6 CENTRAL BANKS AND THE PONZI SCHEME THAT WILL BANKRUPT THE WORLD

The destiny of the world is now in the hands of 6 central banks, Fed, ECB, BoE (England), PBOC (China), BoJ (Japan), SNB (Swiss). This in itself bodes extremely badly for the global financial system. This is like putting the villains in charge of the judicial system. For decades these central banks have totally abused their power and taken control of the world monetary system for the benefit of their banker friends and in some cases their private shareholders.

The central banks have totally corrupted and destroyed the financial system, by printing money and extending credit that doesn’t exist. Everyone knows that creating money out of thin air makes the money totally worthless. These bankers know, that if you stand next to the printing press and get the money first, it does have some value before it circulates. And this is exactly what they have done. Once the money reaches the people, it devalues rapidly. As Mayer Amschel Rothschild said over 200 years ago: “Permit me to issue and control the money of a nation, and I care not who makes its laws.”

WORTHLESS MONEY PRINTING LEADS TO WORTHLESS ASSETS

But the bankers are not just in charge of the printing press, they are also in control of the cost of money in the form of interest rates. By manipulating rates, they are setting aside the natural laws of supply and demand. So they can print unlimited amounts of money and price it at 0%. The effect of this is a debt bubble that can never be repaid and an asset bubble that is so fake that not a single asset is worth a fraction of the value it is priced at.

The central banks are now panicking and are creating trillions of dollars, euros etc. Add to that additional bank lending and government debt and we are in the tens of trillions.

Just looking at the 6 biggest banks mentioned above, their balance sheets have gone up by $3 trillion from $21 trillion at the end of February 2020 to $24T today.

But this is just the beginning. We must remember that it wasn’t the Coronavirus that started the money printing. It all began back in late July 2019 when the ECB warned the world that something was seriously wrong by saying, we will do whatever it takes. A few weeks later the Fed started daily Repos of $100s of billions. This was the time when serious problems in the financial system started.

$5 TRILLION CREATED WITH ZERO INTRINSIC VALUE

At the end of Sep 2019, the Fed balance sheet was $3.8T and today it is $6.6T, an increase of $2.8T most of which occurred since March 2020. During the same period (Sep 2019-April 2020) US debt grew by $2T from $22.7T to $24.7T.

So between the Fed and the US government, they have created almost $5T since the end of Sep 2019. Most of this increase has taken place in April 2020. Remember that this is not real money but just money fabricated out of thin air. It involved no work, no service in return and no production of goods. Thus this money has ZERO intrinsic value. It is just a computer entry of one 5 and 12 zeros. Therefore the recipients of these funds are getting fake and worthless money.

WHY DOESN’T THE FED JUST PRINT THE ANNUAL US GDP OF $21.5T

If the Fed or the US government claims that they are issuing real money that has a real value, why don’t they just print $21.5 trillion annually. This equates to US annual GDP. So instead of having to work and produce goods, every US adult and child is just given $65,000 each. ($21.5T divided by 331 million population). Nobody would need to work and everyone can just spend the money as they like and live in total bliss just like in Shangri-La. Obviously someone would need to produce food and provide essential services but that could all be bought in from low cost countries.

If the US government and the Fed really believe that they are solving all problems by printing money, why don’t they then go full out and print the annual GDP. But why then stop at $21.5T which is the current GDP? Why not print $43T to double the standard of living. Or why not go to $100T so everyone can really get wealthy. If the current system of printing $ trillions or even $10s of trillions works, I would like the Fed and the government to explain why they can’t print $100s of trillions. Are they saying that printing $10T represents real money but not $100T which would be fake? Can any serious observer believe that these 6 central banks will save the world by printing worthless money? How far do they think they can take their Ponzi scheme before the world discovers their bluff?

https://goldswitzerland.com/fed-to-print-9-5-trillion-and-buy-all-the-gold-in-the-world/

Rice: Pandemic an ‘Opportunity’ to Make Sure Every American Has ‘Access’ to the Ballot by Mail

Wednesday on CNN, former Obama administration National Security Adviser Susan Rice said the coronavirus pandemic was an “opportunity” to ensure every American could vote by mail.

Anchor Wolf Blitzer asked, “You’ve written an article, an opinion op-ed in The New York Times, and you say it’s not enough to just get back to normal. You also write this, ‘The coronavirus has laid bare our domestic divisions unequal economy and glaring racial and socioeconomic disparities as well as the fragility of our democracy.’ Ambassador, how should the United States use this crisis right now to address some of those problems that you mentioned fully exposed by the virus?”

Rice said, “Well, Wolf, I say that going back to normal isn’t acceptable because what we’ve seen what was normal has been extraordinarily costly and deadly for all Americans. And yet what we’ve also learned from this experience and for many of us it wasn’t learning it, it was just making it very obvious to those perhaps who didn’t see it is that we have a society that remains extremely unequal, in racial and socioeconomic terms and so many other ways. And yet as we have experienced throughout our history from frankly look at the Great Depression, look at World War II, look at the 1960s, out of every moment of crisis we have found a way to do things differently and better. The Works Progress Administration, the Civilian Conservation Corp in the Great Depression, the GI Bill after World War II, the Great Society, and the expansion and insurance of voting rights for all Americans in the 1960s.”

She added, “This is a moment not only of crisis but inherent in that crisis is opportunity. And we need to take a step to broaden our social safety net to ensure that the most vulnerable have the health care, have the education, have the housing that they need. But in the immediate term because many of those things are going to take time and be ambitious. I recommend two critical steps that Congress could take in the next legislation that it passes. One is to ensure that every American has the ability to vote safely in our November election. We saw the fiasco in Wisconsin, which has cost scores of lives. And we have a real challenge to ensure that voters are able to access the ballot by mail, by longer periods of early voting, by safer polling stations, and that is the job of Congress to ensure. And secondly, Congress can make a down payment on this effort to build a more equitable society by expanding national service. And in particular, by creating something called a health force which can begin by hiring unemployed Americans and the like to be contact tracers when 300,000 of them are going to be needed for us to trace and open up safely.”

https://www.breitbart.com/clips/2020/04/29/rice-pandemic-an-opportunity-to-make-sure-every-american-has-access-the-ballot-by-mail/

Pentagon Awards $383 Million Contract to Make Rifles for Afghanistan, 4 Other States

FN America and Colt's Manufacturing will compete for each order of a more than $383 million US Army contract to provide M16A4 rifles to Afghanistan, Grenada, Iraq, Lebanon, and Nepal, the Department of Defence said in a press release.

"FN America of Columbia, South Carolina and Colt's Manufacturing Company of West Hartford, Connecticut will compete for each order of the $383,311,941 …contract to provide M16A4 rifles for Foreign Military Sales (Afghanistan, Grenada, Iraq, Lebanon, and Nepal)", the release stated on Wednesday.

Fabrique Nationale Herstal, also known as FN, is a leading firearms manufacturer in Belgium and is currently the largest exporter of military small arms in Europe, according to published reports.

Colt's Manufacturing Company is a US firearms manufacturer that traces its origins back to 1836, founded by Samuel Colt.

On 29 April, General Electric Aviation won $707 million for F110 engine production, including installs and spares and modernized engine management system computers. The engines are to be exported to Slovakia, Bulgaria, Taiwan, and Qatar, according to the US Department of Defence.

https://sputniknews.com/military/202004301079141137-pentagon-awards-383-million-contract-to-make-rifles-for-afghanistan-4-other-states/

So i guess this war will be going another decade or so