Crying Wolf
The British financial journalist Martin Wolf has been writing about fiscal economics and globalism for more years than I care to remember. I met him many years ago at a seminar in London organised by my client at the time, Barclays Bank, and found him both erudite and charming. Sadly, his latest book The crisis of democratic capitalism predicts the flawed content in its title.
We do not have a crisis of democratic capitalism, we have a crisis of totalitarian monopolism.
The book was a depressing read for me because it confirmed a growing feeling I have: that it is the intelligentsia who have gone along with the New World Order's marathon Psy Op, and swallowed the confection whole without even sniffing the plastic icing on the cake.
The 382 pages are (as always with Wolf) very well written and knowledgeable. But the discernment between Truth and propaganda is disturbingly woeful. To quote him on Putin and Orban:
'Following the political example of Vladimir Putin in Russia, Hungary's Viktor Orban set his embattled nation against the world [with] a purported "will of the People" against individual rights....Putin's rule over Russia is a plebiscitary dictatorship - as is Orban's over Hungary....in such a system, the ruler can neither risk losing power nor, without a coup or abdication, be deprived of it.'
This simply isn't true and - equally important - contains massive sins of omission. Putin took over a post-USSR mess of Yeltsin corruption in December 1999. He was first elected President of Russia on 26 March 2000, and then re-elected in 2004, 2012, 2018, and 2024. He negotiated openly with NATO in 2014 to end the bloodshed between Russian speakers and others in The Ukraine. NATO and Washington agreed "Not to move a millimetre towards the RF border with Ukraine"....then placed a series of biowarfare centres directly along that border - while bankrolling the Pentagon creature Volodomore Zelenskyy to break the 2014 ceasefire at every opportunity.
As for Orban, he was first elected Hungarian leader in 1993, but lost the general election there in 2002. He left power with dignity, and after the old Communist lags screwed everything up, was returned to power in 2010...since when he has been re-elected four times.
Wolf's version of those years is pure NATO/Brussels obfuscatory spin. His bias in favour of US and EU imperial expansionism is confirmed when, later in the book, he writes:
'When a political system becomes fragile, anything can happen including the highly unexpected. That duly happened in the 2016 UK vote for Brexit and election of Donald Trump as US President. This was yet another "annus horribilis"'.
Er...not much respect for the Will of the People there, then. Indeed, go to the book's index, and you will see there is not one single reference for elitist directrice Ursula Von der Leyen, her EU Commission harassment of Orban's anti-Euro currency stance, or Volodomore Zelenskyy's completely unconstitutional two-times postponement of Presidential Elections effected under the clauses of his Hitlerite State of Emergency declared in 2022.
Yet somehow, Mr Wolf seems to have an unadulterated admiration for their 'protection of democratic values'.
Let's call a spade a spade here: I wouldn't particularly want to have lunch with either Putin or Trump...and if they're the best that 362.6 million voters can come up with, it's a very sad state of affairs.
Compliant econo-fiscal commentators do seem to persist in their view that neoliberal globalist economic ideas are merely another model of capitalism.
They are not. Big business on a global scale has but one aim: to snuff out competition, and then charge the citizen consumer zero-choice prices. Think Google, think Microsoft, think WHO, think Pfizer, Johnson & Johnson, Merck, AbbVie, Roche, Sanofi, and AstraZeneca. The managers of these concerns lie, hide data, fearmonger and censor at will to wield absolute unelected power over innocent human beings.
As I recently highlighted in these columns, the ultimate goal of all of them is to keep the plebs in their place, and themselves in permanent control.
The one question none of these vultures ever want to address is this: when is someone going to give Mutual capitalism a fair hearing?
That's to say, a form of entrepreneurial, socially responsible and empathetic capitalism wherein customer satisfaction and citizen potential are the key goals of business and government respectively.
By contrast, what we have is a weird 4% of our species determined to have it all...
Catherine Austin Fitts, a respected financial analyst, recently advanced a theory that the Federal Reserve (Fed), the Federal Reserve Bank of New York, and the U.S. Treasury are planning what amounts to a hostile takeover of global money. According to her view, the plan resembles a corporate tender offer, but instead of one company bidding for another, the United States is tendering for 8 billion global citizens. The instrument is not shares of stock but digital dollars issued in the form of stablecoins.
This theory is not an official policy declaration. It is a perspective on how current trends may converge, and it raises important questions about the direction of the global financial system. By embedding dollar-backed stablecoins into every smartphone through Apple Pay, Google Pay, and similar platforms, the U.S. could potentially pull individuals away from their national currencies and banking systems. Citizens of Bolivia, the Eurozone, or elsewhere could find themselves shifting into a dollar-linked digital ecosystem that bypasses their governments and central banks.
As I wrote above folks, it's monopolism.