PART III – MANIPULATING THE MONEY
Last time we laid the foundation for what looks to some as a looming financial crisis. Trends experts like Peter Schiff and Gerald Celente are warning that it will likely be bigger than the Great Depression of the 1930s. Now we can add Jim Rogers, who like them, predicted the last financial downturn of 2008. Looking at ballooning global debt – (somewhere around $250 trillion) – Rogers is convinced we are on the edge of a giant crash. When asked by an interviewer about the scope of the looming downturn, he replied: “It’s going to be the worst in your lifetime.”[i] But are these just unavoidable natural occurrences? Perhaps not. Brandon Smith of Alt Market argues that they are engineered crisis manipulated into being by the Federal Reserve and allies to consolidate resources. I guess you’d call that Deep Globalism – and its purpose is to bring to birth a New World Order.
Brandon Smith makes an astounding claim regarding the Federal Reserve and economic downturns. It could be considered a tinfoil hat conspiracy, if he did not back it with such a reasoned argument and a general, predictively accurate track record. “Generally, central bankers and international bankers mislead the public into believing that the crashes they are responsible for were caused ‘by mistake.’ They rarely if ever mention the fact that they often use these crises as a means to consolidate control over assets, resources and governments while the masses are distracted by their own financial survival. Centralization is the name of the game. It is certainly no mistake that after every economic implosion the wealth gap between the top 0.01% and the rest of humanity widens exponentially.” Smith then goes on to spell it out quite plainly. Central bank “institutions and the money elites behind them artificially inflate financial bubbles only to deliberately implode them at opportunistic moments.”
So when Smith warns of a coming crash – he looks for and finds motivations among the “financial elite.” He believes that this time they are after the whole enchilada. They want to cap the pyramid. They are looking for the great “economic reset.” What they seek is “a complete restructuring of the economic climate,” replete with a brand new monetary system. [To be fair, Gerald Celente sees a new global reserve currency coming a bit farther down the line.]
Brandon Smith points to the current situation. The Fed and its’ fellow central banks have been pumping money into the system to feed an artificially high stock market rally. And on that score it has worked, jacking the market up to dizzying heights. The other thing its doing is propping up “debt poisoned governments.” But of late, things have changed. Now their reversing the ‘quantitative easing’ – (money printing) – and raising interest rates. And it’s not just the Fed. It’s also Japan and the European Central Bank.
But we should not be surprised at all of this. He asserts, “Every economic bubble and subsequent crash since 1914 can be linked to the policy actions of central bankers.” Former Fed Chief admitted as much with regard to the Great Depression and Alan Greenspan implicated the bank for the 2008 credit debacle.[ii] He is not alone in his assessment. Forbes Magazine came to the same conclusion. “The economic meltdown of 2008 should have surprised no one. Countless economists who belong to the Austrian School of economics saw it coming.” [That Austrian School includes Peter Schiff, who we cited earlier.] Here’s more from the Forbes article. “Why then have Austrian economists been the most accurate about our current financial situation? We mainly need to look at the policies of the Federal Reserve. The single greatest contributor to financial crises is the Federal Reserve manipulating interest rates in ways that distort the true price of capital. As Friedrich Hayek, a Nobel-prize winning Austrian economist noted, prices play an important role in the economy, transmitting information that allows market participants to coordinate their plans. The Fed’s distortions create the boom and bust cycle by distorting the information that the price signal conveys to consumers and producers. It may seem like businesses are overinvesting but they are simply responding to false economic signals sent by the Federal Reserve. An inevitable bust occurs due to all of the bad investments made.”[iii]
Now Brandon Smith predicted back in 2015 that the Feds would begin to raise interest rates. Many thought he was crazy. You see, we live under the false assumption that the Fed’s purpose is to keep the American economy healthy. But history shows us they are either unbelievably incompetent at the job – or perhaps that’s not their purpose at all. Since its’ founding in 1913, “the Federal Reserve has been responsible for the loss of 98% of the dollar’s buying power.” That fact has had real-world consequences. “Over the decades, the Fed has made it nearly impossible for households with one wage earner to support a family.” Today we’re seeing that manifested in millennials that live at home for reasons of personal finance – at a time when previous generations were starting families.[iv]
Another Fed head, Ben Bernanke, in a speech he gave in 2002, admitted the deleterious effect their policy had on the Great Depression. “The banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn….We’re sorry. But thanks to you, – (Milton Friedman) – we won’t do it again.” Brandon Smith’s conclusion: “They are doing it RIGHT NOW.” It was the Federal Reserve that created the derivatives bubble that caused the crash of 2008. Alan Greenspan even admitted they knew “an irrational bubble had formed.” But he said they just thought they could control it. So why wouldn’t they know that they created the stock market bubble and debt bubbles that exist today? This history of central bank manipulation of the economy – for the profit of the bankers predates the Fed experience. Two and a half centuries ago, the House of Rothschild founded banking houses that inside of a generation became the principle financiers of all the Great Powers of Europe; – Great Britain, France, Austria etc. By themselves, or through their networks they bankrolled every side of every major war that has been fought since. At the Battle of Waterloo, their agents rushed back to London a full 20 hours ahead of the official British dispatchers bringing the news of Napoleon’s defeat to the head of the British arm of the Rothschild banking establishment. A false rumor was planted that Napoleon had won. The London stock market plunged and the Rothschild’s bought up the panic-depressed stocks for “pennies on the pound.” Their value shot up again when the real news of the battle came. The great banking house had expanded its power and reach.[v] Now we’ve seen how the Rothschild fortune has become the seed money behind many of the elites of today. The Rothschilds are among the most powerful families that control the Federal Reserve.[vi]
Here’s the crux of his argument. “What does the Fed gain from this sabotage? Total centralization…. After the Great Depression most of those banks were either destroyed or absorbed by elite banking conglomerates. Banking in the U.S. immediately became a fully centralized monopoly by the majors. In a decade, they were able to remove all local competition…. The 2008 crash allowed the banking elites to introduce vast stimulus measures requiring unaccountable fiat money creation. Rather than saving America from crisis, they have expanded the crisis to the point that it will soon threaten the world reserve status of our currency. The Fed in particular has set the U.S. up not just for a financial depression, but for a full spectrum collapse which will include a considerable devaluation (yet again) of our currency’s value.” What follows? “The end of the dollar as we know it.” It will be replaced by a “new global currency.”
And here, in Smith’s words, is the conclusion of the thing. “It is important to understand what the Fed actually is — the Fed is a weapon. It is a weapon used by globalists to destroy the American system at a given point in time in order to clear the way for a new single world economy controlled by a single managerial entity….This is the Fed’s purpose….a controlled demolition of our fiscal structure.” Is he right? Only time will tell. But all of these guys are the ones that were right just a short decade ago.
[i] Peter Isackson, The Daily Devil’s Dictionary: Economy Will “Crash”, Fair Observer, July 5, 2018
[ii] Brandon Smith, The Everything Bubble, September 26, 2018
[iii] The Federal Reserve Deserves Blame For The Financial Crisis, Forbes, June 7, 2011
[iv] Brandon Smith, The Federal Reserve is a saboteur, June 27, 2017
[v] Taken from the Alex Jones film: Endgame – Blueprint for Global Enslavement, October 27, 2007
[vi] Max Kofoed, The Federal Reserve Cartel- The Eight Families, Global Research, January 18, 2016