G7 / G20

This is the top tier, everything starts here with the puppeteers, an exclusive club for the top 7 and top 20 nations / regions.

The G7 has seven + 1 members; United States, United Kingdom, Japan, Canada, France, Germany, Italy plus the European Union. And while the EU is not technically a full member, it holds virtually all the practical privileges of a full member.

The G7 / G20 groups instigate and manage the workflows of the following supranationals (and others) to maintain their control over financial and political agendas.

Organisation for Economic Co-operation and Development (OECD)

The OECD writes the rules for international taxation. For example, global minimum tax agreements attempt to disincentivize capital flight and tax avoidance. And while such laws may be aimed at niche or minority groups, they invariably get extended to catch more people in the net.

We should note, tax avoidance is not tax evasion. To relocate your business, money and lifestyle is your sovereign right. Nevertheless, national governments adopt these tax frameworks as it reduces the pool of “tax havens”.

The Financial Action Task Force (FATF)

The FATF sets global anti-money laundering (AML) and counter-terrorist financing (CTF) standards. Failure to implement these standards places the country on monitoring lists (grey lists and black lists). The consequence for landing on these lists are higher borrowing costs and international transactions are throttled. To avoid economic strangulation, nations routinely rush to pass FATF compliant legislation word-for-word.

In September 2021, having cleaned up El Salvador’s criminal gangs, President Nayib Bukele shocked the global financial system by making Bitcoin legal tender alongside the US dollar. Bukele understood that Bitcoin was unstoppable hard money. His forward thinking would simultaneously bank the unbanked and attract tech savvy foreign investors.

The government of El Salvador was buying one Bitcoin every day and instead of selling it, they took a 1.4B US dollar loan from the IMF. In return, the IMF demanded that Bitcoin must be a voluntary payment, while equally demanding that all taxes must be paid in US dollars. These demands perfectly demonstrate how instrumental and asymmetrically powerful fiat is as a tax token and that tax paid in fiat is the mechanism to force demand.

In developing countries where inflation is rife and capital controls in place, millions of people across the globe have no access to banking. Yet, by installing a wallet on a phone - with no paperwork and no questions - an unbanked person is suddenly enabled to earn, spend and save tokenized US dollars. Stronger than their local decaying currency, a bottom-up movement has emerged.

Equally, in advanced economies there is a movement to US stablecoins, primarily USDT and USDC, driven by efficiency and convenience.

Every day, billions of tokenized dollars are moved and most of it bypasses the friction of traditional banking rails. It should be said, however, unlike Bitcoin (and others), these particular tokenized dollars can be frozen with little recourse.

The irony is, central banks and regulators alike are desperately rewriting their rules in a futile attempt to stem this run on their local currencies; every dollar someone holds is less local currency in circulation. The caveat to this is that every dollar of USDT and USDC is backed by US treasuries, which means every holder is a buyer of US sovereign debt.

This squeeze to dollarization is a necessary step before the dollar itself fails upon its mountain of debt.

What is it that drives individuals to become career policy makers and the masterminds of an untrusted and surveilled society?

From the outside, this is presented as security, to protect you. To the layperson, such measures will never affect them directly, they have better distractions in life. This is soft power at work. They have mastered the art of writing regulations and making trade deals in a neutral looking language in the name of efficiency, security, stability and progress.

There are four main psychological profiles for these kingmakers; the silent invisible hands pulling the strings:

1. The messiah complex: The paternalist

Severe God complex is often projected as paternalism, the philosophers of our time. A belief that the general public is either too shortsighted or uneducated to manage global challenges. From this point of view, the subversion of personal privacy and local democracy is a trade-offs for safety and stability.

2. Self-preservation of the institutions

The primary motive here is the expansion and survival of the institution itself. The goal is authority and the compounding of authority. By creating dependencies or manufacturing crises, these organizations secure larger budgets, permanent emergency powers and broader jurisdictions. The rewards are more centralization and the erosion of local or personal sovereignty.

3. Asymmetric wealth and influence transfer

Here, the primary motive is wealth and influence. There are no written contracts. This is a gentleman’s agreement, often with deferred rewards. Over time, a career politician may build a portfolio that translates to bias and favors less competition. After leaving office, new opportunities invariably emerge in business and influence; writing books, lucrative board seats, advisory roles and speaker events.

4. The ideologically driven

Some are driven by ideology, controllers of an engineered and goal driven society, accepting collateral damage along the way.

Without an escape hatch there is coercion and duress. This is underpinned by Article 13 of the Universal Declaration of Human Rights which explicitly states:

Everyone has the right to leave any country, including his own.

This is no less than workers at a labor camp being held hostage until they payback an “exit tax”. Capitalism is the opposite of people being shackled by authority.

In a free society, everyone has the right to distribute their business, finance and lifestyle as they choose. To leave or stay without coercion is the free market in action. No hostages, just patriotism when it’s freely chosen. Governments are our service providers, for which we pay them, and only for the time we use them. When a country tries to shame those who dare to leave, or extract money for the luxury of leaving, then we can say this is perhaps not the best host to serve you.

However, with the sovereignty of nation states being systematically stripped bare and simultaneously fused together, one may conclude that such behavior amounts to bullying, which is supported by the fact a minority of nations - the G7 / G20 - impose their empire over 140+ countries.