In my last article, I outlined the deliberately engineered trend toward the forced “harmonization” of national economies and monetary policies, as well as the ultimate end goal of globalists: a single world currency system controlled by the International Monetary Fund and, by extension, global governance, which internationalists sometimes refer to in their more honest public moments as the “new world order.”
The schematic for the new world order, according to the admissions of the internationalists, cannot possibly include the continued existence of U.S. geopolitical and economic dominance. The plan, in fact, requires the destabilization and reformation of America into a shell of its former glory. The most important element of this plan demands the removal of the U.S. dollar as the de facto world reserve currency, a change that would devastate our current financial structure.
I outlined with undeniable evidence the reality that major governments, including the BRICS governments of the East, are fully on board with the globalist agenda. There is no way around it; the BRICS, including Russia and China, have openly called for a global monetary system centralized and dictated by the IMF using the SDR basket. This same plan was outlined decades ago in the Rothschild-owned magazine The Economist. We are witnessing that plan being implemented in front of our very eyes today.
For the past couple of years, the current head of the IMF, Christine Lagarde, has used the phrase “global economic reset” often in her speeches and interviews. There is some (deliberate) ambiguity to this notion, but after sitting through hours upon hours of her most boring and repetitive discussions in globalist think tanks such as the Council On Foreign Relations, the consistent message is pretty straightforward. If anyone can stand to listen to this woman's carefully crafted prattle and well-vetted half-truths for more than five minutes, I suggest they watch this particular speech given in January at the CFR:
Her message on the global economic reset is essentially this: “Collective” cooperation will not just be encouraged in the new order, it will be required — meaning, the collective cooperation of all nations toward the same geopolitical and economic framework. If this is not accomplished, great fiscal pain will be felt and “spillover” will result. Translation: Due to the forced interdependency of globalism, crisis in one country could cause a domino effect of crisis in other countries; therefore, all countries and their economic behavior must be managed by a central authority to prevent blundering governments or "rogue central banks" from upsetting the balance.
It’s interesting how the IMF’s answer to the failings of globalization is MORE globalization. In other words, Lagarde would argue that while we are in the midst of an international system, we are not centralized enough for such a system to succeed.
The IMF points out correctly that the economic situation around the world is not stable and could revert once again to the chaos of the initial 2008 crash. The Bank for International Settlements, the primary hub of central bank control, has also given numerous warnings this year on the potential for disaster, including in its latest quarterly report.
The warnings of the BIS in particular should not be taken lightly (some analysts are indeed taking them lightly). The BIS knows exactly when financial disasters will erupt because it wrote the central bank policies that created those same events. For example, in 2007, the BIS released a warning that perfectly predicted the elements of the derivatives and credit crisis in 2008.
What these globalist institutions will not tell you in a direct manner are the real causes and motivations behind the inevitable next stage in the ongoing destruction of the current economic system
The global reset is not a “response” to the process of collapse we are trapped in today. No, the global reset as implemented by central banks and the BIS/IMF is the CAUSE of the collapse. The collapse is a tool, a flamethrower burning a great hole in the forest to make way for the foundations of the globalist Ziggurat to be built. As outlined in my last article, economic disaster serves the interests of elitists.
When you look at these actions by the Federal Reserve and the U.S. government in particular, questions arise. Is it “stupidity” that is causing them to sabotage the golden goose? Is it hubris and greed? Their actions are clearly facilitating a program of incremental implosion, yet they continue to ignore the obvious. Why?
The people who ask these questions are operating on a false assumption; they have assumed that the international bankers and the puppet politicians they control have any interest in protecting the longevity of the U.S. The fact is they do not. They have no loyalty whatsoever to the U.S. system, nor do they see the U.S. as “too big to fail.” This is utter nonsense to globalists. Rather, they see each nation and central bank as a piece in a game, much like chess. Some pieces have to be sacrificed in order to gain a better position on the board. This is all that the U.S., the Federal Reserve and even the dollar are to them: expendable pieces in a larger game.
The U.S. is now experiencing the next stage of the great reset. Two pillars were put in place on top of an already existing pillar by the central banks in order to maintain a semblance of stability after the 2008 crash. This faux stability appears to have been necessary in order to allow time for the conditioning of the masses towards greater acceptance of globalist initiatives, to ensure the debt slavery of future generations through the taxation of government generated long term debts, and to allow for internationalists to safely position their own assets. The three pillars are now being systematically removed by the same central bankers. Why? I believe that they are simply ready to carry on with the next stage of the controlled demolition of the American structure as we know it.
Bailouts And QE: The First Pillar Removed
The bailout bonanza was in part a direct intervention in the deflationary avalanche of the derivatives bubble, but also an indirect intervention in that it changed the psychological dynamics of the markets. As former Fed chairmans Alan Greenspan and Ben Bernanke have both hinted at in interviews and op-eds, one of the primary concerns of the central bank was the psychology behind higher stock prices.
Stock prices could be propped up by the Fed itself through proxy buyers using the printing press. Or the Fed could inject billions, if not trillions, of dollars into banks and allow them to run wild, artificially boosting investment while doing nothing to solve the existing dilemma of negative fundamentals. Beyond this, the markets began to move on the mere words or edicts of Fed officials as algo-computers and the general investment world placed bets on rhetoric rather than reality; a dynamic which is now ending.
The bailouts also reanimated the cadavers of large corporations and banks, not just in the U.S. but in Europe, giving the illusion of life to the financial system while leaving Main Street to rot. In the meantime, quantitative easing measures provided a way to continue financing U.S. government debt at the expense of generations of taxpayers as numerous primary lenders began to abandon typical long-term bond purchases.
Furthermore, oil markets appear to have been directly inflated by QE intervention. It is important to take note that oil prices remained extraordinarily high despite the continuous fall in global demand UNTIL the moment the Federal Reserve instituted the taper of QE3. Then, prices began to plunge.
In a September 2013 article, I predicted that the Fed, despite all common sense and the claims of banks like Goldman Sachs, would indeed follow through with the taper: a removal of the first pillar levitating the U.S. system.
I was, of course, called crazy at the time for this prediction by some people within the alternative economic community.
“Why in the world” they asked, “would the Fed taper QE when they can simply print to infinity and kick the can down the road perpetually?” Again, these people do not understand that America is under scheduled demolition by the international banks; it is not being protected by them.
The taper occurred in December of that year.
Near Zero Interest Rates: The Second Pillar Nearly Removed
After the taper of QE, volatility not seen since 2008/2009 returned to the markets. And the public once again was reminded in sporadic moments that the recovery might not be real after all. Europe and Japan quickly stepped in with their own renewed stimulus measures, and Fed officials began using strategic media interviews to “hint” falsely that QE might return. Markets rallied, then fell dramatically, then rallied again, then fell again in a shocking manner. And this volatility has been the trend up until recently, when the question of the end of zero interest rate policy arose.
Again, very few people have ever asked or demanded the Fed end QE or ZIRP. There was never any legitimate public pressure on the fed to remove these pillars. The investment world has been essentially addicted like heroin junkies to assured gains for three years. The war cry of the investment world has been BTFD! (Buy the f'ing dip) for quite some time; investors have come to expect and demand inevitable central bank intervention and fiat driven stock market rallies. Yet, the Fed is ending the party anyway.
ZIRP is the only pillar left holding stocks in place. Without zero interest rates, and with even the most minor of .25 basis points added, cost-free overnight lending to banks and corporations will end. They will not be able to afford continued lending on the massive scale seen since 2009/2010. This means no more stock buybacks for dying companies like IBM or General Motors, among others. This means a considerable decline in the markets, declines which we have had a taste of in recent plunges in equities at the mere mention of interest rate increases.
In August in an article entitled 'Economic Crisis Goes Mainstream: What Happen's Next?', I wrote:
"The Federal Reserve push for a rate hike will likely be determined before 2015 is over. Talk of a September increase in interest rates may be a ploy, and a last-minute decision to delay could be on the table. This tactic of edge-of-the-seat meetings and surprise delays was used during the QE taper scenario, which threw a lot of analysts off their guard and caused many to believe that a taper would never happen. Well, it did happen, just as a rate hike will happen, only slightly later than mainstream analysts expect.
If a delay occurs, it will be short-lived, triggering a dead cat bounce in stocks, with rates increasing by December as dismal retail sales become undeniable leading into the Christmas season."
You can also read my analysis on the motivations behind a Fed rate hike as well as the theater surrounding their policies.
The cat seems to have finished its bounce and stocks are returning to volatility. Retail sales so far for Black Friday weekend (including Thanksgiving) have posted a staggering 10% drop with online sales below expectations. Chain Store sales have recently crashed 6.3% week over week. Plunging freight rates and global shipping indicate a severe lack of global demand and a terrible sales season ahead. Janet Yellen, ignoring all negative economic signals as predicted, has all but declared a rate hike a given by Dec. 16.
I was, yet again, called crazy for this assertion by some at the time; and to be clear, I could still be wrong. The Fed could pull a fast one and not raise rates, though the rhetoric coming from the fed today almost guarantees they will take action. Not raising rates doesn’t match with their past habits; they seem to be following the timing of the taper model perfectly. The point is, despite common assumptions within the alternative media, the Fed is not “trapped” and can do whatever it wants, including killing the markets if it benefits the greater goal of a global economic authority. With the ZIRP pillar gone, expect even more violent swings in stocks and general uncertainty and panic among day-traders and the public.
U.S. Dollar's World Reserve Status: The Third Pillar In Progress Of Removal
I’ve been writing about the loss of the dollar’s reserve status since 2008. And as I have always said, the removal of this final pillar is a process, not an overnight affair. The BRICS nations have been positioning themselves for years — China since 2005, the rest of the BRICS since at least 2010.
The delusion that some economic analysts have been under is that the BRICS were strategically vying for power by building their own unified banking institution in “opposition” to the IMF and the West. As I presented in my last article, this has proven to be completely false. They were in fact positioning to take their place as puppets within the new global paradigm taking shape. China has now joined the IMF’s SDR basket (as predicted); and Russia, along with the other BRICS, has openly called for the IMF to take control of the global monetary system.
China’s inclusion, I believe, will hasten the loss of the dollar’s market share of reserve status over the next year, along with other factors. Saudi Arabia has also brought the idea of a depeg from the U.S. dollar into the mainstream discussion. This action, which mainstream economists are calling a possible Black Swan, would end the dollar’s petro-status and result in catastrophe for the U.S. economy. The removal of the final pillar is well underway.
As I have stated in the past, the U.S. system as it stands does not necessarily deserve to survive, but then again, this does not mean that it should be sacrificed in order to breathe life into the monstrosity of global economic governance. Such a trade-off only serves the interests of a select group of elites, with the global reset ending in the mechanized multicultural suicide of sovereignty, leeching prosperity from the rest of us in the name of “collective progress.” Globalists want us to believe there is no other option but their leadership, and they will create any measure of chaos in order to convince us of their necessity.
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written by PJ , December 09, 2015
Brandon,
If the removal of ZIRP next week by FED triggers stock market crash (which is also predicted by pastor Lindsey Williams' elite friend between Sept-Dec), don't you think FED will be afraid to take all the blames but choose other trigger "event" ?
written by Brandon Smith , December 09, 2015
@pj
Have you considered that the Fed may be meant to take some blame? Read my last article to understand why.
written by Black Cat , December 09, 2015
"Globalists want us to believe there is no other option but their leadership, and they will create any measure of chaos in order to convince us of their necessity."
This closing statement is so absolutely right on, it is the programing. Simply stepping back and seeing the long term economic and social trends proves undeniably that this plan has been long in place and executed with patient precision.
written by Trygve , December 09, 2015
Brandon,
I always appreciate your ability to see through the sneaky tricks the money changers are using to extract wealth from the masses. Thanks for another great article.
What is missing is a way to counteract all of this wealth confiscation. Michael Tellinger has written a book called "Ubuntu Contributionism: A Blueprint For Human Prosperity Exposing the Global Banking Fraud". In it he describes how money was created for this purpose and has been used by the central banks to confiscate wealth since its creation.
More importantly, as the title implies, Michael gives us a Blueprint for Human Prosperity. This book offers a plan on how to disconnect from our dependency on money and thereby destroy all of the power of the elite.
I recommend everyone buy this book and read it. If we band together and follow the Ubuntu recipe, we will fix the trajectory we are on and change the course of human history.
written by Pablo , December 09, 2015
Once the globalist can get rid of cash (look at Sweden) then the demise of any fiat is inevitable. Once cash is considered obsolete by folks who do not understand liberty, or freedom, then all of this will come to be.
They will be able to implement negative interest on all retail accounts, and track all purchases. Gone are personal choices, and the ability to protect your family.
Also, why does the lame duck year of the presidency always coincide with a dramatic sell off in the market, it is almost here, again, the 3rd time is the charm. Use history to prepare, it does seem to repeat.
seems all these "terrorist" are going to force the hand of governments around the world to protect us, with more rules and regulations.
"it's in your best interest to comply" they will tell you.
written by Rodster , December 09, 2015
In essence as the article points out, the IMF "only enforce debts owed in US dollars to US allies". Which put another way says the SDR supersedes the USD and as such is marginalized as just another currency.
http://www.zerohedge.com/news/2015-12-09/imf-just-entered-cold-war-forgives-ukraines-debt-russia
written by KSKing , December 09, 2015
Good article. I agree that the 'can't raise rates' crowd is incorrect. The Fed will raise rates when they are ready to implement the next step downward. The system's crash is inevitable. Therefor they are trying to control the crash and do it slowly, so they remain in control.
Sudden catastrophic crash makes the chance of a loss of control much higher, not to mention the potential for jail, lynching, hanging.
written by Jed , December 09, 2015
If your translation is true; " Due to the forced interdependency of globalism, crisis in one country could cause a domino effect of crisis in other countries; therefore, all countries and their economic behavior must be managed by a central authority to prevent blundering governments or "rogue central banks" from upsetting the balance", then believing precious metals will save the day for individual investors is ludacris since a central authority will keep us from "upsetting the balance"!?
written by Brandon Smith , December 09, 2015
@Jed
They have little control over whether or not WE upset the balance. That is the whole point of their pursuit of the New World Order. They fear us and our independence. Gold and silver are a part of that equation. If the movement were to drop fiat currencies and go to hard alternatives like gold and silver and barter, then the threat of dollar collapse would mean nothing to us. We are like a ticking time bomb to the elites. They are hoping to contain us before we go off and destroy them.
written by Islander , December 09, 2015
Then we should stock up, as much as possible, on gold and silver for as long as we can, right? As long as their price is suppressed and driven down.
written by Brandon Smith , December 09, 2015
@Chris
Well, according to the Fed thus far, ZIRP will be disappearing by the 16th of this month, so I suppose we will soon see. I highly doubt the Fed will delay just as they did not delay on the taper, but if they do, it will not be for long (until their next policy meeting perhaps). You clearly did not read the above article or my last article on the motivations behind Fed actions. The fed has NO INTEREST whatsoever in protecting the U.S. economy, and the government has NO SAY in the decisions the Fed makes. Also, if you think any problem can be solved by printing more fiat money, then you have been drinking the mainstream kool-aid and are not knowledgeable enough on this issue to argue either way. Only a complete ignoramus would argue that savers should be punished for saving through fiat inflation.
The central bank's actions will speak louder than anything, but I wonder, if the Fed raises rates will you be back to admit you were wrong? I am certainly willing to admit if I end up being wrong.
written by Mack , December 09, 2015
Good article Brandon... steeped in what you've been thinking for a long time now. Kudos. It reminds me of what Peter Schiff has to say, as well, not to mention all the good, well-informed Austrians who've seen the writing on the wall. The machinations of the global banking system are surely pointed toward the demise of the US as a world economic power broker, and it may be that the time has finally arrived that they can get it done. I've thought for about 5 years now that "any day" the fiat system would crumble, but now it seems much more. Of course, that 5-year window has informed as to the power of the Fed and its cohorts in staving off the finale, and they will continue to play their hand as powerfully and mercilessly as they can. WWIII anyone?
written by Lizr , December 09, 2015
What will.happen to my California teacher pension when I retire 20 years from now. I am told that I'm grandfathered in and my pension is guaranteed?
written by Brandon Smith , December 09, 2015
@Lizr
From the current trends I highly doubt our economy as we know it will still be functioning in 20 years. We might still have an economy, but it will be very different and not gentle with people reliant on checks from municipals or the federal government.
Most pensions do not sit in a savings account waiting for you to collect, they are swapped around, invested in derivatives, used to pay off other municipal debts, etc. If Social Security is slated to disappear in around 20 years, then I doubt your pension will exist either.
If it was my pension, I would be hedging my bets and purchasing hard assets like land, food, fuel, gold, silver, etc. as a nest egg for retirement just in case.
written by californiawoman , December 10, 2015
Thanks for everything Brandon. Your viewpoint on all of this helps to make sense of what is happening.
I do have a question. Once interest rates start going up, why would investing in treasuries not be a good idea?
written by Mr. Lee , December 10, 2015
The establishment (I do not use the term Elites, as there is nothing Elite about these people), are in the business of power consolidation. Dave Rockefeller said the completion is bad for business......and to this mind set he is right.
I think it is obvious or at least should be that the focus of global abuse is the US. Not absolving the US in way, however countries like Russia and China full well know that international institutions like the UN and IMF are fronts for a the very same Cabal that they allegedly are in opposition to.
China's admission into the basket of currencies should send a clear message to anyone who thinks that China and Russia are some sort of opposition to the Establishment. News flash, they are part of the establishment. Just in the same way we have duopolies her in North America, Pepsi and Coke - Lowes Home Depot. We have the West and the BRICS. In the end they sell the same wares and the share holders have stock in both entities. I must admit, it is a nice racket.
written by wholy1 , December 10, 2015
Are said Treasuries still the largest pool of liquid asset?
If so, would a spike in said bond yields be a good harbinger of an imminent "reset" ?
written by Guest , December 10, 2015
Thanks again for a splendid article Brandon. I think this old gal is finally getting the hang of reading economics via your long and detailed writing. It comes much easier to follow after lots of practice! ;) If I had only one wish, it would be that in each article, the first time you use a term like BRICS or ZIRP, that you would write it out with the acronym in parenthesis. Even though I am more familiar with the meanings now, sometimes I think it would still be nice to have a quick reference right within the article itself. I hate to tell you how often I've had to chase down the meaning of an acronym...which I'm sure you know like the back of your hand.
Merry Christmas to you and yours, and blessed New Year wishes too.
written by Mr. Straley , December 10, 2015
The United States was built by bankster-driven genocide, slavery, labor serfdom, imperialist war, and habitat destruction, and that's how it continues to exist today. It unquestionably does not deserve to survive. Of course, the only workable alternative would be greater local autonomy and decentralization of authority, not a globalist NWO, which logically would be orders of magnitude more destructive to humanity than a U.S.-dominated world order. Regardless, the USA is going away. All we can really hope for is that the deliberate chaos wrought by the international banking syndicate has unintended consequences, such as a mass awakening of human consciousness whereby everyone suddenly withdraws their consent for their own enslavement. Highly improbable, but it's humanity's only hope.
written by clive m , December 10, 2015
"The schematic for the new world order, according to the admissions of the internationalists, cannot possibly include the continued existence of U.S. geopolitical and economic dominance."
The question is, can this schematic be put in place without a US "collapse?" In your opinion Brandon, why can't the transition be a smooth one? Thanks.
written by Brandon Smith , December 10, 2015
@Clive M
First, because people will resist that transition, as they should. Globally centralized economic governance is the primary step needed to establish world political government. I won't accept governance by elites, and neither will millions of others.
Second, because there is NO conceivable way to remove the dollar's world reserve status without causing severe financial turmoil within the U.S. and around the world. Our economy is far too reliant on the dollar's status for it to be diminished in any way. Pain is inevitable.
Third, because no major economic transition in history has ever occurred without crisis as the backdrop. The last great "reset" took place during and after WWII. Europe's destruction led directly to the rise of U.S. dominance.
Fourth, because a smooth transition is not what the elites want. They thrive on chaos. Chaos is the alchemy that mutates the collective psychology of entire civilizations. They need chaos in order to make global changes while the masses are distracted by their own need for survival.
Fifth, because the elites have openly admitted that chaos will be an expected element of the transition:
"... when the struggle seems to be drifting definitely towards a world social democracy, there may still be very great delays and disappointments before it becomes an efficient and beneficent world system. Countless people ... will hate the new world order ... and will die protesting against it. When we attempt to evaluate its promise, we have to bear in mind the distress of a generation or so of malcontents, many of them quite gallant and graceful-looking people."
H. G. Wells, in his book entitled The New World Order (1939)
Regards,
Brandon Smith
written by TruthseekerNZ , December 11, 2015
Brandon is right. We are all being deceived and taken for the gullible suckers we truly are. None of what is happening around the world is an accident. The globalists intend to destroy the Euro zone and the US economy and the dollar reserve status as part of their plans for their New world Order. Remember their slogan, Order from Chaos.
For those interested in what is really going on behind the scenes check out http://redefininggod.com/
written by Brandon Smith , December 11, 2015
@Guest
I will certainly make the attempt to outline acronyms more often, though it is also good for people to sometimes web search terms for themselves and put in the effort to learn on their own. I appreciate the kind words and merry Christmas!
written by Brandon Smith , December 11, 2015
@Mr. Straley
My use of the phrase "former glory" was meant to be tongue in cheek, and I was referring more to America's economic power over the past several decades.
I will say though, that America did indeed start out with a certain level of "glory" as the first nation to ever outline INHERENT liberties of common men. The first country to put in writing the idea that governments do NOT bestow liberties; only the creator (or whatever you believe in) can bestow liberties. The elites have spent the last two centuries attempting to dismantle what the founding fathers built, and that certainly counts for something. They bought us time. And now, we have to finish what they started.
written by MAJ , December 11, 2015
It seems that 2016 has been set up as the perfect stage for chaos on all fronts of this March towards NWO - we have the middle East military quagmire ripe for escalation especially with Turkey assuming the front role as the bad boy provaceutor , the Muslim demonization is in full swing in the west with the manufactured refugee open gates ideally set up for "terrorist" attacks - already ramping up.
We have the climate change Trojan horse in place with the Paris summit to completely shackle and control - with climate boards becoming quasi FED like agencies and carbon credits replacing FRN as instrumental tool.
All required police state laws and surveillance systems are in place
And as you have elegantly presented above here ( great job!) the controlled demolition of the shacky pillars supporting the house of cards in on its way.
A US election year and the puppets go Scot free.
It is truly tragically sad - all this precision planning and limitless resources used by the supposed elites to advance the NWO causing destruction and misery when the same could have been used to advance humanity to reach higher stages of civilization.
All because these wannabe masters can't seem to overcome primitive instincts of need for CONTROL as a depraved attempt to deal with sentient uncertainty and slaves to their egos while hypocritically ppoh-poing the masses.
It seems the cyclical pendulum of history is swinging full speed to bondage. Sad times
written by turtlefeet , December 11, 2015
So nice to read an intelligent (and troll-free) forum.
Whoever asked above if bonds might be a good investment if interest rates rise is thinking in the old paradigm whereby the Fed will suddenly realise the “error” of its ways and reverse policy by lowering rates and restarting QE.
IF I was engineering the destruction of the USD (hyperinflation) as Brandon suggests while trying to maintain the veneer of honesty allowing incompetency to be used as a defense, this is how I would do it:
1. Post 2008 REFLATION: Use QE & ZIRP to completely tap private sector debt capacity in floating asset bubbles to their maximum levels. This also requires supporting markets along the way through direct intervention to prevent any “natural” correction before the appropriate time. The Fed & Plunge Protection Team (PPT) have achieved this so far.
2. Gradually remove the visible supports through QE taper (explained above) and reducing fiscal stimulus as much as possible (remember all the talk about debt ceilings and fiscal cliffs over the last few years?… these problems have NOT gone away but there has been some discussion to justify reduced fiscal stimulus in an attempt to address them). This is important as raising rates with QE or fiscal stimulus in operation would be contradictory and unjustifiable.
3.Possibly engineer one last short squeeze through talking down the rate rise (they didn’t raise in September after all!) and increasing PPT holdings in any markets where necessary (maybe early next week).
4. CRASH: Use this final market rally (to a technical double top) as a justification for raising the cash rate with front running selling by the PPT in order to start the ball rolling then stepping aside as the market crashes under its own weight. Remember cash rate rises in election years (2016) are considered poor form so the Fed is running out of justifiable opportunities. Also leaving this decision to the busiest time of year (one week before Christmas) allows policy makers to escape close scrutiny.
5. STIMULUS: After apologising for getting it “so wrong”, use the deep market crash as an excuse for necessary stimulus in the form of NIRP & QE financed government fiscal stimulus “on steroids”. Cash “helicopter drops” might well be employed to appease an angry, hungry and desperate population. During this stage, companies which go bankrupt will see their assets transferred to debtholders (typically the banks). These same banks will benefit from necessary depositor bail-ins further destroying household savings. Share markets will be re-inflated by the banking elites & PPT which ends up taking ownership of a large percentage of the publicly listed corporations at bargain basement prices on behalf of the govt .
6. HYPERINFLATION: With the now inevitable (surely!) inflation finally admitted and even exagerated by the government statisticians, the Fed will have the justification it needs to continue raising cash rates completely destroying anyone borrowing at floating variable rates and the savings of any holders of fixed rate debt. Note the banks will have already hedged their Treasury debt holdings via derivatives markets and likely most of their corporate debt holdings via credit default swaps (CDS). The Fed and/or government will stand by to guarantee any of these derivative contracts. Any cash proceeds will be quickly recycled into real assets as the only safe havens. In a hyperinflation, rate rises will always lag inflation so switching any remaining savings into new term loans will still see an erosion of purchasing power (especially after tax!). The banks will be the major winners via land & home repossessions, corporate ownership transfers (due to bankruptcies of weak companies or levered buyouts of surviving companies) and precious metal stock piling.
We are currently at the end of stage 2. The likelihood and timing of the transition to stage 4 remains debatable but I would expect it to coincide with some major geopolitical event related to exisiting global tensions. There is a whole flock of black swans currently out there.
Either way (rate rise or not), it will be a very telling week… imo
written by turtlefeet , December 12, 2015
Latest from Ziohedge:
http://www.zerohedge.com/news/...s-monday/
written by richie , December 14, 2015
Brandon,
why if you are MR. GLOBAL [nwo] would you "fracture" the IMF from the optics of its "neutrality" and the "neutrality" of the SDR - by changing its policy of "refusing to lend to countries" that are in arrears - to "refusing" to lend to countries which are in arrears in USD owing monies to western allies? how does this policy change fit into your narrative?
**********************************
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written by Brandon Smith , December 14, 2015
@richie
At no point did the IMF make this a rule for all countries with USD denominated debts. The IMF continues to assert the old lending rules for Greece and many other nations that also owe USD debts. They only changed the rules for ONE country - Ukraine.
Why? Because the elites NEED Ukraine economically viable so that they can continue to use it as a flashpoint for the East versus West theater. If they allow Ukraine to implode economically, then how can they use it to engineer more tensions between Russia and NATO? The rule change had everything to do with Ukraine and nothing to do with the dollar.
Regards,
Brandon Smith
written by Greg o. , December 15, 2015
"Fourth, because a smooth transition is not what the elites want. They thrive on chaos. Chaos is the alchemy that mutates the collective psychology of entire civilizations. They need chaos in order to make global changes while the masses are distracted by their own need for survival."
This is about as good as you can sum up the bastards' MO.
written by The Parashootman , December 15, 2015
Hey Brandon -
Just curious here. Do you have an opinion you will share on turlefeet's "Adam Weishaupt" post?
Do you align with the 6 steps illustrated? Or do you have a different opinion?
Also, great work on this piece. Loved reading it.
written by Bankster Slayer , December 16, 2015
Brilliant blog here. Truly you are one of a handful of enlightened ones. Now that Fed rate hike is a done deal, please follow up and outline the next dominoes to fall.
written by A wannabe doer , December 18, 2015
Ok so here's my deal and I just would like to know where exactly do you turn to get the right kind of advice from the right kind of person in getting prepped?
Open the phone book and call an investment/financial advisor? How can you find one that will help for more self sufficient way of living? In other words someone with expertise to advise on a personal level on prepping financially.
My husband and I have about 200,000 in his 401k. We have 15 years before retirement and that is the sum total of our retirement income at this point. We are a perfect example of American consumer debt with a mortgage that we can't hope to pay off before retirement, 2 car pymts, and a consolidation loan. So what should we do? What should we do first? We have some food stored and a generator, we have guns and continue to build our ammo. But we are even close to being self sufficient for very long.
I personally have thought maybe we yank our 401k and suffer with the penalties to get our debt gone, sell this house while we can and buy land that can be farmed. But neither of us is sure of the wisdom of that. I read constantly everyday about this stuff but what I fee like I need is some expert advice on our particular situation but who that would be or how to find them remains a mystery...
Anyone else here or been here? Any advice would be appreciated...
written by Tone , December 24, 2015
Brandon, I like most of what I've read here, but have a big question...You say the Elites thrive on chaos, yet Pastor Lindsay Williams is telling us the elites want to avoid chaos, revolution, etc. So which is it? Seems to me they're putting security measures into place to avoid chaos locally. Or by chaos, do you only mean economic-wise?
written by Brandon Smith , December 29, 2015
@Tone
I don't really put much stock in what Lindsay Williams says. As far as I can tell he was only right once, and that was on the timing of oil prices jumping, ever since he has not been very accurate. We're all partly wrong on occasion (timing is the most difficult issue of course), but someone should have at least a moderate list of solid predictions before they are treated as indispensable commentators.
written by Rascal , January 02, 2016
Brandon, broaching a different subject I would like you to expound upon the suspicion that the feds will at some time after the initial collapse of the USA call for a confiscation of gold again in order to support the new economic system and currency in this country or will America just become a useless appendage of the new world order and not need a currency. In my opinion the USA will not be needed any longer and population reduction can be implemented here, after all the American taxpayer is all used up and basically contributing "0" to the new order. 360,000,000 less people in the world would make it easier to provide for and control. After all who wants to restrain 50,000,000 gun owners and rebels at heart. Just eliminate them. China has 2 billion new anxious consumers waiting to take our place in the world.
written by Cashed IRA , December 24, 2016
Been there and we did it. Cashed out our IRA, paid penalty and taxes on it. Turned it 100% into physical metals. We have been adding to it since 2010. We sold our home and purchased land in the country. We built a home on it being mortgage free. No car payments or credit cards. GET OUT OF DEBT! Stock food, water, etc. It's hard work but it was done.
