We addressed the pending demise of the banking industry a month ago, which Nancy called the Cash Crunch in a November, 2019 Newsletter. Is the banking industry prepared for their demise? They are used to the status quo, to the tools used to keep the financial industry profitable. These include preventing inflation so that bubbles do not burst into bankruptcies, all of which can disrupt the economy and industry and incidentally affect the jobs and profits of the banking industry.

The Earth, and her peoples and economies, are not in status quo times. This past year crop shortages struck worldwide, so easing the hunger in one country by importing goods from another is less and less possible. How will the people react? At first they will pay higher prices and then they will either learn to be more self-sufficient or starve. Thus, the banking industry will either learn to deal with less profit or face bankruptcy. As we detailed a month ago, a currency may be used as a medium of exchange, but banks and central banks will be out of business.

Would the Gold Standard stabilize currencies? Traditionally this practice was viewed as bringing stability and confidence, as a currency would be backed by Gold, thus many countries are stocking up on Gold. But the Gold Standard was abandoned by many during the Great Depression as it restricted stimulation of the economy. We predicted at the start of the ZetaTalk saga that a second Great Depression would grip the globe. The solution is the same now as then, damn the bankers profits, ignore the bankruptcies, and stimulate as needed. Either way, the Fed is dead.

So many lies. How long before anyone wakes up. So many still don't understand