"Debt ceiling" is no where near to be entering the final showdown. Its the "switch" for the controlled demolition of the Central Banks. Wont happen until we are at the precipice. Remember the timeline:
The LIBOR to SOFR involves $600 trillion in contracts and a hard date for legacy contracts already in play must be changed to SOFR by June 30 as deemed by the Federal Reserve.
IMO the checkmate will happen after the world economy crashes. That's the biggest wake up moment for people.
Debt Ceiling is irrelevant IMO. You can have it go either ways and the world economy still crashes.
Yes, but exactly what will make it crash? Remember this is a controlled demolition, and hence both sides have specific set of event(s) prepared to pull the plug.
Several things can make it crash. It is foolish to think either side can "control the demolition" of something so huge and gigantic. The biggest cause of the crash will be regular peoples stubbornness to continue buying into luxury items, not living in their means, and taking on debt to extend their make believe world of pride and ego.
Cantillion Effect (written about in 1720s) causes citizens of every World Reserve Currency in history to go back into poverty due to that country not manufacturing anything anymore. (Read "Cantillons Essays, especially Chapter 8 towards the back)
LIBOR to SOFR transition changing the worlds interest rate benchmark system and therefore the changing value of contracts, banks, and corporations instantly. Can bank illiquidity like we're seeing.
Corporate Mortgage Backed Securities fallout due to very low demand for urban real estate ($7 Trillion+ market).
Record high credit card debt, auto loan defaults.
Federal Reserve continuing to increase interest rates.
Continuing supply chain breakdown that can from the 2020 pandemic and printoff of 5X our circulating currency in 2 years.
Foreign businesses going broke or cutting off from trade with the US in order to save their own business.
Foreign countries coalescing like BRICS and investing in gold, silver, and crypto.
WW3 announcement
Nuclear scare event
In the short term though, almost all countries have their debt denominated in US dollars and have to pay their debt back in $USD. This will cause the demand of the dollar to rise fast in the short term and make the dollar " more valuable" for that time period meaning it'll curb inflation and stocks will stagflate or will fall in comparison with the dollar. We are likely just beginning this in the stock market.
Gold, silver, and crypto outside the us monetary system (and anything readily sellable that is in demand) will be good investments to keep your wealth.
Those countries will take a few years to pay off most of their dollar denominated debt but once it is paid off, those dollars don't disappear. The eventually make their way back to the country of origin (USA) which will cause insane inflation over in the States.
When you see "US dollar denominated debt in foreign non-bank entities" has peaked, that is your signal the dollar is dead. There is nothing Trump or anyone will be able to do then, the best thing he can do is lead and shepherd the USA into manufacturing goods as fast, high quality, and high volume as soon as possible.
Trump and the military cannot control the economy, they can just lead the elites into the best case scenario for dumping this economy and this system but there are no guarantees. Shit will absolutely hit the fan when the banks start crashing.
China has much more trade than the US right now but their people will be eating shit for a long time from their own kind of 2008 moment over there. They will also suffer the effects of the Cantillon effect (probably much quicker) as manufacturing gets outsourced and leaves China since it is now overall too valuable for cheap labor.
Several things can make it crash. It is foolish to think either side can "control the demolition" of something so huge and gigantic.
You are looking at this with the belief that we have a free market. If that were the case everything would have crashed in late 90s. Catherine Austin Fitts explains well what they did then, and how they have been extending this illusion through various financial black magic.
Nothing in the market is natural. Everything is controlled. Every single thing. Hence its not a stretch to believe the demolition will be controlled as well. If this were not the case, we wouldnt have needed this long timeline while setting all the "charges" in the right place, so that when the demolition happens it wont take down We The People but just the Cabal assets' assets.
He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard
Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).
Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"
The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.
"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.
There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that. After everything in the last 3 years, you will see major chimp out from the public no matter what happens and that won't be controlled. It will get messy.
The hope that I have is that cryptocurrencies can be used as an alternative financial system to much more quickly build back from the fallout that will happen because historically it takes at least a generation (20 years) to come back from falls a lot less high than what the US is facing. That manufacturing know how and competitiveness doesn't come back overnight.
The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.
It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.
Maybe they can operate on the momentum of their positions of authority.
Its not just, think of it as oil in the system ... you can keep going for a while before its all flushed out. Flushing it all out is also part of the clean up I believe.
Actually, 1913 would work. Life was good. Government was operating on commerce tariffs without taxing the citizens. Employment wages went home with little to no taxes being withheld. Gold and silver was the standard.
Then the WORST President (Woodrow Wilson) in U.S. history saw the 16th Amendment (IRS) established with the Federal Reserve Act to follow in 1913.
The IRS is nothing more than the goons for the Federal Reserve and their economic slave indentured based on worthless monetary value system. More effort to shut down should be directed towards the Federal Reserve. Remove the FedRes and life will revert back to 1912/13.
"Debt ceiling" is no where near to be entering the final showdown. Its the "switch" for the controlled demolition of the Central Banks. Wont happen until we are at the precipice. Remember the timeline:
u/#q3387
I don't see why you think that. CBDC platform FedNow opens to the public in July.
LIBOR to SOFR change must be implemented by June 30.
FedNow is not a forcing move.
Libor to Sofr - not sure how forcing that is. All are definitely end game moves. But are we at the checkmate already? Not so sure.
The LIBOR to SOFR involves $600 trillion in contracts and a hard date for legacy contracts already in play must be changed to SOFR by June 30 as deemed by the Federal Reserve.
IMO the checkmate will happen after the world economy crashes. That's the biggest wake up moment for people.
Debt Ceiling is irrelevant IMO. You can have it go either ways and the world economy still crashes.
Yes, but exactly what will make it crash? Remember this is a controlled demolition, and hence both sides have specific set of event(s) prepared to pull the plug.
Several things can make it crash. It is foolish to think either side can "control the demolition" of something so huge and gigantic. The biggest cause of the crash will be regular peoples stubbornness to continue buying into luxury items, not living in their means, and taking on debt to extend their make believe world of pride and ego.
In the short term though, almost all countries have their debt denominated in US dollars and have to pay their debt back in $USD. This will cause the demand of the dollar to rise fast in the short term and make the dollar " more valuable" for that time period meaning it'll curb inflation and stocks will stagflate or will fall in comparison with the dollar. We are likely just beginning this in the stock market.
Gold, silver, and crypto outside the us monetary system (and anything readily sellable that is in demand) will be good investments to keep your wealth.
Those countries will take a few years to pay off most of their dollar denominated debt but once it is paid off, those dollars don't disappear. The eventually make their way back to the country of origin (USA) which will cause insane inflation over in the States.
When you see "US dollar denominated debt in foreign non-bank entities" has peaked, that is your signal the dollar is dead. There is nothing Trump or anyone will be able to do then, the best thing he can do is lead and shepherd the USA into manufacturing goods as fast, high quality, and high volume as soon as possible.
Trump and the military cannot control the economy, they can just lead the elites into the best case scenario for dumping this economy and this system but there are no guarantees. Shit will absolutely hit the fan when the banks start crashing.
China has much more trade than the US right now but their people will be eating shit for a long time from their own kind of 2008 moment over there. They will also suffer the effects of the Cantillon effect (probably much quicker) as manufacturing gets outsourced and leaves China since it is now overall too valuable for cheap labor.
You are looking at this with the belief that we have a free market. If that were the case everything would have crashed in late 90s. Catherine Austin Fitts explains well what they did then, and how they have been extending this illusion through various financial black magic.
Nothing in the market is natural. Everything is controlled. Every single thing. Hence its not a stretch to believe the demolition will be controlled as well. If this were not the case, we wouldnt have needed this long timeline while setting all the "charges" in the right place, so that when the demolition happens it wont take down We The People but just the Cabal assets' assets.
You need to read Richard Cantillons Essays.
https://www.amazon.com/Essay-Economic-Theory-Large-Print/dp/1479321583
He wrote them 20-30 years before the self purported "Father of Economics" Adam Smith wrote his works. Richard
Cantillon is known as the "Father of Enterprise Economics" (even though he wrote about economics in general first).
Cantillon is very briefly talked about in a Bachelors of Economics and then completely forgotten even in Graduate studies. The college Economics curriculum is all about teaching "guhvernment spending guhd"
The US is not the first reserve currency and by the 1720s this cycle had happened several times. You can have a much clearer lens and view on how the economy works when you look in history on how previous reserve currencies rose and fell. Cantillon gives very simple and complete explanations that are still very relevant today. In fact the only unknown between his explanations in the 1720s and now is the advent of cryptocurrencies which are not tied to any one country.
"Financial Black Magic" is just debt and the rolling over of debt into new debt along with different ways of hiding it. There's also electronic trading tricks now that allow fake trades to happen to scare regular investors out of their asset.
There is no way this can be a controlled demolition. Yes Trump have all the banks, pharma companies, FBI/CIA, etc liquidated. It doesn't change the fact that there is much more debt in the system than there is money. It doesn't change the fact that there will be a severe supply chain breakdown and that millions if not billions of people will die as a result of that. After everything in the last 3 years, you will see major chimp out from the public no matter what happens and that won't be controlled. It will get messy.
The hope that I have is that cryptocurrencies can be used as an alternative financial system to much more quickly build back from the fallout that will happen because historically it takes at least a generation (20 years) to come back from falls a lot less high than what the US is facing. That manufacturing know how and competitiveness doesn't come back overnight.
The US has been following the same patterns that reserve currencies followed previously. At the very end of a reserve currency, that countries citizens goes into abject poverty. Citizens money has historically always been tied to their country. Countries with reserve currencies at the end of their road don't manufacture things anymore and are heavily in debt.
It all goes back to people unwilling to live in their means and diving into luxury items. Regular United States citizens are no different than other people and their ego gets them in the same trouble.
I've been wondering about this.
Maybe the cabal can operate for a while without their slush funds. Maybe they can operate on the momentum of their positions of authority.
Is the demolition of the central banks the last move?
Its not just, think of it as oil in the system ... you can keep going for a while before its all flushed out. Flushing it all out is also part of the clean up I believe.
They all need to be charged with fraud and theft!
Shrink the federal government to the 1990 level.
Heh - I was gonna say 1890 but 1789 is good too.
Actually, 1913 would work. Life was good. Government was operating on commerce tariffs without taxing the citizens. Employment wages went home with little to no taxes being withheld. Gold and silver was the standard.
Then the WORST President (Woodrow Wilson) in U.S. history saw the 16th Amendment (IRS) established with the Federal Reserve Act to follow in 1913. The IRS is nothing more than the goons for the Federal Reserve and their economic slave indentured based on worthless monetary value system. More effort to shut down should be directed towards the Federal Reserve. Remove the FedRes and life will revert back to 1912/13.