Authored by Jim Quinn via The Burning Platform blog,
“How did you go bankrupt?” Two ways. Gradually, then suddenly.”
- Ernest Hemingway, The Sun Also Rises
“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty.”
– John Adams
Hemingway’s famous quote about going bankrupt connects with so many because it is true on a personal basis and a civilization basis. It applies to individuals and empires in decline – like the American democracy. John Adams realized two centuries ago democracy was no better than monarchy or aristocracy over the long haul. We were handed a Republic by Franklin and his fellow revolutionaries, but we failed to keep it almost from the very birth of this nation.
As we rush towards our World War 3 rendezvous with destiny, aided and abetted by politicians placed in power by globalist billionaires hellbent on the destruction of our way of life, so they own everything and you own nothing, I can’t help but ponder who is to blame and could we have avoided this dystopian outcome.
The United States has been going bankrupt gradually for the last fifty years, both financially, intellectually, and morally. Nixon closing the gold window in 1971 and opening the debt door to morally bankrupt bankers and politicians set in motion a downward spiral accelerating at hyper-speed as we speak. The American Empire was born in the shattered global debris of World War II with the Bretton Woods agreement, which left the USD as the dominant currency in world trade, specifically as the settlement currency for all oil transactions.
The empire has been sustained by currency supremacy, military might, and until 1980, manufacturing superiority. Once the most highly educated nation on the planet, decades of lowering the bar, less than mediocre union teachers, and replacing education with indoctrination, has created generations of ignorant zombies incapable and uninterested in critical thought.
The road to bankruptcy was very gradual at the outset of empire, with the national debt topping out at $269 billion, 119% of GDP, in 1946. In 1960 it had only grown to $286 billion but had dropped to 54% of GDP. Rebuilding the world and being the dominant economic power paid huge dividends. After a decade of guns, butter and welfare programs, the debt grew to $398 billion, but continued to drop as a percentage of GDP to 35% in 1971. After decoupling from gold, the national debt soared to $908 billion by 1980, inflation surged to 15%, and Volcker had to raise interest rates to 20% to avert disaster. What happened over the next forty years was mind boggling in its recklessness, shortsightedness, and acquiescence to the Wall Street cabal. These decade-by-decade increases were obscene:
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1980 $908B 32% of GDP
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1990 $3.2T 54% of GDP
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2000 $5.7T 52% of GDP
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2010 $13.6T 90% of GDP
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2020 $27.8T 129% of GDP
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Today $30.3T 130% of GDP
Rogoff and Reinhart postulated in 2010 that once a country passes 90% of GDP, economic growth slows dramatically, and the chances of financial crisis increase exponentially. With annual GDP growth of about 2% since 2010, their theory has proven accurate. Now we approach the existential financial crisis which could initiate the “going bankrupt suddenly” phase of our empire of debt. Larry Kotlikoff, Harvard, and Wharton educated economic professor at Boston University, estimates the unfunded welfare liabilities of the United States exceeds $210 trillion. We are a long way from when our Founders handed us a republic.
“American money was never more sound, or banking more free, than 200 years ago. Since then, it’s been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”
– Lew Rockwell
There is no conceivable way this debt can ever be repaid, therefore it will not. It’s just pure math, which the average dumbed down American chooses not to question or dispute. In their own lives they need to make enough income to make their mortgage payment and car loan payment. It’s the same for the government. The only way debt obligations can be met is for tax revenue to exceed expenses. Borrowing to make debt and interest payments is unsustainable, reckless, and an example of imperial empire arrogance. The only unknown now is whether the debt is defaulted upon, it is hyperinflated away, or some sort of debt jubilee and currency collapse makes it mute.
No matter the solution, the people will bear the brunt of the pain and drastic diminishment of their standard of living. Those in control will position themselves to benefit from whatever scheme is implemented to eliminate the debt. The current trend of running trillions in deficits per year is unsustainable and already resulting in raging inflation, declining GDP, and pushing the world towards a global depression.
There is no disputing the facts I have presented. These facts trump the willful ignorance of the masses and the false narratives of the ruling class, along with their media mouthpieces pretending all is well. Those controlling the levers of power know this shitshow can’t go on. They have fully exhausted their propaganda tools, financial derivative schemes, and monetary machinations, leaving them nothing but crashing the system and implementing a Great Reset, which would keep them in control and the rest of us in squalor and subservience.
We’ve been on the road to perdition for a long time, but we came to a peak on that highway in 2019 and the path has been straight down since, with our chariot of fire accelerating at breakneck speed towards its final destination with catastrophe and ruin. The rise and fall of the American Empire will be far more rapid than the rise and fall of the Roman Empire. With the inept and reckless leadership in place presently, I only hope we still have a nation after they successfully provoke World War 3.
The gradually part of going bankrupt is over. Since the end of fiscal year 2019, our fearless leaders have added $7.6 trillion to the national debt, a 33% increase in less than three years. Meanwhile, the duplicitous Fed has added $5 trillion to their balance sheet, a 125% increase, while keeping interest rates at zero and creating a tsunami of inflation, crushing the poor and middle class.
But at least the Wall Street bankers are raking in record bonuses, while still sucking at the teat of Fed QE to infinity. The blatant disregard for the lives of average Americans, while propping up the Wall Street cabal, billionaire oligarchs, and corrupt politicians should be met with pitchforks and torches in a just world. But that is not the world we occupy.
The last time inflation was this high (15% as measured in 1980), Volker jacked the Fed Funds rate to 20%. Spineless Jerome Powell has the Fed Funds rate at .33% today. It’s almost as if they are promoting record high inflation to make the national debt load less burdensome. Destroying the finances of hundreds of millions, creating global energy and food shortages, and instigating World War 3 as a consequence of their actions is just a minor irritation for the global elite. In fact, it appears to be part of Schwab’s Great Reset plan.
At first it seemed outrageous to think anyone would want famine, starvation, energy shortages, economic depression, and global war, but watching the insane decision making of politicians, trumpeted by the Deep State bootlickers in the media, has convinced me this is chapter 2 in their Great Reset book of horrors.
Once you wrap your head around how vile, evil, and demented those who are pulling the strings behind this Great Reset are, your eyes are open to how far they are willing to go to institute their plan. It appears they will stop at nothing, kill as many people as necessary, create maximum chaos and pain, wreck any civic cohesiveness left, and destroy all moral and legitimate norms of society, in order to increase their control, power and wealth on this earth.
They hold all the cards. They control the governments, corporations, banks, legacy media, social media, entertainment industries, military industrial complex, sickcare Big Pharma complex, and the mental processes of the masses through their mind control/propaganda technology. Their hubris and arrogance have reached peak altitude and exuberance. They believe they are invincible. That will be their fatal weakness.
The sheer cavalcade of lies, misinformation, purposely created chaos, engineered conflict, and financial market manipulation, make the daily intrigues confusing and open to misinterpretation. There are various factions competing to control the future course of history. There is not a clear good versus evil battle underway. Sometimes it is tough to distinguish the New World Order Great Reset crowd from those opposing Schwab and his Davos billionaire satanists.
I know we would like to root for the good guys, but there are no good guys running any country on this earth. Only bad guys, willing to sell their souls, are ever elevated to positions of power. They are selected by oligarchs, not elected by the people. The western propaganda spewing media machine specializes in demonizing those they are paid to demonize (Putin, Trump, non-vaxxers), while glorifying anyone the ruling elite have chosen to use to further their agenda (Zelensky, Fauci, vaxxers).
Putin is most certainly a bad guy, ruthless in his consolidation of power, serious in enforcing his beliefs through political or military measures, and willing to use any means necessary to achieve his aims. But he is only one of many bad men leading their countries across the globe. The Panama Papers show Zelinsky to be a corrupt puppet of Ukrainian oligarchs. He was a two-bit actor installed by the US, Soros, and NATO to play a role. As a reward, he has millions parked in offshore bank accounts and a $35 million mansion in Florida.
He’s such a democratic icon, he’s spent the last eight years bombing Russian speaking civilians in Donbass and Donetsk, and he outlawed all opposition political parties and media outlets last week. It seems our far-left media outlets have no problem supporting actual far-right Nazis in Ukraine, as long as they are paid to do so. They are nothing but faux-journalist whores.
The fact is Biden, Trudeau, Macron, Johnson, Erdogan, Xi, and the leaders of every country in the world are bad guys. Venezuela and Iran were evil, until our gas prices hit $4.25 a gallon because of Biden’s Russian sanctions. Now Biden is frantically negotiating with these “bad guys” to get their oil. Orwell nailed it seven decades ago with:
“The past was alterable. The past never had been altered. Oceania was at war with Eastasia. Oceania had always been at war with Eastasia.”
– Orwell – 1984
We have always been at war with Russia, supporting the noble democracy of Ukraine, and fully supportive of those benevolent dictatorships in Saudi Arabia, Iran, Venezuela, and China when in our economic interest, no matter how many people they kill, imprison, or behead. Of course, if you don’t toe the line of the petrodollar, you get Iraq’d, Libya’d, or Syria’d. Those in control of the message just move from villain to villain in the their never ending narrative. First Trump, then Covid, then the anti-vaxxers, and now Putin. The real villains are the media and those who manipulate the minds of the masses to achieve their insidious aims.
Hypocrisy is not a characteristic that registers with empires in their late stages. Bribing, bullying, and bombing are what the American Empire does to enforce their waning power upon other nations. The over-the-top sanctions against Russia have accelerated the American decline into bankruptcy, while ignorant Americans remain distracted by their iGadgets, NCAA tournament pools and the latest season of American Idol.
Every conflict is manufactured to benefit the global oligarchs, the military industrial complex, and those seeking to keep the masses enslaved in debt and distracted by technology, entertainment, and hatred towards whoever they are directed to hate by the government/media propaganda machine. It’s always about wealth, power, and control.
The key financial arrangement sustaining the American Empire, even as it internally crumbles from cultural rot, institutionalized corruption, and glorified ignorance of reality, is the global dominance of the U.S. dollar in trade. This is why the empire’s bankruptcy has been gradual and to many, unnoticeable. But Dementia Joe has accidentally, or purposefully as part of the Great Reset agenda, set in motion the rapid spiral into bankruptcy and collapse of the short-lived America Empire (1946 – 2022).
By creating a global energy crisis over a border dispute 6,000 miles from our shores, with no strategic interest to our country, Biden has initiated the final countdown of the petrodollar as the global settlement currency for all energy transactions. Petrodollar warfare has been the policy of the U.S. for decades as economic imperialism has been enforced militarily against Iraq, Iran, Libya, Syria, and Venezuela.
Trying to enforce this policy against Russia will be a bridge too far. And the consequences are already being felt. Biden’s sanctions against Russian energy are backfiring and will bring an end to the petrodollar regime. Russia is demanding payment from Europe for their oil, gas, and coal in rubles, rather than USD. Any propaganda being peddled about the U.S. filling the gap is nothing but bullshit, as proven by this chart:
Via Eurostat.
Russia supplies 47% of the EU coal demand, 41% of their natural gas demand, and 27% of their oil demand. They will pay Russia in rubles or have their societies grind to a halt, with starvation, chaos, depression, and revolution as the result. This doesn’t even consider Russian wheat and fertilizer exports, vital to Africa and the Middle East. Living within the propaganda bubble encasing the United States, where only the Deep State surveillance state sanctioned narrative is allowed to be broadcast by the dying legacy media and controlled social media propaganda platforms, you would be under the mistaken belief the entire world is in lockstep with Biden and his Great Reset cronies.
The vast majority of the world (countries in gray in the map below) are not supporting the sanctions imposed by Biden. As already noted, even the European countries in yellow are ignoring the energy sanctions. Biden has pushed Russia and China closer together, with the petroyuan rising as an alternative to the petrodollar. India has reached agreement with Russia regarding oil imports. Africa and South America, with all their natural resources, have told Biden to shove it. America’s bullying tactics are now giving rise to alternative currency schemes, such as cryptocurrencies and discussions about a gold backed yuan and gold backed ruble.
We stand on the precipice of a global conflagration, with talk of nuclear war bantered about by unserious low-IQ government bureaucrats, vacuous bimbo journalists and talking heads on the boob tube, and spurred on by the despicable hero worship of the textbook symbol of this farce – a sitcom actor who played a president in a TV show, funded by a billionaire oligarch, who was installed as president of Ukraine in a campaign funded by that billionaire, has ruled as a U.S. puppet, and who the Hollywood elite wanted to share the stage with the most dim-witted virtue signaling narcissists on the planet at the Oscars to call for the West to intervene in his losing battle and start World War 3. Instead they virtue signaled their support for Zelensky during the ceremonies.
The Hollywood elite ignore the actual Nazis fighting for Zelensky, his banning of political opponents and media outlets, and his government not allowing transgenders to flee the country because they are men. He belongs on-stage at the Oscars with the freaks, frauds, degenerates, pedophiles, and hypocritical scumbags who make up the American entertainment industry. He would have gotten a standing ovation for being such a glorious upstanding symbol of democracy, freedom, and the transvestite way. He could have stripped down, grabbed his guitar, and performed for a worldwide audience, while begging for missiles, fighter jets, tanks and drones.
We should all be laughing at this farce, but Zelensky and his handlers, Biden and his handlers, along with the other EU/NATO jokers and fools, have chosen to provoke Putin into war, and are now ratcheting up the rhetoric and sanctions to the point where a wider conflict is all but ensured. These reckless psychopaths clearly have not studied history or human nature when it comes to how wars can escalate rapidly with unanticipated outcomes and death on a massive scale. In a recent communication with writer Margaret Anna Alice, she described perfectly why we are headed into a horrific period in history, as the bloodiest chapter of this Fourth Turning hurtles towards its climax:
“The lethal combination of incompetency, obliviousness, hubris, psychopathy, narcissism, megalomania, and every other dark triad trait is on full display in those purporting to be our leaders.”
With it being quite apparent there are no good guy leaders in the world, trying to figure out the least worst outcome of this current episode of As the World Burns becomes difficult to grasp. I am convinced this engineered conflict in Ukraine is part of the bigger Great Reset plan of the global elites.
But writers I respect have differing viewpoints on whether Putin is playing his part in this scheme for a new world order or whether he and Xi are partnering to fight Soros, Schwab, Gates, and the Global Reset co-conspirators. Based on what I’ve observed, I don’t believe all these bad men have the exact same goals for how the world should be run and who should run it. But no matter who wins, the winners want more power, more wealth, more control, and an autocracy, with them calling the shots.
When I take into account all that has happened since 2014, who has been calling the shots, who was getting paid off, and the families implicated in this Ukrainian debacle, I conclude the Great Reset collaborators see this war as the next step (after the Covid scamdemic) in their Great Reset – purposely provoking Putin into attacking and now believing they can bleed him dry by funneling arms and cash into Ukraine. Why did the Clinton Foundation receive more “donations” from the Ukraine, prior to the 2014 CIA coup, than any country on earth?
Biden was involved in the coup to overthrow a democratically elected president, friendly towards Russia. There was no conflict within Ukraine prior to the coup. No death. No destruction. So, who is to blame for the bloodshed now? It’s not Putin. Biden’s crackhead son raked in millions from selling influence to the “Big Guy”, with the U.S. installed puppet presidents doing as they were told by Soros and his U.S. surveillance state agents.
There has been a simmering conflict since Putin annexed Crimea, shortly after the coup, and Ukraine began attacking the eastern Russian speaking provinces. The ratcheting up of attacks in those eastern provinces and the rhetoric about Ukraine joining NATO is what provoked Putin to attack. Despite the all-out propaganda campaign, Russia is winning and will win against Ukraine alone.
This is the point in history when the Great Reset acolytes have decided they can accomplish multiple goals by turning Ukraine into a nightmarish quagmire of death and destruction, fueled by a never ending flow of armaments into this war zone, as a means to overthrow Putin, create food shortages, raise the cost of fossil fuels to astronomical heights, implement further restrictions on civil rights, increase technological controls over the populace, and institute a Chinese like social credit scoring system to enforce obedience and compliance with government demands.
The Ukrainian people are just cannon fodder to these evil men. After two years of demanding submission from the peasants regarding lockdowns, masking and vaccine mandates, the ruling elite believe they will be able to enforce food and energy restrictions with the same ease upon the American people.
This is where I believe their master plan goes awry. Putin will not be cowed by Biden’s toothless sanctions, empty threats, and pathetic tough guy rhetoric. He will use any means necessary to defeat his foes. Economic sanctions are an act of war. Supplying his enemy with weapons to kill Russians is an act of war. NATO and the U.S. are one miscalculation away from starting WW3.
At a minimum, Biden has pushed China and Russia into closer cooperation as a new economic bloc. Biden’s weakness and inability to comprehend global strategy has probably convinced China they can annex Taiwan without the U.S. intervening in a meaningful way, other than easily avoided sanctions and threats. The new world order may end up revolving around China, with Russia and India as strategic partners and the U.S. and EU as outcasts.
The underlying anger in the country is bubbling to the surface. The raging inflation is crushing poor and middle-class families. Food and energy are the two largest monthly expenditures for families struggling to survive in this Federal Reserve induced billionaire boom society. When diesel fuel supplies dwindle to nothing, destroying our just in time, truck dependent supply chain, and real food shortages start inflicting real pain, civil disobedience and rioting will occur which will make the BLM riots looks like child’s play.
When people no longer have anything to lose, they will lose it and start looking for the culprits who stole their livelihoods and future. I don’t believe their propaganda machine will be able to convince the masses this was the fault of Trump or right wing conspiracists. Their pain and suffering are due to Federal Reserve bankers, corrupt politicians of the uni-party, and the media who has lied to them non-stop for the last decade. Woke is going to mean something different in the near future.
Pugnacious Putin has unwittingly, or possibly purposefully, initiated the “sudden” phase of the demise of the crumbling American Empire. A PR campaign and “USD subsidies” (aka bribes) to foreign countries will not save us now. Biden lit the fuse, and it is just a matter of when it blows. And does it just blow up the remnants of our empire, or the whole world? No one knows the answer to that question, but the future of civilization on earth depends on the answer.
Most of the world continues to go about their daily lives staring at their phones, oblivious to the danger of having angry senile sociopaths and egomaniacal billionaires controlling the use of nuclear weapons. We are one rash arrogant choice by a low IQ psychopath politician from the final scene in the Planet of the Apes.
“You Maniacs! You blew it up! Ah, damn you! God damn you all to hell!” – George Taylor
Are we destined to be victims? This Ukraine war has revealed both parties fully support never ending war. Left and right media outlets have been spewing the anti-Russian propaganda in lockstep. What has been set in motion will not be fixed at the ballot box, as if voting matters anymore in this empire of lies and deceit. Armed insurrection would not prevail with the current configuration of our society.
The only option is to organize in local communities of like-minded people to try and survive the coming storm. Get out of cities. Prep as much as you are able, with enough food, water, and fuel to sustain your family for an extended period of time. Stock up on guns, ammo, cash, gold, silver, and barterable items. On whatever plot of land you occupy, try to raise some food, and if possible become friendly with local farmers. No one can escape what is coming, as it will be global in nature, but you can take steps now to increase your chances of survival.
Our republic has degenerated into despotism, we’ve willingly relinquished our freedoms and liberties for the supposed safety and security of a Big Brother surveillance state, and now we will suffer the consequences of these cowardly actions. Life in America is about to become far harder than our generations of snowflakes ever anticipated. Those with no survival skills will not survive. If you are not prepared in mind, body, and spirit for what is coming, your future will be bleak. Only those already awake are likely to read this anyway, so good luck and Godspeed to you all.
“A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever.”
- John Adams
“Republics decline into democracies and democracies degenerate into despotisms.”
- Aristotle
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