The Free

Part 3.. The Great Dispossession: A Massive Financial Crisis Is Pending “soon” -to be solved by seizing our Bank Accounts..

PART 3.. In Part 1 and 2 we see how and why the Recession has been set up The WEF’s “Great Reset” Means “The Return of Feudalism”

from thefreeonline on 18th April 2024 By Dr. Paul Craig Roberts at Global Research

Its hard to imagine our arrogant rulers would sabotage the world economy to

dispossess us and make us digital slaves. Yet something must break- As US hegemony declines it cannot get the exponentially ballooning debts it needs.- Webb’s analysis of the WEF Mega Scam is convincing, but billionaires and offshore transnationals would also lose out initially, as he admits, and might block the Great Reset Plan. Also, like most analysis, it often assumes the USA /UK/West is the universe, ignoring the active resistance of the rest of us.

Read also Parts I and II:
Part 1.. WEF’s Great Reset: The Great Dispossession. The Loss of Property Rights in Financial Assets. “Own Nothing Be Happy”
Part 2.. The Great Dispossession: Turning Our Property in Financial Assets Into the Property of “Secured Creditors

In Part 1, I explained that the next financial crisis will be bailed out not with central bank money creation but with our stocks, bonds and bank balances.

In Part 2, I explained the multi-year quiet regulatory changes that dispossessed us of our property.

In Part 3, I explain David Rogers Webb’s conclusion that a massive financial crisis is pending in which our financial assets are the collateral underwriting the derivative and financial bubble and will result in the loss of our assets but leave us with our debts as happened to those whose banks failed in the 1930s.

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Webb begins with the economic formula that the velocity of circulation of money times the money supply equals nominal Gross Domestic Product. V x MS = GDP.

The velocity of circulation is a measure of how many times a dollar is spent during a given period of time, e.g., quarterly, annually. A high velocity means people quickly spend the money that comes into their hands. A low velocity means people tend to hold on to money.

Velocity impacts the Federal Reserve’s ability to manage economic growth with money supply changes. If the velocity of money is falling, an expansionist monetary policy will not result in rising GDP. In such a situation, the Federal Reserve is said to be “pushing on a string.” Instead of pushing up GDP, money supply increases push up the values of financial assets and real estate resulting in financial and real estate bubbles.

Webb notes that falls in velocity are precursors of financial crises. A multi-year sharp fall in velocity preceded the stock market crash in 1929 and the Great Depression that gave birth to regulatory agencies. The 21st century is characterized by a long-term fall in velocity that has reached the lowest level on record, while stocks and real estate have been driven to unprecedented levels by years of zero interest rates. When this bubble pops, we will be dispossessed.

Will the bubble pop?

Yes. The Fed suddenly and rapidly moved from zero to 5% interest rates, a reversal of the policy that drove up prices of stocks and bonds. The Fed raises rates by reducing money supply growth, thus removing the factor supporting high stock prices and collapsing the value of bonds. This results in a lowering of the value of stocks and bonds serving as collateral for loans, which, of course, means the loans and the financial institution behind them are in trouble.

part 1 .. WEF’s Great Reset: The Great Dispossession. The Loss of Property Rights in Financial Assets. “Own Nothing Be Happy”

Bonds have already taken a hit. The stock market is holding because participants believe the Fed is about to reverse its interest rate policy and lower rates.

Palestine speaks for everyone /Radical Universal Emancipation

thefreeonline on 17th April ’24 by Jodi Dean at Verso Blog

_{In defence of the Radical Universal Emancipation Embodied in the Palestinian Cause.}

The images from October 7 of paragliders evading Israeli air defenses were for many of us exhilarating. Here were moments of freedom, that defeated Zionist expectations of submission to occupation and siege.

In them, we witnessed seemingly impossible acts of bravery and defiance in the face of the certain knowledge of the devastation that would follow (that Israel practices asymmetric warfare and responds with disproportionate force is no secret).

Who could not feel energized seeing oppressed people bulldozing the fences enclosing them, taking to the skies in escape, and flying freely through the air? The shattering of the collective sense of the possible made it seem as if anyone could be free, as if imperialism, occupation, and oppression can and will be overthrown.

As the Palestinian militant Leila Khaled wrote of a successful hijacking in her memoir, My People Shall Live, “it seemed the more spectacular the action the better the morale of our people.” Such actions puncture expectations and create a new sense of possibility, liberating people from hopelessness and despair.

When we witness such actions many of us also feel this sense of openness. Our response is indicative of the subject effect the actions unleash: something in the world has changed because a subject has inscribed a gap in the given.

Intifada or not, something powerful is going on | Palestine | Al Jazeera

To use an idea from Alain Badiou, we see that the action was caused by a subject, thus producing that subject as a retroactive effect of the action that caused it. Imperialism tries to shut these feelings down before they spread too far. It condemns them and declares them off limits.