The Death of Truth & the Rise of Centralized Government Control

As I write this from a France making ever more bold moves toward forced vaccination, one can’t help but ponder the broader issues of centralized government control, regardless of one’s take on vaccine or no vaccine.

Focusing on financial rather than viral data, the evidence of centralized state control over natural market forces in the stock and bond markets is becoming increasingly incontrovertible.

We’ve written elsewhere about the death of logic and the madness of crowds. It should therefore come as little surprise that the death of truth is yet another casualty of the increased central control we are experiencing in global markets.

Debt Crisis Disguised as a Health Black Swan

Long before COVID reared its highly controversial head (from viral source debates, baby-with-bathwater policy reactions, censored science as to vaccine efficacy and safety, distorted math on infection rates vs death rates, and centralized government control by officials acting “for your own safety” vs. Constitutional and legal issues of individual choice), the global financial system was already in an undeniable as well as unsustainable debt crisis.

As any one who can fog a mirror and read history in the same breath also knows, whenever a debt crisis is obvious, what follows is equally obvious: an economic crisis, then a political crisis, and from there a social crisis.

In short, and from ancient Rome to 1917 Russia, or 1789 France to 1933 Germany, debt matters.

Debt is a very dangerous thing to economies and societies, and always climaxes with more centralized control in its wake.

The problem for the 21st century, however, is that almost no global policymaker (left, right or center, European, Asian or American) wanted to touch this $280T debt elephant in the room.

Instead, they buried their heads for years in the sand and sought re-election with promises paid for with, alas, more debt.

In this openly embarrassing backdrop (long before COVID), economic orthodoxy had been tossed into a corner as governments around the world took on fatal debt levels like this:

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