Crunch time approaches for world economy … There was a belated admission from Mervyn King (left) on Wednesday; ignore the Inflation Report, he seemed to be saying, because its forecasts may amount to no more than tomorrow's chip paper. The Bank of England, headed by King, has had its credibility tested close to destruction by its repeated failure to meet the inflation remit. OK, so of course he didn't use those exact words, but rarely has the Bank of England's Governor hedged his quarterly update with so many conditions and caveats. Given the record, which for the past three years has pretty consistently seen the Bank miss both its inflation and growth forecasts, you might think him wise to do so. In any case, "uncertainty" of outlook was the Governor's preferred message du jour. Looking at the range of challenges faced by both the domestic and world economy, few would fault his diagnosis. Markets took the slightly higher forecasts for both inflation and growth to mean there was now less chance of further quantitative easing, but that wasn't what Mr. King was trying to say. – UK Telegraph
Dominant Social Theme: Everything is going to Hell.
Free-Market Analysis: The most important thing in the world from our our point of view as professional "meme watchers" is figuring out whether the current global chaotic economic situation is in some sense created or whether it has somehow spun out of control. Perhaps both at the same time? In other words, the creation of chaos brings with it the danger of a chaotic system that the power elite cannot easily handle. Thus the creation of chaos becomes a bet: Will it be controllable over time and lead eventually to that most cherished or all elite goals … one-world government?
In this article, we will offer up an analysis of whether the current Western (and world) difficulties are indeed being controlled or whether they are symptoms of larger difficulties that the elite is having. We will start by looking at how the Internet has affected the power elite and then apply that knowledge to how the economy is unfolding and finally try to reach a conclusion. (Note: We have previously attempted a variant of this article; but then our analysis dealt with various approaches to defining the power elite rather than directly with the power elite's agenda. You can see the article here: Is the Elite Destabilizing the World on Purpose?
To begin with we will discuss how the Internet has affected the power elite and the dominant social themes that the Anglo-American axis of powerful families and industrial and religious adjuncts uses to influence world events. These fear-based promotions are intended to frighten middle classes into giving up more wealth and personal control to Western elites in our opinion. During the 20th century this strategy worked very well but in the 21st century the truth-telling of the Internet has undermined this approach in our view. Thus the power elite's NWO goal is in some jeopardy.
As we have postulated throughout most of the 21st century one way or another the dominant social themes offered up by the Anglosphere have been continually less effective. This is because human beings are storytelling creatures and stories are ultimately what provide the cohesiveness for ruling classes. This is why it was so important for the elite to control the means of communication. And this is also why we have postulated this control is breaking up in the 21st century.
Today, the tools of storytelling are in conflict with one another. The elites that have so long controlled ALL the means of communication in the 21st are struggling against an Internet that has debunked or at least cast doubt on much of the fear-based mythos that the powers that be promoted in the 20th century. The themes still resonate of course and are still being actively marketed but they are not by any means so successful as in the 20th century.
We can tell this objectively. The elite has had considerable difficulty with global warming which was a core promotion evidently and obviously. It imploded once emails were placed on-line showing a conspiracy to present only certain views and statistics supporting globlal warming. The Internet itself is an unintended consequence of technology the elite was developing vie NORAD to support military industrial plans. Many 20th century memes seem to be less persuasive as well judging from the debunking making its appearance on the Internet and Youtube.
We would thus argue that some of the dominant and sub-dominant themes of the Western power axis have become undone as a direct result of Internet truth-telling – at least we observe it to be so. That brings us then to the issue that we will examine for the rest of this article – whether the current economic unraveling taking place throughout the West is planned or not.
There is evidence on both sides regarding this thesis. Let us examine the position first of all – one that we have argued in the past – that the unraveling of Western economies has happened to quickly and too publicly for the elite's liking. We have pointed to numerous observable signs that this is so. One of the most prominent was the public spat between Germany and Europe over establishing a bailout fund for the PIGS. France's Sarkozy threatened to pull France out of the EU unless German's Merkel agreed to such a fund. That did not sound like a smooth discussion of events already planned. It sounded like an argument (even granting that it was resolved).
We also note the continued, steady unraveling of the European and American economies and the "push back" against many additional power elite themes, even the most basic such as the primacy of regulatory democracy and the sway of central banking. This in our view CANNOT be in the best interests of an elite that has spent a hundred years building up these dominant social themes, which facilitate the rule of the elite via mercantilism. The initial austerity riots in Europe and the growing Tea Party movement in America are also evidently and obviously not to the liking of Western elites.
Finally, there is the G20 arm-twisting taking place – again in Seoul Korea today. The Western elites want the rest of the world's powerful economies to agree, basically, to let the American dollar purposefully lose value against other currencies. This allows the US to inflate away its debts, ease its economy and not-so-coincidentally devalues the hoard of dollar securities that foreign powers such as China have been amassing. Unlike in previous eras, however, it would seem that other nation-states are objecting more vigorously than usual and threatening to undermine the world's dollar reserve status. Chief among these countries are the so-called BRIC nations – Brazil, Russia, India and China.
The above is a fairly rudimentary perspective – which could go on for pages – as to why the Western economic meltdown seems to spiraling out of elite control. Does the elite fear civil unrest more in America than Europe? This we do not know. But we would note that elite-backed legislation and federal agencies have been trying to disarm US citizens (especially in the Red states) for decades. That they have not yet succeeded is further evidence that their control is limited and that they have not achieved all their goals.
Now let us take a quick peek at arguments that propose that Western elites are in fact trying to inflict maximum chaos on the world in order to "save" it with world government and a new financial regime – one perhaps run by the IMF which would assume global central banking duties. In order for this to happen, we have to assume that the West retains primacy throughout the world and can in a sense command the rest of the world's nations in terms of telling them what to do. Within this context, the current political infighting becomes a mere charade intended to convince observers that global government is not in fact preordained when it is.
Is it possible that it is so? Does the West in its current bothered state retain the clout necessary to create global government after an appropriate level of chaos has been realized? We look for Western influence – and evidence of it – in China especially. And we have noticed recently certain reports about American corporations and famous banking firms and Chinese economy. In addition to certain Chinese franchises that have just been granted to the Rothschild dynasty, there are reports of a Chinese car company taking a big stake in GM. These are just the latest reports we can find. And we have previously noted that some major Chinese families apparently consider themselves Jewish (Western) by bloodline.
There is also the whole issue (as we have written recently) of whether China itself (or its leaders) are really in a position to resist Western economic pressures. We have argued continuously that the Chinese economy is in a delicate state and were it to collapse the "leadership" might collapse with it. This gives rise to the argument that the Western elites are well positioned to impose an enlarged global solution to the world economic crisis.
Finally, it is evident and obvious that the West has made considerable inroads in influence with both Brazil and India. US President Barack Obama has concluded what seems to have been a fairly successful tour of India and Brazil, meanwhile, generally supports many Western industrial interests. There are huge car plants in Brazil from both America and Japan in Brazil, among other Western industrial interests. Russia, which may not be so industrially integrated with the West at this point, is making conciliatory political noises regarding the West. Russia has been helpful when it comes to the Afghanistan war and is helping to train local troops on NATO's behalf.
These, as we stated above are only a few clues of many that we have observed regarding the Anglo-American axis' clout when it comes to imposing a new, Western-run economic solution world-wide. If the Anglo-American axis has the ability to push through the IMF-run global central bank and a new currency such as a "bancor" then it makes sense that the axis would not effectively ameliorate the current chaos but would only pretend to do so with an eye toward implementing a larger solution that brings the world a good deal closer toward a single unified government by in a sense unifying the currency.
We don't have any firm conclusion when it comes to all of this. There have been reports recently in the American media of talk-show-hosts on both the left and right inciting "patriot" violence that would allow the US civilian and military forces to "crack down." There has been a good deal of dark speculation about "false flag" events as well, especially in America. Again, such events would allow for further authoritarianism in America which would then ease, additionally, a new economic order and ultimately the NWO itself.
Sorting through all of this, we fall back on the paradigm that we began with so many years ago. There is a battle being waged between the truth-telling of the Internet and the Western powers-that-be. What might have been a much easier implementation of an NWO has been complicated by this new communication technology. It is difficult to pursue a global conspiracy when one's moves are being dissected constantly by a thousand blogs and analyzed by a million readers – or ultimately much more.
The latest and perhaps most important G20 meeting should be over today, complete with thousands of articles analyzing who won and who lost, and whether the US achieved its objectives or was stymied by the Chinese. We would propose that the reports regarding the G20 be parsed for detail. Best case, they will cast light on what is really taking place behind the scenes and how much influence the West really has. Of course there is always the thought that the elites may WANT the G20 to be unsuccessful. Meme watching isn't easy.