Some of the people who read my recent article about globalism and the British banking system’s global ponzi scheme had questions.(1) In synthesis, they wanted to know how our economy has become rigged over the course of the last 4 to 5 decades. They wanted to understand the mechanics of how the banking system has been ripping us all off.
Well, much to my fairly recent surprise, it turns out that we common folk don’t need a fancy degree to figure out the basic mechanism behind what every one of us knows to be true – that something has gone awry with our economic/monetary system over the course of the last 20, 30, 40 or so years! It can all be boiled down to a central mantra that late 20th and early 21st century century globalist economists have pushed as a “given”.
This supposed “given” has been dubbed “The Cruel Choice” and it has been spoken about as an economic law by every head of the Federal Reserve since the 1970s. Another, more technical representation of this phenomenon is “The Phillips Curve”. The diagram accompanying this piece of writing is a visual illustration of this curve, which says: When you have economic expansion and job growth you have inflation. And when you have inflation you’re forced to make a “cruel choice”. There’s a fixed trade-off between inflation and employment. The Phillips curve demands a choice between the two.
Put another way, the more we produce as employEEs, the more our employERs are going to have to punish us by making us choose between reduced employment and rising inflation. If your blood is beginning to heat up then you’re starting to understand “The Cruel Choice” we’ve all been told is part of the deal if we want to live in the US or Europe or Australia or South America, etc., in the 21st century.
Notice, so far nothing has been said about a so-called conflict between capitalism and socialism. Nor is any of what you’ve just read a description of Marxist economics or capitalism proper or macro or micro economics, etc.. If you’re thinking along those lines I invite you to gently put all of that stuff in the co-presence for a moment, because none of it applies here.
The Phillips Curve is essentially shorthand for the British (banking) economic model. This model has acted as the engine of so-called Globalism since the tail-end of the 20th century. Put another way, it’s a bullsh_t piece of dogma that was injected into the Western conceptual model of what it means to live in a capitalist democracy. In truth it’s not at all part of the original “American System” which has been duplicitously nudged toward the dustbin of history over the course of the last half century.(2)
The “finance-based” economic system that’s been operating these last few decades seconds the lives of human beings to enormous profits for the few. The system is unabashedly anti-human. It’s rooted in a disguised form of absurd nihilism that ultimately culminates in the destruction of everything and everyone that gets in the way of the quasi-religious “laws” of the “free market”. Although many (incorrectly) equate this idea with Americanness it’s actually a British creation that was revived in a Frankensteinian form in Europe and the US during the 1970s. It’s name: Neoliberalism.(3)
In a nutshell, we’ve all been played and ripped off by the banking oligarchs who we’ve allowed to buy-off both our electoral system and our “mainstream” news media (from left to right). And if you think being a Republican or a Democrat or a member of the Labor party sets you apart from any of this madness, you’re wrong. Barack Obama, George Bush Jr., Tony Blair, Keir Starmer, Dick Cheney and Emmanuel Macron are all die-hard globalists who’ve dutifully served the banking City of London’s debt-propelled, warlusting agenda.(4)
If you’ve read this far and you’re not a completely indoctrinated ninny, you’re catching my drift here. In part 2 of this 2 part article, I’ll get into the other options we have as citizens in a democracy – options that don’t involve being ripped off by a rigged system.
CITATIONS
2-https://en.wikipedia.org/wiki/American_System_(economic_plan)
