What's behind the Epstein, Mandelson and Starmer case?
SUMMARY
There are two parts to today's post. The first gives a background to the fight between the Old British Empire elite of globalists in the City of London, and the newer American elite in Washington.
This is a background to introduce the current skirmish over the release of papers by Mandelson to Epstein and the whole sorry affair involving Starmer, why he appointed mandals and in the first place and his imminently expected resignation.
POST
We know the globalist project means global free trade - maritime trade routes, smashing up borders, outsourcing production for cheap consumption at home and investing the profits in better paying financial assets, forcing open countries etc. So in practice, the agenda is always the same - opening new markets so capital can expand, extract, and recycle profits into bonds, equities and property.
Right now, the two big markets to penetrate and open up are Russia and Iran. Of course there's geopolitical strategies at work but the basic drivers are economic.
This approach is straight out of the old British Empire playbook, an empire that didn't disappear and hasn't accepted the American takeover, it just changed form - power moved from flags and gunboat diplomacy to core financial assets and finance, and it’s still largely run out of the City of London, dominated by banking interests and the bond & repo markets, the Rothschilds in particular, who think in imperial rather than national terms. That's intuitively what's going on.
It’s also easy to argue that the same financial class, centred this time in New York, pushed America down a similar road for its own interests. But the US has always been different in one key respect. From the beginning, its instinct was continental rather than global. The Monroe Doctrine, dating back to the early 19th century, set this up: America first, focused on the Western Hemisphere as America's backyard. So Greenland, Canada, the Panama Canal, the Americas incl Venezuela.... But not old Europe and not even West Asia other than Israel as its aircraft carrier platform - these are all vassal states and they belong to Imperial thinking.
The globalists dragged the US into trouble in Ukraine - maybe Washington deluded itself by buying the British imperial vision - but whatever, the point is that that conflict sits outside America’s natural strategic logic of influence, influence that it jealously guards. If you carry the Monroe Doctrine mindset forward through modern history, you can trace how America was pulled off course: Mackinder in 1904 argued that whoever controlled the Eurasian “Heartland” would control the world, pulling Anglo-American strategy away from sea power and hemispheric defence into endless continental entanglements; Bretton Woods in 1944 then made the dollar the global reserve currency and America's "exorbitant privilege"; dropping the gold standard in 1971 turned that privilege into a financial control system rather than a productive one turning it into a consumption economy based on debt; and bringing China into the WTO around 2000 finished the job by hollowing out US manufacturing and locking the economy into hyper-financialisation instead of national strength.
These were truly massive mistakes. From that point on, America stopped producing and it lost touch with the real world when it started intermediating into abstract financial derivatives. That’s the road to delusion and decline, they should have accepted Keynes Bancor proposal and instead they fell victim to Triffin's Dilemma (1963) - which is fiscal overspend, trade deficits, enormous build up of debt, huge and overwhelming interest payments, gross inequality and the rise of populist opposition and the attempt at its suppression with the silencing of free speech and democracy, wars abroad and at home, hypocritically ignoring terrifying human rights abuse in the victim countries, destruction of their currency, increasing inability to pay and repay, and the final downsizing of their "alliance" (Empire) as they have to recognise a multi-polar world.
The reason for writing this long introduction is because Mandelson’s appointment as Britain’s ambassador to Washington, overlooking his past convictions, a burning hot topic today, well that appointment looked like a very deliberate move by The City to push the old British imperial-financial line again. (One program of work of that strategy btw is to re-assert Europe as a captive market for British finance.) At the same time, it’s clear the US is not on board with that old British imperial agenda, it's trying to escape, and that showed up most clearly with Trump’s election.
So I won’t refine the argument here, but the drift is this: the release of those three million documents and the subsequent removal of Mandelson and shortly Starmer, look like part of a deeper struggle. America is trying to loosen the grip of the City of London and re-anchor itself in its original national logic - that's Alexander Hamilton and George Washington.
Of the greatest pertinence to the Europeans is that while Russia has no interest and has never expressed the slightest interest in invading Europe, were America to refocus on its sphere of influence, does this mean that America will leave Russia to fill the vacuum and have its own sphere of influence in Europe?
The cure for over-financialisation is re-industrialisation. That’s a long, painful process - we should be skeptical as Empires don't pull it off, they can't, probably because it's only now that modern scholars have come to understand what's been going on throughout history. Anyway, Trump hasn’t had much success so far, whether in rebuilding manufacturing or exiting Ukraine and West Asia - obviously reorienting the world's number one economy with change on this scale takes a little time. But getting rid of Mandelson and weakening Starmer is another small step and a blow to the globalist faction, so it marginally improves America's fight back against the City of London and Trump's chances of actually achieving something in his second term and as certain hope being reelected "for a third time" .
REFERENCES
"Conspiracy theorists are mocked for claiming that the world is run by a vastly wealthy, arrogant global elite who despise ordinary people, believe themselves above the law and pretend to care about society while pursuing a greedy, borderless and depraved agenda of their own. Peter Mandelson has done us the courtesy of proving that this is no theory at all."
https://www.telegraph.co.uk/news/2026/02/03/i-knew-peter-mandelson-was-rotten/
https://youtu.be/KC4NMqLdmO8?si=x0S5Q1VU2kpTWWCa
http://www.livingintheair.org/2026/02/whats-behind-epstein-mandelson-and.html
Mark Carney's Speech At Davos 2006 In Full
GLOSSARY
Bond Market - The market where governments and corporations borrow money by issuing bonds (loan contracts); in practice it sets the true cost of capital for the system and disciplines states through interest rates rather than democratic choice.
Bretton Woods (1944) - The post-war international monetary system that established the US dollar as the world’s reserve currency and tied global trade to American financial power.
British Empire - A (historical?) global power centred on Britain whose economic model of free trade, market opening, and extraction underpins the modern financial empire.
City of London - London’s financial district and a global hub for banking, currency trading, and capital flows, a core node of the globalist system.
Debt monetisation - this is when the state effectively pays its bills by creating money. Government debt (bonds) is issued, then absorbed (bought) by the Central Bank, which prints digitally new currency to buy it. The result is that deficits no longer face real constraints. Spending continues, but purchasing power is diluted over time through inflation rather than taxed openly.
Epstein Files / Three Million Document Dump - The large-scale release of official documents related to Jeffrey Epstein, seen in the article as triggering political and institutional fallout.
Eurasian “Heartland” - A geopolitical concept referring to the interior of Europe and Asia, regarded as strategically decisive in global power struggles.
Exorbitant Privilege - The advantage enjoyed by the United States from issuing the world’s reserve currency, allowing it to print and monetise debt, and thus run persistent deficits without immediate penalty.
Financial dominance - this is when control over money, credit, and payment systems replaces manufacturing and production as the main source of national power. States with financial dominance shape outcomes by issuing reserve currencies, setting funding conditions, weaponising sanctions, and pulling global capital into their markets rather than by producing real goods.
Free Trade - The policy of reducing or removing barriers to international trade, a mechanism in practical terms for market expansion rather than mutual benefit.
Gold Standard (Dropped 1971) - The monetary system in which currencies were convertible into gold. Any expansion of the money supply has to be justified by an increase in gold reserves or by a fixed relationship to gold. Abandoned by the United States, enabling fiat money expansion, debt monetisation and financial dominance.
Globalist Project - The political and economic agenda promoting global market integration, capital mobility, and the weakening of national economic sovereignty.
House of Lords - The upper chamber of the UK Parliament, referenced as the institutional setting in which Mandelson operated.
Hyper-Financialisation - An economic condition in which finance, debt, and speculation dominate over manufacturing and productive activity.
Jeffrey Epstein - An American financier and convicted sex offender whose connections and records form a central catalyst in the article’s argument.
Keynes’ Bancor Proposal - John Maynard Keynes’s post-war proposal for a neutral global settlement currency, rejected in favour of dollar dominance.
Mackinder (1904) - Reference to Halford Mackinder’s geopolitical theory arguing that control of the Eurasian Heartland determines global power.
Maritime Trade Routes - Sea-based transport corridors essential to global commerce and historically central to imperial and free-trade strategies.
Monroe Doctrine (Early 19th Century) - A foundational US foreign policy asserting American primacy in the Western Hemisphere and resistance to European intervention.
Outsourcing - The relocation of manufacturing or services to lower-cost countries, contributing to industrial decline in advanced economies.
Re-Industrialisation - The strategy of rebuilding domestic manufacturing capacity, presented as the remedy to financialisation.
Repo Market (Repurchase Agreement Market) - A short-term funding market where institutions borrow cash by temporarily selling high-quality bonds; it forms the core plumbing of the financial system and requires central bank intervention when stressed.
Reserve Currency - A currency held by governments and institutions for international trade and reserves, referring in the article to the US dollar.
Starmer - Sir Keir Starmer, (ex?) leader of the UK Labour Party, referenced in the context of political alignment and power struggles.
Triffin’s Dilemma (1963) - The structural conflict faced by a country issuing the global reserve currency, where domestic stability clashes with global liquidity demands.
Ukraine Conflict - The war involving Russia and Ukraine, cited as an example of US strategic overreach beyond its historical geopolitical logic.
WTO (World Trade Organization) - The international body governing global trade rules; China’s admission is identified as a turning point in global economic imbalance.
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