I bring up economic issues on this list occasionally because it is the
air that we all breathe, the ocean we all swim in (metaphorically
ofcourse) and because biblical-scale events are in the pipeline.
My previous predictions were based on underlying trends but failed to
account for the intentions of the existing central banks. My assumption
was that the banks intended to bring in a CBDC on an accelerated
timeline and thus would intervene only to steer the ongoing collapse of
the banking system, and not to slow it down as much as they have been.
Apparently they are not actually ready to roll out the CBDC and are
therefore trying to keep the existing system going a bit longer.
You need to understand that the world runs on debt. We live in a debt
based system. I don't fully understand it myself but the system relies
on an ever-increasing quantity of debt to give the illusion of
functioning. This is absurd, we are now paying $1T/year on just interest
payments, not roads, not bridges, not social programs, **INTEREST**. On
the other side of the planet, foreign banks hold US treasury bills
instead of gold as their reserves, and thus requires the US government
continuously go more into debt to manufacture those treasury bills...
Ofcourse the interest causes the debt to eventually explode and
overwhelm the purchasers of that debt but you are not supposed to think
about that...
The natural state of affairs is that as the credit rating of the USA
continues to trend towards junk status, the foreign banks will unload
their bonds for some other reserve, such as Gold which is the
traditional reserve... In doing so, they will discover that many of the
bonds they hold are actually counterfeit and the simple act of trying to
redeme so many trillions of dollars of federal bonds against so few
trillions of federal reserve notes will cause the system to freeze. Lets
call this the death by ice scenario.
Right now there is strong evidence that the federal reserve is actively
printing currency to cover the failing bond auctions and probably
"injecting liquidity" into the system to prevent it from freezing up.
This is hugely inflationary and will lead to hyper inflation and
currency collapse. This is the death by fire scenario.
Whether it is even possible for the fed to print that much money is an
open question. I want to be on the other side of the financial collapse
(fiscal armageddon) as soon as possible. Right now we are just waiting
to see whether the old system will die by fire or by ice... =\
--
Don't let the moon-men get you! =P
#EggCrisis #BlackWinter
White is the new Kulak.
Powers are not rights.
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