Christine Lagarde must be reading my stack...

Kidding of course, but readers, I told you so first!

Here is her speech at the European Central Bank (ECB) on April 17. Quotes are from this speech:

We are witnessing a fragmentation of the global economy into competing blocs, with each bloc trying to pull as much of the rest of the world closer to its respective strategic interests and shared values. And this fragmentation may well coalesce around two blocs led respectively by the two largest economies in the world.

In short, we could see two profound effects on the policy environment for central banks: first, we may see more instability as global supply elasticity wanes; and second, we could see more multipolarity as geopolitical tensions continue to mount.

My previous article pointing to these trends:

Updates on the Dollar Death Spiral

Yes, the multi-polar world is emerging and this potentially spells trouble for all those techno-globo-fascist utopias (dystopias for us, the lowly citizens) the bankers promised to each other and their owners. That’s a yuuuge problem. How are they going to make all of us own nothing and be happy now?

Fragmentation of the global supply chain is ongoing as unruly business owners are not stupid enough to fall for “inflation reduction act”, and “strategic autonomy agendas”. How dare they doubt the pronouncements of great government leaders!

In response, governments are legislating to increase supply security, notably through the Inflation Reduction Act in the United States and the strategic autonomy agenda in Europe. But that could, in turn, accelerate fragmentation as firms also adjust in anticipation. Indeed, in the wake of the Russian invasion of Ukraine, the share of global firms planning to regionalise their supply chain almost doubled – to around 45% – compared with a year earlier.^[5]

These changes also suggest that a second shift in the central bank landscape is taking place: we may see the world becoming more multipolar.

Likewise, the unruly countries are also running for the exits and de-dollarizing the trade, which makes central bankers nervous and sad:

Anecdotal evidence, including official statements, suggests that some countries intend to increase their use of alternatives to major traditional currencies for invoicing international trade, such as the Chinese renminbi or the Indian rupee.^[17] We are also seeing increased accumulation of gold as an alternative reserve asset, possibly driven by countries with closer geopolitical ties to China and Russia.^[18]

“Anecdotal” - in central banking speak is like “rare” for the covid injection side effects when Walensky talks about them. Even worse - an alternative to SWIFT, oh no!

There are also attempts to create alternatives to SWIFT. Since 2014, Russia has developed such a system for domestic and cross-border use, with over 50 banks across a dozen countries using it last year.^[19] And since 2015 China has established its own system to clear payments in renminbi.

She has a solution for this - more “policy cohesion” among central banks which is finalizing the takeover of the European Member States by the central command and control.

achieving the right policy framework will not only determine how our economies fare at home, but also how they are viewed globally in a context of greater “system competition”. And while the international institutions established in the wake of Bretton Woods remain instrumental for fostering a rules-based multilateral order, the prospect of multipolarity raises the stakes for such internal policy cohesion.

By the same token, for Europe, long-delayed projects such as deepening and integrating our capital markets can no longer be viewed solely through the lens of domestic financial policy. To put it bluntly, we need to complete the European capital markets union. This will be pivotal in determining whether the euro remains among the leading global currencies or others take its place.

The most notable aspects of this speech are the following: one, Christine Lagarde is caught publicly in the act of telling the truth! This can only mean that the situation is indeed dire. And two, in the highly veiled language of the central bankers she is announcing that they will now be overtly (rather than covertly) waging financial wars. She has announced the bank’s readiness to engage in a financial global apocalypse. Here is an interesting graph of the change in money supply. It does look a bit apocalyptic.

As you can see from this graph, the money supply is almost always increasing year over year. The largest increase in history was right at the start of the covid lockdown period in 2020. However, this spike is qualitatively different from the rest as well. Instead of reflecting the increase in business activity or a start of a regional war for instance as small spikes indicate, this one was for a completely different reason.

This one was to start the global war, the current one that is waged on the people and fill the funding pipeline for the global genocide. Massive amounts were pumped into setting up the global “killbox”: making up the “pandemic”, control the population and drive them into frenzy by fear and propaganda, pump money into state and local governments directly from Treasury conditioned on “following covid orders” through Interagency Agreements, into making and deploying the bioweapons globally, and provide incentives throughout the chain for killing and injuring people with murder protocols. All this while preventing the flow of money into the normal business activities through the lockdown measures.

The goal of this is to crash the economy: destruction of demand through depopulation, which contracts the global balance sheet and enables both population and money-supply “re-set”. That’s what the self appointed criminal gang of “owners” mean by the global reset.

Other periods of money supply contraction: -Great Depression 1929 -Depression of 1921 -Panic of 1893 -1870s Banking Crisis All previous situations had unemployment rate north of 10%. And massive bank failures.

The money supply has contracted to between panic and great depression levels, the dollar is dying, the single global reserve currency is going away, and a multi-polar world scenario is developing. This means that there are now competing powers in various stages of economic calamity which will be engaging in wars over the dominant control of the money supply, including the kinetic ones, if the history is a predictor of the future. We will have a larger number of government-banking-military cartels, which is both good and bad news. The good news is that while they are going to be just as criminal and evil as the ones we have today, they will be fighting with each other for a while. They won’t be able to establish a single technocratic GULAG, and it will likely be easier for us to resist the mini-GULAGs. Yay! The bad news is the wars over the control of the money are the ultimate destroyers of the world.

Art for today: Limited edition print, The Apocalypse, 16x24 in.