July 27, 2018
There is a disconnect within the liberty movement over the notion of where to find the root source of globalism. A segment of people within the movement seem to think that the fount of globalism resides within America itself; that American imperialism is the foundation of the globalist scheme and the dollar is the single most important mechanism supporting their power. This is an naive oversimplification of the problem.
Numerous misconceptions stem from the idea that globalists actually have loyalty to the U.S. system. For example, over the past several years you might have often heard the argument that the Federal Reserve would “never end QE,” that they would “never let stock markets fall,” that they would “never raise interest rates,” that they would “inevitably go to negative interest rates,” that they would “never cut the balance sheet,” etc. etc. All of these assumptions were based on the idea that central bankers and globalists need the U.S. economy and the dollar system in order to maintain financial control of the world in general.
All of these assumptions also turned out to be completely false as the past couple years of fundamentals show the direct effects of the Fed pulling the plug on its artificial support of the U.S. economy. Particularly, we have seen a spike in corporate and consumer debt not seen since before the crash of 2008. Business interests are scrambling to take up the slack left by waning Fed stimulus, and they are digging themselves into a grave-like hole in the process.
Not only this, but we have numerous examples of Fed officials admitting that a crash in markets and the economy would occur if the Fed cut off support. This includes current Fed chairman Jerome Powell, who outlined the result of balance sheet cuts and interest rate hikes back in 2012. Meaning, skeptics cannot argue that the Fed is…