The Next Economic System?

Dateline: 8 January 2016 AD

As you probably know, there was a lot of speculation about some sort of economic crash in the fall of 2015. Jonathan Cahn's Harbinger (based on his application of the shemitah to our day and age) got a lot of attention. I watched his video and listened to a couple interviews. It did not resonate with me. I made a conscious decision not to have anything to do with it on this blog. 

I've bought into the prognostications of financial pseudo-prophets in the past, and their predictions did not pan out. I'm wary of anyone who, under the cloak of Christianity, predicts a date for collapse. When they are wrong (and they have always been wrong as far as I know), they make Christians look like crazy Chicken Littles.

Don't get me wrong. I'm sure the financial system that we all labour under will eventually fail, just like my submersible well pump failed back in November. There were little indications that something wasn't right. Then, one day, the electric breaker tripped. I flipped it on and it tripped again. Upon closer inspection, the pump was just no good. Everything has a lifespan, including economic systems.

Little indications of impending economic failure are in the news every day. There is no fixing it. The system will just have to die, and then it will be replaced. This is widely understood in economic circles. It is the historical pattern. But it could be years before the system really goes.

When I listen to the analysis of various alternative economic commentators, none of them seems to know for sure what the next economic system will look like. Many are fond of returning to a gold-backed system of some sort. I happen to like that idea, but I have a feeling it isn't going to happen. 

Instead, I'm persuaded that there is a whole new economic system that is being prepared. The groundwork is pretty much already in place. This system would not be acceptable to people today, with our economy still holding together, but a large enough crisis will change people's minds. 

This new economic system is called technocracy. It is a revolutionary carbon-debit economic system that was developed in the 1920s. You can learn about it from This Online Article. 

An effort was made to establish an economic technocracy during America's Great Depression of the 1930's. But it failed. American's valued personal freedom and property rights too much back then (both must be given up for a technocratic system to work). Besides that, the technology for implementing such an economic system was not available back then. 

But with today's advanced computers the whole concept is entirely doable. And the American people are now far more dependent on government, which makes them far more vulnerable to the economic tyranny of technocracy.

All of this is explained in the book, Technocracy Rising: The Trojan Horse Of Global Transformation by Patrick Wood (who also authored the above-linked article). 

Patrick Wood has done a remarkable job of "connecting the dots" and showing that the world has been moving towards  economic and political technocracy for the past few decades. This is all happening in real time, by design. 

Here's what he writes in the book about the technocratic economic system that is in the works...

"Technocracy is so radically different from all current economic norms that it will stretch your mind to get a grasp of what it actually means and what it implies for a global society."

If you have any interest in the economy and where it is headed, I think Technocracy Rising will really open your eyes to probabilities that almost no one is talking about. The book was, without a doubt, the most interesting book I read in 2015.

A sign promoting the Depression era Technocracy movement. 


Didi said...

This reminds me, a while back posted a blog about a credit card type service where your money was backed with gold. I tried to find it bur was unsuccessful. Can you link me to it?

Pam Baker said...

What do you think about Martin Armstrong's prediction?

Chris said...

After reading the description of Technocracy, you linked to, I'm not so sure it would work as described. The assumption is made that local trade will simply dry up, leaving only the carbon credit system. Perhaps its because I come from an isolated island (Australia) from the rest of the closer continents in the Northern Hemisphere, but we have a history of overthrowing bureaucracies when its not in the interests of the "common" man.

I imagine there are other such places in the world (Russia comes to mind here) and while we are happy to do business globally, we won't be dictated to, locally. When our governments attempt to change this, the common man pulls rank and either goes underground or attempts to sabotage the system. Australia's history is riddled with such conflicts, with the government eventually having to concede to the masses every time.

NATO demonstrates the inability for all major players to sign onto one train of thought, which is why it would be difficult for such a singular carbon credit system, to work at controlling a new global currency. Though I can certainly see different models of Technocracy, attempting to navigate a singular path. But it won't be able to get up without having to make concessions, which is why I cannot see it being able to have absolute control.

Like the Romans, who tried to spread their empire further and further into the world, it just made them less able to control the independence of the different regions. Eventually they had to give up control, because the local element was too organised and the Roman's resources spread too thin. The reason a price based system works is, its flexible enough to meet so many competing agendas.

Herrick Kimball said...

You're thinking of BitGold. Here is the link...

Considering BitGodl

I still have my BitGold account and have used my debit card one time to buy lunch at a Panera restaurant. The price of gold, however, dropped considerably so I've not used the card any more. However, gold has been spiking up the last couple of days. The BitGold company has continued to improve their web site and appears to be growing. I'm still not recommending the company except as an option for diversification, and I don't have any more money in there than I'm willing to lose if something goes wrong. I love the concept. The impression I'm getting is that BitGold is very popular outside the United States.

Herrick Kimball said...

Hi Pam,
Well, Martin Armstrong's prediction didn't appear to play out either, at least not the way it was expected to by so many people. I featured Martin Armstrong on this blog in January of last year because he had a remarkable story with his previous right-on predictions and the government wanting his computer model (and putting him in jail because he would not give it up).

Armstrong was also calling for deflation, not inflation, as so many other economists were. I have this tendency to think that what most people think is going to happen is usually not what is going to happen. Armstrong also has some interesting historical perspectives and his modeling is based on historical cycles.

I was careful not to endorse Armstrong but to introduce him as an economic contrarian who is well worth reading and understanding. I think he still is, and I still read his blog.For those not familiar with Martin Armstrong, here is the link to my essay last January...

Martin Armstrong, Deflation & 2015.75

Herrick Kimball said...

More Re: Armstrong & Predictions...

Martin Armstrong has called for economic deflation for a long time, and he has been right on that. The other well-known economic commentator who has called for deflation is Harry Dent. Harry Dent doesn't look at historical cycles like Armstrong. He looks at demographics. His track record appears to be pretty good. Harry Dent is also a contrarian to the contrarians in that he says gold and silver are not safe haven investments in the deflationary world we live in.

Harry Dent was interviewed on the Alex Jones radio show yesterday and he predicted that we will experience an economic crash this year that will be worse than the Great Depression. I think he said this would happen by July. So here we go again with the predictions. But I don't think Harry Dent has made this kind of prediction in the past.

My feeling is, as it has been all along, that the best wisdom is to extract ourselves from debt and dependency on the top-down economic system as much as possible. A lifestyle of self reliance on a piece of land makes sense in any kind of economy and culture.

Herrick Kimball said...

Hi Chris—

America has a history of overthrowing bureaucratic tyranny too. That's what the Declaration of Independence was all about, and the Revolution that followed. It is reassuring to know that Australia has similar history.

Unfortunately, America isn't what it once was. Americans are dumbed down and don't value what they have in the Constitution and Bill of Rights. Our president ignores the Constitution and does as he pleases. And he gets away with it. The rule of law in America has broken down.

Thomas Jefferson famously wrote that "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." He knew.

My hope and prayer is that the evolving technocracy (a scientific dictatorship) that is emerging here in America will be rejected, and centralized power will become decentralized as a result.

Europe is getting a taste of technocracy now via the EU. A small group of unelected people (technocrats) in the EU are forcing countries and the people in them to do what the technocrats want. Property rights and individual freedoms must conform to the will of the technocrats.

The Roman analogy is a good one. The empire was stretched thin, kind of like the American empire now is. America's worldwide military empire will eventually collapse just like Rome's did. But there is a tendency among powerful entities to organize and control. The control these days is perpetuated less with an iron fist than by a velvet glove (over the iron fist). For the good of everyone and the planet we must all submit to blah blah blah...

And the Romans didn't have computer technology.

Thanks for the thought provoking comment. :-)

Didi said...

I have read the article referenced and can't get my mind around it. Everyone gets so many carbon credits and you use them or lose them? How can anybody daughter? But maybe that's the point.

What about entrepreneurship? We farm for a living. Looks like there would still have to be some sort of medium of exchange in order for us to purchase inputs and then to sell our crops. Would I get carbon credits for the carbon produced by all our woodland? What about the carbon produced by our 1500 acres of corn, peanuts and cotton. Does one crop produce more carbon than another and therefore commands a larger payment? And after I've produced all this carbon, I still get to sell the corn, etc?

What do I sell it for, more carbon? I'm certainly not going to give it away. If I have to do that, I'll just turn all my cropland into grassland or plant it in trees. Then I won't be producing food and fiber. What will the people eat, where will the cotton come from to make your clothes?
I don't expect anyone to answer these questions, it's just that I don't see how an imaginary currency will ever work. Unless the whole idea is to suppress the masses.....

Didi said...

Meant to say, "... how can anybody save?"

Herrick Kimball said...


Good questions.

I'm sure the technocrat elites will explain it all to us when the time comes.

Suppressing the masses is necessary... for their own good of course.


Tucanae Services said...

So what this is, is socialism writ large. This scheme is supposed to replace billions of price signals with central planning. Tell me, how well did the Soviets do with that scheme? The fact that they say 'carbon' is just a marker, the allocation scheme is right out of Soviet central planning.

Herrick Kimball said...

Technocracy is like socialism on steroids. think 'Nazi Socialism." Germany adopted many tenants of the American technocracy movement in the 1920's, and the German technocracy was in place when Hitler rose to power. it was very efficient in it's control. However, Germany did not adopt the technocratic monetary system.

The revival of a modern worldwide technocratic movement came in 1970 when Zbigniew Brzezinski published "Between Two Ages: America's Role in the Technocratic Era." Brzezinski is an intellectual, psychopathic one-worlder. An icon among the elites. That book ignited a movement that is being deliberately implemented in a diabolical manner. Global warming & UN Agenda 21are key components of the plan, which is coming together pretty well for them.

That doesn't mean it will ultimately happen, or that it will succeed if it does happen. It only means that there is a plan, and it is coming together on multiple fronts, and the book makes this very clear.

deborah harvey said...

just see the word of the prophets coming closer to horrible fulfillment.