TWOC on Nostr: https://m.primal.net/KoAD.jpg "By the 4th quarter of 1999, when the Dot-Com Bubble ...

"By the 4th quarter of 1999, when the Dot-Com Bubble was reaching extremes, I saw that the money supply was being increased at more than a 40% annual rate. I knew that this meant that the Velocity of Money was collapsing. Such a collapse occurs when the economy is not growing despite very high rates of money creation.

Please observe the extremely important chart in Figure I.1, which was prepared by Hoisington Management. For once, one can see a true underlying determinant of the sweep of history. Profound decline in VOM lead to the Financial Panic of 1907, which was used to justify the establishment of the Federal Reserve System. The Federal Reserve Act was passed by Congress in the quiet days before Christmas, 1913. Archduke Ferdinand was assassinated six months later.

Following a brief recovery in VOM during the Great War, it collapsed further, leading up to the closure of banks and the confiscation of gold in 1933. VOM recovered somewhat into the Second World War, and then collapsed to a low in 1946, unprecedented until now.

VOM has now contracted to a lower level than at any point during the Great Depression and world wars. Once the ability to produce growth by printing money has been exhausted, creating more money will not help. It is pushing on a string. The phenomenon is irreversible. And so, perhaps announcement of the “Great Reset” has been motivated not by “Global Warming” or by profound insights into a “Fourth Industrial Revolution”, but rather by certain knowledge of the collapse of this fundamental monetary phenomenon, the implications of which extend far beyond economics.

Something has been planned for us, but not for the reasons you have been given. How might we come to know something about the intentions of the planners? Perhaps, by examining their preparations?"

https://www.thewayofcoherence.com/post/the-great-taking