Ben Fulford: It is time to look at the big picture again, July 16, 2012
When historical events are taking place, the daily rush of news event can fog the vision. We have entered such a time of fog now, so it is a good time to stand back and look at the big picture. The European “crisis,” the US “fiscal cliff,” and the ongoing war-mongering by the NATO terrorist states in the Middle East are all part of a fundamental and unstoppable shift in the way this planet is ruled. No amount of propaganda in the Western corporate media and no amount of number inputting in central bank “black screens,” is going to change that reality. The vast majority of the world’s money is now controlled by non-Westerners who have a very different agenda from that of the people who have been ruling the West and most of the world since at least 300 years ago.
The best analogy for what is happening to the West is the fall of the Soviet Union. It started with a ship-yard strike in Gdansk Poland and ended with the fall of the Soviet Union in what in retrospect seems like no time whatsoever. At the time, though the several years in between those two event seemed to last an eternity.
Right now in the West, the regime change against bankster controlled criminal government has started with Iceland but it will end with the United States and the Vatican.
It is something like a Titanic hits the iceberg type of moment where technicians and the ship’s top crew know the vessel is doomed even if they cannot say exactly how long people have to get onto the lifeboats.
What happened to make the fall of the Soviet Union inevitable was not, as we are told, the economic failure of the Soviet model. Instead, it turns out it was the theft of the Soviet Union’s foreign exchange reserves that made the collapse a matter of time.
What we are seeing in the West is the same. The money making machine at the Federal Reserve Board has been closed down so collapse is inevitable.
Think of it as the following: a high flying Wall Street Trader has been fired. He has enough money from his “golden handshake” and savings to keep on going as if nothing has happened. However, you notice that he has begun to sell off his sports cars and art collection.
He has also been borrowing money from banks but he is now fully mortgaged out so he has had to borrow from friends. That has also hit bottom so he has begun hitting non-bank financial companies and loan sharks for money. He has also been writing checks that he knows will bounce (think of the 19 announcements that the “euro crisis” has been solved).
If you are watching all this from the sidelines, you will know that it is not long before the Wall Street high flier will be moving out of his fancy digs.
The situation in the Western world is very much like what has been described above. For the past 30 years the United States and Europe (as a whole) have been running a trade deficit with the rest of the world.
The financial leaders in the West have been secretly financing this deficit by making promises they could not keep. That is why, for example, a $300,000 bond backed by a lifetime of labor is issued every time an American citizen is born. That is why the Chinese have been secretly issued liens on much of US real estate as well.
These maneuvers have bought time and created the appearance that all is well, especially in the US. However, just like Wall Street junkie above, you can deny reality for a certain time but it always catches up with you.
This is the case with the West.
What is now happening is that the creditor nations have stopped issuing new credit.
That is why there is now a 147 nation alliance, led by Brazil, Russia, India, China and Africa that is telling the Western nations they will not buy their bonds or other “financial products.”
The Western nations, however, have prevented the creditor nations of the world from investing their earnings in trade with the West in buying real things, like multi-national corporations, in the West.
The result has been what appears to be a Mexican stand-off, with two people pointing guns at each other while sitting across from each other on a table.
However, in this case, time is on the side of the 147 nation alliance. The big problem for the West is that the Western nations have “out-sourced” most of their industrial infrastructure. These nations made the arrogant assumption that the rest of the world would make real stuff while the Western world gave them orders through the banks and other financial institutions.
Now they find though, the money being earned at Chinese or ASEAN export factories is not being spent on Western IOUs. The Chinese have been taking their dollars and spending them all over the world on “real” things like real-estate, commodities and factories. Other countries have begun to do the same.
What this means is that both the EU as a whole and the United States are bankrupt but are refusing to admit it.
In the case of the EU, the member countries have been announcing they will print “Euros” in order to get themselves out of their crisis. The problem, of course, is that the European central bank does not have the legal right to print any more Euros.
There is a similar situation with the US.
Many readers, at this point, will object and say that both the US Federal Reserve Board and the European Central Bank have announced massive money printing schemes. The question is then, “where did all this money go?” The answer is that it was blocked every time.
Who is doing the blocking? The answer is the 147 nations that are tired of NATO mass murder and invasion. They can tell the Bank for International Settlements, the BIS, to block the money and they do.
In the case of the United States, a slightly different situation exists. The US is in deeper debt to the rest of the world than the European Union. So far, the Chinese have been keeping them going because a US trade deficit with China is in China’s long term geopolitical interested. The more US dollars they get that they can spend in Asia, Africa or South America (but not Europe and the US) the more friends and influence they get around the world.
The result already has been that Chinese are perceived by the rest of the world as arriving with bags of money and business plans while Western nations arrive with guns and plans for mayhem. Guess who is losing and who is making friends in these circumstances (hint: not the Westerners).
The big blockage remains on Asians and other countries being allowed to spend their money in Europe and the US without impediment. If that becomes possible, Europeans and Americans will be hired in large quantities to engage in a massive campaign to end poverty, stop environmental destruction and start a new age.