Ernst Wolff , journalist, author and financial markets expert, breaks down the state of global economies and the possible reasons behind worldwide governmental responses to Covid19. This talk, given in 2021, goes some way to explaining why extraordinary measures may be required by central banks and multi-national corporations to ensure that they can ride the storm of the collapse of monetary systems that seem likely, if not inevitable. It is worth bearing in mind that throughout history the average lifespan of a monetary system is around 80 years. The current fiat currency based monetary system is nearing the end of its natural life and governments now have such huge levels of debt that they have lost the mechanism of interest rates to effectively control inflation. Without controlling the collapse, and the outcome of that collapse, those currently in power stand to lose just as much as those without. The roll out of Central Bank Digital Currencies across the world is now well underway.
Wolff also explains how a few mega-investment management companies have grown to the point that they now have influence over almost every aspect of our lives. Their clout is now bigger than countries: the four biggest fund managers control funds that are 10x the GDP of the EU or the US. If you want proof of this just go to Yahoo Finance, look for almost any large company that you can think of – from media to pharma to food to tech – click on ‘Holders’ and see who the largest shareholders are.
Ernst Wolff’s talk can be found on YouTube but this link is to a version on Bitchute as it has English subtitles.
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