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Populist Uprising: Planetary Backlash Against Globalism Finds Worried Elites Conspiring in DC

The New World Order establishment is under attack. --->

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A backlash caused by the globalist agenda of forcing 3rd world Islamic refugees, among others, into the Western world, in addition to an effort by these same leaders to redistribute wealth from the West to 3rd world nations, has global elites worried.

They’re calling it a “populist uprising”  which seems to suggest that the elites consider themselves to be in some form of control or at least as authorities over the masses, rather than the voting citizens of various western democracies, who, at least to the elites, must be mimicking only an illusion towards self-government.

Quite telling, indeed.

The globalists’ singular agenda of erasing borders across the west, against the increasingly concerted will of the people, has grown to be nothing short of a real-life conspiracy, that both the media and the powers that control them have forever tried to hide.

To that end, the multicultural fascists, making up those who consider themselves the elite, are preparing now to gather in Washington DC, for a discussion on alternative strategies.

It seems the elites, who primarily fancy Marxist-Socialist constructs, are finally running out of other people’s money even as their Keynesian economies continue a slow but steady swirl down the drain of questionable intent.

The Elite appear to be implicitly blaming a disdain for free trade, across the planet, for the impasse, and yet free trade is not all the problem, rather, it’s the globalists’ actions of hitching all sorts of sovereignty-surrendering straps to the current crop of trade agreements, being made in secret,without input from the  people’s representatives, all across the planet.

They’re also blaming Donald Trump as the conservative patriotic frontman newly leading the free world’s cause.

The globalist actions of trying to smash nations together while erasing all collective borders, smacks of an acceleration of something approaching a one-world construct being engineered, secretly, by way of freak-trade agreements, that in fact offer only minimal actionable clauses, when it comes to actual trade.

Their efforts appear to swaddle trade in the clothing of totalitarian fascism while hoping their patriotic opponents lack the mental veracity to catch on.

Meanwhile,  an increasingly sophisticated western citizenry, stretching from Europe to the Americas, have grown ever more weary of an agenda being foisted upon the West by men like international henchman-financier, George Soros, who ostensibly leads the weak-kneed multiculturalists.

However, the game appears to be up for the globalists, except for a range of dynamics that the Luciferian financiers may yet try to advantage.

Chiefly, Russia and China, as opposed to both America and Europe, are increasingly pounding the war drums, making for the possibility of an unthinkable solution being bandied about by the military-industrialist elites, soon to gather.

Uncharacteristically, at least when it comes to nations that can hit back hard, the Obama regime and the establishment political class appear to be responding in kind, for a change. Meanwhile, the American people remain still, more often mystified than not, on why war with Russia over Syria, a nation with little strategic value, remains so important to both the US and the global masters directing the overall agenda.

War, in fact, might be their overall solution, prefaced upon building back up their portfolios with a harvesting of weapons sales, increased security, and death; it’s what they ultimately live for.

The main part of this story comes to us from Bloomberg:

“Policy-making elites converge on Washington this week for meetings that epitomize a faith in globalization that’s at odds with the growing backlash against the inequities it creates.

From Britain’s vote to leave the European Union to Donald Trump’s championing of “America First,” pressures are mounting to roll back the economic integration that has been a hallmark of gatherings of the IMF and World Bank for more than 70 years.

Fed by stagnant wages and diminishing job security, the populist uprising threatens to depress a world economy that International Monetary Fund Managing Director Christine Lagarde says is already “weak and fragile.”

The calls for less integration and more trade barriers also pose risks for elevated financial markets that remain susceptible to sudden swings in investor sentiment, as underscored by recent jitters over Frankfurt-based Deutsche Bank AG’s financial health.

“The backlash against globalization is manifesting itself in increased nationalistic sentiment, against the outside world and in favor of increasing isolation,” said Louis Kuijs, head of Asia economics at Oxford Economics in Hong Kong and a former IMF official. “If we lose consensus on what kind of a world we want to have, the world will probably be worse off.”

In its latest World Economic Outlook released Tuesday, the fund highlighted the threats from the anti-trade movement to an already subdued global expansion. After growth of 3.2 percent in 2015, the world economy’s expansion will slow to 3.1 percent this year before rebounding to 3.4 percent in 2017, according to the report, keeping those estimates unchanged from July projections. The forecasts for U.S. growth were cut to 1.6 percent this year and 2.2 percent in 2017.

“We’d like to see an end to the creeping protectionism in the world and more progress on moving ahead with free-trade agreements and other trade-creating measures,” Maurice Obstfeld, director of the IMF’s research department, said in a Bloomberg Television interview with Tom Keene.

Lagarde said last week that policy makers attending the Oct. 7-9 annual meeting of the IMF and World Bank have two tasks. First, do no harm, which above all means resisting the temptation to throw up protectionist barriers to trade. And second, take action to boost lackluster global growth and make it more inclusive.

Trade Deals

Achieving even those modest objectives may prove elusive.

Free trade has become polling poison in the U.S. presidential campaign, with Democratic nominee Hillary Clinton now criticizing a trade deal with Pacific nations, which isn’t yet ratified in the U.S., that she had praised when it was being negotiated. Republican challenger Trump has lashed out at Mexico and China, threatening to slap big tariffs on imports from both nations.

Rattled by the U.K.’s June vote to leave the EU, European leaders know it may just be the start of a political earthquake that’s threatening the continent’s old certainties. Next year sees elections in Germany and France, the euro area’s two largest economies, and in the Netherlands. In all three countries, anti-establishment forces are gaining ground.

With growing resentment of the EU from Budapest to Madrid, policy makers have described the current surge in populism as the greatest threat to the bloc since its creation out of the ashes of World War II.

Perhaps the biggest beneficiary of free trade over the past generation, China, still restricts access to many of its key industries, with economists worried about increasingly mercantilist policies. It’s also seeking a larger role in the existing global framework, with entry of the yuan into the IMF’s basket of reserve currencies on Oct. 1 the most recent example.

An all-out trade war would be a disaster for China’s economy, with Trump’s threatened tariff potentially wiping off almost 5 percent of its gross domestic product, according to a calculation by Daiwa Capital Markets.

Waning Support

John Williamson, whose Washington Consensus of open trade and deregulation was effectively the governing ethos for the IMF and World Bank for decades, said the 2008-09 financial meltdown had undercut support for economic integration.

“There was agreement on globalization before the crisis and that’s one thing that’s been lost since the financial crisis,” said Williamson, a former senior fellow at Peterson Institute for International Economics who is now retired.

The growing opposition to economic integration has been fueled by a sub-par global recovery.

“Perhaps the most striking macroeconomic fact about advanced economies today is how anemic demand remains in the face of zero interest rates,” former IMF chief economist Olivier Blanchard wrote last week in a policy brief for the Peterson Institute.

The world economy is getting some lift after rising at an annual rate just shy of 3 percent in the first half of this year, according to David Hensley, director of global economics for JPMorgan Chase & Co. in New York.

Driverless Economy

But much of the boost will come from a lessening of drags rather than from a big burst of fresh growth, said Peter Hooper, chief economist at Deutsche Bank Securities Inc. in New York and a former Federal Reserve official.

Recessions in Brazil and Russia are set to come to an end, while in the U.S. cutbacks in inventories and in oil and gas drilling will wane.

“I’m characterizing the global economy as something akin to a driverless car that’s stuck in the slow lane,” said David Stockton, a former Fed official and now chief economist at consultants LH Meyer Inc. “Everybody feels like they’re being taken for a ride but they’re pretty nervous because they can’t see anybody in control.”

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About Barry Secrest (27 Articles)
A native of the Charlotte area, Barry Secrest is the owner of two successful ventures, one in business and the other in media: Carolina Industrial Agency and Conservative Refocus. He has more than 25 years of experience in the insurance industry. Barry is also the author of the book "A Perfect Liberal Storm" which was released in late July of 2010.

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