Vivienne’s Diary – 10.11.20
Gordon has issued an analysis of 
in 4 parts. I 
his titles & headline quotes! “One believes things because one has been conditioned 2 believe them.” – Aldous Huxley (Brave New World) This sounds bland but it is evolutionary: we believe what we want 2 believe. (Propaganda).
Govts & Banks R in a loop: govts impose the rules that enable the banks 2 swindle the public: banks in turn fund govts & lobby 4 war & 
cc.
After WWII, US established 
financial control when 44 other countries agreed 2 value their currencies in relation 2 the $. US had loads of gold 2 back it with. Massive $ spent on Cold War v. communist countries & re: Vietnam, US. Issued more $ than their gold reserves allowed. 1971 Nixon: came off gold standard: $ would now float investors & foreign exchange: up & down, in & out, boom & bust $ losing value until $ actually became debt.
1980’s Thatcher: deregulation = ultra loose banking rules made London popular place 2 trade.
1999: Bill Clinton allowed investment banks 2 ‘join at the hip’2 high street banks. Banks now too big to fail & govt. would always bail them out.
2008: Cra$h.
Today we have part IV. I want 2 ask Gordon, do other $ pundits share yr overview? Do they know what is happening or are they obsessed with gaming the system? Restructuring! When Cra$h comes will it be public or will we in the West realise only when food begins 2 run out& ½ is migrating?
I think that we will all feel it when the crash comes. It will affect people in different ways, but we will know it is happening. Thanks for posting this Vivienne!
Best,
Jeffrey
Comment by Jeffrey Jordan on 10/11/2020 at 3:40 pm
How does this relate to Climate Change? I suppose it could be seen as the banks over leveraging their positions with other peoples money.
This can be viewed as resulting in increased economic activity, which results in more consumption.
The whole problem with the debt markets is that without being backed by the gold standard is that money supply can be artificially injected, without any correlation to natural events occurring on our planet.
This does relate back to climate change because this economic system is jacked up on steroids (to get as big as possible using debt and leverage and other peoples money), with the result of pludering of natural resources, waste and GHG emissions from trade related activities.
We need to find a more sustainable economic system which is more connected to nature.
Comment by Anonymous on 11/11/2020 at 3:53 am