There are paths for a transformational coup by globalists and powerful U.S. institutions that share their ideology. A reflection on crises in the past century show triggering events in hindsight, but when they occur, shock and surprise rule and the only options are reactive. These include the 1929 Stock Market Crash, Pearl Harbor, the Cold War, JFK assassination, Arab Oil Embargo, Iranian Hostage Crisis, 9/11, the 2008 Financial Crisis, and COVID-19. It is necessary to consider what signs of triggering events we see in the present day.
The COVID-19 pandemic provided a template for future efforts to transform the world economy via the allegedly looming climate crisis by defining both as putting human life at risk. Constitutional freedoms were infringed upon long after they should have been lifted to allow a free people to decide what is in their own best interest. Schools in many states remained shut down beyond the point where a consensus wanted them reopened despite President Biden’s promise to have them fully open within 100 days of his inauguration, greatly harming educational achievement. The Biden CDC advocated for schools to be open before being reversed for political reasons. The Administration repeatedly extended COVID-19 emergency declarations that will finally expire on May 11, 2023. In the future such dictates may originate not with federal, state, or local governments but overseas entities like the WHO.
In November 2021 the World Economic Forum’s First Movers Coalition was established in partnership between the U.S. State Department and the WEF to convince private firms to commit to green agenda efforts and reduce carbon emissions. A year later U.S. Climate Envoy John Kerry said “We modeled it somewhat on the experience on what happened with vaccines, the government said ‘we’ll pay for it, build it…” He was joined by Washington veteran John Podesta who claimed that global leaders are seeking a “transformation of the global economy on a size and scale that’s never occurred in human history.”
In January 2020 Larry Fink, founder of BlackRock, the world’s largest fund manager opined that climate change has become a defining factor in companies’ long-term planning, and “I believe we are on the verge of a fundamental reshaping of finance.” Cryptocurrency is not tied to any one nation and could be an alternative monetary reserve. Since the U.S. already has enormous debt, the greatest risk is a spike in inflation, where rising consumer prices force the Fed to sharply raise interest rates, a topic addressed in “Impending U.S. Financial Crisis.” This could trigger a dollar collapse, decimating American wealth and causing economic calamity.
Another debt related concern is that the Social Security Trust Fund and other agencies (intergovernmental debt) own nearly a quarter of the national debt. Repayment will be necessary as people born from 1946 to 1964 retire during the next two decades and receive benefits. At this point the government will need to raise taxes or issue more debt held by the public (foreign countries, pensions, monetary authorities, investors, state/local governments, banks, insurance companies). Debt would be paid back to public sources first to alleviate risk of default concerns, then intergovernmental holdings, perhaps in reduced amounts – lower Social Security benefits for instance.
The U.S. dollar has long been the global reserve currency, accepted for trade throughout the world. The basis for this is the relative strength of the U.S. economy. China and Japan deliberately buy the currencies of their main export partners and keep their currencies cheaper in comparison so their exports are priced competitively. In 2009, China and Russia called for a new global currency, disconnected from individual nations. Part of the motivation was fear of downward pressure on the dollar as described above. They called on the International Monetary Fund to develop a currency to replace the dollar. Since 2009 U.S. national debt has nearly tripled, amplifying these concerns.
The IMF did create an international type of monetary reserve in 1969 called Special Drawing Rights (SDR). It is an artificial currency, the value of which is calculated from a weighted basket of major currencies including the dollar. Its value is not controlled by any one nation, but by the IMF, a NGO previously described in the context of “global stakeholders.” What happens to the value of the U.S. dollar if SDR replaces it as the global reserve currency? Presently one SDR is worth 70 cents. If global elites decide that climate change demands a reset of the global financial system, this is a mechanism by which it might be achieved.
Last edited: February 7, 2023