The collapse of Silicon Valley Bank and Signature Bank is more than about the bad management and costly woke policies of its’ top executives. When you add in credit policies of the Fed and the self-inflicted wounds of America’s foreign policy chiefs, you see a humanly created situation that will – and is intended to – bring down the entire system and move us into a New Global Financial System. And that necessitates the total take-down of the American Empire, which will be the by-product of the collapse of the Dollar.
Let’s start with the banking crisis. On March 10th, Federal regulators took over and closed down Silicon Valley Bank. When the Fed kept jacking up interest rates the old T-Bills held by banks like SVB became worth a lot less money. So, they didn’t have enough assets to cover their cash needs. That’s what triggered the markets to panic. The Dow Jones began to plummet. Across the board, America’s financial institutions have $620 billion in “unrealized losses.” Unrealized losses is “when an asset’s value has decreased, but it has not yet been sold.” Now nobody wants to buy those assets at face value. The new, higher interest rates on T-Bills are what is wanted. SVB and other banks can only sell them at a considerable loss. Some are estimating 25%. But now the FDIC, which insures deposits only up to $250,000 has announced that all depositors will get their money back.[i]
But still there is a contagion that is rumbling through the financial markets – threatening not only financial institutions, but the businesses and citizens they serve. Here are some headlines I found one day on Steve Quayle’s website.
- Asia markets tumble led by Japan, South Korea and Hong Kong as investors weigh SVB concerns
- The Non-Bailout BAILOUT commences – total system collapse temporarily averted with emergency liquidity flood:The claim that the FDIC is bailing out depositors without using ‘taxpayer money’ is a lie
- Charles Schwab leads US financial sector wipeout The firm’s stock dropped over 20% as fears of a banking crisis mounted Schwab is ranked eighth among US banks by assets, with $7.05 trillion in client funds and 33.8 million active brokerage accounts[ii]
This is not just an accident. Here’s a report from Baxter Dmitry at News Punch. “A World Economic Forum insider has been caught boasting that the Silicon Valley Bank crash was an orchestrated plot that went to plan perfectly – and the crash will have a domino effect on the banking industry, leading to a global financial meltdown.” The collapse and transformation of the global economy has long been an admitted mainstay of the New World Order plans. Dmitry points out that Joseph Gentile, a ranking executive at SVB previously worked at Lehman Brothers, which collapsed in 2008 and Enron, which was the biggest bankruptcy in US history. Enron collapsed in 2001. Dmitry’s conclusion: “Gentile is really good at his job. He and others like him are doing the bidding of the global elite. And they are being richly rewarded.”[iii]
Now there is one more major factor in all of this: The inevitable and seemingly engineered collapse of the Dollar. This is on the radar of very many financial analysts. It will bring with it a sea change here in America and it is being engineered as we speak. A number of predictions I’ve seen see it happening this year. In the article Death Of The Dollar, by Adam T, see the crisis climaxing in the latter part of 2023. Similar projections abound. “Inflation will turn to hyperinflation and very soon years’ worth of savings will barely cover your next few meals and bills. ‘Too big to fail’ companies and banks will go bankrupt, with millions of ‘secure jobs’ vanishing overnight. If you lose yours don’t hope you’ll find another one soon. If you are retired don’t think your pension will help you survive what’s coming. Homes will be foreclosed and flood the market causing a real estate crash worse than anything we saw back in 2008. And the homeless and hungry will replace the well-off and prosperous. America will descend into a debt spiral, but unlike today, nobody will want to lend us any money. Our way of life will collapse, and the country might never recover.” It sound hard to imagine in today’s America, even with the blows we’ve taken already. But when the Dollar ceases to be the world’s reserve currency the USA will descent into Third World status.
Here’s some of the history behind it. In 1944 the Bretton Woods Conference established the Dollar as the globe’s new reserve currency. It set the price of gold at $35 an ounce. By 1947, the US held about 70% of the world’s gold and you could always exchange your dollars for gold with the Fed. So, it became “the yardstick for all other currencies and the bedrock of international trade.” Over the years the US economy boomed. It became a lender to many other countries. But it printed money and “debt without ceiling.” In fact, the US “printed too much and ran the debt tab too high fighting in Korea and Vietnam, giving billions in foreign aid, and splurging on projects back home. The rest of the world started to wonder if the US dollar was still covered one to one in gold reserves.
By 1971 the French had lost faith that this was the case and sent the French navy across the ocean to exchange dollars back into gold. The FED complied but the damage was done. The great gold bank run had begun. Realizing he would not be able to redeem all the dollars for gold, President Nixon shocked the world as he abandoned the gold standard that same year.”
That could have begun the end of the American Empire right then, but Henry Kissinger was sent to negotiate with the oil-rich Saudi’s. By 1974, “the United States and Saudi Arabia signed a wide‐ranging military and economic agreement that both countries declared ‘heralded an era of increasingly close cooperation.’ Effectively the US promised to keep the Saudi Kingdom safe from its neighbors, as long as the Saudis agreed to price and trade their oil in US dollars. This led many other important oil-producing OPEC countries to standardize their oil prices in US dollars – and so, the petrodollar system was born. The dollar might not have been backed by gold anymore, but it was now pegged to something just as precious – energy. This created a huge demand for US dollars around the world …. Soon after the Saudi deal, the entire world was trading oil in dollars, even the Soviet Union!…. Since then, there have been a few threats to the Petro-dollar system most notably by Iraq and Libya that the US has dealt with accordingly.”
Fast forward to the present and we face new challenges. China and Russia have been buddying up. And they are part of the BRICS nations – Brazil, Russia, India, China and South Africa, controlling about a quarter of the world’s GDP. And they are expanding. Algeria, Argentina, Egypt, Turkey and the Saudi’s look to be coming on board. And Saudi Arabia is pivoting away from the US as its’ prime ally – due, in great part – to Biden policy decisions. We are no longer as protective ally of that country. So, here’s how this all starts to unravel. There are too many dollars out there. With Russia and the BRICS putting out a rival currency, many nations are turning away from the use of the Dollar. And that new currency will be backed by gold and other precious metals, as well as oil and gas. “The dollar supply would far and away exceed demand. And all that inflation we’ve been exporting for decades will come back with a vengeance….. The way it starts is with the US losing control of the oil markets. Just as America was retreating from Afghanistan, the Saudis signed a new military agreement that did not involve the US. This deal was made with Russia on the 24th of august 2021. Saudi Arabia has grown tired of what they perceive as US disengagement from the Middle East. They have repeatedly accused us of failing to hold up our end of the security bargain. In 2019 rebel attacks temporarily cut their crude output in half. And America did nothing about it. But it was the way in which we left Afghanistan that probably pushed them over the edge.”
The demand for dollars will be gone, so they will be coming back home. This is what will fuel hyperinflation. China can read the tea leaves and has been dumping T-Bills for the last few months. That is how we get from here to there.[iv]
[i] America’s $620 billion ticking time bomb, Daily Mail, March 13, 2023
[ii] https://www.stevequayle.com/, March 13, 2023
[iii] Baxter Dmitry, WEF Insider Admits Silicon Valley Bank Crash Is a ‘Great Reset Scam’, News Punch, March 13, 2023
[iv] Adam T, Death Of The Dollar, Ask A Prepper, February 2, 2023
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