When America removed its currency from the gold standard back in 1971, the dollar become backed by a single concept… the full faith and credit of the United States. And with the entire fiat paper financial system tied to this singular foundation of confidence by the people, and in the government, all that was necessary for the greatest empire in history to fail was for the world to lose confidence in that belief.
And now 44 years later, faith in not only the dollar but also in the United States is cracking, and accelerating towards a meltdown that will soon end dollar hegemony within the global financial system. And because of this, the elite are left with few options available them to be able to hold onto their confiscated power. And perhaps the most ironic and convoluted of their schemes is to accelerate the end of that confidence and eliminate the dollar in physical form all together.
September is here. As expected, market volatility is increasing. The Great Zombie War is intensifying. And investors are getting scared.
Yes, investors are losing confidence…they’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by numskulls who buy back shares in their companies at record prices just before a major sell-off?
Or maybe they’re wondering whether the world’s $200 trillion in total debt (roughly 300% of total output) can possibly be paid back? Or maybe they’re beginning to puzzle out how scammy and fraudulent the Fed’s policies are.
In the meantime, watch your rear: There’s a serious counterattack coming. It will be an attack on our supply lines. The cronies and the feds will attempt to cut off our finances and our line of retreat, trapping us between the anvil of the market’s deflation and the hammer of the Fed’s inflation. There will be no escape, no way out. – Bonner and Partners
The counter-attack that this institution is referring to is the ending cash in the economy all together.
Few have learned that the Federal Reserve and central banking systems were created by an oligarchy that used control over the printing of money to control the political and economic mechanisms of sovereign nations. And just as the U.S. central bank took one of the richest nations in the world into bankruptcy just 20 years after its creation, and did the same to Europe in the same period of time after consolidating the continent under the Euro system, the primary goal of a central bank is to funnel the wealth of nations into the hands of a tiny elite, and leave the primary populations in poverty, and in need of government welfare to survive.
This is why the Fed and their paid lackeys in Washington will never admit failure when it comes to their monetary policies because the truth of the matter is that they did not fail at all since their goal was to steal all wealth and move it into the hands of a select few. And with the inevitable and repeatable collapse that is now front and center once again before the economies of the world, the movement to end the use of cash is not an offer to solve global financial problems, but a way to institute the next form of control on the people, since their long stated goals of complete world domination require it.
One must always remember the words of former President Franklin Delano Roosevelt when he said “In politics, nothing happens by accident. If it happens, you can bet it was planned that way.” And since the call to end the use of cash is now coming from multiple fronts, and from multiple sectors of society at a time when central banks, paper assets, and even the dollar are losing the confidence of the people at a rapid pace, it assuredly is a move to consolidate control rather than provide a solution to problems and crises that the elite themselves created for this purpose.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com, Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.