“In spite of all the rhetoric, we will go deeper in debt, the Fed will print more money, and the value of the dollar will continue to plummet.”— Ron Paul
Never in history have the financial and political structures been so controlled by those who are responsible for their safekeeping; never has actually so much been at stake, in a lot of countries, and facing collapse, all at the exact same time.
The great bulk of people in the First World identify that the world is travelling through a recession. Nevertheless, the majority of are under the impression that there are some quite wise fellows running the program and all they need to do is fine-tune the system a bit more and we’ll go back to happy days.
Not so. The “smart fellows” who supervise of fixing the issue are in truth the extremely same people who created it.
Understandably, this a hard principle for the majority of people to even consider, let alone accept, as the really idea that those in charge of the system might purposely collapse it appears preposterous. So, we might wish to support a bit here and provide a very brief history of the system itself, in order to comprehend that the eventual collapse of the financial system was baked in the cake from the very start.
Producing a Central Bank
From the very earliest days of the development of the American republic, lenders (in addition to within aid from George Washington’s secretary of the Treasury, Alexander Hamilton) sought to create a banking monopoly that would create the nation’s currency and end up being the central banking system.
The first attempt at a central bank was a failure, and strong opponents, consisting of Thomas Jefferson, prevented a second reserve bank for a time. Later on, additional attempts were made by bankers and their political cronies, and each central bank was either short-term or beat in its preparation stages.
Then, in 1913, the heads of the biggest banks fulfilled clandestinely on Jekyll Island, Georgia, to make another shot. Having recently lost yet another bid to produce a central bank, due to the public’s reasonable concern that the big lenders were already too effective, a brand-new spin was placed on the concept. This time, they chose to provide the concept as a government body that would be decentralised and would have the obligation of limiting the power of the banks.
Nevertheless, the new bill remained in truth the usual costs, with a new title and some small changes in wording. However this time, it would exist by the brand-new president, who was a liberal.
The president, Woodrow Wilson, had actually in fact been handpicked by the banks. The banks then scuttled their own conservative celebration’s prospect, got the Democrat Wilson chose, then set up a secretary of the Treasury whose job it would be to guarantee that the Federal Reserve was produced.
The expense was widely supported by the public, even though, in fact, it was not a federal firm, but an independently owned corporation, managed by the banks. Neither was it a reserve. It was never intended to keep money; it was meant to provide the biggest lenders control of the economy. They followed the main concept of uber-banker Mayer Rothschild: “Let me provide and control a nation’s cash and I care not who writes the laws.”
From the start, the brand-new institution peddled itself as the protector of individuals’s interests, however it was quite the opposite. Its purpose from its inception was to manage the economy and the federal government by controlling the issuance of the currency. In addition, it was to be a system of taxation.
Usually, a population accepts a certain quantity of direct tax but has its limits of tolerance. Yet, the bankers comprehended that a less direct method of tax was considerably more rewarding and infinitely safer from criticism.
Inflation as a Profit System
Inflation was not always the norm. At one time, rates were reasonably fixed from one generation to the next. However the Federal Reserve promoted the idea that “controlled” inflation remained in reality required for a prosperous economy.
Obviously, the higher the debasement of the currency through inflation, the more the main lenders profited. But eventually, the currency would have lost essentially all its value and it would be time for a reset. The currency would require to collapse and a new one produced.
Therefore, the Fed went about its hundred-year programme of continuous inflation. Although there have actually been durations of lower inflation (and even deflation), the programme remained basically on course, and now, its hundred-year life has all but ended: the dollar has actually been devalued almost 100%.
And so, we find ourselves at the day of numeration. The economic crisis we are now facing (not just in the United States; it will be felt, to a higher or lesser extent, worldwide) is not a mere anomaly that we require to “press previous”. It’s a systemic crisis. It’s been developed by style and the system must collapse.
Of course, the central banks remain in the procedure of safeguarding their interests, to make sure that, whilst this will be a major financial disaster, they themselves will continue to profit. The damage will be borne by the general public.
This began in earnest in 1999, with the repeal of the Glass-Steagall Act, allowing banks to create a massive, careless home mortgage spree. It was backed by the federal government’s “too big to stop working” policy that guaranteed that, when the banks naturally ended up being insolvent as an outcome of the loans, government would bail them out. (And by “government” we indicate “the taxpayer”; it was he who selected up the bill for the banks’ recklessness.)
The next step in preparing yourself for the collapse is a full-scale effort to confiscate the wealth of the general public. This can be seen in the effort to push financiers far from strong types of wealth security such as gold and silver and into stocks, bonds and bank deposits. More just recently, we’ve seen the introduction of an effort to end the use of safe deposit boxes and a push to end making use of paper currency in making transactions.
Completion objective is to require as much money as possible into deposits in banks, then take it. The US, EU and a few other nations have passed confiscation legislation, enabling the banks carte blanche to seize and/or refuse to release deposits.
Of course a reset of these percentages will not be without its fallout. The general public will be frightened at the result, at the realisation that the very organizations they believed had actually been created to safeguard them had never been meant to serve their interests at all.
Once they realise that the world’s biggest Ponzi scheme has been passed off on them, they will be hopping mad and justifiably so. Those who had actually not had the foresight to internationalise themselves, to eliminate themselves as much as possible from the system, will most definitely wish to get back at in some way.
And this explains why governments, especially that of the US, are working so difficult to develop a police state. Unless a totalitarian state can be produced, those who are presently taking the wealth may not be able to totally realise their goals.
The coming train wreck is no accident. It has actually long been prepared. That the “wise fellows in charge” will somehow conserve the day is for that reason a vain hope indeed.
It’s still possible to revoke the system, however it’s getting more difficult every day. The window is closing, and the time to internationalise is now.
Editor’s Note: A big part of any technique to decrease your political threat is to put a few of your cost savings outside the immediate reach of the thieving bureaucrats in your home country. Acquiring an offshore savings account is a hassle-free way to do just that.
That method your cost savings can not be quickly taken, frozen, or cheapened at the drop of a hat or with a number of taps on the keyboard. In case capital controls are imposed, an offshore checking account will help ensure that you have access to your cash when you require it the most.
In other words, your savings in an overseas bank will mostly be safe from any madness in your home nation.
Despite what you may hear, overseas banking is entirely legal and is not about tax evasion or other illegal activities. It’s just about legally diversifying your political risk by putting your cash in noise, well-capitalized organizations where it’s dealt with best.
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