Josh Sigurdson talks with author and economic analyst John Sneisen about Germany’s recent call for a global payment system independent of the U.S.
Germany’s Foreign Minister Heiko Maas has called for the creation of a global payment system outside of the U.S. that would further prop up Brussels and allow it to be independent in its financial decisions outside of Washington. It’s meant as a way to get around the recently deterred nuclear deal.
As Maas said,
“Europe should not allow the US to act over our heads and at our expense. For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system,”
Germany has been adamant for most of its history to rule the world order. Whether with radical intolerance or radical tolerance, both extremes utilizing the powers of collectivism. This is what this is all about. First we have tariffs out of the United States that negatively affect taxpayers and restrict proper free market competition and individual demand. A smaller form of collectivism. Then you have the massive European Union attempting to desperately aide its powers on the world stage and grow in size and scope. Bigger collectivism. All symptoms of the same disease of statism.
As the ECB licks their chops, the truth is they are absolutely desperate because they know the entire system is going down and they are doing anything they can to salvage the system. The Federal Reserve desperately raises interest rates. The global monetary system attempts to create a global cashless society out of the SDR at the IMF. The IMF looks to put its headquarters in Beijing, China.
The funny thing is, there is already a global payment system independent of the U.S. There is a global payment system independent of the government in general. Decentralized blockchain technology has developed several of them. Competing currencies. Of course that doesn’t benefit them. They want legal tender. They want to force people into debt. They want something that is only routed through the banking system. That will be the end result if they succeed. We just need to ensure they do not. We need to educate ourselves and the public and learn to be self sustainable, independent and decentralized.
Stay tuned as we continue to follow this story.
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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