Nice, Plain English Synopsis Of The Present World Situation

thesaker  |  There have been many explanations for what is going on and the most common is the fight between two possible futures; a multipolar world where there are several power centers in the world, and a unipolar world where the West governs the world. This is correct as far as it goes, but there is another reason which explains why this is happening now and all the urgency and panic in the West.

Recently the New Zealand tech guru Kim Dotcom tweeted a thread about the debt situation in the US. According to him all debt and unfunded liabilities of the US exceed the total value of the entire country, including the land. This situation is not unique to the US. Most countries in the West have debt that can only be paid back by selling the entire country and everything it contains. On top of that, most non-western countries are buried in dollar-denominated debt and are practically owned by the same financiers who own the West.

During the last few decades, the economy of the US and Europe has been falsified on a level that is difficult to believe. We in the West have been living far beyond our means and our currencies have been massively overvalued. We have been able to do this through two mechanisms:

1. The first one is the reserve status of the dollar and the semi-reserve status of the euro which have enabled the West to export digital money and receive goods in return. This has created enormous financial power for the West and enabled it to function as a parasite on the world economy. We have been getting a lot of goods for free, to put it mildly.
2. The second falsification mechanism is the increase in debt to a level where we have essentially pawned everything we own, including our houses and lands, to keep up our living standards. We own nothing now when the debt has been subtracted. The debt has long since become unserviceable – far beyond our ability to pay interests on – which explains why the interest rates in the West are in the neighborhood of zero. Any increase would make the debt unserviceable and we would all go formally bankrupt in a day.

On top of all this, the falsification has created artificially strong currencies in the West which has boosted their purchasing power for goods priced in non-western currencies. These mechanisms have also enabled the West to run bloated and dysfunctional service economies where inefficiencies are beyond belief. We have giant groups of people in our economies that not only create no value but destroy value systematically. What maintains the West’s standard of living now is a small minority of productive people, constant debt increase, and parasitism of the rest of the world.

The people who own all this debt actually own everything we think we own. We in the West own nothing at this point – we only think we do. But who are our real owners? We know more or less who they are because they meet every year at the World Economic Forum in Davos along with the western political elites who they also happen to own.

It is clear that our owners have been getting increasingly worried, and their worries have been increasing in sync with the increased pressure applied by the West on the rest of the world, particularly the Independents. During the last Davos meeting, the mood was bleak and panicked at the same time, much like the panic among the western political elites when the isolation of Russia failed.

What is about to happen

The panic of our owners and their politicians is understandable because we have come to the end of the line. We can no longer keep up our living standards by debt increase and parasitism. The debt is reaching beyond what we own as collateral and our currencies are about to become worthless. We will no longer be able to get free stuff from the rest of the world, or pay back our debt – let alone pay interest on it. The entire West is about to go bankrupt and our standard of living is about to go down by a massive percentage. This is what has our owners panicked and they see only two scenarios:

1. In the first scenario most countries in the West, and everything and everyone within them, declare bankruptcy and erase the debt by diktat – which sovereign states are able to do. This will also erase the wealth and political power of our owners.
2. In the second scenario, our owners take over the collateral during the bankruptcy. The collateral is us and everything we own.

It doesn’t take a genius to figure out which scenario was chosen. The plan for the second scenario is ready and being implemented as we speak. It is called ‘The Great Reset’ and was constructed by the people behind the World Economic Forum. This plan is not a secret and can be examined to a certain degree on the WEF website.

The Great Reset is a mechanism for the seizing of all debt collateral which includes your assets, the assets of your city or municipality, the assets of your state, and most corporate assets not already held by our owners.  Fist tap Dale.