Takeaways
Trump’s Financial Policies are directly opposing the influence that the City of London has on the world, here’s how. -Tariffs and Protectionism: Actively Challenging Free trade which harms the American middle class. By going back to tariffs, we are able to bypass going through the City of London and avoid intermediated markets. -American First: Trump wants to reject NATO and the petrodollar system. The world has often relied on America’s military power for protection, and by leaving NATO, other countries are forced to develop their own military forces; which will never rival America. -Reshoring Manufacturing and Energy: Reduces the U.S…
Here are 3 main theories that were covered in the video: 3 Sovereign City States Theory: The City of London, Washington D.C, and Vatican City all work together to have total dominance of all aspects of society of the world. City of London controls financial power, Washington D.C having military power and policing the world, and the Vatican City holding the spiritual and religious power. Ace notes that while these cities might have been developed to eventually control things together, Washington D.C and Vatican City were not originally developed for that purpose. Control of Federal Reserve: It is modeled by…
-London ranks #1 as an international financial center and has held that title for the past 6 years, despite being a rather small country. -City of London contains 38% of all global foreign exchange turnover, meaning tons of goods and services make their way through London. -UK holds 14.6% of global international bank lending and hosts 307 billion in output. -Lastly, the City hosts over 160 foreign bank branches, all in the Square Mile.
Continuing on in modern history: -During the 18th to 20th centuries, the City’s power expands. In the 1950’s, sterling loses its reserve currency status, the creating the Eurodollar. This allows it to remain an international financial hub by relying on the US economy. -During the 20th and 21st centuries, there were attempts to reform the City of London, however many realized this would cause a collapse in the tax base and destroy government finances, so no steps were taken. Some facts: -Businesses are allocated votes, as well of the residents of the city. The larger the corporation, the more votes…
Here is a quick overview of the points he covered in the video: -City of London (AKA the square mile) is a distinct 1.12 sq. mile autonomous zone that is the historic financial heart of Britain and a dominant world financial center. -It has a population of 9000 residents, but has a workforce of 676,000 workers daily, that generates 109 billion dollars annually despite its small size. -Its origins can be traced back to Rome, originally being called the Port of Londinium and quickly became a commmercial hub of the empire. -Throughout the 9th-11th centuries, it gains collective urban rights…
A report by the British House of Lords international defense and something committee titled “adjusting to the new realities: Rebalancing the uk-us partnership.”. Here is the link. Just a glance at the contents suggests grave concern about recent moves being made by the Trump admin. https://publications.parliament.uk/pa/ld5901/ldselect/ldintrel/290/290.pdf
What do we need to bring the Bretton Woods system back? 1. A more educated population: citizens need to be well informed and able to understand economics 2.Sovereignty of each and every nation state in relation to natural law: like what’s written in the Declaration of Independence 3. Each state will have unlimited opportunity to contribute to a growing system of technological advances: not giving up their sovereignty 4. We must stick to fixed exchange rates 5. The US dollar must remain the International Reserve Currency 6. We must return to a gold backed exchange rate 7. We must bring…