One would think that such an august body would have a handle on “staggering” threats to the U.S. financial system – especially since F-SOC was created under the 2010 Dodd-Frank financial reform legislation to prevent a replay of the off-balance sheet derivatives that crashed the U.S. economy in 2008 and forced an unprecedented and secret bailout of U.S. and foreign global banks by the Federal Reserve to the tune of $29 trillion. If Yellen is aware of the latest threat to financial stability, she’s not sharing the details with the public. That information came yesterday by way of a stunning report authored by Claudio Borio, Robert McCauley and Patrick McGuire for the Bank for International Settlements (BIS).
https://wallstreetonparade.com/2022/12/secretary-yellen-weve-got-a-staggering-problem-new-report-shows-foreign-banks-have-secret-derivative-debt-that-is-10-times-their-capital/
Let us consider well we are sleep walking. We have shadows on the wall we see and narratives we are required to accept Nothing told to us or sold to us as a benefit -banking regulation-or Rulers-is as advertised. COVID came to ensure the criminal gangs in all nations remain strong and collaborative in executing the orders of echelons above like organic robots. The populations bamboozled by centuries of lies and then terrible educations that brought them deeper into darkness and not to light are stuck with the flat tire in the blizzard just before midnight with no moon and no spare and no jack and no tools but the smile at the foot of a ladder making the “best” of the situation. First rule is talk nothing of the extraordinary situation of no government since 9/11. Second rule praise Biden. Third rule detest all who do not follow rule 2. Fourth rule talk safe subjects not touching upon mass murder. Fifth rule is always return to Rule 2 to evade such subjects.
Bah. Berdyaev excerpt from the Meaning of the Creative Act. The way of creativeness is a way of sacrifice and suffering but it always means liberation from depression. The sacrificial suffering of creativeness is never depression. All such sense of depression is really man’s being torn away from the true world, his being no longer a microcosm, his captivity to the “given world,” his slavery to necessity. All pessimism and scepticism is egoistic and proud. Doubt of man’s creative power is a self-conceited reflexion, a morbid egotism. Humility and doubting modesty in places where there should be daring confidence and decision are always disguised metaphysical pride, reflective retrospection and egotistic isolation, bom of fear and terror. Times are coming in the life of humanity when it must help itself, conscious that the absence of transcendent aid is not helplessness;because man can discover limitless aid immanent within himself if he dares to reveal in himself, by the creative act, all the power of God and the world, the true world, freed from the illusory world. In our days there is too much unworthy and enfeebling self-abnegation, the reverse side of an equally unworthy and enfeebling self-assertion. You frequently hear: “We are not real men—in former days there were genuine people. Those men of other days dared to speak of religion. We do not venture to mention it.” Such people are men of an illusory self-consciousness, atomized by “this world,” who have lost the nucleus of their personality. This slavery to “the world” is really absorption with themselves and this absorption with themselves means the loss of themselves. Freedom from “the world” is union with the true world, the cosmos. Thus to go out of oneself is to find oneself, one’s true centre. And we can and we must feel ourselves real people, with a real nucleus of personality, with an authentic, not an illusory, religious will.We do not climb the stair of knowing in the dark. Scientific knowledge climbs a dark stairway—which it enlightens, step by step. It does not know what awaits it at the top of the stair; in it there is no light of the sun, of meaning, of the Logos, which lightens the path from above. But in the true higher gnosis there is an original revelation of meaning, sunlight falling from above on the stairway of knowledge. Gnosis is an original comprehension of meaning: in it is the manly activity of the Logos. The modem spirit still suffers from fear of the light. By dark corridors the spirit has passed through lightless science and arrived at lightless mystic. The spirit has not yet reached the sunlight of consciousness. The mystic renaissance finds itself entering an epoch of darkness. This epoch of night is feminine and not masculine—it lacks sunlight. But, in a deeper sense, all modem history with its rationalism, its positivism, its belief in science, has been a period of night, rather than of day—the sun of the world has darkened, the light from above has gone out, all the light that was has been artificial and indirect. And we stand before a new dawn, a new sunrise. Once more we must come to recognize'the intrinsic value of thought (in the Logos) as light-bringing human activity, as a creative act in being. The reaction against rationalism has taken on forms of hostility to thought and word. But we must liberate ourselves from this reaction, and in the freedom of the spirit, in an affirmation of thought and word which transcends all time, once more find meaning. Our consciousness is essentially something of the borderline, of transition. But on the threshold of the new world light is bom which gives meaning to the world which is passing away. Only now we are able fully to recognize that which has been in the light of that which is to be. And we know that, in reality, the past will really be only in the future.I know that I may be accused of a basic contradiction which tears apart all my sense of the world, all my world- outlook. I shall be accused of the contradiction of combining an extreme religious dualism with an extreme religious monism. I accept such attacks in advance. I confess an almost manichean dualism. So be it. “The world” is evil, it is without God and not created by Him. We must go out of the world, overcome it completely: the world must be consumed, it is of the nature of Adman, Freedom from the world is the pathos of this book. There is an objective source of evil, against which we must wage an heroic war. Hie necessity of the given world and the given world itself are of Adman* Over against this stands freedom in the spirit, life in divine love, life in the Pleroma. And I also confess an almost pantheistic monism. The world is divine in its very nature. Man is, by his nature, divine. The world-process is self-revelation of Divinity, it is taking place within Divinity. God is immanent in the world and in man. The world and man are immanent in God. Everything which happens with man happens with God. There is no dualism of divine and extra-divine nature, of God’s absolute transcendence of the world and of man. I am entirely conscious of this antinomy of dualism and monism, and I accept it as insurmountable in consciousness and inevitable in religious life.
In any case, it should be obvious by now that inflation is the new normal. We’ll never see 2019 prices across the board again, simply because for that to happen, the Federal Reserve would have to tolerate a deflation of 12 to 15 percent. If that does happen—and it’s highly unlikely—it won’t be because the Fed wants it that way. It would suggest that the Fed had lost control completely. https://www.zerohedge.com/economics/5-principles-stagflation
Marxism has been the culture of the transition from the Christian-bourgeois society—of which we find the insuperable example in the work of Benedetto Croce—to the bourgeois society in its pure state. We could even say that Marxism represented the “transition to the worst” in the sense that, through Marxism, bourgeois society has shed every residual moral and religious sense, unburdening itself of all “impurities” that still tied it to traditional society, thus presenting itself as full materialism and full secularism. The West has realized everything of Marxism, except its messianic hope. “Socialism” Veneziani writes “has not inherited capitalist society, but has become included, entangled in capitalism itself; in many respects, it has been the intermediate stop on the journey from capitalism to neo-capitalism.” Veneziani notices that Western society realizes the essence of Marxism: “radical atheism and materialism, internationalism and universal non-belonging, the primacy of praxis and the death of philosophy, the domination of production and the universal manipulation of nature, technological Faustianism and equality that realizes itself as homogenization.” The new globalist liberalism, Veneziani observes, absorbs the lesson of Marxism, purifying it of all prophetic, gnostic and anti-modern slag, and of solidaristic suggestions.
Therefore we can say that the West is Marxism’s full secularization, as well as its perfect realization. It is Capitalism that absorbs Communism, using it to erase religious sacredness and national sacredness, a goal it could not have reached in any other way.