Pepe Escobar encapsulates much of what’s been reported at the recent summits and other meetings of Global Majority institutions, while indirectly answering some of my questions and observations made to him at his VK. It’s taken awhile but Russia and China have finally escalated their use of countermeasures designed to deal with the tools employed by the Outlaw US Empires, and we should see more action from them in that realm.
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.
Yep. The 19th Century Populists fought what they called the Money Power and knew their enemy well, coming closer than any other political movement in the USA to unseat it from power.
Between the crash of 1907 and the outbreak of WW1 in 1914, there was the creation of the Federal Reserve Bank, spawned and owned by international banking oligarchs, J.P. Morgan, a Warburg and others (a Rothschild representative?)- “The Creature of Jekyll Island “ tells the story of the initial meeting to work out the details of structure and ownership. This made possible the financing necessary for the purchase of arms necessary to go to war - which the US did in 1916 (somehow President W. Wilson abandoned his campaign pledge to remain neutral). Income Tax was instituted as well, ostensibly to help extinguish some of the dollars created by the Fed’s credit “window” ( and printing presses). The “roaring 20s” was fueled by rampant speculation and easy credit which predictably led to the Great Depression. FDR’s New Deal brought respite until WW2 put the nation into a wartime trance - rationing, women taking up factory jobs so that the men could go off and fight abroad. Then came the “baby boom” and the G. I. Bill which got the American Dream back on track. Sadly, citizens were turned into “consumers” - and now we find ourselves in debt and disenfranchised and addicted to an Internet that has largely been co-opted by “vested interests”. But now the Unipolar Hegemon with its dollar based financial system ( IMF, World Bank, SWIFT and BIS etc.) are about to go bust (“debts that can’t be repaid, won’t be repaid” - M. Hudson). Pepe’s superb post is a timely wake-up call- thank you Karl for making it available to those of us whose internet access is restricted! I should give a shout out to Ramin Mazaheri’s most recent SubStack post reviewing and critiquing French author E Todd’s recent book on the demise of Western civilization- definitely some “high calorie thoughtfood” to chew on- Bon appetít!
Apt indeed! And the unofficial start of summer for most of us- enjoy the day and I’m sure I’ll enjoy that SCF essay once you’re back at your desk. Many thanks for all your efforts!
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?
The Empire is trying to wriggle its way into every Global South nation. Russia's policy is not to dictate how a nation is to behave but it does warn it of possible consequences. IMO, all the stans know who their economic benefactors are and that's China and Russia. All stans have a role to play in Eurasian development and they understand that and are willing. Turkmenistan is the only one that's declared neutrality and it trying to stay that way, although it too knows where its bread is buttered. Creating the means to avoid second and tertiary illegal sanctions will solve many issues since those possibilities are what have nations spooked.
The two thorns are Moldova and Armenia, but for different reasons. Moldova's by far the more worrisome. Armenians know their economy is great because of EAEU membership, and they see what's happening to the EU. We closely watch because that's what's required.
"As usual, the key is breaking the Empire’s hold on the global financial structure, a point that’s not discussed by Pepe but known to be included within Russian and Chinese plans."
And which tribe controls that global financial structure, karlof1; would they be a special breed.... the chosen ones?
thanks karl.. i did read pepes article, but thanks for highlighting it here again.. i agree with your conclusions at the end... unfortunately time moves slowly sometimes and other times it happens very quickly, but for certain - it is hard to impossible to predict! russias approach has been slow and steady, but we are reaching a critical point soon as i see it.. zelenskys 5 year term is over and it will be harder to justify his continued lead puppet role here as i see it.. also he is being encouraged by the nato chief jens stoltenburg and probably others - uk for sure - to go for risker targets, the most significant being the early radar detection systems that are critical to russia, the voronezh radar system in armavir in particular....
that has to be a serious red line that has been breached and it is hard to know how russia responds to this... so - yes, the time frame seems to be speeding up here, but again - hard to predict how things unfold...
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.
Yep. The 19th Century Populists fought what they called the Money Power and knew their enemy well, coming closer than any other political movement in the USA to unseat it from power.
Between the crash of 1907 and the outbreak of WW1 in 1914, there was the creation of the Federal Reserve Bank, spawned and owned by international banking oligarchs, J.P. Morgan, a Warburg and others (a Rothschild representative?)- “The Creature of Jekyll Island “ tells the story of the initial meeting to work out the details of structure and ownership. This made possible the financing necessary for the purchase of arms necessary to go to war - which the US did in 1916 (somehow President W. Wilson abandoned his campaign pledge to remain neutral). Income Tax was instituted as well, ostensibly to help extinguish some of the dollars created by the Fed’s credit “window” ( and printing presses). The “roaring 20s” was fueled by rampant speculation and easy credit which predictably led to the Great Depression. FDR’s New Deal brought respite until WW2 put the nation into a wartime trance - rationing, women taking up factory jobs so that the men could go off and fight abroad. Then came the “baby boom” and the G. I. Bill which got the American Dream back on track. Sadly, citizens were turned into “consumers” - and now we find ourselves in debt and disenfranchised and addicted to an Internet that has largely been co-opted by “vested interests”. But now the Unipolar Hegemon with its dollar based financial system ( IMF, World Bank, SWIFT and BIS etc.) are about to go bust (“debts that can’t be repaid, won’t be repaid” - M. Hudson). Pepe’s superb post is a timely wake-up call- thank you Karl for making it available to those of us whose internet access is restricted! I should give a shout out to Ramin Mazaheri’s most recent SubStack post reviewing and critiquing French author E Todd’s recent book on the demise of Western civilization- definitely some “high calorie thoughtfood” to chew on- Bon appetít!
Crooke's SCF essay is a marvel! It will be married to more once I get going this very apt holiday Monday.
Apt indeed! And the unofficial start of summer for most of us- enjoy the day and I’m sure I’ll enjoy that SCF essay once you’re back at your desk. Many thanks for all your efforts!
Do read Simplicius's latest. I just finished and left a short comment.
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?
The Empire is trying to wriggle its way into every Global South nation. Russia's policy is not to dictate how a nation is to behave but it does warn it of possible consequences. IMO, all the stans know who their economic benefactors are and that's China and Russia. All stans have a role to play in Eurasian development and they understand that and are willing. Turkmenistan is the only one that's declared neutrality and it trying to stay that way, although it too knows where its bread is buttered. Creating the means to avoid second and tertiary illegal sanctions will solve many issues since those possibilities are what have nations spooked.
yes - armenia a trojan horse of sorts, but this must be obvious to others including armenians too at this point..
The two thorns are Moldova and Armenia, but for different reasons. Moldova's by far the more worrisome. Armenians know their economy is great because of EAEU membership, and they see what's happening to the EU. We closely watch because that's what's required.
"As usual, the key is breaking the Empire’s hold on the global financial structure, a point that’s not discussed by Pepe but known to be included within Russian and Chinese plans."
And which tribe controls that global financial structure, karlof1; would they be a special breed.... the chosen ones?
There's a host of corps and Empire controlled institutions that are the "special breed" that will be broken once their fiat goes broke.
And hence their extreme panic now.
thanks karl.. i did read pepes article, but thanks for highlighting it here again.. i agree with your conclusions at the end... unfortunately time moves slowly sometimes and other times it happens very quickly, but for certain - it is hard to impossible to predict! russias approach has been slow and steady, but we are reaching a critical point soon as i see it.. zelenskys 5 year term is over and it will be harder to justify his continued lead puppet role here as i see it.. also he is being encouraged by the nato chief jens stoltenburg and probably others - uk for sure - to go for risker targets, the most significant being the early radar detection systems that are critical to russia, the voronezh radar system in armavir in particular....
that has to be a serious red line that has been breached and it is hard to know how russia responds to this... so - yes, the time frame seems to be speeding up here, but again - hard to predict how things unfold...