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The Next Phase In The Financial Crisis Is Coming


Left: Stooge du jour, Jerome Powell.

The Fed is likely to start tapering, monetary tightening, because of rising prices. Meanwhile, Commercial Banking is limiting lending. Conveniently, cyber attacks are now taking place.

By Anthony Migchels, for HenryMakow.com

Talk about Fed tapering started last week, and just now it was reported that ‘there’s growing support within the Fed to announce the tapering of bond purchases in September’. Kaplan, one of the Fed’s key kingpins, a little later, was saying October.

The story is that prices are rising faster than expected, and that the job market is overheating.

However, while prices are indeed rising, the other economic facts on the ground are very different: labor force participation rates are still well below the levels of before the Lockdown. Not only that, last week it was reported that US consumer confidence cratered to the lowest level in 10 years.

The Biden Administration will be running a $3 Trillion deficit this year. That’s 14% of 2019 GDP. US Government debt has risen from $22,6 Trillion in 2019, to $28,7 Trillion now, in just two years. They’re selling this as ‘cuz covid’, but the real reason is that the Government is playing ‘debtor of last resort’, in a desperate bid to keep the economy liquid. However, these numbers are not merely ‘unsustainable’, they’re end game.

Equally bad is this:

Afbeelding
Index showing how easy it is to get a mortgage

This graph shows how easy it is to get a mortgage. Mortgages represent the by far biggest type of credit to private individuals. This has been ongoing for three quarters already, and now home builder confidence is cratering too, as a result of less people looking for a house.

This is not exactly unprecedented, but previously the Fed had been around to bail out both the Banks, and the real economy with additional liquidity. And these days are now over.

The fact of the matter is, that the Fed are forced to concede. They cannot continue bailing out both the Banks and the real economy. Not without creating a hyper inflation.

That is the key event that is now taking place.

What’s next?!
A crash of financial markets is unavoidable. However, the crash will be sold with a ‘reset’ of the Financial System. This will involve not bail outs, but bail ins: creditors, shareholders, and depositors will be made to pay.

All signs indicate they will claim ‘cyber attacks’ did it. Jerome Powell, only a few months ago, said that ‘cyber attacks are the main threat to the financial system.’ It could well be that we will have bank holidays in Western countries, while these bail ins take place. Perhaps also in the US.

Crucially, we’re not just talking ‘a correction’. Also not a mere ‘1987 type crash’. We’re talking bank defaults. And not of small banks, but of the very biggest. It has already happened: the crash in the repo market in September 2019 implied that the big banks didn’t trust each other’s collateral. The $4 Trillion bailout that the banks got in the weekend we were locked up, mid March 2020, gave them a respite. But nothing real has been solved. Wall Street’s derivative bubble is bursting, together with the debt bubble.

November last year, the World Economic Forum ran an exercise involving such an event, caused by ‘nation states and criminal cartels’. They predicted that the Big Wall Street Banks would ‘have to merge to fend of the attack’. ‘To merge’ is Newspeak for ‘we’re bankrupt’.

Wall Street’s problem is that they are on the hook for all the debt via the derivative trade (credit default swaps). And now people can’t pay anymore. This basically is the scenario that we predicted in 2014. This is how the US Empire ends.

The WEF also predicted that Russia would install a Central Bank Digital Currency of its own, and disconnect from Western Finance. In the years ahead, private banking will come to an end, as they all go bankrupt. They won’t be able to sustain the payment system, and everywhere CBDCs will be taking over. These will ultimately merge into World Currency, when World Government is officially installed. This is how all money and credit will be ‘nationalized’ in the World Central Bank, just as the Communist Manifesto demands.

Conveniently, cyber attacks have been on the rise the last few months. A German municipality was struck, and couldn’t pay its bills, nor sustain many of its basic operations. The Irish Health Service was hit. And they’re escalating. Last week, Zion was ‘attacked by China’.

Everything bad ‘comes from China’ now. They’re the big bogey man, because the NWO is whipping up a Cold War between the US and them, one that is likely to end in WW3. But of course, China was built up A to Z by Wall Street, and no, they didn’t ‘launch the virus’, nor do they have any enmity towards Zion. They’re already running Haifa, in a 20 year contract, connecting it to the Belt and Road Initiative. Jerusalem too is going to be a major hub. It was just an exercise for things to come.

What is coming is much worse than ‘just another correction’, or ‘recession’. This is the end of an era, of money growth. We’re now facing a monstrous deflation, which will be the cause of the Greatest Depression.

The Greatest Depression will be much worse than the Great Depression. In that deflation, the money supply shrank with two thirds between late 1929 and 1933. It was bad, but it was not genocidal.

We’re now nearing the event that Deagel claimed would lead to massive depopulation in the West. Their numbers are based not on ‘vaccinations’, dangerous as they are, but on the financial calamity that we’re in the middle of, and which is coming to a culmination.

Look at it this way: we’ve had 76 years of monetary expansion, basically the post war boom. Especially since the closing of the Gold Window by Nixon, which is actually exactly 50 years ago. And it is this expansion and associated economic growth that is going to be turned around.

Conclusion
The Fed has lost, as it was always going to. This is the Petrodollar’s swan song. They can’t continue providing the economy with the liquidity that it can’t provide for itself, because of already far too high debt levels.

And while the debt bubble deflates, which is catastrophic enough, we will be dealing with rising prices at the same time. Especially for food and basic necessities. The Dollar will lose a lot of value vis a vis China in the years ahead, and this will lead to much higher prices for imports from there, also for energy. Lockdowns and other contrived chaos will keep pushing prices higher.

So for us debt slaves, it will be stagflation. The most toxic of all monetary diseases. Stagflation is when the money supply declines (deflation), with the real economy in tatters, while prices rise because of speculation, or other scarcity inducing circumstances.

All this is very hard to swallow. But it is not for nothing that the Lockdown started when they gave the Bank $4 Trillion. The Financial System is the heart of Babylon, and the debt bubble that they have been blowing the last 50 years, and its coming deflation will be their greatest feat. The culmination of 500 years of Usury during Modernity.

It will destroy the West, and its demise will pave the way for the now manifesting World Government.

Afterthought: I previously stated it would happen this Summer. Could still be, we have a month left, but the fact is, while we can see what is happening, only God and the Bankers know when.

Related:
What The Great Reset Is About (Video)
The World Crisis = The Financial Crisis
The New Gold Standard IS The Great Reset!
The Return Of The Financial Crisis September 2019

A Crucial Lesson Of History: Why Do We Have Usury?

John Calvin by Titian

(Left/Above: John Calvin, Prophet of the Money Changers)

Usury was forbidden in Europe, during the Medieval Era. But there was no mechanism to provide interest-free credit. As a result, there was credit scarcity. This was a very real problem, hindering economic expansion. And this was the rationale for letting the Money Lenders back in.

1500 Europe was a burgeoning Civilization, that was seeing growing urbanization and specialization in the economy.

Because of Usury prohibition, there was no Banking. There was an economy based on the understanding that men share the common fate of having to wrest a living from the Earth, and that brotherly love, and not money grabbing, was the basis of the economy.

It’s hard to even fathom such enlightenment now, and certainly things will not have been all roses. But this was how they thought and operated.

However, the economy was stalling because of a bottleneck: there was insufficient credit.

The key problem was that the Powers that Be, the Aristocracy and the Church, were not developing interest-free lending. What should have been done is organizing collective savings, and using those for both mutual credit, and mutual guarantees.

It could have been done, but the rich and powerful are typically not too concerned with the needs of the masses, and usually see them as a herd to be exploited, and this was definitely ongoing in Europe at the time too.

Be that as it may, the key economic issue is that businesses needed credit for further expansion, and it was hard to come by. And this was stifling economic development.

And this, then, was the key rationale for ‘rational’ people saying that Usury must again be permitted, to entice the rich to lend.

Francis Bacon

Francis Bacon, arguably the most influential man of the 16th century, wrote a screed ‘Of Usury‘ in which he put it bluntly:
“since there must be borrowing and lending, and men are so hard of heart as they will not lend freely, usury must be permitted.”

In this quote, we can clearly see the need for credit, and that apparently lending was insufficient. He points at the ‘hard hearts of men’, which is a direct reference to Jesus’ famous parable of the Talents, in which He tells the wicked servant something to the effect of ‘if you really thought I was that hard of heart, you should have put the money in to a bank to collect interest for me’. (Matthew 25:26-27).

Men will not lend without interest. At any rate, the rich, who have the money, won’t.

Again, this problem could have been solved in other ways, even at the time, but this was the direction the debate in society was taking. And make no mistake, this debate was heavily manipulated by the money lenders behind the scenes, Michael Hoffman extensively documented this in his ‘Usury In Christendom’.

Francis Bacon himself obviously was a highly connected Rosicrucian and Freemason. He was definitely doing the work of the secret societies.

John Calvin
Another notorious 16th century enabler of Usury is John Calvin.

Calvin was famous for his scriptural expertise, and to this day Calvinists and Presbyterians use the motto ‘sole scriptura’.

And John Calvin concluded, in a letter to a friend: “I do not consider that usury is wholly forbidden among us, except it be repugnant to justice and charity.”

He apparently overlooked Deuteronomy 23:19:
Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury“.

So Calvin was just lying. Of course, the Scriptures radiate an absolute disgust of Usury in general. Peter, in an apocryphal book, said that he saw the Usurers in Hell, thrown into boiling mire and filth. At the link you can find dozens of other Bible verses directed against Usury.

By the Bankster con job known as ‘Modern Economics‘, Calvin is credited thusly:
But his real contribution was going further and demolishing the old Scholastic arguments about the unnaturalness of “money begetting money”, by emphasizing the relationship of credit to economic activity.  “Why should the lender be cheated of his just due, if the money profits the other man, and he be the richer of the two?”

“Here Calvin states that usury is permissible, but only on commercial loans, and subject to additional conditions, notably, that it never be demanded of the poor & needy”

Note that Calvin is emphasizing commercial credit, which is exactly the problem we’re discussing: credit was needed for further economic development.

Also note that Calvin says Usury must not be demanded of the poor, only commercial loans. But in doing so, he ‘overlooks’ that when businesses borrow at interest, they will have to pass on these costs to the consumers, who ultimately pay for everything. And these consumers would have been the peasants.

As we know, today 40% of prices is Usury passed on by producers.

It’s hard to overstate Calvin’s influence on the rise of Banking and Capitalism during Modernity. The Amsterdam Empire was controlled by hard core Calvinists. London, which was the successor base of International Finance after the Cromwell and Glorious Revolutions in the 17th century, was Presbyterian.

The United States’ brand of Christianity has always been a mix of Dutch and British Calvinism. And these three Nations are the main culprits in the Capitalist take over of the West and the World.

Having said all this, and as Hoffman also indicates: we cannot blame Usury on Calvin alone. The Vatican had already been taken over by the Medici in the 14th/15th century, which is why Usury came back in Italy with their blessing.

Debt-free money
Classical American Populism has always promoted debt-free money. Which would indeed be much better than what we have now. It would solve the National Debt.

But not the need for commercial credit.

The issue at hand is: debt free money does not provide interest-free credit, while credit will still be needed. The Populists deny this, and say that with plentiful money, there will be no need for loans. But there was plentiful money in Medieval Europe. There was no money scarcity, there was credit scarcity. Usury is a function of credit, not money. But it will overtake money, if allowed. If anything, Modernity has shown that.

Only after the Usurers got back on the saddle, did money scarcity come to Europe. Usury is a key driver of money scarcity.

Conclusion
It’s a vital and crucial lesson: Usury Prohibition failed because it was not combined with the provision of interest-free credit. As a result there was credit scarcity in the economy, and this was used as the excuse to let the Money Changers back in.

Usury prohibition is not enough: interest-free credit is needed, or there will be bottlenecks in economic development.

It will help to have the Government print debt free money, but there will still be a need for credit in the economy, and debt cannot be entirely avoided. Especially in industry and commerce.

And there is no need to entirely avoid it, because we can simply create all the credit we need in the same way banks do today, but without the Usury.

The solution to interest on loans of money is not to end credit, but to have no interest on loans of money.

Related:
Capitalism Is Jewish Usury
Rationalizing Usury: the Time Value Hoax
The Difference Between Debt Free Money and Interest Free Credit
How Usury Encloses The Commons
Cause and Effects of Money Scarcity
More on Mutual Credit

What The Great Reset Is About (Video)


This is a discussion of the debt, and the end of the growth of debt, which is what will cause the Greatest Depression.

Again: it’s all in the articles, but many people prefer spoken explanation, so here it is.

https://www.youtube.com/watch?v=7tap5azw56Y&t=644s

Miscellaneous


In the first place, I owe an apology to Keith Woods for only posting this enjoyable conversation now.

Keith’s doing a great job. Connecting loads of young guys to the real Populist Tradition, away from the kosher variants that parade as ‘the opposition’ everywhere. And which obviously very much centers around ‘The Third Way’, which simply is the Path.

Away from Capitalism, from Usury, from exploitation by Capital, International Finance, the parasitism of the rich. And which is not solved with Communism, which simply consolidates the Capitalist Cartel in the State. But by monetary and land reform, aimed at decentralized ownership by the producing men. The end of parasitism.

He’s here on Twitter, and this is the video of the interview.

https://www.youtube.com/watch?v=toft6H11-a0


Israel Caused The Bronze Age Collapse
I’ve been making videos about the astounding realization that the Canaanite Conquest as described in the first six books of the Bible is in fact the Bronze Age Collapse.
And that therefore suddenly the Torah, and Joshua, have been validated by what we know from the Mainstream account.

Obviously, the fact that the Canaanite Conquest for the longest time could not be validated by mainstream history, has been a huge problem for the credibility of the Bible. And the fact that we can safely conclude that Israel was indeed behind the Bronze Age Collapse, is a major discovery.

The videos simply discuss what we did in the articles, they’re merely aimed at spreading the word.
They can be found at this channel on Youtube:

https://www.youtube.com/channel/UC2JecwZUYWZxh3shTsd5k_w

I’ve also created a page on the right of the website, listing the articles.

And also for the articles about the Financial Crisis that is so fundamental to the World Crisis.

A few more points about the World Financial Crisis
While the basic event description for what is coming as espoused in the last few articles, that growth of debt is going to be forcibly stopped soon, and that they will use some sort of Gold Standard to cause a mega deleveraging and that that will bring at least a Soviet style collapse in the West is correct for as far as I can tell, I’ve also been pointing at this Summer for key events.

Basel 3 will be implemented in late June, but it’s going to be in Europe, and in Britain only January 1st 2022. Here’s some analysis on what it will mean for the UK. In short: apparently it is going to destroy the LBMA as we know it.

The Fed itself is now saying that stocks are overvalued, and that significant losses are coming if they go higher.

Here is some ‘technical analysis’ by ZeroHedge. He sees a correction coming. Keep in mind I’m not posting this as ‘investment advice’ (God forbid), but as your daily news on Babylon’s antics.

Another issue is Trump. He recently said: “I’ll be back sooner than you think.” And an NYT journalist has been saying that he was telling people around him “in August.”

This is not about ‘hopium’, or even whether it’s true. Could be just another Trumpster bluff. He is their man, but it’s about the show. Under normal circumstances it would be pretty unbelievable, but what we’re witnessing is a carefully choreographed political ‘danse macabre’, designed to frame, and distract from the disastrous decline of America and the Financial Crisis and associated blatant plunder. Not to mention the mass disownment that is coming.

The World Crisis is about the death of the West, and the ascent of the World Government, and they’ve got it worked out A to Z.

Having said all this: it’s always impossible to get the timing right. We see the trends, and it’s clear that things are moving quickly now, and the main purpose of the previous articles is to provide the financial context of it all. I have no claim to any spiritual vision whatsoever, but whether it’s going to be August, October, or mid next year is ultimately immaterial. What is real is the Financial Crisis, and that it’s going to lead to the changes as discussed, and that the Greatest Depression is coming very quickly now.

And my bet continues to be that it’ll be sooner rather than later.







The World Crisis = The Financial Crisis


Left: We went back to sleep. And now we will pay.

The World Crisis started September 2019, with the restart of Quantitative Easing by the Fed. It signaled the return of the 2008 Credit Crunch. Nothing was solved in 2008, only postponed, and now we face a Reckoning that can only be compared to the Fall of Rome, or even better: the Bronze Age Collapse.

Babylon is Usury. The Financial System. The (Central) Banks. They rule, not ‘politicians’. The World Financial Crisis, the coming Gold Standard, and the destruction of America and the West it will bring, are the final stepping stone to their World Conquest.

By Anthony Migchels, for HenryMakow.com

In September 2008, during the Lehman Collapse, Hank Paulson went to Congress and demanded a closed door meeting. He told them: “you must give us $700 Billion, or the financial system will melt down, no more money will come out of ATMs, people won’t be able to pay their bills, and we will face an armed revolt in a week.”

He got the money. The package was known as the Troubled Asset Relief Program (TARP).

He later admitted he and his staff had had no idea how much money they were going to need. They just thought up a number that sounded really big. To imprint the gravity of the situation on Congress, and to make sure they were not going to be short.

The popular resentment in the US and the West was immense. Filthy rich banker scum, who had been enriching themselves to the max during the ‘boom’, were receiving hundreds of billions for their bets going south, while they were evicting people with their houses under water by the millions.

It led to Occupy Wall Street, the movement of the have nots against the parasites. While not perfect, they were definitely at least a huge embarrassment to the Powers That Be.

Their challenge was solved by having the Banker Media ratchet up their ‘racism’ hate mongering against whites. Occupy was accused of being ‘too white’ and ‘not inclusive’. The word ‘racism’ started exploding in the Media and on the Web. It has been with us ever since.

Suddenly, white wage- and interest-slaves fighting Capitalism were ‘privileged’.

Combined with the apparent return to ‘normality’ with Fed money printing, things seemingly calmed down again. The media and the Government started babbling about ‘green shoots’ and ‘economic growth’, but nothing was solved.

Also not under Trump, by the way, notwithstanding his nonsense about ‘the best economy ever’.

How do we know nothing was solved?
It’s really very simple: we’ve had (close to) 0% interest rates for 12 years between 2008 and 2021. Under Capitalism there is no ‘economic growth’ with 0% interest rates. There is only massive monetary stimulus avoiding an immediate rout.

When there is economic growth, interest rates sit at 6, 8, 10%.

The return of the Crunch was caused by the Fed when they started tapering in 2017, and raising rates ever so slightly to 2%. It immediately led to a deflationary shock, which was the reason they restarted QE in September 2019.

Fast forward to 2019
In September 2019, the Banks ‘suddenly’ (rest assured that the Fed and the Government knew quite well it was coming) stopped lending to each other. They were all bankrupt, and didn’t trust each others’ busted collateral anymore.

The Fed started providing them with day to day loans, to avoid them all having to go in receivership. They also started buying up Treasuries, both to keep real interest rates low, and because nobody else wanted Treasuries at 0% rates.

Because they knew that this was not going to go down well, they started a big circus simultaneously: the ‘Impeachment’. While they were printing trillions, robbing the People and enriching the wealthy, they gave us poor old Donald and how unfairly he was being treated to fret about.

Then, on the first working day of 2020, the Fed had to report on what they had been up to on the repo market. By that stage, they had already supplied $6 Trillion worth of day to day loans to the Banks and other institutions. And such a thing might have led to questions.

So they executed Soleimani. Making sure that everybody was in shock, and busy fearing a war with Iran.

Loans on the repo market were ‘only’ $75 billion per day when they started, but things kept deteriorating, and by March 2020, they were already doling out a Trillion per DAY!

Please read that again:
The Fed had to lend them $1 TRILLION per DAY, to keep them liquid and solvent.

Something structural had to be done.

And so they decided they were going to allow the ‘financial institutions’ to clean up their balance sheets, by buying their busted junk at nominal value in a Fed asset purchasing program.

$4 Trillion worth.

That’s six times Hank Paulson’s $700 billion TARP program. The program that led to Occupy.

And it was clear that it was going to infuriate the People. So they decided to pre-empt social unrest and resistance, by locking everybody up, while scaring them to death with a spooky ‘invisible enemy’.

The Lockdown destroyed the First Amendment (Freedom of Assembly), and Americans were forbidden to come together en masse for a year, and still are in California and some other States. Europe still forbids most gatherings.

For good measure, they revamped the ‘racism’ distraction that had worked so well to do away with Occupy. Hence the BLM riots

And it worked. There has been zero resistance or public out cry against the bailouts. Most people think they were ‘necessary’ to ‘manage the economic effects of the Lockdown’.

Their success has been total. Even now, only a handful of people realize what’s happening.

How do we know that the Lockdown was aimed against social unrest?

Harry Vox predicted it splendidly in 2014 (!), after analyzing the Rockefeller Lockstep scenario. My apologies to my readers, I don’t like repeating stuff too much, but this is vital.

Harry Vox read Lockstep, and next witnessed: “If there is ever going to be social unrest in the United States, there will be an Ebola Outbreak.”

That’s what he concluded and said. The Lockstep scenario never had anything to do with any ‘virus’ or any ‘pandemic’, both of which never existed, other than in the Media fed popular imagination.

It has always been about locking people up and acquiring a tool for an insane Tyranny against any popular uprising.

Here is the video (again):

God knows how we in the Patriot movement, managed to miss his prediction. For decades we’ve been fearing Martial Law, and when they install it, we’re all (well, a great many) happy they do. Even when warned years in advance.

Conclusion
This truly is the NWO Endgame. For always the People have been blind to the Omnipotence of the Bank. It’s uncanny, how all this can happen without people even realizing it. But it’s the Bank that is behind the coming World Government.

The New Gold Standard will create the Greatest Depression, and to forestall resistance, we will have Plandemics and Medical Tyranny. And much more.

Because things will be crazy. They’ll keep us very busy. Politicians and the Media will be talking about a million things, but not about the immediate need for interest-free credit to alleviate the terrible suffering the deleveraging is going to bring.

Ultimately, the demise of the West, and ‘the need’ to ‘solve’ ‘global problems with global solutions’ will lead to World Government.

Within five to ten years.

Related:
The Crunch Is Back, There’s Going To Be A Gold Standard, And It Will Be Disastrous
NWO Magick: A Faux Pandemic And A Very Real Financial Collapse
The Petrodollar Is Dead! Long Live The IMF World Reserve Currency!
The New Gold Standard IS The Great Reset!
Occupy Wall Street And Marie Antoinette

Here’s a video discussing the issues described in the last few articles about the Crunch. It’s longish, reading the articles is quicker, but some people prefer listening.

https://www.youtube.com/watch?v=TYLtYrxSQa0

Do Not Take Usury! Do Not Speculate! Produce And Add To The Greater Whole!


Left: Girolamo Savonarola. They hanged him for resisting the Medici and the utterly corrupt Vatican, which they controlled.

In these latter days of the West and the American Empire, and the rise of the New Gold Standard, all the money grabbing looks more disgusting than ever. And we can’t even just blame the Bankers. Especially America has been obsessed with ‘the Stock Market’, and more recently ‘Bitcoin’.

But it’s a fool’s game. Not only are Usury and Speculation purely parasitical, taking without giving back, it’s a racket that by definition always will be won by the guys with the most money. It’s their plunder that will soon get consolidated in their World State.

Jeff Berwick recently posted this video:

The purpose of the below is not to pick a fight with Berwick, he gets a lot of things right, of course.

But the vid is indicative of the key sickness that is pervading the Patriot movement to this day: Love of Capitalism, and its unearned income. Its parasitism. The Usury, the Speculation, the Landlordism.

And Libertarianism/Austrian Economics. For years we’ve been waging war against it and its wicked Gold buggery and now, we’re just weeks away from the implementation of Basel III, which will end Gold Suppression and set the stage for the Gold Standard that is coming.

Berwick takes a dig at all the lies that the System has been feeding us, and he even promotes the Flat Earth. We’re not going to go into that. While fascinating, these things are not completely vital for our survival, as money is.

But lo and behold, Berwick laughs at ‘fiat money’, and promotes Ed Griffin’s nonsensical rip off of Eustace Mullins’ very important and ground breaking ‘Secrets Of The Federal Reserve’ book.

Ed Griffin is basically an ‘American treasure’, and he’s been ‘exposing Communism’ since the sixties or longer. The pic above is of this famous documentary.

But the fact of the matter is, that Griffin wrote ‘the creature of Jekyll Island’. Obscuring Mullins’ underground classic, which was written under the tutelage of the great Ezra Pound.

This is the 2012 article in which we exposed this treacherous book.

And now, the Gold Standard is coming, and it is actually being eagerly anticipated by many Patriots in America. But it’s going to play out exactly as we have predicted in the previous article: it’s going to be genocidal, and destroy what remains of America and the West.

The Greatest Depression is going to set the stage for the coming World Government, which is now only between five and ten years away.

And Ed Griffin, not to mention the rest of the Austrian scene, has a lot of explaining to do. Even after getting faced with the facts, (here also) he did not mend his ways. He kept promoting Gold, and in doing so, he has done as much to further the coming Communist World State as all the ‘progressives’. All the while playing the great ‘anti collectivist’.

Back in 2012, 2014, it was all just good fun. An intellectual debate. Or so it seemed. But as it is turning out now, it was all very real indeed.

Degeneracy
The Right likes to complain about ‘degeneracy’. With this they mean the feminism, the migration, the trannyism.

But the greatest degeneracy is ‘making money with money’. Which is all about avoiding our duty to create a living for ourselves and our families with work. Men must till the soil. Practice their craft. Create goods and services for others, so that the women and children and the elderly may eat.

And under Capitalism producing stuff is for suckers. The ‘smart’ people work for banks and hedge funds, or play the landlord. Or buy bitcoin. The ‘smart people’ ‘make money with money’. In other words: they’re parasites. Walking away with their loot, without having ever produced anything of any value to anybody.

It’s Usury that finances all the skullduggery that we hate and rightly call ‘degeneracy’. Bankers finance all that to distract from their horrid plunder.

They’ve been doing this since the old days. When Usury restarted in post medieval Europe, in Italy, the Medici family started promoting porn.

It looked like this:

The Birth Of Venus, Botticelli

Nowadays this painting, ‘The Birth Of Venus’ by Botticelli, is viewed as a ‘great classic’, but when Florence started pushing back against the Medici and their Usury under the great Savonarola, Botticelli admitted his mistake, and recanted.

The fact of the matter is, Capitalism is the Revolutionary Force that inexorably leads to Communism. For two reasons.

In the first place, because it automatically centralizes all wealth. Under Usury, he with the most money, will enjoy the highest income. Most of the $12 Trillion we pay in Usury per year ends up with the richest few thousand families in the World, the old Plutocratic Families that are behind the New World Order.

And that is not counting associated income: speculation, ‘investing’ (buying up all corporations, land), Landlordism. Almost all production these days, created with the sweat of the toiling masses, is being sucked up with these devices.

Up to 90% of the production of the common man.

The second reason is that Communism next expertly uses the resentment the interest and wage slavery causes.

It’s already palpable: The Lockdown has much support from the bottom 50% of society. They’re happy to get a few bob to stay home. Or to be able to work from home. The ‘old normal’ sucked majorly for a great many people, and they’re going to take that Basic Income in a heart beat. And they’re going to be happy to see the middle classes burn.

‘Religion’
All the hip people these days are of course atheists, and thus firm believers of the Scientism Religion.

We’re so profoundly programmed with this heinous nonsense, that even in the Truth Movement still many have difficulty facing that God obviously is quite real indeed. In fact, He is the only thing that is Real, all the Spirit’s ten thousand manifestations are mere shadows of the One that creates all and everything.

This is not ‘religion’, this is Reality. Observable Reality. Once you know the Spirit, it’s not about ‘belief’ anymore. It’s just a matter of fact.

If you cannot relate to this, then start searching. This is what Jesus had in mind when He said ‘Seek, and ye shall find’. If you can’t handle Christianity, which is understandable, then read the Dao De Jing. Start meditating. It worked for me, and for many others. And be warned, because the opposite is also true: “Do not seek, and ye shall not find.”

We all suffer from it. Men can’t bear their duty of obeying God, just as women can’t stand their duty of obeying their husbands.

But America is the last country in the West where God gets at least some respect. And they have still utterly betrayed Him. With their condoning of Capitalism. Usury.

And the fact of the matter is: he who takes Usury is at war with God. He who speculates will, when the Day comes, and it is coming quite quickly now, stand accused of ‘having the spoils of the poor in their houses’ (Isaiah 3:14).

And of course, it’s not just the Bible either. The Qur’an is similarly outspoken. As are the Vedic texts.

The Islamic texts predict that in the Final Days, the World will be awash in Usury, and that nobody will be able to escape it. The Bible also explicitly predicts that a disobedient People will fall into debt slavery.

And who can doubt that all this has come true?

With a $250 Trillion debt bubble, costing $12 Trillion per year to service? While this Debt is their asset position, the asset position that is the foundation of the Communist World Government that is now only years away?

The Usurers’ domination is so total, that the Debt and Usury are complete non-items, while they totally dominate everyone’s lives! We don’t even realize it!

Conclusion
It’s never too late get real. Never too late to repent and mend our ways. Better late than never.

To pretend that God is dead, that Capitalism is ‘good’, and that ‘only’ Communism is bad, that Usury and Speculation are bad when Bankers do it, but good when ‘normal guys’ like ourselves do it, that is what has gotten us where we are now.

The now manifesting World Government is Mammon’s Empire, and we all share in its wicked sins. With its social degeneracy, but above all its love of money.

In the coming years, Karma is going to be immediate and crushing. But forgiveness is real, and repentance its unavoidable, but minor prerequisite.

This is a warning from a friend: cease taking Usury and other unearned income, or prepare to pay the price.

No man can avoid the curse that he will eat with the sweat of toil on his brow.

Related:
The Scourge Of Usury
Who Is Ed Griffin?
Ed Griffin Admits The Bankers Own All The Gold And That Usury Is The Issue
From Chattel Slavery To Capitalism

How The Bank Bought Everything Up And How We’re Going To Buy It All Back


Left: John Kenneth Galbraith, who said that “the process by which money is created is so simply that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent.”

Double entry bookkeeping, less accurately also known as ‘fractional reserve banking’, is how Banks create money. We have $250 Trillion in debt outstanding to a bunch of total idiots, who have created all the credit and money with the flick of a pen.

The Good News is: if they can do it, so can we.

Here’s how it works.

https://www.youtube.com/watch?v=qrgw8fpfZLA

You’ll have to forgive the poor quality of the video production, but the message is clear as it gets. Also, I can’t embed videos anymore, WordPress demands me taking some sort of deal, and Dutch stinginess has prevented me from giving in.

This is how easy it is to create a credit based money supply, be it usurious, or interest-free. This is all there is to it.

And this also makes all discussion superfluous.

Since we can create all the credit we need at close to zero cost in a simple database, it’s obvious that we should do just that.

Why pay $12 Trillion per year in Usury to a really small number of parasites, while we can create all the money we need for a minute fraction of that gargantuan sum of money?

No morality is needed. No deep historic and economic analysis. No debate.

The only question Humanity has to answer is: ‘0% or 5%. Take your pick.’

And by having allowed this mess to get so out of hand, with the Bankers ready to consolidate the debt in a World State, the question has become acute. One of sheer survival.

The Way Forward During The Greatest Depression
Populists, monetary reformers, Christians, Muslims, normal people, they must know the basics: that money rules, that Power is with the Financial System, and that that is the enemy, and Usury the cancer we must rid ourselves from.

And that we need credit, as human beings in advanced economies. There is no shame in that! There is shame in taking Usury! The Usurer has no ‘rights’ whatsoever, and our right, and indeed destiny, is Usury free living. Interest-free credit.

We have the knowledge, we have the tools. On a national level, we must demand it, and we must settle for nothing less.

And we’re not waiting for ‘politics’. At all. We can create these currencies as private players. We must, because we all know nobody is going to within the State apparatus. They’ll be too busy evicting everybody getting bankrupted by the Gold induced deleveraging that is coming.

Having said that: improvement of current proposals remains as necessary as it was in 2010, when we started discussing these things.

Current complementary currencies still lack the ambition, the scope, and very much the monetary architecture necessary to create really high end, ultra cheap, super effective types of money.

It’s all good and nice to create ‘local currencies’, but often their purpose is to be nice and green and local, or God forbid, ‘sustainable’. Instead of seriously attacking wholesale interest, debt, and wage slavery.

The purpose is not ‘local’ money, but interest-free money, and that’s why it’s also important to have sufficient scope for the currency, because it needs wide circulation before a lot of credit can be allocated, this is vital.

The goal of monetary reform is to first lessen the damage of, and ultimately entirely do away with Banking. To completely reclaim money and credit for the Commons. To destroy all ‘cost for capital’, which is just a free lunch for snakes. It has nothing to do with ‘social cohesion’, and ‘the environment’. These are just nice to haves that are automatic in a decent economy.

Blockchain can be used for such currencies, and indeed, there have been interesting steps in the right direction out there. Very much so. But the technology is not central. As can be clearly seen in the video, it’s basically completely low tech. All you need is a simple database, and some software to manage transactions and everything involved in a credit and payment system. These software packages exist. They too need further development, but we’ve got a lot to work with.

Conclusion
Just do it.

Related:
The Goal of Monetary Reform
Concepts of the Gelre, or: What is ‘High Powered Working Capital’?

Mutual Credit, the Astonishingly Simple Truth about Money Creation
More on Mutual Credit
Mutual Credit for the 21st century: Convertibility

The New Gold Standard IS The Great Reset!


Left/Above: They’re all on the same team. They’re a Cult of Ba’al and Moloch worshipers. They’ve been working towards World Government since the end of the Bronze Age. A 3000 year old campaign is coming to its terrifying conclusion.

The Great Reset is about the ‘reset’ of the Financial System. The follow up of the debt bubble, which cannot grow any longer. The coming Gold Standard has always been the Banker Plan, and will create the Greatest Depression, which will destroy what’s left of the West.

By Anthony Migchels, for HenryMakow.com

Exposing the Gold Standard as the Banker Plan has always been a key purpose of this website.

This 2012 article, Phoenix Rising, The Return Of The Gold Standard, opens:
What has been in the cards for decades is now fully on the agenda: the returning Gold Standard. Gold as currency is a weapon. It is a wealth transfer to those holding Gold and will precipitate a massive deflation. The ensuing chaos will help usher in their coveted New World Order and World Currency.

And this is exactly where we stand now. The New Gold Standard is only weeks away. The debt cannot grow anymore, and it will be forcibly made to stop. They’re going to force a terrible deleveraging on the West, which is going to absolutely ravage living standards in the US, Europe, and Britain and its Dominions. The coming Depression is going to be genocidal, and will kill countless people, especially the old, and force many younger people to leave the West, looking for a semblance of a life.

What remains of the West will lie in ruins, and on the ashes, open World Government will come within five or ten years, likely preceded by the Greatest War.

Our Predicament
When we borrow $100k, the Bank creates $100k. The Money Supply grows with $100k. But the debt comes with interest, say with 5%, and next year, we’ll have to repay $105k. But how can $105k be repaid, when only $100k was created?

It can’t, and therefore there is eternal money scarcity in the System. The way this is solved in the current system is by having new people go into debt, and this has been the driver for eternal money growth since the War and Bretton Woods, and certainly since 1971, when Nixon closed the Gold Window, and money became fully ‘fiat’, in Austrian/Libertarian terms.

So money, and therefore debt, must grow about 8% per year. To finance economic growth, and interest payments on the debt. So the next question is, what does 8% per year look like, and it looks like this:

8% per year is exponential growth, and such growth starts slowly, then starts going more quickly, until it becomes really very steep, and we’re now in the latter stages. US Federal Debt is now almost 30 Trillion, and 8% of 30 Trillion is about 2,4 Trillion. The latest Biden budget has an $1,8 Trillion deficit, and Janet Yellen wants to borrow even more.

Again, this has nothing to do with Covid. It’s about keeping the Financial System sufficiently liquid.

But this is the real World, and US debt is now 130% of GDP, and you don’t get to play ‘the Hegemon’ with such debt, nor do you get to sustain deficits nearing 10% of GDP.

The problem in the Financial System is, that the real economy simply cannot support this growing debt anymore. It’s not even so much the debt, it’s the interest on the debt. Usury. Even today we could pay everything off with what we lose to debt service in 20 years. We’ve paid more in Usury over the last 25 years than we currently have debts outstanding.

So the real economy cannot take on more debt, but money must grow, and therefore it’s now the US Government that is playing ‘debtor of last resort’, that’s where the maniacal deficits of the last few years (it began already under Trump) come from.

This is why the Crunch came back in September 2019. The economy can simply not create enough debt/money anymore, and this is creating very strong deflationary pressures, and it’s against these deflationary pressures that the Fed’s money printing is directed.

In short: The West is broke. All the West. Europe is even worse off than the US. The Fed’s balance sheet is now somewhere between 25 and 30% of GDP. The ECB’s is a whopping 64%.

And this is what the Great Reset is all about: to end the growth of debt, and to force a genocidal deleveraging on the West.

The New Gold Standard
The difference between Gold and the current System is simple: under Gold they will just stop creating the money needed to finance interest payments and economic growth. But if money does not grow with 8% per year, we will have deflation of 8% per year. Only three years of it, and the economy will already be short 25% or so. And that is just the missing money growth. Debt will be so punishing (under deflation money and therefore debt becomes worth more in real terms), that people will be paying off everything they can, or default, or both. So that is going to make the deflation even much worse.

Call it hyper deflation, because that is what it is. And of course, as always, throughout history, they will sell it with fear mongering about ‘hyper inflation’, it’s just another Orwellianism.

It’s still quite difficult to get a firm handle on what the coming Gold Standard will look like. In China, one can easily see a Gold backed, and maybe even convertible Yuan coming. And that it will start surging ahead of the quickly fading Dollar very soon now. They have huge undisclosed reserves, anywhere between 20.000 and 30.000 Tons.

All bought up while the Fed was conveniently keeping prices low. This is how the Banking Cartel has been planning to migrate its main power base from the West to East.

A big story is that the BIS is implementing Basel 3 this month. The BIS previously ended the Nikkei bubble overnight, in 1989. Simply by raising capital reserve requirements for Banks. Japan never recovered, and the Nikkei is still 40% under its 1989 peak. Thirty years of deflation has ravaged society there, and fertility is disastrously low, while families are falling apart.

It’s always notoriously difficult to understand exactly what the Gnomes of Basel are up to, they always keep everything obscure with banker babble. But it seems that one implication will be that Gold derivatives can no longer be counted as assets on the balances of ‘financial institutions’.

This will de facto do away with Gold suppression through futures.

It’s an outright, lethal stab at the Fed and the Wall Street racket that has kept Gold prices low for decades. A quote from the Zero Hedge article:
“It will force a liquidation of those positions and end any fractional reserve leveraging of gold used to suppress the price. There will still be futures markets but the whole of the gold trade will collapse back to simply coordinating supplies of gold from producers to consumers through time, like any other commodity market. In effect, Basel III, if implemented in its current form, would change the gold market from a speculative one based on perceptions of the efficacy of monetary policy to control real interest rates to one that should force price discovery in an almost purely physical market. …., physical gold will go from being the price taker to the price maker.”

So this is a more informal way of imposing Gold money on Western economies. Not exactly ‘gold backed/convertible’, but scarce and appreciating Gold leading price discovery. And appreciating value of money is of course as deflationary as it gets.

But whatever way it works out, the transition to Gold is going to happen. And with it, the Greatest Depression will start.

And again: it will be genocidal.

Compare the Deagel forecasts. They were pulled off the Internet a few weeks ago, but since 2014 they have been infamously predicting that the US would lose 70% of its population before 2025, and Britain 85%, and the rest of the West between a third and a half. As a result of the financial collapse.

I’m not saying that it’s going to be that bad, it’s too terrible to contemplate. But the very least the West is facing is a collapse like the Soviet Union went through after 1989. Millions died. Especially the old. Life expectancy plummeted to under 60.

Especially pensioners are going to get hit very hard. There will be no pensions anymore. Note that ‘the virus’ also targets old people. They’re clearly planning to book their demise under ‘covid’.

Conclusion
The West is sleepwalking to its doom. Most people don’t even realize that the Crunch returned in September 2019. That $12 Trillion has been added to the economy by the Fed and the Government. Obsessed with ‘the virus’, or ‘racism’, or ‘Bitcoin’.

It will all come with a great show, declaring victory and ‘problem solved’, but only months later, the first signs of money scarcity will start hitting the economy.

The Great Reset WEF style is just the distraction. We will not be eating bugs because of ‘Climate Change’, but because we’ll be going hungry. Nor is the Lockdown the cause of the problems, it’s just Martial Law to keep everybody locked up while they get financially destroyed. It’s being used to transition to ‘The New Economy’. New Lockdowns will be coming, when Plandemic 2 ‘The Bio Terror Attack’ hits. The recent ‘exposure’ of the ‘lab made’ ‘virus’ is just the cover story, paving the way for that Lockdown.

But there is no virus. There are only Bankers. And the restart of the Crunch 21 months ago signaled their final offensive en route to World Currency and World Government.

Related:
Is There Enough Money To Pay Off Debt Plus Interest? A Closer Look
Why Tom Woods Is Wrong About The Greenbackers
Why Gold Is So Strongly Deflationary

Some Thoughts On The Great Reset, Gold, and Bitcoin


The reset of the financial system seems imminent. Debt can’t grow any longer, debt service is unaffordable. Something MUST be done, and soon. It will likely be preceded by some sort of crash, or even ‘cyber attack’.

(for readability it’s worth noting that this article started as a letter to HenryMakow.com)

BTC is and remains a totally bogus item. I hate to say it, but I agree with the likes of [Christine] Lagarde and others who say BTC is just a ‘speculative asset’, and not a means of exchange.
Market Cap is a Trillion now. If there is 10 billion worth of real, commercial trade in BTC, it’ll be a lot. This means that 1 BTC circulates……….every hundred years. That’s insane, that has nothing to do with ‘money’.

BTC is a total ponzi, going up because of new money, much from the printing press, coming in. And it will go down when money printing ends, which seems to be around now.

Also, I’m suspecting BTC did its job for the Banksters: it made electronic, cashless money hip. It indeed paved the way for a Global, Cashless Currency. But it won’t be it. It’s going to be regulated to death, once it crashes, I think. 
The real cashless electronic currencies will be run by the Central Banks, not some ‘free market’ outfit. China incidentally just last week started theirs, it’s operational now. The ECB, BoE, the Fed, they’re all developing their own.

Afbeelding
“Bitcoin is not a bubble.”

The coming crash
I very strongly suspect we could see a crash in months. Here’s why:
a) The Lockdown planning that you posted a few days ago. That states ‘end of Q2 economic collapse’.

Afbeelding

b) Demands by the Fed for higher capital reserves by banks and hedge funds. This is being down played, but I have a very bad feeling about that one.

c) Rising rates on the Bond Market. This really means the Fed is losing control. That’s the last thing they want. That is: World Power wants it, but the Fed is dying.

GOLD
This is the real issue. You said, and I totally understand, that a Gold Standard seems unlikely.
But the fact of the matter is: all Eastern Central Banks are loaded with Gold. Just this week it was reported that Hungary raised its Gold holdings 3000%, from three to a 100 tons in the last few years. This has been ongoing even in Western Europe, where Holland, Germany, have been (trying to) get their Gold back from Fort Knox. Russia and especially China have been buying incredible amounts of it.

And who is suppressing Gold? The Fed!
And who is dying? The Fed!! The Petrodollar! The US Empire!
ben-fr-soul-scalped.jpeg
Central Banks adore Gold. All the Gold Standards of the past were run by the Central Banks.

The BIS, the apex of the World Central Bank System, has been promoting deleveraging ever since 2008. And they will get their way, and Gold is perfect for a good, burning deflation/depression/deleveraging.

The Great Reset is about the ‘reset’ of the Financial System. That’s what it’s all about. Debt can’t grow anymore, there’s too much of it, debt service is no longer affordable. This is the key issue.
Something MUST be done, and soon now.

I suspect the catalyst events are going to be some huge defaults in the US. Germany (Deutsche) too, but America is the key target.

Once these defaults come, or to prevent them, the reset is going to be made. I think that’s only months away. When that happens, the Fed will finally have to abandon Gold Suppression, and it will soar very high. There’s widespread support for Gold in the US among the patriots. Suicidally so, because it will destroy them.

America will then also start abandoning large parts of its Empire, especially Europe and the Middle East. America will reject the WEF ‘Great Reset’ and ‘sustainable development goals’ and will go its own way. They will end up isolated. Just as Kissinger was talking about the other day.

And this will set them up for the final clash.

CYBER ATTACK EXCUSE FOR RESET? 
In a recent interview, Jerome Powell said a cyber attack is a real threat.

Officials were bracing for a range of scenarios — from payment utility breakdowns concerning individuals and large financial institutions to the financial system being brought to a halt.

“There are cyber attacks every day on all major institutions now,” Powell noted. “And the government is working hard on that. So are all the private sector companies. There’s a lot of effort going in to deal with those threats. That’s a big part of the threat picture in today’s world.”

He mentions it in the context of Fed electronic currency, of which he says it would come in handy when the Banks can’t manage the payment system anymore because of such an attack.

But we’re actually nearing a breakdown so big that the Banks could stop functioning.

So I take this as an announcement. This is apparently the scenario they’re planning to sell what’s coming.

All this has been in preparation for a long time. There was an exercise in Holland in 2013.

Conclusion
Just as in 2008, there is concern about ‘hyper inflation’.

But the money printing is happening because of a deflationary collapse in the shadow banking system. To keep the System (somewhat) liquid. Debt service is no longer payable. Derivatives (credit default swaps) are getting busted.

Here’s some analysis of what happened in 2008, it’s relevant here too.

Deleveraging is coming, and it is going to be disastrous.

BTC will play no role in the financing of local/’agorist’ communities, as it serves to speculate, not to pay with.

Local currencies, interest-free, are what is called for in times like these. Not scarce, non-circulating trash like BTC. Or Gold, for that matter.

Living standards in the West will collapse in the years ahead. Pensioners will be particularly hard hit.

Related:
Derivatives, or: How The Money Power Created The Greatest Depression
The Petrodollar Is Dead! Long Live The IMF World Reserve Currency!
Major Computer Malfunctions At Three Of The Dutch Too Big To Fails
Too Early To Entirely Write Off A Trump Counter Coup Yet
Bitcoin, Paving The Way For A Global, Cashless Currency

The Petrodollar Is Dead! Long Live The IMF World Reserve Currency!


(Left: there is no ‘virus’. There are only Bankers.)

Exactly 18 months after Mark Carney officially announced the end of the Petrodollar, and its replacement by an IMF World Reserve Currency, the IMF announces that they will create $650 billion worth of Special Drawing Rights.

By Anthony Migchels, for HenryMakow.com.


It’s an astounding event. The IMF ceases lending in Dollars, and starts using its own currency to bail out Nations. Ninety of which have asked for ‘assistance’, their finances savaged by the Lockdown.

$650 billion may not sound that much, but surely this is only the beginning. Soon the IMF will be throwing around trillions worth of SDR like the Fed now is doing with USD.

The idea is that the IMF currency can be used as reserve currency. And they will, the Petrodollar is inflating badly, and has lost perhaps as much as half of its value in real terms over the last 18 months or so. The Euro and the Yen are also in bad shape, hiding the true extent of the Dollar’s decline. Nobody is going to be happy to see their reserves (or savings) melt away.

This may sound either bizarre, or even hardly relevant, but it is. Everybody is bamboozled by the Lockdown and the ‘virus’, but in the background a huge financial crisis has been ongoing. Let’s recapitulate the key events over the last few years, that led to this crunch moment in World History.

0. The foreplay was the Fed starting tapering in 2017. Presumably trying to take some of the liquidity they had injected during the 2008 Crunch out of the System. And raising rates. This had the entirely predictable, and indeed widely predicted, effect of creating a major liquidity squeeze in the System.
Here’s the trend of M2 growth, a key money supply measure:

This image has an empty alt attribute; its file name is m2.jpg

As is clearly visible, the Fed’s tapering simply caused a deflationary crash, just as they did in 2008, and 2001. Money growth went to zero, it needs to grow about 10% per year to keep the System sufficiently liquid. Basically to keep the Usury on the debt payable, that is what is driving money growth. There is never enough money to pay interest + debt.

1. But the story of the death of the Petrodollar and the rise of the IMF World Reserve Currency starts in earnest in August 23d 2019, when Mark Carney, Bank of England chief at the time, in a meeting with colleague central bankers, announced that ‘within ten years’, the Dollar’s role as World Reserve Currency would end, and that it would be replaced not by the Yuan, but an IMF World Reserve Currency. He added that a change of reserve currency is typically associated with ‘dramatic upheavals’.

2. Then, not a month later, on Monday September 16th 2019, problems started mounting on the repo market, where Banks and other ‘institutions’ go for daily short term loans to balance their books. It went as high as 10%. This indicated that players in the shadow banking system didn’t trust each others’ collateral anymore. They effectively stopped lending to each other. One may remember the Libor rate in 2008, which went up, indicating the same problems. This means these ‘institutions’ were technically bankrupt.

3. This then, was the excuse for the Fed to start QE 4. At first, they said they would start a) buying up treasuries, and b) provide ‘short term loans’ on a daily basis to insolvent ‘institutions’.
It started with about $75 billion per day, which nowadays is small beer, but things escalated quickly. On January 3d 2020, the day Soleimani was executed, the Fed reported that they had already doled out $6 Trillion in day to day loans.

4. Things worsened only from there. When the World Wide Lockdown started, March 16th 2020, the Fed was already providing a cool $1 Trillion per day in loans to the shadow banking system. That fateful day, when 4 billion people were given house arrest, they started a $4 Trillion ‘asset purchasing program’, basically allowing the bankrupt ‘institutions’ (it’s very sad Newspeak to call these plunder operations ‘institutions’) to off load their junk to the Fed, in a bid to ‘solve’ the problems on the repo market.

Yes, we got locked up as they gave $4 Trillion to the Bank, that’s literally what happened. It was all sold as ‘panic due to Corona’, but the real ‘panic’ (in reality, it’s all orchestrated A to Z) was on Wall Street.

5. Several ‘packages have come through Congress since that bailout. Mnuchin gave Wall Street another Trillion. Biden has just signed a $3 Trillion deal, most of which goes directly to the filthy rich too.
All in all, the Fed and the US Government have added $12 Trillion in new dollars to the System since September 2019.

6. As a result of this inflation the obvious is happening: rising prices. Especially in commodities. Everything is up 50% or more, lumber 180%. It will take a little time for these prices to translate in rising prices of all goods, but they will.
There’s also massive housing speculation. In Vancouver, Australia. Much of it is driven by China, which has expanded credit with an even greater amount than the Fed over the last few years. Some say as much $30 Trillion.

7. Much of the inflation goes to the Stock Exchange, resulting in the ridiculous ‘boom’ there, which is 100% totally artificial, and would not exist without the Fed.
Between September and December 2019, the S&P went down from 2905 to 2416. This must have been because of the disastrous liquidity squeeze in the shadow banking system that became apparent with that 10% repo market interest rate spike.
Then, because of QE, it started climbing like crazy again, all the way up to 3380. Next, it lost a full 1000 points in the week after the Lockdown started. Presumably because of ‘covid’, but it had nothing to do with that, it was the same problems in the financial system, for which they were providing already a Trillion per day on the repo market, and for which they conjured up that $ 4 Trillion bailout.
Since then, the S&P has risen to 4019 today. Another 600 point rise while the real economy is in shambles due to the Lockdown.

This image has an empty alt attribute; its file name is image-2.png

8. The result of all this is obvious: it has killed the Dollar. Just as ‘economist’/bankster agent Kyle Bass said they would do to ‘fix’ America’s finances back in 2011. Both its value, and its status. Dedollarization is ongoing and has been escalating. The already crumbling Petrodollar is not going to recover from this.

The IMF’s move confirms this: the new loans are in their SDRs, not in the usual Dollars. Washington’s dominance in the IMF is officially over. From now on, the IMF itself dominates.

The latest from the Markets
The latest news is that bond markets are now starting to show rising yields. Id est, interest rates are rising. Those holding Treasuries are going to take a huge hit with high inflation, and they’re, belatedly, waking up to that fact. Rising yields are the natural result, but of course higher interest rates are crushing for debtors. That is the unsolvable (within the usurious financial paradigm) crucifix that the People are nailed upon: either inflation, or deflation. Or better, first inflation, then deflation. Classic boom bust creation by the Bankers, they’ve been doing this throughout Modernity.

Just last week, March 31st, the Fed, in a shock announcement, said they would not prolong a ‘short term’ measure they installed last year ‘to calm markets’, which involved looser demands for capital reserves for ‘financial institutions’. De facto this means Banks and hedge funds must hold higher capital reserves. And this definitely has tightening effects on money. In fact: it likely has serious consequences for lots of ‘distressed’ outfits on Wall Street, including the Mega Banks themselves. Remember, they wouldn’t lend each other just months ago, and they’re still all out on a limb, relying on eternal, and ever higher bailouts by the Fed.

It can’t be much of a coincidence, that immediately a major hedge fund, Archegos, collapsed.

It remains to be seen how far the Fed is willing to take this, but all bets are off. They’re capable of anything. They’re clearly on the war path, and destroying what’s left of American Hegemony, so it’s far from unlikely that they could be out for some serious blood.

If we have indeed witnessed the end of the Fed’s expansion, major defaults seem all but unavoidable. They simply can’t bail them all out all the time, even if they would want to.

Conclusion
This is it.
What we’ve been discussing for two decades or more in the Alternative Media is now coming to pass.
The Petrodollar is officially over, and the IMF is creating their own World Reserve Currency, the Special Drawing Rights.
They are no longer lending in Dollar, but in their own money.
Washington no longer dominates the IMF, the IMF is now the morphing into the official World Central Bank.

Officially owned by all the Nations, but in reality owning all of them.

And let there be no mistake: if there’s a World Central Bank, and a World Reserve Currency, open World Government is not far away.

The Dying Dollar And The Rise Of A New Currency Order
NWO Magick: A Faux ‘Pandemic’, And A Very, Very Real Financial Collapse
Trillion Du Jour For Parasites
The Crunch Is Back, There Will Be A Gold Standard, And It Will Be Disastrous