Adonis Diaries

Western colonial powers to dig into its “reserves” of sovereign funds

Implicit sovereign funds of centuries of looted wealth from their colonies

Covid-19 pandemics has forced the colonial powers to start printing currencies in order to cover for the “expenses” of focusing on their crumbling health institutions and lack of the necessary health human services.

They are printing money in the $ trillion, money Not covered my any incoming foreign currencies or export or expanding internal economy.

Fending off mass revolts of serious decrease in standard of living is the price for the creation of inflation at long period. 

A quick overview that condenses the main phases of western colonial powers wealth accumulation.

1) Slave trades:

After Constantinople fell in 1443 into the hands of the Ottoman Empire, all the slave routes from central and eastern Europe stopped. The Europeans colonial powers had to seek slaves from Africa, indirectly from Cairo, Tunisia, Algeria and directly by their own ships.

One third of the slaves died in the crossing of the African desert and as many in the crossing of the oceans.

All the universities and facilities and fancy buildings and institutions were the result of slave trading. And the symbols are falling and the universities are starting to redirect funds for the inclusion of “minorities” into their programs.

Actually, the American colonies revolted against England because the British Empire made it illegal to “import slaves”. Implicitly, England didn’t stop trading slaves but this law was a sword to harass the rich colons who were expanding their business and Not paying enough taxes.

2) First industrial revolution and child labor.

In order to export products to the colonies at exorbitant “added values”, the colonial powers in mainly England and France put children and women to work in sweatshop factories and in the mines.

Generations of youth were lost in shortened life expectancy, uneducated, and a life of miseries and indignities.

These generations were sacrificed simply because the people in the colonies were Not to learn any skills in production or transforming their raw materials into even semi-finished products.

3) Second industrial revolution and mass infrastructure and transport within their countries and in the colonies in order to quicken the exploitation of the raw materials in their colonies and fast transport of moving of their troops.

4) From 1950 to 1980, China experienced 30 years of internal instability, famine and inequities. Millions of Chinese barely survived the many dogmatic pronouncement of Mao that reduced this Nation into stagnation at all level: economically, financially, education, culture…

Millions starved, were dispatched into far away villages and camps, and forgotten there. China just lived in the memory of faked propaganda as the leading fair and equitable communist nation. The western colonial powers had a field day of Not encountering any serious economic competitor.

5) The fall of Berlin Wall and invasion of financial multinationals of world markets.

The US lead the way in concretizing the notion of “World Free Market” by forcing the acceptance of their financial multinationals in the economy and finance and production in the foreign countries.

Financial crisis followed crisis and many countries suffered the movements of faked and fictitious trillion of dollars circulating around the globe, with no fundamental coverage in Gold or real material production.

And what now?

China is in the forefront at all levels.

And still China is the leading country in sweatshop factories, displacing millions to countryside whenever a giga project is underway, and many millions are barely surviving.

Yes, still generation of Chinese are still being sacrificed in order to supply this God of Export, as many generations of the poorer classes in Europe and USA were sacrificed a centuries ago.

And what now?

China is back to re-creating the Silk Road, inland and by sea and is the second most powerful economic power, and by far the the leading creditor nation, if Not the only real creditor nation with $ trillions to spare and buy foreign bonds.

Fact is, almost all States are debtor States, even Japan is the second debt nation after the USA.

Only China and a few of Northern European States (Scandinavian States of Norway, Sweden, Danmark, Holland, Finland…) have “sovereign funds” to rely on in time of major financial crisis.

The colonial powers have to dig into its “reserves” of sovereign funds of centuries of looted wealth in order to fend off mass revolts of serious decrease in standard of living

Note: When all the US liabilities are accounted for, US national debt amount to $135 trillion, Not the official $26 trillion. In this Covid-19 pandemics, the US printed (balance sheet) over $10 trillion. Mind you that during the financial crisis  of 2007, US printed less than one trillion.

No country ever was paid on the principal for US bond purchases. Trump financial blackmail of Saudi Kingdom was of two kinds: Fresh money on useless weapon, and slashing a large portion of Saudi principal, thus reducing the interest to be redeemed.