Global Crisis: The Convergence Of Marx, Kafka, Orwell, & Huxley

Global Crisis: The Convergence Of Marx, Kafka, Orwell, & Huxley

The global crisis is not merely economic; it is the result of profound financial, sociological and political trends described by Marx, Kafka, Orwell and Huxley.
Having stripped labor of earnings and political power and extracted every last scrap of profit from over-capacity (i.e. globalization) and financialization, capital is now completely dependent on money-spewing central banks buying their phantom capital with newly printed currency, a dynamic that will eventually trigger a collapse in the purchasing power of the central banks’ phantom capital (i.e. fiat currencies).
Paraphrasing Wallerstein, “Capitalism is no longer attractive to capitalists.”

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popping-financial-bubble

The Everything Bubble, Fictitious Capital and Coronavirus

The moral of the story is that it is not possible to print wealth or value. Money in its paper representation of the real thing, e.g., gold, is not wealth it is a claim on wealth.
With regard to Investment banks like Goldman Sachs and the commercial banks they do not create value; they are purely rent-extractive. For example, commercial banks make a loan out of thin air, debit this loan to the would-be mortgagee who then becomes a source of permanent income flow to the bank for the next 25 years.
And what has all of this to do with Coronavirus? Well, everything actually.
The grotesquely over-leveraged world economy was heading for massive correction. The world was a bubble of paper money looking for a pin. It found one.

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New World Order

The Guide To Real History: Profit & World Domination

The sad reality appears to be that politics and ideologies are nothing more than bullcrap created to polarize opinions and divide the population, while central bankers don’t give a hoot if a country is run by democrats, communists, fascists, Nazis, dictators, socialists, green parties, a king or even plumbers, as long as the government maintains the plutocracy that enslaves the population through debt, that plunders our natural resources, and fully controls our economy through their money creation monopole.

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