Global Capitalism, “World Government” and the Corona Crisis

When the Lie Becomes the Truth There is No Moving Backwards

By Prof Michel Chossudovsky

Global Research, August 27, 2020

Global Research 1 May 2020

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.

The potential for the disastrous rise of misplaced power exists, and will persist. (President Dwight D. Eisenhower, January 17, 1961)

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The World is being misled concerning the causes and consequences of the corona crisis.

The COVID-19 crisis is marked by a public health “emergency” under WHO auspices which is being used as a pretext and a  justification to triggering a Worldwide process of economic, social and political restructuring. 

Social engineering is being applied. Governments are pressured into extending the lockdown, despite its devastating economic and social consequences.

What is happening is unprecedented in World history. 

Prominent scientists support the lockdown without batting an eyelid, as a “solution” to a global health emergency.

Amply documented, the estimates of the COVID-19 infection including mortality data are grossly manipulated. 

In turn, people are obeying their governments. Why? Because they are afraid? 

Causes versus solutions?

The closing down of national economies applied Worldwide will inevitably result in poverty, mass unemployment and an increase in mortality.

It’s an act of economic warfare.  It’s an unspoken crime against humanity.

Stage One: Trade War against China

On January  30, 2020 the WHO Director General determined that the coronavirus outbreak constitutes a Public Health Emergency of International Concern (PHEIC). The decision was taken on the basis of 150 confirmed cases outside China, First cases of person to person transmission: 6 cases in the US, 3 cases in Canada, 2 in the UK.

The WHO Director General had the backing of the Bill and Melinda Gates Foundation, Big Pharma and the World Economic Forum (WEF). The decision for the WHO to declare a Global Emergency was taken on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland  (January 21-24).

One day later (January 31) following the launch of the WHO Global Emergency, The Trump administration announced that it will deny entry to foreign nationals “who have traveled in China in the last 14 days”. This immediately triggered a crisis in air transportation, China-US trade as well as the tourism industry. Italy followed suit, cancelling all flights to China on January 31.

The first stage was accompanied by the disruption of trade relations with China as well as a partial closedown of export manufacturing sector.

A campaign was immediately launched against China as well ethnic Chinese. The Economist reported that

“The coronavirus spreads racism against and among ethnic Chinese”

“Britain’s Chinese community faces racism over coronavirus outbreak”

According to the SCMP:

“Chinese communities overseas are increasingly facing racist abuse and discrimination amid the coronavirus outbreak. Some ethnic Chinese people living in the UK say they experienced growing hostility because of the deadly virus that originated in China.”

And this phenomenon is happening all over the U.S.

Stage Two: The Financial Crash Spearheaded by Fear and Stock Market Manipulation

A global financial crisis unfolded in the course of the month of February culminating in a dramatic collapse of stock market values as well as a major decline in the value of crude oil.

This collapse was manipulated. It was the object of insider trading and foreknowledge. The fear campaign played a key role in the implementation of the stock market crash. In February, roughly $6 trillion have been wiped off the value of stock markets Worldwide. Massive losses of personal savings (e.g. of average Americans) have occurred not to mention corporate failures and bankruptcies. It was a bonanza for institutional speculators including corporate hedge funds. The financial meltdown has led to sizeable transfers of money wealth into the pockets of a handful of financial institutions.

Stage Three: Lockdown, Confinement, Closing Down of  the Global Economy

The financial crash in February was immediately followed by the lockdown in early March. The lockdown and confinement supported by social engineering was instrumental in the restructuring of the global economy. Applied almost simultaneously in a large number countries, the lockdown has triggered the closing down of the national economy, coupled with the destabilization of trade, transport and investment activities.

The pandemic constitutes an act of economic warfare against humanity which has resulted in global poverty and mass unemployment.

Politicians are lying. Neither the lockdown nor the closing down of national economies constitute a solution to the public health crisis.

Who Controls the Politicians?

Why are politicians lying?

They are the political instruments of the financial establishment including the “Ultra-rich philanthropists”. Their task is to carry out the global economic restructuring project which consists in freezing economic activity Worldwide.

In the case of the Democrats in the US, they are largely concerned in opposing the reopening of the US economy as part of the 2020 election campaign. This opposition to reopening the national and global economies is supported by “Big Money”.

Is it opportunism or stupidity? In all major regions of the World, politicians have been instructed by powerful financial interests to retain the lockdown and prevent the re-opening of the national economy.

The fear campaign prevails. Social distancing is enforced. The economy is closed down.  Totalitarian measures are being imposed. According to Dr. Pascal Sacré

… in some countries, patients can leave hospital by agreeing to wear an electronic bracelet. This is only a sample of all the totalitarian measures planned or even already decided by our governments in favor of the coronavirus crisis. It goes much further, it’s limitless and it affects a good part of the world, if not the whole world.
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The “Herding Instincts” of Politicians

Are corrupt governments acting like “police dogs” with “herding instincts” going after their sheep.

Is “the herd” too scared to go after their “government”?

The analogy may be simplistic but nonetheless considered relevant by psychologists.

“Some breeds of dogs [corrupt politicians] have herding instincts that can be brought out with the right training and encouragement [bribes]. …. teach your dog [political proxy] basic obedience and see if it [he, she] displays herding tendencies. … Always look for a trainer who uses reward-based training methods [bribes, personal gain, political support, accession to high office]” (How to Teach Your Dog to Herd)

But there is another dimension. Politicians in high office responsible for “convincing their herd” actually believe the lies which are being imposed upon them by higher authority.

The lie becomes the truth. Politicians endorse the consensus, they enforce “social engineering”, they believe in their own lies.

It’s Not an Epidemic, It’s An Operation

US Secretary of State Mike Pompeo  (slip of the tongue) tacitly admits in a somewhat contradictory statement that the COVID-19 is a “Live Exercise”, an “Operation”:

“This is not about retribution,… This matter is going forward — we are in a live exercise here to get this right.”

To which president Trump retorted “you should have told us”.

Those words will go down in history.

Geopolitics

Let us be under no illusions, this is a carefully planned operation. There is nothing spontaneous or accidental. Economic recession is engineered at national and global levels. In turn, this crisis is also integrated into US-NATO military and intelligence planning. It is intent not only upon weakening China, Russia and Iran, it also consists in destabilizing the economic fabric of the European Union (EU).

“Global Governance”

This image has an empty alt attribute; its file name is david-rockefeller.jpg

A new stage in the evolution of global capitalism is unfolding. A system of  “Global Governance” controlled by powerful financial interests including corporate foundations and Washington think tanks oversees decision-making at both the national and global levels. National governments become subordinate to “Global Governance”. The concept of World Government was raised by the late David Rockefeller at the Bilderberger Meeting, Baden Germany, June 1991: “We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years. … It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.” (quoted by Aspen Times, August 15, 2011, emphasis added) .In his Memoirs David Rockefeller states: .“Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure, one world if you will. If that is the charge, I stand guilty, and I am proud of it.” (Ibid) .The Global Governance scenario imposes a totalitarian agenda of social engineering and economic compliance. It constitutes an extension of the neoliberal policy framework imposed on both developing and developed countries. It consists in scrapping “national autodetermination” and constructing a Worldwide nexus of pro-US proxy regimes controlled by a “supranational sovereignty” (World Government) composed of leading financial institutions, billionaires and their philanthropic foundations. .

The 2010 Rockefeller Foundation’s  “Scenarios for the Future of Technology and International Development Area” produced together with Global Business Monitoring Network, GBN) had already outlined the features of  Global Governance and the actions to be taken in relation to a Worldwide Pandemic.  The Rockefeller Foundation proposes the use of scenario planning as a means to carry out “global governance”.

The Report envisages (p 18) a simulation of a Lock Step scenario including a global virulent influenza strain:

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“LOCK STEP: A world of tighter top-down government control and more authoritarian leadership, with limited innovation and growing citizen pushback In 2012, the pandemic that the world had been anticipating for years finally hit. Unlike 2009’s H1N1, this new influenza strain—originating from wild geese—was extremely virulent and deadly. Even the most pandemic-prepared nations were quickly overwhelmed when the virus streaked around the world, infecting nearly 20 percent of the global population and killing. 8 million in just seven months”

It is worth noting that this simulation was envisaged in the year following the 2009 H1N1 Swine flu Pandemic, which was revealed to be a totally corrupt endeavor under the auspices of the WHO in liaison the Big Pharma which developed a multibillion dollar vaccine program. (Remember the “Fake” 2009 H1N1 Swine Flu Pandemic: Manipulating the Data to Justify a Worldwide Public Health Emergency By Prof Michel Chossudovsky, May 02, 2020) 

“World Government”

Instructions are transmitted to national governments worldwide.  The fear campaign plays a crucial role in building acceptance and social submission to this “supranational sovereignty of an intellectual elite and bankers”.

Global governance establishes a consensus which is then imposed on “sovereign” national governments Worldwide, described by David Rockefeller as “national auto-determination practiced in past centuries”.  Essentially, this is an extended form of “regime change”.

Thousands of politicians and officials must be convinced and/or bribed for this operation to succeed. It’s an unsubtle form of “political arm twisting” (while respecting “social distancing”).

The decision to close down the global economy with a view to “saving lives” has not only been accepted as a means to combating the virus, it has been sustained by media disinformation and the fear campaign.

People do not question the consensus, a consensus which borders on the absurd.

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Global Capitalism and “The Economic Landscape”

The crisis redefines the structure of the global economic landscape. It destabilizes small and medium sized enterprises Worldwide, it  precipitates entire sectors of the global economy including air travel, tourism, retail trade, manufacturing, etc. into bankruptcy.  The lockdown creates famine in developing countries. It has geopolitical implications.

The Pentagon and US intelligence are involved. The corona crisis affects to conduct of US-NATO led wars in the Middle East including Syria, Iraq and Afghanistan and Yemen. It is also used to target specific countries including Iran and Venezuela.

This engineered crisis is unprecedented in world history. It is an act of war.

The lockdown triggers a process of disengagement of human and material resources from the productive process. The real economy is brought to a standstill. Curtailing economic activity undermines the “reproduction of real life”. This not only pertains to the actual production of the “necessities of life” (food, health, education, housing) it also pertains to the “reproduction” of  social relations, political institutions, culture, national identity. At the time of writing, the lockdown is not only triggering an economic crisis, it is also undermining and destroying the very fabric of civil society not to mention the nature of government and the institutions of the state (crippled by mounting debts), which will eventually be privatized under the supervision of Big Money creditors.

There are conflicts within the capitalist system which are rarely addressed by the mainstream media. Billionaires, powerful banking and financial institutions (which are creditors of both governments and corporations) are waging an undeclared war against the real economy. Whereas the Big Money financial and banking establishment are “creditors”, the  corporate entities of the real economy which are being destabilized and driven into bankruptcy are “debtors”.

Bankruptcies

This diabolical process is not limited to wiping out small and medium sized enterprises. Big Money is also the creditor of  large corporations (including airlines, hotel chains, hi tech labs, retailers, import-export firms, etc.) which are now on the verge of bankruptcy.

The global financial establishment is not monolithic. It is marked by divisions and rivalry. The dominant Big Money faction seeks to destabilize its competitors from within. The results of which would be a string of  bankruptcies of regional and national banking institutions as well as a process of global financial consolidation.

In the US, numerous retailers, airlines, restaurant and hotel chains filed for Chapter 11 bankruptcy in February. But this is just the beginning. The big gush of bankruptcies will occur in the wake of the lockdown (“The New Normal”). And at the time of writing, the financial establishment is relentlessly pressuring (corrupt) national governments to postpone the lifting of the lockdown. And the governments are telling us that this is to “protect people against the virus”.

Canada’s province of Alberta which is largely dependent on oil revenues is bankrupt.

“Countries that represent over 50 per cent of the world’s global GDP are closed for business. Economists looking for historical comparisons mention the 1929 stock crash, the 1974 economic crisis or the 2008 recession. But they admit that these all fall short of the toll that this pandemic could have.” (Wired News UK, April 29, 2020

In Britain, recent reports state (It’s very British”) “we do not know how many have gone bankrupt”.

A chunk of Britain’s business landscape may have already been permanently erased, as some 21,000 more UK businesses collapsed in March alone than the same month a year ago, according to data gathered by the Enterprise Research Centre, a group of university researchers.

What these reports fail to mention are the unspoken causes: a fear campaign on behalf of the creditors, instructions by corrupt governments to close down the economy, allegedly to “save lives”, which is a big lie. Lives are not being saved, and they know it.

The coronavirus crisis “has ground U.S. business to a halt”. National economies are destabilized. The objective of Big Money is to weaken their competitors, “pick up the pieces” and eventually buy out or eliminate bankrupt corporations. And there are many to choose from.

Global Finance Capitalism

The interests of Big Money (global financial interests) overlap with those of Big Pharma, Big Oil, The Media, The Telecoms, the Defense contractors, etc. Major banking institutions in the US including JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, State Street Co. and Goldman Sachs, are investing in the war economy including the development of nuclear weapons under Trump’s 1.2 trillion dollar nuclear weapons program (first established under Obama). 

The ultimate objective of “Big Money” is to transform nation states (with their own institutions and a national economy) into “open economic territories”. That was the fate of Iraq and Afghanistan. But now you can do it without sending in troops, by simply ordering subservient proxy governments integrated by corrupt politicians to close down their economy on humanitarian grounds, the so-called “Responsibility to Protect” (R2P) without the need for military intervention.

Impossible to estimate or evaluate. More than half the global economy is disrupted or at a standstill.

Let’s be clear. This is an imperial agenda. What do the global financial elites want? To privatize the State? To own and privatize the entire planet?

The tendency is towards the centralization and concentration of economic power. Heavily indebted national governments are instruments of Big Money. They are proxies. Key political appointments are controlled by lobby groups representing Wall Street, The Military Industrial Complex, Big Pharma, Big Oil, the Corporate Media and the Digital Communications Giants, etc.

Big Money in Europe and America (through Washington Lobby groups) seek to control national governments.

In what direction are we going? What is the future of humanity? The current corona crisis is a sophisticated imperial project, which consists in Worldwide domination by a handful of multibillion dollar conglomerates. Is this World War III? Global capitalism is destroying national capitalism.

The unspoken intent of global capitalism is the destruction of the nation state and its institutions leading to global poverty on an unprecedented scale.

The following citation by Lenin dated December 1915 at the height of the First World War pointed with foresight to some of the contradictions which we are presently facing. On the other hand, we should understand that there are no easy solutions and that this crisis is intended to reinforce imperialism and the clutch of global capitalism:
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“There is no doubt that the development is going in the direction of a single World trust which will swallow up all enterprises and all states without exception. But the development in this direction is proceeding under such stress, with such a tempo, with such contradictions, conflicts and convulsions not only economical, but political national, etc. etc — that before a single world trust will be reached, before the respective financial national capitals will have formed a “World Union” of ultra imperialism, imperialism will explode and capitalism will turn into its opposite.

(V. I. Lenin, Introduction to Imperialism and World Economy by N, Bukharin, Martin Lawrence, London, printed in the US, Russian Edition, November 1917)

How to reverse the tide. The first priority is to repeal the lie.

In this regard, it is unfortunate that many people who are “progressive” (including prominent Left intellectuals) are –despite the lies–  supportive of the lockdown and closing down of the economy as a solution to the public health emergency. That’s the stance of the Democratic Party in the US, which goes against common sense.

Truth is a powerful weapon for repealing the lies of the corporate media and the governments.

When the Lie Becomes the Truth There is No Moving Backwards

Without the fear campaign and media propaganda, the actions taken by our governments would not have a leg to stand on.

“Social Distancing” does not prevent the financial elites from providing instructions to corrupt politicians.

On the other hand, “social distancing” combined with confinement is being used as a means of social subordination. It prevents people from meeting as well as protesting this so-called New World Order.

Organization, Truth and Solidarity are essential to reversing the tide. The first step of a worldwide movement is “counter-propaganda”.


Related articles

2009 H1N1 Vaccine Caused Brain Damage in Children. Dr. Anthony Fauci on “Vaccine Safety” Issues

By Prof Michel Chossudovsky, May 03, 2020

After the Lockdown: A Global Coronavirus Vaccination Program…

By Prof Michel Chossudovsky, April 25, 2020The original source of this article is Global ResearchCopyright © Prof Michel Chossudovsky, Global Research, 2020

The Financial Hysteria of America and the Bankruptcy of Western Liberalism

The Financial Hysteria of America and the Bankruptcy of Western ...

Martin Sieff May 13, 2020

Western Liberalism is not only bankrupt: It bankrupts. Nowhere is this clearer than in the hysterical panic with which Republicans and Democrats alike in the United States are printing limitless sums of theoretical money to pump demand into a structurally wildly distorted and dying economic system in utterly futile efforts to fend off a looming super-Depression and world economic crisis.

Yet as becomes more clear every day, far from maintaining the current global structure, created by U.S. bankers and diplomats and dictated to the rest of the world back in 1944, all these efforts are just accelerating the disintegration of the Old Order.

There is a supreme irony to this, for the most important creator of the Old World Economic and Financial Order – the one that is now disintegrating as we watch – was none other than the patron saint of liberalism – a man who has become a non-person in the United States in the past 40 year “Age of Reagan” (as I explain in my 2015 book “Cycles of Change“) – legendary 32nd President of the United States President Franklin Roosevelt.

It is fascinating to watch Democratic Party leaders today as they desperately try to conjure up the great appeal and success of the only man ever to win four U.S. presidential held up Roosevelt’s leadership through World War II as a model of leadership for today.

That should be entirely true, But neither current (and sinking fast) putative party nominee Joe Biden nor his always-collapses-at-the-crucial-moment Senator Bernie Sanders haven’t a clue what they are talking about.

Two factors were central to Franklin Roosevelt’s extraordinary success as a war leader – and Sanders and Biden are both pathetically blind to both of them:

The first was Roosevelt’s unhesitating and consistent support for his allies, especially the unprecedented flow of Lend Lease aid in food, trucks and other equipment to the Soviet Union which was carrying the main burden of the combat war against Nazi Germany almost single-handedly.

The second was the remarkable fiscal prudence and caution Roosevelt showed throughout his presidency, especially in his creation of the landmark Social Security program.

Roosevelt was vastly more cautious and even cynical in developing this program to give financial support for the first time in history to aging Americans.

Although the landmark congressional legislation was passed in 1935 and became law on August 14 of that year as part of the so-called “Second New Deal,” financial contributions out of the pay checks of all legally working Americans only started to be withdrawn in 1937. Even then, it was still another three years before the first U.S. citizen ever to receive a check from Social Security picked it up: That was 76-year-old Ida Fuller of Vermont on January 17, 1940. Her first check came to the generous sum of $41.30.

From 1935, when the legislation was passed to vast popular acclaim, it was another six years at the height of the Great Depression, when more Americans were starving and dying of poverty and related hardships than ever before or since in the nation’s history before a single individual actually got any benefit from it.

The actuarial calculations on which Roosevelt designed Social Security were even more cynical and ruthless.

Social Security was to be paid to retirees after the age of 65. But at the time, the median age of Americans was 61. Only a tiny privileged minority survived to the age of 65 or beyond.

Roosevelt practiced exceptional caution to keep the U.S. economy and currency stable during the New Deal and the Great Depression. Contrary to popular (Republican) myth, he was adamantly opposed to bankrupting the country either in his own time or in that of his grandchildren. “It is almost dishonest to build up an accumulated deficit for the Congress of the United States to meet in 1980,” he famously said. “We can’t do that. We can’t sell the United States short in 1980 any more than in 1935.”

Roosevelt’s exceptional caution contrasts with the wild spending both Republicans and Democrats from Bernie Sanders to Donald Trump have been practicing, driving their country into final bankruptcy during the current coronavirus crisis.

Comments financial analyst and former London merchant banker Martin Hutchinson in his May 4 “Bear’s Lair” column, “the CBO (Congressional Budget Office)’s estimate of budget deficits of 18% of GDP in 2020 and 10% of GDP in 2021 are truly frightening. …they bring the likely bankruptcy of the U.S. government much closer than seemed likely previously, probably to around 2030.”

Indeed, given the terrifying vulnerability of the U.S. financial system to the collapse of the $2 trillion junk bond market used to financial the collapsing fracking energy sector, projecting a meltdown U.S. financial crisis a balmy ten years ahead seems wildly optimistic.

In fact, the road from Franklin Roosevelt’s cautious callousness in designing Social Security so that it would not pay a penny to those who needed it for another five years (until, indeed, the Great Depression was already over!) to the “spend endlessly, spend now” crazed panic of both Republicans and Democrats is a very clear one:

It is the road of palliative Western liberalism, open borders and global Free Trade: It is a road that inevitably leads to ever huger debt burdens, ever-declining standards of living and inevitable ruin.

By contrast, the extremely fiscally cautious, highly conservative financial policies that Russian President Vladimir Putin continues to follow get no respect from the spendthrift, zero interest rate maniacs on Wall Street. Yet it is Russia that is currently in a far stronger position to ride out the global financial as well as pandemic crises than the United States.

In statecraft and economics as in architecture, the most important issue is not how high you build but how well you build and how deep you build – How good your foundations are.

The storm of pandemic is already heralding the storm of financial crisis. That crisis can indeed be solved, but only by abandoning the old shibboleths, the old false gods that, as Dostoyevsky predicted at the very beginning of our modern industrialized, interconnected Age, would inevitably bring us to our ruin, unless reined in and reversed in time.

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance

April 30, 2020

ZeroHedge, a response to Mr. Littlejohn & the future of dollar dominance

by Ramin Mazaheri for The Saker Blog

It was very pleasant and informative to read Mr. Gary Littlejohn’s April 19 article, Strengthening the US Dollar: Comments on Ramin Mazaheri. I am very happy that he agreed with my article No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all, which sought to temper the eager glee of those whom I call the “dollar demisers” with some historical facts and socialist-based analysis.

What it seems Mr. Littlejohn essentially did was combine my analysis with a very popular article from “high finance dissident” site ZeroHedge, “Down The Rabbit Hole” – The Eurodollar Market Is The Matrix Behind It All, penned by Michael Every of the Netherlands’ Rabobank, and then add his own considerable insights and commentary.

Mr. Littlejohn wrote such a fine article that I am happy to respond to both his and ZeroHedge’s articles.

He began, ”This supportive response aims to provide recent relevant evidence that many of the likely changes Mazaheri describes are already happening very quickly.”

Things are indeed happening very quickly, but they could also be arrested quicker than people think. My article was a counterweight to the idea that the US (and their Western allies, and their client/puppets) is somehow entirely out of control of this process – it is not. I hope that I have overestimated a prediction of 20-30 years more of dollar dominance, but my article demonstrated how from 2008-20 they have more than just weathered a Great Recession they primarily caused. There will be a true anti-dollar revolution, but nobody can accurately predict any revolution – who could have even predicted this Great Lockdown hysteria?

I’m very glad Mr. Littlejohn agrees with the class-based analysis that the 1% is indeed international – it is not some tinfoil-hat conspiracy claim. This fundamental tenet of socialist analysis seems odd in the West only because it is so rarely said – after all, hedge funds, billionaires and wannabe-billionaires decide the editorial policy of Western media.

But, above all, this remains a competition between two ideologies: capitalist-imperialist cultures (and their repressed client states) and socialist-inspired cultures. The latter culture acknowledges this openly – the former hide and denies it, famously declaring an ideological “end of history“. Both of these cultures remain supranational in scope and reach, even if capitalist-imperialists continue to falsely assume their global political dominance and persist with their “clash of civilisations” (which first came for the Muslims) with a book of self-flattering “universal values” at the tip of their spear.

What Westerners have started to realise – 2008 began this process and the looming 2020 crisis will accentuate it – is that the neoliberal empires they cheered on always intended to come for their 99% as well. For proof just look at Greece, the Yellow Vests and the decade-long austerity self-cannibalisation of the Eurozone. There are those who believe the upcoming explosion of this critical mass will cause the revolution implied by the fall of the dollar – this article will pose an alternative view; it’s a view which Westerners cannot even conceive of much less discuss because – of course – they have no enemies, There Is No Alternative, their ideology conquered even before their armies arrived, they are so willing to die for their own rightly-guided governments… right?

Mr. Littlejohn was right to marvel at the primacy of Western/international high finance in his discussion of the enormous consequences of the recent decisions by the Fed & ECB to purchase corporate bonds.

If we care about our nation, then we must ensure corporations and individuals (and in the US corporations are now legally treated as individuals, in a major 1%er victory) are legally and fiscally subservient to not only our nation’s laws but our nation’s moral values (i.e. the spirit of the law). Capitalist-imperialist ideologies do not have this type of patriotism: their patriotism, due to a system predicated on competition and not cooperation, cannot be displayed via this positive defense but only via a very negative attacking – be it Putin, Russia, Muslims, those on the other side of the political aisle, socialists, the Iraqis, the Vietnamese, the Algerians, etc.

Mr. Littlejohn writes of the corporate debt purchases: ”This seems to allow the development of a possible strategy that discriminates against foreign-owned companies (such as Chinese-owned Huawei) to be starved of Fed funds.

Indeed it does. But nations have a right to defend themselves (like with protectionism), after all; contrarily, national aggression (like with blockades) is the cardinal sin of international law. The new Fed-Treasury open alliance, with BlackRock as their bureaucratic arm, is a problem for the American citizen in that the priority is not the elevation of American corporations/individuals, but of Western/international high finance.

This lack of patriotism is rightly offensive to the many Tyler Durdens of ZeroHedge, but because they reject socialist analysis they don’t fully understand it nor can they proffer actual solutions instead of a useless, destructive Fight Club-esque rage.

ZeroHedge: the West does not rule the whole world, try as they might

It’s important to note the very fair criticism often made of “dissidents-but-not-really” like ZeroHedge: they have been wrong for years. They keep saying that capitalism is about to collapse because just look at this excellent data we culled and this fine analysis… and yet it has not collapsed. This doesn’t make ZeroHedge permanently wrong, necessarily – it could make them ahead of the curve. Mr. Littlejohn was quite right in relying on them as he did.

I also wonder if ZeroHedge would do any better if they were put in charge of the Western economy? ZeroHedge’s editorial line is resolutely Austrian/Chicago economics. They do not publish any articles advocating socialist reforms, but they do publish many anti-socialist diatribes which may or may not be reprinted from the 1930s. Indeed, I am always flattered when they do occasionally reprint some of my geopolitical articles, and I definitely find it very amusing because many of the comments are – and this is a direct quote: “This is the worst thing I have ever read on ZeroHedge!” LOL!!! Well, they are based around socialism, not Austrian/Chicago economic brutality, selfishness and egotism. But when it comes to economics ZeroHedge is not about providing balance and objectivity – they are trying to protect their investments.

But in most newspapers the best, objective hard news about foreign countries is actually found in the business section – they need some truth because they are trying to protect their investments. ZeroHedge is indeed indispensable during this economic crisis because of their excellent taste in culling key hard business news from around the world – we can never find such contrarian-yet-factual, everything-is-not-100%-rosy, up-to-the-minute hard news at any of the Mainstream Media business sections or websites. ZeroHedge knows what to look for regarding Western economic problems and it wants them fixed – they are trying to protect their investments.

One of the favourite sources of analysis for ZeroHedge is Rabobank. Perhaps it is because they are Dutch, and their “junior partner” status in the North European strangulation of Latin Europe gives them some pause regarding the ruthlessness of the Germanic-Austrian-Chicagoan mindset? Perhaps because it is a bank based not only around cooperatives but agriculture as well that they have a very un-New York City view on the desirability of empire? Or maybe not… anyway.

As Mr. Littlejohn wrote of their “Rabbit Hole” article: “It treats the global market for Dollars under a single label, namely Eurodollars, but if one adopts that approach then it tends to downplay the historical significance of the rise of the petrodollar….” Indeed to both assertions – calling the eurodollar the “matrix behind it all” is rather magical thinking – it would be nice if the flaws of capitalism-imperialism could be entirely sourced to this one issue but, alas…. I think Mr. Littlejohn may agree with me that Every overrates the exceptionalism and risk of eurodollars. It’s very name is misleading – “globodollars” would be more accurate than “westdollars”, as socialist countries have participated. Eurodollars are a key part of offshore banking money laundering – they are not some new development – and I will discuss later how they are still, in application and spirit, dollars.

Yet the Rabobank analysis of the future of dollar dominance by Every is useful and has great merit. Here is how Every sees the possible outcomes of this QE Infinity post-corona hysteria world:

“Indeed, look at the Eurodollar logically over the long term and there are only three ways such a system can ultimately resolve itself:

  1. The US walks away from the USD reserve currency burden, as Triffin said, or others lose faith in it to stand behind the deficits it needs to run to keep USD flowing appropriately;
  2. The US Federal Reserve takes over the global financial system little by little and/or in bursts; or
  3. The global financial system fragments as the US asserts primacy over parts of it, leaving the rest to make their own arrangements.”

Thus, the first possibility is for the US to abandon dollar dominance via essentially declaring bankruptcy/refusing to pay debts.

The third possibility is for the global financial system to collapse and for the US to assert primacy over parts of it. But this idea is inherently flawed: socialist-inspired systems would NOT fragment, due to the independent, anti-capitalist, anti-Western nature of their systems.

Argue all you want about how China, Iran, Cuba, Vietnam and others would be negatively impacted by the Great Depression II, but I will argue just as long about how all their laws, governmental economic control, and a culture of interventionism will allow socialist-inspired nations to weather this storm EXACTLY as they have weathered Hot War, Cold War and Western blockades. This report for PressTV I did from Havana on “How the Cuban blockade works” opens with a rare sight in Cuba: a billboard. It reads “The blockade: the longest-running genocide in human history.” What is Great Depression 2 compared to that, at least for Cubans?

So I would not be arguing small points, indeed: Cuba exists, Iran exists, China exists – all resist. Every fatally assumes that the West and the entire globe are synonymous – they absolutely are not!

Thus, option three’s critical mistake is seemingly caused by common Western arrogance: It is not “The global financial system fragments” but the “WESTERN financial system fragments”. Again, this is not a small difference between our analyses: the West does not run the entire globe, try as they might and as self-flattering as that has been for them to insist. Here is the new, corrected option #3:

The WESTERN financial system fragments as the US asserts primacy over parts of it, leaving the rest to make their own arrangements.

The West’s incestuous 1% will maintain their primacy over the West and their most-favoured puppets, i.e. no change, except for the obvious, looming degradation of THEIR financial system.

Yet Every seems to believe some clients will perhaps slip away from the US/West – really? When he writes “leaving the rest to make their own arrangements” he is completely vague, probably because he is used to equating “the West” with “the world”: how can a nation leave the world, after all? No wonder he is vague. What Every fails to see is that any nation making “arrangements” outside of the West’s orbit can only go over to a necessarily China-focused – which is to say, a socialist-inspired bloc-focused – arrangement which is indeed already in place.

How can it not be binary in this fashion?

Is Every saying that some nations will soon adopt the 1979 slogan of the Iranian Islamic Revolution – “Neither East nor West but the Islamic Republic of Iran”? That would be quite interesting and I would cheer very loudly… but I do not expect that many nations will reclaim their sovereignty in such an emphatic fashion in 2020. Every is predicting revolutions (and many of them), which is even riskier than predicting a date for a Covid-19 vaccine.

And why should we be optimistic, when all it takes is some bribes and just a couple thousand soldiers to hold a nation’s capital, transportation hubs and sources of natural wealth (as in all over West Africa with France) – why would the Western 1% just “leave the rest” alone? That would be terrible for the capitalist bottom line: if France stops getting African uranium for peanuts then the consumer costs of their nuclear-dependent energy system will skyrocket, to give a single example among many. Thus, any nation which says to the West that they want to “make their own arrangements” will either need strong patrons (i.e., the anti-Western socialist-inspired bloc), or 1979-Iran style determination for true independence.

Anyway, no nation is a (geopolitical) island – Iran’s turn away form the West necessarily implied a turn to the East, and today they are China’s most trusted non-Oriental ally. Every, in a historical nihilist fashion, negates the existence and reality that There Is An Alternative… sorry Westerners, this IS real and is not some mere fad.

While the US (which leads the Western 1%) may say, “You want your money? Come get it,” (option 1) they will definitely not abandon neo-colonialism (option 3), which is so very, very profitable.

Thus, we appear to be stuck with option 2 – “The US Federal Reserve takes over the global financial system little by little and/or in bursts;”.

But we are not: Every is entirely mistaken to present that as some sort of new development!

The Western central banker collusion which was the “solution” to the 2008 crisis was based around following the diktat of top US bankers regarding when to issue QE and when to enact ZIRP (Zero Interest Rate Policies). Discussing this evidence that the Fed has colluded with the central banks of their allies was the basis of my 10-part series on the Western “bankocracy” from last winter, but the idea that bankers collude is not at all a new development in socialist thought.

Therefore what will happen is his third option, but accurately modified: The global Western financial system fragments, as the West asserts primacy over as many puppets/clients as possible, but the persistent economic success of the socialist-inspired camp attracts fresh allies.”

Such a development is entirely in keeping with my original article’s thesis of continued, but not endless, dollar dominance. The competition between two ideologies has never ended: the fallout from the corona hysteria may indeed bust out capitalism-imperialism but it cannot & will not cause the socialist-inspired camp to suddenly quit just as their popularity and relative strength is about to peak; just as after 2008 China peaked so high that they were able to end the (allegedly) “unipolar” world.

So where do we go from here? Answer: a slow decline for the West, which – again – is NOT the entire globe

I will keep saying it because it is true: Even if we judge via their own capitalist metrics, China, Vietnam, Iran – these countries have soared over the past four decades while the real economy of the West has been trashed. Iran only began to have postwar hardship when the inhuman Western blockade ramped up with the EU, US, UN triple sanctions of 2011. Even Cuba has had more economic growth and stability since the end of the Special Period (the fall of the USSR) than the West! ZeroHedgers will protest, “But we said not THIS capitalism (the neoliberal form)”, but it’s not like they have remained anywhere but the powerless fringe and, anyway, that is not my problem.

So a “slow decline” is imprecise journalism – it is a continued decline. Maybe a drastic plummeting in dollar dominance is indeed around the corner, but anyone in April 2020 who says they can predict the future is lying.

So what was Every’s take on the most certain scenario? We should learn it because despite its flaws, caused by its unbalanced and blinkered pro-“capitalism with Western characteristics”, it’s a very fine article.

“In other words, the BIS (Bank for International Settlements) is making clear that somebody (i.e., the Fed) must ensure that Eurodollars are made available on [a] massive scale, not just to foreign central banks, but right down global USD supply chains. As they note, there are many practical issues associated with doing that – and huge downsides if we do not do so. Yet they overlook that there are huge geopolitical problems linked to this step too.

Notably, if the Fed does so then we move rapidly towards logical end-game #2 of the three possible Eurodollar outcomes we have listed previously, where the Fed de facto takes over the global financial system. Yet if the Fed does not do so then we move towards end-game #3, a partial Eurodollar collapse.”

Again it’s a fine analysis but hobbled by the same two flaws: Every does not realise that #2 (“where the Fed de facto takes over the global financial system Western financial system”) has already happened, although it certainly must increase in order to forestall #3; and he does not realise that the Fed will NOT take over the financial systems of the “socialist-inspired bloc” with any amount of QE due to the laws, culture and modern history of said bloc. I hope it’s clear where Every goes astray and why.

This is also not my problem, but: To preserve the Western system we should assume that the long, LONG-awaited downloaning of Western QE “right down global USD supply chains” has finally come. However, it has come too late, and it has only finally arrived on top of the economic disaster which is the suicidal (for the West’s lower classes) Great Lockdown, and it will be expressly designed to be just enough downloaning to forestall mass domestic revolt yet not enough to prohibit the endless increasing of the 1%’s market concentration.

QE Infinity (barring an absurd amount of downloaning, which is politically impossible and would amount to a debt jubilee) cannot forever forestall a dollar collapse, but the “dollar demisers” falsely believe that fiscal policy/money issuance is the only tool the Western elite has. The end-of-the-dollar-revolution will not occur after, as I wrote in my first article, rounds of QE are rotated among different allies, and – as needed – massive Western propaganda campaigns, very watered-down but socialist-inspired concessions to the 99%, debt moratoriums, military distractions and maybe even World War III. Maybe even World War IV, too, and this is why I don’t exaggerate against a culture which believes deeply in their “clash of civilisations”:

The Western 1% simply cannot get “in” the socialist-inspired bloc or the yuan – after all, the aristocratic class in Iran, Cuba, China and elsewhere was totally expelled (to the West) – think they won’t make the dollar their “last stand” and use all their tools? As always, the West underrates the totalitarian nature of their most successful sons and daughters, but Iranians, Cubans and others do not. Yes, the economic scale of the crisis in 2020 is (potentially) revolutionary, but anyone who says it has already gone beyond the capacity of the Western 1% to rein it in and keep profiting… all this accuracy-driven journalist can say is, “Maybe, it’s still early.”

At the heart of Every’s argument, ZeroHedge’s complaints, Austrian/Chicagoan indignation that a national economy is indeed the same as a household, and also the West’s many “dissidents but not really” is a common theme that capitalism will implode because they cannot keep “rolling the debt over”. This is essentially echoed by Trotskyism, which holds that capitalism will eventually crumble under the weight of its own contradictions. (It is also notable that all these Westerners also think that the West – which has no enemies, which has no competition, to which no credible alternative exists – can never be defeated, only implode. More arrogance, but I have digressed.)

But they can keep rolling it over.

Again, they can keep rolling it over.

Every believes that the “eurodollar” is so very risky and exceptional because, “They (are dollars which) are not under the US’ legal jurisdiction, nor are they subject to US rules and regulations.” What he has ignored is that the high-finance holders of these dollars and markers are still very, very much informal upholders of the US-led Western system: Every has ignored culture, psychology and history in favor of a purely legal view of these eurodollars, instead of how the owners of these eurodollars operate in practice.

The Caymans, Luxembourg, Switzerland, Hong Kong and Singapore (all in the top 13 for eurodollar-dependant nations) – we should be worried that these tax havens will disobey the US and jeopardise the system? We should believe that they are even being honest about their claimed dollar reserves? We should be worried that the 1% is going to start sending their dollars to the average person instead of into these tax havens, creating a liquidity crisis? Anyone who has their money in the Caymans is certainly a parasite on society – we should worry for them, or fear them creating a “moral hazard” reckoning-implosion of the Western financial system? If all these eurodollars in the Caymans disappeared the real global economy would be fine – some rich people would be forced to get by on what’s in their Swiss bank accounts. Eurodollars are a problem – they are often the imaginary credit used by the elite who manipulate the West’s imaginary FIRE/QE economy – but there are bigger fish to fry in April 2020.

However, at root the Eurodollar system is based on using the national currency of just one country, the US, as the global reserve currency. This means the world is beholden to a currency that it cannot create as needed,” – exactly: a large percentage of these tax-haven eurodollars are hoarded, immorally stolen dollars, but they are still dollars. Again, they are not being held by the types of people who can be called “revolutionaries” or “patriots” or “moralists”, LOL – they will not be used in international warfare against the West because they are part of a truly supranational 1% Western financial system. They are held by people who are very over-leveraged, true, but these are not people whom repo men visit, eh? Again – it’s still the dollar which is in charge, and the dollar is on the 1%’s side, not America’s side.

Every’s “nationalist” view – that the Caymans are about to make a geopolitical power play – lacks the wider, better perspective provided by the socialist lens: the Western 1% can indeed collude to create more dollars as they need, and they have since 2008. This group can, “keep USD flowing out or else a global Eurodollar liquidity crisis will inevitably occur”, which Every mistakenly fears. They can indeed keep “rolling it over” via QE Infinity – the fact that QE Infinity is a term which journalists finally devised came up after years of foolish waiting for QE to end shows that the Western 1% has a very sound, but immoral, grasp on reality.

Fundamental question: Why would the West stop rolling it over?

If you ask ZeroHedge they might say – with an oxymoronic “capitalist idealism”: because we can’t reward excessive greed nor failure. LOL….

But who among the West’s high-finance 0.01% will be the class traitor who calls in the marker which implodes the system? He or she would implode his or herself, as well. The West is so big it is not just one person who can implode it, anyway: there is no single marker with a “quadrillion” after the number.

And forget mass domestic protests (which will be banned for months and months in the few Western countries which actually have a protesting culture) because whoever heard of mass protests for “reformism” (which is all Western semi-dissidents propose)? That is nonsensical – mass protests either lead to revolution or they fizzle quickly in the “can’t we all just get along”, middle-class, political status quo-ism which defines the West’s eternally anti-socialist culture.

Thus there is no saviour – individual or national – to be had – there is only long, hard opposition via socialism, which is an entirely new system that has fixed the errors of the old capitalism-imperialism system. Therefore the only entity which could cause the system to explode – if we are being pragmatic – is a bloc led by China. Only they have they weight, combined with their allies, to ever break the dollar’s dominance. But they are not going to do that next Tuesday:

They are not economically strong enough, nor are their few allies, nor do they have enough allies, nor could they be aided within a Western society which has nearly no “5th columnists” but merely “semi-dissidents” whose greatest minor achievement is to not want more war/blockades with the socialist-inspired bloc (because it could blow up the planet, negatively affect the rainforest, trigger negative emotions, disrupt the avocado-toast supply chain, etc.). Look at where we are in April 2020: it is a radical, unheard of idea to be reading of any “socialist-inspired bloc” – how can we say that China today is anywhere as omnipresent and dominant as the USSR-led bloc was in, say, 1945, ’55, ’65, ’75 or ‘85? Many of you right now are denying this idea that in 2020 there is any possible “socialist-inspired bloc” – remember that your (likely) reactionary grandfathers and grandmothers had no such illusions of their total victory.

This relative weakness, this inability to provide an alternative to dollar dominance, is why Iranians will tell you: China is not going to “save” anyone except for China, because they are not strong enough. Iran was the first non-Oriental country to learn this fact, even if some in Iran haven’t learned it yet.

However, what China will do is work with you – they will create long-term plans with you (as China and Iran have done on the Belt and Road Initiative) if you prove your socialist and anti-imperialist bonafides. They will work with you even if you are imperialist-capitalists – it is the only way to gain strength and ultimately beat them.

Every, ZeroHedge, the countless Western Rabobanks – they believed the socialist-inspired bloc had been crushed; they are incredibly upset that the 2008 Great Recession and the phony QE “solution” has permitted China to rise and have the temerity to question their neoliberal, neo-imperial, greedy “universal values”. China is indeed now a threat to the West but it is not yet what the USSR was for decades – a concrete alternative which was willing to foot your bills (the USSR was the only empire where the centre bled for the periphery) while your national culture reforms itself away from imperialist ideals in order to (don’t you get this yet?) break the grip of international high finance on your people.

Thus, the dollar will not be beaten next Tuesday.

This is why corona hysteria will ultimately be manipulated by the Western 1% to strengthen the dollar, i.e. – their dollar and not America’s dollar. Barring reforms – and I have seen none which hyper-financialisation did not take advantage of since 2008 – 2008 will only largely repeat itself.

Indeed, it would take a revolution for a Western crisis to be unsuccessfully manipulated… but “semi-dissidents”, i.e. liberal reformists, hold out that mere false hope. They don’t see – like China, Iran, Cuba and others – that the Western 1% will do, like Mario Draghi of the ECB, whatever it takes to maintain their neoliberal empire.

The proof that this analysis is correct could not be more clearly illustrated than by World War I: a war started by international high finance to forestall the victory of socialism and to defend capitalism-imperialism despite its failure for their 99%.

Mr. Littlejohn grasps these historical concepts, and their political-moral implications, far more than the rabidly capitalist ZeroHedge and their preferred analysts.

Mr. Littlejohn and the dream of Eurasia, a concept which strikes down European exceptionalism

I disagree with Mr. Littlejohn where he gives his extension of Every’s three-outcome analysis:

Even a partial Eurodollar collapse would do serious damage to those countries (more than half) which have sought emergency IMF support, and so this new power gives the Fed enormous political leverage over most major economies and over multilateral agencies such as the IMF, the World Bank or even the European Union [EU]. Given that Trump sees the EU as a potential competitor to the USA, and given the low proportion of US Dollars that its major economies have in relation to their trading needs, the EU is very vulnerable to US economic pressure in the present circumstances.”

Indeed, the developing world who are Western clients and not socialist-inspired clients will have huge problems very shortly. The impact of the Great Lockdown hysteria on the developing world is another article I have been meaning to write, but it will be an extension of Part 3 from the “bankocracy” series: QE paid for a foreign buying spree: developing countries hurt the most.

However, while Trump (who looks even riskier post-corona to the 1% free-trade globalists than he did in November 2016, when they did all the could to prevent his election and his protectionist ideas) may personally see the EU as a competitor, the many people richer than him know that this is not the case – the US and EU will continue to collude. Ergo, not only does the Fed want that “enormous political leverage” but the European 1% wants the Fed to have it, too. The dollar needs to remain in charge for the Western financial system to profitably continue for Europe’s 1% – the structure of the Eurozone was penned by the US for precisely this reason, as was the Plaza Accord for the yen. (As I wrote in the final part of a 7-part series in 2017, which socialistically examined the QE crisis in the Eurozone, “With the Plaza Accord of 1985, Japan adopted the US-orchestrated neoliberal changes that were designed to suck the surpluses from Japan back into the United States.”)

Thus the Fed’s sidelining (outspending) of the IMF and World Bank (but not the ECB, as they can print money) should be viewed as what it is – increased market concentration which will profit the Western 1%, as predicted by Marx. Every’s analysis is so unblinkered-capitalist that he likely cannot see this Eurogroup-Fed alliance, but the fine analyst Alastair Crooke alludes to it; however, Crooke still fails to use the socialist class analysis lens and instead fundamentally looks at such global political changes via a slightly-wider but still outdated nationalist lens.

Europe’s 1% may publicly gripe against the Fed’s decisions but they cannot go against them without effectively declaring war on the dollar. The US, Eurozone, Japan, and Saudi economies, plus their clients, are all intertwined – happily, for their 1%. If they did declare war on the dollar they would only have two options:

  1. Join the socialist-inspired bloc – this means renouncing capitalist-imperialist culture, and that will never happen.
  2. Europe carves out a “Third Way”, in a drastic revolution to the binary ideological system which has raged for over a century. This revolution has been so very often discussed in Europe but it has never, ever happened precisely because Europeans are so very devoted to their capitalist-imperialist culture. They have proven that they don’t want a Third Way, should one even exist. Talk of a “Third Way” has proven to be merely a way for Europeans to arrogantly assert their alleged exceptionalism/chauvinism. At some point they will give up and embrace “Eurasia”, but that is a ways away.

I think Mr. Littlejohn need not worry about “if the Euro collapses as a currency in the coming depression” – the euro, the yen and the dollar will all strengthen in a crisis because that is when investors seek safe havens and these are three of the four biggest global economies in what is soon to be an increasingly economically-depressed global market. All three also collude to fix their currencies relative to each other, due to the interconnected nature of the Western 1%, so while they will jockey for position for export power it is only within agreed-upon limits as it is as a fundamentally-united trio, and also fundamentally (as of 2008) united against the yuan, the champion currency of the socialist-inspired bloc.

So, overall, I think perhaps Mr. Littlejohn underestimates the way the euro/EU can burst free of these bonds to become a sovereign counterweight to the dollar/US, and also that Europe will embrace a culturally-unwanted idea of Eurasia anytime soon. Crooke does a good job in his article of linking the actions of the Fed with what I wrote about in Part 3 of the 2017 series, The hopelessly corrupt structure of the Eurozone & the Eurogroup. I think we simply have to look at how then-Economy Minister Emmanuel Macron organised the takeover of national giant Alstom Energy for GE in 2015 to show that Europe’s leaders will prioritise the US 1% (who are richer and thus have more influence ) than the EU’s 1%. It’s not a “new” or “slow” decline for Europe, but a “continued” decline as well.

Europe does not want sovereignty, which is a modern concept; sovereignty has become “modern” because it has been wiped out by Western-led globalisation. The neoliberal (and thus also neo-imperial) empire which is the EU does not respect sovereignty but suppresses it, as Europe is obviously NOT modern.

It’s difficult to change the matrix which modern Western commentators place the world upon – nationalism, imperialism-as-inevitable, chauvinism against non-Western cultures, existentialism (the feeling of being trapped due to not perceiving any alternative) and the historical & political nihilism which is the legacy of WWII.

It’s thus a radical, unheard of concept which still easily upends Every’s analysis – the West is NOT the entire world. New York, London, Paris and Tokyo will grow even more powerful post-corona due to even-greater wealth/market concentration, but their Greeces, “Flyover Country” and their developing world clients will continue to be bled. And as Western inequality, dominance, militarism and market concentration re-doubles amid their supranational financial system chaos, a whole other bloc is poised to not just weather the storm but thrive amid the post-corona chaos precisely because they rejected the Western legal and cultural system.

It’s not that as if these entities didn’t all collude to try and stop China’s rise – WWII was only more murderous to the Soviets, after all – it’s that they could not. It’s not as if they didn’t beg the CCP to change their laws to allow foreign control of Chinese industries – it’s that China would not. The West finally gave up because the CCP made the Western 1% too much money while still retaining control and serving the Chinese people. It’s not as if the West hasn’t tried to get Iran to go “neoliberal” (LOL) and sell off the 90% of the non-Black Market, non-carpet economy which the Iranian government controls – it’s that they could not. It’s not as if the West hasn’t tried to break Cuba, North Korea and others – it’s that they could not.

You cannot stop an idea, especially a superior idea.

My original article was aimed at the hasty, gleeful “dollar demises” and sought to, as the French say, “put some water in your wine”. The West’s “double bubble economy + Great Lockdown hysteria” crisis now is indeed enormous, but it cannot possibly ruin the socialist-inspired bloc – only themselves because that is THEIR economy, not ours.

That is a very sober – and not immoderately gleeful – analysis from the socialist-inspired bloc.

Mr. Littlejohn is on the right track and hopeful that Europe will come around – who would argue with hope in right action? I would remind Mr. Every that there IS an alternative and that it is not new. I would remind ZeroHedge that socialism does not ban competition and that socialism WILL win the binary ideological struggle, as they have been doing since 1980 (as ZeroHedge keeps pointing out via their fine documenting of the West’s continued economic failures).

I thank Mr. Littlejohn for his time, consideration and efforts.

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Corona contrarianism? How about some corona common sense? Here is my list of articles published regarding the corona crisis, and I hope you will find them useful in your leftist struggle!

Capitalist-imperialist West stays home over corona – they grew a conscience? – March 22, 2020

Corona meds in every pot & a People’s QE: the Trumpian populism they hoped for? – March 23, 2020

A day’s diary from a US CEO during the Corona crisis (satire) March 23, 2020

MSNBC: Chicago price gouging up 9,000% & the sports-journalization of US media – March 25, 2020

Tough times need vanguard parties – are ‘social media users’ the West’s? – March 26, 2020

If Germany rejects Corona bonds they must quit the Eurozone – March 30, 2020

Landlord class: Waive or donate rent-profits now or fear the Cultural Revolution – March 31, 2020

Corona repeating 9/11 & Y2K hysterias? Both saw huge economic overreactions – April 1, 2020

(A Soviet?) Superman: Red Son – the new socialist film to watch on lockdown – April 2, 2020

Corona rewrites capitalist bust-chronology & proves: It’s the nation-state, stupid – April 3, 2020

Condensing the data leaves no doubt: Fear corona-economy more than the virus – April 5, 2020

‘We’re Going Wrong’: The West’s middling, middle-class corona response – April 10, 2020

Why does the UK have an ‘army’ of volunteers but the US has a shortage? – April 12, 2020

No buybacks allowed or dared? Then wave goodbye to Western stock market gains – April 13, 2020

Pity post-corona Millennials… if they don’t openly push socialism – April 14, 2020

No, the dollar will only strengthen post-corona, as usual: it’s a crisis, after all – April 16, 2020

Same 2008 QE playbook, but the Eurozone will kick off Western chaos not the US – April 18, 2020

We’re giving up our civil liberties. Fine, but to which type of state? – April 20, 2020

Coronavirus – Macron’s savior. A ‘united Europe’ – France’s murderer – April 22, 2020

Iran’s ‘resistance economy’: the post-corona wish of the West’s silent majority (1/2) – April 23, 2020

The same 12-year itch: Will banks loan down QE money this time? – April 26, 2020

The end of globalisation won’t be televised, despite the hopes of the Western 99% (2/2) – April 27, 2020

What would it take for proponents to say: ‘The Great Lockdown was wrong’? – April 28, 2020

Ramin Mazaheri is the chief correspondent in Paris for Press TV and has lived in France since 2009. He has been a daily newspaper reporter in the US, and has reported from Iran, Cuba, Egypt, Tunisia, South Korea and elsewhere. He is the author of the books ‘I’ll Ruin Everything You Are: Ending Western Propaganda on Red China’ and the upcoming ‘Socialism’s Ignored Success: Iranian Islamic Socialism’.

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