Political Corruption and a New World Monetary Order
By Victor
Sperandeo with the Curmudgeon
Introduction:
We bring you several relevant
quotes along with Victors comment and analysis. Victor believes the dysfunction in the U.S.
Congress can largely be explained by the corruption of its members and
corporatism. We also examine if the U.S.
dollar will survive a New World Monetary Order?
Quote 1:
For the first time in its
history, Western Civilization is in danger of being destroyed internally by a corrupt,
criminal ruling cabal which is centered around the Rockefeller
interests, which include elements from the Morgan, Brown, Rothschild, Du Pont,
Harriman, Kuhn-Loeb, and other groupings as well. This junta took control of
the political, financial, and cultural life of America in the first two decades
of the twentieth century.
by Carroll Quigley (an
American historian, Georgetown University professor, and theorist of the
evolution of civilizations)
Victors Comment:
It is easier to make laws that
transfer wealth than to build companies that earn and accumulate it. As long as the
political power makes the transfer of wealth legalized privilege, then the
fighting for that privilege will occur!
What Santa Anna did to the
Alamo, President Joe Biden is doing to our southern border, and thereby
America. The policys goal is for no tariffs and cheap labor. Thats the essence of corporatism (a
collectivist political ideology which advocates the organization of society by
corporate groups, such as agricultural, labor, military, business, scientific,
or guild associations, on the basis of their common
interests). Also, to import more
immigrants to become voters to influence free stuff from a Democratic
viewpoint.
The bottom line is the
overturning of America and its liberty. Quigley
summed it up nicely: This system was to be controlled in a feudalist fashion
by the central banks of the world acting in concert by secret agreements
arrived at in frequent private meetings and conferences. Quote from Carroll
Quigleys Tragedy and Hope, Chapter 20.
Quote 2:
Like all predatory or
parasitic institutions, the states first instinct is that of
self-preservation. All its enterprises are directed first towards preserving
its own life, and second, towards increasing its own power and enlarging the
scope of its own activity. For the sake of this it will, and regularly does,
commit any crime which circumstances make expedient. by Albert J. Nock (American author)
Quote 3:
Beardsley Ruml, of
the Federal Reserve board from 1941 to 1946, asked What Taxes Are Really
For," gave the following answers:
Federal taxes can be made to
service four principle purposes of a social and
economic character. These purposes are:
1. As an instrument of fiscal
policy to help stabilize the purchasing power of the dollar;
2. To express public policy in
the distribution of wealth and of income, as in the case of the progressive
income and estate taxes;
3. To express public policy in
subsidizing or in penalizing various industries and economic groups;
4. To isolate and assess directly the costs of certain national benefits, such
as highways and social security.
Victors Comment:
From a Constitutional point
view #3. is used in an UNCONSTITUTIONAL AND CRIMINAL manner. The ESG
(Environmental Social and Governance) advocates are using it to kill industries
the globalists and government do not like.
When Congress and the Courts allow this to happen, it causes more than a
Dysfunctional Economy! It causes the decline of civilization as we know it
now.
Lets look at green energy
policies favored over conventional fossil fuels. Without Oil, Natural Gas, Coal and/or Nuclear power we will be set back 200 years in our standard
of living at best and that could cause massive deaths at worst.
How did this happen? A great
deal of Congress and the courts have been captured. - bought and paid for via
corruption. The laws on corruption are very weak and mostly non-existent for
politicians. Thats because they use
corruption the most.
Who was the last politician
that went to jail for corruption?
So, until the people become
activists as a unit, and organize and stop the loss of their liberty, they will
become SERFS! If you wish to fully understand how this is possible, please
refer to the Sperandeo/Curmudgeon article, Who
Controls the United States of America? Part II (it includes a
hyperlink to Part I).
Can the U.S. Dollar Survive a
New World Monetary Order?
Zoltan Pozsar
is a very well-respected Credit Suisse strategist, who worked at the Federal Reserve
and the US Treasury. His recent note, We are witnessing the birth of a new world monetary
order, is very apropos now.
We are witnessing the birth
of Bretton Woods III a new world (monetary) order centered around
commodity-based currencies in the East that will likely weaken the Eurodollar
system and also contribute to inflationary forces in the West.
Zoltan wrote this crisis is
not like anything we have seen since President Nixon took the U.S. dollar off
gold in 1971 the end of the era of commodity-based money. He said a crisis of
commodities could be unfolding. Commodities are collateral, and collateral is
money, and this crisis is about the rising allure of outside money over inside
money. Bretton Woods II was built on inside money, and its foundations crumbled
a week ago when the G7 seized Russias FX reserve.
When this crisis is over, the
U.S. dollar should be much weaker. From the Bretton Woods era
backed by gold bullion, to Bretton Woods II backed by inside money
(Treasuries with unhedgeable confiscation risks), to
Bretton Woods III backed by outside money (gold bullion and other commodities),
Zoltan believes the global monetary system will never be the same post the
crisis.
...
Victor on the Sustainability
of the U.S. Dollar:
·
The current U.S. government Debt to GDP ratio is 1.57 %
($31.466 Trillion debt to $20.039 Trillion Real GDP).
·
In 10 years, using growth rates from 2000 to date, the
U.S. debt will be $68.500 Trillion and Real GDP will be $24.475 Trillion or a
2.80% Debt to GDP ratio.
At that point, U.S. government
debt service expenses may be prohibitive to the point where the Fed must
monetize almost all the new debt which could result in hyperinflation and a
crash of the U.S. dollar.
...
End Quote:
In a hundred years to come my
people will not be fit for liberty. They do not know what it is
. Despotism is
the proper government for them.
by Antonio Lopez de Santa Anna
(Antonio de Padua Marνa Severino Lσpez de Santa Anna y Pιrez de Lebrσn)
Wishing you all the best for
2023; till next time
The Curmudgeon
ajwdct@gmail.com
Follow the Curmudgeon on Twitter @ajwdct247
Curmudgeon is a retired investment professional. He has been involved in financial markets since 1968 (yes, he cut his teeth on the 1968-1974 bear market), became an SEC Registered Investment Advisor in 1995, and received the Chartered Financial Analyst designation from AIMR (now CFA Institute) in 1996. He managed hedged equity and alternative (non-correlated) investment accounts for clients from 1992-2005.
Victor Sperandeo is a historian, economist and financial innovator who has re-invented himself and the companies he's owned (since 1971) to profit in the ever changing and arcane world of markets, economies, and government policies. Victor started his Wall Street career in 1966 and began trading for a living in 1968. As President and CEO of Alpha Financial Technologies LLC, Sperandeo oversees the firm's research and development platform, which is used to create innovative solutions for different futures markets, risk parameters and other factors.
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