Global Capitalism, “World Government” and the Corona Crisis

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This article was provided by Prof Michel Chossudovsky, Global Research.

Michel Chossudovsky is an award-winning author, Professor of Economics (emeritus) at the University of Ottawa, Founder and Director of the Centre for Research on Globalization (CRG), Montreal, Editor of Global Research.  He has served as economic adviser to governments of developing countries and has acted as a consultant for several international organizations. He is the author of eleven landmark books. He is a contributor to the Encyclopaedia Britannica.  His writings have been published in more than twenty languages. In 2014, he was awarded the Gold Medal for Merit of the Republic of Serbia for his writings on NATO’s war of aggression against Yugoslavia.

Authors and members of SouthFront: Analysis & Intelligence may have a different point of view. Nonetheless, SouthFront: Analysis & Intelligence is an open platform that allows to provide various visions and points of view. We recommend this article for reading and express our thanks to Prof Chossudovsky for this article.

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The World is being misled concerning the causes and consequences of the corona crisis.

The COVID-19 crisis is marked by a public health “emergency” under WHO auspices which is being used as a pretext and a  justification to triggering a Worldwide process of economic, social and political restructuring. 

Social engineering is being applied. Governments are pressured into extending the lockdown, despite its devastating economic and social consequences.

What is happening is unprecedented in World history. 

Prominent scientists support the lockdown without batting an eyelid, as a “solution” to a global health emergency.

Amply documented, the estimates of the COVID-19 disease including mortality are grossly manipulated. 

In turn, people are obeying their governments. Why? Because they are afraid? 

Causes versus solutions?

The closing down of national economies applied Worldwide will inevitably result in poverty, mass unemployment and an increase in mortality. It’s an act of economic warfare. 

Stage One: Trade War against China

On January  30, 2020 the WHO Director General determined that the coronavirus outbreak constitutes a Public Health Emergency of International Concern (PHEIC). The decision was taken on the basis of 150 confirmed cases outside China, First cases of person to person transmission: 6 cases in the US, 3 cases in Canada, 2 in the UK.

The WHO Director General had the backing of the Bill and Melinda Gates Foundation, Big Pharma and the World Economic Forum (WEF). The decision for the WHO to declare a Global Emergency was taken on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland  (January 21-24).

One day later (January 31) following the launch of the WHO Global Emergency, The Trump administration announced that it will deny entry to foreign nationals “who have traveled in China in the last 14 days”. This immediately triggered a crisis in air transportation, China-US trade as well as the tourism industry. Italy followed suit, cancelling all flights to China on January 31.

The first stage was accompanied by the disruption of trade relations with China as well as a partial closedown of export manufacturing sector.

A campaign was immediately launched against China as well ethnic Chinese. The Economist reported that

“The coronavirus spreads racism against and among ethnic Chinese”

“Britain’s Chinese community faces racism over coronavirus outbreak”

According to the SCMP:

“Chinese communities overseas are increasingly facing racist abuse and discrimination amid the coronavirus outbreak. Some ethnic Chinese people living in the UK say they experienced growing hostility because of the deadly virus that originated in China.”

And this phenomenon is happening all over the U.S.

Stage Two: The Financial Crash Spearheaded by Fear and Stock Market Manipulation

A global financial crisis unfolded in the course of the month of February culminating in a dramatic collapse of stock market values as well as a major decline in the value of crude oil.

This collapse was manipulated. It was the object of insider trading and foreknowledge. The fear campaign played a key role in the implementation of the stock market crash. In February, roughly $6 trillion have been wiped off the value of stock markets Worldwide. Massive losses of personal savings (e.g. of average Americans) have occurred not to mention corporate failures and bankruptcies. It was a bonanza for institutional speculators including corporate hedge funds. The financial meltdown has led to sizeable transfers of money wealth into the pockets of a handful of financial institutions.

Stage Three: Lockdown, Confinement, Closing Down of  the Global Economy

The financial crash in February was immediately followed by the lockdown in early March. The lockdown and confinement supported by social engineering was instrumental in the restructuring of the global economy. Applied almost simultaneously in a large number countries, the lockdown has triggered the closing down of the national economy, coupled with the destabilization of trade, transport and investment activities.

The pandemic constitutes an act of economic warfare against humanity which has resulted in global poverty and mass unemployment.

Politicians are lying. Neither the lockdown nor the closing down of national economies constitute a solution to the public health crisis.

Who Controls the Politicians?

Why are politicians lying?

They are the political instruments of the financial establishment including the “Ultra-rich philanthropists”. Their task is to carry out the global economic restructuring project which consists in freezing economic activity Worldwide.

In the case of the Democrats in the US, they are largely concerned in opposing the reopening of the US economy as part of the 2020 election campaign. This opposition to reopening the national and global economies is supported by “Big Money”.

Is it opportunism or stupidity. In all major regions of the World, politicians have been instructed by powerful financial interests to retain the lockdown and prevent the re-opening of the national economy.

The fear campaign prevails. Social distancing is enforced. The economy is closed down.  Totalitarian measures are being imposed. According to Dr. Pascal Sacré

… in some countries, patients can leave hospital by agreeing to wear an electronic bracelet. This is only a sample of all the totalitarian measures planned or even already decided by our governments in favor of the coronavirus crisis. It goes much further, it’s limitless and it affects a good part of the world, if not the whole world.
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The “Herding Instincts” of Politicians

Are corrupt governments acting like “police dogs” with “herding instincts” going after their sheep.

Is “the herd” too scared to go after their “government”?

The analogy may be simplistic but nonetheless considered relevant by psychologists.

“Some breeds of dogs [corrupt politicians] have herding instincts that can be brought out with the right training and encouragement [bribes]. …. teach your dog [political proxy] basic obedience and see if it [he, she] displays herding tendencies. … Always look for a trainer who uses reward-based training methods [bribes, personal gain, political support, accession to high office]” (How to Teach Your Dog to Herd)

But there is another dimension. Politicians in high office responsible for “convincing their herd” actually believe the lies which are being imposed upon them by higher authority.

The lie becomes the truth. Politicians endorse the consensus, they enforce “social engineering”, they believe in their own lies.

It’s Not an Epidemic, It’s An Operation

US Secretary of State Mike Pompeo  (slip of the tongue) tacitly admits in a somewhat contradictory statement that the COVID-19 is a “Live Exercise”, an “Operation”:

“This is not about retribution,… This matter is going forward — we are in a live exercise here to get this right.”

To which president Trump retorted “you should have told us”.

Those words will go down in history.

Geopolitics

Let us be under no illusions, this is a carefully planned operation. There is nothing spontaneous or accidental. Economic recession is engineered at national and global levels. In turn, this crisis is also integrated into US-NATO military and intelligence planning. It is intent not only upon weakening China, Russia and Iran, it also consists in destabilizing the economic fabric of the European Union (EU).

“Global Governance”

A new stage in the evolution of global capitalism is unfolding. A system of  “Global Governance” controlled by powerful financial interests including corporate foundations and Washington think tanks oversees decision-making at both the national and global levels. National governments become subordinate to “Global Governance”. The concept of World Government was raised by the late David Rockefeller at the Bilderberger Meeting, Baden Germany, June 1991:

Global Capitalism and “The Economic Landscape”

The crisis redefines the structure of the global economic landscape. It destabilizes small and medium sized enterprises Worldwide, it  precipitates entire sectors of the global economy including air travel, tourism, retail trade, manufacturing, etc. into bankruptcy.  The lockdown creates famine in developing countries. It has geopolitical implications.

The Pentagon and US intelligence are involved. The corona crisis affects to conduct of US-NATO led wars in the Middle East including Syria, Iraq and Afghanistan and Yemen. It is also used to target specific countries including Iran and Venezuela.

This engineered crisis is unprecedented in world history. It is an act of war.

The lockdown triggers a process of disengagement of human and material resources from the productive process. The real economy is brought to a standstill. Curtailing economic activity undermines the “reproduction of real life”. This not only pertains to the actual production of the “necessities of life” (food, health, education, housing) it also pertains to the “reproduction” of  social relations, political institutions, culture, national identity. At the time of writing, the lockdown is not only triggering an economic crisis, it is also undermining and destroying the very fabric of civil society not to mention the nature of government and the institutions of the state (crippled by mounting debts), which will eventually be privatized under the supervision of Big Money creditors.

There are conflicts within the capitalist system which are rarely addressed by the mainstream media. Billionaires, powerful banking and financial institutions (which are creditors of both governments and corporations) are waging an undeclared war against the real economy. Whereas the Big Money financial and banking establishment are “creditors”, the  corporate entities of the real economy which are being destabilized and driven into bankruptcy are “debtors”.

Bankruptcies

This diabolical process is not limited to wiping out small and medium sized enterprises. Big Money is also the creditor of  large corporations (including airlines, hotel chains, hi tech labs, retailers, import-export firms, etc.) which are now on the verge of bankruptcy.

The global financial establishment is not monolithic. It is marked by divisions and rivalry. The dominant Big Money faction seeks to destabilize its competitors from within. The results of which would be a string of  bankruptcies of regional and national banking institutions as well as a process of global financial consolidation.

In the US, numerous retailers, airlines, restaurant and hotel chains filed for Chapter 11 bankruptcy in February. But this is just the beginning. The big gush of bankruptcies will occur in the wake of the lockdown (“The New Normal”). And at the time of writing, the financial establishment is relentlessly pressuring (corrupt) national governments to postpone the lifting of the lockdown. And the governments are telling us that this is to “protect people against the virus”.

Canada’s province of Alberta which is largely dependent on oil revenues is bankrupt.

“Countries that represent over 50 per cent of the world’s global GDP are closed for business. Economists looking for historical comparisons mention the 1929 stock crash, the 1974 economic crisis or the 2008 recession. But they admit that these all fall short of the toll that this pandemic could have.” (Wired News UK, April 29, 2020

In Britain, recent reports state (It’s very British”) “we do not know how many have gone bankrupt”.

What these reports fail to mention are the unspoken causes: a fear campaign on behalf of the creditors, instructions by corrupt governments to close down the economy, allegedly to “save lives”, which is a big lie. Lives are not being saved, and they know it.

The coronavirus crisis “has ground U.S. business to a halt”. National economies are destabilized. The objective of Big Money is to weaken their competitors, “pick up the pieces” and eventually buy out or eliminate bankrupt corporations. And there are many to choose from.

Global Finance Capitalism

The interests of Big Money (global financial interests) overlap with those of Big Pharma, Big Oil, the Defense contractors, etc. Major banking institutions in the US including JP Morgan Chase, Bank of America, Citigroup, Wells Fargo, State Street Co. and Goldman Sachs, are investing in the war economy including the development of nuclear weapons under Trump’s 1.2 trillion dollar nuclear weapons program (first established under Obama). 

The ultimate objective of “Big Money” is to transform nation states (with their own institutions and a national economy) into “open economic territories”. That was the fate of Iraq and Afghanistan. But now you can do it without sending in troops, by simply ordering subservient proxy governments integrated by corrupt politicians to close down their economy on humanitarian grounds, the so-called “Responsibility to Protect” (R2P) without the need for military intervention.

Impossible to estimate or evaluate. More than half the global economy is disrupted or at a standstill.

Let’s be clear. This is an imperial agenda. What do the global financial elites want? To privatize the State? To own and privatize the entire planet?

The tendency is towards the centralization and concentration of economic power. Heavily indebted national governments are instruments of Big Money. They are proxies. Key political appointments are controlled by lobby groups representing Wall Street, The Military Industrial Complex, Big Pharma, Big Oil, the Corporate Media and the Digital Communications Giants, etc.

Big Money in Europe and America (through Washington Lobby groups) seek to control national governments.

In what direction are we going? What is the future of humanity? The current corona crisis is a sophisticated imperial project, which consists in Worldwide domination by a handful of multibillion dollar conglomerates. Is this World War III? Global capitalism is destroying national capitalism.

The unspoken intent of global capitalism is the destruction of the nation state and its institutions leading to global poverty on an unprecedented scale.

The following citation by Lenin dated December 1915 at the height of the First World War pointed with foresight to some of the contradictions which we are presently facing. On the other hand, we should understand that there are no easy solutions and that this crisis is intended to reinforce imperialism and the clutch of global capitalism:

“There is no doubt that the development is going in the direction of a single World trust which will swallow up all enterprises and all states without exception. But the development in this direction is proceeding under such stress, with such a tempo, with such contradictions, conflicts and convulsions not only economical, but political national, etc. etc — that before a single world trust will be reached, before the respective financial national capitals will have formed a “World Union” of ultra imperialism, imperialism will explode and capitalism will turn into its opposite.

(V. I. Lenin, Introduction to Imperialism and World Economy by N, Bukharin, Martin Lawrence, London, printed in the US, Russian Edition, November 1917)

How to reverse the tide. The first priority is to repeal the lie.

In this regard, it is unfortunate that many people who are “progressive” (including prominent Left intellectuals) are –despite the lies–  supportive of the lockdown and closing down of the economy as a solution to the public health emergency. That’s the stance of the Democratic Party in the US, which goes against common sense.

Truth is a powerful weapon for repealing the lies of the corporate media and the governments.

When the Lie Becomes the Truth There is No Moving Backwards

Without the fear campaign and media propaganda, the actions taken by our governments would not have a leg to stand on.

“Social Distancing” does not prevent the financial elites from providing instructions to corrupt politicians.

On the other hand, “social distancing” combined with confinement is being used as a means of social subordination. It prevents people from meeting as well as protesting this so-called New World Order.

Organization, Truth and Solidarity are essential to reversing the tide. The first step of a worldwide movement is “counter-propaganda”.

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