Monopoly: An Overview Of The Great Reset - Follow The ...By  - 15. April 2021

If you’ve been wondering how the world economy has been hijacked and humanity has been kidnapped by a completely bogus narrative, look no further than this video by Dutch creator.

Covid Lie

What she uncovers is that the stock of the world’s largest corporations are owned by the same institutional investors. They all own each other. This means that “competing” brands, like Coke and Pepsi aren’t really competitors, at all, since their stock is owned by exactly the same investment companies, investment funds, insurance companies, banks and in some cases, governments.

This is the case, across all industries. As she says:

“The smaller investors are owned by larger investors. Those are owned by even bigger investors. The visible top of this pyramid shows only two companies whose names we have often seen…They are Vanguard and BlackRock. The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly.

A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.

Bloomberg calls BlackRock “The fourth branch of government”, because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses. Many BlackRock employees were in the White House with Bush and Obama. Its CEO. Larry Fink can count on a warm welcome from leaders and politicians. Not so strange, if you know that he is the front man of the ruling company but Larry Fink does not pull the strings himself.

BlackRock, itself is also owned by shareholders. Who are those shareholders? We come to a strange conclusion. The biggest shareholder is Vanguard. But now he gets murky. Vanguard is a private company and we cannot see who the shareholders are. The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig.

Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%. Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%.


In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution. Why doesn’t everybody know this? Why aren’t there movies and documentaries about this? Why isn’t it in the news? Because 90% of the international media is owned by nine media conglomerates.

Covid Lie asks, “Who sponsors the organization and press agencies that produce our news? With Project Syndicate, we see the Bill and Melinda Gates Foundation, the Open Society Foundation and the European Journalism Centre. The organizations that bring the news get paid by non-profit organizations, of the same elite that also owns the entire media but also a part of taxpayers money is used to pay them.”

Or, as George Carlin said, “It’s a small club and you ain’t in it.”

So when Lynn Forester de Rothschild wants the United States to be a one-party country (like China) and doesn’t want voter ID laws passed in the US, so that more election fraud can be perpetrated to achieve that end,what does she do?

She holds a conference call with the world’s top 100 CEOs and tells them to publicly decry as “Jim Crow” Georgia’s passing of an anti-corruption law and she orders her dutiful CEOs to boycott the State of Georgia, like we saw with Coca-Cola and Major League Baseball and even Hollywood star, Will Smith. In this conference call, we see shades of the Great Reset, Agenda 2030, the New World Order.

The UN wants to make sure, as does Schwab that in 2030, poverty, hunger, pollution and disease no longer plague the Earth. To achieve this, the UN wants taxes from Western countries to be split by the mega corporations of the elite to create a brand new society. For this project, the UN says we need a world government – namely the UN, itself.

And it is clear that the “pandemic” was orchestrated in order to bring this about. This video does an incredible job of explaining how it is all being done.


As you are watching millions fall into poverty because of the corona measures of the past year, even if the greatest economic crisis in history has not affected you yet, it will only be a matter of time until the rippling effects will hit you, as well

This is not fear-mongering but it’s a harsh reality. I also think we might mitigate the damage and may even do better, provided we are informed correctly about our situation. This is why I would like to show you a few facts you can easily check facts that are of crucial importance.

Less than a handful of big corporations dominate every aspect of our lives. That may seem exaggerated but from the breakfast we eat to the mattress we sleep on and everything we wear and consume in between is largely dependent on these corporations.

Those are huge investment companies that determine the course of money flow. They are the main characters of the play that we are witnessing. I know your time is valuable, so I summarize the most important data.

How does it work?


Let’s take Pepsico as an example. It is the parent company of many soda companies and snack companies. The so-called competitive brands are from factories from a few corporations who monopolize the entire industry. In the packaged food industry, there are a few big companies, like Unilever, the Coca-Cola Company, Mondelez and Nestlé.

In the picture, you see that most brands in the food industry belong to one of these corporations. The big companies are on the stock market and have the big shareholders in the board of directors.

On sources like Yahoo Finance, we can see detailed company info, such as who the biggest shareholders actually are. Let’s take Pepsico again, as an example. We see about 72% of stock is owned by no less than 3,155 institutional investors. These are investment companies, investment funds, insurance companies, banks and in some cases, governments.

Who are the biggest institutional investors of Pepsico? As you can see, only 10 of the investors own together nearly one third of the stock. The top 10 of investors together amount to a value of $59 billion dollars but out of those ten, only three own more stock than the other seven. Let’s remember them and look up who owns the most stocks of the Coca-Cola Company, the biggest competitor of Pepsi.

The biggest lump of stock is again owned by institutional investors. Let’s look at the top 10 and start at the bottom six of them. Four of these institutional investors we also saw at the bottom six of Pepsico. These are Northern Trust, JPMorgan-Chase, Geode Capital Management and Wellington Management. Now, let’s look at the four biggest stock owners. They are BlackRock, Vanguard and State Street. These are the world’s biggest investment firms, so Pepsico and Coca-Cola are not competitors, at all.

The other big companies that own a myriad of brand names, like Unilever, Mondelez and Nestlé are from the same small group of investors. But it’s not only in the food industry that their names come up. Let’s find out on Wikipedia, which are the biggest tech companies.


Facebook is the owner of Whatsapp and Instagram. Together with Twitter, they form the most popular social media platforms. Alphabet is the parent of all Google companies, like YouTube and Gmail but they are also the biggest investor in Android, one of the two operating systems for nearly all smartphones and tablets. The other operating system is Apple’s IOS. If we add Microsoft, we see four companies making the software for nearly all computers, tablets and smartphones in the world.

Let’s see who are the biggest shareholders of these companies. Take Facebook: we see that 80% of the stock is owned by institutional investors. These are the same names that came up in the food industry; the same investors are in the top three. Next, is Twitter. It forms with Facebook and Instagram the top three. Surprisingly, this company is in the hands of the same investors, as well. We see them again, with Apple and even with their biggest competitor, Microsoft.

Also, if we look at other big companies in the tech industry that develop and make our computers, TVs, phones and home appliances, we see the same big investors, that together own the majority of the stock. It’s true for all industries. I’m not exaggerating.


One last example, let’s book a holiday on a computer or smartphone. We search for a flight to a sunny country on Skyscanner or Expedia. Both are from the same small group of investors. We fly with one of the many airlines. Many of which are in the hands of the same investors and of governments, as is the case with Air France, KLM. The plane we board is, in most cases a Boeing or an Airbus, also owned by the same names. We book through or AirBnB and when we arrive we go out for dinner and place a comment on Tripadvisor.

The same big investors show up in every aspect of our trip and their power is even bigger, because of the kerosene is from their oil companies or refineries. The steel nd luminium from which the plane is made comes from their mining companies. This small group of investment firms and funds and banks are namely also the biggest investors in the industry that dig for raw materials.

Wikipedia shows that the biggest mining companies have the same big investors that we see everywhere. Also, the big agricultural businesses, on which the entire food industry depends; they own Bayer, the parent company of Monsanto, the biggest seed producer in the world but they are also the shareholders of the big textile industry. And even many popular fashion brands who make the clothing out of the cotton are owned by the same investors.

Whether we look at the world’s biggest solar panel companies or oil refineries, the stocks are in the hands of the same companies. They own the tobacco companies that produce all the popular tobacco brands but they also own all big pharmaceutical companies and the scientific institutions that produce medicine. They own the companies that produce our metals and also the entire car, plane and weapons industry, where a great deal of the metals and raw materials are used. The own the companies that build our electronics, they own the big warehouses and online markets and even the means of payments we use to buy their products.

To make this video as short as possible, I only showed you the tip of the iceberg. If you decide to research this with the sources I just showed you, then you will see that most popular insurance companies, banks, construction companies, telephone companies restaurant chains and cosmetics are owned by the same institutional investors we have just seen.


These institutional investors are mainly investment firms banks and insurance companies. In turn, they, themselves are owned by shareholders and the most surprising thing is that they own each other’s stocks

Together, they form an immense network comparable to a pyramid. The smaller investors are owned by larger investors. Those are owned by even bigger investors. The visible top of this pyramid shows only two companies whose names we have often seen by now. They are Vanguard and BlackRock. The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly.

A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost anything

Bloomberg calls BlackRock “The fourth branch of government”, because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses. Many BlackRock employees were in the White House with Bush and Obama. Its CEO, Larry Fink can count on a warm welcome from leaders and politicians. Not so strange, if you know that he is the front man of the ruling company. But Larry Fink does not pull the strings, himself.

BlackRock, itself is also owned by shareholders. Who are those shareholders? We come to a strange conclusion. The biggest shareholder is Vanguard. But now he gets murky. Vanguard is a private company and we cannot see who the shareholders are. The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig.

Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%. Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%.

Forbes, the most famous business magazine says that in March 2020, there were 2,095 billionaires in the world. This means that Vanguard is owned by the richest families in the world. If we research their history, we see that they have always been the wealthiest. Some of them, even before the start of the Industrial Revolution, because their history is so interesting and extensive, I will make a sequel.

For now, I just want to say that these families of whom many are in royalty are the founders of our banking system and of every industry in the world, these families have never lost power but due to an increasing population, they had to hide behind firms, like Vanguard, which the stockholders are the private funds and non-profits of these families.


To clarify the picture, I have to explain briefly what non-profits actually are. These appear to be the link between companies, politics and media. This conceals the conflicts of interests a bit. Non-profits, also called “foundations” are dependent on  donations they do not have to disclose who their donors are they can invest the money in the way they see fit and do not pay taxes as long as the profits are invested again in new projects. In this way, non-profits keep hundreds of billions of dollars among themselves according to the Australian government, non-profits are an ideal way of financing terrorists and of massive money-laundering.

The foundations and funds of the families that are the richest stay in the background as much as possible. For issues that get much attention, the foundation of philanthropists are used that are lower in rank but very rich.

I want to keep it short, so I will show you the three most important ones that connect all industries in the world. They are the Bill and Melinda Gates Foundation, the Open Society Foundation of the controversial multi-billionaire, Soros and the Clinton Foundation. I will give you a very short introduction to show you their power.

According to the website of the World Economic Forum, the Gates Foundation is the biggest sponsor of the WHO. That was after Donald Trump quit USA financial support to the WHO in 2020. So the Gates Foundation is one of the most influential entities in everything that concerns our health. The Gates Foundation works closely with the biggest pharma companies, among which are Pfizer, AstraZeneca, Johnson & Johnson, Biontech and Bayer.

And we have just seen who their biggest shareholders are. Bill Gates was not a poor computer nerd who miraculously became very rich. He’s from a philanthropist’s family that works for the absolute elite. His Microsoft is owned by Vanguard, BlackRock and Berkshire Hathaway. But the Gates Foundation, after BlackRock and Vanguard is the biggest shareholder in Berkshire Hathaway. He was even the member of the board there.

We would need hours if we wanted to uncover everything in which Gates, the Open Society Foundation of Soros and the Clinton Foundation are involved. They form a bridge to the current situation, so I had to introduce them.


We need to start the next topic with a question. Someone like me, who never makes videos can, with an old laptop objectively show that only two companies hold a monopoly in all industries in the world. My question is, why is this never talked about in the media?

We can choose daily between all sorts of documentaries and TV programs but none of them cover this subject. Is it not interesting enough or are there other interests at play? Wikipedia, again gives us the answer. They say that about 90% of the international media is owned by nine media conglomerates. Whether we take the monopolist Netflix and Amazon Prime or enormous concerns that own many daughter companies, like Time-Warner, the Walt Disney Company, Comcast, Fox Corporation, Bertelsmann and Viacom, CBS, we see that the same names own stocks.

These corporations not only make all the programs, movies and documentaries but also own the channels on which those are broadcast. So, not only the industries but also the information is owned by the elite.

I will show you briefly how this works in the Netherlands. To start with, all the Dutch mainstream media are owned by three companies. The first one is De PersGroep [DPG Media], the parent company of the following brands (. Apart from the many newspapers and magazines, they also own Sanoma, the parent company of some of the big commercial Dutch channels. Many media outlets from abroad, like VTM are also owned by the De PersGroep.

The second one is Mediahuis, one of Europe’s biggest media concerns. In the Netherlands, Mediahuis owns the following brand (see HERE). Until 2017, also Sky Radio and Radio Veronica were owned by Mediahuis, as were Radio 538 and radio 10.

And then there is Bertelsmann, which is one of the 9 biggest media firms. This company owns RTL, that owns 45 television stations and 32 radio stations in 11 countries. But Bertelsmann is also co-owner of the world’s biggest book publisher, Penguin Random House.

The stocks of these companies are owned by private funds of three families. Those are the Belgian Van Thillo family, the Belgian Leysen family and the German Bertelsmann-Mohn family. All three families sided with the Nazis in the War.

According to Wikipedia, for this reason, the Telegraaf, the Leysen newspaper was temporarily forbidden in the Netherlands after the war.


To complete this overview, look at where the news comes from. The daily news of all these media outlets the diverse news media do not produce news. They use information and footage from the press agencies, .ANP and Reuters. These agencies are not independent. .ANP is owned by Talpa, John de Mol. Thomson-Reuters is owned by the powerful Canadian Thomson family.

The most important journalists and editors working for these agencies are members of a journalism agency, like the European Journalism Centre. These are one of the biggest European sponsors of media-related projects. They educate journalists, publish study books, provide training spaces and press agencies and work closely together with the big corporations, Google and Facebook.

For journalistic analysis and views, the big media use Project Syndicate. This is the most powerful organization in the field. Project Syndicate and organizations like I mentioned are together with the press agencies. The link between all worldwide media outlets when news anchors reap from their autocues [teleprompters], chances are that the text stems from one of these organizations. That is the reason that worldwide media shows synchronicity in their reporting.

And look at the European journalism center, itself. Again, the Gates Foundation and the Open Society Foundation. They are also heavily-sponsored by Facebook, Google, the Ministry of Education and Science and the Ministry of Foreign Affairs.

Who sponsors the organization and press agencies that produce our news? With Project Syndicate, we see the Bill and Melinda Gates Foundation, the Open Society Foundation and the European Journalism Centre. The organizations that bring the news get paid by non-profit organizations, of the same elite that also owns the entire media but also a part of taxpayers money is used to pay them.

In Belgium, there are protests regularly, since Mediahuis and De Persgroep receive millions of euros from the government, while many are abroad…


Well, this was a lot to chew on and I tried to make it as short as I could. I only used examples that I thought were necessary to create a clear overview. This helps to better understand our current situation, that can shed new light on past events

There will be enough time to dive into the past, but now let’s talk about today but my goal is to inform you about the danger we are in now. The elite governs every aspect of our lives, also, the information we get and they depend on a coordination, cooperation to connect all industries in the world to serve their interests. This is done through the World Economic Forum, among others, a very important organization.

Every year in Davos, the CEOs of big corporations meet national leaders, politicians and other influential parties, like UNICEF and Greenpeace. On the supervisory board of the WEF is former Vice President, Al Gore, our own minister, Sigrid Kaag, Feike Sijbesma, Chairman of the Royal Dutch State Mines and the Commissioner of the Dutch bank, Christine Lagarde, the Chairwoman of the European Central Bank. Also, politician, Ferdinand Grapperhaus’ son works for the WEF.

Wikipedia says that the annual fee for members is 35,000 euros “but over half of our budget comes from partners who pay the cost for politicians who otherwise could not afford membership.”

According to critics, the WEF is for rich businesses to do business with other businesses or with politicians. For most members, the WEF would support personal gain instead of being a means to solve the world’s problems. Why would there be many world problems if the industry leaders, bankers and politicians from 1971 onwards have gathered every year to solve the world’s problems?

Isn’t it illogical, that after 50 years of meetings between environmentalists and the CEOs of the most polluting companies, nature is gradually doing worse, not better; that those critics are right, it’s clear, when we look at the main partners that together make up more than half of the budget of the WEF. Because these are BlackRock, the Open Society foundation, the Bill and Melinda Gates Foundation and many big companies, from which Vanguard and BlackRock own the stocks.

Chairman and founder of the WEF is Klaus Schwab, a Swiss professor and businessman. In his book, The Great Reset, he writes about the plans of his organization. The coronavirus is, according to him a great “opportunity” to reset our societies. He calls it “Build Back Better”. The slogan is now on the lips of all Globalist politicians in the world.

Our old society must switch to a new one, says Schwab. The people own nothing but work for the state to have their primary needs met. The WEF says it’s necessary for the consumption society the elite forced upon us is not sustainable anymore. Schwab says in his book that we will never return to the old normal and the WEF published a video recently to make clear that by 2030, we will own nothing but we will be happy.


You probably heard of the New World Order. The media wants us to believe that this is a conspiracy theory, yet it has been talked about by leaders for decades. Not just George Bush Senior, Bill Clinton and Nelson Mandela but also world-famous philanthropists, like Cecil Rhodes, David Rockefeller, Henry Kissinger and even George Soros.

The UN presented in 2015 their controversial Agenda 2030. It is almost identical to the Great Reset of Klaus Schwab. The UN wants to make sure, as does Schwab that in 2030, poverty, hunger, pollution and disease no longer plague the Earth.

Sounds nice but wait till you read the small print. The plan is that Agenda 2030 will be paid by us, the citizens. Just like they ask of us now to give away our rights for public health, they will ask us to give away our wealth to battle poverty. These are no conspiracy theories. It is on their official website. It comes down to this: The UN wants taxes from Western countries to be split by the mega corporations of the elite to create a brand new society. The new infrastructure, because fossil fuels are gone in 2030.

For this project, the UN says we need a world government, namely the UN, itself.

The UN agrees with Schwab that a pandemic is a golden chance to accelerate the implementation of Agenda 2030.

It is worrisome that the WEF and the UN openly admit that pandemics and other catastrophes can be used to reshape society. We must not think lightly about this and do thorough research.




  • If you look at who owns Blackrock you will find it is Vanguard, and if you look at who owns Vanguard you will find it is Blackrock…It isn’t two companies it is just one

  • Understand that trillionaires must mathematically exist. Check out big fortunes in 1920 and add 80+ years of modest 8% growth on those fortunes and they do balloon to tens or hundreds of trillions.
    Which in turn means the fortunes are kept secret with a utter ban on talking about them,

  • This author left out that the governments of the world, especially through pension funds, are the main institutional investors that invest in these corporations like Blackrock, State Street Corporation, etc.

    Government owns it all and controls corporations through corporate shareholder proxy voting, in other words, the main shareholder elects the board of directors, etc.

    Really, no credit to myself or to Walther Burien of CAFR1?

    No mention of the CAFR at all?

    You practically copied my movie’s script, but left out the most important part – THE SUBJECT – which is the CAFR and Government Wealth and ownership of all corporations!

    Here’s the bigger picture:

    The Great Pension Fund Hoax (The Corporation Nation Part2)



    • Alexandra Bruce

      This video was posted to the “COVID LIE” BitChute account, which appears to be managed by a woman in the Netherlands:

      I had no reason to suspect that she had plagiarized her material from you when I transcribed her voice-over. I somehow doubt that she did do so but if you have a problem, you can take it up with her by commenting on her video/s.

      I never took credit for this video or the specific research it contains.

      • Clint Richardson is one of the original and most in depth researchers on the government/corporate/banker mafia cartels. Clint’s work is very detailed and it’s great to listen to him in interwiews.
        However… the producer of this video might not have deliberately plagiarized Clint’s work… since anyone who does investigate the structures of corporate control will all come up with same conclusions… obviously.
        If Clint can show specific paragraphs of narrative or sequences of video clips that are copies of his own material.. then of course that’s a different story and then it would have been more appropriate to at least refer to Clint Richardson as the originator of the material.
        Not that I want to get in the middle of this issue… since I learnt a lot from this video and I have deep respect for Clint’s intense contributions on these subjects.

    • If you figured it out, don’t you think that others were capable of following the money? i mean, with over 7 billion people, I would think that a large number would be suspect of all of the so called coincidences of corporations suddenly working together for a so called common good that most people do not really agree with, and of those people, there would be many with the computer ability to do some investigating. Not trying to negate your work as it is obvious by the amount of information on your site that it was extremely time consuming and mind numbing.


  • Great presentation. I see 3 major issues:

    – you quote Oxfam, which is a Marxist organization controlled by … SOROS!
    – Oxfam famously was discredited when it was revealed that they were involved in child exploitation in Haiti and Africa
    – Oxfam attacked Israel for decades; this is why Soros is a persona non grata in Israel and why israel fully supports Hungary and Orban’s fight against Soros
    – Oxfam receives lots of government contributions, yet with all their preaching about how “unfair” the global economy is, they still spent about 1/3rd of their funds on their own management rather than their alleged causes, in a move typical for leftist hypocrites

    Secondly, there is a distinct anti-capitalist undertone to your video, which is sort of strange, given that the very people you attack promote Marxist BS! When you quote Oxfam, it’s almost as if you wer buying their Soros-propaganda…

    The WEF now publishes only “woke” cultural Marxism and eco-fascist garbage, in conjunction with China, which financed the “woke” indoctrination in the US and Europe with tens of billions of dollars, infiltrating

    Who launched Greta? The WEF.

    Who controls the IPCC, the UN climate institute? The oil industry! Don’t believe me? Look it up: 3 of 4 directors are all tied to the oil industry. The current general director is Hoesung Lee, a former Exxon manager. The previous general director, Pachauri, is an Indian railway engineer who used to work for the Indian petrol industry.

    So the entire climate panic is an integral part of the “Great Reset” and controlled by the same people.

    The same goes for all environment and health scares: real issues with pollution etc. are always local. Claiming that they are “global” is one of their tools used to gain power.


  • Absolutely and this:



  • About Vanguard Group: "The Vanguard Group is a privately-owned investment management company that was founded by John C. Bogle on May 1, 1975. Located in Malvern, Pennsylvania, Vanguard is the largest provider of mutual funds and is the second largest exchange-traded funds provider in the world after BlackRock’s iShares.”


  • The only way out is not participate in “their” society. Just to give an example are the Amish society, Menonites and others alike. They have teached us all along how to create a parallel society. Investing in companies shares is taking part on “their” game. Buying silver or gold with a manipulated prices doesn’t help. We might get on virtual coins. But also they still a limited option. But at least we are not taking part in “their” society. A piece of cloth painted in some colors (flag), a music saying we are from some land (nation anthem), a paper painted (bank notes) political party, everything is created by “them”. We are not citizen from anyone country (company) we are a living being made of flesh and blood. We are not members of anyone creation. The big lesson is from a native people. Here in Brazil they are living here for at least 50.000 years. They have kept everything as before. The man from Europe came along brought “their” destruction culture upon native ones. “Their” culture destroyed most of Americas, Africa, Asia, Oceania. This is the legacy of “these” people. Where they set a foot on they destroyed everything. We must clean our minds and reset our thoughs in order to create a parallel society, based on common goods and sharing. The communist never realized they are always working for these big corporations. We must learn from native people.


  • If you play the ostrich they will crush you, the only way is unity and resistance.


  • By the way, the ‘NEW WORLD ORDER’ began in 1871, and you all missed it! The Post Office took over the entire planet in 1871….for two cents!!!!! Everything in the world is governed by those who KNOW this fact.


  • You have misquoted a VERY famous line from a very famous person. George Carlin – “it’s a BIG club, and you aint in it”…..not a ‘small’ club.

  • War Drum Beating and COVID19 Pandemic false flag are used in instilling fear and cover-up of the World Corporate Government Bankruptcy and the impending Global Currency Reset. The Governments of the Bretton Woods’ member countries are illegitimate corporations. (KH)

  • Karen Hudes: Board of Governors of the World Bank and IMF announced a transition to asset-backed currencies. Karen Hudes. Global Currency Reset. The dominoes are falling.
  • Who is the major stock holder of Blackrock?….Vanguard is. Who is the major stockholder of Vanguard?… Blackrock is. You can’t make this shit up.
    • Exactly… and governments are the main investors in those index funds through these institutional holdings. -Clint

  • Yea… when you are an index fund you are required to hold some of everything. The more your investor base grows the more shares of everything you have to hold.

  • Black rock, the only one I know is in Mecca, that should tell us something of their intentions. With respect to food, the Queen of England plays a huge role with her ownership of Nestle’s Cargill etc.

    • I looked into vanguards ownership and its publicly owned, you can buy shares of blackrock and vanguard via mutual funds.

      • Ownership implies decision power. The only such power we have as mutual-fund investors is choosing a different fund. But things have converged to such an extent, that there are really no other options, and we are up deep sh!ts’ creek, because we have been paying into it all our lives. Yet, we don’t get to apply pressure or even input regarding woke policies, or environmentalism, or critical race theory, but Blackrock and Vanguard do. We are invested in entities that direct our demise, and alternatives are scarce.

  • Thanks for a Great hour of Truth & Empowerment . Now the next step is how to counter this NWO/WEF/Illuminati with the Right moves. 1st. Dont get distracted by trolls . 2nd. Send it through to the Right people (I will) . 3nd. Never give in to the Socalled Power of Billionaires. 4nd. there are much Greater Funds ahead of UMeWeAll that these Elites are Unaware of. 5th. Wait till the QFS (The Quantum Financial System, which is hosted on an internet formed by quantum computers, which is to replace the SWIFT system, which is the dominant system today.) will replace the swift system as the Central Banks will loose their power . 6. Never Fear, as Love Always Wins & 7th. Last but not Least , We The People are not dependant on “Big Bosses “, as we live by eEchanging Goods & Services . May God Bless U who make these kinds of Documentaries (Lots is taken from Anomy mouse, but thats fine as We don`t do it for the money . We do it for the Higher Good of All & thats 99 % ! 🙂 Namaste


  • This constructs an exacting picture of Western economics, and yet, if she were to include Chinese assets and manipulative abilities, the picture worsens considerably.


  • May I suggest that there is considerable evidence that a number of artificial intelligence forces play into this sinister mix which have absolutely no regard for human life in all of its wondrous cultural and spiritual vitality.
    As U.S. Navy Admiral George Hoover once put it so pointedly: “The big secret is the potential power all humans possess.”
    Therein lies the fear and distain the elite hold that We The People might wake up to our true abilities and easily rise up to defeat all of them, a possibility they are in such a terrific hurry to stop by whatever means they have at their disposal…


  • Just an FYI, Vanguard is a mutual fund. Hey genius, when you “buy” it just where is the money you use to buy it go? Into the investment fund, right? As long as you invest with the fund you can rest assured they are hard at work for you right?! Your 7-12% return is taken out of the increased cost of the products you paid for! Is this starting to sink in? The elites love you so much, they bet on you with insurance companies, usury lending institutions, and yes higher prices on everything you use. Is it Phillia love or Philatia? If they were so concerned about ending poverty with western capital then why hasn’t the poverty been ending? What are the waiting for? Crony Capitalists and communists have been in bed with each other for centuries, because they are the same “elites”. They steal wealth by making the rules of the game, so they have the understanding necessary to monopolize . What they didn’t expect or think of is easily corrected by changing the rules and guarding the hen house. Wake up! For an understanding about how far back this goes
    go to this link Very nicely prepared. She has done a most valuable work and I am thankful for her effort and will do my part to see that it is distributed.




    Dr. Sherri Tenpenny Explains How the Depopulation COVID Vaccines Will Start Working in 3-6 Months

    Frazzledrip is Real

    There is NO variant, Not novel, NO pandemic – Dr David Martin with Reiner Fuellmich




By  - 06. September 2021

The good news is that Dr Stella Immanuel has filed a $100 million defamation lawsuit against Anderson Cooper and CNN.

The bad news is that the world financial system is about to collapse.

Former Assistant Housing Secretary, financial manager and publisher of the Solari Report, Catherine Austin Fitts joins preeminent Antivax activist, Del Bigtree on his show, The Highwire.

Del starts off saying, “I think we have obliterated this vaxxine discussion. I think if it was just down to public health, then this would be over…then, why is our nation still pushing this vaxxine, when it clearly doesn’t do anything? It certainly doesn’t protect anyone around us, so how could your force teachers to take it? How can you force firefighters to take it? How can you force police officers to take it, when the only “advantage” they’re seeing are the injuries that they’re seeing all over the internet?

“Something else must be going on…I am not satisfied with just proving this vaxxine doesn’t work, which we’ve done in spades. There must be something else going on, keeping this runaway train on the track. So, now, we’re going to start investigating places that are a little less comfortable for me, that maybe will lead us to what’s really going on, here.”


He says to Catherine, “I want to start in your wheelhouse. When we look at banking – I go to speak at these large conventions with people that are speaking out on different areas – one of the things I hear a lot about is central banking and the central reserve banking system and how all of that is what is really controlling the world and we’re not paying attention to it.

“So, is there a greater power than Pharma that exists and central banking, is it an equal player? And what do we mean when we say ‘central banking’?”

Catherine replies:

“Central banking is a critical bureaucracy in controlling and managing the financial system. So, the financial system, I would describe it as part of the governance system. So, one of the ways you govern the entire planet is through the financial system and there are very important bureaucracies within that financial system and the one at the top of the food chain is clearly central banks…

“The fundamental model that we’ve been operating on for all of our lifetimes is called the ‘central banking warfare model.’ The central banks print money and the military makes sure that people use it and they basically police the model.

“And what’s been happening now and it’s been going on for 20 years is we are coming into a significant change in both the governance and the financial model. So, the currency system is in flux, globally and that’s part of what’s happening. It’s part of why there’s a demand for a ‘Reset’.

“In anticipation though, for the last 20 or 30 years, the central banks have been moving significant money out of the sovereign governments. So we have known for many decades that there was going to be a problem when the Baby Boomers retired. And the reality of it is that the central banks have moved that money out of the government.

“I call it the ‘Financial Coup’ and there’s been tremendous funny business going on with Federal accounts in the United States for a long time. And we’re now in the consolidation, where, if all that money has been moved out of the government and the retirees want it, you need an excuse as to why it’s not there. Enter the ‘Magic Virus’. So, from a financial standpoint, COVID-19 is helping provide the air cover for the fact that many of the promises that have been made are not going to be kept…


“Here’s what you need to understand: The Western democracies and the United States have been run with a two-pronged financial system. On one side, you have private banks, with the central bank, the Federal Reserve, who are managing monetary policy. On the other side of the house, you have an electorate voting for representatives, who manage the tax flow and the credits that relate to that – so, the treasury market.

“So, you have this balance of power, between the people and the bankers and now, what is happening, under the guise of COVID-19 is the bankers have decided they no longer want to share power with the electorate or the peoples’ representatives and…the central banks have decided, essentially, they want to take over.

“And the ultimate completion of this will be when they introduce digital currencies, controlled and operated by the central bank. Why is that important? Because they won’t be currencies, Del. They will be a financial control system. To implement that system, they need the vaccine passports. And the goals of the vaccine passports have nothing to do with health. They have to do with implementing a new, digital financial transaction system, which is, in essence complete control.

“I call it a Slavery System. Dr Naomi Wolf said, “Vaccine passports are the end of human liberty in the West” and she’s absolutely right…

“So, what this means is you will no longer have currency. You’ll have a credit at the company store. If they don’t want you traveling more than 5 miles from your home, your credit card, your bank account won’t work more than 5 miles from your home. Let’s say they decided they you shouldn’t be able to buy pizza, you can’t buy pizza. You’re talking about complete control at a very intimate level – of both surveillance, because remember, there’s no privacy. They’ll be able to track every transaction you make. So, we’re talking about a credit at the company store and literally a slavery system.”


Del then asks for her opinion on cryptocurrencies like Bitcoin. She replies:

“So, the central banks would issue their own central bank digital cryptocurrency (CBDC). The question is, would the regulators increasingly regulate cryptocurrencies, which I think the answer is ‘Yes’. Will they allow them to coexist? Maybe.But if you look at the way the system will be implemented, you’ll find that the vast majority of retail transactions will end up being in the CBDC system.

“Bitcoin and the cryptocurrencies have been very useful to help the central bankers prototype how they might want to run their systems, so they’ve been very useful as a prototype. Whether they’re allowed to continue to exist? Big question mark.

“I think, at the end of the day, I think the central banks are basically planning on being the dominant player in the market. It’s a control system. This is a re-engineering – so, here’s the question, Del. So, if I’m the central banks and I’m going to destroy the sovereignty of governments and the power of the electorate to affect the budget, the question comes down to, ‘How am I going to collect taxes, there if the electorate has no power and doesn’t feel like they’re sharing in the financial system? And the way you do that is with a CBDC system, you can just take the money out of the account. This is taxation without representation.


Del then asks her to describe the “Cosmic They”, the “Cabal”, the “Conspirators” or what she famously refers to as “Mr Global”. She replies:

“If you listen and look at the people who govern the financial system; so the owners of the central banks, the people who manage the intergenerational pools of capital, at the people who manage the insurance industry, if you look at how the financial system works, at the heart of making the financial system go, it’s risk management…

“Now, one of the decisions that is clearly evidence…is called the Going Direct Reset, which is a plan voted on by the central bankers in August 2019. The takedown of the economy, including the pandemic rolled-out, as a result of the Going Direct Reset

“If you look at that group, they have decided to radically centralize control into a much smaller group of people and that’s one of the reasons why what you’re watching is the destruction of the small business economy and a printing of money by the central banks, so basically the private equity firms can engage in a shopping spree to pick it all up, cheap.

“Which is why, in the videos you were showing, the billionaires are getting richer and richer, what you’re watching is what George HW Bush used to call consolidating the wealth into ‘Tighter and Righter hands.’

“So this is a plan, it’s being engineered. I’m not saying it’s 100%, they kind of make it up as they go, but if you look at who’s responsible at the very top of the global financial system, they are in the room. If you look at the list of participants on the vote for the Going Direct and the people who put the plan together working for BlackRock, you can see a lot of those players.

“Now, if you look at the whole Going Direct, to get the control, the financial control system into place with the passports, you need the pharmaceutical industry, you need the tech industry, you need the telecommunications industry – it’s all part of putting together the SmartGrid, because the SmartGrid is the hardware and the infrastructure for this financial control grid.

“So, it’s a lot of people and there is no doubt that the US Government and the central banks have been absolutely instrumental and created massive incentives to get everybody to play. That’s the magic secret here, Del…we’re building the prison. In a highly-centralized system, Mr Global is not a lot of people and yet, if you look at who’s building the train tracks for the control grid, it’s all of us, which means we have the power to stop banking with them, we have the power to stop associating with them, we can snub them on the street, we don’t have to buy their stocks, we don’t have to go work in the companies.

“You can make a list of the 20 companies who were most instrumental in making this all go. We don’t have to support them. And 5- to 10% of the people just walked out the door tomorrow. And we have to do it before the vaccine passports go into effect, because once you get CBDCs and vaccine passports, essentially you’ve got, at a very central level, as [Bank for International Settlements General Manager] Carstens said, complete control.”


Del says there are vaccine passports being rolled-out in New York and California and we’re seeing it in France and the UK and he says it’s the first time that we’ve seen something like this, where all the world governments seem to be in on it, like its a world war against the citizens of the world. He then asks if she can name a few of the 20 corporations she referred to, above. She replies:

“There’s $21 trillion missing from the US Federal Government, the US Federal Government bank accounts are run by the New York Fed, who’s owned and whose member banks operate as agents for the US Federal Government. So if you look at the largest banks, who own and operate the NY Fed and run the government financial statements and financial system and bank accounts, they’re responsible.

“So if $21 trillion is missing, they effected a great deal of illegal transactions. They’er responsible. Why are we banking with them? Pull your money out…This is war. Don’t finance your enemy!…

“If you go to, I have an article on ‘How to Find a Good Local Bank‘ and it walks you through how to find a good local bank or credit union and what you’re looking for is what is an institution that has good governance, good ownership, good management and has a demonstrated record of really caring about the people in that community. They’re business is banking, they’re business is not trading derivatives on Wall Street.

“And right now, figure you’ve got 4- or 5,000 of those in the United States and the more they shrink down, the less freedom we’ll have. The best thing for the small business economy is a healthy infrastructure of good banks and credit unions in your community, so get your money out of the big banks and head into them – but do it the way that’s good for you, because you deserve a bank that cares about you and is clean.

“I don’t know if you’ve ever looked at the Madoff fraud but that’s good example of why you want to get out of JPMorgan-Chase, in my opinion.”

I’m not going to transcribe the whole interview but watching this video should be part of your continuing education curriculum!





- and many more excellent websites like ecoterra/info and video platfoms like BITCHUTE that are dedicated to the truth.



A timeline of the great reset agenda: from foundation to Event 201 and the pandemic of 2020

How the great reset ideology pitched its tent in the ‘new normal’ camp: perspective

By Tim Hinchliffe - 17. November 2020

Klaus Schwab, WEF great reset

Klaus Schwab, founder and executive chairman of the World Economic Forum

Say it’s 2014 and you’ve had this idea for a technocratic great reset of the world economy for some time now, but it only works if the entire planet is rocked by a pandemic. How do you go about selling your idea?

“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future” — Klaus Schwab, WEF

If you are World Economic Forum (WEF) Founder Klaus Schwab, you attempt to sell your vision of a global Utopia via a great reset of the world order in three simple steps:

  1. Announce your intention to revamp every aspect of society with global governance, and keep repeating that message
  2. When your message isn’t getting through, simulate fake pandemic scenarios that show why the world needs a great reset
  3. If the fake pandemic scenarios aren’t persuasive enough, wait a couple months for a real global crisis to occur, and repeat step one

It took Schwab and the Davos elite about six years to watch their great reset ideology grow from a tiny Swiss seed in 2014 to a European super-flower pollinating the entire globe in 2020.

The so-called “great reset” promises to build “a more secure, more equal, and more stable world” if everyone on the planet agrees to “act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.”

But it wouldn’t have been possible to contemplate materializing such an all-encompassing plan for a new world order without a global crisis, be it manufactured or of unfortunate happenstance, that shocked society to its core.

“In the end, the outcome was tragic: the most catastrophic pandemic in history with hundreds of millions of deaths, economic collapse and societal upheaval” — Clade X pandemic simulation (May, 2018)

So, in May, 2018, the WEF partnered with Johns Hopkins to simulate a fictitious pandemic — dubbed “Clade X” —  to see how prepared the world be if ever faced with such a crisis.

A little over a year later, the WEF once again teamed-up with Johns Hopkins, along with the Bill and Melinda Gates Foundation, to stage another pandemic exercise called Event 201 in October, 2019.

Both simulations concluded that the world wasn’t prepared for a global pandemic.

And a few short months following the conclusion of Event 201, which specifically simulated a coronavirus outbreak, the World Health Organization (WHO) officially declared that the coronavirus had reached pandemic status on March 11, 2020.

“The next severe pandemic will not only cause great illness and loss of life but could also trigger major cascading economic and societal consequences that could contribute greatly to global impact and suffering” — Event 201 pandemic simulation (October, 2019)

Since then, just about every scenario covered in the Clade X and Event 201 simulations has come into play, including:

  • Governments implementing lockdowns worldwide
  • The collapse of many industries
  • Growing mistrust between governments and citizens
  • A greater adoption of biometric surveillance technologies
  • Social media censorship in the name of combating misinformation
  • The desire to flood communication channels with “authoritative” sources
  • A global lack of personal protective equipment
  • The breakdown of international supply chains
  • Mass unemployment
  • Rioting in the streets
  • And a whole lot more!

After the nightmare scenarios had fully materialized by mid-2020, the WEF founder declared “now is the time for a great reset” in June of this year.

Was it excellent forecasting, planning, and modeling on the part of the WEF and partners that Clade X and Event 201 turned out to be so prophetic, or was there something more to it?

Below is a condensed timeline of events that tracks the great reset agenda that went from just a “hope” in 2014 to a globalist ideology touted by royaltythe media, and heads of state the world-over in 2020.

2014-2017: Klaus Schwab calls for great reset and WEF repeats message

Ahead of the 2014 WEF meeting in Davos, Switzerland, Schwab announced that he hoped the WEF would push the reset button on the global economy.

The WEF would go on to repeat that message for years.

Between 2014 and 2017, the WEF called to reshape, restart, reboot, and reset the global order every single year, each aimed at solving various “crises.”

Then in 2018, the Davos elites turned their heads towards simulating fake pandemic scenarios to see how prepared the world would be in the face of a different crisis.

2018-2019: WEF, Johns Hopkins & Gates Foundation simulate fake pandemics

On May 15, 2018, Johns Hopkins Center for Health Security hosted the “Clade X” pandemic exercise in partnership with the WEF.

The Clade X exercise included mock video footage of actors giving scripted news reports about a fake pandemic scenario (video below).

The Clade X event also included discussion panels with real policymakers who assessed that governments and industry were not adequately prepared for the fictitious global pandemic.

“In the end, the outcome was tragic: the most catastrophic pandemic in history with hundreds of millions of deaths, economic collapse and societal upheaval,” according to a WEF report on Clade X.

“There are major unmet global vulnerabilities and international system challenges posed by pandemics that will require new robust forms of public-private cooperation to address” — Event 201 pandemic simulation (October, 2019)

Then on October 18, 2019, in partnership with Johns Hopkins and the Bill and Melinda Gates Foundation, the WEF ran Event 201.

During the scenario, the entire global economy was shaken, there were riots on the streets, and high-tech surveillance measures were needed to “stop the spread.”

Two fake pandemics were simulated in the two years leading up to the real coronavirus crisis.

“Governments will need to partner with traditional and social media companies to research and develop nimble approaches to countering misinformation” — Event 201 pandemic simulation (October, 2019)

The Johns Hopkins Center for Health Security issued a public statement on January 24, 2020, explicitly addressing that Event 201 wasn’t meant to predict the future.

“To be clear, the Center for Health Security and partners did not make a prediction during our tabletop exercise. For the scenario, we modeled a fictional coronavirus pandemic, but we explicitly stated that it was not a prediction. Instead, the exercise served to highlight preparedness and response challenges that would likely arise in a very severe pandemic.”

Intentional or not, Event 201 “highlighted” the “fictional” challenges of a pandemic, along with recommendations that go hand-in-hand with the great reset agenda that has set up camp in the nefarious “new normal.”

“The next severe pandemic will not only cause great illness and loss of life but could also trigger major cascading economic and societal consequences that could contribute greatly to global impact and suffering” — Event 201 pandemic simulation (October, 2019)

Together, the Johns Hopkins Center for Health Security, the World Economic Forum, and the Bill and Melinda Gates Foundation submitted seven recommendations for governments, international organizations, and global business to follow in the event of a pandemic.

The Event 201 recommendations call for greater collaboration between the public and private sectors while emphasizing the importance of establishing partnerships with un-elected, global institutions such as the WHO, the World Bank, the International Monetary Fund, and the International Air Transport Organization, to carry out a centralized response.

One of the recommendations calls for governments to partner with social media companies and news organization to censor content and control the flow of information.

“Media companies should commit to ensuring that authoritative messages are prioritized and that false messages are suppressed including though [sic] the use of technology” — Event 201 pandemic simulation (October, 2019)

According to the report, “Governments will need to partner with traditional and social media companies to research and develop nimble approaches to countering misinformation.

“National public health agencies should work in close collaboration with WHO to create the capability to rapidly develop and release consistent health messages.

“For their part, media companies should commit to ensuring that authoritative messages are prioritized and that false messages are suppressed including though [sic] the use of technology.”

Sound familiar?

Throughout 2020, Twitter, Facebook, and YouTube have been censoring, suppressing, and flagging any coronavirus-related information that goes against WHO recommendations as a matter of policy, just as Event 201 had recommended.

Big tech companies have also deployed the same content suppression tactics during the 2020 US presidential election — slapping “disputed” claims on content that question election integrity.

2020: WEF declares ‘Now is the time for a great reset’

After calling for a great reset in 2014, the Davos crowd repeated the same ideology for a few more years before pivoting towards simulating faux pandemic scenarios.

A few months after the WEF established that nobody was prepared to deal with a coronavirus pandemic, the WHO declared there was a coronavirus pandemic.

All of a sudden! the great reset narrative that the WEF had been nurturing for six years, found a place to pitch its tent in the “new normal” camp.

“The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future,” Schwab declared on June 3, 2020.

And that’s where we’re at today.

  • The Davos elites said they wanted a global reset of the economy many years ago
  • They role-played what would happen if a pandemic were to occur
  • And now they’re saying that the great reset ideology is the solution to the pandemic, and it must be enacted quickly

The great reset is a means to an end.

Next on the agenda is a complete makeover of society under a technocratic regime of un-elected bureaucrats who want to dictate how the world is run from the top down, leveraging invasive technologies to track and trace your every move while censoring and silencing anyone who dares not comply.


Tim Hinchliffe

Tim Hinchliffe is the editor of The Sociable. His passions include writing about how technology impacts society and the parallels between Artificial Intelligence and Mythology. Previously, he was a reporter for the Ghanaian Chronicle in West Africa and an editor at Colombia Reports in South America.


Avoid the ‘Great Reset’ in Three Easy Steps

Sure, it may look rational, with all those numbers, charts and ratios, but the financial system is insane

By David James - 30. January 2021

There are two things that should be understood about the global financial markets as the world faces what is being called the Great Reset, or Bretton Woods 2.

The first is that the US dollar rules the world (as distinct from the US nation).

The second is that the system is insane.

Sure, it may look rational with all those numbers, charts, ratios, algorithms and impressive-sounding technical terms. But collectively the whole thing is mad. As the great British writer GK Chesterton said:

The madman is not the man who has lost his reason. The madman is the man who has lost everything except his reason.

That nicely describes the global capital markets and it does not bode well either for an effective reset or the survival of the monetary system itself.

The US dollar has dominated the global financial markets since 1945, when Franklin D Roosevelt did a deal with King Abdulaziz of Saudi Arabia to denominate oil trade in the American currency, leading to the creation of the ‘petrodollar’ which then became the world’s reserve currency.

The petrodollar has long since faded; more oil is actually denominated in Chinese yuan now than American dollars (although the yuan is fixed to the US dollar so it is not really separate). But the bulk of international trade and asset buying is still denominated in US dollars out of habit and the US dollar has been further entrenched because of the emergence of the global derivatives market. Derivatives are transactions derived from, or rather are gambles on, conventional financial assets such as currencies, interest rates and shares.

The ‘value’ (whatever that means exactly) of these derivatives is $US500-1000 trillion, give or take the odd $US100 trillion.

This intense financial activity, most of which occurs in microseconds, is like having a massive roulette wheel spinning above the earth. According to the Bank for International Settlements, the daily cross border trades with the US dollar on one side equates with almost $US6 trillion.

To give some idea of how big that notional ‘money’ is, the entire US Federal debt, built up over decades, is about $US27 trillion, or the equivalent of less than five days trading. It has entrenched the US dollar as the world’s reserve currency and allows America to do whatever it likes on its Federal budget, its military spending or whatever other financial excesses it can devise, such as a $US21 trillion hole in the defence budget.

Whatever debt the US issues is swallowed up by the massive demand for dollars in the foreign exchange markets. No other country has that freedom.

It has recently become popular to criticise so-called ‘fiat money’, money that is determined by government edict. The contention is that when President Richard Nixon took America off the gold standard in 1971, because the nation could not pay for the Vietnam War, it ushered in an era of government-created money whose value has been progressively degraded.

Though superficially persuasive the argument is entirely misleading. The repeated crises in the financial markets over the last four decades have not been because of too much government intrusion but the opposite: a refusal by governments to govern properly, which allowed private players to run amok.

It was a cleverly engineered scam.

In the 1980s and 1990s there was a world-wide push, prosecuted by well-funded think tanks and lobbyists, to ‘deregulate’ the financial markets. What nobody seemed to notice, or if they did notice they conveniently chose to ignore it, is that this argument is, literally, nonsense. It is impossible to deregulate financial markets because they consist of regulations. Deregulating financial markets is like trying to take the hydrogen, oxygen and wetness out of water. Other types of markets can be deregulated because regulations are external to the economic activity, but in finance they are the same.

Enter insanity.

By convincing Western governments that deregulation was a fine thing (usually using water metaphors to make it seem that regulations somehow got in the way of monetary ‘flows’) private actors were able to make up their own rules, triggering ‘financialisation’, or wealth extraction by the finance sector at the expense of everyone else.

The ridiculous invention of rules has been most obvious in the derivatives markets, which are a complete free-for-all – think of a bet, any bet. It also occurred in the real economy, where unshackled banks and financial institutions invented different ways to create ludicrous levels of global debt that are now, in aggregate, unpayable. The only option for central banks in developed countries has been to drop interest rates to almost zero in the hope of kicking the can down the street and printing money, known as ‘quantitative easing’, on what is laughably called their ‘balance sheets’.

There were plenty of warnings that ‘deregulation’ was dangerous. In 1998, a derivatives company, Long Term Capital Management nearly brought down the Western banking system. Bizarrely, the chairman of the US Federal Reserve, Alan Greenspan, responded by aggressively increasing the number of derivatives traders in the belief that it would all, sort of, balance itself out.

It didn’t.

The 2007-2008 financial crisis revealed the insanity of allowing private players to invent their own rules when there was a near collapse of the entire system. It was only saved because the US Treasury head, Henry Paulson, decided to re-regulate instead of standing back and allowing ‘market forces’ to work.

It was a close run thing, though. On September 18, 2008, $US550 billion went out of the US money markets in a couple of hours. Paulson responded by closing down all America’s money accounts and announcing a guarantee of $250,000 for all bank deposits. That is, he issued a fiat. The Treasury later estimated that had he not done so $US6 trillion would have exited the US financial system by the end of the day. Given that banks lend out roughly 20 times their capital base this would have spelt the end of the monetary system of the world.

Like all good madmen, banks and financial traders, incapable of taking any responsibility for their own actions and faithfully adhering to their smug anti-government rhetoric, outrageously blamed governments for a crisis that they had caused. They got away with it. Almost no financiers went to jail and they continued their debauch of the system, exploiting lower interest rates to increase debt to its current unsustainable levels.

Can a genuine reset be achieved? Not with the current finance technocrats, who have probably never scrutinised an assumption in their lives. Compare these superficial thinkers with John Maynard Keynes, the person who led the British delegation to Bretton Woods 1 in 1944. A member of the Bloomsbury Group Keynes thought deeply both about what money is and how it should function (he is associated with the economics of government spending but that is only a cartoonish version of his thought). Almost none of the current crop of central bankers, heads of global institutions or schemers in the World Economic Forum are capable of such reflection. Most did not even notice that ‘financial deregulation’ is a flat contradiction.



Remove the central assumption behind the madness and recognise that money is a system of rules in which government has to be a central player, an umpire. The demonization of ‘fiat money’ is rubbish. So is the idea of freeing up market forces by deregulating the finance system. The question is not whether governments should be involved, but how they should be involved – what constitutes good governance of the system.


Find ways – it will require a jettisoning of the circular arguments of neo-classical economics – to reimpose some sort of control over the quantity of money. Because of financial deregulation, authorities ceded any control over the amount of credit in the system. They can only control the cost of money, the interest rate. With interest rates at close to zero that remaining tool has been rendered useless.

Critics of fiat money get starry-eyed about reintroducing the gold standard or buying Bitcoin. This is because both are finite; in theory they introduce some control over the quantity of money and raise the prospect that it might once again function as a means of exchange rather than something to be debauched in an endless regress. But it is a blind alley. Neither Bitcoin nor gold can be realistically used as a means of exchange, and in any case they are both valued in fiat currency: US dollars. They are just another type of financial asset for investors to play with.


The financial schemers should, even for their own sakes, shelve any ideas about a global central bank digital currency for cross-border transactions, no matter how seductive it might seem as a power grab. It would be a genuine threat to US dollar dominance, imperilling the US military’s ability to spend what it wants. The centralisation of power it implies also poses a threat to Chinese and Russian military autonomy.

Financiers like to think that soldiers are just guns for hire, that money rules everything. A glance at history suggests otherwise. If the financiers go head to head with military interests they will get some nasty surprises and we will be no closer to a solution to the monetary debauch.

David James has been a business and finance journalist, editor, and satirical columnist for over 30 years. He has PhD in English Literature and his web site is


5 facts you need to understand the new global order - according to the WEF

By Robert Muggah and Yves Tiberghien - 30. January 2018 - published by the WEF

At least three competing versions of the future world order crashed together at the World Economic Forum's gathering in Davos last week. There was the one peddled by a combative Donald Trump, calling for a full-scale US retreat from the current order. Another came from Chinese leaders who proposed a new global economic system built around Beijing. Meanwhile, Canada's Justin Trudeau and France’s Emmanuel Macron urged western leaders to double down on the current liberal order. 

U.S. President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. Damir Sagolj: "It's one of those "how to make a better or at least different shot when two presidents shake hands several times a day, several days in row". If I'm not mistaken in calculation, presidents Xi Jinping of China and Donald Trump of the U.S. shook their hands at least six times in events I covered during Trump's recent visit to China. I would imagine there were some more handshakes I haven't seen but other photographers did. And they all look similar - two big men, smiling and heartily greeting each other until everyone gets their shot. But then there is always something that can make it special - in this case the background made of U.S. and Chinese flags. They shook hands twice in front of it, and the first time it didn't work for me. The second time I positioned myself lower and centrally, and used the longest lens I have to capture only hands reaching for a handshake." REUTERS/Damir Sagolj/File Photo  SEARCH "POY TRUMP" FOR THIS STORY. SEARCH "REUTERS POY" FOR ALL BEST OF 2017 PACKAGES.    TPX IMAGES OF THE DAY - RC1B1E5EF340

China will soon surpass the US in economic terms – and is taking the lead on climate change and the digital economy. Image: REUTERS/Damir Sagolj/File Photo

It would be a mistake to dismiss their speeches as empty grandstanding. This debate is deadly serious. The outcomes will likely determine the future of global stability and the security and prosperity of everyone. If the leaders of major countries and international organizations cannot see eye to eye, we are in for a very rough ride. Rather than withdraw, what is needed more than ever are new ideas, institutions and blueprints to navigate the coming storm. 

We are living in abnormal times. The global liberal order is in an advanced state of meltdown. And as the world rapidly shifts from a uni-polar to a multi-polar reality, the international system itself is exposed to profound instability. If the situation is not handled with extreme care, the potential for a major collapse is real. The question is whether our world leaders are capable of fully understanding what is happening in real time and can muster the collective action to set new rules of the road.

The old global liberal order served as the bedrock of peace and stability since 1945. It was purposefully designed by the US and its western allies to prevent armed conflict and the economic nationalism that gave rise to it. It is composed of the United Nations, the International Monetary Fund and World Bank, the World Trade Organization, the North Atlantic Treaty Organization, the G20 and a thicket of treaties and agreements. While experiencing its ups and downs, it set the rules for a stable positive-sum game.

While virtually everyone agrees that a rules-based system is essential to managing security and trade, a power struggle is underway over who writes and enforces them. The spectacular rise of China over the past two decades and the relative decline of the US mean that sparks are bound to fly. Yet most westerners are only dimly aware of what’s occurring since the rug was so quickly pulled out from under them. The potential for catastrophic miscalculations – including US trade actions against China – are rising, with potentially devastating cascading effects to the global economy.

To get to grips with the seismic shifts taking place, consider these five facts.

1) China is in the process of surpassing the US economically. By one measure, 35% of world growth from 2017 to 2019 will come from China, 18% from the US, 9% from India, and 8% from Europe. By 2050, the top five largest global economies are most likely to be China, India, the US, Brazil and Indonesia. Is the west even remotely prepared for this kind of world?

Image: Visual Capitalist

2) China is leading the largest urbanization and infrastructure development scheme on earth. Already in its fifth year, the $900 billion "One Belt and One Road" (OBOR) project includes new roads, shipping lanes and building projects stretching to over 65 countries. The idea is to literally rewire global trade from China throughout Asia, the Middle East, Africa and Europe. While details are hazy, OBOR is being financed by Chinese state banks, with a modest strategic contribution by a new Chinese-backed Asian Infrastructure Investment Bank in partnership with other institutions.

3) China is set to become a global green powerhouse. China signalled its intention to take the lead on climate change reduction after signing the 2015 Paris climate agreement. By 2025, most new cars in China will be fully electric vehicles. China is aggressively cutting coal usage. Already, over 60% of high speed rail in the world is in China (10 times the length in Japan, for example). China also recently committed to achieving blue skies in all of its major cities within three years. The changes are already being felt: Beijing air is 30% cleaner this winter than last winter. 

4) China is also setting the global pace on a digital economy, including cashless payments. In major cities, up to 90% of all commercial and retail transactions in convenience stores and cafes are occurring through Alipay and Wechat. E-commerce delivery in large Chinese cities through Alibaba is the currently the fastest in the world. One company, Alibaba, racked up sales of $25 billion in just one day – dwarfing the returns of so-called Black Friday and Cyber Monday in the US. 

5) Chinese universities are also vaulting to the top of the international rankings. Two schools – Peking University and Tsinghua University – leapfrogged from well below the top 200 to the top 30 within five years. There are another 40 universities that are not far behind and are set to enter the elite in the coming years. While Chinese students are still seeking out educations in top schools in North America and western Europe, soon they won't have to.

All the while, the west seems to be asleep at the wheel. There is a certain irony in our current predicament. On the one hand, the world is experiencing unparalleled levels of prosperity and connectivity, due in no small part to the US-backed global liberal order. Yet these advances are associated with ever greater complexity and systemic risks, increasing the liberal order's vulnerability to collapse. The world's global and national institutions are increasingly incapable of managing stresses to the system. Democracies, it turns out, lack the incentive systems to address higher-order and longer-term imperatives. 

Faced with threats ranging from climate change to massive technological advancement, the world is in desperate need of stable and able global governance. And yet there is surging opposition to liberal governance due to rising inequalities and frustration with the perceived failures of the liberal order. Francis Fukuyamaand Jan-Werner Müller view populism and the rise of parochial economic nationalism as among the gravest threats to future stability. The risk of a disorderly collapse of the system is more real than ever.

If we are to survive the global geopolitical transition, we must first accept that the era of US hegemony is over. Instead, the world is shifting to a new multi-polar order with the US and China at its centre. We need to restore and rebuild stable institutions and rules that acknowledge the changed context. They will need to be more inclusive, representative and legitimate. The role of international mechanisms of cooperation (such as the G20), regional organizations, non-state actors – especially financial and philanthropic actors – will also need to be elevated. What's more, cities are claiming their place – witness Urban20, a collaboration between the world's largest cities, to be formally launched in October 2018.

All of this will be hard to swallow for stalwarts of the global liberal order. It will also need to be explained to a public that is accustomed to linear change. The current transformations are both non-linear and increasingly exponential, processes that are hard for humans to grasp. We are fixated to the forward march of democracies and the underlying principles on which they are based, yet we must learn to compromise and accommodate multiple value systems.

The next order will be more complex and potentially more precarious, but that is the brave new world we face. 

This article forms part of the Phil Lind Initiative in US Studies series on the future of the liberal order. The series is led by Robert Muggah and Taylor Owen and features Edward Luce, Steven Pinker, Anne-Marie Slaughter, Francis Fukuyama, Susan Rice and Misha Glenny and is hosted by the University of British Columbia's School of Public Policy and Global Affairs.



Robert Muggah, Co-founder, SecDev Group and Co-founder Igarape Institute

Yves Tiberghien , Associate Professor of Political Science, Director Emeritus of the Institute of Asian Research at UBC, and Founding Chair of Vision20,