But this simply saddled consumers with massive debt, generating debt deflation by reducing their disposable incomes.
Unable to borrow more, middle-class consumers then turned to the equity in their homes–money meant for retirement–and drained that, leaving them even more indebted with even less collateral to show for it.
THE RESET
By 2019, the need for a reset of capitalism, outlined in dozens of vision decks created by global institutions and think tanks, felt more urgent than ever.
A global pandemic provided the rationale for the reset. Interestingly enough, the pandemic had been predicted and war-gamed regularly for two decades, raising the question of whether it was deliberate or not.
After all, the virus was said by a number of scientists to bear the hallmarks of modified virus, the very kind of work being done by gain-of-function programs in Wuhan, China, where the virus allegedly broke out.
In any case, the “Great Reset” was intended to transition to a new form of capitalism: surveillance capitalism. In other words, a kind of capitalism whose driving force was the monetization of data collected by surveilling the behavior of citizens, who would receive nothing in return for supplying capital with all this valuable information.
Surveillance capitalism is built on a digital foundation. After all, the more digitized the world becomes, the more data is produced by people, the more opportunities arise to monetize the data.
The holy grail of data collection has long been a universal digital ID that could be identified across different channels, from websites to mobile phones to apps, etc. Your data consolidated into a singular profile.
It became obvious to elites that a health passport provided an excellent opportunity to fast-track the introduction of a global identification system, something the UN had previously hoped to implement by 2030. As Paul Kingsnorth notes:
The WHO is currently negotiating with nation states, regional blocs and corporations to agree on the standards for global harmonization of digital passports: New tools developed as part of WHO efforts are almost ready. By the end of 2021, the DDCC Gateway (PKI) beta reference software is expected and a Universal Status Checking app beta, using Google Android FHIR SDK and based on the EU DCC … It is intended to be able to recognize all the health pass QR code formats being used worldwide.”
Indeed, the WHO has just hired Deutsche Telecom to set up a global health passport system. In time, these singular IDs will incorporate your health, banking, and other consumer records, accessible to the state, and which will serve as your key that unlocks social privileges for you, with the large caveat that you are thoroughly compliant with state dictates, whatever they may be.
DON’T WORRY, BE HAPPY
To the uncritical eye this all seems very benign. What’s wrong with a digital wallet? So convenient. Everything contained in one’s mobile. No more physical wallets stuffed with discount cards, multiple IDs, credit cards, dirty cash, and so on.
True enough, but what is so alarming for so many is the realization that in a digital world the government will have de facto totalitarian control over our individual lives. And not just our government—a global government.
They will possess the details of every dollar we spend. They will know our whereabouts at all times. They will have access to every message we send. They will know our travel plans. Nothing will be alien to them.
As such, they will be able to suspend our lives on a whim or based on some perceived form of non-compliance. Such as not having received your latest vaccination. Or not having paid your taxes (which will be scrupulously tracked).
The ability of individuals to challenge and change their governments will be greatly reduced by the shackles of digital life.
This is not unlike the Chinese social credit system, subject of much debate in the West. Is it a people-first platform, or is it Big Brother incarnate?
It is my opinion that the West recognized the efficacy of Chinese authoritarianism and social system and decided to follow it filtered through the harsh lens of exploitative western capital.
Another high integrity patriot, former BlackRock portfolio manager Edward Dowd, is speaking out about the real motivations behind the pandemic, which he believes aren’t about COVID at all. Instead, it’s all about money — specifically a global debt problem and an imminent global collapse of the financial industry.
During his career, Dowd witnessed two bubbles — corporate fraud and then bank fraud — and now he believes we’re in the third bubble, which involves central banks and governments.1
“A lot of the regulatory agencies have been captured by deep-pocketed money interests, and so we have to spread the word and awareness through educating people, because the governments aren’t going to come and rescue us this time. We, the people, are going to do it, I believe,” he says.2
Dowd became suspicious of COVID-19 shots early on, as he reviewed data on side effects from the Vaccine Adverse Event Reporting System (VAERS). “These jabs kill people and they maim people. That’s my personal belief, and I think I’m 100% correct,” he says.3
Dowd has been analyzing data about mortality rates before and after COVID-19 shots became widespread, and found that death rates worsened in 2021 — after the shots became prevalent — compared to 2020, particularly among non-COVID-related deaths among young people.
For instance, Scott Davison, the CEO of Indiana-based insurance company OneAmerica, reported the death rate for 18- to 64-year-olds has risen 40% compared to before the pandemic.4
Further, insurance companies citing higher mortality rates include Hartford Insurance Group, which announced mortality increased 32% from 2019 and 20% from 2020 prior to the shots. Lincoln National also stated death claims have increased 13.7% year over year and 54% in quarter 4 compared to 2019.5 Dowd tweeted:6
Further, Dowd pointed out “a spike in mortality among younger, working-age individuals coincided with vaccine mandates. The spike in younger deaths peaked in Q3 2021 when COVID deaths were extremely low (but rising into the end of September).”7
Dowd also reported data from public funeral home company Carriage Services, which announced a 28% increase in September 2021 compared to September 2020, while August had a 13% increase. He tweeted:8,9
The pandemic was the perfect cover for central banks to print money for an “emergency,” Dowd said.10 “Under the cover of Covid they were able to print 65% more money to keep this thing afloat, but we’re at the end days here.”11After the Great Financial Crisis, the decision was made to increase the money supply, but for every dollar you create, you create a dollar in debt, which then gets multiplied across the globe.
This debt-based financial system is unsustainable and Dowd believes it’s on the brink of collapse. “My overarching thesis is that we have a global debt problem, and after the Great Financial Crisis (of 2007-2008), all the central banks and the governments started pumping money into the system.”12 Since 2008, the central banks have cooperated to keep the debt bubble afloat — he used the example of negative yielding bonds in Europe — but it can’t stay afloat forever.
Restrictions on travel, vaccine passports and rampant censorship enacted as measures to control the pandemic are all a global way to control the collapse and its aftermath, Dowd believes, put in place under the guise of medical care:13
“That’s what I would do if I was anticipating a global debt problem,” he added.14 When asked whether the collapse is guaranteed, Dowd said, “Absolutely, it’s just a matter of time.” He didn’t want to speculate on whether the collapse would be this year, next year or at another point in the future, but believes it will be sooner rather than later. Still, he stressed that people shouldn’t run out to make investment decisions based on this prediction.
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