The Failure Of Keynesian Policies Is Introducing Regional Global Governance
UK Bubble Economy writes Keynesian policies always fail. The twentieth century produced many pernicious ideas. Keynesian economics may be the worst, but its capacity to misled governments remains potent.
It was the expansionary and interventionist policies of John Maynard Keynes that set the backdrop for other pernicious ideas that mislead society in every way beginning in the 1950s, such as the magical intervention of the mischievous feline to clean up the house a second before the mother returns in Dr. Seuss’ The Cat in The Hat, cultural pluralism, positivism particularly economic positivism, the Milton Friedman floating currency regime, the repeal of the Glass Steagall Act, the acceptance of derivatives of all types , as well as the growth of moral hazard through neoliberal finance to rise to underwrite capitalism and UK US Hegemony, to create the Banker Regime of Neoliberalism as the terminal phase of capitalism.
The collapse of the iron global iron rule of the UK US Hegemony that has ruled the world since 1789 is foretold in bible prophecy of Daniel 2:31-33, where a ten toed kingdom of regional global governance, with its toes of iron diktat and clay democracy, comes to rule the world.
The transition comes from a global economic collapse where the Beast Regime of Neoauthoritarianism rises to govern mankind’s economic and political activities as seen in Revelation 13:1-4.
Soon out of Financial Armageddon, that is a credit collapse and global financial breakdown, leaders will meet in summit and announce regional framework agreements which waive national sovereignty and pool sovereignty regionally. Through regionalization, as called for by the 300 elite of the Club of Rome during 1972 to 1976, leaders will approve regional monetary authority and regional fiscal authority in the EU.
Out chaos will come order, leaders will announce the New Europe, that is a One Euro Government, and a One Euro Bank, where regional authorities, such as a monetary pope with public private partnerships overseeing the region’s economy, and a budget commissioner heading up a regional fiscal union, as the European nations have lost their debt sovereignty and failed to be fiscal sustainability.
The Telegraph editorialized Europeans Will Never Accept a Federal Banking System, The latest crackpot idea for shoring up Europe’s monetary union, much discussed at last week’s spring meeting of the International Monetary Fund and now widely promoted by eurocrats, is the establishment of a federal banking system, with a single framework for regulation, bailouts, deposit insurance, supervision and resolution. Yet, most assuredly, out of chaos will come order, the New Europe with its One Euro Government and One Euro Bank.
Today’s Euro zone insolvent sovereigns, such as Greece and Spain are no longer fiscally sustainable, and are the powder keg that is going to cause investment implosion of the highly leveraged European Financial Institutions, EUFN, such as Germany’s DB and Spain’s BBVA and STD, and Greece’s NBG.
The dynamos of growth, trade, and profit that have been based upon choice and have powered capitalism are winding down, and the dynamos of regional security, stability and sustainability are powering up regional global government which will be based upon and exercise diktat.
With the death of capitalism, the fiat money system is dying. Credit and money as they have been experienced are expiring. The diktat money system will provide diktat as both credit and money. Regional global government in Europe will provide regional monetary policy and regional fiscal policy. Euroland is becoming a totalitarian collective, where the neo liberal credit that cannot be written off is applied to every man, woman and child in Europe.