Last August, when the Taliban walked into Kabul and took over Afghanistan almost unopposed, I wrote that this might have been the empire’s mortal wound and that we would see a very extensive redrawing of global alliances and security architecture.

In my 17 September TrendCompass report, I wrote: “Nations that have held onto some degree of sovereignty will be torn between the decaying empire and Russia and China’s rising power on the Eurasian continent and Africa. Political currents favoring Eurasian alliances will certainly be gaining strength.”

With hindsight, I believe I read that situation correctly but I must say that the speed of these events does seem breathtaking. The war in Ukraine and the empire’s failed economic and financial strike on Russia seem to have accelerated many of these changes. 

The core conflict should rightly be regarded as the clash between the Empire (rules-based order) and the emerging multipolar global order.  As George Soros put it last month during the Davos World Economic Forum (WEF), “the world has been increasingly engaged in a struggle between two systems of governance that are diametrically opposed to each other…

In fact, this has been my contention for many years now and I believe that George Soros wasn’t just saying idle words on that occasion: he told us exactly what’s going on. I disagree with almost everything else he said but his characterization of the conflict is spot on. It is perhaps the clash of two visions: “One Belt, One Road” vs. “One Bank, One Matrix.”

WEF’s Great Reset agenda envisions a monolithic, Soviet-style central bank for the world with no other banks, issuing a programmable digital currency as the sole legal tender for all transactions. This vision is problematic and dystopian on many levels. For starters, most of us by far would be destined to own nothing and have no privacy, but it only gets worse from there. Catherine Austin-Fitts rightly said that death wouldn’t be the worst outcome. Unsurprisingly, more and more people are drawn to the other system of governance and see Eurasian Integration as a more attractive option.

Yesterday, by chance I learned about the 14th Eurasian Economic Forum, which will be held in the city of Verona, Italy at the end of October of this year. A few things about it surprised me. The event will be held in the heart of the EU and NATO, only miles away from Camp Ederle, one of the five largest US military bases in Europe. One of the event’s organizers is the St. Petersburg International Economic Forum and its partners include Gazprombank, VTB and Rosneft.

What I found most surprising however, was the list of event’s sponsors, which includes the who’s who of the Italian financial oligarchy: companies like Banca Intesa San Paolo, insurance giant Generali and Coeclerici. It seems that even the high-level bankers have read the writing on the wall and understood that the architects of the Great Reset are planning to Build Back Better without them. Seeing no future with the Empire, they are understandably considering their options.

Their cooperation with St. Petersburg International Economic Forum and participation in the process of Eurasian integration implies that they are hedging their bets and seeking to carve out their place under the rising Eurasian sun. When their own are jumping ship, it could be lights-out for the high priests of the Davos set. 

The fact that seeds of cooperation and dialogue are being planted signifies that we can expect far-reaching changes in the order of things that we’ve gotten used to in the post World War 2 world. It also promises further turbulence in financial and commodities markets. We do indeed live in interesting times.

Alex Krainer is the creator of I-System Trend Following offering effective, reliable and cost-efficient portfolio solutions and publisher of the TrendCompass report providing daily real-time CTA intelligence on more than 200 financial and commodities markets including Crude Oil, Gold, Wheat, Bitcoin, Japanese Yen and many others. One month free trial is always on the house. To request a trial, just drop us a note to TrendCompass@ISystem-TF.com

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