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Debt is secured by collateral, but in a financial system unmoored from discipline, which has been the case for decades, debt creation has ballooned, with the same collateral often being pledged multiple times to back multiple loans. In the City of London, it’s legal to infinitely rehypothecate your collateral, meaning to back an infinite number of loans with it. So long as the loans don’t go bad, requiring the handover of the collateral, the system continues blithly unaware of the systemic risk. But loans can go bad all at once and very quickly when confidence is lost. The current financial risk awakening is beginning to reveal a huge shortage of collateral, beginning in the unregulated private credit market. This is a game of musical chairs, with less than one chair per person ‘playing the game’. The music is stopping. Either the great collateral grab begins now, or the system finds a way to expand collateral through tokenisation of assets, making illiquid assets liquid so they can serve the debt ponzi. This could kick the can down the road a little longer if they succeed, although at massive cost to ordinary people who will be asset stripped. It’s critical to understand what’s happening in the financial system in order to have a chance to avoid this outcome.

I wonder how friendly that territory would be after being massively bombed in a way that will contiminate a wide area for a very long time. Can you imagine being the construction workers who would have to turn a bombed out and radioactively contaminated area into a functional canal? Israel has wanted to build the Ben Gurion canal through Gaza for a very long time, but I doubt they would want it to be done with nuclear weapons.

https://andrawatkins.substack.com/p/you-want-a-divorce-because-of-that

Andra Watkins was raised as a Christian fundamentalist. Here she explains the Christian nationalist agenda, as contained in Project 2025, and being pushed rapidly by the current American regime. Women are being progressively deprived of the right to vote, beginning with the SAVE Act. The ultimate goal is to repeal the 19th amendment, which gave women the right to vote, in favour of a family vote cast by the husband. The SAVE act pretends to be about protecting elections by ensuring that only citizens can vote. It is already the case that only citizens can vote, and plenty if research exists to prove that voter fraud is not a valid concern. Nevertheless, this legislation will impose extremely strict identification measures, and these will affect married women and anyone else whose name no longer matches that on their birth certificate.

The only ID that will be considered truly acceptable is a passport, but only a minority of Americans have one, and they aren’t free. This amounts to a poll tax. Poorer people will not be able to afford one, and so will not be able to vote. Both women and poorer people tend to vote Democratic, so this is a major voter suppression bill, targeting selectively. Trump has also demanded state voter rolls, so those likely to vote ahpgainst him can be selectively removed from the register without their knowledge. If they don’t or can’t reregister in time, they will not be able to vote at all.

The current regime would lose a free and fair election in a landslide, leaving both houses of Congress in Democratic hands. For this reason they cannot allow a free and fair election, or the result would be impeachment and conviction of many current cabinet members, as well as the president. On top of voter suppression, they plan to have ICE agents overseeing polling places, and ICE agents are allowed to racially profile citizens, demanding proof of citizenship on the spot, and often deliberately failing to recognise it when presented. They may end up dragging people away from voting lines and holding them until the election is over. The current regime, especially the president, is racist to the core. He specifically favours only white immigration, while complaining that non-white immigrants have ‘poor genes’ and are ‘polluting the gene pool’. Trump is already talking about removing Muslims from society. He might treat them like the Japanese-American citizens were treated during WW2, with internment. These are overtly racist and eugenicist positions grounded in ignorance.

Fascism is never gentle. It considers compromise, empathy and legal constraints on violence to be weaknesses to be expunged from society. The weak are to be despised, and kicked when they’re down if possible. Women, minorities, and anyone with a liberal mindset are to be abused, while extreme violence in the service of empire is unleashed on the world. The empire will not respect sovereignty of any kind, either national sovereignty or sovereignty over one’s own body. What it wants it will take if it can, with no consideration for the human cost. This is already happening in the Middle East, which should rightly be called West Asia. Hundreds of thousands of people have already been killed, and this is only the beginning. Billions of people’s health has already been compromised by toxic food, toxic medications, toxic pesticides, and toxic shots. Few people can avoid the impacts. Protect bodily integrity at all costs if you possibly can. Protect national sovereignty collectively if you possibly can. It won’t easy, but nothing truly worth doing ever is.

This is critical information about the coming financial reset, specifically regarding tokenisation of all assets, financial and otherwise. At the WEF summit in Davos, it was clearly stated that it was essential for the powers that be to know where all the money was, and that people’s ability to spend must be deliberately curtailed through taxation. They don’t mean a moderate increase in taxation, they mean taxing people down to virtually a subsistence level of existence.

Europe is introducing taxation of unrealised gains. This means that if your house increases in value, you will get a tax bill for the increase even though you haven’t sold your house. If you can’t pay the tax bill, you’ll be forced to sell your home to cover it. In the meantime your property taxes (rates) will be skyrocketing and so will the cost of insurance, on top of the costs of essentials like food. The food supply will be reduced by the lack of fertiliser, since some 35% of the world’s fertiliser is blocked in the Straits of Hormuz, just as planting season begins in the Northern Hemisphere. Farmers cannot afford to plant as prices have gone through the roof. This will force up food prices dramatically. They mean to end private homeownership, and ownership of other assets, by forcing to be liquidated in a firesale.

Tokenisation is the consolidation of all asset ownership on a single centralised ledger. The point of this, apart from central oversight of all assets ownsership, is to make illiquid assets liquid, so they can be used as collateral in a financial system starved of collateral. Transactions would be instant. You could be taxed a portion of your home, or other asset, as fractional ownership becomes possible. You could be fined a portion of your home if you upset the government with your opinions, and there would be no appeal. Of course this adds to the likelihood that holding assets will not be possible for ordinary people.

This is to be combined with programmable digital currency, with cash withdrawn as an option. This means that the entirety of your (now very limited) finances would be known to the powers that be, and they would have the power to tell you what you could spend your money on, and where you could spend it. This, along with the skyrocketing price of fuel, is meant to severely curtail your mobility. It’s a rationing system by another name, but it’s only meant to apply to ordinary people. The Epstein class is exempting themselves, as they intend to continue living the high life at our expense. Their policies are going to kill small businesses, by design, as they intend to crush independence, forcing the population on to digital Univeral Basic Income (UBI), making people utterly dependent on government. UBI will have rules including a maximum amount that one can save, menzing that ordinary people would never beable to accumulate significant purchasing power. They intend that we should live roughly the life of an 18th century peasant.

It’s essential that people try to avoid the trap that this represents. It begins with digital ID. That is the entry to the trap, and it must be avoided if at all possible. If they cannot get everyone on to digital ID, their plans will fail. In my opinion, they will fail eventually anyway, because their plans vor vastly increasing system complexity are dependent on energy supply, which has peaked globally and is now being drastically curtailed by the war in the Gulf. People need to try to remain independent for long enough for the Epstein class to fail. Use cash wherever possible. Avoid digital ID. Get out of debt as a priority. Help each other so as to reduce the need for an exchange of money. Try time banking. Establish local currencies. Find ways to exist outside of the system. Lower your expectations of material prosperity drastically so as to adapt in advance to the Greater Depression conditions that are coming. If you can, hold purchasing power outside of the system. This would be primarily metals, but bitcoin may have a temporary role to play, especially if moving purchasing power across international borders. Beware of metals confiscation, as this is extremely likely to occur, as it did during the Great Depression of the 1930s. Don’t count on receiving the pension you paid into. It won’t be coming, and their policies will be deliberately reducing lifespans in order to limit obligations to older citizens.

I will be covering all of this here. This is the most important tipping point in human history.