BF Report: The financial system is headed for catastrophic collapse
It is a system that is heading straight into a collapse. The current Western political class is unable to deal with the situation. The trigger will be the collapse of Ukraine. As Timofey Bordachev, Programme Director of the Russia’s Valdai Club explains:
In a collective, the individual mind becomes subservient to the collective interest and loses the ability to act independently. This dynamic is now evident in EU policymaking. The bloc has effectively abandoned its instinct for self-preservation. Ukraine is proof that even large states can adopt self-destructive foreign policies. This poses dangers not just for Europe but for the wider world.
https://www.rt.com/news/613949-eus-leadership-is-now-global-threat/
What we are witnessing in the West is a group of leaders who have been blackmailed, bribed and brainwashed all their lives into believing in a certain paradigm. Now, as reality destroys their paradigm, they are in a state of denial. They cannot veer from a script dating back centuries that calls for Russia to be destroyed followed by China.
Nothing illustrates this more than government leaders in Canada, France and Poland basically calling for the use of nuclear weapons against the US and Russia.
This is a sign of desperation because the fact is, as we shall see below, Western Europe has been defeated and its’ current political and financial system cannot survive.
Furthermore, the situation in the US is almost as bad as the government clutches at straws in an attempt to avoid bankruptcy. This is seen in patently false numbers being bandied about such as “give us back the $350 billion we gave you by handing over $500 billion worth of rare earth metals in Ukraine.” Fact check, the US gave Ukraine less than a third of that amount and the only rare earths in Ukraine are about $20 billion worth of lithium that is in Russian hands.
Talk about switching to cryptocurrency is also nonsense because it is not real, it is just numbers on computers controlled by the alphabet agencies.
Unfortunately, it looks like the whole system will have to collapse before it is possible to start rebuilding.
“We must, not in several years, but in the weeks to come, find a way to move from our current social model to another, more modern and freer one, without harming the most deprived. It is unlikely that our current political class is capable of this,” is how French journalist Thierry Meyssan summarizes the situation we are now facing.
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