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BOOM EDITORIAL THIS WEEK
US MASS MEDIA AUDIENCE COLLAPSED. The mainstream media audience has collapsed in America. CNN has just announced the closure of its “World News Headquarters” in Atlanta amid reports that its audience is now less than that generated by just one man in the alternative media, Joe Rogan. Other reports list Tucker Carlson’s audience for his first show on Twitter at over 100 million views. Who needs mainstream news?
On Friday, CNN reporter Kate Bolduan said, “Before we go today, we are marking an important moment today in CNN’s history. Today’s show will be the final broadcast from the CNN Center in Atlanta”.
The people have lost faith and trust in what conventional newspapers, magazines, radio and TV stations offer as news.
Perhaps we should all now bracket the word “news” with inverted commas? Why? Because it is now clear to most that the mass media “news” is in fact an endless diet of propaganda that ensures a twisted view of national and world events. There is no attempt at balanced reporting. No debate is tolerated. Free speech is censored. It is all fearful sensation aimed at political persuasion and intended to create endless mass anxiety.
Fear begets alpha brain wave states which boost suggestibility. So the remnant, robotic audience who continue watching and reading the mainstream western media will do just about anything suggested by the mainstream. They will even believe that the fifth, sixth or seventh Covid “vaccine” jab is necessary and “safe and effective”.
An article in AXIOS recently showed that only 16% of Americans have strong confidence in their newspapers. That is a staggeringly low number. However, for television news, the number is 11%!
The trend in confidence has been in steady decline since 1990. Thirty years of decline in confidence is a disaster, surely. It makes one wonder which of the 11% group implicitly trusts their TV news broadcasts each evening and their morning newspaper. Are they the brain dead – the idiots of the Idiocracy?
UNITED NATIONS REPORT — GLOBAL GOVERNANCE AND CLIMATE CHANGE – UTOPIAN DREAMS OF CONTROL
“The Summit of the Future, to be held in 2024, is an opportunity to agree on multi-lateral solutions for a better tomorrow, strengthening global governance for both present and future generations (General Assembly resolution 76/307).
The author of the “Chapeau” introduction – the UN Secretary General – seems sublimely ignorant of the fact that the term “global governance” is offensive to many millions, if not billions, of people on planet Earth. After all, he is an unelected official, appointed and answerable to no one in particular. He does not represent any electorate. He assumes authority over people who have not played any part in granting him such authority. This lack of real democratic process is a major problem for the United Nations and its many satellite, ‘Non- Governmental Organisations’.
However there is worse to come, much worse. The next biggest problem that BOOM has with the document as a whole is the constant references to ‘climate change’, ‘climate crisis’, and the word ‘sustainable”. This assumes that ‘climate change’ is somehow a financial problem. After all, the document is (supposedly) about reform of the global financial architecture.
Here is a typical sentence illustrating BOOM’s point – Quote: “…. international financial architecture (is) entirely unfit for purpose in a world characterized by unrelenting climate change, increasing systemic risks, extreme inequality, entrenched gender bias, ………..”
And it goes on, “The existing architecture has been unable to support the mobilization of stable and long-term financing at scale for investments needed to combat the climate crisis and achieve the Sustainable Development Goals for the 8 billion people in the world today …….. Dramatic under investment in global public goods, including pandemic preparedness and climate action”.
BOOM must ask – what the hell has climate to do with reform of the International Financial Architecture? Is this a Report on climate, or gender bias, or pandemic preparedness, or sustainability, or is it a Report on Finance?
The international financial architecture should be structured to proactively support the implementation of the Sustainable Development Goals and the realization of human rights.
What is meant by “proactive support”? And why is “the realisation of human rights” a separate matter from “sustainable development goals”?
Then that troublesome word “only” appears again, assuming a centralised (global) authority to act. And reference to global governance appears yet again. “The only way to facilitate such a structure is through ambitious reform, starting with more inclusive, representative and, ultimately, more effective global economic governance.”
The words “inclusive” and “representative” appear as if the author felt that they should somehow be thrown into the word salad, presumably to give the appearance of democracy when the whole thrust of the document is the opposite of it.
The author (or authors — who do not reveal their names) grandly set out the “action orientated” recommendations for reforming the international financial architecture and tax architecture in six areas (somehow the reform of tax architecture has suddenly appeared).
- Global economic governance (yet another reference to Global Governance)
- Debt relief and the cost of sovereign borrowing (who can disagree with debt relief?)
- International Public Finance
- The Global Financial Safety Net
- Policy and regulatory frameworks and
- Global tax architecture for equitable and inclusive sustainable development.
There’s that word “Global” again mixed up with the words “inclusive, equitable and sustainable”. Did an 8th grader write this document with the assistance of ChatGPT, the so-called artificial “intelligence”? BOOM wonders.
The next (rather large) Heading announces “Reform and strengthen global economic governance”. There’s that pesky reference (again) to global governance and we are only on Page 5. The document is well over 30 pages in length.
A diagram then proudly announces, “FIGURE 1 — REFORMED INTERNATIONAL FINANCIAL ARCHITECTURE THAT IS FIT FOR PURPOSE FOR THE TWENTY-FIRST CENTURY” An illustration under it looks like an old Greek or Roman Temple (not a 21st century structure) with three foundations:
“A REPRESENTATIVE APEX BODY TO ENHANCE COHERENCE.” An “Apex” body as a foundation and to enhance “Coherence”? Huh?
“MORE DEMOCRATIC AND REPRESENTATIVE DECISION-MAKING RULES.” Democracy mixed in with some representation and rules? Who can disagree with that?
“REFORMED AND STRENGTHENED GLOBAL ECONOMIC GOVERNANCE.” You can never have enough Global Governance, can you?
And at the top of each pillar in the Roman Temple lie the words:
“COHERENT – LONG TERM – RESILIENT – SUSTAINABLE – EQUITABLE – INCLUSIVE – COORDINATED” Now who could argue with that?
Then, there are two “ACTIONS” listed as necessary to reform the International Financial Architecture and make it ‘Fit for Purpose’ for the 21st century; here we have more “centralised, non-democratic global governance.”
ACTION 1: “TRANSFORM THE GOVERNANCE OF INTERNATIONAL FINANCIAL INSTITUTIONS”
ACTION 2: “CREATE A REPRESENTATIVE APEX BODY TO SYSTEMATICALLY ENHANCE COHERENCE OF THE INTERNATIONAL SYSTEM”
What (exactly) is “coherence” with regard to global finance? BOOM is mystified unless it is a synonym for central control. And do we need yet another unelected, non-representative committee which is now called an “Apex Body”?
The next major title in the document tends towards magical thinking and wish fulfilment: “Lower the cost of sovereign borrowing and create a lasting solution for countries facing debt distress.” Yes, a jolly good idea, 8th grader; why hasn’t someone already thought of that?
ACTION 3: “REDUCE DEBT RISKS AND ENHANCE SOVEREIGN DEBT MARKETS TO SUPPORT SUSTAINABLE DEVELOPMENT GOALS”
ACTION 4: “ENHANCE DEBT CRISIS RESOLUTION THROUGH A TWO-STEP PROCESS: A DEBT WORKOUT MECHANISM TO SUPPORT THE COMMON FRAMEWORK AND, IN THE MEDIUM TERM, A SOVEREIGN DEBT AUTHORITY”
A “Sovereign Debt Authority” – another central committee – or is it to be an Apex Body?
Then, the next (predictable) section: “Massively scale up development and climate financing” With — more magical thinking:
ACTION 5: “MASSIVELY INCREASE DEVELOPMENT LENDING AND IMPROVE TERMS OF LENDING”
ACTION 6: “CHANGE THE BUSINESS MODELS OF MULTILATERAL DEVELOPMENT BANKS AND OTHER PUBLIC DEVELOPMENT BANKS TO FOCUS ON SUSTAINABLE DEVELOPMENT GOAL IMPACT; AND MORE EFFECTIVELY LEVERAGE PRIVATE FINANCE FOR SUSTAINABLE DEVELOPMENT GOAL IMPACT”
Then, it is back to climate change…what else, whilst ensuring “additionality” (whatever that is). And what, pray tell, is climate finance?
ACTION 7: “MASSIVELY INCREASE CLIMATE FINANCE, WHILE ENSURING ADDITIONALITY”
Then a plan to become more effective follows. Who could argue with that?
ACTION 8: “MORE EFFECTIVELY USE THE SYSTEM OF DEVELOPMENT BANKS TO INCREASE LENDING AND SUSTAINABLE DEVELOPMENT GOAL IMPACT”
And time to mention the poor? How did they forget to mention the poor?
ACTION 9: “ENSURE THAT THE POOREST CAN CONTINUE TO BENEFIT FROM THE MULTILATERAL DEVELOPMENT BANK SYSTEM”
Then it’s back to the “global safety net” (whatever that is). “Strengthen the global financial safety net and provide liquidity to countries in need.”
ACTION 10: STRENGTHEN LIQUIDITY PROVISION AND WIDEN THE FINANCIAL SAFETY NET
ACTION 11: ADDRESS CAPITAL MARKET VOLATILITY
Is it time to mention that magical word “sustainability” again? “Reset the rules for the financial system to promote stability with sustainability.”
ACTION 12: STRENGTHEN REGULATION AND SUPERVISION OF BANK AND NON-BANK FINANCIAL INSTITUTIONS TO BETTER MANAGE RISKS AND REIN IN EXCESSIVE LEVERAGE
ACTION 13: MAKE BUSINESSES MORE SUSTAINABLE AND REDUCE GREENWASHING
BOOM is not sure what “Greenwashing” means.
ACTION 14: “STRENGTHEN GLOBAL FINANCIAL INTEGRITY STANDARDS” – Redesign the global tax architecture for equitable and inclusive sustainable development
ACTION 15: “STRENGTHEN GLOBAL TAX NORMS TO ADDRESS DIGITALIZATION AND GLOBALIZATION THROUGH AN INCLUSIVE PROCESS, IN WAYS THAT MEET THE NEEDS AND CAPACITIES OF DEVELOPING COUNTRIES AND OTHER STAKEHOLDERS” Ah – the good old “inclusive process”. And, for good measure, mention it again in Action 16 just for added emphasis. Is this pretence of consultation?
ACTION 16: “IMPROVE PILLAR TWO OF THE PROPOSAL BY THE OECD/G20 INCLUSIVE FRAMEWORK ON BASE EROSION AND PROFIT SHIFTING TO REDUCE WASTEFUL TAX INCENTIVES, WHILE BETTER INCENTIVIZING TAXATION IN SOURCE COUNTRIES”
ACTION 17: “CREATE GLOBAL TAX TRANSPARENCY AND INFORMATION-SHARING FRAMEWORKS THAT BENEFIT ALL COUNTRIES” – To a totalitarian globalist, Action 17 sounds like a good idea — some good old surveillance and information sharing. The East German Stasi could perhaps be resurrected?
The word “climate” appears over 60 times in the document. There is no reference to “climate boiling”, thankfully. In the Conclusion, the word “sustainable” appears 5 times in just two short paragraphs. But, again thankfully, the words “climate change” do not appear.
However, the document leaves no doubt in BOOM’s mind. The pathway to authoritarian, non-democratic, centralised global governance is paved by the words, climate, change, crisis, and sustainable.
Next week, BOOM will review a Report released by the Bank for International Settlements in June: “Blueprint for the future monetary system: improving the old, enabling the new.” It’s another 34-page document. Readers will be pleased and relieved to know (in advance) that the words ‘climate’ and ‘sustainable’ do not appear in it. However, there are no authors identified for it either. Reference: https://www.un.org/sites/un2.un.org/files/our-common-agenda-policy-brief-international-finance-architecture-en.pdf
BOOM’s QUANTITATIVE BOOSTING FOR THE PEOPLES MONEY EXPLAINED: https://boomfinanceandeconomics.wordpress.com/2019/12/15/boom-as-at-15th-december-2019/ AND BOOM’s Perfect Economy: https://boomfinanceandeconomics.wordpress.com/2020/01/18/boom-as-at-19th-january-2020/
In economics, things work until they don’t. Make your own conclusions, do your own research. BOOM does not offer investment advice.
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BANKS DON’T TAKE DEPOSITS, THEY BORROW YOUR MONEY: LOANS CREATE DEPOSITS — that is how almost all new money is created in the economy (by commercial banks making loans). https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy. Watch this short 15-minute video and see how Professor Richard Werner brilliantly explains how global banking systems really work.
In 2014, Richard Werner provided the first empirical evidence that banks create credit out of thin air. They do this whenever they issue a loan or, more specifically, purchase a promissory note. This is a walk-through of exactly how they do it.
Most economists are unaware of this and even ignore the banking & finance sectors in their econometric models.
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The US MSM is the enemy of the people, and when the societal collapse happens, they must be treated as enemy combatants.
I think it would be better to treat them as witches.
As a US CITIZEN I now call for total withdrawal from the United Nations and evict all involved from US soil
Next all individuals and their dependents on US SOIL illegally are to be immediately rounded up and deported !
Recall all US MILITARY from around the world to facilitate these necessary actions to save the United States .
Severely restrict foreign nationals from entering the US without proper verifiable documentation of their purpose and intended length of stay
Bravo – alternatively MOVE! They can print an infinite amount of dollars and thus can buy everybody except those of honour and integrity (<1%). My Plan 'B' offers an option:
Go EAST young man!
Building a permanent central sustainable autocratic financial system of the bankers and for the bankers with the false appearance of representative democracy and benevolence.
The problem with every system has always been the propensity for those who end up in charge, living opulent lives that inspire the physical labor class to seek to join the opulent class, or at least seek it for their children.
Eventually? Too much opulent class for the system foundation to support.
Great reset.
Inspire the opulent class to tear down the very system whivh makes their existence possible.
Job done.
That is very succinctly put – thank you in a nutshell.
Yes, rhs jr – I am reading
about the BIS. Bloody amazing what they did and are doing!
The wording the writer refers to is very similar the the “solutions” proposed and employed by the globalist overlords to deal with their bogus “COVID pandemic, they said “only vaccines and massive compliance with social engineering interventions will stop the spread, flatten the curve, create immunity “etc. etc.
These/those documents and reports were written primarily for the NWO cult acolytes, minions and followers; the papers and conferences reinforce their “talking points” for topics like COVID, the totally bogus climate crisis, societal transformation (the fourth industrial revolution, the Great Reset etc.) the all war all the time propaganda the plutocrats want seared into our psyches. They are telling each other what is on tap and going to happen in the near future, namely the “problem, reaction, solution” scenarios they are cooking up.
So true JRS thank you. In short a PsyOp; “problema solution reactionem” (Google translate says this is Latin but I doubt it). I was taught: “Ordo Seclorum”
USA: “Novus ordo seclorum.” The new Random House unabridged dictionary says that this, a Latin phrase means “A new order of the ages (is born).” QED?
I continue to watch MSM and will continue to do so. Perverted I know, yet what they spew out is usually the opposite of the truth. So when they spew ABCDEFG, I have the idea that the truth lies somewhere close to TUCWXYZ or the like. So please continue to watch MSM (as painful as that is) so they can continue to tell me the truth.
LOL – TEOTWAWKI?
I don’t know why anyone bothers talking about TV news and newspapers. If nobody believes them and barely anyone watches why do they matter? What psychological hold do they have on the public consciousness?
Their pitiful ratings figures are completely fabricated anyway and always have been.
Advertising. We are consumers you know.
I hate the silly juvenile diversity ads and am determined to avoid all the products in those advertisements. About all I watch anymore is Saturday football and that will probably end because the time seems to be about 50% (offensive) ads now.
Yes indeed rhs jr – the rot started in the 60s when UK discovered ‘marketing’ – now there is a degree in it! CHS got it in one:
Soon to convert to ‘Survivors’ methinks.
True – thanks ‘V’ – good point. I love the essence of truth the at TBP.
Mainstream news drying up and collapsing? Maybe if they didn’t suck so bad and would have some contact with reality instead of propaganda that is mediocre at that. They truly are the enemy of the people and ultimate spreaders of disinformation. If it weren’t for airports, CNN wouldn’t even have half of its reported ratings.