This is the translated transcript* of a presentation entitled ‘Uncovering the Corona Narrative’ by the German author and journalist Ernst Wolff, which he delivered in late August.
It can be viewed herein the original. There are subtitles.
Wolff is a German author and journalist whose long-term focus of criticism has been the global financial and monetary system, especially the role of the IMF, the World Bank, the Federal Reserve, the Bretton Woods system and the worldwide fiat money.
Here he details the unfolding global health and economic crisis consequent on the Covid-19 lockdowns and addresses the question of who has an interest in this destructive agenda.
The American president Franklin Delano Roosevelt once said: ‘Nothing happens accidentally in politics and when something happens, you can bet on it that it was exactly planned that way.’
When one looks at what’s happened in the last year and a half, these words are especially alarming.
Can it really be the case that everything we’ve experienced was planned? I’ll say one thing right away: I can’t produce any evidence for such a plan in the form of verified documents, but after studying this topic in detail for 18 months, I must say that there is an impressive number of signs and indications pointing in exactly this direction.
It’s this and the consequences thereof that I want to talk about today.
The current situation we find ourselves in is unique in the history of mankind. Never before has the whole world been thrown under the rule of this type of coercive regime as now in our time. And never have so many measures been taken which at first glance appear to be unintelligible, partly so nonsensical, and in many cases so contradictory.
Officially, this is about the most serious health crisis in living memory, but the measures being used against this have not improved the situation but continuously made things worse.
Every doctor today can confirm that the health condition of people, the majority of people, is worse than before the crisis, and even from the point of view of those who ordered the measures, we are faced with a shambles.
The allegedly threatening fourth wave, and the announcement of the need for third, fourth and fifth vaccinations show that the purpose of the measures up to now, namely preventing the illness, has failed completely.
But that is not all by far. As a consequence of the lockdowns up to now we have a severe global economic crisis to manage. Worldwide production hangs in complete disarray. Global logistics is on the floor, supply chains are broken, harvests are being lost, there are food supply bottlenecks, and on top of this a scarcity for a large part of the economy of essential semi-conductors.
But also we are seeing the problems are not being addressed and solved, but multiplied and magnified via the application of further measures and the constant threat of new restrictions.
The most recent example: in China a port freight terminal, the third largest in the world, has been closed down due to a single positive test from a worker there. Or take New Zealand, where in all seriousness during the last week, five million people were put in lockdown for three days because a single 58-year-old had a positive test.
A further crisis is affecting the small/medium businesses sector, which by a long way provides the most jobs worldwide, and additionally supplies the largest share of tax revenues. The Mittelstand [small-medium industry sector] is being driven from week to week further to the wall through the incessant uncertainty and new regulations, and has never before been stuck in such a deep crisis as today.
But that is not all. We are experiencing at present a brutally increasing worldwide inflation, especially for raw materials, with producer prices and with food products.
But also here, nothing is being done to alleviate the situation, but rather the opposite. The flood of money printing continues and will even be further increased. Countries and central banks have, since the start of the crisis, thrown in almost $20 trillion into the worldwide monetary system, without any end in sight! And the International Monetary Fund, as the most powerful financial organisation in the world, will give out next Monday with $650 billion, the largest amount ever of its own currency, under special withdrawing rights.
And the situation in society is no better. Just one example: in the USA, the strongest economy in the world, almost four million people are threatened with eviction because they cannot pay their rent or cannot cover their mortgage costs. And more than ten times as many in the USA – note in the richest country of the world – are not in a position to feed themselves from their own income.
And that, which the intentional destruction of the economy and the rising inflation have not managed to accomplish, politicians have managed to do. A country-wide fracture of the population as we have never witnessed before.
And now on top of this come vicious measures as the crowning of the whole thing, the premeditated change of power in Afghanistan managed by the USA. There, the Taliban have been deliberately handed military materials to the value of $20 billion – a complete air force, with eleven airfield support bases available for use which with absolute certainty will cause the next enormous flood wave of refugees.
Why this, one asks oneself? Why were worldwide measures taken which have caused one disaster after another, and pushed the majority of humanity deeper towards the abyss, instead of lifting them out of their misery?
To answer this question, one has to ask two further questions, namely:
Who has an interest in this global agenda? and
Who profits from this?
The answer to both questions is clear.
The biggest profiteer from the current crisis, and the most important string-puller behind the scenes, is the digital-financial complex. So a type of special interest community, with the largest IT corporations and the largest asset managers of our time at its head. The largest IT concerns include Apple, the Google parent company Alphabet, Amazon, Microsoft and Facebook.
The market capitalisation of these five companies alone at present amounts to an incredible $9.1 trillion. Just for comparison, the gross GDP of Germany, France and Italy is $8.6 trillion. Along with these digital concerns we also have the large asset managers, namely BlackRock, Vanguard, State Street and Fidelity.
They are significantly involved in all IT companies, and not only this, these four companies alone, currently manage a total $220.6 trillion. Again, for comparison, the GDP of all 28 nations of the EU last year amounted to $15.7 trillion.
But it is not just the monstrous financial clout of these concerns which makes the digital-financial complex so powerful. Let’s first take the IT corporations. They don’t just have an enormous power themselves, they also control hundreds of thousands of other companies because they organise the digital systems of these other businesses, and in this way have a constant overview of their data streams.
The IT industry is nothing other than a tumour which, in the course of the past years has metastasised into all other branches of the economy to make them dependent upon it, and in the meantime to completely dominate them. And it is not any different with the asset managers. They are involved in every large company in the world, and able to influence every popular brand in the world.
The largest of them, BlackRock, supplies the more than 40 years old data analysis system ‘Aladdin Data Cloud’, the greatest fund and financial information the world has ever seen. And in the background, BlackRock uses this knowledge to advise the largest central banks in the world, the Federal Reserve and the EZB [European Central Bank].
Through the huge information advantage which BlackRock has, it is very clear who is dependent upon whom.
So this has to do with a unique historic mix of raw financial power and the discretionary power over an unimaginable huge data pool. This combination allowed these corporations to make a business upswing since the beginning of the crisis as never before. And not only that, their advantage is accelerating continuously.
Alone in the previous quarter of this year – April, May and June – these companies have made the largest profits in their whole history. And also, in view of these facts, there’s not much left to the imagination.
And to come to the conclusion, it is this digital-financial complex which is a global power centre which drives everything.
The digital-financial complex stands far above all governments, and is ready at all times to bring every government cabinet in the world to its knees and make it compliant.
One must wonder, however, all the more about the methods introduced by the digital-financial complex since the start of the crisis, because it seems almost as if it is undermining the very system from which it benefits. Here are a few examples. If the digital-financial complex destroys small-medium businesses, then really it is destroying its own livelihood because, as we just heard, the small-medium business sector [Mittelstand] pays the great share of taxes revenues and creates the most jobs.
And when inflation increases, that also hurts the digital-financial complex, and when it destroys social peace through increasing inequality, then it also destroys those who it makes its business from.
All these are valid objections, but they miss the reality. Namely, this is how it works. The digital-financial complex has no other choice other than to do what it does at present. What we currently experience is not something which is a formulated written agenda, with which it will accumulate yet more money and power, and then sit back to enjoy the fruits of its labours.
What we are experiencing at this time is a gigantic act of desperation, probably the biggest that has ever occurred in the whole history of mankind. The cause of this act of desperation is that the system to which the digital-financial system owes its existence can no longer be kept alive with the previous business model.
It was very close to its demise already during the world financial crisis of 2007-8. If governments then had not mobilised huge amounts of tax money, and the central banks instructed oodles of money to be created out of nothing, the system would have collapsed there and then.
But salvation was only temporary. The amounts of money had to be continuously increased over a period of 12 years, and the interest rates had to be reduced several times. So the system was made ever more unstable. In the long term that could not go well. And last year it was to the point that the next collapse was threatening. And this collapse has been postponed through a final feat of strength, namely the reduction of interest rates to zero, and the injection of billions and billions for one final time.
With that however, a qualitatively new situation has come about. A further deferral would require interest rates to be dropped into the minus range, and this would destroy the foundation of the current banking system. Banks cannot operate long-term with negative interest rates. This means that a further deferral with the previously used approach will not be possible.
In the present situation one can inject billions and billions into the system at maximum one more time. However, with the result that the already strongly growing rate of inflation will further overheat and will be driven into hyper-inflation.
The situation in which the digital-financial complex finds itself is between the alternatives of, on one side the final collapse, and hyper-inflation on the other side. So, the total loss of value of money. That means, historically, we’ve arrived at a point in which the digital-financial complex, in the framework of the existing system, only still has the choice between two various forms of collapse.
So what can they do?
Quite clearly they have, in this situation, chosen to install a new system and a double strategy. On one side, in the background and away from public view, they are preparing a new system. And on the other side, they are using the end phase of the present dying system to plunder it using all tricks at their disposal. This is exactly what we’ve seen since March 2020.
The quite deliberate and premeditated destruction of the world economy for the exclusive expansion of the digital-financial complex, with simultaneous preparation via the central banks of a new system, and in collaboration with the IT corporations. And we already know how this system will look.
It is about the complete removal of cash and banks in their previous form, and the introduction of digital money from central banks.
The end goal, as it appears, is that we will all have just a single account through which all transactions run. And this account will not reside in a business/high street bank, but with the central bank.
The background to this plan is the following: digital central bank money is programmable, and because central banks can create unlimited money out of nothing, one can indeed operate in this way with negative interest rates, without having to destroy the system.
But this furthermore is not the only feature of digital central bank money. It will allow governments to watch over all transactions made to assign us various tax rates, and impose upon us individual fines. Governments can also place an expiry limit on a part of our money, and require that we spend certain amounts within certain time periods.
But it can also require the money to be used for specific purposes, and require that specific amounts be paid only for certain products, or that they be sourced only from certain regions.
Above all, government will be in the position to cancel our ability to make all transactions with a single mouse click, and so shut us down financially.