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I bought a copy of technocratic dark state on the back of Ian's interview on the delingpod and have just completed reading it. I found the book a good read, most interesting and can recommend it to those who wish to gain a understanding of technocracy and how it influences geopolitics today.
How Milton Friedman intended for Technocracy to work at the Federal Reserve:
“….In this context, critics have attributed Friedman’s strong advocacy of monetarism to a primarily partisan motivation: Monetarism served his unilateral anti-government agenda. Because he believed that the Federal Reserve should grow the money supply at a steady, low, fixed rate without even small deviations in response to economic conditions, monetary policy could be on autopilot—and government officials would have no control at all.”
Milton Friedman: The Advocate of Free-Market Capitalism and Monetarism
Friedman first introduced monetarism in his 1959 book, "A Program for Monetary Stability," and for the next three decades monetarism was a major topic of economic debate. In subsequent publications and public appearances over the next 25 years, he made the case for controlling the money supply so effectively that his reputation as an economist was defined to a large extent by the monetarism doctrine he created.
However, by the 1980s, in the wake of notable failures of major monetary policy initiatives in the real world, some of his staunchest proponents began to reverse their support of monetarism. When an avowed monetarist In the U.K., Prime Minister Margaret Thatcher, enacted monetary policy to control inflation in the early 1980s, the inflation rate jumped to 23%. Monetarism was abandoned by 1982. In the U.S., when the Federal Reserve attempted monetarism by steadily growing the money supply to control inflation in the late 1970s, the painful recession of 1981-1982 resulted.56
By 1982, the U.S. had abandoned monetarism in practice, and in 1986, The New York Times reported that Beryl Sprinkel, President Reagan's Chief Economist and one of the “most tenacious partisans” of monetarism, had publicly disavowed the theory.6
Of note, when asked about the failed U.S. attempt, Friedman said that what happened wasn't a failure of monetarism but an execution failure by the Federal Reserve, which he said had focused on interest rates instead of money. '“Monetarism would work, if the Fed plugged the policy into a computer and relied mostly on the computer to steer the economy.”6
In this context, critics have attributed Friedman’s strong advocacy of monetarism to a primarily partisan motivation: Monetarism served his unilateral anti-government agenda. Because he believed that the Federal Reserve should grow the money supply at a steady, low, fixed rate without even small deviations in response to economic conditions, monetary policy could be on autopilot—and government officials would have no control at all.
Trolls and bots are not welcome!
********************************
This a Substack comment thread freely open to all. It is intended to provide a space for productive dialogue.
Everyone is free to comment. Please be civil and courteous to each other. Have a laugh, use irony, whit, sarcasm, whatever you like. Argue your point, show your evidence. But please do not be personal, abusive, or accusatory just because someone disagrees with or questions you.
Personal abuse will result in one warning. If abuse persists, after the warning, the abusive account will be blocked and permanently barred from commenting on my Substack posts.
Please, only reply to this message if you wish to alert me to abusive behaviour.
Thank you.
How Technocracy Works
Technocracy is the Globalist’s Government
Technocracy = Globalist Socialism + Internationalist Fascism
Globalist Socialism = Centralized Control over Global Society
Internationalist Fascism = Centralized Control over the Global Economy
UN = Globalist Socialism
WEF = Internationalist Fascism
UN-WEF Partnership (2019)
https://www.weforum.org/press/2019/06/world-economic-forum-and-un-sign-strategic-partnership-framework/
How the United Nations is quietly being turned into a public-private partnership
A new agreement with the World Economic Forum gives multinational corporations influence over matters of global governance.
https://www.opendemocracy.net/en/how-united-nations-quietly-being-turned-public-private-partnership/
Technocracy Evolved From The Clearinghouse
From: @escapekey on Substack
https://substack.com/@escapekey/note/c-295601537?r=1kb28q&utm_medium=ios&utm_source=notes-share-action
Private convening(‘round table’) at Waddesdon or Bellagio decide we must correct alleged health or environmental emergency
-
OECD decides what to measure
ISO standardises the measurements
IIASA measures at planetary level
IPCC/IPBES and others cherry picks ‘scenarios’ for political expedience
UNFCCC/CBD and others push through legislative frameworks
Sovereign states implement as legislation
You must legally abide the ‘environmental standards’
-
NGFS cherry picks IIASA ‘scenarios’ for financial use
Basel encodes it into capital requirements
BIS creates frameworks for stress testing
Sovereign central banks stress test local (large) banks
You can’t raise funding for non-compliant activities
-
And you were never given a chance to vote for any of it
The Clearinghouse
https://escapekey.substack.com/p/the-clearinghouse?r=1kb28q&utm_medium=ios
Governance by Clearance
https://escapekey.substack.com/p/governance-by-clearance?r=1kb28q&utm_medium=ios
The Full Technical Stack
https://escapekey.substack.com/p/the-full-stack?r=1kb28q&utm_medium=ios
Endgame
https://escapekey.substack.com/p/endgame?r=1kb28q&utm_medium=ios
Julius Wolf - The Clearinghouse
https://escapekey.substack.com/p/the-man-who-history-forgot?r=1kb28q&utm_medium=ios
I bought a copy of technocratic dark state on the back of Ian's interview on the delingpod and have just completed reading it. I found the book a good read, most interesting and can recommend it to those who wish to gain a understanding of technocracy and how it influences geopolitics today.
How Milton Friedman intended for Technocracy to work at the Federal Reserve:
“….In this context, critics have attributed Friedman’s strong advocacy of monetarism to a primarily partisan motivation: Monetarism served his unilateral anti-government agenda. Because he believed that the Federal Reserve should grow the money supply at a steady, low, fixed rate without even small deviations in response to economic conditions, monetary policy could be on autopilot—and government officials would have no control at all.”
Milton Friedman: The Advocate of Free-Market Capitalism and Monetarism
https://www.investopedia.com/terms/m/milton-friedman.asp
Implementing Monetarism in Real-World Economics
Friedman first introduced monetarism in his 1959 book, "A Program for Monetary Stability," and for the next three decades monetarism was a major topic of economic debate. In subsequent publications and public appearances over the next 25 years, he made the case for controlling the money supply so effectively that his reputation as an economist was defined to a large extent by the monetarism doctrine he created.
However, by the 1980s, in the wake of notable failures of major monetary policy initiatives in the real world, some of his staunchest proponents began to reverse their support of monetarism. When an avowed monetarist In the U.K., Prime Minister Margaret Thatcher, enacted monetary policy to control inflation in the early 1980s, the inflation rate jumped to 23%. Monetarism was abandoned by 1982. In the U.S., when the Federal Reserve attempted monetarism by steadily growing the money supply to control inflation in the late 1970s, the painful recession of 1981-1982 resulted.56
By 1982, the U.S. had abandoned monetarism in practice, and in 1986, The New York Times reported that Beryl Sprinkel, President Reagan's Chief Economist and one of the “most tenacious partisans” of monetarism, had publicly disavowed the theory.6
Of note, when asked about the failed U.S. attempt, Friedman said that what happened wasn't a failure of monetarism but an execution failure by the Federal Reserve, which he said had focused on interest rates instead of money. '“Monetarism would work, if the Fed plugged the policy into a computer and relied mostly on the computer to steer the economy.”6
In this context, critics have attributed Friedman’s strong advocacy of monetarism to a primarily partisan motivation: Monetarism served his unilateral anti-government agenda. Because he believed that the Federal Reserve should grow the money supply at a steady, low, fixed rate without even small deviations in response to economic conditions, monetary policy could be on autopilot—and government officials would have no control at all.