The Power of the Fed

[Drareg]

This documentary is airing tomorrow night, Tuesday the 13th on PBS, it’s in the USA so if any of you are at home you may have time to watch it and let us know what it’s like, I don’t think we can access it elsewhere In the world.

I have been watching this bailout since it began at the end of 2019, COVID was a cover for a bailout, the culture war ramp up was another information decoy, the ruling class knew they couldn’t get out of this alive if they just went with a bailout again for bank corruption, now it could all be instigated intentionally to justify the fourth industrial revolution/reich, I’m not sure, Im curious if this documentary is legit, I’m mean it’s MSM so it’s unlikely however the synopsis seems legit.

If they cover everything your jaw will be on the floor, look for what they are not saying, think controlled narrative like MSM around Jeffrey Epstein, the crime is so big etc

The Power of the Fed | FRONTLINE

As the Federal Reserve pumps billions of dollars into the financial system, who is benefiting and at what cost? Watch FRONTLINE's documentary.

www.pbs.org

"When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?"

 

[Drareg]

Evergrande the Chinese real estate developer is collapsing, it’s the largest in China and tied up with many other developers and western investments, this article is trying not to be alarmist, I find it interesting another covid variant arrives just in time and China can justify lockdowns.

Evergrande shares plummet 20% to new record low as default fears resurface

Shares of Evergrande plummeted to a new record low on Monday as the Chinese developer once again teetered on the brink of default.

cnnphilippines.com

 

[haidut]

Evergrande the Chinese real estate developer is collapsing, it’s the largest in China and tied up with many other developers and western investments, this article is trying not to be alarmist, I find it interesting another covid variant arrives just in time and China can justify lockdowns.

Evergrande shares plummet 20% to new record low as default fears resurface

Shares of Evergrande plummeted to a new record low on Monday as the Chinese developer once again teetered on the brink of default.

cnnphilippines.com

Financial capitalism (FinCap) is kaputt. There is no "China", "US", "EU", etc. It is all "globocap" and it is all in desperate pre-collapse mode. As discussed with @yerrag in another thread - all the big powers are likely in this together. Hence the lockdowns and vaccine mandates not only in US/EU/Asia but in "dissidents" like Russia, China, etc. The latter 2 may not be on-board with the neoliberal, multi-gender social agenda, but financially they are just as involved/invested in it, and as such just as vulnerable to its collapse. Just look at the financial dealings. Incredible amount of cross-investment among US/EU/Russia/China/India/etc. Hardly the behavior of entities that are about to annihilate each other in a nuclear holocaust. All the fearmongering about (cold, hot, cyber, etc) war this and conflict that is just that - talk. Any discussion of "freedom" only makes sense in regards to countries not dependent on the global financial system, which means most of the poor/small/isolated ones. Until globocap collapses, no "developed" country is safe, immune to collapse, or even remotely "free" no matter what the surface looks like (e.g. Sweden). The Great Reset is also kaputt, the ideas underpinning it (especially AI and all of its glorious promises) are hollower than Kissinger's heart and more fake than Trump's hair. Just look at the abysmal quality of Google's search results (censorship completely aside), which are now absolutely laughable in their scary decline of quality over just 5-6 years. Google now claims that AI powers most query results. So, when we do a Google query, it is an AI engine that decides what comes back as a result. The old results were based on statistical algorithms of relevance. This "relevance" has now completely flown out the window, and "AI" has replaced those old engines for good. Google has had an unparalleled exodus of engineers, not so much because of its evil nature (no more "don't be evil") but because their technology now simply sucks, and so does the technology of most other BigTech darlings. So, the engineers no longer feel like the stock options they are getting are worth slaving away for The Man. Eric Schmidt kept promising Google's technology will be one of the core engines behind the Reset. Haven't seen/heard much of Schmidt lately, and he was all over the news up until the end of 2019. Every wonder why he suddenly (literally) bought a Cyprus citizenship and built a retirement home/bunker there? Probably because he is not very bullish on the ideas he was pushing/selling just 1-2 years ago. Same with Brin/Page - both gone, likely retired for good. Same with Bezos, and Bill Epstein Gates (ok, maybe Bill has other worries too, related to the Maxwell trial). Same with Twitter's CEO, and many other Fortune 500 "leaders". How come they all decided to retire (and some, like Schmidt, left the country) in a manner of less than a year??

The FAANG Market Is Fading

The impact of the largest stocks on the market has lessened and that could be good news for investors.

www.morningstar.com

As such, despite that article in the Off-Guardian about Great Reset being somehow different and replacing FinCap, in reality the Great Reset is pure FinCap, just entirely digitized. The "transition" from one to the other involves simply killing off the plebs to whom all those unpayable debts are owed, and starting anew. Again, AI is fake and cannot "power" the Reset. Just a diversion story, to wow the plebs and promise them work-free future drinking nectar with the Gods. Transhumanism is also just a fake demi-God story to promise gullible plebs immortality in return for obedience until the depopulation process is done. Not a single claim/promise of transhumanism has materialized, except the ability to implant electrodes into brains and control basic motor functions or induce fear/anxiety/depression/psychosis in the organism (but, notably, not being able to cure/treat it). This "cutting edge" technology was already available in the 1940s, the Nazis did a lot of experiments with it. The only thing that has changed since then is the size of the tools, but fundamentally no progress. Same with the electric cars - early 1900s technology, wrapped in the latest advances in composite materials technology. Transhumanism's darling Kurzweil is nowhere to be seen/heard these days. Not sure if he is still alive, but the "patron saint" of the transhumanism industry does not simply disappear for no good reason, especially now when transhumanism is said to be about to take off. The utter failure in treatment of chronic/degenerative conditions is not only still there, it is becoming worse by the day. Remember my posts about the complete stagnation in science? Well, that alone is sufficient to explain the predicament we are in. Even mighty globocap is entirely dependent on advances in (real) science, and we have not had real science arguably since WWII. All that remains now is scientism, the new religion.
Anyways, the "economy" behind the Reset is the same old fake system based on fake science/knowledge, and would be generating the same boom-bust cycles of ever-increasing intensity because it is simply parasitic and cannot create value. It can only bet on fake "assets", parasitise value, and of course, destroy value. Even if CBDC becomes reality, it would still be fiat money and in order for that money to have any value there must be productive activity behind it. With most of the "developed" world's populace largely braindead, and real science being all but forgotten, who is going to create that value? Nobody, as "AI" cannot create knowledge/value, only conscious beings can.

Science Is Stagnant, No Real Progress Since Early 20th Century

This is a recurring theme that Peat has addressed many times in his articles and interviews, albeit focusing usually on medical fraud. However, the problem is essentially identical in virtually all of fundamental scientific disciplines. The sad reality is that despite exponentially increased...

raypeatforum.com

Thus, the "knowledge" (actually, pure ignorance) economy system (which btw includes China and Russia, corroborated by their push for 5G and "AI") is done. Maybe Africa, Latin America and other "undeveloped" countries are indeed the future, both economically and humanity-wise. The Western world can rise again and even lead again, but first we must endure the collapse. Both, the collapse of the current system and then the collapse of the Reset, as the latter is even more fake than what we have now.

 

[Rafe]

I was looking up a lot of stuff to do a write-up of the GameStop story nearly a year ago. I was teaching myself a little macroeconomics.

The real story was in the trading apps slowing down & pausing trading as GME was going up. That seemed weird & didn’t make any sense. . .unless Wall Street globocap, like you’re calling it, were in some kind of serious trouble.

A bunch of guys in a subreddit buying up GME shouldn’t have been any big deal.

The media either didn’t know what the story was about or the big 6 media companies were not reporting it as any big deal, just some story about a dying brick & mortar video game store.

I stumbled onto it. Called a friend & said, “I think the finance economy’s in big trouble. I think it could collapse but I don’t know much about it technically.”

He didn’t know either & I wish I had called an economist to talk to me about it then.

Later I ran into an article saying that but with better general overview. I read Tyler Durden posts on Zero Hedge & Catherine Austin Fitts.

Now I think the people saying the lockdowns aren’t to protect the people from a virus, the virus & lockdowns are to protect globocap from the real economy while it pumps more cash into the system to absorb its debt, are right.

That would even make all the back-and-forth over the epidemiological stats, vax, harms even seem like distractions. Because I was wondering why the questioning wasn’t getting shut down more than it is.

But if it’s a globocap problem & the politicians are not backing down in the face of protest not b/c they are fascists only but b/c they are being extorted by globocap, then that would explain a lot.

 

[Rafe]

I think that’s why when people ask RP what’s a good place to escape to he tends to mention places that are undeveloped or collapsed. It’s not about, say, “Venezuela is socialist,” it’s about it being collapsed, which opens a space for a kind of off-grid freedom if you can manage it & crime isn’t too bad.

 

[haidut]

b/c they are being extorted by globocap, then that would explain a lot.

Actually, they don't even have to be extorted. If their country depends on the global financial system (and I'd say most of the 180+ countries do), they know that if they do not do lockdowns to protect the system their country is toast too. It does not have to be an evil cabal calling up world leaders and saying "you lockdown now or we will expose your pedophilic tendencies". Maybe some of that is happening, but I suspect most leaders are simply playing ball because in their minds it is T.I.N.A. and they fear war/famine if they do not help prop up the financial system.

 

[haidut]

I think that’s why when people ask RP what’s a good place to escape to he tends to mention places that are undeveloped or collapsed. It’s not about, say, “Venezuela is socialist,” it’s about it being collapsed, which opens a space for a kind of off-grid freedom if you can manage it & crime isn’t too bad.

Yep, a place/country that is not as dependent on the flow of (fake) money/capital. Only such places have a chance, as currently globocap is too busy trying to save its richer "assets" (countries) to pay attention to those poor places.

 

[Rafe]

Agree. I should have used a better word.

Last year I looked into the Heavily Indebted Poor Country (“HIPCs”) bailouts by the IMF. Just a general overview. Textbook stuff.

Sounds like a liberal dream, a jubilee of canceling the debt of poor countries that could never pay back their international debt.

Ah, but no. That’s the back door the globocap takes to demanding that those nations open their markets & make their natural resources available, making them even poorer. They have to meet neoliberal (free market) benchmarks in order to qualify for the bailouts.

Same what you’re saying but for the developed nations.

Plus, the Natural Asset Companies organized at the COP26 have ambition for buying up all the natural environmental capital & renting it back to the public (I mean what else could they do with it?).

 

[gaze]

I think that’s why when people ask RP what’s a good place to escape to he tends to mention places that are undeveloped or collapsed. It’s not about, say, “Venezuela is socialist,” it’s about it being collapsed, which opens a space for a kind of off-grid freedom if you can manage it & crime isn’t too bad.

venezuela, Iran, are both crushed economically because they refused the petrodollar system so american sanctions destroyed them. what they're doing by refusing to back down despite economic hardship and coup attempts was always going to end bad sicne they're going against goliath. the US always does this, they crush so called communist and social countries with sanctions and blockades and sabotage, then they blame the economic disaster on communism. I think Ray commends them for sticking up the US, and those countries may be resistant to the new world order since they're already isolated, but even ray will admit it's not necessarily a good place to live. that's also not to say iran and venezuela are ruled by saints, but every government is corrupt, at least those countries are trying to maintain a speck of sovereignty

 

[gaze]

btw, Ron Paul is still going strong....


View: https://youtu.be/t4asH6ZJ3o4

 

[Rafe]

venezuela, Iran, are both crushed economically because they refused the petrodollar system so american sanctions destroyed them.

I looked up a couple of things about the petrodollar. But I don’t have a clear understanding of it yet. I’m probably making it harder than it really is.

Agree on RP not saying collapsed systems are good places to live. Just possible to ease the pressure if it could be done.

Funny, I’m starting to take another look at Ron Paul. It looks now like he was the first, or among the first, voices raising an alarm.

 

[Rafe]

Isn’t that why ghaddafi was removed in Libya?

 

[gaze]

I looked up a couple of things about the petrodollar. But I don’t have a clear understanding of it yet. I’m probably making it harder than it really is.

Agree on RP not saying collapsed systems are good places to live. Just possible to ease the pressure if it could be done.

Funny, I’m starting to take another look at Ron Paul. It looks now like he was the first, or among the first, voices raising an alarm.

i found this article to explain it well:

Petrodollar Warfare: The Common Thread Linking US Aggression Against Venezuela and Iran

What do oil, gold and the Petrodollar have in common? They're the common thread linking US regime change efforts in Venezuela and Iran.

www.mintpressnews.com

 

[Rafe]

Thank you! @gaze

 

[AlaskaJono]

in reality the Great Reset is pure FinCap, just entirely digitized.

Also : "Even if CBDC becomes reality, it would still be fiat money and in order for that money to have any value there must be productive activity behind it."
Nice summary @haidut.

The Fed IS effectively the GloboCaps imho. Unless there is a powerful awakening amongst people ALL over the planet, the momentum towards this digitisation/monetisation of every square inch of planet Earth will be tracked and "mined". Including us. Externally at first and now internally via gene therapy.

The GloboCaps want to create a CBDC as their plan continues, as they must control it. They determined to maintain a rigged system. Back to the Big Picture: The world economy has been increasingly controlled as of late since WW2 by the Petrodollar/IMF/World Bank through various Trade Agreements/Sanctions+Embargo. Simply put the US/Nato forces have led the trend to set up governments/economies the way they like it by putting them in Big Debt amongst other things. Another way of saying economic slavery plan. This led to individual economic slavery through crazy credit schemes.

(Most) countries simply aren't sovereign anymore, and the push now is to take away our individual sovereignty. Mandates are the external removal and the jabs are internal removal (attempt) of our independence and self-determination. This is a mega symbol, and one that is easy to see, especially as we are at the beginning of this phase of the plan>2030. "Just say NO to the Narrative" being shoved down our gullets.

 

[Drareg]

Financial capitalism (FinCap) is kaputt. There is no "China", "US", "EU", etc. It is all "globocap" and it is all in desperate pre-collapse mode. As discussed with @yerrag in another thread - all the big powers are likely in this together. Hence the lockdowns and vaccine mandates not only in US/EU/Asia but in "dissidents" like Russia, China, etc. The latter 2 may not be on-board with the neoliberal, multi-gender social agenda, but financially they are just as involved/invested in it, and as such just as vulnerable to its collapse. Just look at the financial dealings. Incredible amount of cross-investment among US/EU/Russia/China/India/etc. Hardly the behavior of entities that are about to annihilate each other in a nuclear holocaust. All the fearmongering about (cold, hot, cyber, etc) war this and conflict that is just that - talk. Any discussion of "freedom" only makes sense in regards to countries not dependent on the global financial system, which means most of the poor/small/isolated ones. Until globocap collapses, no "developed" country is safe, immune to collapse, or even remotely "free" no matter what the surface looks like (e.g. Sweden). The Great Reset is also kaputt, the ideas underpinning it (especially AI and all of its glorious promises) are hollower than Kissinger's heart and more fake than Trump's hair. Just look at the abysmal quality of Google's search results (censorship completely aside), which are now absolutely laughable in their scary decline of quality over just 5-6 years. Google now claims that AI powers most query results. So, when we do a Google query, it is an AI engine that decides what comes back as a result. The old results were based on statistical algorithms of relevance. This "relevance" has now completely flown out the window, and "AI" has replaced those old engines for good. Google has had an unparalleled exodus of engineers, not so much because of its evil nature (no more "don't be evil") but because their technology now simply sucks, and so does the technology of most other BigTech darlings. So, the engineers no longer feel like the stock options they are getting are worth slaving away for The Man. Eric Schmidt kept promising Google's technology will be one of the core engines behind the Reset. Haven't seen/heard much of Schmidt lately, and he was all over the news up until the end of 2019. Every wonder why he suddenly (literally) bought a Cyprus citizenship and built a retirement home/bunker there? Probably because he is not very bullish on the ideas he was pushing/selling just 1-2 years ago. Same with Brin/Page - both gone, likely retired for good. Same with Bezos, and Bill Epstein Gates (ok, maybe Bill has other worries too, related to the Maxwell trial). Same with Twitter's CEO, and many other Fortune 500 "leaders". How come they all decided to retire (and some, like Schmidt, left the country) in a manner of less than a year??

The FAANG Market Is Fading

The impact of the largest stocks on the market has lessened and that could be good news for investors.

www.morningstar.com

As such, despite that article in the Off-Guardian about Great Reset being somehow different and replacing FinCap, in reality the Great Reset is pure FinCap, just entirely digitized. The "transition" from one to the other involves simply killing off the plebs to whom all those unpayable debts are owed, and starting anew. Again, AI is fake and cannot "power" the Reset. Just a diversion story, to wow the plebs and promise them work-free future drinking nectar with the Gods. Transhumanism is also just a fake demi-God story to promise gullible plebs immortality in return for obedience until the depopulation process is done. Not a single claim/promise of transhumanism has materialized, except the ability to implant electrodes into brains and control basic motor functions or induce fear/anxiety/depression/psychosis in the organism (but, notably, not being able to cure/treat it). This "cutting edge" technology was already available in the 1940s, the Nazis did a lot of experiments with it. The only thing that has changed since then is the size of the tools, but fundamentally no progress. Same with the electric cars - early 1900s technology, wrapped in the latest advances in composite materials technology. Transhumanism's darling Kurzweil is nowhere to be seen/heard these days. Not sure if he is still alive, but the "patron saint" of the transhumanism industry does not simply disappear for no good reason, especially now when transhumanism is said to be about to take off. The utter failure in treatment of chronic/degenerative conditions is not only still there, it is becoming worse by the day. Remember my posts about the complete stagnation in science? Well, that alone is sufficient to explain the predicament we are in. Even mighty globocap is entirely dependent on advances in (real) science, and we have not had real science arguably since WWII. All that remains now is scientism, the new religion.
Anyways, the "economy" behind the Reset is the same old fake system based on fake science/knowledge, and would be generating the same boom-bust cycles of ever-increasing intensity because it is simply parasitic and cannot create value. It can only bet on fake "assets", parasitise value, and of course, destroy value. Even if CBDC becomes reality, it would still be fiat money and in order for that money to have any value there must be productive activity behind it. With most of the "developed" world's populace largely braindead, and real science being all but forgotten, who is going to create that value? Nobody, as "AI" cannot create knowledge/value, only conscious beings can.

Science Is Stagnant, No Real Progress Since Early 20th Century

This is a recurring theme that Peat has addressed many times in his articles and interviews, albeit focusing usually on medical fraud. However, the problem is essentially identical in virtually all of fundamental scientific disciplines. The sad reality is that despite exponentially increased...

raypeatforum.com

Thus, the "knowledge" (actually, pure ignorance) economy system (which btw includes China and Russia, corroborated by their push for 5G and "AI") is done. Maybe Africa, Latin America and other "undeveloped" countries are indeed the future, both economically and humanity-wise. The Western world can rise again and even lead again, but first we must endure the collapse. Both, the collapse of the current system and then the collapse of the Reset, as the latter is even more fake than what we have now.

Yep, they probably needed more people to die, there is no way this tech can manage 8 billion people.
Like you say the tech is a joke ,It may be a CBDC as their last hope and the only thing that may stick, it’s a crap idea, they will offer a UBI for a new social contract, the problem is the banks and big business will be getting debt forgiveness for 300 trillion, said banks will be looking to maintain status after the forgiveness, people won’t buy it.
I think this is where the hack attack comes in, blame the hack, people still won’t but it, they will employ the same tactic of amplifying the narrative relentlessly creating a fake audience for the emperors, it’s all very sad, total clowns.

Teenagers with pocket EMP’s will troll society relentlessly.

Schmidt is in Cyprus because of its proximity and tight relationship with Israel, he will run to Israel if things get really bad. I think google still rig searches, the AI is probably involved but they can bypass it real easy, they blame the AI when caught with dodgy search results, why anyone still uses them is beyond me.

 

[haidut]

The Fed IS effectively the GloboCaps imho.

I tend to agree with that. The Fed is basically what moves all markets around the world to the point where proper price discovery in the stock market (and to a degree, in the retail as well) is dead. All that everybody does since 2008 is watch what the Fed will do/say, and the entire global economy seems to come down to one single question: "Will the Fed taper or not?". Nothing else matters, not even corporate earning reports. If the Fed says it will print more money then everybody pours (borrowed) money into stocks and real estate, assuming the Fed will never let those 2 asset bubbles pop. I am actually amazed that this charade has been going on for so long without the public realizing it. There is basically not much productive activity left in modern (read: controlled by IMF) economies. Definitely not much real production/manufacturing and as far as the "knowledge"/tech/AI economy goes, it is all hot-air / vaporware. So all we have left now is asset speculation, on borrowed money. Of course, if any of these bubbles is even slightly deflated, there will be massive economic depression worldwide, and economic collapse never seen before in the history of the world. I don't think the elite will be able to escape the horror in such scenario, which makes me wonder why nothing has been done so far to prevent/mitigate it. Either the IQ at the top is severely lacking to see what is coming, or their hubris is too big and they think only the plebs will pay the price.

 

[Regina]

This documentary is airing tomorrow night, Tuesday the 13th on PBS, it’s in the USA so if any of you are at home you may have time to watch it and let us know what it’s like, I don’t think we can access it elsewhere In the world.

I have been watching this bailout since it began at the end of 2019, COVID was a cover for a bailout, the culture war ramp up was another information decoy, the ruling class knew they couldn’t get out of this alive if they just went with a bailout again for bank corruption, now it could all be instigated intentionally to justify the fourth industrial revolution/reich, I’m not sure, Im curious if this documentary is legit, I’m mean it’s MSM so it’s unlikely however the synopsis seems legit.

If they cover everything your jaw will be on the floor, look for what they are not saying, think controlled narrative like MSM around Jeffrey Epstein, the crime is so big etc

The Power of the Fed | FRONTLINE

As the Federal Reserve pumps billions of dollars into the financial system, who is benefiting and at what cost? Watch FRONTLINE's documentary.

www.pbs.org

"When COVID-19 struck, the Federal Reserve stepped in to try to avert economic crisis. As the country’s central bank continues to pump billions of dollars into the financial system daily, who is benefiting and at what cost?"

I found my self flatly saying "cool story" with a when the gas bags chattered on.

 

[L_C]

Financial capitalism (FinCap) is kaputt. There is no "China", "US", "EU", etc. It is all "globocap" and it is all in desperate pre-collapse mode. As discussed with @yerrag in another thread - all the big powers are likely in this together. Hence the lockdowns and vaccine mandates not only in US/EU/Asia but in "dissidents" like Russia, China, etc. The latter 2 may not be on-board with the neoliberal, multi-gender social agenda, but financially they are just as involved/invested in it, and as such just as vulnerable to its collapse. Just look at the financial dealings. Incredible amount of cross-investment among US/EU/Russia/China/India/etc. Hardly the behavior of entities that are about to annihilate each other in a nuclear holocaust. All the fearmongering about (cold, hot, cyber, etc) war this and conflict that is just that - talk. Any discussion of "freedom" only makes sense in regards to countries not dependent on the global financial system, which means most of the poor/small/isolated ones. Until globocap collapses, no "developed" country is safe, immune to collapse, or even remotely "free" no matter what the surface looks like (e.g. Sweden). The Great Reset is also kaputt, the ideas underpinning it (especially AI and all of its glorious promises) are hollower than Kissinger's heart and more fake than Trump's hair. Just look at the abysmal quality of Google's search results (censorship completely aside), which are now absolutely laughable in their scary decline of quality over just 5-6 years. Google now claims that AI powers most query results. So, when we do a Google query, it is an AI engine that decides what comes back as a result. The old results were based on statistical algorithms of relevance. This "relevance" has now completely flown out the window, and "AI" has replaced those old engines for good. Google has had an unparalleled exodus of engineers, not so much because of its evil nature (no more "don't be evil") but because their technology now simply sucks, and so does the technology of most other BigTech darlings. So, the engineers no longer feel like the stock options they are getting are worth slaving away for The Man. Eric Schmidt kept promising Google's technology will be one of the core engines behind the Reset. Haven't seen/heard much of Schmidt lately, and he was all over the news up until the end of 2019. Every wonder why he suddenly (literally) bought a Cyprus citizenship and built a retirement home/bunker there? Probably because he is not very bullish on the ideas he was pushing/selling just 1-2 years ago. Same with Brin/Page - both gone, likely retired for good. Same with Bezos, and Bill Epstein Gates (ok, maybe Bill has other worries too, related to the Maxwell trial). Same with Twitter's CEO, and many other Fortune 500 "leaders". How come they all decided to retire (and some, like Schmidt, left the country) in a manner of less than a year??

The FAANG Market Is Fading

The impact of the largest stocks on the market has lessened and that could be good news for investors.

www.morningstar.com

As such, despite that article in the Off-Guardian about Great Reset being somehow different and replacing FinCap, in reality the Great Reset is pure FinCap, just entirely digitized. The "transition" from one to the other involves simply killing off the plebs to whom all those unpayable debts are owed, and starting anew. Again, AI is fake and cannot "power" the Reset. Just a diversion story, to wow the plebs and promise them work-free future drinking nectar with the Gods. Transhumanism is also just a fake demi-God story to promise gullible plebs immortality in return for obedience until the depopulation process is done. Not a single claim/promise of transhumanism has materialized, except the ability to implant electrodes into brains and control basic motor functions or induce fear/anxiety/depression/psychosis in the organism (but, notably, not being able to cure/treat it). This "cutting edge" technology was already available in the 1940s, the Nazis did a lot of experiments with it. The only thing that has changed since then is the size of the tools, but fundamentally no progress. Same with the electric cars - early 1900s technology, wrapped in the latest advances in composite materials technology. Transhumanism's darling Kurzweil is nowhere to be seen/heard these days. Not sure if he is still alive, but the "patron saint" of the transhumanism industry does not simply disappear for no good reason, especially now when transhumanism is said to be about to take off. The utter failure in treatment of chronic/degenerative conditions is not only still there, it is becoming worse by the day. Remember my posts about the complete stagnation in science? Well, that alone is sufficient to explain the predicament we are in. Even mighty globocap is entirely dependent on advances in (real) science, and we have not had real science arguably since WWII. All that remains now is scientism, the new religion.
Anyways, the "economy" behind the Reset is the same old fake system based on fake science/knowledge, and would be generating the same boom-bust cycles of ever-increasing intensity because it is simply parasitic and cannot create value. It can only bet on fake "assets", parasitise value, and of course, destroy value. Even if CBDC becomes reality, it would still be fiat money and in order for that money to have any value there must be productive activity behind it. With most of the "developed" world's populace largely braindead, and real science being all but forgotten, who is going to create that value? Nobody, as "AI" cannot create knowledge/value, only conscious beings can.

Science Is Stagnant, No Real Progress Since Early 20th Century

This is a recurring theme that Peat has addressed many times in his articles and interviews, albeit focusing usually on medical fraud. However, the problem is essentially identical in virtually all of fundamental scientific disciplines. The sad reality is that despite exponentially increased...

raypeatforum.com

Thus, the "knowledge" (actually, pure ignorance) economy system (which btw includes China and Russia, corroborated by their push for 5G and "AI") is done. Maybe Africa, Latin America and other "undeveloped" countries are indeed the future, both economically and humanity-wise. The Western world can rise again and even lead again, but first we must endure the collapse. Both, the collapse of the current system and then the collapse of the Reset, as the latter is even more fake than what we have now.

This is well written. It resonates with me and I agree artificial intelligence will never surpass the intelligence that created it.

 

[Mauritio]

The Western world can rise again and even lead again, but first we must endure the collapse. Both, the collapse of the current system and then the collapse of the Reset, as the latter is even more fake than what we have now.

When do you think this is going to happen?