Unfolding Economic Collapse
Unfolding Economic Collapse by Rory – The Daily Coin
TDC Note – Originally published December 24, 2015. Another article that has been lost due to me mistakenly hiring a complete buffoon to work on my website. There will be more of these articles as they reveal themselves.
It’s Christmas Eve and the house is quiet, for the time being. As the year comes to a close and we take a short trip down memory lane and gaze for a moment into our crystal ball, what do we see?
The unfolding economic collapse is like putting together a puzzle. You need to determine that you have all the pieces to complete the puzzle but you won’t be able to find out until you are close enough to completion to actually know if all the pieces exist. Have we reached that point? Not yet. We are moving much closer and can see more of the puzzle and more of the puzzle pieces. I believe in the first part of 2016 we will have a much clearer view of the Feds time lines and coming actions. The Fed is going to crash the system, that is the reason they exist. In one over-night “policy change” the Fed will be able to scoop up as much of the remaining individual wealth as possible. Will you be in the crosshairs or safely on the sideline preparing your next move?
The economy, by design, is sinking quickly. Will the global economy crash and burn like the U.S. economy? Europe is in equally as poor a condition as the U.S. A lot of people seem to think China is in desperate economic condition. I disagree. China has “stuff”, the Western world has paper/electronic debt and very, very little to show for the spending. China has stuff that will continue to function wether there is currency/money or not.
I recently penned “Economic Disaster” and pointed out several, undeniable, economic indicators that all point to either a massive slow down or crash in 2016. Today, I am more convinced than ever before that I will be proven correct. Once the economic cracks are beyond repair they will immediately begin erupting, assuming we are not in the middle of much larger, boarder based world war than what is currently happening. Even if the wars spread and grow larger it will not stop the economic collapse, it will merely provide better cover and provide the West with a scapegoat.
The Federal Reserve, along with their Masters, the Bank for International Settlement (BIS), have now put into motion, potentially, the final piece of the puzzle to crash the economy and steal what little wealth we have left. We had better do something today to better protect ourselves from the coming storm or we are going to awaken with everything stolen – nothing left. I mean nothing at all left – house, car, currency – everything gone. Call it what you will – “fear mongering” – it doesn’t matter to me as we have a plan and we have been working that plan for almost four years. If you can’t say the same thing, I would suggest you get busy as time is running out.
When the Federal Reserve raised the interest rate, by a slim 0.25%, on Wednesday December 16, 2015, they put into motion the march to the end. The Federal Reserve also, and more importantly, announced there would be a series of interest rate increases during 2016. I now have my plate of crow and am feasting. I have said, for some time, the Fed would never be able to raise interest rates as that would cause too many problems for the U.S., over looking the fact that is exactly the Fed’s job. The Federal Reserve’s, as I have also stated on numerous occasions, sole purpose it to protect themselves and protect their member banks.
How can that happen if the economy crashes and burns? Simple, you have your assets in another location, say China, and your wealth in another currency, like the Renminbi (Yuan). Once everything collapses and falls apart you simply move in and announce there will be a new currency issued and begin a new day. I am NOT saying this is what is happening or is going to happen, it is merely one possible scenario. This is a way to avoid losing all your paper/electronic wealth.
The BIS, over the past several months, has been sending out warnings about 2016 and if the Federal Reserve raises rates the U.S. economy would be toast. Why would the Federal Reserve ignore these warnings and, on top of the small raise in interest rates, state they are going to do more in 2016? Because the Fed’s purpose is to protect themselves and steal everything from you and I. The only way to do that is to destroy the Federal Reserve Note. As Brandon Smith noted in a recent article:
The Fed also has a habit of raising interest rates at the onset of economic instability or right in the middle of a downturn, as it did in 1928-1929, triggering the Great Depression, and in 1931, adding fuel to the fire of financial catastrophe. These particular catalyzing policy actions are partly what Ben Bernanke was referring to on Nov. 8, 2002, in a speech given at “A Conference to Honor Milton Friedman … On the Occasion of His 90th Birthday”:“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.
Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”
Based on this pattern of policy actions leading to fiscal disaster, I believe alternative analysts can predict with some certainty what is likely to happen now that the Fed has raised rates in the middle of the most pervasive economic contraction since the Great Depression was initiated (as Bernanke admitted) by central bankers.
As Ambrose Evans-Pritchard noted recently:
The venerable BIS – the so-called ‘bank of central bankers’ – was the only global body to warn repeatedly and loudly before the Lehman crisis that the system was becoming dangerously unstable.It has acquired a magisterial authority, frequently clashing with the International Monetary Fund and the big central banks over the wisdom of super-easy money.
As you can see this is not new, this is a tried and true pattern, as well as dangerous, that not only created the Great Depression in the 1930’s, and now we have the exact same set up for a repeat performance. Are you listening now?
When Janet Yellen announced on November 30, 2015, two short weeks prior to raising interest rates, that the Fed would NO longer protect the Federal Reserve member banks, I knew something was wrong. The Federal Reserve is telling it’s member banks to file bankruptcy and the Fed would NOT be loaning them money to save them. That contradicts everything the Fed has put into place. By telling JPMorgan, HSBC, CITI and the other criminal banks to file bankruptcy, the Fed is actually saving the banks and setting them up to steal your accounts. Once these banks file bankruptcy your account will be frozen and you go to the back of the line in bankruptcy court!! If you have funds in any of the “too big to jail” banks, or any bank for that matter, now is the time to remove what you can’t afford to lose.
Crash the dollar (problem), the citizens will riot, (reaction) then the citizens will DEMAND the Fed/BIS introduce a brand new shiny currency (solution). Viola!! The people will be enslaved by their own hand. Cashless society could be part of this program as well, as nothing this global crime syndicate implements would surprise me.