The one great truth is that stupid people imagine that hard control is posssible, but are too stupid to ever execute. welcome to the fundamental flaw in communism.
now we want to do exactly this with our smart phones. can your smart phone discover you need money and solve it for you?
Overseas Book Review: The New Economics Of Technocracy
Posted By: David Lorimer via The Scientific & Medical Network September 2, 2026
Overseas Book Review: The New Economics Of Technocracy
This book review appeared in a professional journal in France. My books are written for all the people of the world, regardless of political or spiritual orientation. It is useful for my American readers to see outside the bubble that there are thoughtful people all around the world who see Technocracy as a major threat. ⁃ Patrick Wood, Editor.
In the last issue, I reviewed Patrick Wood’s then most recent book (p. 68), The Final Betrayal, on how technocracy has gone into overdrive with the Trump administration whereby the promotion of ‘accelerationism’ is designed to unravel the existing order and make way for a new one involving digital surveillance on the grounds of public safety. Technocratic elites regard humans as ‘technoplastic beings’ redefinable and modifiable by technology. This book takes up where the previous one left off, explaining what is now happening in real time. Mark Skidmore’s endorsement is a good summary: ‘the technocratic objective is to replace our current economy with a system built on programmable digital currency, asset tokenisation, artificial intelligence, and universal digital identity.’
The thirteen chapters cover a wide range of themes, starting with the hundred-year blueprint going back to the 1930s and the origins of technocracy, the death of debt and subsequent tokenisation of everything, privatisation of cryptocurrency, the nature of the so-called Board of Peace in relation to Gaza, the fit with Islamic finance, the significance of the Gulf corridor, digital identity as the final lock, AI as the control system, diminished national sovereignty, and the implications of this financial architecture moving faster than accountability and the law can follow. The logic of technocracy is ‘the organisation of society by technical and financial experts, operating outside democratic accountability, advancing through crisis, and measuring human beings by their economic function rather than their created dignity.’ This last point is critical as it repudiates the spiritual view of the human being by considering us as ‘biological resources to be optimised, managed, and if necessary, financially excluded until they comply.’ Extensive notes and references are provided throughout. One interesting background point for readers of this journal is that technocracy is underpinned by scientism (p. 7), and the original energy certificat template has been carried forward, ‘adapted, and embedded into the architecture of global governance and economic control.’ (p. x) Control in this context is rephrased as efficient management of resources, and inclusion is effectively enclosure. Digital money is tethered to digital identity.
Many people are aware of the unsustainability of national debt, which in the US is moving towards $39 trillion ($5.6 trillion in 2000) with annual interest payments of $980 billion. The ratchet effect of each crisis is a surging of debt whereby each recovery is financed with more borrowing. The solution proposed by the financial system is an asset-based digital currency, tokenised and programmable. It is crucial to understand the difference between a payment token and an asset token. Tokens are digital records on a computer network called a blockchain. A payment token is a digital coin that functions like money, while an asset token is speculative financial instrument representing a tiny fraction of, say, a property – so the first replaces your money, and the second your property. Holding a token is quite different from owning a property; the company that issues the tokens is the owner. Larry Fink of BlackRock has stated that tokenisation represents the next generation for markets where tokens are held in a digital wallet. A company called Securitize is minting Blockchain–native securities on the New York Stock Exchange digital platform.
This is where Trump and Witkoff families come in with USD1, a stablecoin issued by World Liberty Financial (WLF) and backed one-to-one by short-term US treasuries. 49% of the company is owned by Sheikh Tahnoun (pp. 61, 116), the UAE national security advisor. Embedded in such systems are three levels of control: programmable money, tokenised assets, and digital identity. As early as January 23, 2025, Trump signed an executive order establishing a pro stablecoin regulatory framework, then in March WLF formally announced the USD1. Fast forward to July 18, when President Trump signs the GENIUS act – the first comprehensive federal stablecoin legislation. Note that the president signs executive orders creating a favourable regulatory environment for stablecoins from which his family will reap benefit (‘mint private dollars, collect real ones, park proceeds in Treasuries, pocket the yield. The public backed the debt. The oligarchs harvested the returns).’ As Wood remarks, ‘the conflict of interest is not a byproduct. It is the architecture’ – where there is an interlock between monetary infrastructure, artificial intelligence, and surveillance technology. (p. 59) Wood notes that the US Constitution was designed to prevent exactly this kind of convergence between public authority and private enrichment – all beyond congressional approval.
Wood explains that the Board of Peace is a democratic governance model dressed in the language of humanitarianism, to be initially deployed in Gaza with zero representation from the Palestinians – no voice in its design nor any alternative to its use. There is a $1 billion pricetag to belong, which means that membership is self-selecting. Israeli intelligence and electronic shekel wallets are at the core of the proposal for comprehensive digital control of the Palestinians where all the layers are controlled by the same players – monetary (USD1), investment (WLF), governance (Board of Peace), surveillance (Palantir), connectivity (Starlink), diplomatic (Witkoff as envoy), and physical design (Project Sunrise smart cities). Needless to say, the reconstruction plans presuppose total destruction. Then the fascinating parallels and felicitous convergences between asset-backed systems and Islamic finance are explained in detail.
In the context of the current war against Iran, the India-Middle East-Europe Corridor (IMEC) is a critical variable designed to make China’s Belt and Road Initiative obsolete (this is part of the ongoing economic war against China). Strategically, the Strait of Hormuz is the choke point for this system of rails, roads, shipping lanes, ports, fibre optic cables, energy pipelines, and data centres (p. 165). The US cannot afford this Gulf shipping lane to be dominated by a hostile Iran as it is designed to reshape world trade – and just in the last few days, Trump has announced that he wants to make this Strait into US territory after he has defeated Iran; the war is the clearing operation.
In the chapter on AI as the control system, Wood argues that this algorithmic coup represents the end of human judgement where the endpoint envisaged is technology dependence by creating machine-managed corporate rule. Data is fused from multiple sources to create data-driven governance. Brain-computer interfaces enabled by 6G are touted as cognitive enhancement, but they also represent cognitive colonisation with a two-way flow of data. Wood likely observes that AI systems do not exercise judgement, they process data, nor are they moral agents. Elites regard the nation state as obsolete and to be replaced by a governance structure managed by them, unaccountable to democratic processes and administered through technological systems – and by ‘public private partnerships’ (PPPs) responsible only to their own stakeholders (a private partner captures the profit) and where the state is effectively bypassed, again by design. Alternatives then become structurally impossible.
Wood proposes seven means of practical resistance: defend cash, demand congressional authorisation, insist on stablecoin transparency, protect physical property rights, secure your communications, support independent media, and engage at a local level. All this is happening extremely rapidly, which means that raising awareness is urgent. Refusal to cooperate is an active exercise of sovereignty, but this may be rendered next to impossible if through a gradual conditional ratchet process, which is why it was important in the UK to repudiate universal digital identity. This is an essential financial and economic briefing where the events are unfolding in real time.
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