Asymmetric War on the Populace Hides Financial Armageddon
#TheFED #Banks #Debt #Propaganda (Published at DCF Press: December 26, 2021)
Piggybacking off my Christmas post, Egon von Greyerz has discussed a primary collapsitarian pillar: the financial system is destabilizing and will fundamentally implode inside of a few years. (12-18 months is one’s ballpark figure.) To quote his article:
The financial, economic and moral devastation which is about to hit the world will for more than 99.5% of the people come out of the blue like a flash from a clear sky.
For most people, coming events will thus be like the definition of the word CHAOS: “A state of total confusion and disorder”.
History: A Trip Down Market Meltdown Memory Lane
Back in July-September 2007, Northern Rock and a Bear Stearns hedge fund led the way in being “first” to collapse. Thereafter, Countrywide Financial joined that club by winter 2007. Back in my lib-tard days, I wrote a blog post in December 2007 about the implosion (images below from that post). Later, in March 2008, I did one on Bearn again as it went to near zero ( and was bought out by JPMorganChase.) (I forgot the deflation piece in that write up.)
The below videos show Jim Cramer (TheStreet.com) “Mr. Happy Talk” along with the blame game billionaire (Soros was backing socialist Obama as early as 2004). One can probably find hundreds of hours of delusional and market shilling videos, if one is so inclined. This is just to show, “this next time ain’t different,” and the current bull run up is going to be a slaughter of epic proportions.
(Cramer mentions in the last video – victims of tremendous fraud. No, major banks and lenders perpetrated frauds and set up the market so that a few borrowers, who obviously knew what was shaking, could advantage themselves in the wash. So the nuance is: Tens of 1000s of Wall Street traders and mortgage hustlers took profits from their exotic instruments (MBS, CDO, CDS) and made hundreds of billions, playing the rating agencies as fools; versus 50,000 plus mortgage fraud hustlers making multiple millions flipping homes and play the asset-overvalued, easy credit game.)
2022 – Beyond Financial Reckoning & Scenario
But back to the current crisis to come. Before we go into the launch point of this post, Mr. Greyerz’s analysis, here are two snapshots of the NASDAQ and S&P500 for 5-year charts from CNN.
The 5-year charts just reflect the massive bubble being made from Private Bank interference. Pandemics don’t achieve this ever. People’s lives have been restricted – economic activity curtailed, businesses closed, labor force displacements, and a permanent group that expects “free money” to come in the form of UBI (MMT craze) from the authoritarian governments that are glad to oblige in this.
Why would these governments do that? (The same reason the banks in 2000-2007 were throwing money (easy credit to debt entrap) the people. You make it easy, to get overleveraged, gin up an asset bubble, then it crashes, destroys jobs, and then, the person has to seek government intervention as “the savior.” This is to further control the populace through a Socialistic and authoritarian push – as independence is not the friend of the government. (And the agencies of the U.S. government all are socialists in operation.)
Instability is now sought out, notice the defund the police, and reparations through stealing allowance – as Soros is prone to promote (DAs) in his funding throughout the United States. He has always had a hand in this situation. Notice Cramer’s The Street YouTube channel was giving Soros a voice to push and pander his ideas (his book) as early as 2007.)
The consequences of this are dire to societies.
Greyerz agrees. He uses the 3rd President, Thomas Jefferson, as the fundamental basis for the reason you don’t give a bunch of malevolent bankers control of your economy. And this is what we have, to quote:
We must remember that the Fed is a private bank that totally controls the US financial system. And as long as the US dollar remains the reserve currency of the world, the Fed also controls major parts of the global financial system.
Jefferson will also be right regarding inflation and deflation. The current financial system is now entering a phase of inflation, most probably leading to hyperinflation as I have discussed many times in my articles.
But before this financial system ends, the totally worthless debt must be destroyed through a deflationary implosion not only of the debt, but also the bubble assets financed by printed money created out of thin air.
So a deflationary depression is likely to be the end of yet another failed experiment of a fiat money system which was doomed the day it was created on Jekyll island 111 years ago. Jefferson of course told us this would happen already over 200 years ago.
If history teaches us anything, it is that no one learns from history and everyone thinks it is different today because we are here.
Greyerz Post (Debt Path)
One too has illuminated these debt and asset hustles in posts here, here, and here. The Disaster Capitalism post is popular due to Catherine Austin Fitts (Solari Report) doing the hard work to discuss and lay out the impeding situation. That of a one-world currency with totalitarian strings nobody sane would sign off on as remotely necessary. But those would-be jackboots, immoral and deceitful government officials, love the concept of knowing and controlling everyone down to what they say, where they go, and what they buy, and whether they can do any of that at all.
This also HIDES their treasonous crimes – they stole your money (taxes), they exploited you (they created opaque financial schemes, see below), they lied to you for decades (9/11, COVID, Iraq, Gulf of Tonkin, et al), and now, they want you to submit to them, yet again. COVID authoritarianism guised as health & humanitarianism to get you to go along.
That is why the government-big media-tech oligarchs propaganda machine is now set at: “ARE YOU F-ING SERIOUS!”
THIS WILL NOT STAND.
Below is an old idea one wrote up in 2011 on the workings of the financial market.
Derivatives, But Not Like Calculus, Much Much Worse
Geyerz explains this opaqueness better than I ever will:
Banks like Deutsche or JP Morgan have reported gross outstanding derivatives of $40-50 trillion.
But all banks net the gross amounts of derivatives down to insignificant levels, arguing that these low and totally misleading amounts are their real exposures.
Well, the bankers can fool some of the people some of the time but in the end we know who the real fools will be!
The problem with netting is that when counterparties fail, gross risk remains gross.
Derivatives have been a most incredible money spinner for banks and other financial entities. There are today so many opaque ways of creating and hiding derivatives from the official reporting that no one has a clue of the real amount outstanding. But it could easily be in the quadrillions of dollars.
Remember that virtually every financial instrument created today consists of derivatives, whether it is ETF stock or bond funds, interest rate swaps, forex swaps, mortgage loans etc, etc, the list is endless.
Bubble, Bubble Toil & Trouble
Geyerz ends on a not-so-happy note:
When counterparties fail, central banks will need to print all that money to prevent banks from failing.
So if my assumptions are right, global debt will have grown from $300 trillion to $3 quadrillion in the next 5-10 years.
But I will probably be wrong on many accounts, like it won’t take as long as 10 years. We know from history that hyperinflation goes very fast. Also, most of the estimates of debt and derivatives are probably much too low.
Still, let’s assume that the world is now facing a timebomb of $3 quadrillion. A very frightening prospect indeed.
Life, Not Financial Advice
The bandits could get away this time. The instability and chaos game will involve COVID authoritarianism, war drums from Ukraine to Taiwan, energy crisis (through self-sabotage), climate propaganda, racism tropes, CCP-DC shadow wars, and the financial implosion of all the funny money. This never ends well. And the populace – 99.5% discussed – don’t believe those who see this hustle. They better real quick.
My advice: get a piece of land, stock food, stock armaments, live far, far away from any city, have a clean water source (or neighborhood cooperative), be independent – have some electricity or ability to generate that, and also: be ready for the jackboots of government (or their drones) to be attacking you for leaving others the hell alone.
They CAN’T stand people who don’t need them – narcissists & sociopaths hate to be ignored. Governments are just those types with the inordinate power of Milgram drone cops/soldiers or an actual drone now to do their evil bidding.
Further reading: https://dcfpress.com/the-globalist-treason-covid-19-to-steal-treasure-pivot-to-communism-opinion/