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Gary's avatar

Read the following in Alex Krainer's recent substack:

"I was recently introduced to “The Great Red Dragon,” by L. B. Woolfolk, published in 1890. In broad strokes, the book documents the takeover of the American economy by British banking interests. Their methods entailed periodically flooding the economy with credit and generating a boom. Then, when the bankers' nets were full and everyone was in debt, the bankers would abruptly withdraw credit. The practice was simply predatory.

...The people and the press were suspicious enough to tag the winning tycoons of the era “robber barons,” but their attentions were usually distracted by frequent wars, including the Civil War (1861-1865). The 20th century opened with the crash of 1907 followed by World War I, then the crash of 1929 followed by 1930s depression, then World War II, and so on. During the recent decades, we seem to have sunk into a state of chronic economic crisis and permanent warfare."

Not new information to many, but interesting that back in 1890 keen observers were seeing the process being used by the money class to impoverish the Western economies to their own benefit. Seems the playbook still is being used, too few in the West realize that we are the tools of our ruling class, whose purpose is canon fodder in wars of profit or distraction. One might even suggest that the current moral degradation is also another distraction. No equitable society will ever be allowed to flourish until those chains of bondage are broken for good. And of course it is challenging for societies to focus on higher ideals whilst being constantly run through the cycles of poverty and war.

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Asgard2208's avatar

I think Kazakhstan chairs the meeting in July, but in any event, isn't Armenia a bit of a Trojan horse within the camp? And what damage could it do if it is either by reporting back to its masters or undermining agreements reached with the other members?

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