Thomas Jefferson Prophecy Unfolding By Mike Sav
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Posted On: 09/16/2021 5:47:25 PM
Re: energy_wave #69626
Thomas Jefferson Prophecy Unfolding
By Mike Savage
Weekly Article September 16, 2021
Global debt is nearing $300 TRILLION dollars. While many may say that it hasn’t mattered so far it appears to me that we are nearing a point where all of the excesses of the past 50 years are about to be called in. This global number is up over $36 TRILLION in just the last year and a half. (Institute of International Finance)
What this means to me is that we are at the exponential growth of debt phase- and likely also asset prices. I am not insinuating that we are at the top just yet- although we may be- only the bankers know for sure.
All bubbles (and this one has no rival in history) have the same chart patterns. It appears as a hockey stick on the way up and then a collapse. Look at any chart you would like. The Fed balance sheet- clearly a hockey stick and the stock averages, if superimposed, follow almost exactly the same path upwards. That is no surprise since most of the “gains” are from stock buybacks and asset purchases by the Fed and their minions. It certainly has nothing to do with fundamentals or our “great” economy.
To me the most important hockey stick of all is the debt being piled on in unprecedented amounts. The problem here is that the Fed and other central banks can conjure up unlimited amounts of “money” to prop up asset prices by buying stocks and bonds. They can make it cheaper to borrow to extend the game FAR further than anyone had anticipated.
What they can’t do, however, is pay the interest that is due on these massive debts- nor do I believe they intend to anyway. I believe that the Fed’s ultimate goal is to own everything and call all of the shots. The BIS (Bank of International Settlements) has said as much when they said “We are planning for total control”. Sometimes they tell the truth.
When homeowners are drowning in mortgage debt and can’t pay the bill, the banks will own the properties. When cities and states finally hit a wall the banks, and even the Fed who is lending directly to Illinois already will take over their assets to satisfy those debts. When the Federal government finally runs into a wall it is likely that the banks will take over many assets like airports, bridges, national parks, etc.
Think it’s impossible? Ask the people of Greece that have lost many national assets to the banks already.
Keep in mind the quote from one of our founding fathers- Thomas Jefferson.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around these banks will deprive people of all property until their children wake up homeless on the continent their fathers conquered”.
A little idea- Home prices are skyrocketing- becoming more and more unaffordable by the day. Many are flying deeper and deeper into debt to keep up. When the economy pulls back (that will likely be a predetermined act by the banks also) many will be unable to service their debt and the property will go to the bank. First inflation- then deflation.
How about anyone waiting for an article that you ordered and it is taking weeks or months to get it?
This can also be tied to the banks. A few days ago, Martin Oberman (Head of Surface Transportation USA) said RAILROADS are focusing too much on pleasing Wall Street at the expense of shippers and the general public. To reach Wall Street profit goals railroads have cut their workforce by 25%. Operating railroads with that many fewer employees makes it difficult to avoid cuts in service and reduce poor on-time performance.
Hospitals are now owned by private corporations and I have had doctors tell me that these new owners (who know NOTHING about health and well-being but ONLY care about profits) were asking them to see a patient every 5 MINUTES. Wonder why healthcare is nothing but SICK care anymore?
I also can’t help but believe that the lockdowns had nothing to do with actual health but it was actually meant to destroy small businesses and mom and pop landlords. This allows those that were moderately successful to be put out of business so there is no competition for the large corporations- owned by the banks and their friends of course. The political class (which in my opinion is completely bought and paid for and do not represent anyone but big business) is complicit in this scheme. While small landlords get wiped out mega corporations are buying billions of dollars worth of real estate that they will likely be renting back to our children and grandchildren. (YOU WILL OWN NOTHING AND BE HAPPY)-Klaus Schwab (World Economic Forum). They do this with cheap “money” that gets conjured up out of nowhere BUT we owe interest on it back to the Fed.
Many have proposed a “debt jubilee”. While I would welcome it so we could all get a fresh start we have to remember that one man’s debt is another man’s asset. The wipeout of debt would destroy many- mostly creditors who were counting on that income and principal to sustain them. It would also deprive the banks of the ability to finish their ultimate goal of owning it all. I don’t believe we could ever have a debt jubilee because we are a debt-based economic system which would cease to exist if all debts were wiped clean.
Besides the hockey stick charts there are many more signs that the end is coming. China has a company named Evergrande that is being compared to our Lehman problem here in the USA. Up to now the CCP has backstopped most of the bad debts but on the 13th. anniversary of Lehman collapsing and the 2008 debacle taking shape shortly after the CCP has basically announced that Evergrande is bankrupt and they will not be paying interest going forward. This could lead to contagion. We’ll see. I remember subprime mortgages were “contained” until they weren’t. It appears that at some point the debts get just too large to bail out.
Of course, the “rulers” in China want none of the blame so they are out rounding up bankers and will likely be making an example of them shortly- if they haven’t already.
Back here in the USA it appears that even the most clueless among us have an eerie sense that the country is moving quickly in the wrong direction. It is clear that there is a “ruling class” that was once meant to be servants of the people- not the other way around. A perfect picture for this would be the pictures of AOC and hundreds of celebrities at the Met gala. ALL OF THE HIRED HELP was required to wear their face diapers BUT NO ONE in the entire crowd appeared to have any masks and were on top of each other. Banks continue to manipulate just about all assets for their own gain and, in the meantime are costing all of us far more than we should have to pay for almost everything- except for gold and silver where they are creating a massive INVERSE bubble so they can score tons on the cheap and scare regular people away with the volatility.
At least in the old days even if people were manipulating markets they would try to hide their misdeeds. It appears to me now that there is no fear of reprisal because they believe all the bases are covered.
Hopefully, this charade will end shortly. Remember, all frauds have their own demise built in. This will be one for the ages.
Be Prepared!
Any opinions are those of Mike Savage and not necessarily of those of RJFS or Raymond James.
https://lemetropolecafe.com/hemingway_table.cfm?pid=17141
By Mike Savage
Weekly Article September 16, 2021
Global debt is nearing $300 TRILLION dollars. While many may say that it hasn’t mattered so far it appears to me that we are nearing a point where all of the excesses of the past 50 years are about to be called in. This global number is up over $36 TRILLION in just the last year and a half. (Institute of International Finance)
What this means to me is that we are at the exponential growth of debt phase- and likely also asset prices. I am not insinuating that we are at the top just yet- although we may be- only the bankers know for sure.
All bubbles (and this one has no rival in history) have the same chart patterns. It appears as a hockey stick on the way up and then a collapse. Look at any chart you would like. The Fed balance sheet- clearly a hockey stick and the stock averages, if superimposed, follow almost exactly the same path upwards. That is no surprise since most of the “gains” are from stock buybacks and asset purchases by the Fed and their minions. It certainly has nothing to do with fundamentals or our “great” economy.
To me the most important hockey stick of all is the debt being piled on in unprecedented amounts. The problem here is that the Fed and other central banks can conjure up unlimited amounts of “money” to prop up asset prices by buying stocks and bonds. They can make it cheaper to borrow to extend the game FAR further than anyone had anticipated.
What they can’t do, however, is pay the interest that is due on these massive debts- nor do I believe they intend to anyway. I believe that the Fed’s ultimate goal is to own everything and call all of the shots. The BIS (Bank of International Settlements) has said as much when they said “We are planning for total control”. Sometimes they tell the truth.
When homeowners are drowning in mortgage debt and can’t pay the bill, the banks will own the properties. When cities and states finally hit a wall the banks, and even the Fed who is lending directly to Illinois already will take over their assets to satisfy those debts. When the Federal government finally runs into a wall it is likely that the banks will take over many assets like airports, bridges, national parks, etc.
Think it’s impossible? Ask the people of Greece that have lost many national assets to the banks already.
Keep in mind the quote from one of our founding fathers- Thomas Jefferson.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around these banks will deprive people of all property until their children wake up homeless on the continent their fathers conquered”.
A little idea- Home prices are skyrocketing- becoming more and more unaffordable by the day. Many are flying deeper and deeper into debt to keep up. When the economy pulls back (that will likely be a predetermined act by the banks also) many will be unable to service their debt and the property will go to the bank. First inflation- then deflation.
How about anyone waiting for an article that you ordered and it is taking weeks or months to get it?
This can also be tied to the banks. A few days ago, Martin Oberman (Head of Surface Transportation USA) said RAILROADS are focusing too much on pleasing Wall Street at the expense of shippers and the general public. To reach Wall Street profit goals railroads have cut their workforce by 25%. Operating railroads with that many fewer employees makes it difficult to avoid cuts in service and reduce poor on-time performance.
Hospitals are now owned by private corporations and I have had doctors tell me that these new owners (who know NOTHING about health and well-being but ONLY care about profits) were asking them to see a patient every 5 MINUTES. Wonder why healthcare is nothing but SICK care anymore?
I also can’t help but believe that the lockdowns had nothing to do with actual health but it was actually meant to destroy small businesses and mom and pop landlords. This allows those that were moderately successful to be put out of business so there is no competition for the large corporations- owned by the banks and their friends of course. The political class (which in my opinion is completely bought and paid for and do not represent anyone but big business) is complicit in this scheme. While small landlords get wiped out mega corporations are buying billions of dollars worth of real estate that they will likely be renting back to our children and grandchildren. (YOU WILL OWN NOTHING AND BE HAPPY)-Klaus Schwab (World Economic Forum). They do this with cheap “money” that gets conjured up out of nowhere BUT we owe interest on it back to the Fed.
Many have proposed a “debt jubilee”. While I would welcome it so we could all get a fresh start we have to remember that one man’s debt is another man’s asset. The wipeout of debt would destroy many- mostly creditors who were counting on that income and principal to sustain them. It would also deprive the banks of the ability to finish their ultimate goal of owning it all. I don’t believe we could ever have a debt jubilee because we are a debt-based economic system which would cease to exist if all debts were wiped clean.
Besides the hockey stick charts there are many more signs that the end is coming. China has a company named Evergrande that is being compared to our Lehman problem here in the USA. Up to now the CCP has backstopped most of the bad debts but on the 13th. anniversary of Lehman collapsing and the 2008 debacle taking shape shortly after the CCP has basically announced that Evergrande is bankrupt and they will not be paying interest going forward. This could lead to contagion. We’ll see. I remember subprime mortgages were “contained” until they weren’t. It appears that at some point the debts get just too large to bail out.
Of course, the “rulers” in China want none of the blame so they are out rounding up bankers and will likely be making an example of them shortly- if they haven’t already.
Back here in the USA it appears that even the most clueless among us have an eerie sense that the country is moving quickly in the wrong direction. It is clear that there is a “ruling class” that was once meant to be servants of the people- not the other way around. A perfect picture for this would be the pictures of AOC and hundreds of celebrities at the Met gala. ALL OF THE HIRED HELP was required to wear their face diapers BUT NO ONE in the entire crowd appeared to have any masks and were on top of each other. Banks continue to manipulate just about all assets for their own gain and, in the meantime are costing all of us far more than we should have to pay for almost everything- except for gold and silver where they are creating a massive INVERSE bubble so they can score tons on the cheap and scare regular people away with the volatility.
At least in the old days even if people were manipulating markets they would try to hide their misdeeds. It appears to me now that there is no fear of reprisal because they believe all the bases are covered.
Hopefully, this charade will end shortly. Remember, all frauds have their own demise built in. This will be one for the ages.
Be Prepared!
Any opinions are those of Mike Savage and not necessarily of those of RJFS or Raymond James.
https://lemetropolecafe.com/hemingway_table.cfm?pid=17141
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