Two Thinkers Who Can Give Us A Better World by Video Rebel

Video Rebel Archive:

June 2, 2022

We live in perilous times. We are governed by people who care not for us. I told my classmates years ago that we would see the rise of a National Security State. Why? Because our ruling class will steal our pensions and then they would blow up buildings with Americans inside just so they could frighten us into surrendering our rights.

There is no safety for us until we revolt. Fortunately, there is an economist in the Eurasian Union who has a credible plan to take down all the Bankers in Japan, Europe and the English speaking world in the very near future.

The reign of King Dollar will soon be over.

Sergey Glazyev is a member of the Russian Academy of Sciences, and a former adviser to the Kremlin from 2012 to 2019, for the past three years he has been Minister in Charge of Integration and Macroeconomics of the Eurasian Economic Union (EAEU). He wants BRICS (Brazil, Russia, India, China and South Africa) to invite emerging nations to collectively refuse to pay any debts denominated in dollars, pounds, euros and yen. He wants to replace those 4 paper ponzi currencies with a basket of commodity backed ones.

Iraq tried to sell oil for euros. But they were dealt a death blow by the American military. Libya tried to establish an African dollar backed by gold and oil that would free Africans from the death like rip of American and European Bankers. Nowadays the NATO installed replacement regime in Africa allows open air slave markets for Africans.

There is a lot of corruption in both the US and in the Ukrainian militaries. Prior to February 24, 2022, Ukrainian generals had sold 80% of their machine guns and RPGs (rocket propelled grenades.) The Russians have Mach 20 missiles. The best the US has is Mach 5. Even the Iranians have a Mach 14 missile. The Russians are installing their S-500 air defense system. It is capable of shooting down hypersonic missiles that the US just dreams about.

Iran is joining the SCO (Shanghai Cooperation Organization) which has the military power of Russia and China behind it to say No to petulant dictates from Washington.

China at the most recent BRICS meeting said they would invite many emerging nations like Indonesia to join and attend the 2023 meeting. Those nations like Indonesia, Sri Lanka, Singapore and many countries in Africa, Asia, Latin America and the Mideast would love to join because there will soon be a military organization powerful enough to say No to the American Navy and to Wall Street.

One reason that American weapons are so much worse than Russia’s, even though they spend far less than we do, is because we allow Bankers to steal money by the tens of trillions from the Defense Department. Can you imagine how little integrity American generals and admirals must have to allow Wall Street to endanger the lives of Americans and get enlisted men killed for fake wars?

A BRICS sponsored debt cancellation would give the Third World much needed debt relief, which is the only way to end a Depression without either hyperinflation or currency destruction, as we saw in America when 31% our currency was discharged in bankruptcy court.

But what of America, the UK, Europe, Japan and the test of the English speaking world? How will we get debt cancellation?

The kings of ancient Sumer and Babylon began painlessly discharging debt by royal decree 4,400 years ago. The Bible writers called it a Jubilee when they saw the Babylonian king cancel debts to revive his economy. It also kept society cohesive as it kept the poor from falling into economic bondage.

Once the currencies the Bankers have been discredited by the BRICS-emerging nations alliance, we will have sufficient anger for a revolution. People in the First World will see Nationwide Food Riots. The American dollar will lose at least 60% of its purchasing power, meaning that a $20 an hour after tax job will be paying $8 an hour. And that man or woman taking home $10 an hour will have to live on $4 an hour. Of course the millions of people who lose their jobs will take 100% paycuts.

My idea, as my regular readers know, is that we arrest the Bankers and seize the tens of trillions of dollars they stole from us and use that money to fund Debt Cancellation.

But we will also need what Irving Fisher called 100% money. Paper money should be issued by the Treasury without debt as Lincoln did with Greenbacks. We should not allow banks to create checking account money. Only the Treasury would create checking account money.

That would eliminate both the US Treasury debt of more than $30 trillion and the $552 billion a year we pay on interest charges for money the Bankers currently create out of thin air.

I would be willing to allow people overseas to redeem dollars in commodities like wheat.

Once debt cancellation is accomplished, we could spend the increase in the money supply into circulation by funding retirement accounts of say $25,000 each on the 18th birthday of citizens. That money would be held in accounts at cooperative trusts to buy corporate stock. Pensions or a promise to pay someone money in 30 plus years would be outlawed. You would pay your employees cash into their retirement fund each year. The working people would wind up owning the country and making the decisions.

Sergey Glazyev and Fisher have opened us up to the possibility of a much better world.

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