by Brandon Smith, Alt Market:
In 2021 I published an article titled ‘The Fed’s Catch-22 Taper Is A Weapon, Not A Policy Error’ in which I outlined the deliberately engineered trap the Federal Reserve has created for the American economy. Specifically, I confronted the issue of strangled liquidity through increasing debt costs vs continued money printing and inflation.
It’s an issue that Jerome Powell warned about in 2012, years before he became Fed Chairman; the consequences of creating a stimulus dependent system and then abruptly cutting off the life support. As soon as he was installed as the head of the central bank he implemented the very policies he predicted would cause a crash.
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The result? We just saw the beginning of the end with the latest banking crisis involving companies like SVB, First Republic and Credit Suisse – It’s not just US finances, but banks around the world that rely on liquidity injections from the Fed to stay afloat. The central bankers addicted the system to cheap easy debt and now they are taking away the drugs.
In other words, no one can honestly argue that the central banks are ignorant or unaware of the threat. They KNOW what’s about to happen and they do not care. But why does the establishment want a crisis now instead of five years ago, or five years in the future?
Thankfully, much of the public is becoming aware of the various programs to introduce CBDCs (Central Bank Digital Currencies), but what they may not understand is the manner in which such massive economic changes usually happen. Generally speaking, in order to institute a new economic system the banks have to take down the old system.
The last time we saw this happen was just after the Great Depression and WWII. The deflationary crash and the war conjured the proper amount of global chaos and before the dust settled western nations instituted the Bretton Woods agreement in 1944, making the dollar the defacto world reserve currency while locking down the price of gold.. Then they established the globalist International Monetary Fund (IMF) the same year and the United Nations in 1945. The world was centralized dramatically in a little over a decade.
I believe we are fast approaching another engineered singularity, a controlled demolition of existing systems to make way for a cashless society, a one world currency and global governance. I believe this because it’s all the globalists can talk about these days; it’s not as if they’re trying to hide it anymore.
The BIS and IMF are actively fielding one-world digital currency mechanisms right now; structures that would combine all national CBDCs under one umbrella. In the meantime, globalist think-tanks like the WEF (World Economic Forum) are ranting excessively about the coming era of an AI controlled economy and a “4th Industrial Revolution” in which you will “own nothing, have no privacy” and will be forced to adapt to a cashless socialist sharing system.
All they need is a scapegoat to complete their crisis formula. War seems to work well in distracting the masses from the true culprits behind any financial calamity, and numerous institutions are hard at work to convince the public that countries like Russia are to blame for ongoing stagflation problems. Of course, the stagflation crisis started well before the war in Ukraine and many Americans are not buying the spin.
China, a dedicated partner to the globalist project, has shown consistent fealty to the IMF and is a key player in the move towards a one-world currency system. Because they are the largest importer/exporter on the planet and have considerable leverage over the US dollar, they have the ability to strike the final blow against the dollar’s world reserve status. A heightened conflict with China would be a perfect cover for the dumping of the Greenback, making way for the IMF’s new global currency, called the UMU (Universal Monetary Unit).
However, foreign conflagrations will not be enough for the establishment to keep the American public from scrutinizing the narrative. They need a domestic enemy, a frightening threat that lives right next door. That is to say, they need to find a way to blame conservatives and liberty activists for the impending crash that they caused.
