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The Coming Collapse of the Global Ponzi Scheme

Posted by freedomforall 9 months ago to Politics
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Excerpt:
"It won’t be long before governments around the world, including the one in Washington, self-destruct.

Strong words, but anything less would be naïve.

As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency to stop.” Case in point: fiat money political regimes. Interventionist economies of the West are in a fatal downward spiral, comparable to that of the Roman Empire in the second century, burdened with unsustainable debt and the antiprosperity policies of governments, especially the Green New Deal.

In the global Ponzi scheme, thin air and deceit substitute for sound money. As hedge-fund manager Mitch Feierstein wrote in Planet Ponzi, “You don’t solve a Ponzi scheme; you end it.” Charles Ponzi and Bernie Madoff

made some of their investors a whole lot poorer, but the world didn’t come crashing down as a result.

For that‌—‌for a Ponzi scheme that would threaten to bankrupt capitalism across the entire Western world‌—‌you need people much smarter than Ponzi or Madoff. You need time, you need energy, you need motivation. In a word, you need Wall Street.

But Wall Street alone doesn’t have the strength to deliver a truly cataclysmic outcome. If your ambition is to create havoc on the largest possible scale, you need access to a balance sheet running into the tens of trillions. You need power. You need prestige. You need a remarkable willingness to deceive. In a word, you need Washington."
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D.C. is again proven to be utterly corrupt and intent on remaining in power and wealthy by stealing from its people.
It can't be reformed.
NIFO
SOURCE URL: https://mises.org/wire/coming-collapse-global-ponzi-scheme


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  • Posted by Dobrien 9 months ago
    Debt as a weapon…..
    After the civil war America was up to its eyeballs in debt, and its economy was being flooded with fiat currency. In 1866, with Lincoln recently assassinated, the United States could not have been in a weaker position. While all of this was transpiring, Bleichroder and the Rothschilds were advising their clients to snap up American Civil War bonds, because the eventual pay-day would be huge.

    Let’s take a moment to summarize the situation:

    Lincoln and Chase issued over $2.3 billion in US government bonds during the Civil War;
    After the war, these bonds traded at a huge discount because of the uncertainty of America’s ability to repay the debt, and the possibility it could cancel a large portion of that debt due to the Public Debt Clause in the 14th Amendment;
    After the war, many Prussians, including Bismarck, bought these bonds hoping to make a fortune, banking on America’s ability and willingness to repay the debt in full;
    When the 1871 Treaty of Washington was signed, the value of the bonds increased dramatically, generating huge profits for the original investors;
    In 1871 and 1873, the US government refinanced their debts in the City of London, and the ensuing bonds were sold back to American investors, thereby locking in the profit for Bismarck, Bleichroder and everyone else who got in on the trade during the mid-1860s.
    There was some serious coin being made during this period. With so much money floating around in the hands of the Prussians and the City of London, the main question was what do with it all.……

    From 1875 – 1914, the great industrial revolution saw the largest wealth increase in world history. This was achieved without a central bank, hard-currency or income tax. According to Paul Warburg, this incredible achievement was all bullshit. In his mind, it was time to introduce income tax, and a Prussian central banking model.

    Warburg is known as the “architect of the Federal Reserve”. His creation was a central bank modelled on the German Reichsbank. He was one of the Federal Reserve Board’s original members. In 1916, he became the Vice-Governor of the Federal Reserve, just in time for America’s entry into WWI.

    The money raised from Liberty Bonds, as well as other means of debt issuance, needed to be deposited and “banked”. The newly created Federal Reserve was now the banker for federal government deposits, and they readily accepted the monies raised from Liberty Bonds. Coincidentally, Paul Warburg was appointed Vice-Governor of the Federal Reserve during 1916 – 1918; instantly he became an expert in “war financing”:
    The reality of 1917 was that Germany instigated America’s entry into the Great War. The United States government then raised an incredible amount of money, mainly from patriotic American citizens, in the form of Liberty Bonds and other debt instruments. This debt was deposited into the Federal Reserve, allowing for the creation of massive amounts of money and credit through the fractional reserve banking system that had just been set up by Warburg.

    By the end of the war, the financial process that unfolded left Americans in more debt than ever before:
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    • Posted by Dobrien 9 months ago
      In 1917, America was attacked like never before; not by a bomb, bullet, or an invasion; but by the machinations of international finance. When the 16th Amendment was ratified in 1913, it provided the framework for the federal government to service a debt level that was magnitudes greater than before. When the Federal Reserve Act was passed, it allowed for the creation of credit by the central bank through fractional reserve banking. The Federal Reserve became the banker for the federal government, and in order to expand credit, they needed lots of deposits. When America declared war on Germany, those deposits came in the form of Liberty Bonds.

      By the conclusion of the Great War, the Prussia-controlled German Reich was sitting in a powerful position. The Reichsbank had doubled its gold reserves, paid for the Bolshevik revolution in Russia, and the American people were in debt up to their eyeballs, all overseen by a private bank structured by the Warburg family. No wonder Max Warburg advised the Kaiser in 1913 to be patient because “our enemies are getting weaker internally
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      • Posted by Dobrien 9 months ago
        When William of Orange conquered Britain, the bankers got the Bank of England. When Kuhn, Loeb & Co. was established in 1867, wave after wave of German bankers arrived to join them. Paul Warburg arrived at Kuhn, Loeb & Co as part of this wave, and the US Federal Reserve was established just over a decade later.

        The dodgy origins of the US Federal Reserve is best described in G. Edward Griffin’s book, The Creature from Jekyll Island. However, the Federal Reserve was just one trophy in a long series of events which first began with Gerson von Bleichroder.

        While Frederick the Great gave sanctuary to Jews that served his vision for Prussia, such as bankers Daniel Itzig and Moses Mendelssohn, Gerson von Bleichroder was the first Jew to receive a noble title in Prussia. This was most likely because of his service to the kingdom and his ability to bankroll the Reich, the Kaiser, and Otto von Bismarck. He was a loyal servant of Prussia.

        Bleichroder’s ability to financially play both sides of a conflict meant that he was “hedging his bets”. When America and Britain signed the 1871 Treaty, both nations effectively exchanged their sovereign laws for an international court, overseen by the Kaiser. The Treaty ensured it was Bleichroder’s clients, who owned Civil War bonds, who truly came out on top.

        Bleichroder’s legacy firm carried on operations well after he had passed away. The firm moved to New York in 1937, as Arnhold and S. Bleichroder. In 1963, they hired George Soros after he completed his masters at the London School of Economics. Bleichroder helped launch Soros’ first hedge fund, the Double Eagle, in 1969.
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    • Posted by 9 months ago
      Was the 14th amendment intended to free people or to enslave them in war debt?
      Note that the confederate states were controlled by overseers from the 'union'; the
      people of the confederate states had no voice in the creation, passage, nor in the
      ratification of the 14th, and it can be argued that as a result it was never ratified
      since not enough states ratified it of their free will.
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      • Posted by Dobrien 8 months, 4 weeks ago
        Yes usurping the American people as We the People. To we The selected leaders was by design ,
        In the art of war you have to know your enemy.
        That’s why I harp on who what when where and how. The core premise of #PrussiaGate is that Prussia is not a nation, but an army that controls nations. After two catastrophic world wars, Prussia disappeared from the world diplomatic stage, and became invisible. This invisible army transformed into a battalion of globalist corporations and central banks, and embarked on a mission to secure the world’s resources and supply chains. These corporate entities are now highly-coordinated and operating in lockstep with self-declared psychopathic elites from the World Economic Forum (aka the ReichsWEF). I also like to call them MotherWEFers. They are joined by other maniacal think tanks such as the Bilderberg Group, Bohemian Grove, Council on Foreign Relations, and other globalist conferences. During these get-togethers, bankers, CEOs and fake hedge fund managers also get to dabble in their favorite fetishes to “destress” after a hard days work discussing their cult-like obsession with global depopulation.
        The 1871 treaty of Washington gave the Prussian Kaiser total ruling over America and GB dealings.
        FFA you more than most have been pointing to this time period over and over and I am thankful for your insight as I started looking at that period with a foundation of truth.
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      • Posted by 9 months ago
        The 14th amendment should be titled "Destruction of Liberty Amendment."
        It greatly increased power of the federal government, effectively destroyed
        states rights, and kept any former confederates from ever holding federal
        office even if their people selected them.
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    • Posted by $ blarman 8 months, 4 weeks ago
      Don't forget the British Bank of London - another central bank. They were out of money and being threatened with default in the run-up to WW I. They also wanted the US involved in order to loot their coffers and to provide the cover necessary to re-finance their own operations under guise of "crisis." Why did Duke Ferdinand get assassinated and by whom? Look no further than the central banks of Europe.
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      • Posted by Dobrien 8 months, 4 weeks ago
        Yes , certainly not forgotten, in fact it is one of the targets. Many people who have travelled to London will have walked through the City of London without realizing that it is a completely separate jurisdiction to the rest of the UK. Even most Brits are unaware of this fact.
        What has this got to do with America? To begin to answer this, we must recall that President Trump once mused, “we are at war with a horrible, invisible enemy.” It is worth noting that the City of London has a rather interesting nickname: Invisible empire.
        How, exactly, did this tiny plot of soil on the river Thames come to be defined as an “invisible empire”? To understand this, we must look into the origins of the City of London Corporation. https://prussiagate.substack.com/p/18...
        1871 - Part I
        Orange Londonia

        WILL ZOLL
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  • Posted by jluvalle 8 months, 4 weeks ago
    As a reply to they cannot print the monopoly money fast enough, that's why we're getting FEDNOW and digital dollars...
    Unfortunately a turnkey authoritarian system.
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  • Posted by term2 8 months, 4 weeks ago
    The end of the current system will be the destruction of the dollar, and the prevention of any escape from that. After that, people will have to 100% rely on the government to live (the real design of the CBDC). People with no savings or preparation of self reliance methods will turn into total sheep. The preppers are RIGHT I think. Atlas Shrugged was a documentary, NOT a novel.
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