Carney’s Green Crypto Currency: Precursor to a Financial Meltdown

- Carney’s Green Crypto Currency: Precursor to a Financial Meltdown
by Matthew Ehret, October 31, 2019, https://www.strategic-culture.org/
The momentum pushing for the overhaul of the financial system from its current disorderly state of unbounded speculation (amounting to over $1.5 quadrillion of derivatives) towards a “reformed central bank-driven” system of green finance is moving startlingly fast. The fact that this momentum is both coming from “top down” echelons of the City of London as well as the “bottom up” anarchist mobs of Extinction Rebellion is also not a coincidence as it has now been firmly proven that both are coordinated by the same billionaire speculators who created the economic bubble of an economy now ripe to blow.
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In the case of Mark Carney’s Bank of England, the former Bank of Canada governor/Goldman Sachs man has recently led the hectic campaign for a green digital crypto-currency to replace the bankrupt US dollar. Since his announcement of this crypto plan on August 22, the Bank of Canada quickly fell into line declaring its support of the agenda on October 15.
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Carney’s colleagues in the United Nations Conference on Trade and Development (UNCTD) amplified this message on October 15 saying: “What is needed is a Global Green New Deal that combines environmental recovery, financial stability and economic justice through massive public investment in decarbonizing our energy, transportation and food systems while guaranteeing jobs for displaced workers and supporting low carbon growth paths in developing countries… through the transfer of appropriate technologies”.
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Carney was joined by former Bank of England Governor Mervyn King who recently warned that a “financial Armageddon” is looming unless central banks are permitted to unleash unbounded quantitative easing once more.
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The Storm now Emerging
The fact that this highly coordinated push is happening now is not unconnected to the elephant in the room: not only is it a myth that the financial system recovered after the near-meltdown of 2008, but the truth is that the crisis has only become magnitudes worse today, with many signs now pointing to an even bigger blowout that no amount of quantitative easing can solve.
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