As of 2020, the U.S. National Debt is well over $26 trillion dollars.
The U.S. National debt is money which can never and will never be repaid. It was never designed to be repaid. The system is designed to self-destruct.
The purpose of all central banks is to overthrow the country where the bank is established, and bring in socialism.
(Socialism: Rule by the wealthy. A two class system of extreme wealth and poverty, with the middle class eliminated.)
The formula is simple, and has been repeated many times around the world:
1. Establish a central bank, the foundation of Communist rule.
2. Destroy the economy thru inflation and government and personal debt.
3. Using mass propaganda, convince the people to blame each other for the poverty and debt crisis, and split into warring factions.
4. Install a dictatorship, a new puppet regime who represents only the international Zionist order, and which imposes Communist rule, stripping away all individual rights and private property, and eventually starving the people and depopulating the region.
The United States did not vote for a central bank, like all other central banks it was imposed on them.
So why is no one doing anything about the crimes of the central bank? Because they are not aware of it. Because over 90% of the population is educated in government run schools, and the remainder is mandated to use a government curriculum. Then they are brainwashed by the Zionist press to concern themselves with only issues of little relevance and never to pay attention to anything of significance.
The education U.S. citizens receive about their central bank is usually one paragraph or so in 4th grade civics which casually mentions that money is created at the Federal Reserve, with cool pictures of sheets of money coming off the press.
Students are not informed that the Federal Reserve makes a profit.
They are not informed the Federal Reserve is not Federal and has no reserves.
They are not informed that the Federal Reserve is unaccountable to the U.S. government.
And they are certainly never informed that the Fed is given extraordinary, limitless power that no one else in their nation has. They can create money out of thin air and actually spend it by loaning it to the population, with full repayment due, plus interest.
Even 4th graders would have a lot of questions.
As a result, no one ever gives much thought to one of the largest businesses in the world, but which provides the smallest quantity of goods and services of any business. (Zero)
Although they contribute less to society than a balloon vendor on the street, they enjoy a net profit of nearly $6 billion per year, plus having all of their operating expenses paid by the taxpayers.
(By comparison, Google had a net profit of $12.6 billion in 2017.)
But that’s not all. The Federal Reserve DOES NOT PAY INCOME TAXES on the profits they make.
As unthinkable as this seems, while productive businesses which provide jobs, goods and services do a mountain of paperwork each year to pay massive income taxes, the enterprise with the one of largest profits and smallest productivity, pays zero.
If you have ever run a business, imagine operating with zero expenses, luxury office accommodations in multiple states, no work to do, hundreds of millions of dollars of monthly revenue, and no taxes to pay!
Meanwhile, everything is running smoothly and according to plan. Since the central bank was established the U.S.
- The U.S. dollar has lost around 98% of its value.
- Inflation is up nearly 3,000%. (Inflation: the method in which wealth is redistributed from the working people to the bank.)
- Homelessness is at or near all time highs in many places and has become a way of life in every city.
- Everyone keeps working harder and harder, for less and less.
But best of all, no one is looking at the central bank, and everyone is blaming each other for their economic problems. The country is more divided than ever. The so-called “left” thinks all of their problems are caused by the so-called “right”, and the right blames the “left.” And the media uses every opportunity to further the divide.
If everyone were to stop fighting each other and suddenly turn all of their attention to the central bank, all the nation’s economic problems could be solved in a matter of hours.
But no one is aware of what is being done. The news media is completely bank owned, and the subject of what the bank is doing is totally off limits for those who want to stay employed.
Any mention of the Federal Reserve in the press always presents them in a heroic light, as the wise and all-knowing, stabilizing force in a world of chaos. Any negative information about the Fed is always countered on air with warnings of how dire things would become without the central bank.
So who are the bankers controlling the central bank?
Who are the men that your grandchildren who have not yet been conceived, already owe years of servitude to?
The information is closely guarded and almost never makes its way into the press, but there are essentially eight families who control the central bank.
Goldman-Sachs
Warburg
Morgan
Rockefeller
Rothschild
Seiffs
Lehman
Kuhn / Loeb
All are central to the international Zionist movement. If you study real history, (which is rapidly being purged from the internet) instead of the cartoon version of history which is taught in Zionist-run western schools you can learn the truth about the rise and fall of the United States.
The roots of this debt enslavement system go back thousands of years, and escaping this slave system is one of the primary reasons the United States was founded.
European governments were quietly run by the banking families already, and the founders of the United States were looking for an escape from precisely this tyranny.
The real British Crown, which was the real source of this persecution is the City of London, a independent city state-slash-banking enterprise inside the city (lowercase) of London, to which the British royals are completely subservient. The Crown was always the real force behind the British colonial expansion in the 17th, 18th and 19th centuries. The City is never discussed in the press, and few U.S. citizens know it exists.
Taxation without representation by tyrannical governments is similar to the pizzo, or “protection money” the mafia would charge residents. (To protect them from the mafia.)
1791
Alexander Hamilton, London’s banking agent sent to re-establish the Crown‘s rule over its subjects, was the key figure in establishing the first central bank in the U.S. in 1791.
Hamilton was described by Thomas Jefferson as “the most restless, impatient, artful, indefatigable, and unprincipled intriguer in the United States, if not in the world.”
Hamilton was able to establish a central bank with foreign shareholders, and impose an excise tax on whiskey, a commodity at the time. The result was the Whiskey rebellion, in which Pennsylvania whiskey farmers tarred and feathered the Hamilton’s tax collectors.
Using his extensive influence over the government, Hamilton was able to get 13,000 troops sent in to crush the rebellion. This was an early example in the new nation of the Crown demonstrating its dominance over the U.S.
1811
Soon after Hamilton’s death, the bank’s 20 year charter expired in 1811.
James Madison was president and had opposed the central bank from its inception. The charter was not renewed and the bank was dead.
Tensions escalate immediately between the Crown and its runaway slave, the United States.
Nathan Mayer Rothshchild states:
“Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”
Nathan Mayer Rothshchild states:
“Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war.”
Within weeks the War of 1812 breaks out.
1812
One of the first in a 200+ year long series of assassinations takes place in 1812, when British Prime Minister Spencer Perceval (pro-British, not a Crown agent) is shot and killed on his way to a meeting in the House of Commons to discuss reducing tensions with the U.S., exactly the opposite of what the Crown wants.
1816
With the U.S. vulnerable after struggling to fund the war to deal with the debts it incurred, the central bankers were successful in re-chartering the bank. In 1816, the Second Bank of The United States was established. As before, a more appropriate title would have included the words London, British Crown, or Zionist, something which would have more accurately reflected its controllers.
Like the eventual Federal Reserve the bank is deceptively named and has the ability to create money out of thin air, loan it in to the economy at interest, and cause deliberate economic booms and busts.
1819
Almost immediately a housing bubble was created, and just like the one exactly 200 years later and all others in between, it was caused by the banks flooding the market with debt based money (essentially counterfeit money – loaned at interest into the economy) causing a surge in inflation. The Panic of 1819 follows, the first large-scale financial crisis in the United States.
1823
The Monroe Doctrine was introduced by President James Monroe, to oppose the continued influence of the Crown in the U.S. The idea was to keep the New World and the Old World separate, and to prevent the problems of Europe from making their was across the Atlantic.
1833
In 1833, with the nation awash in speculative investment bubbles, persistent inflation, and still recovering from 1819, and with the bank charter set to expire in 1836, President Andrew Jackson withdraws government funds from the central bank, famously quoting:
“You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out!”
The bank responded by sharply contracting the money supply, causing a recession in 1834.
1835
Jackson does not back down, and succeeds in paying off the national debt by 1835, the first and only President ever to do so.
“I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country. ”
In January 1835, an assassination attempt fails when a “lone gunman” from Europe tries to shoot Jackson with 2 different pistols. Against incredible odds, each pistol misfires, and Jackson is unharmed. Many suspect divine providence was involved, after both pistols are tested later and fire properly multiple times.
1836
The central bank charter expires in 1836 and the beginning of the U.S. economic collapse is delayed by 77 years, until 1913.
Though one of the greatest presidents ever, to this day the bank owned media still hates Jackson and promotes Hamilton and promotes removing Jackson from the $20 bill at every opportunity. Any pro-American like Jackson is branded a “nationalist” and painted in the least flattering possible way.
1848
Karl Marx, (Moses Levy) a relative by marriage of one of the eight banking families, publishes “The Communist Manifesto,” outlining a revolutionary movement to place the banking families in charge of a centralized world government, by having the poor overthrow and remove the “middle class,” leaving only classes of extreme wealth and poverty, with the banks replacing the government. He calls for a central bank with a monopoly on credit and heavy income taxes to fund the bank. His design is for the bank first to impoverish enough of the masses to foment a revolutionary environment.
The revolution is to be carried out by Marx’s “useful idiots,” who can be used as pawns. His movement is heavily promoted by media all over the world and “spontaneous” revolts break out all over Europe and South America. Although they don’t succeed right away, most nations have been poisoned by Marxist philosophy and will fall sooner or later. The U.S. remains free from Marxism until 1913 when a central bank will be finally re-established.
1861
The American Civil War begins. Although the government mandated, school textbook version of the cause of the war is a heroic overthrow of southern slaveholders, in reality only around 3% of southererns were slaveholders, and there were slaveholders in the north as well. Like all the revolutions taking place around the world at the time, the war movement had been strongly influenced by Jacobin radicals (Marxists) described in the dissertation American Jacobins: Revolutionary Radicalism in the Civil War Era.
President Abramam Lincoln needs help funding the war, but does not want to deal with the banking cartels who offer loans at usurious interest rates. Instead he begins printing U.S. government currency called the Greenback to fund the war effort.
(Nothing is more damaging to the central bankers than countries using their own currency instead of central bank notes. If anyone in the world is permitted to trade with real money instead of the debt-based banknotes, enormous prosperity follows very quickly.
If other nations see the results, this global ponzi scheme will very quickly unravel. Any leader who tries to use non-central bank debt-based currency will always suddenly, urgently become public enemy number one in the press and be targeted with regime change or assassination.)
1864
The Chicago Tribune exposed the Marxist plot against the United Sates in an article published on 10/16/1864, noting that the purchase and ownership of the Democrat party by the foreign banks was the key to dissolving the Union.
“It is perhaps somewhat flattering to our national pride to know that the Rothschilds, who hold up every despotism in Europe, have concluded that it would be cheaper to buy up one of our political parties (the Democrats), and in that way secure the dissolution of the Union, than to have their agents in England and France interfere and fight us.
But Irishmen and Germans have a something, which for brevity we will all a ‘crop,’ and this fact sticks in their crop, that the oppressors of Ireland and Germany, the money kings of Europe, not daring to carry out their first pet project of breaking down this Government by the armed intervention, of England and France,
Let Belmont state over his own signature, if he can that he and Rothschilds have not, directly or indirectly, in their own name, or in that of others, operated in Confederate stocks during this rebellion. Until he can face the music in that style it matters little what tune any of the Copperhead penny whistles may be authorized to blow, as they are very seldom authorized to state anything that is true .”
1865
Abraham Lincoln is assassinated. Greenbacks are never issued again. He had once stated:
“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes.”
1881
James Garfield is elected president. Garfield is a proponent of gold-backed currency, and a small, limited government approach. He is assassinated during his first year in office, two weeks after stating:
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”
1907
Early in the year, The New York Times Annual Financial Review publishes Paul Warburg’s (Kuhn & Loeb) “reform plan:” A Plan For a Modified Central Bank
Jacob Schiff, CEO of Kuhn & Loeb states:
“Unless we have a central bank with control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.”
With no central bank established, international bankers have been operating in the U.S. through ownership or control of many individual banks. They successfully engineer the Panic of 1907 through the usual methods, and then step in to offer financial assistance after many banks and businesses are forced into bankruptcy.
1908
Under the bank-owned president Theordore Roosevelt, who had replaced the assassinated Mckinley, the “National Monetary Commission” is established to “investigate” the causes of the crisis and determine solutions to avoid similar future occurences. Appointed to head the commission is (surprise) a member of the Rockefeller banking family, Nelson Aldrich. The commission concludes that an ideal solution is bringing back a Marxist-style central bank.
1910
A secret meeting is held at Jekyll Island, Georgia. In attendance are several international bankers and one of their “owned” congressmen, Nelson Aldrich. A plan for restoring the central bank is outlined, with Aldrich to introduce it to Congress.
1912
Aldrich introduces a bill in Congress to re-establish a Marixst central bank. A vote is not even held, as opposition to the plan is too strong. Congressman Charles Lindbergh states:
” The Aldrich Plan is the Wall Street Plan. It means another panic, if necessary, to intimidate the people. Aldrich, paid by the government to represent the people, proposes a plan for the (banking) trusts instead.”
In October, a new bill for establishing an income tax is signed into law. Until this point, Americans have not paid income taxes, because they are not necessary.
With a central bank in the works, the taxes will be needed to collect the interest on the counterfeit money the central bank will print and “loan” to the U.S. government. Since the money will be created by the bank out of nothing, and loaned into circulation, and paid back at interest, it means the money to repay the interest will never actually exist.
The only way to pay it, is with future labor.
This means there will always be government debt, and the taxpayers will “owe” the payments on it.
When the Revenue Act of 1913 is signed into law, every American is sold into slavery and pledged as human collateral owed to the central bankers. This marked the end of the United States, and a gradual decline would begin immediately.
1913
The Aldrich Plan to set up the central bank is re-introduced in Congress once again. This time it is named The Federal Reserve Act. (In typical Marxist fashion where all things are called the precise opposite of what they are, the bank established will not be Federal, and there will be no Reserves. It will be an authorization for the private bankers to create money out of nothing and loan it out at interest.)
Said Lindbergh:
“This is the Aldrich Bill in disguise. This Act establishes the most gigantic trust on Earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized, the people may not know it immediately but the day of reckoning is only a few years removed…. The worst legislative crime of the ages is perpetrated by this banking bill.”
Lindbergh is correct, and the day of reckoning will come in 1929.
The bill is intentionally introduced and passed after many Congressmen had gone home for the holidays, as it had no chance of passing otherwise.
1929
After flooding the markets with cash for over a decade, using “easy money” policies, (see: Roaring Twenties) the central bank plans to crash the U.S. economy, so that assets can then be purchased for pennies on the dollar. To execute the plan, they first sharply increase the flow of cheap money late in the 1920’s, and then abruptly reverse course by severely tightening the money supply.
Investors who had been buying stocks with counterfeit money, are suddenly ruined when the market crashes and everyone is a seller, but there are no buyers. Suddenly those in debt are forced into bankruptcy, when they can’t find money to make payments on their loans.
Once stock prices have fallen, the central bankers immediately step in and buy enormous quantities of stock, at the new low prices.
The Great Depression follows the crash and lasts nearly 12 years. During the 4 year period from 1929 to 1933, 40% of all banks failed. Their customers were forced to take their business to the banks that were still standing. As a result the customers and market share of the smallest banks around the country were transferred to larger banks.
(This is the real purpose of all Marxist tactics. A transfer of wealth from the poor and the middle class to the wealthy.)
1932
In a shocking and brazen act of treason, bank-owned president Franklin Delano Roosevelt signs executive order 6102 forbidding the possession of gold except for a very small amount per person, even though the Constitution states that only gold and silver are legal tender. The order requires all citizens to turn in their gold and silver not to the U.S. government, but to the private central bank!
Citizens who fail to comply are arrested and imprisoned and their gold seized without compensation.
This was an act of tyranny which should have caused a full scale revolt, with FDR being dragged from his office, but by this time, the control of the press was so comprehensive, that the people had been neutralized and many were even convinced that the executive order was for their own good and necessary to stabilize the economy. The gold and silver are never returned and the nation is bankrupted, and will remain not just bankrupt, but in debt permanently. This event marks perhaps the greatest theft of wealth from any group of people in the history of the world, as nearly all the wealth in America is transferred from its private citizens to the international central bankers, at gunpoint.
1932
The “New Deal” transforms the United States from a relatively free market system into a welfare state, and creates a large series of entitlement programs and a massive expansion of the federal government. Americans fall into the trap of the Marxist scheme because so many are facing poverty and starvation, and have no real understanding of the true cause of the depression. The Marxist, bank-owned press is blaming “capitalism” when the true cause is for-profit banking.
Much of the New Deal scheme is concocted by FDR’s “Brain Trust,” a group of advisors consisting of bankers and law professors from NYU and Columbia Universities.
This period marks the end of so-called “capitalism” in the United States.
The markets are not permitted to correct, and the depression is extended for over 12 years, instead of 1 or 2.
Among the ideas implemented under the New Deal:
- FDIC created. To provide taxpayer funded “insurance” which would insure that if banks stole the money depositors placed in their care, the taxpayers would refund the depositor. (Instead of the obvious solution of banning fractional resrve lending, which lets banks loan out many times more money than they actually have.)
- Gold Standard suspended. The gold standard connected the money supply to the gold supply, giving the money a form of value and stability, and it provided transparency. This placed great limits on the central bank, and prevented them from manipulating the money supply, so it was removed. As a result, the bank could freely inject (counterfeit) money into the system and then actually get credited with “boosting” the economy.
- Securities and Exchange Commission created. Instead of eliminating the casino known as the stock market, and banning “securities,” a taxpayer funded “commission” is formed to keep a keen eye on these things and allow them to continue but prevent “abuses”. It will fail miserably to protect taxpayers, but will grow in size in perpetuity.
- Federal Housing Administration created. In yet another coup for the banking industry, the FHA guarantees banks that money they lend out for home purchases will be paid back by taxpayers if borrowers default. Although taxpayers have no say and no involvent in any of the loan transactions, they become the signer on the bottom line and the guarantor of all FHA loans, allowing the banks to operate with zero risk, even though the cost of risk is factored into interest rates already. The guarantees cause banks to eliminate many existing qualification standards, and make loans to borrowers regardless of their ability to repay.
1933
Congressman Louis Mcfadden publicly places the blame for the depression on the central bank, stating:
“(The Federal Rerserve) was deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for our hospitality by undermining our American institutions. Those bankers took money out of this country to finance Japan in a war against Russia. They financed Trotsky’s passage from New York to Russia so that he might assist in the destruction of the Russian Empire. …What king ever robbed his subjects to such an extent as the Federal Reserve has robbed us? “
He introduces articles of impeachment of the entire board of governors of the central bank and the Secretary of the Treasury, but failed to get the needed votes. Mcfadden dies of a sudden “illness” after dining at a New York banquet.
1935
Huey Long is assassinated. The Louisiana Senator and presidential candidate preparing for the 1936 election, who is a nationalist , a populist and exretemely popular, strongly opposes the central bankers and often criticizes them publicy, once stating:
“How many men ever went to a barbecue and would let one man take off the table what’s intended for nine-tenths of the people to eat? The only way you will be able to feed the balance of the people is to make that man come back and bring back some of that grub he ain’t got no business with. How are you going to feed the balance of the people? What’s Morgan and Baruch and Rockefeller gonna do with all that grub?”
Long is first “investigated” by the IRS, and when nothing can be found he is murdered. Rather than being arrested for questioning, the assassin is shot 60 times at the scene. Over 200,000 people attend Long’s funeral.
1963
On June 4, President Kennedy strips the Marxist central bank of its power by issuing executive order 11110, which authorizes the U.S. government to issue its own (debt-free) currency. Although the central bank is not banned from issuing currency, the order allows for competition, and ends the monopoly on the issuance of currency. The U.S. Treasury begins issuing its own currency backed by silver to compete with the central banks debt based currency backed by nothing and created from nothing. $4.3 billion in the new U.S. currency was issued, and demand for the new currency was immediately much higher than the demand for the central banks debt notes.
This caused two major problems for the central bank. First the government could quickly payoff the debt, since they could pay without the compounding interest they usually pay the Fed for no reason.
Second and more importantly, the massive fraud would quickly be exposed once people realized how much faster they could generate wealth using currency that is not debt based.
On November 22nd, Kennedy is assassinated.
No more U.S. currency is ever issued after that date.
1965
Under Kennedy’s successor, President Lyndon Johnson, another massive expansion of the federal government takes place. Known as the Great Society, many new programs are introduced which have never been necessary in the past, but serve the twofold purpose of expanding the national debt along with its interest payments to the central bankers, and trapping the program recipients in a condition of dependence on the state: Medicare, Mediciad, Food Stamps, Head Start, Federal aid to schools (which will also give the state control over education.)
1971
With the economy in turmoil and budget deficits rapidly increasing under the Great Society, President Richard Nixon takes the U.S. completely off the gold standard. As a result, the government can now borrow an unlimited amount of counterfeit money and use it to bribe voters in the short term, and leave future generations to deal with repayment. Over the next 45 years the national debt will increase over 5,500%.
1975
After President Richard Nixon is forced from office, his successor Gerald Ford, selects Nelson Rockefeller, of the central banking Rockefeller family to be Vice President. Rockefeller comes with in 6 inches of being president of the United States, when a bullet misses Ford’s head by 6 inches in the second of two assassination attempts.
1980's
The Savings and Loan Crisis is engineered by the central bank, which has been steadily increasing interest rates since 1972 on the countefeit money it creates and lends out. In 1979 they suddenly hike rates from 9.5 to 12%.
Since U.S. banks do not actually have the money that depositors placed in their care, (It has been stolen and loaned out at interest under fractional reserve lending rules, which allow this sort of fraud) it becomes difficult for banks to get their hands on enough money to even pay the interest they have promised their depositors who entrusted the banks with their money. (Normally in this ponzi scheme they simply borrow money from the central bank to pay interest to their depositors, but rates had gone up so much they could no longer afford to borrow.)
The cleverness in the design of the scheme is revealed when over 1,000 small banks will fail from 1986 to 1995. (Of course their customers will be forced to take their business to the banks still standing, resulting in a windfall of profits for larger banks.)
Incredibly, under the Economic Recovery Tax Act of 1981, many of the largest banks are not only permitted to purchase the loans owed to the failing smaller banks at huge discounts, but the loans are converted to essentially taxpayer guranteed government bonds.
The bank-owned media blames non-existent “capitalism” for the financial crimes of the central bank.
1983
Congressman Lawrence Patton Mcdonald is killed along with 269 others, when his plane is shot down. Mcdonald is the cousin of General George Patton and the president of the anti-communist John Birch Society. He once wrote:
“The goal of the Rockefellers is world government, combining capitalism and Communism under the same tent. Do I mean conspiracy? Yes I do. I am convinced of such a plot, international in scope, generations old in planning, and incredibly evil in intent.”
1992
Presidential candidate Ross Perot is a nationalist, in favor of balancing the budget and ending government reliance on debt. He is self-funded and leading the presidential race despite not being a member of either of the bank-owned political parties, which is unheard of in the United States. He employs graphs and charts to demostrate how preposterous and unsustainable the current debt based system is. The visuals are powerful and effective and Perot is leading The media constantly attacks Perot and he eventually drops out of the race, after claiming he and his family had been threatened.
1996
President Bill Clinton signs NAFTA, the North American Free Trade Agreement. This agreement will help drive the nation much further into debt as the economy will be gutted and many U.S. jobs moved to other countries, resulting in millions of americans depending on various forms of government assistance, all borrowed at interest from the central bank. Global corporations, many of which are controlled by large banks will be the biggest beneficiaries of NAFTA, as they can dump American workers with high wages and benefits, and move operations to locations where they can pay much lower wages and deal with much lighter regulatory burdens. Corporations immediately flee the U.S. permanently, taking hundreds of thousands of jobs with them.
1999
In preparation for another manufactured economic collapse, the Gramm-Leach-Bliley Act is passed and signed into law by Clinton. This repeals provisions preventing commercial banks from gambling with depositors’ money.
2001-2005
To complete the manufacture of the crisis, the central bank pumps the U.S. economy full of cash with easy money policies. At the same time mortgage lending standards are relaxed, to allow borrowers with little or no money down, no savings, and little or no ability to repay the loans, to take out large mortgages to purchase real estate. The new demand causes home prices to skyrocket very quickly.
To ensure the engineered crash will be as devastating as possible, many loans are issued with variable rates, so a borrower can sign at a low monthly payment, which will then increase significantly at a later date which will guarantee default on the loans.
Since insiders knew the market was being rigged for a crash, a paper product was heavily traded, called a “credit default swap,” a casino bet that a borrower would default on a debt. If they did indeed default, the seller of the “swap” would pay the buyer. By the end of 2007 the amount of outstanding credit default swaps was over $62 trillion, an amount over 40 times the total money supply in existence. (Oops!)
Once homes reached the peak of affordability the market inevitably collapsed, devastating the U.S. economy and causing millions to lose their homes.
But the big banks who control the Fed did quite well.
A few of the many benefits of the crash:
- Competition from many smaller banks was crushed. A look at the FDIC’s failed bank list reveals many small community banks credit unions, and mostly a list of banks who had little responsibility for causing the crash. All the customers of these banks were forced to take their business to whoever was still standing.
- The central bank was able to appear to be the saviour of the market they destroyed by injecting money into the system.
- Although banks appeared to lose money by selling millions of bank owned homes for half of what they had sold for a few years earlier, they actually made money since most of the homes were purchased for pennies on the dollar when companies like Countrywide, Wachovia, Washington Mutual and Indymac were scooped up by Chase, Bank of America, Wells Fargo
- All of the 5 largest banks in the U.S. saw one or more years with record profit between 2008 and 2013.
- New Marxist style, competition crushing regulations were drafted (in advance of the crisis) and then presented as the solution. The regulations are, as always, crafted so that the large banks can easily handle them, while smaller ones will be put out of business. In an article which appeared in the DesMoines Register, Erik Skovgard, president of Community Bankers of Iowa made a statement which encapsulates the entire purpose of regulations on businesses in the United States:
“We feel like we’re being punished for the sins of the big banks.”
(This article has since been removed from the internet.)
2008
The largest robbery in world history takes place. With media in their control, central bankers begin pushing a narrative that the world will end if the banks are not “bailed out” by taxpayers, to the tune of $750 billion. ( A simple ban on banking for profit was all that was needed.) Although polls show as much as 98% of Americans opposed to any form of bank bailout, the bank-owned Congress passes the bailout anyway.
Right away, the next engineered economic collapse begins. The central bank begins the first of several “quantitative easing” programs. (Marxist doublespeak for injecting counterfeit money into an already devastated economy.) Over the next 10 years prices for food, energy, stocks and real estate will skyrocket and massive speculative bubbles will be re-inflated.
2008
With the economy in turmoil, the central bankers celebrate 100 years of controlling the U.S. by holding a conference on Jekyll Island in the same building where the original secret meeting was held.
2015
Skyrocketing national debt surpasses 15 trillion. The money printing debt binge continues.
2018
Skyrocketing national debt surpasses 20 trillion, with each taxpayer now over $170,000 in debt.
2020
Skyrocketing national debt surpasses 25 trillion.
