The Economic Reset Has Been Planned & The Bankers Want To Control It - Episode 1329a
Wholesale sales tumble for the 3rd straight month in a row while inventories are building up. We have never seen QE until 2008 and we do not know what an unwind will look like or the discontinuation of QE, which could lead to a disaster.
Rising interest rates will make the debt completely unsustainable. The central bankers knew the fiat system would only last a certain period of time, they have been planning this from the beginning just like they planned to come off the gold standard in 1971. Their main objective is to keep control of the system once the reset occurs.
Debt jubilee.
Wouldn't count on it. It would kill the pension funds, insurance companies and retirement plans that hold the debt. Maybe hyper inflation (from QE on steroids) after we see a wave of defaults. Similar effect, but not a direct cancellation of debts.
I was thinking the same thing. Pay the debt with inflated $. I would rather pay my debts off, with many raises. No easy answer.
HIIIIII and welcome again :)
No one is sure how it will go down, (The BIG RESET) but TPTB will certainly try and retain control! THEN it will be time to take our economic Freedom BACK!
Warehouses full of merchandise, farmers being paid to not farm...while people are hungry and cannot afford new clothes or basic needs filled, is exactly like 1929
and 1973 when we came off the gold standard or should I say it was "temporarily suspended" there were fake shortages of everything including peanut butter and toilet paper
Thank You, Dave good report.
You make the syndicate a bit too "together." This is not a unified cabal. As the gangster syndicate in the U.S. was made of "families" controlling or sharing designated cities or areas, so too the bankster syndicate must accept differences of opinion about money issues and work out an accord. There are probably many accords which have been worked out in the past. I believe that there will have to be some more. Hence, I see the Fed and its European confederates keeping things patched together until 2018. I see 2019 as the dangerous year after which the reset will be worked out and in place by 2020. As things dip into dangerous territory during their consolidation of the new system (which internationally must also embrace China et al), I expect the banksters to roll out the annual free fixed-income as an experiment but also to calm distressed citizens. It can be jettisoned when the final new system begins at least by 2020. Having gotten the money system reset, the banksters & associates can begin to seriously contemplate a looming energy crisis that is daunting.
Great summary Dave. The cryptos are a real wild-card this time around. We may end up with a massive inter-generational wealth reversal as the older, less tech-savvy crowd goes down with the old system and the younger crowd flocks to cryptos, which are much more difficult to control. We're already seeing this in Greece and Venezuela.
Yes, be prepared.