WW3--Is It Official?

Conservative Treehouse has an important post up:

Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”

I read that in my feed reader and thought to myself, OK, Powell is acknowledging the inevitable outcome of the decoupling of Russia from the West—other non-Western countries will be looking for alternatives to the dollar, in various situations. The dollar will be one among several currencies serving as world reserve currencies to facilitate trade.

But no, that doesn’t seem to be exactly what he’s saying. Here’s the video clip from CTH. Powell says he’s “exploring” institution of a Central Bank Digital Currency (CBDC) as a step toward maintaining “the dollar’s international standing,” i.e., its dominant status:

CTH goes on to explain the fundamental cleavage between the WEF led West and the Russia/China/India led BRICS movement:

The BRICS team intended to create an alternative option for all the other nations [an alternative to the corporatist rule of the WEF]. An alternative to the current western trade and financial platforms operated on the use of the dollar as a currency.  Perhaps many nations will use both financial mechanisms depending on their need.

The objective of the BRICS group remains simply to present an alternative trade mechanism that permits them to conduct business regardless of the opinion of the multinational corporations in the ‘western alliance.’  The recent comments by Federal Reserve Chairman Jerome Powell, are accepted against this backdrop.  The financial contest is now between two sets of competing forces.

It’s not so much a “great reset,” it’s more akin to a global cleaving.

In hindsight the inflection point was COVID and all of the western government allies following the same economic lockdown and massive govt spending program demanded by the WEF assembly.  The western group planned to exit their spending crisis through the “Build Back Better” agenda, a new world economic structure based on renewable energy.

The people behind Joe Biden are collapsing the U.S. economy in the ongoing drive to attain this new economic transformation.  The American people are suffering through the consequences with massive increases in energy costs which are driving the costs of everything else, including food.

The immediately obvious problem, as it seems to me, is that there’s no way that the West can do this economic transformation on its own—it needs the resources from the rest of the world. It needs Russian oil and gas, at least for the time being; it needs other Russian resources (like, to make computer chips); it needs lithium and cobalt and rare earths, etc.; it needs China to make stuff for us, because we don’t make stuff any more; it needs India to do software work for us; it needs all the mineral resources of the rest of the world, including Africa. Here’s the general idea:

Rothmus 🏴 @Rothmus

Vince Langman @LangmanVince

This 👇

What this suggests is that the West needs to subjugate the rest of the world—to recolonize it. The Great Reset can’t work without the subjugation of the entire world. CTH speaks of a Great Cleavage, but if that were the case—if the West were content to let BRICS go its separate way—we wouldn’t be seeing the war on Russia, the constant saber rattling in the direction of China, and India. No, going one’s separate way can’t be an option:

The Great Reset: Turning Back the Clock on Civilization

The covid-19 pandemic featured an unprecedented fusion of the interests of large and powerful corporations with the power of the state. Democratically elected politicians in many countries failed to represent the interests of their own citizens and uphold their own constitutions and charters of rights. Specifically, they supported lockdown measures, vaccine mandates, the suppression of a variety of early treatment options, the censorship of dissenting views, propaganda, interference in the private spheres of individuals, and the suspension of various forms of freedom. All of these policies and measures were centrally designed by the social engineers of the pandemic.

Globalists, who are obsessed with societal control, decided to take advantage of the pandemic in order to increase their authoritarian power. Prominent among them was, Klaus Schwab, founder and executive chairman of World Economic Forum (WEF). In June 2020, he stated that “the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world.” According to him, “every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.”

It is no secret that the WEF has focused on accelerating the implementation of central planning for the entire global population since the early days of pandemic. This plan to establish a new world order, known as the Great Reset, was a key theme at the recent annual meeting of the WEF, which was held during May 22–26 in Davos, Switzerland.

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In other words, they want to design a societal order where sympathy and mutual assistance will be rendered obsolete and where every citizen of the world is equally powerless, poor, and isolated, so that people will be unable to oppose the organized strength of global governance and become dependent on governments and their allies for their survival. Eventually, nothing will protect citizens any longer, and citizens will no longer protect themselves.

Social engineers of the WEF are essentially advocating for natural freedom, which would allow the strong to exercise their power while subjugating the weak. In doing so, they are basically calling for the world to move backward in the development of human history toward the reinstitution of feudalism and slavery. …

Do yourself a favor and read it all.

Brandon Smith sees something similar:

The Engineered Stagflationary Collapse Has Arrived – Here’s What Happens Next

Hint: You’re not going to like what happens next.

Basically, Smith is saying that we’ve reaching the end of a years long financial policy process. The choices we are left with are stagflation or deflationary depression.

It’s clear today what the Fed has chosen. It’s important to remember that throughout 2020 and 2021 the mainstream media, the central bank and most government officials were telling the public that inflation was “transitory.” Suddenly in the past few months this has changed and now even Janet Yellen has admitted that she was “wrong” on inflation. This is a misdirection, however, because the Fed knows exactly what it is doing and always has. Yellen denied reality, but she knew she was denying reality. In other words, she was not mistaken about the economic crisis, she lied about it.

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The Fed has known for years that the current path would lead to inflation and then market destruction, and here’s the proof – Fed Chairman Jerome Powell actually warned about this exact outcome in October of 2012:

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As we all now know, the Fed waited until their balance sheet was far larger and until the economy was MUCH weaker than it was in 2012 to unleash tightening measures. They KNEW the whole time exactly what was going to happen.

This actually fits in with what Mohammed El Erian has been saying, about Powell “waiting too long” (via CTH). The difference is that MEE thinks Powell has been inexplicably foolish in waiting too long whereas Smith think Powell was following a script:

It is no coincidence that the culmination of the Fed’s stimulus bonanza has arrived right after the incredible damage done to the economy and the global supply chain by the covid lockdowns. It is no coincidence that these two events work together to create the perfect stagflationary scenario. And, it’s no coincidence that the only people who benefit from these conditions are proponents of the “Great Reset” ideology at the World Economic Forum and other globalist institutions. This is an engineered collapse that has been in the works for many years.

The goal is to “reset” the world, to erase what’s left of free market systems, and to establish what they call the “Shared Economy” system. This system is one in which the people who survive the crash will be made utterly dependent on government through Universal Basic Income and one that will restrict all resource usage in the name of “carbon reduction.” According to the WEF, you will own nothing and you will like it.

Again, please note that the goal Smith sees is a “reset” of the entire world—not just of the cleaved off West. The entire world must be subjugated to this Great Reset. They do call these people “globalists”, right?

Who’s right? Tom Luongo, whom I quote a lot, thinks that Powell and Jamie Dimon—who has been warning of a coming “economic Hurricane”—are actually at war with the EU, which would suggest collapsing the WEF, too. I can’t tell you who’s right, but one way or another momentous events are headed our way.