Elaine Meinel Supkis writes The EU is collapsing like all previous confederations. No confederation lasts more than a century due to this being one of the weakest forms of government, the only exception is Switzerland and it is a very small country that mainly makes its wealth off of being the good servant for corrupt bankers and dictators across the planet. Not a good model at all.
The City of London isn’t London, it is this tiny enclave run by the very rich and the Queen of England and Parliament has NO SAY in how this one mile square area is run. No, the bankers run this entity and are basically a separate country. Calls to regulate the gnomes there is hotly turned down: Bank of England should be left alone to police banks, says Governor Sir Mervyn King. The protector of all the banks is the Bank of England. Which has little interest in protecting England, itself.
England is a host country that protects this alien occupying force and the continued existence of the royal family protects these pirates who live in the heart of the UK’s sad remains—a dissipating, disappearing empire, eaten out over the centuries, with the Queen and her spawn still living in huge palaces that have little imperial funds to support it…except for the bankers who keep the royals rolling ever onwards.
Please consider that the power centers of the UK and the US are shifting to regional economic government as destructive economic, political and investment factors crush democracy and the Milton Friedman Free To Choose floating currency regime of Neoliberalism.
The money, that is, the currency of regional economic government will be diktat. This new money is coming as the new Beast Regime of Neoauthoritarianism rises to rule mankind. This beast system is seen in bible prophecy of Revelation 13:1-4, where a monster having seven heads, symbolic of mankind’s seven institutions, and ten horns, symbolic of the world’s ten regions, rises from the sea of humanity.
Traditional money is beginning to die. Doug Noland reports M2 (narrow) “money” supply dropped $35.9bn to $9.592 TN. “Narrow money” has expanded at a 10.4% pace y-t-d and 9.6% over the past year. The new money of diktat is beginning to increase. The only form of “money good” in Neoauthoritarianism will be diktat and gold. These will be the only forms of sovereign weatlh.
Out of sovereign crisis will come new sovereign authority. Under Neoliberalism, the greatest sovereign authority resided in two nation states, the United Kingdom and the US. Under Neoauthoritarianism, sovereign authority resides in the EU ECB and IMF Troika, and other forms of regional economic government, as well as regulatory bodies, that is stakeholder groups, formed out of government and industry. One such private public operation, PPO, is the Financial Services Forum, headed by Robert Nichols. Sovereign authority is held by government leaders such as Mary J. Miller, Assistant Secretary for Financial Markets, who was involved in the passage of the Dodd-Frank Wall Street Reform and the Consumer Protection Act. Recently, she communicated her sovereignty speaking on the Dodd Frank Act.
A credit bust and global financial collapse is imminent. “Printed capital” will be replaced by the “political capital of diktat”, of forums, stakeholder groups, regulatory bodies, troikas such as the EU ECB and IMF Troika, as well as regional sovereign leaders, working for the security and prosperity of regions. State corporatism, that is statism, as well as totalitarian collectivism is the EU’s future.
The last decade saw social, economic, and political evolution come from falling interest rates, which gave impetus to the Euro currency; growth and prosperity ensued in the currency union and democracy prevailed.
But now, destruction, has commenced with rising interest rates, causing deleveraging and disinvestment out of the Euro; growth is falling, austerity is growing, and diktat is growing in a diktat union.
In summary, the world is moving out of “inflationism” and into “destructionism”. Moneyness will come from the seigniorage of diktat. Credit will come from the word, will and way of sovereign leaders. The people will be amazed by diktat, and will place their faith and trust in it, giving it their allegiance. The accumulated debt of Neoliberalism will be applied to every man woman and child on planet earth. Austerity measures, structural reforms, pension overhauls, and debt servitude will be de rigueur.