Subnostr

This article from the Bob Livingston Alerts is a very interesting theory about the current debt limit fight and the push to implement CBDCs. I can't say it is fact, but it makes sense and is definitely a possibility. Judge for yourself.

In 2021 I published an article in which I outlined the deliberately engineered trap the Federal Reserve has created for the American economy. Specifically, I confronted the issue of strangled liquidity through increasing debt costs vs continued money printing and inflation.

It is an issue that Jerome Powell warned about in 2012, years before he became Fed Chairman; the consequences of creating a stimulus-dependent system and then cutting off the life support. As soon as he was installed as the head of the central bank, he implemented interest rate hikes and balance sheet cuts anyway while pretending as if all would be well.

The result? We just saw the beginning of the end with the latest banking crisis involving companies like SVB and Credit Suisse. It's not just U.S. finances, but banks around the world that rely on liquidity injections from the Fed to stay afloat. They addicted the system to cheap easy debt and now they are taking away the drugs. In other words, no one can honestly argue that the central bankers are ignorant or unaware of the threat. They know better than anyone what is about to happen, and they do not care.

But why does the establishment want a crisis now, instead of five years ago, or five years in the future?

Thankfully, much of the public is becoming aware of the various programs to introduce CBDCs (Central Bank Digital Currencies), but what they may not understand is the manner in which such massive economic changes usually happen. Generally speaking, in order to institute a new economic system, the banks have to take down the old system.

The last time we saw this happen was during and just after the Great Depression and WWII. The deflationary crash and the war conjured the proper amount of global chaos, and before the dust settled the allied nations instituted the Bretton Woods agreement in 1944 making the dollar the de facto world reserve currency while locking the price of gold. Then they established the globalist International Monetary Fund the same year and the United Nations in 1945. The world was centralized dramatically in the span of a little over a decade.

I believe we are fast approaching another engineered singularity, a controlled demolition of existing systems to make way for a cashless society and global governance. I believe this because it's all the globalists can talk about these days; it's not as if they are trying to hide it anymore. The BIS and IMF are actively fielding one-world digital currency mechanisms right now; structures that would combine all national CBDCs under one umbrella. In the meantime, globalist think tanks like the WEF (World Economic Forum) are ranting excessively about the coming era of AI-controlled trade and a "4th Industrial Revolution" in which you will "own nothing, have no privacy" and will be forced to adapt to a cashless socialist "sharing economy."

All they need is a scapegoat to complete their crisis formula. War seems to work well in distracting the masses from the true culprits behind any financial calamity, and numerous institutions are hard at work to convince the public that countries like Russia are to blame for ongoing stagflation problems. Of course, the stagflation crisis started well before the war in Ukraine and many Americans are not buying the spin.

China, a dedicated partner to the globalist project, has shown consistent fealty to the IMF and is a key player in the move toward a one-world currency system. Because they are the largest importer/exporter on the planet and have considerable leverage over the U.S. dollar, they have the ability to strike the final blow as the dollar's world reserve status goes into decline. A heightened conflict with China would be a perfect rationale for the dumping of the Greenback, making way for the IMF's new global currency, called the UMU (Universal Monetary Unit).

However, foreign conflagrations will not be enough for the establishment to keep the American public from scrutinizing their actions. They need a domestic enemy, a frightening threat that lives right next door. That is to say, they need to find a way to blame conservatives and liberty activists for the impending crash that they caused.

Keep in mind that the Biden administration and the leftist media have been aggressively pumping out propaganda asserting that all our fiscal problems including our national debt are somehow rooted in conservative policies. This is nonsense.

At bottom, the majority of our economic threats can be traced directly back to the Federal Reserve as well as the larger international banks, and these institutions enact policy regardless of the political party that is in control of the government. But, if we're going to talk about the group that has most helped the central bankers set the current crisis in motion, the political left wins the prize.

It was Barack Obama and Joe Biden that doubled the U.S. national debt from $10 trillion to $20 trillion in the span of eight years. Trump didn't help matters and did not institute spending cuts at the level he should have, but the bulk of his debt contributions occurred because of the COVID response. I have long criticized Trump for flooding his cabinet with a host of globalists and representatives from the banking cabal, but the accusations that Trump was somehow the guiding hand in the current financial crisis are simply untrue.

It was the Biden White House that pressed for COVID lockdown policies to stay in place for years when they should have been ended as soon as it became clear the COVID virus was a non-threat to 99.8 percent of the population. Biden made it impossible for the country to continue functioning without trillions in COVID stimulus, and it was those measures that finally broke the camel's back. Prices skyrocketed under Biden, not Trump.

The majority of our national debt problems were piled up during the reign of Democrats, and they continue to demand trillions more in spending without conditions.

In the past, the debt ceiling debate has been a predictable farce. Republicans demand cuts, they haggle with the Democrats who want a blank check, nothing is ever really resolved, and the debt ceiling gets raised yet again with no noticeable reductions in spending. The government keeps stealing from the American public at an exponential rate while also triggering more inflation.

Leftists argue that since a mountain of debt has already been accrued, they need to create new debt to pay off the old debt. And, if anyone ever takes legitimate steps to stop them, that group will be responsible for the implosion of the country through debt default. In other words, their argument is a circular con game: "We must keep spending more to fix the problems created by spending too much."

Making budget cuts is portrayed as an act of terrorism by the corporate media. Saving taxpayer money is evil, and conservatives who entertain the notion are also evil.

It would be fair to admonish Democrats for the frailty of their all-or-nothing philosophy; after all, budget cuts can easily be made while also paying for the national debt, right? But here's the thing, the national debt is not the biggest issue. Rather, it is the system's addiction to liquidity, as I noted earlier.

The Federal Reserve is taking away the punch bowl and this is setting the stage for a collapse. Government spending helps to obscure the greater crisis for a time, but what if the conservative effort to cut spending is exploited as a means to lay the collapse on their lap? The narrative is already being staged for this, which makes me wonder if this time a deal will not be magically struck in the eleventh hour. Maybe this time, the debt ceiling is never raised...

It's really a rather simple tactic. All the Democrats have to do is not allow any cuts and continue to demand more spending without conditions. Then, when the contingent of Republicans in Congress that actually cares about fiscal responsibility refuses to back down, the White House, the media and the majority of leftists initiate a propaganda wave, an artificial outcry suggesting that "radical" conservatives are destroying the economy.

Let's put it another way. The story will not be that leftists destroyed the economy because they refused to spend responsibly. No, the story will be that conservatives destroyed the economy because they "held America hostage with debt."

Or maybe not. Maybe this time is like all the other times and Republicans will cave in yet again and the ceiling is raised by another couple of trillion dollars. The talking points I'm seeing in the media and on social media, though, suggest to me that something very strange is about to happen in the debt fight. If it does go down the way I suspect, then it will be vitally important to disrupt the narrative. The economy is crashing for a lot of reasons and none of them have anything to do with the government spending less.

Reply to this note

Discussion