I’m familiar with Whitney Webb, but don’t really follow her work much. I can tell she’s a good researcher, and probably correct on a lot of things, but still think she misses some foundational pieces. For example, at about 40 minutes, she claims that the Covid policies could arguably be the biggest transfer of wealth from regular people to the Oligarch class in American History. I think the only way to make that argument is from a position of ignorance, specifically ignorance about what happened in regards to the financial and banking system during the Civil War, 1913, and 1933. Prior to 1913 and the Federal Reserve, most Americans owned their land in allodium, meaning there were no claims or liens against it. This includes both mortgages, and taxes. Now, even if people hold title to property, they usually have some sort of mortgage or loan(s) against it, and also pay property taxes. They generally still owe property taxes, even if there is no mortgage. In 1933, the monetary system in the United States changed from one that was predominantly based on money of exchange (gold, silver, and gold certificates), to a system based completely on debt, or money of account. I used to think it was a fractional reserve system, but it’s not, because in truth, there are no reserves. There is only accounting. Money of account is still a part of accounting, and how can accounting ever be a “reserve” for accounting? Bitcoin and all cryptos are also money of account (at their core, they are an open, distributed ledger protected by cryptography), and therefore, not a good “reserve” for more accounting.
These changes let to a massive transfer of wealth, far more during the Great Depression than anything that happened under the Covid operation. The changes during the Civil War, 1913 and 1933 were fundamental changes as to how the financial system in the US operates. Most Covid changes and things around Bitcoin and other cryptos were changes within that established system. The later is just completely dwarfed by the former. I don’t see how the rumored “Great Reset” or anything similar will change the system from being based on accounting, unless its going to attempt to compel people to pledge literally everything (their life, labor, bodies, thoughts, family, and all assets) to the government. That would fulfill the WEF claim of “You will own nothing and be happy” and also fulfill Karl Marx’s vision of “Abolition of Private Property.”
Financial Assets (like bonds, notes, stock, debentures, all modern currency, trade acceptances and such) are far different from Real Assets (like lumber, oil, gold, cars, houses, and even intangible things like music, movies, and software), as the later have real value on their own, while Financial Assets only have value as they represent debt. But Financial Assets have the potential to generate much more wealth for their holders than Real Assets, especially since most people are ignorant of the differences between the two, and how potentially powerful Financial Assets can be.
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