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Mark Carney, Howard Lutnick, Davos, and the End of the World?
Transcript of the above video:
So this video is going to go a little further afield than we usually talk about on this channel, but that said, I think it's important. This last meeting of the World Economic Forum at Davos, unfortunately, and first of all let me say, when did anyone consent to this World Economic Forum being where all of our world leaders go to make these big announcements. I didn't sign off on that. None of these WEF people are elected to much of anything. They are just rich people who think that they have a right to tell us all what to do; that's all I can figure out for these folks. That seems to be their only common threat. It's not based on any, I mean we are not even talking about Metternichian legitimacy here. We're talking about just a bunch of rich people who think they can all tell us what to do; that's basically it. That's who they are. So I really don't like the fact that especially American leaders, in the past we have seen Thai leaders, interacting with these people. What do they have to do with anything? I have my own issues with sort of the United Nations: maybe that's not the most perfect thing in the world, but at least it exists under a treaty framework that all the different countries signed on to. There was at least some due formality, some due process of law associated with that body. Who in the hell are the World Economic Forum? Why do they matter? They shouldn't. They're a bunch of people that just want totalitarianism.
Now that said, at this last meeting, we have seen a lot of developments and remarks most notably from Carney, as well as from Howard Lutnick regarding the "future of the world" if you will, and that is the reason for the thumbnail; it is the end of the world as we know it, and I feel fine because if this is the world that's ending, I'm pretty okay with it.
First thing to understand is, and I'll go ahead and put a link in the description below how I found this. I found it through Jimmy Dore, his channel, tip of the hat to you Jimmy. Many thanks. I remember you going back into COVID when we were both out in the darkness pretty much by ourselves. You seemed to be by yourself in the States, I was over here in Thailand talking about things in the real dark days, the real dog days of COVID. And I have always appreciated you for that and your ability to tell the truth and frankly to do it in such a way that you're actually pretty darn funny top of it all. One day, if I ever get back to the States, I'd really love to see you Live. You are just a great entertainer, but you are also a good news man too, I mean you really are.
That said, so first off, in Jimmy's video they were primarily looking at this speech by Mark Carney and Mark Carney just basically comes out and says, not only is the "rules-based order" as they call it over, but what it was, was not ever what anybody believed it was. It was always sold as though it's this sort of noble aspiration toward rule of law on a global - no it wasn't, it was a smoke screen, and Carney says that and as Jimmy Dore points out - I urge those who are watching this video, go check out Dore's video on it, watch it, the analysis is good from both him and Metzger; Kurt Metzger is in on this too. And they point out the fact that one, this will never go away. This speech that Carney made will never go away now, so it really does mark the end if you will, of this notion of a rules-based order. And as I have noted especially out there on Twitter, I've noted many analogous or if you will analogies in the present situation to the collapse of the USSR because I think the last, and I'm not, the American system, the post-World War II Bretton Woods system especially post '71 and then again post '91 when the USSR came apart, I'm not completely making a one-to-one comparison between the USSR and the Bretton Woods system. But let's be very clear, since 2008 with the inception of quantitative easing, i.e. printing money, we have been moving more and more in that direction as the monetary system and the financial system became less and less honest, and it became more and more like the financial system you can read about in a book called The Oligarchs which discusses the end of the USSR, and how it all sort of came apart and that banking was a big part of that. Cash Rubles and Ledger Rubles broke away from each other. They became so attenuated from one another it became really nonsensical and that was one of the big drivers that actually caused the thing to go belly up. But that said, in Jimmy's video, they point out one, there's a great, Kurt Metzger makes a great line in there where they ask, and I have had a real problem with Mark Carney for years. One, I've referred to him many times out there on Twitter as the gimp of the New World Order because every time there's some kind of problem that is just weird - no, I take that back, it's not a problem - anytime this guy pops up, it's always like "where did this guy come from?" And why? Why do I say that? Well he was Head of the Bank of England at one point and Jimmy brought that up to Kurt Metzger and Metzger - I laughed at this for like 5 minutes - because Metzger just says, "so you know he's a good man." It was just, it just made me laugh. Again, I urge those who are watching this video, go check out that one. But the thing to understand about Carney is here's a guy that's a Canadian, that went over and was the Head of the Bank of England and I remember at the time when that happened, everybody being like "what the hell is this? Why is there a Canadian guy in charge of the Bank of England? I mean, how does that make any sense? I think even in his very, very polite and in my opinion very kind gentlemanly way, although Allister McLeod is very much out there on the edge when it comes to Austrian economics and gold and silver and real monetary theory, real economic theory, but that said very much a gentleman, I remember him sort of chiming in back in whenever it was that Carney did, I want to say it was around about 2011, Carney became the Head of the Bank of England. And I think I remember him saying something like, "where did this guy come from?" in as nice a way as he could say it, but it was a good question. Meanwhile, we saw Trudeau up in Canada hold on to this weird minority government for ages, and then that thing came apart and there was that Poilievre guy that seemed to be the one coming in from offstage to become the next Prime Minister of Canada, and then bang, just out of nowhere, Mark Carney pops up and becomes the new Prime Minister of Canada. Now I don't know Canadian politics, and I'm not going to claim to understand all of that, but again like with him becoming the Head of the Bank of England, it's like where did this guy come from? It was just weird. That said, Carney does a really good job of elucidating the problems that the "Rules-based order" had, and I think gave a pretty good summation of where things sort of sit now, with some idea of where we are going in the future. Now that said, does that make him a particularly good guy or something? No. I think if anything, what Carney is doing is he's adopting albeit rather late to the game, adopting a strategy that Trump has. I don't know if you would call it a strategy, but perhaps an attribute of Trump and trying to sort of operate within that kind of parameter. And that attribute is what Dave Chappelle, the great comic Dave Chappelle has described as being an "honest liar". There was, I think he did it on the SNL monologue where he talked about you know, Trump was an honest liar, and this was in the first term, and let me be clear, I'm not calling Trump a liar or anything, hear me out. What I'm saying is Chappelle said that Trump was of the establishment if you will, but he was the first that if you imagine a house, we're all standing outside the house, and there are all these people inside, you kind of hear something going on in there and then Trump walks out and he says, "hey, everybody in here is trying to screw you people over", and then he just walks back in the house and just keeps on doing what he was doing. That is how Chappelle sort of described how Trump can be at times. That he will just point out things but then perhaps keep on going, doing whatever it is he's doing. I think to a certain extent this speech by Carney was similar to that albeit on sort of a geopolitical level where he is saying, "hey, this never was a good thing, or not saying good thing, but this never was what it appeared to be. This is ending", and then he goes back into the house to try to figure out how to get the better off all of us plebs out here I guess is sort of my point. That said, this end of the "rules-based order" is a real thing. I think something, and I think Carney himself was talking about "great powers" and things and that, look, it's time to start looking at some "great powers" so to speak that maybe you haven't ever looked at before. One place I would have a look at is out here in East Asia. Places like South Korea, down here in Thailand, these are countries that have long been viewed in my opinion, erroneously and frankly rather naively by the West as "oh well, they are developing or they are backwater." Korea not so much now, but Thailand kind of always has. Another country, Malaysia. Indonesia's in a bit of a different position; Vietnam seems to get a bit more credit in this regard with regard to their own development, but there are a lot of these countries that have never been viewed as particularly "great powers" that I think very much so, are moving into the realm of great power. India is a perfect example of this insofar as again it has always kind of been treated as sort of an afterthought on the periphery, and it's a billion people and their manufacturing base is really starting to come along, so you can't view some of these nations through the same prism that they were viewed during the "rules-based order" period if we are using Carney's paradigm. The point I'm trying to make with regard to this video is times are changing and Howard Lutnick goes on to note and I found this in Zero Hedge via Matt Taibbi, tip of hat to you Mr. Taibbi, I have read some of your work over the years, you are a heck of a journalist, via Racket News, again over on zerohedge.com, title: Forget Trump and Greenland. Howard Lutnick gave The Davos Speech That Mattered. Quoting directly, and we are quoting directly from Mr. Lutnick who is in the Trump Administration, quoting directly: "Globalization has failed the West and the United States of America. It’s a failed policy. It is what the WEF has stood for, which is export offshore, far-shore, find the cheapest labour in the world and the world is a better place for it. The fact is, it has left America behind. It has left the American worker behind. And what we are here to say is that America First is a different model - one that we encourage other countries to consider" - perhaps like your oldest ally in Asia, i.e. Thailand, because I would say Thailand needs to be operating even more now from a Thailand First perspective. Now I think those who are aware of the history of Thailand's geo-politics and things knows that Thailand has always kept a close eye on the national interest but if anything, I would say as a message to Thais right now it's this. This is the time for Thailand to just be Thailand, to get done whatever Thailand needs to get done. The rest of the world can go off and pontificate and bloviate on whatever they think needs to happen or their interests or whatever else. I think Mr. Lutnick brings up a good point, America First in the American context, and frankly I think it's a pretty darn good paradigm for Thailand as well. That said, quoting further: "Which is that our workers come first." Yeah, darn right. That's what I have been saying on this channel for some time now. I know it doesn't make me popular with the foreign community but look, not allowing folks to come in and completely eviscerate your labour pool and your own internal economy, is something that all nations need to take very seriously and unfortunately this rules-based order, globalism, WEF-inspired nonsense, did everything in its power to undermine this and frankly we have seen this in multiple ways. The last rump Coalition Parliament that we saw was just pretty much put it completely on display for Thais as far as I could see, especially where former Prime Minister Paetongtarn Shinawatra was having a meeting with the WEF envoy in the Purple Room and they are doing all kinds of things to undermine the local workforce here in Thailand, most notably, just, I'm not even going to get into all the details. If you have watched my videos on this channel, I get into that in more detail but protecting the local workforce; very, very important. I agree with the Trump Administration on this one, and I think Thailand's got the right idea and I am very hopeful in this upcoming election, we are going to see the popular will manifest in such a way that it is basically in line with this sort of Thailand First kind of paradigm.
That being said: "Globalization has failed the West, and the United States of America. It's a failed policy. It is what the WEF has stood for which is export offshore, far-shore, find the cheapest labour in the world and the world is a better place for it. The fact is, it has left America behind. It has left the American worker behind. And what we are here to say is that America First is a different model - one that we encourage other countries to consider". And I think and I hope Thailand will consider it as such and will continue to operate in such a way that the national interest, especially the interest of the workers here in Thailand, is considered a national priority in such a way that they are protected from the vicissitudes as well as the possible predation of undue foreign influence here in the Kingdom of Thailand.
