Archiwa tagu: F. William Engdahl

O tym, w jaki sposób fundusz inwestycyjny Blackrock wywołał globalny kryzys energetyczny. F. William Engdahl.

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O tym, w jaki sposób fundusz inwestycyjny Blackrock wywołał globalny kryzys energetyczny

O tym, w jaki sposób fundusz inwestycyjny Blackrock wywołał globalny kryzys energetyczny

Date: 18 novembre 2022Author: Uczta Baltazara

“Przestrzeganie agendy zrównoważonego rozwoju ONZ 2030”. Kolosalne dezinwestycje w wartym bilion dolarów globalnym sektorze ropy i gazu.

F. William Engdahl (automatyczna wersja polska artykułu) –  16 listopada 2022

How Blackrock Investment Fund Triggered the Global Energy Crisis

Większość ludzi jest oszołomiona globalnym kryzysem energetycznym, w którym ceny ropy, gazu i węgla jednocześnie gwałtownie rosną, a nawet zmuszają do zamknięcia dużych zakładów przemysłowych, takich jak przemysł chemiczny, aluminiowy czy stalowy. Administracja Bidena i UE upierały się, że wszystko jest spowodowane działaniami wojskowymi Putina i Rosji na Ukrainie. Nie o to chodzi. 

Kryzys energetyczny jest od dawna planowaną strategią zachodnich kręgów korporacyjnych i politycznych mającą na celu demontaż gospodarek przemysłowych w imię dystopijnej Zielonej Agendy . Ma to swoje korzenie w okresie na długo przed lutym 2022 r., kiedy Rosja rozpoczęła działania zbrojne na Ukrainie.

Blackrock naciska na ESG

W styczniu 2020 r., w przededniu wyniszczających gospodarczo i społecznie blokad spowodowanych pandemią, dyrektor generalny największego na świecie funduszu inwestycyjnego, Larry Fink z Blackrock, wystosował list do kolegów z Wall Street i dyrektorów generalnych korporacji na temat przyszłości przepływów inwestycyjnych. W dokumencie, skromnie zatytułowanym „Podstawowe przekształcenie finansów” , Fink, który zarządza największym na świecie funduszem inwestycyjnym zarządzającym wówczas około 7 bilionów dolarów, ogłosił radykalne odejście od inwestycji korporacyjnych. Pieniądze „stałyby się zielone”. W swoim uważnie śledzonym liście z 2020 roku Fink oświadczył:

„W niedalekiej przyszłości – i wcześniej niż większość przewiduje – nastąpi znacząca realokacja kapitału… Ryzyko klimatyczne to ryzyko inwestycyjne”. Ponadto stwierdził: „Każdy rząd, firma i akcjonariusz muszą stawić czoła zmianom klimatycznym”. [i]

W osobnym liście do klientów-inwestorów Blackrock, Fink przedstawił nowy plan inwestowania kapitału. Zadeklarował, że Blackrock wyjdzie z niektórych inwestycji wysokoemisyjnych, takich jak węgiel, największe źródło energii elektrycznej dla USA i wielu innych krajów. Dodał, że Blackrock będzie sprawdzać nowe inwestycje w ropę, gaz i węgiel, aby określić ich zgodność z „zrównoważonym rozwojem” Agendy ONZ 2030.

Fink dał jasno do zrozumienia, że ​​największy na świecie fundusz zacznie wycofywać się z inwestycji w ropę, gaz i węgiel. „Z biegiem czasu”, napisał Fink, „firmy i rządy, które nie reagują na interesariuszy i nie zajmują się zagrożeniami dla zrównoważonego rozwoju, spotkają się z rosnącym sceptycyzmem rynków, co z kolei spowoduje wyższy koszt kapitału”. Dodał, że „zmiany klimatyczne stały się czynnikiem decydującym o długoterminowych perspektywach firm… jesteśmy na skraju fundamentalnego przekształcenia finansów”. [ii]

Od tego momentu tzw. inwestowanie ESG, karanie firm emitujących CO2, takich jak ExxonMobil, stało się modą wśród funduszy hedgingowych i banków z Wall Street oraz funduszy inwestycyjnych, w tym State Street i Vanguard. Taka jest moc Czarnej Skały. Fink był również w stanie pozyskać czterech nowych członków zarządu ExxonMobil, którzy zobowiązali się do zakończenia działalności firmy w zakresie ropy i gazu.

List Finka ze stycznia 2020 r. był wypowiedzeniem wojny przez wielkie finanse przeciwko konwencjonalnemu przemysłowi energetycznemu. BlackRock był członkiem-założycielem grupy zadaniowej ds. ujawniania informacji finansowych związanych z klimatem (TCFD) i jest sygnatariuszem UN PRI — Zasady odpowiedzialnego inwestowania, wspieranej przez ONZ sieci inwestorów promujących inwestycje o zerowej emisji dwutlenku węgla przy użyciu wysoce skorumpowanego ESG kryteria — Czynniki środowiskowe, społeczne i zarządcze przy podejmowaniu decyzji inwestycyjnych. Nie ma obiektywnej kontroli nad fałszywymi danymi dla ESG firmy. Blackrock również podpisał oświadczenie Watykanu z 2019 r., opowiadające się za systemami cen emisji dwutlenku węgla. BlackRock w 2020 roku dołączył również do Climate Action 100, koalicji prawie 400 menedżerów inwestycyjnych zarządzających 40 bln USD.

Tym pamiętnym listem od dyrektora generalnego ze stycznia 2020 r. Larry Fink zapoczątkował kolosalną dezinwestycję w wartym bilion dolarów światowym sektorze ropy i gazu. Warto zauważyć, że w tym samym roku firma BlackRock’s Fink została wybrana do Rady Powierniczej dystopijnego Światowego Forum Ekonomicznego Klausa Schwaba, korporacyjnego i politycznego ogniwa Zeroemisyjnej Agendy ONZ 2030. W czerwcu 2019 r. Światowe Forum Ekonomiczne i Organizacja Narodów Zjednoczonych podpisały strategiczną ramy partnerstwa w celu przyspieszenia wdrażania Agendy 2030. WEF ma platformę wywiadu strategicznego, która obejmuje 17 celów zrównoważonego rozwoju Agendy 2030.

W swoim liście do dyrektora generalnego z 2021 r. Fink podwoił atak na ropę, gaz i węgiel. „Biorąc pod uwagę, jak kluczowa będzie transformacja energetyczna dla perspektyw rozwoju każdej firmy, prosimy firmy o ujawnienie planu, w jaki sposób ich model biznesowy będzie zgodny z gospodarką zerową netto” – napisał Fink. Inny oficer BlackRock powiedział na niedawnej konferencji energetycznej: „Gdzie idzie BlackRock, inni pójdą”. [iii]

W ciągu zaledwie dwóch lat, do 2022 r., szacuje się, że 1 bilion dolarów wyszedł z inwestycji w poszukiwanie i rozwój ropy i gazu na całym świecie. Wydobycie ropy naftowej jest kosztownym biznesem, a odcięcie zewnętrznych inwestycji przez BlackRock i innych inwestorów z Wall Street oznacza powolną śmierć branży.

Biden — prezydent BlackRock?

Na początku swojej słabej wówczas kandydatury na prezydenta Biden odbył spotkanie za zamkniętymi drzwiami pod koniec 2019 roku z Finkiem, który podobno powiedział kandydatowi, że „jestem tutaj, aby pomóc”. Po fatalnym spotkaniu z BlackRock’s Fink, kandydat Biden ogłosił: „Pozbędziemy się paliw kopalnych…” W grudniu 2020 roku, jeszcze przed inauguracją Bidena w styczniu 2021 roku, mianował BlackRock Global Head of Sustainable Investing, Brianem Deese, aby być Asystentem Prezesa i Dyrektorem Krajowej Rady Gospodarczej. Tutaj Deese, który odegrał kluczową rolę dla Obamy w przygotowaniu paryskiego porozumienia klimatycznego w 2015 r., po cichu ukształtował wojnę energetyczną Bidena.

To katastrofa dla przemysłu naftowego i gazowego. Człowiek Finka, Deese, był aktywny w przekazywaniu nowemu prezydentowi Bidenowi listy środków anty-ropnych do podpisania rozporządzeniem wykonawczym począwszy od pierwszego dnia w styczniu 2021 r. Obejmuje to zamknięcie ogromnego rurociągu naftowego Keystone XL, który dostarczałby 830 000 baryłek dziennie z Kanady aż do jak rafinerie w Teksasie i wstrzymanie wszelkich nowych umów najmu w Arctic National Wildlife Refuge (ANWR). Biden ponownie dołączył również do paryskiego porozumienia klimatycznego, które Deese wynegocjował dla Obamy w 2015 r., a Trump odwołał.

Tego samego dnia Biden uruchomił zmianę tak zwanego „Społecznego kosztu emisji dwutlenku węgla”, który nakłada na przemysł naftowy i gazowy karę w wysokości 51 dolarów za tonę CO2. To jedno posunięcie, dokonane wyłącznie pod władzą władzy wykonawczej bez zgody Kongresu , powoduje druzgocące koszty inwestycji w ropę i gaz w Stanach Zjednoczonych, kraju, który zaledwie dwa lata wcześniej był największym producentem ropy na świecie.[iv]

Zabijanie zdolności rafineryjnych

Co gorsza, agresywne przepisy środowiskowe Bidena i mandaty inwestycyjne BlackRock ESG zabijają zdolność produkcyjną amerykańskich rafinerii. Bez rafinerii nie ma znaczenia, ile baryłek ropy zabierzesz ze Strategicznych Rezerw Naftowych. W ciągu pierwszych dwóch lat prezydentury Bidena Stany Zjednoczone zamknęły około 1 miliona baryłek dziennie zdolności rafineryjnych benzyny i oleju napędowego, częściowo z powodu załamania popytu covidowego, najszybszego spadku w historii Stanów Zjednoczonych. Przerwy są trwałe. W 2023 roku dodatkowe 1,7 miliona baryłek dziennie ma zostać zamknięte w wyniku dezinwestycji BlackRock i Wall Street ESG oraz regulacji Bidena. [v]

Powołując się na dezinwestycje w ropę na Wall Street i antyropną politykę Bidena, dyrektor generalny Chevron w czerwcu 2022 roku oświadczył, że nie wierzy, by Stany Zjednoczone kiedykolwiek zbudowały kolejną nową rafinerię.[vi]

Do Larry’ego Finka, członka zarządu Światowego Forum Ekonomicznego Klausa Schwaba, dołącza UE, której przewodnicząca Komisji Europejskiej, notorycznie skorumpowana Ursula von der Leyen, opuściła zarząd WEF w 2019 r., aby objąć stanowisko szefa Komisji UE. Jej pierwszym ważnym działaniem w Brukseli było przeforsowanie agendy UE Zero Carbon Fit for 55. To nałożyło poważne podatki od emisji dwutlenku węgla i inne ograniczenia na ropę, gaz i węgiel w UE na długo przed rosyjskimi działaniami na Ukrainie w lutym 2022 r. Połączony wpływ oszukańczej agendy ESG Finka w administracji Bidena i szaleństwa UE o zerowej emisji dwutlenku węgla powoduje najgorszy kryzys energetyczny i inflacyjny w historii.

F. William Engdahl jest konsultantem ds. ryzyka strategicznego i wykładowcą, ukończył politologię na Uniwersytecie Princeton i jest autorem bestsellerów na temat ropy naftowej i geopolityki. Jest pracownikiem naukowym Centrum Badań nad Globalizacją.

Notatki

[i] Larry Fink, A Fundamental Reshaping of Finance, List do dyrektorów generalnych, styczeń 2020 r., https://www.blackrock.com/corporate/investor-relations/2020-blackrock-client-letter

[ii] Tamże.

[iii] Tsvetana Paraskova, Dlaczego inwestorzy odwracają się plecami do projektów związanych z paliwami kopalnymi?, OilPrice.com,

11 marca 2021 r., https://oilprice.com/Energy/Energy-General/Why-Are-Investors-Turning-Their-Backs-On-Fossil-Fuel-Projects.html

[iv] Joseph Toomey, Energy Inflation Was by Design, wrzesień 2022 r., https://assets.realclear.com/files/2022/10/2058_energyinflationwasbydesign.pdf

[v] Tamże.

[vi] Fox Business, dyrektor generalny firmy Chevron mówi, że w USA może już nigdy nie powstać kolejna rafineria ropy naftowej, 3 czerwca 2022 r., https://www.foxbusiness.com/markets/chevron-ceo-oil-refinery-built-us

The Dark Origins of the Davos Great Reset. F. William Engdahl

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The Dark Origins of the Davos Great Reset

By F. William Engdahl

Global Research, October 25, 2022 https://www.globalresearch.ca/dark-origins-davos-great-reset/5797113

***

Important to understand is that there is not one single new or original idea in Klaus Schwab’s so-called Great Reset agenda for the world. Nor is his Fourth Industrial Revolution agenda his or his claim to having invented the notion of Stakeholder Capitalism a product of Schwab.

Klaus Schwab is little more than a slick PR agent for a global technocratic agenda, a corporatist unity of corporate power with government, including the UN, an agenda whose origins go back to the beginning of the 1970s, and even earlier.  The Davos Great reset is merely an updated blueprint for a global dystopian dictatorship under UN control that has been decades in development. The key actors were David Rockefeller and his protégé, Maurice Strong.

In the beginning of the 1970s, there was arguably no one person more influential in world politics than the late David Rockefeller, then largely known as chairman of Chase Manhattan Bank.

Creating the new paradigm

At the end of the 1960s and into the early 1970s, the international circles directly tied to David Rockefeller launched a dazzling array of elite organizations and think tanks. These included The Club of Rome; the 1001: A Nature Trust, tied to the World Wildlife Fund (WWF); the Stockholm United Nations Earth Day conference; the MIT-authored study, Limits to Growth; and David Rockefeller’s Trilateral Commission.

Club of Rome

In 1968 David Rockefeller founded a neo-Malthusian think tank, The Club of Rome, along with Aurelio Peccei and Alexander King. Aurelio Peccei, was a senior manager of the Fiat car company, owned by the powerful Italian Agnelli family. Fiat’s Gianni Agnelli was an intimate friend of David Rockefeller and a member of the International Advisory Committee of Rockefeller’s Chase Manhattan Bank. Agnelli and David Rockefeller had been close friends since 1957. Agnelli became a founding member of David Rockefeller’s Trilateral Commission in 1973. Alexander King, head of the OECD Science Program was also a consultant to NATO.  [i] That was the beginning of what would become the neo-Malthusian “people pollute” movement.

In 1971 the Club of Rome published a deeply-flawed report, Limits to Growth, which predicted an end to civilization as we knew it because of rapid population growth, combined with fixed resources such as oil. The report concluded that without substantial changes in resource consumption, “the most probable result will be a rather sudden and uncontrollable decline in both population and industrial capacity.”

It was based on bogus computer simulations by a group of MIT computer scientists. It stated the bold prediction, “If the present growth trends in world population, industrialization, pollution, food production, and resource depletion continue unchanged, the limits to growth on this planet will be reached sometime within the next one hundred years.” That was 1971. In 1973 Klaus Schwab in his third annual Davos business leader meeting invited Peccei to Davos to present Limits to Growth to assembled corporate CEOs. [ii]

In 1974, the Club of Rome declared boldly, “The Earth has cancer and the cancer is Man.” Then: “the world is facing an unprecedented set of interlocking global problems, such as, over-population, food shortages, non-renewable resource [oil-w.e.] depletion, environmental degradation and poor governance.” [iii] They argued that,

‘horizontal’ restructuring of the world system is needed…drastic changes in the norm stratum – that is, in the value system and the goals of man – are necessary in order to solve energy, food, and other crises, i.e., social changes and changes in individual attitudes are needed if the transition to organic growth is to take place. [iv]

In their 1974 report, Mankind at the Turning Point, The Club of Rome further argued:

Increasing interdependence between nations and regions must then translate as a decrease in independence. Nations cannot be interdependent without each of them giving up some of, or at least acknowledging limits to, its own independence. Now is the time to draw up a master plan for organic sustainable growth and world development based on global allocation of all finite resources and a new global economic system. [v]

That was the early formulation of the UN Agenda 21, Agenda2030 and the 2020 Davos Great Reset.

David Rockefeller and Maurice Strong

By far the most influential organizer of Rockefeller’s ‘zero growth’ agenda in the early 1970s was David Rockefeller’s longtime friend, a billionaire oilman named Maurice Strong.

Canadian Maurice Strong was one of the key early propagators of the scientifically flawed theory that man-made CO2 emissions from transportation vehicles, coal plants and agriculture caused a dramatic and accelerating global temperature rise which threatens “the planet”, so-called Global Warming.

As chairman of the 1972 Earth Day UN Stockholm Conference, Strong promoted an agenda of population reduction and lowering of living standards around the world to “save the environment.”

Strong stated his radical ecologist agenda:

“Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?” [vi]

This is what is now taking place under cover of a hyped global pandemic.

Strong was a curious choice to head a major UN initiative to mobilize action on the environment, as his career and his considerable fortune had been built on exploitation of oil, like an unusual number of the new advocates of ‘ecological purity,’ such as David Rockefeller or Robert O. Anderson of Aspen Institute or Shell’s John Loudon.

Strong had met David Rockefeller in 1947 as a young Canadian  eighteen and from that point, his career became tied to the network of the Rockefeller family.[vii]  Through his new friendship with David Rockefeller, Strong, at age 18, was given a key UN position under UN Treasurer, Noah Monod. The UN’s funds were conveniently enough handled by Rockefeller’s Chase Bank. This was typical of the model of “public-private partnership” to be deployed by Strong—private gain from public government. [viii]

In the 1960s Strong had become president of the huge Montreal energy conglomerate and oil company known as Power Corporation, then owned by the influential Paul Desmarais. Power Corporation was reportedly also used as a political slush fund to finance campaigns of select Canadian politicians such as Pierre Trudeau, father of Davos protégé Justin Trudeau, according to Canadian investigative researcher, Elaine Dewar. [ix]

Earth Summit I and Rio Earth Summit

By 1971 Strong was named Undersecretary of the United Nations in New York and Secretary General of the upcoming Earth Day conference, United Nations Conference on the Human Environment (Earth Summit I) in Stockholm, Sweden.  He was also named that year as a trustee of the Rockefeller Foundation – which financed his launch of the Stockholm Earth Day project.[x] In Stockholm the United Nations Environment Program (UNEP) was created with Strong as its head.

By 1989 Strong was named by the UN Secretary General to head the 1992 UN Conference on Environment and Development or UNCED (“Rio Earth Summit II”). He oversaw the drafting of the UN “Sustainable Environment” goals there, the Agenda 21 for Sustainable Development  that forms the basis of Klaus Schwab’s  Great Reset, as well as creation of the Intergovernmental Panel on Climate Change (IPCC) of the UN. Strong, who was also a board member of Davos WEF, had arranged for Schwab to serve as a key adviser to the Rio Earth Summit.

As Secretary General of the UN Rio Conference, Strong also commissioned a report from  the Club of Rome, The First Global Revolution, authored by Alexander King which admitted that the CO2 global warming claim was merely an invented ruse to force change:

“The common enemy of humanity is man.
In searching for a new enemy to unite us, we came up
with the idea that pollution, the threat of global warming,
water shortages, famine and the like would fit the bill. All these
dangers are caused by human intervention, and it is only through
changed attitudes and behavior that they can be overcome.
The real enemy then, is humanity itself.” [xi]

President Clinton’s delegate to Rio, Tim Wirth, admitted the same, stating,

“We have got to ride the global warming issue. Even if the theory of global warming is wrong, we will be doing the right thing in terms of economic policy and environmental policy.” [xii]

At Rio Strong first introduced the manipulative idea of “sustainable society” defined in relation this arbitrary goal of eliminating CO2 and other so-called Greenhouse Gases. Agenda 21 became Agenda 2030 in Sept 2015 in Rome, with the Pope’s blessing, with 17 “sustainable” goals. It declared among other items,

“Land, because of its unique nature and the crucial role it plays in human settlement, cannot be treated as an ordinary asset, controlled by individuals and subject to the pressures and inefficiencies of the market. Private land ownership also is a principal instrument of accumulation and concentration of wealth and therefore contributes to social injustice…Social justice, urban renewal, and development, the provision of decent dwellings and healthy conditions for the people can only ‘be achieved if land is used in the interests of society as a whole.”

In short private land ownership must become socialized for “society as a whole,” an idea well-known in Soviet Union days, and a key part of the Davos Great Reset.

At Rio in 1992 where he was chairman and General Secretary, Strong declared:

“It is clear that current lifestyles and consumption patterns of the affluent middle class— involving high meat intake, consumption of large amounts frozen and convenience foods, use of fossil fuels, appliances, home and work place air-conditioning, and suburban housing — are not sustainable.”  [xiii] (emphasis added)

By that time Strong was at the very center of the transformation of the UN into the vehicle for imposing a new global technocratic “paradigm” by stealth, using dire warnings of planet extinction and global warming, merging government agencies with corporate power in an unelected control of pretty much everything, under the cover of “sustainability.” In 1997 Strong oversaw  creation of the action plan following the Earth Summit,  The Global Diversity Assessment, a blueprint for the roll out of a Fourth Industrial Revolution, an inventory of every resource on the planet, how it would be controlled , and how this revolution would be achieved.[xiv]

At this time Strong was co-chairman of Klaus Schwab’s Davos World Economic Forum. In 2015 on Strong’s death, Davos founder Klaus Schwab wrote,

“He was my mentor since the creation of the Forum: a great friend; an indispensable advisor; and, for many years, a member of our Foundation Board.” [xv]

Before he was left UN over an Iraq Food-for-Oil corruption scandal, Strong was member of the Club of Rome, Trustee of the Aspen Institute, Trustee of the Rockefeller Foundation and Rothschild Foundation.  Strong was also a director of the Temple of Understanding of the Lucifer Trust (aka Lucis Trust) housed at the Cathedral of St. John the Divine in New York City,

“where pagan rituals include escorting sheep and cattle to the alter for blessing. Here, Vice President Al Gore delivered a sermon, as worshippers marched to the altar with bowls of compost and worms…” [xvi]

This is the dark origin of Schwab’s Great Reset agenda where we should eat worms and have no private property in order to “save the planet.” The agenda is dark, dystopian and meant to eliminate  billions of us “ordinary humans.”

*

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F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics. He is a Research Associate of the Centre for Research on Globalization (CRG).

Notes

[i] Biographies of 1001 Nature Trust members, Gianni Agnelli, accessed in http://www.bibliotecapleyades.net/sociopolitica/sociopol_1001club02.htm

[ii] Klaus Schwab, The World Economic Forum: A Partner in Shaping History–The First 40 Years: 1971 – 2010, 2009, World Economic Forum, p. 15, https://www3.weforum.org/docs/WEF_First40Years_Book_2010.pdf

[iii] Quoted from Club of Rome Report, Mankind at the Turning Point, 1974, cited in http://www.greenagenda.com/turningpoint.html

[iv] Ibid.

[v] The Club of Rome, Mankind at the Turning Point, 1974, quoted in Brent Jessop,  Mankind at the Turning Point – Part 2 – Creating A One World Consciousness, accessed in http://www.wiseupjournal.com/?p=154

[vi] Maurice Strong, Opening Speech to UN Rio Earth Summit, Rio de Janeiro, 1992, accessed in http://www.infowars.com/maurice-strong-in-1972-isnt-it-our-responsibility-to-collapse-industrial-societies/

[vii] Elaine Dewar, Cloak of Green: The Links between key environmental groups, government and big business, Toronto, James Lorimer & Co., 1995, pp. 259-265.

[viii] Brian Akira, LUCIFER’S UNITED NATIONS, http://www.fourwinds10.com/siterun_data/religion_cults/news.php?q=1249755048

[ix] Elaine Dewar, op cit. p. 269-271.

[x] Ibid., p. 277.

[xi] What is Agenda 21/2030 Who’s behind it ? Introduction, https://sandiadams.net/what-is-agenda-21-introduction-history/

[xii] Larry Bell, Agenda 21: The U.N.’s Earth Summit Has Its Head In The Clouds, Forbes, June 14, 2011, https://www.forbes.com/sites/larrybell/2011/06/14/the-u-n-s-earth-summit-has-its-head-in-the-clouds/?sh=5af856a687ca

[xiii] John Izzard, Maurice Strong , Climate Crook, 2 December, 2015, https://quadrant.org.au/opinion/doomed-planet/2015/12/discovering-maurice-strong/

[xiv] What is Agenda 21/2030 Who’s behind it ? Introduction, https://sandiadams.net/what-is-agenda-21-introduction-history/

[xv] Maurice Strong An Appreciation by Klaus Schwab, 2015, https://www.weforum.org/agenda/2015/11/maurice-strong-an-appreciation

[xvi] Dr. Eric T. Karlstrom, The UN, Maurice Strong, Crestone/Baca, CO, and the “New World Religion”, September 2017, https://naturalclimatechange.org/new-world-religion/part-i/

Global Planned Financial Tsunami Has Just Begun

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Global Planned Financial Tsunami Has Just Begun

F. William Engdahl
New Eastern Outlook
Tue, 21 Jun 2022 00:00 UTC

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Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble in human history, a bubble it created. Global crash events always begin on the periphery, such as with the 1931 Austrian Creditanstalt or the Lehman Bros. failure in September 2008. The June 15 decision by the Fed to impose the largest single rate hike in almost 30 years as financial markets are already in a meltdown, now guarantees a global depression and worse.

The extent of the “cheap credit” bubble that the Fed, the ECB and Bank of Japan have engineered with buying up of bonds and maintaining unprecedented near-zero or even negative interest rates for now 14 years, is beyond imagination. Financial media cover it over with daily nonsense reporting , while the world economy is being readied, not for so-called “stagflation” or recession. What is coming now in the coming months, barring a dramatic policy reversal, is the worst economic depression in history to date.

Thank you, globalization and Davos.

Globalization

The political pressures behind globalization and the creation of the World Trade Organization out of the Bretton Woods GATT trade rules with the 1994 Marrakesh Agreement, ensured that the advanced industrial manufacturing of the West, most especially the USA, could flee offshore, “outsource” to create production in extreme low wage countries. No country offered more benefit in the late 1990s than China. China joined WHO in 2001 and from then on the capital flows into China manufacture from the West have been staggering. So too has been the buildup of China dollar debt. Now that global world financial structure based on record debt is all beginning to come apart.

When Washington deliberately allowed the September 2008 Lehman Bros financial collapse, the Chinese leadership responded with panic and commissioned unprecedented credit to local governments to build infrastructure. Some of it was partly useful, such as a network of high-speed railways. Some of it was plainly wasteful, such as construction of empty “ghost cities.” For the rest of the world, the unprecedented China demand for construction steel, coal, oil, copper and such was welcome, as fears of a global depression receded. But the actions by the US Fed and ECB after 2008, and of their respective governments, did nothing to address the systemic financial abuse of the world’s major private banks on Wall Street and Europe , as well as Hong Kong.

The August 1971 Nixon decision to decouple the US dollar, the world reserve currency, from gold, opened the floodgates to global money flows. Ever more permissive laws favoring uncontrolled financial speculation in the US and abroad were imposed at every turn, from Clinton’s repeal of Glass-Steagall at the behest of Wall Street in November 1999. That allowed creation of mega-banks so large that the government declared them “too big to fail.” That was a hoax, but the population believed it and bailed them out with hundreds of billions in taxpayer money.

Since the crisis of 2008 the Fed and other major global central banks have created unprecedented credit, so-called “helicopter money,” to bailout the major financial institutions. The health of the real economy was not a goal. In the case of the Fed, Bank of Japan, ECB and Bank of England, a combined $25 trillion was injected into the banking system via “quantitative easing” purchase of bonds, as well as dodgy assets like mortgage-backed securities over the past 14 years.

Quantitative madness

Here is where it began to go really bad. The largest Wall Street banks such as JP MorganChase, Wells Fargo, Citigroup or in London HSBC or Barclays, lent billions to their major corporate clients. The borrowers in turn used the liquidity, not to invest in new manufacturing or mining technology, but rather to inflate the value of their company stocks, so-called stock buy-backs, termed “maximizing shareholder value.”

BlackRock, Fidelity, banks and other investors loved the free ride. From the onset of Fed easing in 2008 to July 2020, some $5 trillions had been invested in such stock buybacks, creating the greatest stock market rally in history. Everything became financialized in the process.Corporations paid out $3.8 trillion in dividends in the period from 2010 to 2019. Companies like Tesla which had never earned a profit, became more valuable than Ford and GM combined. Cryptocurrencies such as Bitcoin reached market cap valuation over $1 trillion by late 2021. With Fed money flowing freely, banks and investment funds invested in high-risk, high profit areas like junk bonds or emerging market debt in places like Turkey, Indonesia or, yes, China.

The post-2008 era of Quantitative Easing and zero Fed interest rates led to absurd US Government debt expansion. Since January 2020 the Fed, Bank of England, European Central Bank and Bank of Japan have injected a combined $9 trillion in near zero rate credit into the world banking system. Since a Fed policy change in September 2019, it enabled Washington to increase public debt by a staggering $10 trillion in less than 3 years. Then the Fed again covertly bailed out Wall Street by buying $120 billion per month of US Treasury bonds and Mortgage-Backed Securities creating a huge bond bubble.

A reckless Biden Administration began doling out trillions in so-called stimulus money to combat needless lockdowns of the economy. US Federal debt went from a manageable 35% of GDP in 1980 to more than 129% of GDP today. Only the Fed Quantitative Easing, buying of trillions of US government and mortgage debt and the near zero rates made that possible. Now the Fed has begun to unwind that and withdraw liquidity from the economy with QT or tightening, plus rate hikes. This is deliberate. It is not about a stumbling Fed mis-judging inflation.

Energy drives the collapse

Sadly, the Fed and other central bankers lie. Raising interest rates is not to cure inflation. It is to force a global reset in control over the world’s assets, it’s wealth, whether real estate, farmland, commodity production, industry, even water. The Fed knows very well that Inflation is only beginning to rip across the global economy. What is unique is that now Green Energy mandates across the industrial world are driving this inflation crisis for the first time, something deliberately ignored by Washington or Brussels or Berlin.

The global shortages of fertilizers, soaring prices of natural gas, and grain supply losses from global draught or exploding costs of fertilizers and fuel or the war in Ukraine, guarantee that, at latest this September-October harvest time, we will undergo a global additional food and energy price explosion. Those shortages all are a result of deliberate policies.

Moreover, far worse inflation is certain, due to the pathological insistence of the world’s leading industrial economies led by the Biden Administration’s anti-hydrocarbon agenda. That agenda is typified by the astonishing nonsense of the US Energy Secretary stating, “buy E-autos instead” as the answer to exploding gasoline prices.

Similarly, the European Union has decided to phase out Russian oil and gas with no viable substitute as its leading economy, Germany, moves to shut its last nuclear reactor and close more coal plants. Germany and other EU economies as a result will see power blackouts this winter and natural gas prices will continue to soar. In the second week of June in Germany gas prices rose another 60% alone. Both the Green-controlled German government and the Green Agenda “Fit for 55” by the EU Commission continue to push unreliable and costly wind and solar at the expense of far cheaper and reliable hydrocarbons, insuring an unprecedented energy-led inflation.

Fed has pulled the plug

With the 0.75% Fed rate hike, largest in almost 30 years, and promise of more to come, the US central bank has now guaranteed a collapse of not merely the US debt bubble, but also much of the post-2008 global debt of $303 trillion. Rising interest rates after almost 15 years mean collapsing bond values. Bonds, not stocks, are the heart of the global financial system.

US mortgage rates have now doubled in just 5 months to above 6%, and home sales were already plunging before the latest rate hike. US corporations took on record debt owing to the years of ultra-low rates. Some 70% of that debt is rated just above “junk” status. That corporate non-financial debt totaled $9 trillion in 2006. Today it exceeds $18 trillion. Now a large number of those marginal companies will not be able to rollover the old debt with new, and bankruptcies will follow in coming months. The cosmetics giant Revlon just declared bankruptcy.

The highly-speculative, unregulated Crypto market, led by Bitcoin, is collapsing as investors realize there is no bailout there. Last November the Crypto world had a $3 trillion valuation. Today it is less than half, and with more collapse underway. Even before the latest Fed rate hike the stock value of the US megabanks had lost some $300 billion. Now with stock market further panic selling guaranteed as a global economic collapse grows, those banks are pre-programmed for a new severe bank crisis over the coming months.

As US economist Doug Noland recently noted,

“Today, there’s a massive “periphery” loaded with “subprime” junk bonds, leveraged loans, buy-now-pay-later, auto, credit card, housing, and solar securitizations, franchise loans, private Credit, crypto Credit, DeFi, and on and on. A massive infrastructure has evolved over this long cycle to spur consumption for tens of millions, while financing thousands of uneconomic enterprises. The “periphery” has become systemic like never before. And things have started to Break.”

The Federal Government will now find its interest cost of carrying a record $30 trillion in Federal debt far more costly. Unlike the 1930s Great Depression when Federal debt was near nothing, today the Government, especially since the Biden budget measures, is at the limits. The US is becoming a Third World economy. If the Fed no longer buys trillions of US debt, who will? China? Japan? Not likely.

Deleveraging the bubble

With the Fed now imposing a Quantitative Tightening, withdrawing tens of billions in bonds and other assets monthly, as well as raising key interest rates, financial markets have begun a deleveraging. It will likely be jerky, as key players like BlackRock and Fidelity seek to control the meltdown for their purposes. But the direction is clear.

By late last year investors had borrowed almost $1 trillion in margin debt to buy stocks. That was in a rising market. Now the opposite holds, and margin borrowers are forced to give more collateral or sell their stocks to avoid default. That feeds the coming meltdown. With collapse of both stocks and bonds in coming months, go the private retirement savings of tens of millions of Americans in programs like 401-k. Credit card auto loans and other consumer debt in the USA has ballooned in the past decade to a record $4.3 trillion at end of 2021. Now interest rates on that debt, especially credit card, will jump from an already high 16%. Defaults on those credit loans will skyrocket.

Outside the US what we will see now, as the Swiss National Bank, Bank of England and even ECB are forced to follow the Fed raising rates, is the global snowballing of defaults, bankruptcies, amid a soaring inflation which the central bank interest rates have no power to control. About 27% of global nonfinancial corporate debt is held by Chinese companies, estimated at $23 trillion. Another $32 trillion corporate debt is held by US and EU companies. Now China is in the midst of its worst economic crisis since 30 years and little sign of recovery. With the USA, China’s largest customer, going into an economic depression, China’s crisis can only worsen. That will not be good for the world economy.

Italy, with a national debt of $3.2 trillion, has a debt-to-GDP of 150%. Only ECB negative interest rates have kept that from exploding in a new banking crisis. Now that explosion is pre-programmed despite soothing words from Lagarde of the ECB. Japan, with a 260% debt level is the worst of all industrial nations, and is in a trap of zero rates with more than $7.5 trillion public debt. The yen is now falling seriously, and destabilizing all of Asia.

The heart of the world financial system, contrary to popular belief, is not stock markets. It is bond markets — government, corporate and agency bonds. This bond market has been losing value as inflation has soared and interest rates have risen since 2021 in the USA and EU. Globally this comprises some $250 trillion in asset value a sum that, with every fed interest rise, loses more value. The last time we had such a major reverse in bond values was forty years ago in the Paul Volcker era with 20% interest rates to “squeeze out inflation.”

As bond prices fall, the value of bank capital falls. The most exposed to such a loss of value are major French banks along with Deutsche Bank in the EU, along with the largest Japanese banks. US banks like JP MorganChase are believed to be only slightly less exposed to a major bond crash. Much of their risk is hidden in off-balance sheet derivatives and such. However, unlike in 2008, today central banks can’t rerun another decade of zero interest rates and QE. This time, as insiders like ex-Bank of England head Mark Carney noted three years ago, the crisis will be used to force the world to accept a new Central Bank Digital Currency, a world where all money will be centrally issued and controlled. This is also what Davos WEF people mean by their Great Reset. It will not be good.

A Global Planned Financial Tsunami Has Just Begun.

F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics, exclusively for the online magazine “New Eastern Outlook”.

Will the Federal Reserve Crash Global Financial Markets as a Means to Implementing Their “Great Reset”?

Opublikowany przez

It’s looking increasingly likely that the US Federal Reserve and the globalist powers that be will use the dramatic rising of inflation as their excuse to bring down the US financial markets and with it, crash the greatest financial bubble in history.

The enormous inflation rise since the malicious political lockdowns and the trillions of dollars in emergency spending by both Trump and Biden, coupled with the continuation of the Fed’s unprecedented near-zero interest rate policies and asset purchases of billions in bonds to keep the bubble inflated a bit longer– have set the stage for an imminent market collapse. Unlike what we are told, it is deliberate and managed.

Supply chain disruptions from Asia to normal truck transport across North America are feeding the worst inflation in four decades in the USA. The stage is set for the central banks to bring down the debt-bloated system and prepare their Great Reset of the world financial system. However this is not an issue of inflation as some mysterious or “temporary” process.

The context is key. The decision to crash the financial system is being prepared amid the far-reaching global pandemic measures that have devastated the world economy since early 2020. It is coming as the NATO powers, led by the Biden Administration, are tipping the world into a potential World War by miscalculation. They are pouring arms and advisers into Ukraine provoking a response by Russia.

They are escalating pressures on China over Taiwan, and waging proxy wars against China in Ethiopia and Horn of Africa and countless other locations.

The looming collapse of the dollar system, which will bring down most of the world with it owing to debt ties, will come as the major industrial nations go fully into economic self-destruction via their so-called Green New Deal in the EU, and USA and beyond.

The ludicrous Zero Carbon policies to phase out coal, oil, gas and even nuclear have already brought the EU electric grid to the brink of major power blackouts this winter as dependency on unreliable wind and solar make up a major part of the grid. On December 31, the “green” new German government oversees the forced closing of three nuclear power plants that generate the electricity equivalent of the entire country of Denmark. Wind and solar can in no way fill the gaps. In the USA Biden’s misnamed Build Back Better policies have driven fuel coats to record highs. To raise interest rates in this conjuncture will devastate the entire world, which seems to be precisely the plan.

The Fake US Inflation Data

Ever since the early 1970s when President Nixon asked his pal, Arthur Burns, then head of the Federal Reserve, to find a way to get rid of politically damaging consumer inflation monthly data that reflected soaring oil prices along with grain, the Fed has used what they called “core inflation” which means consumer price rises MINUS energy and food. At the time energy made up a significant 11% of inflation data. Food had a weight of 25%. Presto by 1975 a 400% OPEC rise in oil prices and a 300% global grain price rise owing to harvest failures in the Soviet region, “core inflation” fell significantly. This, despite the fact that American consumers had to pay far more for gasoline and bread. Very few real people can live without energy or food. Core inflation is a scam.

By 1975 the Burns Fed had eliminated major costs of housing and other factors leaving a Consumer Price Index that was a mere 35% of the original basket of commodities measured. By then real everyday inflation was out of control. In the real world, USA gasoline today is 58 percent more expensive than in 2020 and over the last 12 months, food prices have gone up by more than 6 percent on average. Today the US Consumer Price Index does not include the cost buying and financing houses, and also not of property taxes or home maintenance and improvement. These factors have been soaring across America in the past year. Now all that is lacking is a statement by the Fed that inflation is more alarming than they thought and required aggressive rate hikes to “squeeze inflation out of the system,” a common central bank myth made dogma under Paul Volcker in the 1970s.

The Bloated US Stock Market

Wall Street markets, today with stocks at historic bloated highs, aided by near zero Fed rates and $120 billion of monthly purchases by the Fed of bonds as well, are at a point where a policy reverse by the Fed, expected now in early 2022, could begin a panic exit from stocks to “get out while the getting is good.” That in turn will likely trigger panic selling and a snowballing market collapse that will make the recent China Evergrande real estate and stock collapse look like nothing at all.

Since the global financial crisis of September 2008, the Federal Reserve and other major central banks such as the ECB in the EU and Bank of Japan have pursued unprecedented zero interest rates and often “quantitative easing” purchases of bonds to bail out the major financial institutions and Wall Street and EU banks. It had little to do with the health of the real economy. It was about the largest bailout in history of brain dead banks and financial funds. The predictable result of the Fed and other central banks’ unprecedented policies has been the artificial inflation of the greatest speculative bubble in stocks in history.

As President, Donald Trump constantly pointed to new record rises in the S&P 500 stocks as proof of the booming economy, even though as a savvy businessman he knew it was a lie. It was rising because of the Fed zero interest rate policy. Companies were borrowing at low rates not to expand plant and equipment investment so much as to buy back their own stocks from the market. That had the effect of boosting stocks in companies from Microsoft to Dell to Amazon, Pfizer, Tesla and hundreds of others. It was a manipulation that corporate executives, owning millions of their own company shares as options, loved. They made billions in some cases, while creating no real value in the economy or the economy.

How big is today’s US stock market bubble? In October 2008 just after the Lehman crisis, US stocks were listed at a total of $13 trillion capitalization. Today it is over $50 trillion, an increase of almost 400% and more than double the total US GDP. Apple Corp. alone is $3 trillion.

Yet with massive labor shortages, lockdowns across America and huge disruptions to trade supply chains especially from China, the economy is sinking and Biden’s phony “infrastructure” bill will do little to rebuild the vital economic infrastructure of highways, rains, water treatment plants and electric grids. For millions of Americans after the 2008 housing collapse, buying stocks has been their best hope for retirement income. A stock crash in 2022 is being prepared by the Fed, only this time it will be used to usher in a real Great Depression worse than the 1930’s as tens of millions or ordinary Americans see their life savings wiped out.

Stock Buyback Game

Over the past four quarters, S&P 500 companies bought back $742 billion of their own shares. Q4 of 2021 will likely see a record increase in that number as companies rush to pump their shares ahead of a reported Biden tax on corporate stock buybacks. Since the beginning of 2012, the S&P 500 companies have bought back nearly $5.68 trillion of their own shares. This is no small beer. The dynamic is so insane that amid a Microsoft decision last month to buy back ever more shares, Microsoft CEO Satya Nadella dumped over 50% of his Microsoft stock in one day. But the stock barely budged because Microsoft itself was busy buying back shares. That indicates the level of unreality in today’s US market. The insiders know it’s about to crash. Tesla’s Elon Musk just sold $10 billion of his stock, allegedly to pay taxes.

Making the stock market even more vulnerable to a panic selloff once it is clear the Fed will raise interest rates, there is nearly $1 trillion in margin debt as of data from October, debt for those buying stocks on borrowed money from their brokers. Once a major market selloff begins, likely early in 2022, brokers will demand repayment of their margin debt, so-called margin calls. That in turn will accelerate the forced selling to raise the cash calls.

Taper?

There is much discussion about when the Fed will reduce its buying of US Treasury securities as well as government-linked home mortgage bonds. That buying has been huge. Since the start of the covid pandemic hysteria in February 2020, total Federal Reserve holdings of such securities have more than doubled from $3.8 trillion to $8 trillion as of end of October 2021. That has kept home mortgage rates artificially low and fueled panic home buying as citizens realize the low rates are about to end. That the Fed calls “taper”, reducing the monthly buying of bonds to zero at the same time it raises key interest rates, a double whammy. This is huge, and blood will flow from Wall Street beginning 2022 when the Fed taper picks up momentum early in 2022 combined with raising rates.

Already in November the Fed began reducing its monthly market supporting buying. “In light of the substantial further progress the economy has made toward the Committee’s goals of maximum employment and price stability,” the FOMC declared in its recent minutes. It announced that it is decreasing the amount of Treasury and Mortgage backed securities purchases in November and December.

Since the Vietnam War era under President Lyndon Johnson, the US Government has manipulated employment data as well as inflation numbers to give a far better picture than exists. Private economist John Williams of Shadow Government Statistics, estimates that actual USA unemployment far from the reported 4.2% for November, is actually over 24.8%. As Williams further notes, “The Inflation Surge Reflects Extreme Money Supply Creation, Extreme Federal Deficit Spending and Federal Debt Expansion, Pandemic Disruptions and Supply Shortages; It Does Not Reflect an Overheating Economy.” Federal Budget Deficits are running a record $3 trillion a year with no end in sight.

Raising rates at this precarious juncture will bring down the fragile US and global financial system, paving the way for a crisis where citizens might beg for emergency relief in the form of digital money and a Great Reset. It is worth noting that every major US stock market crash since October 1929 including 2007-8, has been a result of deliberate Fed actions, disguised under the claims of “containing inflation.”

This time the damage could be epochal. In September the Washington-based Institute of International Finance estimated that global debt levels, which include government, household and corporate and bank debt, rose $4.8 trillion to $296 trillion at the end of June, $36 trillion above pre-pandemic levels. Fully $92 trillion of that is owed by emerging markets such as Turkey, China, India and Pakistan.

Rising interest rates will trigger default crises across the globe as borrowers are unable to repay. This has been deliberately created by central banks, led by the Fed, since their 2008 crisis by pushing interest rates to zero or even negative.

F. William Engdahl is strategic risk consultant and lecturer, he holds a degree in politics from Princeton University and is a best-selling author on oil and geopolitics.

He is a Research Associate of the Centre for Research on Globalization (CRG)

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By F. William Engdahl Global Research, December 28, 2021 https://www.globalresearch.ca/will-the-federal-reserve-crash-global-financial-markets-as-a-means-to-implementing-their-great-reset/5764816