DRAPER'S PAPER ROUTE

Digital Totalitarianism, Anyone?

 

 

We are at a crucial crossroads.  There is a populist revolt growing in intensity across the world.  It is in reaction to the push towards a global economic community that does the bidding of multi-national corporations and banking institutions.  Rather than recognizing the populist backlash to this globalization and backing off, the globalists are moving forward with the very things that caused the backlash.  It is as if they must  find a way to reshuffle the cards by monetizing  the ridiculous debt accumulated during  the formation of this global economic order or the house of cards that is our monetary system is going to collapse.  They need to go cashless.  We need to resist them.

Did you see that Italy voted down Prime Minister Matteo Renzi’s constitutional “reforms”?  Are you wondering why I am asking?  Well, Italy’s banks are on the verge of collapse.  Renzi basically wanted to change Italy’s governmental structure, so that he could have the power to prevent this collapse.   My guess is that he would have made the Italians suffer a fate similar to the one the Greeks are enduring.  The Italians saw through it.  But now the Italian banks are not going to get the loans they need to continue limping along – and this is creating spasms of anxiety in the banking world, particularly in Europe.

Here is a link to an article in Fortune about that:

http://fortune.com/2016/12/05/italy-referendum-renzi/

 

If you want to get a little more in the weeds:

http://www.zerohedge.com/news/2016-12-05/what-happens-next-italy-here-goldmans-take

 

The truth is that while Americans have been internally fixated on our presidential election, some profound things have been happening elsewhere, too.  The banks are in a frenzy and countries are flirting with going cashless.

On November 8, 2016 (election day here), Narenda Modi, India’s Prime Minister, announced that roughly 80% of all cash in India would be worthless as of January 1, 2017.  So Indians with 500 and 1000 rupee notes must deposit them, convert them into small denominations, or see their money vanish like Confederate War Bonds.

Here are a couple of links about this for your reading pleasure:

 

http://www.nytimes.com/2016/11/11/world/asia/india-rupee-ban-narendra-modi.html

 

http://www.zerohedge.com/news/2016-11-24/india-panics-rupee-crashes-record-low-modi-cuts-banknote-exchange-6-weeks-early

 

Sweden is thinking of going completely digital with a banking system that would function between banks and individuals in a manner similar to that of central banks and their member banks.  The Swedes do not use cash much anyway, so they are not going to bother having a real currency – whatever that is.

This is a link to a Wall Street Journal article about a digital Sweden:

 

http://www.wsj.com/articles/swedens-central-bank-considers-digital-currency-1479296711

 

So why pay attention to what is going on in Italy, India and Sweden?  Our recent election shares a common thread with these events, populism and its aftermath.  Brexit and the election of Donald Trump are the outgrowth of a populist revolt against global economic servitude.  The Italians joined the revolt. The push for a cashless society in India and Sweden is part and parcel to what is being revolted against – global economic servitude.  Although the press tries to paint the populist revolt against globalism as racist and xenophobic, it is not; nor is it a revolt against global harmony or beatific visions.  The people are revolting against a particular brand of economic globalism being pushed upon us by multi-national corporations and banking institutions, a global economic community that would look a lot like the European Union, but would be inflicted upon the whole world.  TTP, TTiP, and the North American Union are all spokes in the creation of this global wheel.  We, the people, are but rats upon this wheel.  The fact that we do not like it does not mean we hate or even dislike other people.  We refuse to be treated like rats!

The globalists have a problem, their economic community isn’t working and the banks that are supposed to fund this shindig are going under.  They want to monetize the debt that underlies this scheme.  Monetizing the debt is a fancy term for sticking it to the rest of us by seizing bank accounts and eliminating cash so that they can turn the debt into a complete fiction and keep on functioning as if they had not just enslaved all of us to pay for this fiction.  How do they pull this off?  Digital currency – the iron fiction of totalitarianism.

We, the people, have seen what this portends, and we are telling the globalists something reminiscent of Fletcher’s reaction to betrayal in The Outlaw Josey Wales, “Don’t go pissin’ down my back and tell me it’s raining.”