With the recent discussion of the collapse of the western system of banking (and neo-liberal ‘post-truth’ values more generally) a serious overview of the post-WWII stripping down of nation states is in order. Over the past couple of weeks, various figures like France’s Finance Minister Bruno Le Maire and American Senator Elizabeth Warren have called for a re-organization of the banking system with Le Maire saying on July 13 that the Bretton Woods “has reached its limits”, and Warren stating on July 22 that “the country’s economic foundation is fragile. A single shock could bring it all down.” It is no secret that the western nations sit atop the largest financial bubble in human history with global derivatives estimated at $550 trillion to $1.2 quadrillion.
As refreshing as it is to hear such candid admissions of the system’s failure from high level political figures, when asked what they wish will replace this bankrupt order, neither Le Maire nor Warren have any desire to work with the Russia-China Belt and Road alliance and are unfortunately on record supporting policies cooked up by the very same oligarchs they appear to despise in the form of the Green New Deal. In spite of what many of its progressive proponents would wish, such a global green reform would not only impose Malthusian depopulation upon nation states globally were it accepted, but would establish a the supranational authority of a technocratic managerial elite as enforcers of a “de-carbonization agenda”.
Due to the rampant lack of comprehension of how this crisis was created such that such idiotic proposals as “green new deals” are now seriously being suggested as remedies to our current ills, a bit of history is in order….