The Creative Destruction Lab of Monetary Centralization
Western central banks or the bear trap forces of economic centralization, with its relations of production, of exchange and of property, has created a society that has conjured up such gigantic means of production and exchange, is like a sorcerer of capital flow distribution who is no longer able to control the powers of the nether world which has called up by the spells of monetary experimentation and asset speculation.ushering millions of people into risky stock multiple speculation many hoping to become billionaires gods of idolatry.. It is not enough to mention the commercial crises that by their periodical return put the well being of the whole of society in speculation, each time more devastating stock market but digitally control contraction. In these crises, a great part not only of existing production, but also of previously created productive forces, are periodically destroyed by technological innovation, climate policy,gradual equity contraction followed by debt, inflation,commodity bubbles and global capital outflows. In these crises, there breaks out an epidemic or war that create diversionary opportunity, from the earlier pandemic epoch, from the absurdity of centralized QE facing– the epidemic of over-production of credit. Global society suddenly finds itself put back into a state of momentary barbarism of the Ukraine Russian War; it appears as if a famine, a new pandemic, a universal war of devastation, had cut off the supply of every means of subsistence(freezing wages.supply chains,inflating food & energy cost as inflated risk assets decline thru algorithmic dark pools of insider volatility); industry and commerce seem to be destroyed its diminished value hidden by monetary policy and artificial value through leveraged asset inflation; and why? Because there is too much civilization, too much means of subsistence, too much bond purchasing, too much zombie industries, too much commerce, and too much population. The wealthy forces at the disposal of society no longer tend to further the development of democracy and the idea of economic equality; on the contrary, thru lobbyist billionaires have monopolized a political capture while violating privacy and human rights monopolizing non consent data wealth the new currency as exemplified by Chinese and US tech corporations. they have become too powerful for these democratic political institutions. … And how does the billionaire get over these crises? On the one hand by enforced destruction through the behavioral psychologically dependent middleclass; on one hand by a billionaire insider selloff of inflated stock assets( $170 Billion of stocks sold in Q4 2021)on the other, by the conquest of new markets (such as the Russian Ukraine War- the conquest of the EU market via sanctions from Russian energy dependency explioting the Ukraine people and selling the EU states inflated US oil production and weapons), and by the more exploitation of the white collar worker through AI or technological automation. That is to say, by paving the way for more extensive and more creative destruction or expansion, and by diminishing the democratic means whereby crises against the home population is prevented from achieving well being.
The destruction of capital through crises means the depreciation of asset values which prevents them from later renewing their reproduction process as capital on the same scale. This has the ruinous effect of the fall in asset prices thru deflation the primary outcome of QE asset inflation centralization. This destruction requires the Humanaire to time the market to capital flow distribution shift in global diversified portfolio segmentation and digital currency decentralization. It does not cause the destruction of any use-values. What zombie companies loses, the tech company or ESG portfolio gains. Values used as centralized capital are prevented from acting again as capital in the hands of the same person causing decentralization. The old billionaire capitalists go bankrupt. A large part of the nominal capital of the society, i.e., of the exchange-value of the existing capital, is once for all destroyed, although this very destruction, since it does not affect the use-value, may very much expediting the new Web 4 industrial revolution. This is also the period during which moneyed interest enriches itself thru data wealth capture the new currency at the cost of industrial interest and the middleclass speculation through devaluation of dollar savings of labor.