Powerful people know all about narrative. It is the greatest tool in their arsenal. If you can get people to believe what you want them to believe, then you can control their attitudes and behaviors. Narcissists are masters at using narrative to push their agendas and get what they want. So are rulers and empires. Criminals use narrative every day and all the time to cheat, steal, violate people, etc. If you live in society, you are either a victim of narrative, an agent of narrative, or a author of narrative, and often you are all three. You are never anything outside of this construct, for as long as you live, unless you completely drop off the earth and avoid all contact with people.
According to Merriam-Webster, narrative is “a way of presenting or understanding a situation or series of events that reflects and promotes a particular point of view or set of values.” Unless you know the facts, it’s impossible to separate falsities from truth. That’s where the concept of “faith” comes in. Faith is tricky; it’s choosing to have complete trust or confidence in someone or something, without having facts to proof it. In some things, like spirituality, we are taught to have faith, that faith is good and right, but in other things we learn to restrain ourselves and stay in the facts. Trust is built on trial and error, and it’s relative and limited based on each person’s experience.
Like most tools in life, narrative can be used for good or evil. We are all weak somewhere in our selves, which leave us vulnerable to false narratives and manipulation. Politicians and salesmen know better than anyone else that controlling people is about controlling the narrative and having a team is important. This brings me to the point of my post: the national and global narratives. You can be certain that ABC, CBN, CNN, etc. are not going to announce WW3. They’re pros at keeping people distracted and ignorant, working overtime to hide the fire behind a cloud of smoke. Have no doubt, the media is extremely well versed in the skill set and power of narrative.
With the coronavirus and everything that’s happening now, you either follow the narrative, get caught up in it, or question it, but you can’t be sure of its truth. The most intelligent action you can take is to seek understanding and try to foresee what’s coming so that you can better prepare for the future. I follow the sequence of global events to help me piece together the truth behind the narrative. It’s not difficult and it’s not conspiracy either. Didn’t we just assassinate Iran’s Soleimani? Was it just because the U.S. is the good guy and he was the bad guy? Hasn’t everyone heard about sanctions, sanctions, and more sanctions for years? Why? Who cares? Does it matter what Iran and Russia and China are doing?
The dollar is king, but it’s dependent on the world supporting it. That’s the crux of the matter. Dollar hegemony is real empire business, and probably the whole reason for the military and war. Fact is the U.S. empire is protecting its ability to continue borrowing from the rest of the world. The world doesn’t want to fund the debt binge anymore and our politicians don’t want to face reality of cutting costs. Politicians are concerned about re-election, not real issues. People think the Fed is God and dollars come from money heaven. After all, the U.S. is the good guy, the big brother of the nations who just wants to help everyone. Yet our leaders would rather move to socialism, nationalism, communism…anything to keep their power and control.
They’ve been kicking the can for decades and recent events suggest we’ve hit the brick wall. If they can maintain the narrative, keep people believing, they think everything will be okay. But it won’t be okay, because it’s wrong to bully everyone else into dollar submission, to take advantage of others and avoid facing real life responsibility for the mistakes our nation has made. It’s wrong to exchange human lives for wealth, power, and politics. And we can’t live in that wrongdoing forever without paying the price. We can’t just pretend reality is what it’s not and avoid problems hoping they’ll magically disappear. Century after century, people repeat the same mistakes again and again.
In early America, people watched currency after currency become worthless. Naturally, they developed a mistrust for paper currency and regarded it as fraudulent, but we have since forgotten our history. Everyone has faith in the dollar without understanding the complexities of the global economy or how it all works. I started writing a timeline of American history, as it pertains to paper money, the gold standard, oil, terrorism, and war, but it’s going to take me more energy and space than I have available right now for this post. So today I’m just going to focus on my lifetime.
When I was born in the 1970s, Nixon had abandoned the gold standard, and the petrodollar system replaced it. Nixon’s Secretary of State, Henry Kissinger, offered the Saudi royal family and their oil fields U.S. military protection if they would price oil in dollars. The Saudis and OPEC agreed. Since oil is the gold of the global economy, this agreement is what gives the dollar stability and allows the U.S. to continue printing money and adding debt. A collapse of the petrodollar would be the last nail in the coffin for the paper currency. The only thing that gives the U.S. dollar its value is the world using it in trade. When the world doesn’t need dollars anymore, it will send them back, and deem the currency worthless. Then we’ll see something like what happened in Venezuela.
As the dollar approaches the end of its life (drowning in debt over the last decade or longer), many countries have been purchasing gold, which is a real threat to the dollar. The problem is there are two markets—a highly leveraged “paper” gold market and a “physical” gold metal market, and both have been priced the same (until recently). You see, there’s a lot more paper gold than there is physical gold to back it up, just like there’s a whole lot more dollars in existence with nothing behind them that’s stable. The entire financial system has been allowed to multiply on leverage and debt, which was a really bad thing to allow happen. Your guess is as good as mine regarding what comes next, but when the whole things comes apart, it’s going to be ugly.
So let’s fast forward to March 26, 2018, and try to piece together the reality behind today’s “official” narrative…
Russia and China have been buying gold for many years now. The have accumulated a lot!
On March 26, 2018, the new petroyuan futures contracts began trading in China. In other words, China launched its new gold-backed Petroyuan.
The very next day liquidity in the banking system dried up. Repo rates jumped to 10% from about 2% the week before. Something to do with JPMorgan and its criminal paper gold trades?
Meanwhile, the Fed is pumping a ton of money into the repo market to keep it alive.
The Fed pumps a half trillion dollars into the repo market to keep it alive.
On 3 January 2020, a United States drone strike near Baghdad International Airport targeted and killed Iranian major general Qasem Soleimani of Iran’s Islamic Revolutionary Guard Corps (IRGC) while he was planned to meet Iraqi PM Adil Abdul-Mahdi in Baghdad.
The Fed is pumping pumping pumping into the repo market. Suddenly the virus hits! The market thinks it’s great news because it means more liquidity for investors. Stocks are going up like crazy, the market is supercharged, melting up like we’ve never seen before, and everyone is hitching a ride on whatever the hot money buys.
Suddenly, a stock market crash and oil collapses. Ahha! The U.S. shale oil companies are full of debt and if oil is this low for too long, they’ll go bust.
The Fed buys everything, the entire economy until……? Until the big guys can get out of the market, and save their shirts, and then?
Inflation, hyperinflation, and the end of the reign of the dollar.
I’m sure I left lots of holes. Feel free to leave a comment, and we can fill in the blanks together.