Yesterday, I wrote about how there was a direct correlation between the debasement of a currency and the debasement of a society’s values.
Overnight, the world’s reserve currency just got more ‘debased’. Stocks, gold and silver (up big) and bonds all rose again. Or perhaps more accurately, the dollar fell against all these major asset classes.
No wonder society is fracturing at the seams.
When you think about moral decay, it tends to be on an individual level. That’s because you see it on a daily basis…especially if you’re on social media.
But a society’s morals rot from the top down. It’s the corruption of the political, academic and corporate class (the ‘elites’ in shorthand) via the influx of easy money that really destroys the morals of society.
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Corruption isn’t a new phenomenon
Corruption isn’t a new phenomenon. Wherever there is concentration of power, you’ll find corruption. Lord Acton reminded us of this fact a few hundred years ago.
Less well-known than his ‘power tends to corrupt, and absolute power corrupts absolutely’, is this little gem:
‘And remember, where you have a concentration of power in a few hands, all too frequently men with the mentality of gangsters get control. History has proven that.’
Central banks are the very definition of a concentration of power. And for the past 20 years especially, they have been out of control, abusing their power and debasing their currencies all while playing the knight in shining armour role.
We’re being conned.
The Chinese Communist Party (the CCP) is another textbook definition of concentration of power. The level of corruption in this institution is beyond belief.
What’s worse though (for us) is that these two centralised power systems have come together to wreak havoc on the West.
The corruption and ambition of the Chinese ruling class has found a willing partner in the corruption and ambition of Western elites.
And you’re their target.
A recent report from the Australian Strategic Policy Institute (ASPI), as reported in news.com.au, should be a wake-up call for all of us:
‘Operatives from a secretive arm of the Chinese Communist Party are on a mission to infiltrate and influence almost every aspect of Australian life, from politics and business to the media.
‘That’s the conclusion of a shocking new report about the work of agents and their recruits, whose goals range from the commercial to the downright sinister.
‘Analysis from the Australian Strategic Policy Institute (ASPI) examined the operation of the United Front, which Chinese President Xi Jinping once described as his “magic weapon”, whose tentacles already spread through our universities, corporations and parliaments.
‘“United Front(’s) work encompasses a broad spectrum of activity, from espionage to foreign interference, influence and engagement,” ASPI report author Alex Joske said.
‘“The Chinese Communist Party’s (CCP) attempts to interfere in diaspora communities, influence political systems and covertly access valuable and sensitive technology will only grow as tensions between China and countries around the world develop.”’
While you shouldn’t be surprised at the desire of an emerging global power to spread their influence around the world, the willingness of Western elites to cooperate is alarming.
A recent article in the UK’s Spectator highlighted these willing participants in China’s influence game.
The telecommunications giant Huawei, the article points out, has a dozen UK universities on its payroll. Last year it gave £155,000 to Jesus College, Cambridge.
‘Naturally, where cash goes, influence follows. Huawei’s UK board has been stuffed with grandees, from ex-BP man Lord Browne, who just quit, to ex-BT man, Sir mike Rake, whoi just joined. It has hired at least seven PR firms. It can draw on advice from some of Britains most senior ex-officials — such as Sir Simon Fraser, former head of the Foreign Office, and Sir Andrew Cahn, former head of UK Trade and Investment.’
The article also mentions the existence of an organisation called the 48 Group Club, as revealed by Clive Hamilton and Mareike Ohlberg’s new book, Hidden Hand: Exposing How the Chinese Communist Party is Reshaping the World.
‘The club organises free trips to China and promotes close links between senior communists and British elites, with a membership list that, according to Hamilton and Ohlberg, includes Tony Blair, John Prescott, Michael Heseltine, Alex Salmond, Jack Straw, Peter Mandelson, the Duke of Westminster, five former UK ambassadors ro Beijing and an array of business people and academics.’
Is it any wonder that the masses are starting to get restless?
They might not know the detail, but they know the gist. That is, the elites are on the take. And they don’t care who they take it from.
That we are increasingly onto the game of Chinese influence suggests we could be nearing peak China. Actually, China peaked economically around 2014. It’s been struggling ever since.
Perhaps this buying of influence is a reflection of that. If you can’t win fairly, win by any other means.
But as I said, we’re onto it. That means China’s second attempt at economic and ideological dominance over the West is coming to an end.
What does this mean for Australia and your investments? I’ve written a comprehensive report on this issue. The answers may surprise you, especially given what’s going on in the markets right now.
Click here to find out more.
Editor, The Rum Rebellion