Category Archives: Banking & Finance

The Root Causes of the Current Unfolding Systemic Financial Collapse of the West

Sergey Glazyev’s thinking is rooted in an old and powerful intellectual current that derives from a strong tradition in Russia based upon state credit, national sovereignty, large-scale infrastructure, scientific progress, and win-win cooperation.

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“Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls

European energy companies are facing margin calls of a total of $1.5 trillion in the derivatives market and many would need policy support to cover them amid wild swings and skyrocketing gas and power prices, an executive at Norway’s energy major Equinor told Bloomberg on Tuesday. According to Helge Haugane, Equinor’s senior vice president for gas and power, the $1.5-trillion estimate is even “conservative”. 

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Triggering A Multi-Trillion Dollar Global Debt Crisis

“And thus it renders more and more evident the great central fact that the cause of the miserable condition of the working class is to be sought, not in these minor grievances, but in the capitalistic system itself.” Friedrich Engels, The Condition of the Working Class in England (1845) (preface to the English Edition, p.36)  

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Vatican Goes Full Technocracy With ‘Council for Inclusive Capitalism’

The idea that there is an agenda for global government among the financial and political elites of the world has long been called a “conspiracy theory” within the mainstream and the establishment media.

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The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy

“Take The Tragedy in Sri Lanka and Multiply By Ten”. We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the “true cost of capital.”

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This Financial Coup d’ Etat aka Great Reset is A Planetary Takedown by Financial “Insiders”

Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), contends this is what the so-called “reset” looks like. High food and fuel prices along with crushing interest rates are no accident. CAF explains,

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Beyond the Dollar Creditocracy: A Geopolitical Economy

Understanding of the dollar’s world role is dominated by the ideas of ‘dollar hegemony’ and ‘US hegemony’. In this paper, based on their extensive past work, Radhika Desai and Michael Hudson reveal how these ideas are ideologies, not theories.

They reveal an understanding that is theoretically sound and accords with the historical record, a geopolitical economy of the international monetary system of modern capitalism.

They begin with a theoretical outline of how money operates under capitalism. They then consider how capitalism needs world money and, at the same time, makes its stable functioning difficult.

They then go on to trace the fundamental instability of the modern international monetary systems based on national currencies of dominant countries, from the gold standard to the current volatile and predatory dollar-centred system, and their close connection to short-term and speculative.

“Weak growth in the global economy, low and negative interest rates, the risk of endless stagnation and rising inflation, and prospects for a prolonged recession are, unfortunately, part of the economic reality. Clearly, the globalisation-based financial supercapitalism model, of which the United States was a beneficiary for quite a long time, and which relied on endless lending and financialisation, which turned the commodity markets into financial ones, has run its course.”

–         Alexander Losev from the Preface

Valdai-Paper-116

Download: https://geopolitics.co/wp-content/uploads/2022/06/Valdai-Paper-116.pdf

Radhika Desai is a Professor at the Department of Political Studies and Director, Geopolitical Economy Research Group, University of Manitoba, Winnipeg, Canada.

Michael Hudson is a Veteran of Wall Street; Distinguished Research Professor of Economics at the University of Missouri at Kansas City (UMKC).

Janet Yellen Declares World Bankers’ Dictatorship

On April 13th, Treasury Secretary Janet Yellen gave a speech at the Atlantic Council in Washington. In the speech, “On the Way Forward for the Global Economy,” Yellen chillingly sketched the new “globalist order” she fantasizes will emerge from the Biden Administration’s provoked war with Russia in Ukraine—while portraying herself literally as “the world.”

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UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System

The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.

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Lobotomized Economists Clash on the Deck of the Titanic

As the geniuses running the western financial bubble sometimes called an “economy” continue to double down on their obsession to pump a dead financial system with ever more trillions in stimulus spending, arguments are raging among brainwashed economists living in denial over the oncoming systemic collapse.

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US FinCen About to Control Global Financial Data

Washington is about to control the data of all financial transactions in the world. With the objective of combating financial crimes, the American government is about to pass a law that greatly expands the inspection power of financial regulatory agencies, which will have the freedom to use new technologies that allow them to supervise operations outside American territory.

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Beijing Greenlights Purchases Of Billions In Bullion

In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract.  These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.”

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WEF Warns Of Cyber Attack Leading To Systemic Collapse Of The Global Financial System

If the pandemic represented stage one of Technocracy’s coup d’etat, then there remains a grand finale yet to come. Now the World Economic Forum is preparing for a massive cyber attack leading to the collapse of the global financial system. This could complete the “Great Reset” where everything flips. ⁃ TN Editor

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Russia, China Need to Move Away from Dollar to Reduce Risks of U.S. Sanctions

Russia and China need to work to further reduce their dependence on the dollar and switch to national currencies for trade in order to alleviate the risks of US sanctions, says Russia’s top diplomat.

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Vatican is Going Bankrupt from Decades of Financial Corruption

Over the past decade at least, financial scandals involving theft and money laundering hounded the Holy See’s Secretariat of State and its Financial Information Authority. Ongoing financial reforms made under the current CEO Bergoglio are not enough to improve its cash flow.

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The Back Door To Universal Basic Income

The road to hell, an old adage holds, is paved with good intentions. And it may be that the route to successfully implementing objectionable policies is forged by simply not naming them. It should come as no surprise that crises accelerate the adoption, or at least the consideration, of what were once borderline proposals.

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The Companies Where Employees Most Often Get Payday Loans

Payday loans are used by people who need money fast, who often have no other way of borrowing money to cover an unexpected expense. The benefit of these kinds of loans is they enable you to meet your immediate financial obligations. The risk, however, is you are taking on debt and incurring future obligations that require future income to fulfill.

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