Prelude to a Financial Meltdown

valuecreator

valuecreator

Well-Known Member
Silver Stacker
from strategic culture foundation

The momentum pushing for the overhaul of the financial system from its current disorderly state of unbounded speculation (amounting to over $1.5 quadrillion of derivatives) towards a “reformed central bank-driven” system of green finance is moving startlingly fast.

The fact that this momentum is both coming from “top down” echelons of the City of London as well as the “bottom up” anarchist mobs of Extinction Rebellion is also not a coincidence as it has now been firmly proven that both are coordinated by the same billionaire speculators who created the economic bubble of an economy now ripe to blow.

In the case of Mark Carney’s Bank of England, the former Bank of Canada governor/Goldman Sachs man has recently led the hectic campaign for a green digital crypto-currency to replace the bankrupt US dollar. Since his announcement of this crypto plan on August 22, the Bank of Canada quickly fell into line declaring its support of the agenda on October 15.

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valuecreator said:
from strategic culture foundation

The momentum pushing for the overhaul of the financial system from its current disorderly state of unbounded speculation (amounting to over $1.5 quadrillion of derivatives) towards a “reformed central bank-driven” system of green finance is moving startlingly fast.

The fact that this momentum is both coming from “top down” echelons of the City of London as well as the “bottom up” anarchist mobs of Extinction Rebellion is also not a coincidence as it has now been firmly proven that both are coordinated by the same billionaire speculators who created the economic bubble of an economy now ripe to blow.

In the case of Mark Carney’s Bank of England, the former Bank of Canada governor/Goldman Sachs man has recently led the hectic campaign for a green digital crypto-currency to replace the bankrupt US dollar. Since his announcement of this crypto plan on August 22, the Bank of Canada quickly fell into line declaring its support of the agenda on October 15.

read more
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The top wants reformation so they can cover their debt fuelled positions without making any losses. The bottom want reform because they are blind sheep being led to the slaughter. The rest of us are just trying to get by and covering our ass with precious metals. Mankind has so much potential, but there is no bigger threat to our progress than usurious greed. They do say money is the root of all evil.
 
On a similar note, ZeroHedge recently put up an article talking about the planned next crash. They always use the same play book. It always amazes me more people don't see it by now.

https://www.zerohedge.com/markets/feds-liquidity-response-too-little-too-late-was-always-plan

The Fed is continuing to do the bare minimum necessary to appear as though they are taking action while actually accomplishing very little.

They clearly have no intention of kicking the can any longer. The Fed WANTED a crash, and now they have it. The reason why is perfectly logical: The central bank, under the control of globalists at the BIS, needs economic chaos to provide cover for what they call the “global economic reset”. Essentially, it is the controlled demolition of the old world order to make way for their “new world order”.

As I've noted in previous articles, they've done all his before and openly admitted to causing crashes in the past, including the Great Depression. After each of these financial crisis events, globalist institutions have been formed and leaps forward in global governance have been taken. The implosion of the Everything Bubble appears to be the last intended economic crisis event before total centralization is achieved.
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Homelessness is growing in countless western countries - here's what's happening in Germany:

The number of homeless people in Germany jumped over 4% between 2017 and 2018 - an increase of approximately 30,000 people, according to government figures cited by DW.

Some 678,000 people in 2018 did not have permanent accommodation, up from 650,000 in 2017, according to Germany's BAG, a nationwide consortium aimed at helping the homeless. Of that number, 41,000 are out on the streets.

"Compared to the previous year 2017 this means an increase in the total annual figure of 4.2%," Werena Rosenke, head of the BAG, said on Monday. -DW

What's more, Germans with migrant backgrounds are experiencing higher rates of homelessness at 5.9% vs 1.2% for natives.

[...]

germany-homeless.jpg


source: https://www.zerohedge.com/economics/homelessness-germany-rise-migrants-hit-hardest


Homelessness is a collapse indicator. Needless to explain. Detroit is a "fine" example

Paris, Berlin, Vienna are following the example.

If it keeps growing like this, then by 2020 there will be more than 800,000 homeless in Germany.

The best solution: use the ECB money-printing machine to fund the construction of a brand new city for the homeless - "Homelessburg" could have sckyscrapers, a metro system, highways, shopping malls and football stadiums. There's plenty of money.

The Fed's QE should be used for funding the reconstruction of Detroit.
 
I agree. Think how much it would stimulate the economy if everyone got a trillion bucks. Footloose and fancy free!
 
valuecreator said:
In the case of Mark Carney’s Bank of England, the former Bank of Canada governor/Goldman Sachs man has recently led the hectic campaign for a green digital crypto-currency to replace the bankrupt US dollar. Since his announcement of this crypto plan on August 22, the Bank of Canada quickly fell into line declaring its support of the agenda on October 15.
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I know I seem to be harping on about the same thing but the USD is not bankrupt and the USA can't go bankrupt. Unless they choose to do so which they won't.

That's important to understand.
 
I think 10,000-100,000 $/year/household should do.

They should provide donations of various sums to people based on the situation they're in:

Give 10,000 $ as a form of help to people with little or no debt, those who need it the least (for example, as a form of donation to young people who need funds for their studies).
Give as much as 100,000 $ to big families with a lot of debt (who are potentially in danger of being thrown out onto the streets).

The donated money will solve a lot of society's problems and will help pay off personal debt. It will then propagate through huge portions of the economy. And, in the end the debt will gradually go down, it will even create (false) economic growth.
 
TreasureHunter said:
The donated money will solve a lot of society's problems and will help pay off personal debt. It will then propagate through huge portions of the economy. And, in the end the debt will gradually go down, it will even create (false) economic growth.
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This is referred to as “people’s quantitative easing”. All it will result in is spiralling price inflation, asset bubbles and the concluding busts.
 
leo25 said:
This has been posted a few times, but is so good ill post it again.

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Thanks for posting that. Probably not the best way to start my Sunday. Think I need a beer... Lol.

So, I'm wondering. Maybe the GFC didn't go to plan?, thanks to the Chinese going on a spending spree?

Edit : Because Chinese stimulus seemed to be actually based on stimulating the real economy, not the banking sector.

Screenshot_20191117_121900_com.android.chrome.jpg
 
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I’ve not seen the video but this kind of stimulus is used for a good reason. 80% of the funds goes into the packets of officials and cronies. This is how the Hainan mayor gets caught with hundreds of kilos of gold bars in his basement.

All this goes on until a financial crisis hits and a bank run happens. The bank asks for state bailout and the central bank will then demand for collateral from the bank. When regulators look into the books of the banks, they will discover that the assets backing the loans are only worth 10% of the loan and 80% of the original sum is already stolen. The other 10% is lost because of revaluation.

This was how the 1997 Asian financial crisis started in Thailand and Indonesia. History is repeating itself but at 100x the scale. The scale is so large that this time round, no one will be able to bailout the banks, not IMF, not the world bank, not the Fed.

It happened again in Malaysia with the 1MDB infrastructure scam - https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad_scandal

What's shocking is that it could happen in a British styled democracy with a partial free press. The result was that the Malaysian ruling coalition of 60 years, the BN, lost the 2018 elections.


Silver260 said:
Thanks for posting that. Probably not the best way to start my Sunday. Think I need a beer... Lol.

So, I'm wondering. Maybe the GFC didn't go to plan?, thanks to the Chinese going on a spending spree?

Edit : Because Chinese stimulus seemed to be actually based on stimulating the real economy, not the banking sector.

View attachment 29929
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Dr Mahatir single handedly prevented this in Malaysia through his currency control back in 1997
so the solution to the engineered crisis
there are alternatives to IMF or ADB predatory loans
 
alor said:
Dr Mahatir single handedly prevented this in Malaysia through his currency control back in 1997
so the solution to the engineered crisis
there are alternatives to IMF or ADB predatory loans
Click to expand...

Thank you @alor . At least I now understand why our politicians ( lap dogs to the US ) and the MSM, spent so much energy demonising him.

Wiki Extract :

In 1997, the Asian financial crisis which began in Thailand in mid 1997 threatened to devastate Malaysia. The value of the ringgit plummeted due to currency speculation, foreign investment fled, and the main stock exchange index fell by over 75 per cent. At the urging of the International Monetary Fund (IMF), the government cut government spending and raised interest rates, which only served to exacerbate the economic situation. In 1998, in a controversial approach Mahathir reversed this policy course in defiance of the IMF and his own deputy, Anwar. He increased government spending and fixed the ringgit to the US dollar. The result confounded his international critics and the IMF. Malaysia recovered from the crisis faster than its Southeast Asian neighbours. In the domestic sphere, it was a political triumph. Amidst the economic events of 1998, Mahathir had dismissed Anwar as finance minister and deputy prime minister, and he could now claim to have rescued the economy in spite of Anwar's policies.[60]
 
^
Is this the first time a top leader (meaning a great power's leader) explicitly mentions "collar collapse"? :D

It's odd, but damn ugly to read this. It's REAL, for those who thought everyone is scaremongering. IT IS HAPPENING.
 
JohnnyBravo300 said:
People expect the world leaders to fix climate change when they cant even fix our basic money system. No wonder the world is screwed!
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Everyone is mad about "global warming", but if you contradict them, you'll get treated like Galileo Galilei 450 years ago and get the "you're like Trump" stamp.

But as odd as it might seem, I do personally observe rather cooling than warming. Shorter summer, but a long cool autumn-like period.

Also, summers are not as hot as in the 1990's or until around 2010. More cloudy skies, more cold temperature. Yet, we're supposed to follow the media rather than take seriously what we actually experience.

@JohnnyBravo300 what if climate change overlaps with the financial collapse? Dreadful scenario that no-one wants to think of.
 
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