All along we’ve been inevitably and unconsciously marching towards the elite’s dystopian delirium of infinite money. For that reason, experts have been repeatedly warning that the shift to digital cash is merely the final strike for their ultimate plan to take over the world. In this video, we explain how the whole monetary system has been built for this moment – when the perfect crisis is creating the leverage they long-wished to finally impose the New World Monetary Order – one of which no one will be able to escape.
The 1929 market crash broke through the financial system, transforming what had been a roaring boom into a massive collapse. Governments used to fear that in the absence of a strong financial anchor like gold, the public wouldn’t trust in a piece of worthless colorful paper as a trade currency. In those days, the price of gold was at $20/ounce. However, everything changed when President Nixon closed the gold window in August 1971, ending the convertibility of the dollar to gold, and prompting all currencies to become fiat.
It didn’t take long for sellers and buyers to trade gold at whatever prices they saw fit. By 1980 gold prices hit a high of $875/ounce. Today, gold trades at $1,889/ounce. While hard-money advocates argue that the abandonment of the gold standard was the Original Sin that triggered a perpetual downfall for the dollar and the U.S. economy, others defend that it was necessary to maintain hegemony on the markets.
The event of the broad adoption of fiat currencies has marked the beginning of a new era, in which several dynamics have changed in many different segments. However, economically, the main catalyst for this new monetary era was the decline of labor’s share of the economy in favor of capital. In other words, those who had only their labor to sell lost their purchasing power, while those who could borrow or access capital had benefited enormously.
This “capital-friendly era” was boosted by financialization in the 1980s, technology in the 1990s, and globalization in the early 21st century. The polarity between financialization and globalization has generated and continuously inflated the 2008 bubble, and its burst almost took down the entire global capital house of cards.
The Fed’s response to the dotcom collapse was to finance central banks to the tune of $29 trillion. Evidently, they justified their decision under the typical pretext that it would be an “emergency measure”, but such reckless policies have become permanent a long time ago. This is why several analysts have been arguing that the global elites’ techno-fantasy of a completely centralized future isn’t actually a future plan. The Great Reset already happened in 2008-09.
When central banks joined efforts to issue unprecedented amounts of printed money and created policies to induce financial repression, including zero-interest-rate policies to avert the debt-bubble from popping, the global elites had confirmation that their hyper-centralization plan to control the global economy’s money was quietly and smoothly running.
The unsustainable demand for more liquidity has exhausted the economy, in a way that can only be fixed through the optimal solution they’ve thoroughly manufactured over decades: digital currencies. With virtual money, the potential to expand their wealth is infinite. But that of course, that wouldn’t happen without controlling everyone’s access to these currencies by an enhanced use of surveillance, as well as stimulating mistrust amongst the population in relation to the fiat currency. In a nutshell, the paper dollar collapse is a crucial part of this scheme.
Now, they have rebranded The Great Reset as the ultimate opportunity for the masses to have a Universal Basic Income, some of their debt wiped out, and receive some other foolish perks in exchange for their financial freedom. The timing couldn’t be more appropriate: the dollar is continuously losing its purchasing power, millions keep falling into poverty due to the inherent effects of the current health and economic crisis, the wave of American businesses bankruptcies and foreclosures never ceases to crash, and the nation has accumulated a trillion-dollar debt-burden. This was the final blow to our collective notion of money as something real. This is the establishment’s supreme power-hungry hysteria, and apparently, that’s what we have to fight against. Are you ready for this epic battle?
Epic Economist website: https://www.epiceconomist.com