by Brandon Smith
Of all the inflationary disasters in modern economic history, Yugoslavia’s is the one most ignored by the mainstream. To be sure, the collapse of the Eastern European nation was a slow burn, but with a big explosion at the end. Most people are familiar with the Serbian/Croatian war and the genocide that followed, but few people are familiar with the economic crisis that led to the conflict.
I am not here to present an in-depth analysis of the eventual breakup of Yugoslavia, only to examine the conditions that triggered it. I believe there are some interesting similarities to burgeoning conditions within the U.S., along with some distinct differences.
The First Stage: Inflation
President Josip Broz Tito led the nation in various capacities from 1953 to 1980. He used two powerful tools to clamp down on unrest in the ethnically-diverse nation: large-scale repression of dissenting voices using both police and military forces, and allowing regional foreign borrowing. The latter might not sound particularly important. According to the CIA’s 1983 national intelligence document Yugoslavia: An Approaching Crisis?:
Although self-management in theory permits workers to own and manage their enterprises, in fact the leaders in the six republics and two provinces… became the dominant economic decision makers.
by Jeff Thomas
The concept of the New World Order first gained prominence at the turn of the twentieth century. It’s been in the works for quite a while but has ramped up considerably in recent decades. Not surprisingly, as its autocratic intent has become more apparent, people have become increasingly fearful that its coming will result in their subjugation.
They are correct.
At one time, economic moguls, industrial leaders and even presidents proudly stated their support for a New World Order. In fact, as can be seen in the image above, David Rockefeller stated (in his Memoirs in 2002) that he was fully on board with the New World Order.
He has since stated,
We are grateful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost 40 years… It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But, the world is more sophisticated and prepared to march towards a world government. The super-national sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.…
Just as people go through a lifespan that consists of different stages, so empires tend to follow a pattern of stages.
They tend to start off slowly, making progress as a result of industriousness, understanding that progress is dependent upon hard work and an entrepreneurial spirit.
This is important to understand, as it’s the one essential in the growth of a nation. No nation becomes an empire through complacency or a lack of productivity. Welfare states do not become empires, although most empires end up as welfare states.
So, if that’s the case, what is the progression? And more importantly, what does this mean, considering the dramatic changes that are now unfolding in much of the world?
As stated, prosperity is created through a strong work ethic and an entrepreneurial spirit throughout a significant portion of the population. This is what brings about wealth creation – a condition in which people invest their time and money in a business enterprise that reaps profit. The profit is then re-invested to expand upon that success.
In the early stages of prosperity, those who create the wealth are revered, as the goods and services they create benefit all, even those who may be less ambitious or less imaginative and may never become business leaders themselves.…
In terms of the economy and the American social situation, 2020 is definitely one of the ugliest years on record, there’s really no way around it. That said, I get the impression that many in the public are operating under the assumption that we are about to cross over the peak of the mountain and it will be all downhill from here on. Unfortunately, this is not the case.
All eyes have been focused on the pandemic event, and the thinking is that once the pandemic is “over”, the crisis will be over and everything will go back to normal. But, as the globalists have been telling us since the outbreak began, the world “will never go back to normal again”. It’s not because of the pandemic, mind you, it’s because THEY won’t allow things to go back to normal. The “great reset”, as the World Economic Forum calls it, is meant to go on for many years. And, the globalists intend that every aspect of our lives be changed into something almost unrecognizable.
First I want to make it clear that I don’t expect the reset agenda to be successful. In fact, I think it’s going to fail miserably.…
Covid-19 as it is called, was invented for many reasons, none of which are more evident than as cover for the coming economic collapse. Long before the fake pandemic, that collapse was already imminent, but now it can take place in plain sight, as the eyes of the masses will remain blind to the truth. The planned global reset is in the works, and in order to accomplish such a task as this, the current economic system will have to be eliminated in favor of a digitized system designed for total control over the current monetary order and the people themselves. This dystopian nightmare is well underway, but the American people are not prepared for the destruction of the economy at every level from money to food. What is coming is an economic nightmare.
Forgetting for a moment all that is to come this fall and spring, and after, just try concentrating on how devastating this government response to this manufactured pandemic has been to date. That alone should send chills up the spine of any paying attention to what is happening and will happen to this economy. There is no need to go into the vast complexities of economic theory to see the imminent risk we face.…
No, that’s not a typo.
In 1776, residents of the American colonies took the very risky step of going to war with a then-powerful Britain – a War for Independence.
At that time, it was quite a courageous act, one that was a direct result of grievances:
Taxation: Colonists were angry over increased taxation, which at that time was only about 1%. But they got little in return, as the UK did not defend them against the native Americans. Colonists were instructed to sort out their own protection.
Production: The colonists were also angry because most of their export product went to the UK and they were paid very little for it, whilst goods shipped from England to the colonies carried a high price, which often left the colonists in debt to English exporters.
Self-determination: But they particularly resented the fact that, although the colonies functioned quite well on their own, and local representatives in the House of Burgesses were entirely capable of establishing law for the colonies, the UK made the bigger legislative decisions. These decisions were often regarded as arbitrary or usurious.
The baby-boomer generation were perhaps the most privileged generation that the US has ever spawned. Their fathers returned from World War II, eager to get married, buy a house and start a family. The economy was booming, as, during the early years of the war, the US wisely stayed out, but provided tanks, helmets and even toothbrushes to those who were directly involved in the fray. What’s more, they didn’t accept pound notes or francs; they accepted only gold. So, at the end of the war, when the manufacturing cities of Europe had been destroyed by bombs, the male populations decimated and the governments broke, the US was on a roll. They had most of the world’s gold and had first-rate manufacturing facilities that only had to switch from making jeeps and rifles to making cars and televisions. That wave of wealth allowed the young married couples to spoil their children with whatever they wanted.
The scapegoating has already started. In almost every sector of the economy that is collapsing, the claim is that “everything was fine until the pandemic happened”. From tumbling web news platforms to small businesses to major corporations, the coronavirus outbreak and the national riots will become the excuse for failure. The establishment will try to rewrite history and many people will go along with it because the truth makes them look bad. And what is the truth? The truth is that the U.S. economy – and in some ways, the global economy – was already collapsing. The system’s dependency on ultra-low interest rates and central bank stimulus created perhaps the largest debt bubble in history – the Everything Bubble. And that bubble began imploding at the end of 2018, triggered primarily by the Federal Reserve raising rates and dumping its balance sheet into economic weakness, just like it did at the start of the Great Depression. Fed Chair Jerome Powell knew what would happen if this policy was initiated; he even warned about it in the minutes of the October 2012 Federal Open Market Committee, and yet once he became the head of the central bank, he did it anyway.…
Coronavirus has long been known to virologists. It’s a seasonal virus that mutates somewhat each year. In the past, it’s routinely been dealt with through treatments that are both cheap and plentiful. And yet, somehow, the release of corona in its latest mutation has been co-opted to justify a social and economic shutdown in over one hundred countries. More than ninety-nine percent of those who catch it are likely to make a full recovery. Children seem to be almost totally immune to its effects. And front-line doctors are reporting that the “presumed positive” cases and presumed deaths are greatly exaggerated beyond the actual. Yet, Bill Gates has stated repeatedly that, “Things won’t go back to normal until we have a vaccine that we’ve gotten out to, basically, the entire world.” This message, although it has been backed by no scientific basis whatever (and proffered by someone with no medical training whatever) has been echoed daily by the media as gospel.
International Man: Amid the Covid-19 hysteria and global shutdown, the drawbacks of living in a big city have become more apparent. Sure, cities can offer more career opportunities. Still, they are also more expensive, dirtier, have higher levels of crime, crowded, have fragile supply lines, and infrastructure that can get easily overwhelmed. How do you view the value proposition of living in a big city today, given what is transpiring? Jeff Thomas: Well, in my college years, I found cities to be very attractive. Lots of social opportunities, lots of shops, a greater variety of goods, etc. But, during that time, I was very fortunate to have experienced two city crises from which I learned valuable lessons. The first was an oil crisis in the winter of 1973. It was bad enough that many people had to abandon their cars, some out on the highway, in the snow. Some people died from exposure.