agree: TheTrumanShow
  106. @Larry Romanoff

    Tony Hall’s March 2nd piece is required reading for insight into plot development.

    https://www.unz.com/article/who-or-what-started-the-wuhan-coronavirus-epidemic/

    Personally, I think the script would be more interesting if Khashoggi and Navalny were included. They knew the truth.

    Who knows, maybe they were. I only made it 10,000 words.

  107. @The Real World

    I didn’t mean to suggest you did hold those views, and I certainly agree with you on this:

    Until I see big name people (like a notable former VP) get behind teaching populations how to not be so terrifically wasteful and pollute so much…

    The problem, however, is that the climate alarmists have managed to get CO2 defined as a pollutant and thereby distract from the very real problem of particulates, heavy metals, toxic waste, etc. We are being slowly indoctrinated to believe this is the only pollutant of any consequence. They no longer refer to it by its chemical name, they just say the word “carbon” and invoke the classic Pavlovian response of “ugh, dirty” in any of us who haven’t been paying attention. CO2, of course, is both a very scarce molecule and also the source of most everything we eat. Without it, there is no photosynthesis, no growing plants, no forage for your cattle, your hogs, your lambs — no food off the land at all.

    If we ever experience another ice age, and we have had four of them in the current geological age, it’s likely that the oceans will absorb so much CO2 that there will be very little left for agriculture. Plants tend to die when its concentration in the atmosphere drops to about one-third what it is now. Alarmists like to invoke the so-called precautionary principle against a runaway global warming, when such has clearly never been seen on Earth — not in four and a half billion years. Our climate is clearly blessed with many negative-feedback processes, all tending to keep our climate from suffering the hypothesized Venus effect.

    I might add that it was Richard Nixon who established the EPA and the Clean Air Act. He was impeached and forced to resign for sins that seem like small potatoes compared to the non-stop four-year-long coup attempt against Mr. Trump. I might also note the striking similarities between what the alarmists were calling for but eight months ago and what actually transpired with the lock downs.

    • Replies: @PetrOldSack
  108. @Larry Romanoff

    The first was built in ten days by 16,000 men, the shifts working 24 hours a day. To clear and level the site and lay the substructure, there were 240 pieces of construction equipment working on the same site at the same time

    And yet certain nagging questions come to mind. First is all those so very many backhoe type of machines supposedly leveling the site, when bulldozers would be a more likely and effective choice.

    Second I don’t think I ever saw any images of the new hospital in use, with patients being treated, ambulances dispatching patients, or staff walking about. All we were shown was one empty room with beds and stuff.

    The CCP apparently ordered factories to run their equipment full bore for a time without any workers or production — to give the appearance of industry returning to normal. So they do have the ability, and the will at times, to practice deception.

    • Replies: @Larry Romanoff
  109. I think it would be better if Mr. Hall deleted China from his repertoire altogether, and confined his writing to subjects within his area of expertise.

    I read Mr. Hall’s earlier article, Who or What Started the Wuhan Coronavirus Epidemic?, and it’s mostly uninformed and half-baked nonsense.

    The feeling I have from reading this article – as well as the one above – is that it was written by someone who is discovering things for the first time, whose understanding is dim at best, who has only enough knowledge to be dangerous, but is promoting his lack of understanding as revelation.

    Mr. Hall’s knowledge of China, and of the virus in all aspects, is so minimal that it should be kept at home where I believe it belongs. Similarly on financial items like derivatives. Mr. Hall clearly has no useful understanding of these instruments, his confusion being obvious.

    And what about statements like this:
    “The lockdowns have, for starters, been directly responsible for explosive rates of suicide, domestic violence, overdoses, and depression.”

    There is no evidence in any country to support such an assertion.

    I’m sorry to say we are dealing with an amateur on all of the topics included in this essay, and I think this nonsense should stop here.

    It isn’t my practice to throw stones at other writers, but random collections of dim understandings and uninformed thoughts on twenty topics all mingled with media platitudes, is not helpful to either enlightenment or entertainment.

    • Troll: Peripatetic Itch
    • Replies: @TheTrumanShow
  110. Mefobills says:
    @Alfred

    Raymond Rife spent most of his life figuring out resonant frequencies of viruses and bacteria.

    https://nit.co.rs/blog/the-royal-rife-story/

  111. Anonymous[332] • Disclaimer says:
    @Sean

    Yet the international flights were not stopped at the same time the internal ones were.

    Yes, they were:

    https://www.factcheck.org/2020/05/trumps-flawed-china-travel-conspiracy/

    Flight records show China did block international commercial flights out of Wuhan after Jan. 23, according to Flightradar24, a global flight tracking service…

    “The records show that flights out of Wuhan to the rest of the world stopped around mid-day on the 23rd,, the same day China stopped flights from Wuhan to the rest of China,” Bell wrote…

    We spoke to Ian Petchenik, the director of communications for Flightradar24, a global flight tracking service, and Petchenik confirmed that “there were no more normal, commercial flights” from Wuhan after Jan. 23. “They did stop people from going to the U.S. and to the rest of the world,” he said.

    After Jan. 23, flight data shows there were a few flights from Wuhan to destinations in Asia outside of China, Petchenik told us, but those may have been mostly empty planes returning to their base country. There were also a handful of flights from Wuhan chartered by the U.S. State Department to evacuate American citizens, including diplomats and their families, beginning on Jan. 28. Passengers on those planes were flown to military bases in California and were mandated to complete a 14-day quarantine.

    On April 21, Ferguson provided an “update” to his April 5 column in which he acknowledged, “Data from sensors tracking actual flight paths would seem to indicate that no flights left from Wuhan itself to other countries in the world after January 23.” Ferguson wrote that he reached out to the U.S. company Flightspin, and that officials there “concluded that it was very unlikely indeed that any flights had gone from Wuhan to Western cities after January 23.”

    • Replies: @Sean
  112. @Peripatetic Itch

    “all those so very many backhoe type of machines supposedly leveling the site, when bulldozers would be a more likely and effective choice.”

    For God’s sake man, use your head. They built that hospital in ten days. You didn’t. The Chinese are so stupid it wouldn’t occur to them to use a bulldozer if they needed one?

    “I don’t think I ever saw any images of the new hospital in use”

    Well, maybe that’s because CNN didn’t want you to see it. I saw hundreds of them. Can you figure out how that happened?

    “. . . to give the appearance of industry returning to normal. So they do have the ability, and the will at times, to practice deception..”

    Of course. These were all Potemkin hospitals, just a façade to dupe the Americans. But you saw through it.

    • LOL: Peripatetic Itch
    • Replies: @Peripatetic Itch
  113. Sean says:
    @Wizard of Oz

    Obama was complaining about the Fentanyl manufacturers of Wuhan operating inside China’s laws throughout his second term and got nowhere. The Chinese did make Fentanyl illegal in 2019, but they also have supplied technical assistance for North Korea to have make great leaps in thermonuclear weapon miniaturization, and ICMB platforms; a booster was recovered from the sea and parts have been identified as Chinese origin. Kim is suddenly putting up satellites for goodness sake! The upshot is Kim is now close to being able to nuke the hit the cities of the West Coast with a MIRV. I’m sure there are experts who will tell you that Kim is a loose cannon, but we now know beyond doubt who loaded him. Xi is too subtle to deal with Trump’s disengaging from the Chinese cuckoo by threatening America directly so he creates a Kim problem that means Trump needs China, then Xi uses it as a wedge to nullify Trump’s trade policy.

    Since the 2002 SARS epidemic (which the Chinese admitted initially covering up) world authority Dr. Ian Lipkin has been going to China at the invitation of the government to collaborate with scientist there and he was begging the Chinese authorities for a decade to close down wet markets to prevent another occurrence of a novel coronavirus. They completely ignored him and that is likely not unconnected with the COVID-19 virus which is a bat one by way of a pangolin , while SARS in 2002 was a bat virus by way of a civet. The Wuhan wet markets are now open for business; this is after COVID-19, and that tells you all you need to know. Can Xi really be so powerless that he cannot permanently close down a market? He seems able to control Fentanyl abuse in China rather well: there isn’t any. Reminiscent of how he can close down domestic flights in timely fashion, but not international ones, eh?

    Upholding his country’s freedom of action and position of relative economic power seems to be an overriding concern of Xi. Whatever the personal authority Xi has or lacks, it is difficult to conceive of any Chinese leadership ordering an economically damaging close down of China that saved the world from being seriously inconvenienced, but would ultimately redound to China’s disadvantage. China would have found its customers had got other suppliers after a China only lockdown came off. It would surely has resulted in a China-only national recession. I think such considerations were at least in the back of Xi and his inner circle’s minds. Lipkin went over to China in the early days of the epidemic and he says we will never find out whether the Chinese knew more and earlier than they they were publically telling.

  114. Sean says:
    @Anonymous

    I said nothing about the international flights from China to the West after the 23rd that Xi deliberately allowed to continue being from Wuhan. There were roadblocks in central Peking by that point, but the international flights from China to the West only ceased a week later (on the 30th) because the Western airlines refused to continue with them. The Chinese government representatives at the WHO and elsewhere successfully delayed this measure.

    • Replies: @Anonymous
    , @AnonCN
  115. @Peripatetic Itch

    The comment touches upon the right angle of vision, puts “climate change” into it´s proper spot as a decoy to toxicity, pollution being the real issue.

  116. Anonymous[151] • Disclaimer says:
    @Sean

    “China Orders Travel Agencies to Suspend Tours to Contain Virus Outbreak
    Bloomberg News
    January 24, 2020”

    https://www.bloomberg.com/news/articles/2020-01-24/china-orders-travel-agencies-to-suspend-all-tour-sales

    China has ordered all travel agencies to suspend sales of domestic and international tours as part of an effort to contain the spread of a novel coronavirus that has killed 25 and sickened hundreds.

    The Ministry of Culture and Tourism ordered travel agencies and tourism companies to stop selling tour packages beginning Friday, according to a document seen by Bloomberg.

    The action comes at the start of the Lunar New Year holidays, when millions of Chinese travel across the country and abroad. China is taking extraordinary measures as it tries to halt a disease that some fear could rival SARS.

  117. Anonymous[156] • Disclaimer says:
    @Michael888

    Realizing the underlying theme is financials (the only real business left in the gutted USA), the limited science statements are wrong.
    “The PCR system that is presently being widely used does not test for the virus but tests for the existence of antibodies produced in response to many health challenges including the common cold.” No, PCR tests only for the virus, or pieces thereof.

    Thank you! I specifically wanted to reply to this blatantly inverted, incorrect statement; I searched the page for “PCR” before replying, to see if anyone else had caught it. 117 comments, and you are the only one. What a shame.

    There is obviously something wrong with the “official” story; otherwise, there would be no need to enforce it via the extreme censorship now seen on this topic. However, adding misinformation (or disinformation) is not helping; and the basic scientific ignorance about PCR not only kills the whole article’s credibility, but also makes anyone who questions the “official” story look like an ignorant lunatic.

    Am I overreacting? I think not: To claim that PCR tests antibodies, not genetic material, is an error on the order of claiming that an internal combustion engine does not burn fuel, and therefore has lower emissions than an electric motor. It is backwards, upside-down, the opposite of the truth: A brazen folly.

    • Replies: @Tony Hall
  118. @Michael888

    Thank you for what serms to be reliable information. Still, just one more question.. ..

    I have only recently become aware of the concept of pre-immunity presumably created by the Coronavirus exposures most of us have had simply by catching colds. It made and makes sense to a layman with some but not expert knowledge of our immune system. Why, though, do we find the highest immunity to infection and to severe disease amongst children?

    • Replies: @Michael888
  119. @Tony Hall

    Thank you for the very literate link. I haven’t found time to to view the whole video. I think you should sue. To the extent that some unwise things you have said or written might be brought up again I think that might be offset by the evidence of organisations ganging up on you.Good luck. Keep us postted. PS I am something of a phosemite but I hate bullying,especially dishonest bullying.

    • Thanks: Tony Hall
  120. @Larry Romanoff

    Well, maybe that’s because CNN didn’t want you to see it. I saw hundreds of [images of the new hospital in use]. Can you figure out how that happened?

    In truth there have to be a myriad of possible explanations for how you saw hundreds. You gave four citations in your original post but included not one of your alleged hundreds of images showing the hospital actually in use.

    So until you put up or shut up, I’m going to have to go with the BS explanation. Sorry about that.

    Romanoff is a shill for the Chinese the premise of all of his articles is China good / USA bad.

    CNN, what’s that? I’m big on zerohedge, WUWT, and Unz. I read comments assiduously.

  121. @Larry Romanoff

    Mr. Hall:
    “The lockdowns have, for starters, been directly responsible for explosive rates of suicide, domestic violence, overdoses, and depression.”

    Mr. Romanoff:
    There is no evidence in any country to support such an assertion.”

    Skilled researcher that he is, perhaps Mr. Romanoff can get to the bottom of the following, which has been fairly widely reported in various comment sections:

    “A July 2020 UK study from Loughborough and Sheffield Universities found that government policy over the lockdown period has actually increased mortality rather than reducing it, after factoring in collateral damage including deaths from cancers and other serious diseases that are being left untreated, a dramatic increase in suicides and drug overdose, and poverty and malnourishment due to unemployment. Globally, according to UNICEF, 1.2 million child deaths are expected as a direct result of the lockdowns. A data analyst in South Africa asserts that the consequences of the country’s lockdown will lead to 29 times more deaths than from the coronavirus itself.”

    From Lockdown to Police State: the “Great Reset” Rolls Out
    ELLEN BROWN • AUGUST 22, 2020
    https://www.unz.com/article/from-lockdown-to-police-state-the-great-reset-rolls-out/

  122. AnonCN says:
    @Sean

    It’s August 2020, you still nagging about when did Wuhan shut down international flights?
    You ever cared what did your government do after those people returned from Wuhan? People got checked? Isolated? Nothing? Why would your government do nothing at the time? Too weak too stupid too scheming too incompetent too naïve too innocent? Which one? Why is it a habit for you to point fingers at others rather than introspection?
    You ever really cared when/where/who/how did your case zero come from? You never cared. If you ever did, you get over with Wuhan this Wuhan that long time ago.
    Why are you still feel so sure that everything firstly started in Wuhan? Never mind, you just want to put it this way. So it have to be Wuhan. It is designed to be, it must be. Who cares anyway.

    You kind of people’s ability to seek ‘facts’ to support your ‘truth’ and stick onto it is amazing!
    I hope you continue this magic power as long as you can. It will only fool yourself. Go on live in your bubble zone.

    • Agree: Larry Romanoff
    • Replies: @Wizard of Oz
  123. @TheTrumanShow

    Larry also might want to get to the bottom of this…

    “The were also economic hardships during and after lockdowns. There is dated data (from 1981) showing a 37,000 increase in deaths for each percentage-point rise in the unemployment rate. It comes from a book called “Corporate Flight: The Causes and Consequences of Economic Dislocation” by Barry Bluestone, Bennett Harrison and Lawrence Baker.

    According to the study a 1 percent increase in the unemployment rate will be associated with 37,000 deaths [including 20,000 heart attacks], 920 suicides, 650 homicides, 4,000 state mental hospital admissions and 3,300 state prison admissions.”

  124. @Wizard of Oz

    The pre-immunity, so far and with more data may change, suggests common cold coronaviruses stimulate the memory T cells (despite mild if any antibody responses) since a different shared region common to all these human disease-causing coronaviruses seems involved. I’m not aware if anyone has catalogued variation of common cold coronaviruses (20-30% of common colds) across nations. The immunity may be only partial, but that can be the difference between life and death.

    The basis of resistance to covid-19 in children is unclear, probably related to unknown differences in their immune responses. Cytokine storm, partially blocked by glucococorticoids, is often what kills most old patients in late stage serious covid-19 cases. China early on noted no deaths in children despite lung CAT scans and other imaging showing clear evidence of the disease. Their symptoms are generally very mild, and it is surprising that media and many pediatricians have tried to emphasize their vulnerability, since it is very low and their sequelae are no worse than with most infectious childhood diseases. Multisystem inflammatory syndrome in children (MIS-C) appears to be what is called Kawasaki Syndrome in Japan (and Toronto?) a syndrome caused by a variety of seasonal viruses in Japan, with fever, rashes, some vasculitis and swelling of hands and feet and extremities. It is easily treated with glucocorticoids, aspirin, and sometimes immunoglobulins and should never by fatal. An oddity in children is that they seem to produce lots of virus (somehow inactivated?) but are very rarely infectious to others. There is a slow incomplete change in susceptibility by late teens and like most young healthy adults are unlikely to die or even have serious responses (truly like the common cold or flu, except for hypercoagulation in some covid-19 infected individuals. It is not clear if this results from a vasculitis from the virus, or is mostly due to immune responses (particularly acute phase proteins).
    We are learning much, and by now the science of the children’s responses should be better understood. However, since they are not the target of covid-19, they are tangential to the problem.
    In comparison flu seems a childhood disease.

    • Agree: Iris
    • Thanks: Wizard of Oz
  125. @denk

    When the U.S.A slaughters and starves millions of it’s own citizens, I’ll agree.
    Of course the way things are going, that might just be coming soon. We’ll see.
    If the U.S. is worse than China, the Chinese wouldn’t be swamping U.S. universities with their kids, or defecting from China to live here. Actions speak louder than words.

    • Replies: @denk
  126. @TheTrumanShow

    Yes, I know. I’ve seen it. I tried to state earlier that it is possible to find at least one study, one expert, to support any position. But that isn’t sufficient to claim that the world has seen “explosive rates” of suicide, domestic violence, overdoses, and depression” for which the lockdowns were “directly responsible”.

    China had the most firm lockdowns and quarantines in the world, and the only negative reports of consequence were a couple of newspaper articles that couples were fighting more than usual as a result of being cooped up together for so long. But China, as only one example, experienced no “explosive” rate of anything. Nor did any other country, to the best of my knowledge.

    And the UK wasn’t much of a lockdown by any measure, so to blame increases in various social problems on those limited measures, is a stretch.

    I am not denying that some stress could result in problems, but again there is no evidence of “lockdowns” producing “explosive rates” of anything.

    • Replies: @Da's Reich
  127. @AnonCN

    I think you are slightly missing the target. Starting, as the virus spread seems to have started, with Wuhan makes sense but he seems to be applying assumptions about behaviour, decisions and motives which are the sort you adopt when you want to make partisan political points with no allowance for fairness or discrimination in your audience. Not that I would exclude the possibility of a malicious or callous decision at the top level of the CCP govrrnment. Would you?

    • Replies: @Sean
  128. It wouldn’t be surprising that the edict to ban Jews from all occupations save money lending was in fact concocted by Jewry itself with the help of a few corrupt cardinals and a pope or two … how else would the Jew enjoy the life of leisure while the donkeys are working their tuchus off to put bread on the table? It’s all fixed!

  129. Shaman911 says:

    And the JEWS own it all!

  130. Sean says:
    @Wizard of Oz

    We are under no obligation whatsoever to give China the benefit of the doubt; it would entail proceeding under the assumption that the Chinese can be trusted as much now as they could a year ago. Although we will never know as Lipkin said, the precautionary principle looms large. It seems to me the Chinese did a much better job of halting the spread of covid from Wuhan to the rest of China than from China to the rest of the world, and being members of the World Health Organisation they had certain responsibilities to the rest of the world which they failed to discharge..

    I am not at all convinced that good faith can be assumed on the part of China in the case of Fentanyl manufacture. Xi being unable to halt the spread of Fentanyl abuse in the West , yet able to prevent it in China is dubious, especially as Fentanyl manufactures of Wuhan were making a lot of money within Chinese law ror six years while Western governments were asking for it to be outlawed, which it wasn’t until 2019,

    Warheadization of thermonuclear weapons is something the North Koreans could have in principle done themselves I suppose, but it is now known that Chinese components are at the microprocessor heart of North Korea’s new ICBM. Kim is on diplomatic ice, but were Trump to win re-election you would be hearing much about China pet ‘rogue state’. Whether Xi decides everything or no person or group is deciding on the aforementioned phenomena is beside the point. China is at a critical mass having reached the point where it is having a certain effect of the rest of the world, especially the West. And with every year that impact is becoming more deleterious.

    • Replies: @Anonymous
  131. Anonymous[164] • Disclaimer says:
    @Sean

    We are under no obligation whatsoever to give China the benefit of the doubt; it would entail proceeding under the assumption that the Chinese can be trusted as much now as they could a year ago. Although we will never know as Lipkin said, the precautionary principle looms large.

    But that goes for both sides, no? I think that was Wizard’s point.

    From an objective, 3rd party point of view, just as the US can’t be expected to give China the benefit of the doubt, China can’t be expected to give the the US the benefit of the doubt. Just as the US may entertain the idea that China deliberately spread the virus outside of China, surely China may entertain the idea that the US introduced the virus as part of an attack, especially in light of the US’s recent more aggressive and belligerent stance towards China.

  132. FoSquare says:

    Once again, vast quantities of debt-laden money are being created without the informed consent of those on whose shoulders the vastly increased loads of debt are falling.

    This quote reminds me of the charge levelled by Christ against the scribes and Pharisees in Matthew 23:4:

    “For they bind heavy burdens and grievous to be born, and lay them on men’s shoulders; but they themselves will not move them with one of their fingers.”

    This accusation refers to the burden of usury. It is backed up by this additional indictment in Matt. 23:14:

    “For ye devour widows houses, and for a pretense make long prayer: therefore you shall receive the greater damnation.” The subprime mortgage debacle in a nutshell.

    And more damning (Matt. 23:15): “For ye compass sea and land to make one proselyte, and when he is made, ye make him twofold more the child of hell than yourselves.” Today we call it Globalism, or the New World Order, or the Global Reset. Or in more plainspoken language, usury is the deadly Virus that plagues the world today.

    Christ was monetarily-aware. Sadly, the Christian clergy is monetarily ignorant, and suborned by mammon.

  133. C3PO says:

    https://www.congress.gov/bill/116th-congress/house-bill/748/text/ih

    If the CARES act was in response to the COVID 1984 crisis why was it introduced in the US Congress House of Representatives on 1/24/2019?

  134. denk says:
    @Vinnyvette

    Kent State

    Waco

    911
    [3000]

    USAF killed at least 30 millions third world peasants since WW2

    Something to be proud of….?

    —————-
    P.S.
    Im still waiting for your answer…
    https://www.unz.com/jderbyshire/united-states-of-antifa-converging-on-peoples-republic-of-china/#comment-4106952

  135. Sam J. says:
    @Bardon Kaldian

    The raw audacity of this nonsense is amazing to behold.

    “…As I’ve said for some times- this is wrong. Not to mention that many Jews are rabble-rousers, but to ascribe to them to have influenced events that would have happened with or without them.

    Basically, it is about one’s perception of history, not about whether Jews (or Chinese, or English,..) are “good” or “bad”…”

    Why the Jews are not good or bad they just…happened. Or so the Jews say.

    “…As regards Jews …most suicidal moves in these societies were caused/provoked/influenced? by popular culture of Beatles…”

    So the Beatles caused 9-11, ripped us off with their FED banking system. Used their FED banking system to leverage takeover damn near the whole industry of the US, move the manufacturing to China and then buy up the rest with zero interest loans from, their, once again, Jew FED, while passing the debt onto us for their rapacious behavior during the housing crisis and every other crisis they started?

    Let’s run some numbers on that. They got $29 Trillion then another $9 Trillion why that’s $460,606 per family of four in the US and that’s not even talking about the $20 Trillion or more we can’t account for and I expect wound up in their pockets. Where’s my $460,606 interest free loan? I suspect if we would have let every bank in country go bankrupt and start new ones while giving every family $460,606 interest free that the economy would have roared. We could start new banks with all capital coming from the government and the banks only getting an origination fee.

    But of course that’s not “good or bad” it just happened.

    “…Or in recent cases Antifa rabble, which any ordered society can settle in an hour….”

    Oh it’s readily apparent that antifa is ordered and that we live in an ordered society the problem is the Jews order it.

    I think people will see that really there’s only one solution to our problems. Get rid of the Jews. You can not live with these rapacious greedy bastards.

    I’m not saying every single Jew is a psychopath but if a bunch of Jews move into your territory there is no discernible difference between them as a group and a tribe of psychopaths moving into your country. The advice psychologist have come up with to deal with psychopaths is to get rid of them. Get them away from you and allow them no say so at all in your affairs and that’s the only way we will be free of the perfidy of the Jews and their evil pedo blackmailed symbiotes. If we are to survive we are going to have to get rid of the Jews.

    Of course the Jews won’t go. I expect they will lie and coerce to the end. I don’t think they’ll win. Already some suburb folks are already starting to shoot at their pet antifa. Yes he will be put down but they will learn. Next time they shoot at them they will be hidden and masked. They will knock off 10 or 20 of them and then exfiltrate.

    They expect the army to be their enforcers but they don’t have the man power. Just one State, Pennsylvania, has more hunting license permits every year than there are soldiers in the whole army and the Army has a 1 to 20 tooth to tail. There’s just not enough to go around. All the helicopters and armored personal carriers in the world won’t do any good if they have no one who will stand up to be shot at. And if punishment is the order of the day how long will our army shoot civilians whenever the Jews order them to?? How long before they turn on the Jews?? Not fucking long.

    Don’t lose faith people the Jews have been thrown out of every single country they have ever gone to for thousands of years. I suspect that time is near in the US. Prepare for it. Save food, water and medical supplies for the time when they torpedo everything and then…get rid of the Jews.

    The Jews must go. Peacefully if we can get it but be any means necessary they must go.

  136. Sam J. says:

    Mr. Hall this is a most excellent and fairly comprehensive report on our state of affairs and how we got here. It’s very good. I and many others here know about a lot of this or parts of it but I don’t think I’ve ever seen an article wrapping it all up so nicely like this. Thanks.

    I would only have one small quibble in that I think it was Catherine Austin Fitts that first found out about all the missing money when she ran the HUD under George Bush jr. When she reported to the job she found they had no actual accounting at all. After much fuss she got some sort of accounting but hardly complete. She would go to addresses that had huge loans for housing projects and find…nothing was there at all. Shortly after this they got rid of her and tried to ruin her. She has an excellent site at,

    https://home.solari.com/

    As for solutions to these problems to start we need to bring back hanging, drawing and quartering and the guillotine.

    • Replies: @Tony Hall
  137. Sam J. says:
    @The Real World

    “…About 6 weeks later, with the known symptoms more specifically and publicly defined, I realized Covid is probably what I had. The bad news? It appears to not be gone. I’ve now had at least two flare-ups that last about 2 days each. Not happy about that. Something residual is still there. Flus and colds don’t do that…”

    You really need to read this link.

    Ivermectin (IVM) has been shown near 100% effective rate in reversing Covid-19.

    https://forums.livescience.com/threads/ivermectin-has-been-shown-very-effective-against-covid-19-infections-why-is-no-one-talking-about-it.3278/

  138. Tony Hall says:
    @Sam J.

    Catherine Austin Fitts. I take her prolific intellectual work extremely seriously. Ms. Fitts has access to to overviews of enormous scope. She can connect many many dots, many of them possessed of major contemporary importance. As for guillotines, chop chop, no way.

  139. Tony Hall says:
    @Anonymous

    @Disclaim and
    @Michael888

    Thanks to you both for picking up my mistake in connecting the PCR test with the identification of antibodies. My bad. I have corrected the error in the text of “Lockdowns, Coronavirus and Banking.”

    In making the correction I brought forward a very significant article by Celia Farber who reflects on the current controversies over tests for COVID-19 and those connected to the HIV AIDS controversy. This controversy, it seems to me, remains unresolved to this day. The professional disagreement helped to bring to power Anthony Fauci, one of Big Pharma’s most self-serving lobbyists inside the federal government. Among those on the other side of the issue were Peter Duesberg, Judy Mikovits and Kary B. Mullis, the inventor of the PCR procedure. Celia Farber offers up a wealth of insight setting the genesis of the PCR procedure in its proper historical context.

    https://uncoverdc.com/2020/04/07/was-the-covid-19-test-meant-to-detect-a-virus/

  140. Sulu says:
    @Robert Dolan

    It’s the jews, stupid.

    Every fucking time!

    Sulu

  141. Goyboy says:
    @Tony Hall

    @Tony Hall
    Whether the pandemic is real or not and that also applies to the virus, you’ve outlined very well those who are benefitting from the lockdown and who and what is behind it.

    Let’s hope this written work is read by the people who can effect change, i,e, our elected leaders of other countries other than the USA which appears to me to be completely overtaken by this evil parasite.

    Perhaps the vaccine and possibly even the virus test itself is designed to eliminate many who are awake and many who are not.

    Looking forward to your next article

    • Thanks: Tony Hall
  142. @Robert Dolan

    Isn’t that the truth. You have to give them credit.

    It’s game, set, match for the parasite guild that comprises less than one percent of the world’s population.

  143. @Emslander

    OK, there are a few goys along for the money.

    But it’s mostly and wildly disproportionately Jews. For sure.

  144. Thank you Tony Hall for the great article.

    Nothing in our corrupt society will change until we have honest money.

    All Roads Lead to the City of London.

    • Agree: Iris
  145. FoSquare says:
    @Robert Dolan

    It was William Gladstone, 19th century Prime Minister of England, who coined the term “Money Power”.

    “From the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.”

  146. Thesis, antithesis, synthesis.

    Standard Western M.O.

  147. @Larry Romanoff

    In Ireland, the HSE (Health Service Executive) stopped keeping data on suicides when the lockdown happened,

    An innocent mistake?

    I would suggest that from the off, those in charge of our health service started covering their asses,

    A huge article, a lot to digest but stopping life as we know it is bound to have a detrimental health impact on the populace,

    The data will emerge in time, too late for many, but it will emerge.

    • Thanks: Tony Hall
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