central bank extinction

CENTRAL BANK EXTINCTION

As much as I love Joseph Farrell, one of my occasional splurges for a book good for nothing more than shock and awe value ( Nazi’s still rule! Free energy devices! ), he has a lot of ideas even weirder than secret moon bases for our green reptilian overlords to enjoy a spa day at.  One of them is that central bankers have been around since the Agriculture Age started ( in Babylon’s Bankster’s https://amzn.to/2QIXsZr )

To me, this is too much of a stretch. At least insofar as my definition of central banks as a modern invention.

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Capitalism and colonialism and central bankers all go hand in hand.  They are far more effective in their Three C’s than the military is.  Capitalism has never been free market or anarchist, it has always been mercantilism dressed in philosophical rags.  Colonialism is necessary to finance capitalism and the central bank turns that excess energy into trade chits.  You cannot have one without the other.  Why colonialism?  Only excess energy creates wealth.  Why central banks rather than government?  Governments cannot by definition be risk taking or innovative or run lean.  Why capitalism?  Finance must trump morals with motivation.

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When right wingers, Republicans or MAGA’s cheerlead the ‘Murican way of life, they are supporting colonialism, the central bank and capitalism.  They think they are supporting our oil empire, the reserve currency and a free market and unfortunately become the elite apologists.  “Free market” is code for globalism.  Which is code for All Jobs Overseas, Abolish The Middle Class and even Kill Whitey.  They actually think the dollar is worth something, even though it is only the least worst fiat currency, momentarily until the diminishing oil reserves remove its backing.  The Oil Empire?  Currently propped up by the Fracking Oil reserves which is 5 to 1 EROI fake fuel.

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But let us not dwell on bubble headed red hats ( as opposed to bubble headed pink hats ).  Back to central banks.  The Dutch innovated them and the English perfected them.  We currently control one that only succeeded from the luck of finding the world’s largest Texas Tea reserves ( or if not the largest, the first exploited so as to control most of the others ), but not through any talent or intelligence ( being born pretty or with huge resource reserves usually equates to learned stupidity ).

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What took the British four centuries to piss away, we have done in barely over fifty years ( I place the end of both empires long before their actual end dates-effective rather than technically ).  They prospered from sugar, cotton and bat guano and built a global empire from that.  We had oceans of petroleum and built an economy on wasting that as fast as possible, with no return on the principle.  It isn’t about the enrichment of the elite-both were the same.  But one at least maintained the golden goose far longer than seems possible.

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Now there is talk of China perhaps becoming the next global empire.  Well, a few wonder that.  Everyone else is either catcalling that ‘Murica is the Forever Empire, or else trembling in fears over the ( slant eyed ) commie under the bed.  But here is the thing.  You cannot become an empire without excess energy.  And you cannot become an empire if you don’t have a central bank.  Nazi Germany had a pretty good run without a private bank, but they were never going to be a long lived empire.  Especially not a global one.  Especially since it didn’t have colonies.

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There is almost no difference between mercantilism and national socialism.  It was Capitalism-AS PRACTICED-close enough.  But without the bank or colonies it couldn’t become an empire.  Russia was never going to have capitalism ( it had no culture outside serfdom ) nor a private central bank for the same reason, so excess resources availed it little.  They might have expanded but that was always defensive rather than colonial.  They didn’t need colonies and were actually smarter than your average bear for jettisoning the problematic Muslim enclaves that were mere tripwire DMZ’s anyway.  Colonies are supposed to return resources, not consume them.

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China is another one who doesn’t allow the Rothschild’s or Rockefellers to exploit and impoverish their nation.  Communist it might be, but it is far more libertarian economically than the US ( all profits, all the time, to the banks ).  And as good as they are building temporary infrastructure ( I cannot believe anyone thinks the quality is indicative of permanence ), they cannot build a global empire on diminishing resources and centralized government management.  And before you start cheering “Africa!”, recall America’s experiment with imperial overreach.  China’s current over expansion is only propped up by an anti-American treaty.

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Their allies are their enemy, but the enemy of the US Empire is currently their friend.  It has no permanence.  As soon as we are done with the unravelling of the PetroDollar, it stands to reason that no current quasi-superpower will retain the resources to exploit the resources of Africa because it is too busy protecting its flanks.  Neither India nor Russia nor China will be allowed predominance.  Each will contest the other.  How does China spare the troops for Africa ( and you need a lot containing tribalism ) while garrisoning Gobi, Khingan and Tibet?

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And speaking of garrisons, what of the Muslims in the west?  Those ragheads don’t have much but barren sand dunes yet they sure enjoy fighting over them.  China has been busy Super Sizing the processes propping up the Industrial Revolution, and doing a rather good job, but it is not a sustainable system.  The very thing that enriched them and turned them from agriculture to industrial was the last exploitation of resources possible ( the last of the fuel to get to the last of the ore, growing the last crops ).  They can only contract with everyone else.

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Central banks, colonialism and capitalism all ONLY work with a growing resource base.  Why do you think American Empire is failing so quickly?  Friggin duh, Einstein.  Peak Oil 2005.  This stuff is only Rocket Science due to denial, wishful thinking and hubris.  You don’t run the 3C’s on contraction, only growth.  Which is probably why the Left has such a toehold now, with their redistribution and anti-growth.  They are too dumb to know better, but while socialism and the welfare state is also going to require growth and excess, at least they see how the capitalism has died.

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Their only mistake is being dumber than dirt on the solutions.  But at least they are observant to the demise.  Flag Waving ‘Muricans still think the five century long economic order is still possible, even as they watch the death of growth, excess or even stabilization if the first two prove impossible.  Sorry, Optimistic Ollies, only decline and contraction are realities now.  But look at the bright side.  The very bankers profiting off us now have no viable escape route.  They THINK they do.  But with the demise of colonies and capitalism, so too do  central banks perish.

( .Y. )

( today's related link here )

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note: free books.  YA PA here.  Novella PA here.  Zombies here.  PA, but-warning, written by two chicks and one review called it Apocalypse Soap Opera here.  
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note: I took a quick break from KU books to read "Ship Of Fools" by Tucker Carlson ( here ).  It is far better than most other political books, not falling into the "Right good, Left meanies" trap but looking through the lens of power and money which is of course bipartisan.  It was a quick and easy read and never should have been more than a magazine article.  There just wasn't much meat to it.  By all means borrow your copy from the library, but I wouldn't spend any money on it.
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note: not sure how long it has been since I had this link up, but if the markets keep falling we should dust this song off, "Jump, You F***er's" here .
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