Charles Hugh Smith hits another home run this week with his blog entry:
The Stock Market, Fatally Wounded by the Truth, Will Stumble and Crash
His very first take on this past week’s events is the God’s honest truth:
The stock market is nothing but one giant fraud. The entire market is corrupt and rigged from the ground up. The fraud is systemic, designed into every tendril of the market. It was a useful deception to blame it all on “bad players,” but now the truth has been revealed: the market is nothing but a rigged game enriching insiders.
If anyone who has been in this game, at one point or another over the past twenty years does not understand this, then they are a buffoon.
Amazingly enough I can say this and agree with many of the commentators over the weekend and on the various financial pump and dump networks:
It’s different this time.
While January 6, 2021 has given the elites the excuse to crush free speech, create an illusion of a non-existent threat to our nation’s Capital, and justify destroying Constitutional due process, the unwitting good souls, well most of them, are giving the global elites the excuse they need to initiate part two of their “Great Reset.”
Thus one has to ask, why does a market crash, a destruction in valuations and capitalism betray our American ideals and accelerate the “Great Reset” as planned?
Remember the Davos mantra:
Welcome to the year 2030. Welcome to my city – or should I say, “our city”. I don’t own anything. I don’t own a car. I don’t own a house. I don’t own any appliances or any clothes.
It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much.
The excerpt above from an article published by the World Economic Forum promoting the idea of a “green” economy with very little capitalist activity should seem shocking to normal Americans. But how can an older generation be convinced that this is the best and only path to provide them protection and an ability to maintain some semblance of a survivable existence in this future?
By destroying the very financial system they have known, as have most U.S. and British citizens, for all of their lives.
Thus unfortunately or not, phase two of the plan for the reset has been set into motion. Part one was to destroy the political system using all means necessary in the largest nation and remove the roadblocks for implementation.
Phase two is simpler, more evil, and much more painful for 90% of all citizens living in North America and those few nations in Europe that still enjoy some degree of a freedom loving capitalist life.
By accelerating and inducing a crash in the financial system, starting with an impotent attempt by the political elites to pass any meaningful stimulus package, failing to stop a survivable pandemic, and then imposing a banking and equity market crisis more extreme than 1929, the Reset can accelerate. People will do anything to keep what they have, even if it means mortgaging everything they own to a central banker to enable the illusion of ownership.
Thus a retiree can keep their “home” or their trailer parked in Florida or Arizona. They simply have to sign off ownership of any physical property to the state, via a nationally mandated reverse mortgage program to keep it until they die. They will be given an above average minimum survivable retiree salary with the illusion that they still own their car and their home’s contents even though in reality, everything reverts to the state upon their death.
For the millennial or younger class however, it gets even better. The upcoming national UBI (Universal Basic Income) means that if they agree to “volunteer” for the new state, they will be provided with a place to live, free internet, a free phone, and the perceived freedom to “volunteer” for the state in exchange for those services. I mean seriously, who could ‘resist’ such a great offer!
That leaves those of us in-between. If we resist or quit working for the greater good, our generation will be penalized by the state by attacking our family members and causing a shaming if not actual financial and/or physical harm to our elders. The idea of political speech attacking this ideal will be banned as harmful much like any discussions attacking the state’s Covid-19 programs was viewed as economic or anti-American domestic terrorism. To the rest of the world based on a social credit score or even those just in search of future employment, resistance will result in the tag of “terrorist” will being assigned by the state to starve that individual into submission by denying basic services, including the use of money and participation in society at any level.
It is the perfect, if not most evil plan in human history.
And the recent attacks ginned up on Reddit and via GameStop and silver of all things do not only assist with this program, but provide those who believe in centralized command control economies a patsy to blame for the deliberate crashing of the current system. No blame for Antifa, no blame for BLM, but plenty of blame for those who dared to support Trump, capitalism, or the Constitution.
After all, if your grandmother does lose her home and have to beg for cat food to eat, it will be your fault.
Davos said so.