471TO Profile picture
Jun 11, 2024 16 tweets 9 min read Read on X
Global order over the past 2000 years: 🧵

Roman Empire was limited mostly to surrounding regions of the Mediterranean region, just like Bronze Age civilizations; Romans were not a global empire at all. It collapsed in two stages. The first stage was driven by Hun invasion from the East, which then stimulated Germanic tribes. The eastern power, today represented by Russia as well as near-internal region of Germany have not been traditionally in line with the rest of Europe. The entire 20th century was devoted to wars involving Germany & Russia, showing that European pursuit of common goals can be disrupted internally.Image
The notion of globalization, namely use of global resources distributed in Middle East, Asia, Africa and Americas, dates back to Marco Polo, who was obviously a very curious man who mapped the Silk Road and much of global shipping routes between Europe and Asia some 800 years ago.

These two modalities of transportation of goods by land and sea have been used alternatively. For instance, Ottomans took taxes over the Silk Road, but when they occasionally blocked it, Europeans expanded their naval power and shifted to sea transportation, as Ottoman revenues declined.

Europeans always push for globalization while eastern powers block it since they are not the main beneficiaries of the profits.Image
Spanish and Portuguese explored Americas and Africa.
Spanish brought so much gold from the New World, it caused heavy inflation in Spain.

Clearly, globalization originates from Europe. Globalists are the original capitalists. Image
The wave of European globalization was led by different groups; Portuguese, Spanish, Dutch, French, Brits. US was very much a consequence of European globalization movement, which then separated from the main group for about 150 years due to heavy taxes imposed on them.

The figure below is from @GlobalForecastr showing the rise & onset of possible decline of the Globalist Empire over the past 600 years.

Note that the period between the fall of west Roman Empire and discovery of industrialization in Europe coincides with Mini Ice Age, during which weather was not optimal.Image
British Empire was the largest empire in world history, which existed on all continents, across the ocean. A first picture of a globalized empire, a sea empire. Image
An alternate expansionist model was pursued simultaneously by Russia, a land empire.

Details of how sea empire and land empire models have expanded are not of interest in this structural review.Image
We see very little globalization tendency in the largest eastern power, China, who have spent building parts of the Great Wall of China during the past 2000 years, hardly an indication of outward expansionist desire. Image
Globalization by European sea empires and Russian land empire led to the decline of the eastern powers of China and India (until about 1990), while European globalists attained prosperity. Image
However, there were two main issues I want to highlight as problems within the European globalization empire.

The first was that income distribution was not ideal. In fact, the riches originating from globalization benefited mostly to he capital class, those who understood this mechanism of global trade & ways of how money works. Subsequently, income inequility was very high between capital and labor class about 100 years ago.
(graph is from Pikety).

Dickens' book A Tale of Two Cities was published in 1959. Similar conditions of extremely rich (Wall Street) vs poor Main Street started prevailing today in both Europe and US, following the second wave of globalization post WW2, which is also indicated in the graph below.Image
Another is the tiny global control of Germans compared to British, French and Russians. This caused resentment within Europe and fueled WW1, WW2 and Cold War, which then totally disrupted the globalists, enforcing a 60-years disruption (1930-1990).

Interestingly, as shown in the graph above, income inequality reduced during this period as the globalist wealth pump got disrupted by these wars and a new middle class emerged perhaps for the first time in 1500 years.Image
Plans to recover globalized trade date back to 50 years ago. However, it was held back until 1990 by the multi-polar world created by the USSR.

Again, we see a trend here in that Russia is opposing European ideal of globalization and seeks a multi-polar world with totally different systems of rule/money etc, something that Putin still insists on today.

It is unclear whether US wants a globalized world; globalization has not been a long-term pursuit by the US. It certainly did not deeply care about it until about 1990.Image
Once USSR collapses in 1990, globalization comes back from the dead!

Four major developments take place:

1) European globalists establish EU, which is a form of unifying all past sea powers within the region, as well as putting European Parliament for central rule by the rich. In addition, monetary powers of individual countries are taken away and given to ECB, making everybody beholden to a single central authority, however different the economic conditions may be. This is communism on behalf of the rich globalists.

2) Factories are closed and jobs are sent to China to take advantage of the 100x cheaper labor costs, as explained by Goldsmith in this 1994 video. Warnings by Ross Perot describing it as "Giant Sucking Sound" are laughed at and he is put aside as not a serious person in 1992 presidential elections. Instead, a young handsome smooth-talking crooked guy in the pockets of the globalists is put in the WH.

3) Lacking a single religion that can be agreed across so many different cultures, climate change religion is invented. Scientists are happy to support it because Cold War funding disappears. Media controlled by rich globalists starts an overwhelming PR campaign that overshadows USSR's Pravda by orders of magnitude. Al Gore's powerpoint wins Oscar and Nobel prizes, two highest visibility awards in the West.

4) Income inequality in the US explodes higher; working class is hit by a giant invisible object coming from the left field. Perplexed & lost, it takes them 25 years to even get angry.

Through this review, we see the following trends:

1) Europe is the origin of globalists and to this day, this is what is in their heart... except for Germany.

2) Russia is a disrupter of globalism & defender of multi-polar world, in particular one centered on Russia's "Euresia" vision. German thinking is more in line with Russians than the rest of Europe, feeling somewhat out of place much of the time.

3) China wants to be left alone.

4) US is not totally sold on globalization because North American continent has rich resources and land that is more than sufficient for the inhabitants. It is also vastly distant from the rest of the world. US attempts to join Europe's globalization vision have ended up with endless wars, awkward position of defending Europe & build up of global resentment against the US. The fact of the matter is that US can withdraw its tentacles from the world today and do just fine, if not much better.

For these reasons, the next presidential election will not be along the traditional Republican vs Democrats, which is an obsolete notion that is no longer applicable to the present situation. After all, both parties are supported by and serve mostly the Wall Street.

The real divide is between populism (Main Street) and globalism (European old money + Wall Street).
In light of this review, here is the current situation:

1) Globalists at the center of the world seek re-globalization; this is what hey have been seeking for 2000 years.

2) Russia opposes globalization & in war in Europe. This is what they have been doing for the past 1000 years.

3) US is defending Europe, while also pressuring China because they fear China has expansionist ambitions.

4) China is pushing back US & EU and wants to be left alone. Fracture zones are currently in eastern Europe, as well as in ME, which is unresolved problem since Europe made a mess in there in WW1 to obtain resources/oil & that mess has grown into a much bigger huge freaking crazy mess since.Image
Possible scenarios in light of upcoming elections in EU & US:

1) Globalists, who meet every year in WEF meetings in Switzerland, the very center of the center of the world, will do everything in their power to prevent shift from their control to populism (democratic rule). If there is a shift to populism, like 1930s Germany, globalists must go into hibernation for decades.

2) If Trump wins, then the entire globalist agenda could be derailed. Internationally, this irepresents a win for Putin and relief for China. At the extreme case, US can withdraw from NATO and mind it own business on the continent. Dismantling of US$ as global reserve currency is also possible in this scenario; not needed for US-centric economy. I suspect that domestic US economy & global position could benefit.

3) If globalists win, then it is continued wars, possible expansion of war in eastern Europe as well as in east Asia, until one side loses. US will be the main financial and military resource. This will deplete US for generations to come. In addition, ME will enter a bigger mess, with possibly Turkiye taking part in the mess.

A lot at stake in elections in 2024! Time will tell.

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More from @TOzgokmen

Apr 4, 2024
Why is the gold price rising?

some thoughts follow... 🧵

Let's start in year 1965 (just because it is the year I was born in), which is when DeGaulle started complaining about Americans & $. Of course it is typical for French to complain 😂, but De Gaulle followed up by sending war ships to NY harbor to retake the gold that French sent over to NYFed before Hitler invaded in WW2. Other European nations followed & soon Nixon found himself incapable to fulfilling the collateral required by Bretton-Woods 1944 while conducting Vietnam war and had to give up gold/$ connection in 1971.

1971 can be viewed in several ways, depending on whom you ask: (i) the year when $ seized to be real money, (ii) the year when US declared themselves as New Rome - the Currency Empire, or (iii) the year when FX system was born.

Of these FX system to this day is not well appreciated by most central bank managers, even though it is the clearest way by which nations get poorer or richer literally overnight. Fed has weaponized FX system against Europe, UK, Japan, China, Russia, Turkiye, among others over the past few years, influencing directly the welfare of societies.

Some may say "Fed is just a domestic organization for US, why would they do such a thing?".

Well, not everybody was this naive, even a century ago. Below is a vision of what the Fed could end up being from a book published in 1912, the year before Fed was established and WW1 started.

You decide whether the vision for Fed was attained or not? Isn't whether the Fed is hiking or easing every talking head on TV/X/utube dwells on 24/7? Powell's words and nuances are discussed for months & months... Not so little local organization, ha?Image
Let's go back to 1971; there are two important steps here: (a) decision for demonetization of gold, (b) finding a way to keep $ valuable.

Volcker and Fed followed a very determined policy to demonetize gold; that is to say, gold is not to be money. In Q1-2023, gold price increased by 10%, or some 5% in the last week alone. Did you hear anything on Bloomberg channel or CNBC about gold? Anything on FT or WSJ? No! Gold is not to be mentioned! It is the forbidden asset. In fact, gold is not money anywhere in the world today, some 53 years of being abolished by the US.... Isn't that interesting?

mises.org/mises-wire/pau…
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