Opinion By: Stewart Brennan - Posted March 15, 2020 on the World United News Blog EDITED
When the World Health Organization declared a Global Pandemic on March 11, 2020 due to the Corona Virus, it came at a time when an economic war between the USA and China was well underway. The economic war in itself poses a great threat to everyone but the addition of a global pandemic has thrown the world into a perfect storm of economic collapse.
The outlook for the immediate future looks very bleak as business shrinks, supply lines thin, oil prices drop and businesses close. The economic war between China and the USA now looks set to enter a disaster phase as the two face down what comes in the aftermath of COVID-19.
China’s economic position looks very strong compared to the American / European Economic position simply because China is now the Industrial heart of the World. Both systems are vastly different but strangely enough they both have mutual private banking partners influencing them.
A Canadian Bank Model
The Chinese banking model resembles what we Canadians once had between 1935 to 1974 when Canada’s economy experienced exponential growth. During that time, the Central Bank of Canada issued interest free debt to the Canadian Government in trust for the Canadian people.
The Bank of Canada was created in 1935 and used as a National Public central bank to pull the country out of the economic depression that had ravaged the country and the world. Under the Bank of Canada, money was issued to the Canadian government for its budget and was spent into existence for the goods and services the country needed. The Money was not borrowed from private banks, the money was created by the Canadian government for the purpose of putting people back to work and rebuilding the economy at a time when most of the world was experiencing extreme poverty.
Canada grew to become a strong economically sound nation that carried very little debt. The country experienced exponential growth in its economy and maintained a high standard of living. Jobs were plenty, housing was affordable for everyone and many social programs emerged to support its citizens such as universal health care, family allowance and old age pensions. The Canadian dollar was also very strong and at one point was worth more than the American dollar. If money was needed for disasters or research, the government simply allocated money towards it.
However, the Bank of Canada’s roll in the Canadian economy changed in 1974 when the IMF forced the Canadian Government to borrow its money from the private banks. The result of which sent Canada into an immediate exponential debt spiral.
The Bank of Canada Gave Interest Free Loans between 1935 - 1974
Video Source: World United News
As Canada (the second largest country in the world) slides into third world economic status today due to the private banks owning their debt, China (the fourth largest country in the world) has an economy that continues to grow exponentially without debt.
China
China has a similar type of Banking System in place that Canada once had, in that funds are made available without having to borrow money from a private bank. China has its own government controlled Central Bank (Actually 4 of them) that issues debt free budget money to its government for the goods and services it needs and the projects that need funding. As a result, China has become the number one economy in the world and did so in a very short period of time. (40 years)
While it is easy to see the results of what a National Public central bank can accomplish, it is also easy to see how private banks can destroy nations such as Canada.
As Canada grew into a strong economically independent nation, it was forced by a cartel of private banks into giving away its economic sovereignty. The result has pushed Canada's economy and standard of living into an exponential downward spiral. While the private banks get fat on the constant stream of money it syphons away from the country and its people, deep pockets are leading the privatization of all Canada's resources. Canada, the second largest nation in the world, with vast amounts of resources is heading for 3rd world status.
As Canada falls, China rises. However, China also has partners within the same western cartel of private banks who ensured China’s rise when they brought most of the western industrial capacity to China’s shores while opening western markets to the cheaper made Chinese products.
The difference is that China continues to maintain its four national public central banks to power its ever-growing economy, and does so without putting its country in debt to the private banks.
So, the question is, what was the deal that China made with the western private banking cartel to allow China to rise as the top Industrial country in the World? Surely there is a price to pay as I cannot see the western economic cartel just giving up their empire to China without some sort of major deal in the backroom.
Is China supposed to turn over its economic independence to the private western banking cartel as Canada did? If they don't, then we are going to see a continuation of the economic war that could lead to military confrontation.
A Global Economic War ( The USA vs China)
The economic war which has raged between China and the USA has come to a dangerous crossroads as the corona virus now takes its toll on global markets. Was COVID-19 planned for a global economic merger or was it created for further confrontation?
Regardless of how it came to be, which country do you think is in a better position to survive a Global Pandemic or economic war? The nation that borrows its money with compound interest or the nation that creates its own money without debt?
The World's 20 Largest Banks
In hindsight, the Chinese government has the ability to respond quickly to an epidemic in its nation without an economic burden to the state or its people where as the US government must go through a great deal of political bargaining, red tape and a costly ineffective program that is planned inefficiently or is ineffective while placing the economic burden squarely on the American tax payers, and this while not everyone has access to US healthcare.
It’s quite easy to see that China comes out on top.
What Comes Out of the Global Economic Ashes?
The private economic banking cartel is looking to create a single digital global currency or cashless society together with 5G technology. Coincidentally, China fits this mold right now because it is the Industrial center of the world thanks to western corporations sending their Industrial capacity to China. They lead the invasive 5G technology and hold a very strong economic position while also chairing a new banking system through BRICS. In the event that there is a merger of the Global Banking Cartel with China, it would usher in a global totalitarian economic system. The thought of that makes me shutter, but it seems like this is the way they are going to do it. After all, the current banking system under a US reserve Petro dollar is completely bankrupt under hundreds of trillions of derivative debt whereas the Chinese state has little to no debt at all.
Coincidental (Flu) Pandemic?
The current Corona Virus Pandemic could just well be the psy op or black swan that takes down the post WWII, US global reserve currency. Every western government is voluntarily taking part in the process of shutting down all economic avenues with the exception of Food, Public Transportation and Pharmaceutical businesses. This is how you euthanize a dead man walking economy…as most people must certainly realize that the end of the US Petro dollar and their consumer debt-based economy has long been underway.
It is also convenient to scapegoat the blame of economic disaster by pointing fingers at a Pandemic rather than the real reasons for bankruptcy. The economic cartel of preferred share holder and the politicians that supported them in each nation get to cover their tracks and hide their crimes of theft.
Conclusion:
The majority of people have fallen hook, line and sinker into this global shift as they follow the crowd over the cliff like lemmings clutching their cell phones for the latest propaganda news by the establishment.
The only winners of an economic crash are the Private Banking shareholders and their partners who will have their hands out at margin call when the markets finally do crash. In the end, the private banks get it all including a bailout if needed by its own private central bank.
It’s not too late for Canadians to regain their economic independence, nor is it too late for any other country for that matter. But after seeing the global toilet paper panic unfold online, I have to wonder if there's any hope in salvaging our nations from these parasites. For those awake and in the economic know that want to effect change in their own countries, its going to be a tough fight because whatever emerges from this economic disaster will not give you your natural rights, freedoms or independence. You will have to take it from them.
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The US Debt in Perspective (Jan 2020)
Additional Info:
Listof Rothschild Owned and Controlled Banks
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