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The financial transformation of the world is in progress.
The "Great Recession" arising from the 2008 financial crash is not over despite government and media claims. That was just the beginning, the early warning signal. We are already in the "Greater Depression".
A recession may last a few quarters as the economy adjusts. This economic decline has gone on for nearly 6 years. That is far beyond a recession. It is a depression. If you haven't realized it, the pitch about "recovery" is a falsehood.
The economy in the U.S. and the world continues to be seriously distressed. Many economists think we have fallen into a deep depression of unknown length.
The overwhelming debt, and the mortgage backed securities and speculative derivatives that contributed in large part to the "Crash of 2008", remain a huge problem, with little attention in the press, and virtually no investigations by authorities. Some major financial institutions are presently holding highly leveraged contracts that leave them very vulnerable to financial disaster. JP Morgan Chase's admitted monstrous losses were just the tip of the iceberg.
The Federal Reserve Board has been running "Quantitative Easing III" for the last couple years. Until recently that was set at $40 billion per month of the FED buying mortgage backed securities with the fake money they have been allowed to create out of nothing for about 100 years. They were simultaneously conducting what some call "QE IV" or "Quantitative Easing to Infinity", whereby the FED has been buying $45 billion per month in U.S. bonds.
$85 billion per month is over $1 trillion per year. This spending is now being "tapered", with each program reduced a few billion at a time. Still, most watchers expect the payments to be continued indefinitely, perhaps with new versions or increases of Quantitative Easing. On the other hand, there are rumors that the FED may actually stop buying Treasury debt soon, as the Treasury has not met the slightly higher interest rates demanded by the bankers.
The accumulation of Treasury Bonds by the central bank is unprecedented. The FED is funding debt that should not be, as that is not the way our government was supposed to finance itself; and they are doing it using fake money created out of nothing. Then they charge us interest on it. The FED has garnered into the trillions of dollars of assets in U.S. bonds as well as in sub-prime mortgages from the ongoing bank bailout.
The FED's actions perpetuate the flood of declining value dollars in the world. For years this spreading of dollars around the globe has delayed painful inflation in the U.S. Now the tide is changing as other nations are bypassing the dollar in international trade. The dollar is being rejected, and much more inflation or a total collapse may be coming soon to the United States economy.
The bond rating of the United States has been reduced twice, and may be again, as the government struggles every year to fund its bills. Further, Moody's rating service has downgraded 15 major global banking institutions, including JP Morgan Chase, Bank of America, Citibank, Goldman Sachs and Morgan Stanley.
Could this be the grand finale of banker scams? It would seem the international banking / major multi-national corporations cartel I refer to as the Transnational Interlocking Corporate Kingdom, is wrapping up their century of plundering the United States and its people with nearly full financial ownership of the government, and sharing owner control of half or more of the property in our land with their Chinese and Russian buddies.
Financial watchdogs say that precious metals prices, especially silver, have been controlled by major players using paper contracts and currency trading. These prices have been artificially held down. Some experts look for dramatic rises in the precious metals before long, especially in relation to the dollar as it loses world reserve status.
With the continued economic uncertainty, the large demand for real silver and gold has made them scarce. Yet the prices have remained low, in part due to manipulators placing phony low-bid paper orders that expire unfulfilled.
China, India and wealthy elitists have taken the opportunity of the bargain pricing to accumulate vast hordes of gold.
Those who have played games in the various financial markets should be cautious. Significant international currency changes are in progress that may have a dramatic impact in multiple markets.
The breakthroughs to new highs in the Dow Jones stock market average not long ago, indicates that a major bubble in the market has also been propped up by FED quantitative easing. Although some analysts thought this was the start of a new bull market, others think the market will crash severely again before long. It is already showing signs of fragility.
Experts in economic and societal trends anticipate much worse major economic challenges and social changes in the next few years. Some warn of an impending total financial collapse.
The financial crisis in Europe has flirted with economic collapse there. If that does happen, it would probably bring the U.S. the rest of the way down to ruin as well. If Western economies fail, the rest of the world would suffer considerably as well.
The substantial surprise "haircut" tax on all bank accounts in Cyprus mandated by the European Union and the international bankers, may have been a prelude to a similar process in Europe or the United States, a "beta test".
In fact, the International Monetary Fund has recommended this type of sudden bank account tax on the wealthy for member nations having financial challenges. Of course, that action would trigger a cash panic, and probably a "run on the banks", so a bank holiday, or a limit on withdrawals of what funds are left might be imposed also.
Wise financial advisors suggest transfer of institutionally held paper or digital assets to personally held substantial assets as much as possible.
Some think the FED may be getting out of the currency game if the Treasury begins issuing its own notes, possibly in conjunction with serious devaluation of the dollar and a global reformation of currency valuations and exchanges. (See the section further below on currency.)
Many of the U.S. jobs created during this recession have been governmental jobs. However, there is a limit on how many the government can hire. Now government workers are being laid off as well. Local, regional and state governments face financial crises as much as the national government.
Much of the manufacturing work that has gone to cheap labor markets in other nations is no longer available to U.S. workers. These old factory jobs are not likely to come back. Lower cost production in other parts of the world is better for the bottom line of giant corporations. Detroit, which used to be one of the most prosperous cities in the world, is now a desolate wasteland of blight.
There are speculations that after the U.S. population suffers for an unknown period as a devastated and economically deprived society, that the Chinese interests will begin hiring U.S. workers at low wages for their new sweat shops here to make the goods that their expanding middle class will consume.
We need creative entrepreneurship and new industries to emerge soon. China, one of the largest foreign holders of U.S. debt, is poised to become the world's greatest economic power. Their workforce of what have been essentially controlled slaves, has been cranking out almost any product at relatively lower cost than other industrial nations, but that is changing.
China is the second major holder of U.S. debt and dollars after the FED. For several years they have been unloading dollars by purchasing assets in the U.S. and elsewhere, particularly real estate and businesses here. It has been reported that more than half of the real estate value in Manhattan is owned by Chinese government companies.
Although China has its own financial bubbles that are about to burst, especially in real estate and banking, they have accumulated and hold a huge portion of the world's gold. It is anticipated they will be making some major adjustments in their currency, and that it may become the new world reserve or the anchor of a basket of currencies serving that role.
With the number of people that are out of work in the U.S., the layoffs now underway by strapped businesses and governments, and the concerns of many about their financial future, people are not buying much beyond necessities. As a result, under-employment continues to be substantial. Now even large retailers are laying off workers.
Many companies have cut employees to part time status to avoid having to provide insurance under the "Affordable Health Care Act". Then the worker is responsible to obtain coverage, but has less income to do so. Raising the minimum wage would contribute to both inflation and job losses, making the situation much worse.
Meanwhile welfare, food assistance and homelessness numbers continue to mount. If the dollar loses value, domestic goods prices will adjust downward to some degree, but prices of imports and oil products would not go down, but more likely up.
Are there any significant signs of real economic growth? The situation is much worse than the manipulated and understated government figures try to suggest.
If you live in the United States, consider seeking out products for purchase that are made here. They are usually well-made and often less expensive than imports.
According to Lindsey Williams, source for insider information about "Big Oil" and the elite powers that be, they intend to move the price of oil up to $150 per barrel later in 2014, and may move it to $250 or more as events that they influence unfold, such as the crises in the Middle East or the destruction of the U.S. dollar.
(NOTE: I know Rev. Williams personally. Back in the 90's, a business associate of mine and I collaborated with Williams on a book. Some do not like his preachy delayed-payoff style of speaking, but he has uncovered a lot of important information over the last 30 years or so. More about Lindsey Williams)
The political disturbances in the Mid East, including the Libyan civil war and the fighting in Syria, combined with the actions of speculators in oil contracts, have pushed oil pricing to $100+ per barrel. It was not long ago that the price had briefly fallen to about $50 per barrel.
Since oil is a manipulated market like most of them, big time players in oil poised themselves for another round of vast profits as the price has climbed again as planned. Those in the know make mega money with any change, down or up.
How has the price of gasoline in the $3 to $4 per gallon range affected you and your neighbors? What if it were $5 or $7 or $10 or more?
Oil is not only used for fuel and energy, it is the source of petrochemicals, which are used in thousands of applications from plastics to agriculture, as well as in pharmaceutical medicines. All of those products will be more expensive if oil prices rise.
When the Federal Reserve Board completed the second round of "quantitative easing" ("QE2") funds in 2011, they had created another trillion dollars in funny money for buying U.S. Bonds as "buyer of last resort". This has substantially increased the national debt and fueled inflation, which is much higher than the altered figures put out by the government (see next section below).
For the last couple years, they have been operating QE3 and QE4, being called "QE to infinity" by some, as quantitative easing was set to be ongoing indefinitely. The FED has begun to "taper" this easing, but could jack it up again whenever the banking establishment chooses.
Quantitative Easing has created amazing amounts of funny money to buy mortgage backed securities debt and U.S. Treasury debt. This along with the European bailouts has been even more inflationary. The inflation in the U.S. would have been much worse if the bulk of these created dollars were not exported in the international banker game.
The FED is currently the largest holder of U.S. debt, with China and Japan holding most of the rest. Other nations no longer want to lend to the U.S., as they anticipate losses from the fall of the dollar. The ongoing funding of government debt by the central bank creating play money out of nothing, is horrendous economic policy.
On the other hand, there have been rumblings that the bankers may cut off the purchase of U.S. debt at the end of March, 2014, as the U.S. has not paid all the agreed upon interest. If so, by April 11, the government would be out of money and disbursements would stop.
World Reserve & "Petro Dollar"
The U.S. dollar has been the world's "reserve currency" since the Breton Woods conference near the end of World War II. The U.S. gave financial assistance for the recovery of many other nations depleted by war, including Britain whose pound sterling was the previous reserve. For seventy years the dollar has been the benchmark currency for international trade.
In fact, the dollar had been exclusively used for Persian Gulf oil sales since the early 1970's, when Secretary of State Henry Kissinger traded guaranteed security enforced by the U.S. military for "petro-dollar" status with key OPEC members, particularly Saudi Arabia.
This status is now being undermined as the "BRICS", several major trading nations, some with oil reserves outside of the Persian Gulf, have made agreements to exchange their own currencies in their oil deals and other business. Further, there are plans under consideration by even the Gulf Arab states to change to a basket of currencies in the trading of oil, or another form of international payments that does NOT exclusively use the dollar.
Abandonment of The Dollar
Nations holding astounding amounts of U.S. dollars and treasury obligations, such as China, have cut off accepting anymore, and they are unloading their holdings. China and Russia are apparently moving to dump their U.S. bonds and dollars on the market as a financial weapon to collapse the dollar. The current saber rattling and sanctions between the leaders of the U.S. and Russia over first Syria, then Ukraine and the Crimea, may both serve as a cover for and lead to that result very soon.
China and Japan have recently concluded an agreement to use their own currencies instead of the dollar in trading various goods between themselves.
It has been proposed that a new world currency replace the dollar as the primary currency of international trade, perhaps one backed by the Chinese yuan and a few other strong currencies, or using the "Special Drawing Rights (SDR)" accounts through the International Monetary Fund (IMF) and the Bank for International Settlements (BIS).
(The BIS, the IMF and the World Bank are the key institutions of the global banking establishment and its owners. These agencies deal financially with the various nation's central banks, such as the Federal Reserve Bank ["the FED"] in the U.S. They exert influence or control over these central banks, and thereby the governments through financial power.)
Standard and Poor, one of the primary bond rating services, downgraded U.S. bonds a couple years ago from their longtime AAA status to AA. Then another rating agency lowered the U.S. bonds to a much lower rating. On the other hand, for some reason the rating was recently bumped up for not apparent good reason.
American tourists are finding that many vendors in other countries will not accept dollars anymore.
The dollar is dying rapidly internationally. Both the Euro and the dollar could collapse completely before long. This may occur at any time. The Japanese Yen is not in much better shape.
On the other hand, the Chinese yuan is expected to strengthen. The U.S. has wanted that to happen to ease the trade imbalance with China. However, China appears to have bigger ideas. They have accumulated vast amounts of gold, probably with the intention of establishing their yuan as at least one of the new world reserve currencies of choice with gold backing.
Asset Backed Currency
There is talk of at least the currencies used in international trade, and perhaps all currencies, being required to have backing by assets similar to the old gold standard of the dollar. Supporting assets could include, gold and other minerals, oil, agricultural or industrial production, etc.
Some believe that as fiat currencies fail (backed only by faith in the issuing government), there has to be a return to asset backed currencies tied to commodities. The international financial interests own the bulk of these commodities, however, so they would still be in control.
Several nations are expected by analysts to significantly reset their currencies. The revaluation of Iraq's currency has been anticipated for several years, since the dinar was artificially set at a pittance during the international boycott of Iraq and the wars there. If the Iraqi dinar is revalued, it might be the most significant of these currency changes.
That possibility and how it would be done is controversial and debated widely on blogs by people of varying degrees of credibility. Although many watchers think this will not occur for several years, many others are looking for it this year, and quite a few of these think it will be very shortly.
It is believed that the FED, the U.S. Treasury and the International Monetary Fund are assuming that a dramatic currency revaluation will help stabilize the dollar and the Euro, as well as other currencies and financially troubled nations.
There is also talk of the U.S. issuing a new U.S. treasury currency backed by assets. If it is backed by gold or oil, those assets are primarily controlled by the transnational financial powers and can be used to leverage financial manipulation as well as fiat currency.
Some think we will be going directly to a world currency based on the IMF's "Special Drawing Rights" (SDR's). That would likely be the prelude to a global government under the United Nations, which is the ultimate goal of the corporate state tyrants who run that institution and most national governments as well.
The IMF, the BIS, the International Bank of Disputes, the Import-Export Bank and the World Bank are the financial institutions that control the international banking system, including loans and trade exchanges. The corrupt World Bank has bound many of these countries with loans and serious debt. The intent has been to prepare the world for a unified international financial system with one currency as a giant step to global governance.
However, there is presently an impasse at the IMF in regard to making big changes. The United States holds veto power over any decision by way of controlling 17% of the IMF voting power. 85% of the vote is required to make a change. Perhaps the U.S. government doesn't want the dollar to be cast aside, or is using its leverage for some other purpose.
Some think the BRICS nations could just leave the IMF and BIS and start their own international banking authority, currency and settlement account system. That would certainly leave the dollar and the U.S. on the sidelines, and our economy relegated to third world status.
Be on the watch for a major change in the structure of international economics soon. Meanwhile, it is considered wise to transfer any liquid assets not needed for current expenditures into substantial goods outside of paper valued in dollars.
With the combination of the U.S. dollar now losing its status as the world reserve currency, the FED pouring our money into the global economy for years, and rising oil and food prices, MASSIVE inflation may soon be generated in the U.S. It is already happening with fuel and food!
NOTE: In March, 2011, a price check at a local northern Ohio grocery chain found green peppers selling for $1.99 EACH! These were not organically grown ones. Commercial leaf lettuce was $2.99 per pound. These items are transported great distances in the winter, and poor weather conditions can cause shortages.
These price spikes were years ago. Now conditions are developing that will bring budget busting food prices.
There is a major drought and unreported amounts of radiation accumulating on the west coast. The nation must realize that California is not able to continue providing the bulk of our vegetable and fruit supplies.
More recently a box of organic cereal was marked at $6.29 that previously had cost about $3.00 at the same supermarket.
Demand for food is exploding in China as prosperity increases, including meats, corn, wheat and soybeans. Meanwhile, U.S. farmers are reeling from the financial pressures from drought, cost of supplies and foreclosures.
The figures used by the government and the FED for inflation are not the same calculations as were used in past decades. The formula has been strangely adjusted to exclude gasoline and food, so that the stated inflation rate is much less than reality. Real inflation, which includes fuel and food in the mix, is now considered to be 8% to 10% or more per year by wary analysts. (See www.ShadowStats.com)
The prices of energy, and anything delivered by truck, plane or boat, and anything sold by a business that has utilities or transportation expenses, go up as fuel does. When the dollar falls and oil prices rise again, other prices will go WAY UP! Is your income going to go up similarly? That is not likely for most people. If you have an income now, will it even continue?
The international bankers have successfully perpetrated their long term strategy to control governments and populations around the world with debt. Convincing politicians, business owners and householders alike that it makes sense to borrow the funds to acquire what is desired ahead of the ability to pay for it, has created a world of debt slaves. The bankers have arranged to create these play money funds out of nothing but the confidence of the borrowers.
We have been duped into thinking that the funny money was real because we got to purchase real assets with it. However, now that the financial plug is being pulled and we cannot generate enough funds to pay for the loan and the interest as well as the necessities like food and utilities, and now that the anchor assets like real estate are not worth as much as when we got the loans, our economy is in deep debt trouble.
Many state governors and municipal officials in the United States are saying that "the day of reckoning is here" regarding their ability to meet their obligations. 46 states are deep in debt and facing huge budget shortfalls. Governments are cutting projects and jobs, trying to reduce the benefits of public employees, and taking steps to get more revenue from their citizens. A few local governments have already declared bankruptcy. Some of them are not even paying their bills!
Add to the debt bubble the additional game of the derivatives market, in which even the big banking institutions are exposed to trillions of dollars of obligations with little or no security, and it is clear that we are on the verge of a financial crash.
Derivatives are speculative pseudo-securities used to hedge financial positions. They have turned Wall Street and London into giant gambling casinos with the world economy at stake. For examples, derivatives were involved in the AIG crisis, the 2008 crash and subsequent bailouts, and the MF Global collapse.
When one or more of the dollar, debt or derivatives bubbles bursting fully hits, banks may close down for a while, governments at every level may claim to be beyond bankrupt and unable to provide the normally expected services, and companies may shut their doors. Even federal government payouts could be suspended.
California has already released thousands of prisoners early in addition to cutting state jobs. Teachers and other public union members in many states are rallying to preserve their collective bargaining power. They are starting to realize that the cuts that are coming will be MAJOR.
A whole lot of people are gradually coming to the end of their unemployment compensation. Other government support programs are being cut as well. This is taking another big bite out of the purchasing power of the populace. Less to spend - less sales of goods - less work - less jobs - less income - and so forth.
People are starting to realize that things are getting worse rather than better. The repeated terrible tumbles in the stock market tell us that the money managers have figured out that the outlook is REALLY POOR. Another major crash is likely to come before long.
Pension programs, both private and public, are vastly under-funded with many in deep doo-doo. Now there are secret government discussions of taxing or fully cofiscating various retirement funds, including 401K's and IRA's.
Retirement assets took a huge hit in the crash of 2008, then recovered somewhat. With the latest crash, some "retirement" funds were decimated again, but an even worse loss is almost certainly coming.
The artificially low interest rates have sustained high bond prices for governments and banks to maintain their reserve requirements and pad their balance sheets. Inflation has begun to force interest rates higher, bond prices are declining.
The solvency crisis will soon be exposed dramatically. The FED may stop buying U.S. Treasury debt, and they are the only ones that have been doing so lately. If so, the paper markets (stocks, bonds, options, derivatives, etc.) will fall. So will a lot of banks.
What are people already retired that are taking multiple financial hits going to do? What about the people who depend on government payment programs to pay for food, rent and utilities? Where are they going to get enough income to meet their needs if government can't pay out and savings are wiped out? The Social Security Administration and other government support bureaucracies are already seeking ways to reduce payouts.
Those whose assets are in dollar based paper forms may suffer tremendous financial losses so rapidly that they would be unable to act in time to prevent it once a dollar collapse hits. Banks may be closed and withdrawals from accounts restricted or frozen. Stocks, bonds and mutual funds may drop so fast that even acting rapidly to sell may result in a tremendous loss.
What if welfare, food assistance and Social Security payments were reduced or curtailed?
The United States could become chaotic as food and energy prices go up with less than half the adult population working, increasing numbers of layoffs and unemployed, retirees becoming broke and the poor left penniless.
It is suggested to move away from cities if possible. As people become desperate for food and fuel, more of them may turn to crime and violence, and as mass demonstrations increase, riots could break out.
Many experts are warning of increased economic and social chaos in the next few years, especially in Europe and the United States. (It has already been dramatic in Greece, Spain, Italy and even England.)
According to the FBI there are over 33,000 gangs in the United States, with a total of approximately 1.4 million members. These are in most major cities, with a lot of rural locations as well. In some cases they control a whole neighborhood or region.
Some of the crime organizations are more organized and well hidden than ever. Many have very sophisticated cover operations, perhaps with covert assistance from police and various other officials, whether by association, blackmail or bribe.
Some analysts believe the "Powers That Be" have designed economic and social conditions to be challenging and stressful on purpose. There is much evidence that the black market drug trade is ultimately controlled by officials for their own financial gain and to foster social upheaval, even in the United States.
The hidden producers who run the giant hypnotic magic show want to control both the theater and the audience -- everything and everyone. These powerful controllers do not have the best interests of the rest of us in mind. In fact their intention is quite the opposite.
Some analysts believe that the international financial and technological power brokers are manipulating global economic factors to further stress the United States economy and society in particular, as well as in other nations around the globe.
It is believed that the goal of these elite power interests is to weaken and disrupt the United States economically until the population is so duped by staged bad news events and the fear they cause, that the people themselves call for intervention (military occupation) and accede to full participation in global bureaucratic governance with expanded international regulations and controls.
We are already witnessing the losses of liberty step-by-step under the rubric of the "war on terrorism", with false flag events and rapidly increasing surveillance and security measures.
These transnational power players have been working for a very long time since the Civil War in the 1860's, to orchestrate the completion of their takeover of the United States. The commitment of a strong people to freedom was at one time the major impediment to their world domination plans, so they had to weaken, hypnotize and reeducate the populace.
The "New World Order" has been in "progress" for many years. The United States government and most assets in the U.S. are effectively privately owned by the international financiers. This has been the situation since the 1930's. The debt these powers have bound us with, and their bureaucratic financial and security regulations have been eroding our liberties for nearly a century. It is already obvious, and will be noticed even more in the coming months.
Just take a look at a United States dollar bill. It says "Federal Reserve Note" on it, showing that they own it. Through taxes, Americans pay interest to use the bankers' dollars, which are debt instruments. The back of the dollar bill is decorated with occult symbols representing the secret intentions of the financial, corporate and intelligence elite and the hidden powerful rulers at the top of the control establishment. Many mega corporation logos contain similar occult symbols.
Click here to learn more about the plans of the elite controllers of the financial / government / military / industrial / technology / pharmaceutical / media complex and its technocrats that have been unfolding for more than a century. This pyramidal oligharchy wants a world wide tyranny with all property for themselves, and most of the population dead except for a small number of controlled servants.
As one of the largest foreign holders of U.S. debt, the Chinese are also accumulating assets in the United States. They have procured companies, banks, buildings and infrastructure. There are reports that there are even enclaves of Chinese residents being developed -- whole cities of Chinese workers and plants being established in the U.S.
Insiders have reported that the mortgage loan fraud has been so extensive that even mortgages that are thought to be paid off may have claims on them from multiple lending institutions. A massive unanticipated transfer of property ownership may be about to take place. It is conceivable that many more people may face foreclosure and eviction seemingly out of the blue, including some who are current on their mortgage payments.
Even worse, are the reports of Chinese and Russian troops trained and quartered in the United States. There is speculation that these may be in place for serving in a martial law occupation of a disoriented and weakened United States population post collapse.
Take A Relaxing Breath
The challenges of life are opportunities for expanding heart love to surround and soften the apparent crisis conditions.
~ Sage Jon
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