We Must Respond
 To the Escalating
Economic Collapse

Recommended background reading for this essay Author
Understanding Economics and Politics Communism and Socialism Failed Dollar Imperialism

  Unlike Henny-Penny's false warning that the sky was falling or the Old Testament prophet Jeremiah's prophecies of doom, this essay provides a realistic admonition to respond to an already occurring, rapidly escalating economic collapse and a foreshadowing of dire consequences for those who fail to respond to this collapse in an enlightened manner.

  This essay will explain the causative elements of this escalating worldwide economic collapse and provide realistic ways to respond to the personal danger this crisis presents. With the Covid-19 pandemic, the Republican Party espousing and instigating totally fascist laws and policies, Russia's war-crimes destruction of Ukraine, and other challenges facing us all, it's reasonable to ask why we should pay attention to and respond to this escalating economic collapse. The reason is that the U.S. federal government, controlled by the Federal Reserve System and other private banks and corporations is already doing everything possible to destroy you and all members of the American (and world) working class. They have destroyed workers through imperialist wars in which working-class soldiers are used as cannon fodder, in an ongoing series of economic attacks against workers since the nation's founding. When their present scheme of printing unrestricted amounts of fiat American dollars and "sanctioning" Russia totally collapses, your money, your property, your livelihood will all come crashing down. You must respond to this ongoing collapse or you will be utterly destroyed.

  We'll start by defining the critical elements involved in this already-ongoing, escalating economic collapse:

Means Of Exchange--Reality Spectrum
Reality Barter (direct exchange of goods and services) Money (cattle, gold, etc) Currency (bank notes redeemable in money) Fiat Currency (bank notes Not redeemable in money, e.g. Federal Reserve note) Crypto Currency (e.g. BitCoin) - not money Delusion
  • Economy: a system in which goods and services are exchanged

  • Goods and services: products or acts of labor

  • Money: any agreed means of exchange--including salt, cattle, pigs, goats, tobacco, gold, iron, paper currency, metal coins, and bank debt

  • Fiat money: a means of exchange designated as "money" in name only

  • Banking: the custody, exchange, loan, or issue of money

  • Capitalism: individuals or corporations owning the means of production

  • Commonwealth: all of the individuals in a society owning the means of production in common

  • The "Federal" Reserve System is a non-federal group of privately-owned banks which presently issues all U.S. currency and, in collusion with the federal Department of Treasury, issues dollar payments to recipients designated in federal laws such as the Covid Relief Bills. Its current policy is called "quantitative easing," which actually means issuing unlimited amounts of currency to pretend to control unemployment, deflation, and citizen unrest.

  • Inflation: the increase in the issuance of fiat money

  • Fascism: a political-economic system in which the power elite, variously termed oligarchy, plutocracy, cabal, or ruling class--those actually in control of the federal government--employ the police power of the State to enforce the economic domination of privately owned cartels and corporations, industrial and financial; a militaristic regime that exalts nation above the individual, the rich above the poor, uses violence and modern techniques of propaganda and censorship to forcibly suppress political opposition, and stands for a totalitarian government headed by a dictatorial leader

  From its founding, the United States has suffered from allowing a series of private banks to maintain control of national political power, national fiscal policy and control of issuing our currency. It is possible for the federal government to issue its own currency without recourse to private banks. However, the nation is so controlled and dominated by private banks and private corporations, that the only two presidents who had the courage to issue a national currency--Abraham Lincoln and John F. Kennedy--were both assassinated by paid agents of a cabal of private banks, private corporations, and their lackeys.

   To understand that the present ecomonic collapse has been going on for decades, we can focus on one of the most recent attacks on the American (and world) working class by the capitalist cabal: the 2008 utterly evil sub-prime mortgage catastrophe in which workers lost $10 to $15 trillion in mortgage payments and value of homes to banks and mortgage companies through fraud and the criminal banks who caused this catastrophe were given $29 trillion of taxpayer money in bailouts.

"What Wall Street did was intentional and criminal: it financially engineered a toxic subprime house of cards which it knew from its own internal reviews was going to collapse; it then molded the toxic product into inscrutable bundles; it sold the bundles to unsuspecting investors around the globe while making side bets that it would all come crashing down. Then, after causing the greatest financial collapse in the United States since the Great Depression, Wall Street's unrepentant scoundrels paid themselves billions of dollars in bonuses with taxpayer bailout funds."

Pam Martens and Russ Martens, wallstreetonparade.com, October 18, 2017

  The worldwide economic-financial collapse we're examining has been escalating for decades. The only real measure of a currency's value is in reference to a stable asset such as gold or silver. The image on the left indicates how currencies throughout the world have been falling in value since 1971, when the U.S., under Nixon, reneged on its promise to redeem U.S. dollars in gold. It indicates that in reality the U.S. dollar is worth 2 cents.

What Has Caused the Ongoing, Escalating Ecomonic Collapse?

  The primary causes of the current ecomonic-financial collapse are:
  • The Capitalist Cabal re-invigorating their system of world-wide military imperialism
  • Inflation: unrestricted printing of U.S. currency
  • Corruption and collusion
  • The inborn deficiencies of our present economic system, such as compensation inequality
  • Deliberate ploys to hoodwink an ignorant electorate, such as sanctioning Russia
  Defined correctly, inflation is an increase in the supply of fiat currency. Rising consumer or asset prices are just one symptom of inflation. We see its effect in stock market and real estate bubbles as well. To put it simply, if there is more money possessed by purchasers, the price of commodities will be higher, because each purchaser can offer a higher price for each good or service.

  Within the next ten years, it is highly likely that we will wake up one day and the U.S. dollar will be valued around the world at its true value: 2 cents (or less). Dollar imperialism--the use of the US military superiority to coerce other nations to continue using the dollar as the world reserve currency--will finally have failed because the dollar will have been recognized as a dead-weight around the necks of the other nations' economies.

      The capitalist cabal and its financial flunkies are trying to fool Americans into believing that looting taxpayer money and giving it to financial institutions and fat-cats will solve their economic crisis. They know this will never work, but they want to loot as much as they can before their ponzi scheme collapses. It can't work because they put most of their assets into toxic derivatives and other deadly scams. They have essentially no viable assets--other than the dollars they're looting from American taxpayers and foreign bond buyers.

The Current Economic and Political Madness of the Capitalist Cabal

"...Any intelligent Western leader could have predicted Russia's recent actions since the Maidan Revolution in Ukraine in 2014. This was when a US and Western led coup ousted the elected Ukrainian leader and government and installed a Western friendly leadership. This coup, combined with new Nato members surrounding Russia, was such a clear threat to Russia that Putin's reaction was obvious. Cornering a Russian bear is very dangerous."

Egon von Greyerz, GoldSwitzerland.com

"The Cold War, from 1945 to 1989, was a wild Bacchanalia for arms manufacturers, the Pentagon, the CIA, the diplomats who played one country off another on the world's chess board, and the global corporations able to loot and pillage by equating predatory capitalism with freedom. In the name of national security, the Cold Warriors, many of them self-identified liberals, demonized labor, independent media, human rights organizations, and those who opposed the permanent war economy and the militarization of American society as soft on communism.

"That is why they have resurrected it."

Chris Hedges, Waltzing Toward Armageddon with the Merchants of Death

  Biden, tool of the capitalist cabal, imposed "economic sanctions" on Russian individuals and corporations, claiming this was in response to Russia's unjustified war on Ukraine. The Russian ruble decreased in value precipitatly for a few days. Then Putin pegged the ruble to gold (one gram of gold pegged at 5000 ruble). The ruble has now increased in value to more than before the West's sanctions. Russia is now allowing "friendly" nations to pay for oil, gas, and coal in their own currencies and demanding that "unfriendlies" pay in rubles. What the capitalist cabal did in "sanctioning" Russia was to accelerate the world movement away from the U.S. dollar as the world reserve currency.

  Ultimately the US dollar house of cards will collapse and a new monetary system--an IMF "basket of currencies" or the Amero--established. The collapse of the dollar and the rise of a new global reserve currency is a major part of the establishment of a new world order.

  When the entire economy and financial structure collapses due to hyperinflation--as occurred in pre-Nazi Germany in the 1930's and in many other nations throughout history--most familiar political, economic and financial institutions such as banks, credit unions, county, state, and federal government agencies--will cease to exist or change radically in nature and function. When an economic collapse occured in America in the 1930's, President Franklin D. Roosevelt was forced to declare a "bank holiday," closing all U.S. banks for a period of time until financial order could be re-established.

  The many parallels between 1914-1933 Germany and present-day United States are cause for concern. Though the U.S. has not yet reached the depths to which Germany descended in that era, few can look at the constant depreciation of the dollar since the early 1970's and fail to be alarmed. Contemporary America differs from hyperinflatioinary Germany only in the duration between cause and effect. While the German experience was compressed over a few short years, the effects of American hyperinflation have been more drawn out.

  As hyperinflation accelerates in the U.S. the dollar will become almost worthless and the only genuine money will be gold and silver. It's essential for all Americans who want to seek safety to place as much of their Federal Reserve dollars in gold, primarily, and silver, secondarily, as is financially feasible.

How We Must Respond to the Escalating Economic Collapse

  The escalating economic collapse has been caused by both Republican and Democratic administrations. However, any intelligent response to this catastrophic situation can only succeed within a United States that has as much of its democratic superstructure intact as possible. Since the Republican Party at present is hell-bent to destroy every feature of democratic rule, we must first make certain that as few Republican officials take office as possible and that the Biden-Garland Department of Justice maintain free and fair elections (both the voting and the counting and reporting of votes) through criminally charging and prosecuting any and all Republican officials who attempt to put into effect any system of voter suppression or vote nullification.

  At the moment (4/7/2022) Biden and Garland are refusing to protect democratic guard-rails (prosecuting state officials for attacking voting rights and refusing to prosecute former president Donald Trump for fommenting a domestic terrorist insurrection.) So, democracy in total is now an endangered species.

  Your response to economic collapse must involve your assisting to establish a commonwealth community of friends and other known persons you are certain you can trust with your life.

Cooperative Commonwealth Community

  1. Screening and training of applicants for community membership, not indiscriminate acceptance of all applicants

  2. Community ownership of the means of production by members

  3. Consensus control: policies and actions decided by dialectical consensus of all community members

  4. Production solely for use, not profit: community-regulated production of goods and services relative to need, without the intervention of a buying and selling market mechanism

  5. Replacement of capitalism by a commonwealth polity one community at a time, not nationally as a whole

  The author has been involved in the process of announcing 1 the creation of a commonwealth community to persons capable 2 of helping to build a community to supply these basic human needs:
  • Food
  • Shelter (housing)
  • Water
  • Energy (electricity, gas)
  • Sanitation (waste elimination)
  • Safety (protection from attack)
  • Information and communication (Internet, email, phone, cable TV)
  • Education and training
  • Accoutrements (elements that are not necessary in themselves but add to the well-being or cultured life of persons within a community--Examples: books, videos, electronic equipment (DVD player, car battery recharger)

  As indicated, we are faced with the nightmare of an ongoing, escalating economic collapse. However, this civilizational cataclysm also presents an opportunity for beginning to build a commonwealth community. The economic collapse will create conditions wherein more and more workers lose their jobs, their homes, their families, and their lives. BUT it is possible that a few of them will wake up. Some of those who awaken may be intelligent and discerning enough to see that the only solution to this world cataclysm is what the New Enlightenment Website has been teaching: the necessity of building a commonwealth community.

  This essay constitutes an announcement by the author to persons--who have truly awakened--with demonstrated capabilities in the areas listed above--of the opportunity to join in the effort in Vista, California in beginning to build a commonwealth community (Ark) which will provide:

  • A means of survival during this civilizational cataclysm (Flood)
  • A way of life in which to develop mental, ethical, and cultural capabilities for all members of a family
  • A means of assisting in developing a new culture with which to rebuild a world that is currently being deliberately destroyed by insane, depraved persons
  • A means of developing spiritually and philosophically

  If you feel you are genuinely interested in the direction to which this essay points, contact the author at: normanlivergood@protonmail.com.

Updates and Reference:

3/15/2022: Arsenal of democracy or simply an arsenal

11/20/2021: Returning to Sound Money

8/12/2021: Inflation is just getting started

8/10/2021: The Great Keynesian Coup of August, 1971-Fifty Years Later


1 This announcement is definitely NOT a recruitment process. Whereas other groupings, companies, or communities recruit members, participants, or workers, the New Commonwealth movement requires prospective members to demonstrate sufficient intelligence and desire for knowledge and participation that they discover the New Commonwealth movement and its accompanying material on their own. Instead of providing monetary or personal incentive for individuals to apply for acceptance into the screening and training process, leading to provisional membership in a New Commonwealth community, prospective members are expected to provide their own personal motivation sufficient for the discovery, screening, and training processes.

2 One of the most important intellectual characteristics required of persons considered for screening and training for the Cooperative Commonwealth Community is freedom from taint of infection from the reactionary syndrome.