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Fulford preview 3/10: "The financial system is headed for catastrophic collapse"
The state of the Western political/financial system can be illustrated as follows:
It is a system that is heading straight into a collapse. The current Western political class is unable to deal with the situation. The trigger will be the collapse of Ukraine. As Timofey Bordachev, Programme Director of the Russia’s Valdai Club explains:
In a collective, the individual mind becomes subservient to the collective interest and loses the ability to act independently. This dynamic is now evident in EU policymaking. The bloc has effectively abandoned its instinct for self-preservation. Ukraine is proof that even large states can adopt self-destructive foreign policies. This poses dangers not just for Europe but for the wider world.
What we are witnessing in the West is a group of leaders who have been blackmailed, bribed and brainwashed all their lives into believing in a certain paradigm. Now, as reality destroys their paradigm, they are in a state of denial. They cannot veer from a script dating back centuries that calls for Russia to be destroyed followed by China.
Nothing illustrates this more than government leaders in Canada, France and Poland basically calling for the use of nuclear weapons against the US and Russia.
This is a sign of desperation because the fact is, as we shall see below, Western Europe has been defeated and its’ current political and financial system cannot survive.
Furthermore, the situation in the US is almost as bad as the government clutches at straws in an attempt to avoid bankruptcy. This is seen in patently false numbers being bandied about such as “give us back the $350 billion we gave you by handing over $500 billion worth of rare earth metals in Ukraine.” Fact check, the US gave Ukraine less than a third of that amount and the only rare earths in Ukraine are about $20 billion worth of lithium that is in Russian hands.
Talk about switching to cryptocurrency is also nonsense because it is not real, it is just numbers on computers controlled by the alphabet agencies.
Unfortunately, it looks like the whole system will have to collapse before it is possible to start rebuilding.
“We must, not in several years, but in the weeks to come, find a way to move from our current social model to another, more modern and freer one, without harming the most deprived. It is unlikely that our current political class is capable of this,” is how French journalist Thierry Meyssan summarizes the situation we are now facing.
Elon Musk describes the situation as follows: “We’re reprogramming the matrix. Success was never one of the possible outcomes — If you’re in the matrix, success was never possible. The only way to achieve success is to reprogram the matrix such that success is one of the possible outcomes. That’s what we’re doing. We may or may not succeed.”
Musk may be saying we can’t escape the Matrix because, like the launch of SpaceX’s seventh Starship test flight, the eighth attempt also ended in the craft’s disintegration . About eight minutes after it launched from Brownsville, Texas, several engines appeared to fail, and the 400-foot-tall rocket was last seen spinning before communication was lost.
What Musk calls the “matrix” is reality, as opposed to the fake financial reality (including a fake space program) the West has been living in for about 50 years.
Musk is also concerned he may be assassinated in DC for exposing too many details about the corruption he is dealing with.
The corruption he is talking about is a system that creates money out of nothing and then launders it through the stock market. This can be seen in the illustration below showing US stocks account for 50% of world market capitalization even though the US accounts for about 15.5% of the global economy in PPP terms.
In other words, US stock prices should be worth only a quarter of what they now are if they are to be in line with reality.
Musk, the “world’s richest man” is a beneficiary of this system but is also aware he is living on borrowed time. Tesla sales plunged by 76.3%, 65.5% and 49.16% in Germany, Australia and China in February so, valuing this company more than all the other car companies in the world combined is becoming an obvious lie.
This plunge in sales could be part of a KM attack on Musk. An investigation has found 5 ActBlue-funded groups responsible for Tesla “protests”: Troublemakers, Disruption Project, Rise & Resist, Indivisible Project and Democratic Socialists of America. ActBlue funders include George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix. ActBlue is currently under investigation for allowing foreign and illegal donations in criminal violation of campaign finance regulations. This week, 7 ActBlue senior officials resigned, including the associate general counsel.
Paid protests aside, the reality is that in terms of physical trade, that is real things like cars and commodities being put on ships, data from the World Trade Organization shows the value of Chinese manufacturing exports hit $1.81 trillion in 2023 , up 30 times on 2002, while America’s global trade deficit was over $1.2 trillion.
This imbalance has been going on for decades. It means the US has been getting high on stock market fentanyl while China has been taking over the real-world economy.
This also means it is time to talk to China. China has been patiently waiting for Trump to start negotiating.
However, their patience is running out: “If war is what the US wants, be it a tariff war, a trade war or any other type of war, we’re ready to fight till the end,” China’s embassy said on X, reposting a line from a government statement on Tuesday.
