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A MASSIVE financial collapse is coming that will destroy everyone’s assets, warns Paul Craig Roberts
It has yet to be fully unveiled, but the United States has been robbed blind by the powers that be, which have underwritten Americans’ financial assets as collateral for the coming pop of the derivative and financial bubble.
Article by Ethan Huff, republished with permission from Naturalnews.com
Quietly outside of public view, those in control have made a series of regulatory changes preceding the coming collapse that basically dispossessed the American people of all our property. Most Americans have no idea this happened, but when the rubber meets the road, they will learn in an instant that their lives and futures have been stolen from them.
Paul Craig Roberts unpacked the issue in a three-part series called “The Great Dispossession” that the bubble will, in fact, pop. It is not a matter of if it will pop, but rather when it reaches its inevitable limit.
“The Fed suddenly and rapidly moved from zero to 5% interest rates, a reversal of the policy that drove up prices of stocks and bonds,” Roberts explains, citing the work of David Rogers Webb.
“The Fed raises rates by reducing money supply growth, thus removing the factor supporting high stock prices and collapsing the value of bonds. This results in a lowering of the value of stocks and bonds serving as collateral for loans, which, of course, means the loans and the financial institution behind them are in trouble. Bonds have already taken a hit. The stock market is holding because participants believe the Fed is about to reverse its interest rate policy and lower rates.”
(Related: Did you catch the Jeffrey Prather interview in which he talks about the impending financial collapse, which will be followed by the implementation of the Mark of the Beast?)
The biggest bubble pop ever
Prior to the great stock market crash of 1929, the velocity of circulation took a precipitous fall. This means the number of times a dollar is spent during a given period of time decreased dramatically, which destabilized the markets.
The private Federal Reserve tries to manage this process to prevent such crashes, but the reality of fractional-reserve banking is that there will always be booms and busts due to the corrupt nature of fiat currency, which is not real money.
What happened in the leadup to 1929 is once again happening today. The 21st century as a whole is marked by a long-term drop in velocity of circulation, which is currently at the lowest level on record.
Meanwhile, stocks and real estate have been driven up to sky-high prices well beyond what they are actually worth in real terms. When the bubble pops, it will be the biggest bubble pop ever, producing unprecedented dispossession and economic collapse.
“When after more than a decade of near zero interest rates, the Fed raises interest rates it collapses the values of financial portfolios and real estate and produces a financial crisis,” Roberts says.
“As the authorities have set in place a system that bails out secured creditors with our bank deposits, stocks and bonds, we will have no money and no financial assets to sell for money. People with mortgaged homes and businesses will lose them, as they did in the 1930s, when they lost their money due to bank failures. People with car payments will lose their transportation. The way the system works is you lose your money but not your debts.”
You can expect more bank collapses, which will mean the loss of your deposits. The federal insurance program will not recoup whatever you lose because, as previously mentioned, all deposits have been turned into collateral for creditors.
“It has all happened before, but not on the scale of what is pending,” Roberts warns.
It won’t be long now before the inevitable happens. Find out more at Collapse.news.
Sources for this article include:
PaulCraigRoberts.org
NaturalNews.com
RELATED REPORT:
WARNING: When The “Petro-Dollar” Collapses, YOUR LIFE Will COMPLETELY Change…
Heads up folks…
I keep sounding the alarm on this because it’s big.
Really big.
And it could change your life overnight.
That’s not my words, that’s Glenn Beck, his guest Carol Roth, even NPR has confirmed.
And when do Glenn Beck and NPR agree on anything?
I’ve been warning you about this for a long time.
So has Bo Polny.
And I’m going to continue to do so.
It might sound boring to you, but I promise you it is not. If the US Petrodollar falls as the world reserve currency, your standard of living and quality of life here in the United States will change instantly and overnight. And not for the better.
Let’s jump right in to this latest video from Glenn Beck interviewing Carol Roth.
It’s only about 15 minutes long but you need to see it.
If the dollar falls, your life will change overnight.
And speaking of things changing overnight, Glenn says we’re at the point where literally you could wake up Monday morning and find all the banks closed.
Watch here:
I know a lot of you like when I post a written transcript so I’ve got that for you here — but then scroll down past the transcript because I have a LOT more to show you.
I’m only getting started.
I’ll connect a bunch more dots for you down below that you need to see.
It’s all coming together: the end of the SWIFT system, XRP, crypto, gold, silver, the fall of the Petrodollar, the end of the FRN, Titanic to Titan…the end of the Federal Reserve, Bretton Woods, Bretton Woods 2.0?
Everything is converging right now, a 100-year event is about to play out.
Here’s the transcript:
GLENN: Carol Roth, the author of The War on Small Business and former investment banker who started to use her gifts for the good, instead of the evil, is joining me now. She’s also got a new book coming out, the week after mine. And they are great hand-in-glove books. You Will Own Nothing.
Could the dollar get knocked off the top spot, as the world’s reserve currency? Challenges are emerging, and history shows, that countries whose currency has dominated the globe, can fall from that global reserve, that top spot, pretty fast, even over the course of a few days. We didn’t luck our way into this position. Listen to me carefully, it was a carefully engineered plan that unfolded in the mountains of New Hampshire, nearly 80 years ago. At the time, the British pound sterling, was the international currency. A title it had held for texting. But Bretton Woods changed everything. Now, this is actually — these are not my words. These are the words of NPR. They just came out with this story. The US dollar conquered the world. Is it at risk of losing its top spot? I know because I’ve been talking about this for a long time. And everyone has said, that will never happen.
And I said, really? Yes, it will.
And places like NPR have always called me a conspiracy theorist, even though they said that Bretton Woods was a carefully engineered plan that unfolded in the mountains of New Hampshire nearly 80 years ago.
Who is the conspiracy theorist? It doesn’t sound like me. It sounds like, if I am, NPR, you are too. But now Carol Roth is with us. Carol, now things are really starting to get serious, because as you said, we are falling ten times the rate than we have since 2003. And countries are getting serious. They — you know, everybody always said, well, we’re the worst — or, we’re the best of the worst. We’re still bad.
CAROL: Cleanest shirt in the laundry. Skinniest kid at fat camp. Yes.
GLENN: Well, now the actual skinny kids are showing up at fat camp, and saying, yeah. And we’re just getting into shape. And we’re just — we’re just — we’re right around the corner. And countries are moving in that direction.
CAROL: So I have to tell you a little thing — a tale on your Bretton Woods. This carefully crafted strategy.
One of the things I learned in researching You Will Own Nothing was from Jim Rickards. He’s a fabulous economist.
GLENN: Great.
CAROL: He told me that you know who really crafted this plan? You know who was really behind this? It was Russia. That basically, Harry Dexter White, who was the negotiator. He was the secretary of the US Treasury. He was the negotiator for the US side.
That he was a Stalinist agent, and the entire plan was to knock Britain off of the pole position. That was the plan. They didn’t even sign the agreement. They just hung out. They were there. They hung out in the back room. They didn’t sign the agreement.
But our US Treasury Secretary, who was negotiating this, was a Stalinist agent. This has been backed up even on Vox.com. So, again, not conspiracy. I have it very well-cited once Jim told me.
Because it sounds kind of loony, but went back and did the research.
And this was actually Russia’s plan that created this. And the entire focus, they didn’t care about the US.
They wanted Britain out of that power position, because they felt like that would make them stronger. And I say this and I share this in this discussion, because I think that as history rhymes, we need to keep that in mind. That if there ends up being some sort of a global cabal that comes together, or a war, that there are people that are focused on this.
GLENN: Yes.
CAROL: Right now. It’s Russia. It’s China. It’s China courting Saudi Arabia. And we have issues, not just with reserves, but also that the key piece. Because you asked me this one time offline. It’s not just the reserves. The reserves allow us to finance debt cheaply at the government level, and create some arbitrage.
But really what is this pole position as well, is being a huge piece of the payments.
We dominate, dominate. And have not lost ground, by the way, on the payment side. But China.
GLENN: Hang on. You’re talking about like the swift payment system.
CAROL: The global payment.
GLENN: Got it. If you talk about SWIFT. SWIFT is this international payment system, that connects the global banks. And says, this is what will happen in terms of global trade, $100 trillion a month goes through SWIFT.
GLENN: Oh, my gosh.
CAROL: And right now China only has about 2.4 percent of that. So they are working on clawing their way up. They are trying to make deals. They’re trying to convince the Saudis to let everybody pay. Including them. Pay for oil and their currency. The yuan. And so obviously, they’re kind of really focused on this. There was a China Arab conference last week, the first of — the first one I think they’ve been doing for ten years.
And a few things were announced. One, the Bank of China is opening its first branch in Riyadh, which is the Saudi Capitol. And then out of that, I can read you this. I am going to quote this from CNBC.
The Saudi minister said: Saudi Arabia and China are part of a multi-polar world order. And their mutual interests are, quote, strong and rising.
So the Saudis, are playing both sides of this. Right, they don’t want to give up, their sort of alliance with the US. But they see the weakness, and they see the weakness coming from our president. But they also see the weakness in terms of the attempted destruction of their own economy.
All of this green nonsense, that’s being pushed in the US, and with the other G-7 countries. It threatens their livelihood.
So, of course, they’re going to hedge their bets. China is the largest net importer of oil. And on a per capita basis, they use a fraction of what they do here in the US, so there’s an opportunity for growth.
GLENN: Well, that’s because some people have electricity, and most people have nothing.
CAROL: Exactly. Exactly.
GLENN: Right.
CAROL: So, you know, they are trying to say, you know, we’re going to — yes. We are the ones who said, you could have the petrodollar. And we are the ones who have been plowing our profits back into the Treasury. And you allowed us to do that and hid that fact. But, you know, now, you don’t really look as strong as you’re used to. So we’re going to hedge our bets. And we don’t really think you’re going to do anything about it.
And this has not only economic implications, Glenn. But obviously military implications as well. Because one of the things that we provided the Saudis for allowing the petro dollar, and we’re plowing their dollars back into Treasuries. Is we said, okay. Well, we’ll help you out militarily.
Well, guess who is knocking on that door right now. That is China.
GLENN: Oh, yeah. Oh, yeah. So someone asked me the other day, when do you think — and I said, nobody could predict this. This could literally happen — today is Thursday. Monday, you could wake up and the banks would all be closed. And we would be in a dire situation, because I don’t know.
We went to Russia — went to war with Russia overnight. Any big shock could trigger this.
And we might have big shocks that come and go. And we were just kind of coasting there.
We have no idea.
But what people have to really understand is: When it happens, life as you know it, in America, is completely different. Correct?
CAROL: Yeah. I think we’ve talked about this before. Sort of coming to grips with reality. You don’t want to be in that situation. And just be processing that situation if and when it happens. You want to be prepared for it, and say, okay. I’ve gotten past the shock already.
I kind of expected this day might come. And, hey, I have a plan in place.
Because I know that there will be chaos. You know, you started with Bretton Woods. Once that Bretton Woods agreement was signed. It was something like 15 years, that it took to change out the global financial order, in a way that everything was sort of smoothly operating and the US was fully in that pole position. It didn’t just happen one day to the next.
And there was chaos in these transition periods. And sometimes there are transition periods before there’s a wholesale change. So you may have these — these kind of interim periods of chaos.
And certainly, we’ve seen that domestically. In things like with the banking crisis. And the financial crisis, and the like. But there could be sort of an international chaotic period.
And that’s why you really do need to have the diversification, in your portfolio, as well as that personal plan.
What are you doing in your personal life, and in your community. To make sure that something goes awry. And there is this chaos. What are you going to do to make it through that period? Again, this doesn’t mean that the dollar is going away. It doesn’t mean that the entire US economy collapses forever. It just means that the stakes are shifting. And everybody is telegraphing it. This is one thing I noted, in your upcoming book, Dark Future. I also talked about it, in you will own nothing.
Is the White House has telegraphed this. Joe Biden has said, there is a new world coming. And, quote, unquote, we have to lead that.
Now, of course he was talking to elite business people, so I’m assuming that means him and his friends. But this is not like a conspiracy at all. This is — you type in Joe Biden, New World Order into Google. You will get tons of search results. We all know this is coming.
GLENN: And you will get from that same speech. As I have it in my book. You take the phrases that are in his speech, you type them out. And you have western leaders and world economic leaders, using exactly the same verbiage.
So they’re all aware of something.
But you’re not. Because media won’t report on it. And anybody who does report on it, will say it’s a conspiracy theorist. You’re a conspiracy theorist.
It’s not. They’re all saying it.
CAROL: And you have to say to yourself, okay. The elite and wealthy people in the world know that the financial stakes are shifting. Are they going to just sit back and hope it works out for them?
Of course not. They will do everything in their power to make sure they are molding it and controlling it to whatever standpoint they can. And to make sure they and their cronies come out on top.
And that’s where we take the conspiracy element out of it.
It’s not so much that they intentionally want to keep you down.
They just want to keep themselves up. And they don’t care what happens to you. And if you are at their expense, then so be it.
GLENN: Exactly right. So be it.
PAT: That’s really the takeaway. And that’s why you need to prepare, and make sure that you do the things, so that you can manage through this chaotic periods. And do everything you can so that you own as much as possible.
And will actually be happy, not the you will own nothing in the end.
GLENN: Right. Carol Roth from CarolRoth.com. If you go to CarolRoth.com/Glenn, you can find out more of her work and follow her.
She’s really, really good.
She writes for TheBlaze, among other places. And she’s written a new book called you will own nothing.
It will release July 18th. You can find it at CarolRoth.com. Or you can go to Amazon. I will tell you, when you buy my book or her book, it usually is. These people who bought this book, also bought that one.
They go hand in hand.
Mine is dark future. It is coming out a week before hers.
Mine is a — much more of a, how this is going to control. And what their plan really is.
Carol is so much better than I am.
Of taking all of those plans, and saying, here’s what you need to know, to do.
This is how you can save yourself.
And it’s — it’s a fantastic book. You can get it, wherever books are sold.
Again, it is You Will Own Nothing, by Carol Roth, and my book at the same time. Dark Future.
Same topic. Not a lot of — I shouldn’t say that. I was going to say, not a lot of the same information.
Just presented in different ways. One to warn, one to say, here’s how you protect yourself.
And Carol is great. Thank you so much, Carol. Appreciate it.
CAROL: Thank you so much. And, by the way, Glenn. Thank you so much. You are the number one endorsement on the back of the book.
I so appreciate it.
GLENN: Will you send me a copy?
CAROL: We sent it to you. We sent it to you. So you should have it any day. This is early release copy, because Glenn was so instrumental. You were the first person that I emailed. And I said, this is what I’m thinking. And you pushed me to go deep. And connect all these dots. So I’m just so grateful you to. And so grateful for Dark Future. And those being companion pieces together.
GLENN: Yeah, Carol, thank you. God bless.
Now if you’re a little confused about why the U.S. Dollar is so important, you need to see this.
It’s the “petrodollar” and it’s the reason we have such a high standard of living here in the USA.
But when it falls?
Worse than the Great Depression — and here’s that word again: overnight.
Watch this and I think you’ll understand:
The standard of living in America will FALL OVERNIGHT if the petrodollar falls…
“Worse than the Great Depression”
PREPARE NOW
Watch: pic.twitter.com/bBbq9TI0oP
— DailyNoah.com (@DailyNoahNews) June 24, 2023
And here is NPR of all places, confirming exactly what Glenn Beck, Bo Polny, me and so many others have been telling you:
The dollar is the world’s currency: It dominates global business.
The dollar is surging. This is who gets helped — and hurt — by its newfound strength
Economists call it the “global reserve currency,” a fancy title the dollar got about 80 years ago that has brought some pretty serious perks to the U.S. economy.
But could the dollar get knocked off the top spot? There are challengers emerging, and history shows that countries whose currency dominated the globe can fall from that top spot pretty fast … even over the course of a few days.
How it started: timing + muscle + lots of gold
The U.S. dollar did not luck its way into the top spot.
It was a carefully engineered plan that unfolded in the mountains of New Hampshire nearly 80 years ago. At the time the British Pound Sterling was the international currency. A title it had held for decades.
The dollar’s rise happened pretty suddenly at the Bretton Woods International Monetary Conference in 1944. Bretton Woods was a gathering of world leaders at the end of World War II. They came together to try and establish an international system for trade and finance, to help bind the world together and increase prosperity for all.
Now let’s talk solutions…
Because I can’t leave you hanging just with doom and gloom.
As always, I leave you with SOLUTIONS!
You may have noticed Glenn brought up gold.
In fact, you’ve probably been hearing a LOT about gold.
There are many credible rumors saying gold will back the new reserve currency that’s about to emerge…wouldn’t THAT be interesting!
Gold has been the ONE currency to have stood the test of time.
Literally “God’s Money” it has never gone to zero and by all accounts never will.
And the Central Banks know it.
I always say: watch what they DO, not what they SAY.
There’s a phrase on Wall Street called “talking your book”.
It’s a pretty evil thing…
Basically what it means is while you are telling the world one thing, you are secretly doing the exact opposite behind the scenes.
Why?
Because if you can make the entire market panic (retirees, workers contributing to 401ks, people trying to get ahead with investments), then you can swoop in while they’re panicking and buy on the cheap!
Vice-versa, if you can create euphoria, you can get the public to buy in at exactly the wrong time….all while you cash out.
It’s what Wall Street has been doing forever.
And history is repeating itself right now with Gold and Silver — in my opinion.
For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells.
Now, we see why.
The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.
So…the only question is, are you going to do what they TELL YOU or do what they DO themselves?
It’s why Jim Cramer is wrong almost EVERY time on CNBC.
His job is not to give you great Financial Advice.
I sure hope you didn’t think that.
No, his job is to “talk the books” for Wall Street and get the narrative out that they want!
Even if it’s wrong — like it is over and over and over.
So, what can you do?
You can do what the Central Banks are doing…get some Gold and Silver.
Precious metals.
God’s money.
I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…
Oh and here’s the best part…it’s from a faith-driven, conservative precious metals company whose mission is to help Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.
Unlike most companies offering similar services, Genesis deals only with physical precious metals.
So important.
They do not offer “virtual” or “paper” gold or silver.
Oh, and you know who else loves these guys?
Superman.
Literally Superman, Conservative Actor and the man who once played Clark Kent on ABC, Dean Cain.
Check this out:
With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.
Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.
Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.
Visit genesiswlt.com or call 866-292-0443 today.
Don’t wait too long, according to Weiss we have more bank failures right around the corner.
You know what has NEVER “failed”?
Gold. Precious metals. Indestructible.
There’s a reason they call it “God’s money”.
Watch this for more:
Stay safe!
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