Legacy media has often acted as the mouthpiece for entrenched power, sitting squarely on the wrong side of history until the bitter end when their position becomes untenable. In fact, history is often written by the victors, and only when the battle is already lost do they reverse course and place themselves at the center of the heroic narrative.
However, the rise of social media has disrupted this narrative, and now the unraveling of stories can happen in real-time, even before they are counteracted by traditional media. In this new era, one thing has become clear: we cannot rely solely on mainstream media, financial institutions, or government, but must instead believe only in those we trust.
Despite the admission by the New York Times that we are in the midst of a bank crisis, they are missing the bigger picture. The entire system has effectively defaulted since 2008, and we have been in quiet insolvency for 15 years. This debt can never be repaid, and the only question now is how these losses will be allocated. As the banking sector consolidates, the losses are absorbed by central banks, which finance these deals through the national currency. This will lead to radical debasement and a decrease in the people’s purchasing power, which will serve as the ultimate pressure valve for this crisis. You feel it already painfully in your pockets!