Bust Always Follows Boom … In The New Normal Of Authoritarianism, The Sovereignty Of Regional Economic Fascism Provides The Seigniorage Of Diktat Money

A report on credit, currencies, and wealth as of January 31, 2014.

Now after five years of money market capitalism, with the Fed having lost control of the Benchmark Interest Rate, ^TNX, the tail risk of Global ZIRP, is economic deflation and economic recession; she is going to be a bad bitch.

Regionalism is the singular dynamo of economic activity under authoritarianism, and is it attempts to deal with the derisking of liberalism’s debt trades and deleveraging out of currency carry trades.

The UK was once the centerpiece of a global empire that spread across the globe. But its failure as a global hegemonic empire, is like that coming soon to the US Dollar hegemonic empire, as this one flows as well into the beast empire of iron diktat regional economic governance, and clay totalitarian collectivism of debt servitude as presented in Bible Prophecy of Revelation 13:1-4.

God, that is the Sovereign Lord God, has always worked through empires, always has and always will; this is seen in Daniel’s Statue of Empires in Daniel 2:25-45.  All empires have been based upon sovereignty and seigniorage; and most have been established on a debt based money system which established seigniorage wealth.

Sovereignty is defined as the Sovereign’s policies and schemes which establish economic life, and which define the nature of the person. Since 2008, liberalism’s two persons, created by the democratic nation state banker regime, were the investor experiencing investment choice, and the client experience clientelism.

Seigniorage is defined as the credit and flow of the Seignior, that is the top dog banker, who in coining money takes a cut, which defines the nature of economic life.

Liberalism’s peak economic experience came through the coordinated efforts of the world’s central banks in establishing Global ZIRP, which created a crack up boom in risk assets, as the dynamos of economic action, these being creditism, corporatism, globalism, and clientelism, which facilitated inflationism, producing peak moral hazard based seigniorage wealth.

Liberalism sovereignty and seigniorage secured the Means of Economic Inflationism, where Milton Friedman and Ben Bernanke, using the Benchmark Interest Rate, ^TNX, under Global ZIRP, fathered and favored the investor who developed fiat wealth, defined as World Stocks, VT, Nation Investment EFA, Global Financials, IXG, and Dividends Excluding Financials, DTN, as well as the client receiving such things as SNAP Food Stamps, SSI Disability, DSHS Obamacare, and other transfer payments.

Liberalism’s economy died in January 2014 with the collapse of the Emerging Markets; this coming with the death of fiat money on October 23, 2013, and the death of fiat wealth on January 24, 2014.

But twin extinction events, terminated liberalism, and as a result its creation, that being the investor and the client died, as greed turned to fear that the world central banks’ monetary policies have crossed the rubicon of sound monetary policy and have made “money good” investments bad.

The first extinction event was the bond vigilantes calling the Interest Rate on the US Ten Year Note, ^TNX, higher from 2.48%, on October 23, 2013, which terminated fiat money, defined as the combination of Aggregate Credit, AGG, and Major World Currencies, DBV, and Emerging Market Currencies, CEW.

The second extinction event was the bond vigilantes calling interest rate on the Emerging Market Local Currency Bonds, EMLC, higher, and the currency traders calling the Japanese Yen, FXY, higher, and Emerging Market Currencies, CEW, lower, which forced the investor to derisk and delverage out of the Emerging Market, EEM.

Thus in January 2014, The First Horseman of the Apocalypse, that is the Rider on the White Horse, seen in Revelation 6:1-2, passed The Bow of Economic Sovereignty from democratic nation states and the world central banks, to regional sovereigns and regional sovereign bodies; these are now growing in political capital, and its authority to establish regional economic fascism, replacing all isms, such as crony capitalism, European Socialism, Greek Socialism, and Communism.  Regional economic fascism is fated to be the singular, all inclusive, economic experience, as the ships of state flounder, and sink in the tossing sea of debt deflation driven, competitive currency devaluation.

Regionalism is establishing a new debt based money system, that being the diktat money system, where regional overlords, ruling in each one of the world’s ten regions in mandates of regional economic governance, and in debt servitude schemes of totalitarian collectivism unifying all of mankind’s seven institutions, establish regional security, stability and sustainability, this being accomplished by the destiny of the fulfillment of bible prophecy of the Ten Toed Kingdom of Regional Governance of Daniel 2:25-45, and the Beast Regime of Revelation 13:1-4.

News reports reflect that the beast empire is now rising out of waves Club Med sovereign, banking, and corporate insolvency. It has the feet of a bear in banking supervision in Frankfurt; mouth of a lion in Berlin, as DW reports German FM vows more aggressive foreign policy; and coat of a leopard in fiscal supervision in Brussels, where a One Euro Government, that is a Eurozone Superstate, featuring a banking union, military union, and fiscal-debt union will form as leaders meet in summits to renounce national sovereignty and announce regional pooled sovereignty as they set forth regional framework agreements, as these constitute the constitution of regional economic governance.

If this were not enough, please consider that Bible prophecy foretells that the beast regime will be accompanied by the Sovereign, Europe’s New Charlemagne, seen in Revelation 13:5-10, as well as by the Seignior, that is the Top Dog Money Lord, seen in Revelation 13:11-18; and that they will forge, the new normal seigniorage wealth of diktat, and they will coin its peer, diktat money, out of their fiery words, will and way.

Their sovereignty be Deutungshoheit in nature. There is only one sovereignty, and it provides only one life experience.  Deutungshoheit is defined as interpretational sovereignty and connotes supremacy in all things, the result being German economic, banking, credit, and military supremacy, over all of the Eurozone. German linguist Thorsten Pattberg relates Deutungshoheit is a German word meaning “having the sovereignty over the definition of thought,” sometimes also called “the prerogative of final explanation.”

Authority now longer resides in democracy; now Obrigkeit, as the Germans say, resides in beast regime’s policies of diktat in regional governance in all of the world’s ten regions, and has affect in schemes of debt servitude in totalitarian collectivism in each of the world’s seven institutions.

Khara Sikhan writes in WSWS article Detroit infant mortality rate worst among large US cities.

I comment that poverty in Detroit reflects a welfare cap and dwindling Medicaid participation and its poverty is reflected in a soaring infant mortality rate.  Economic life in Detroit is  defined by economic fascism, as is characterized the new normal resource of diktat wealth  and its peer diktat money.

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