Brandon Smith: The Private Swindle of
Private American Wealth Has Begun
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Brandon Smith is also an Associate Editor for Oath Keepers. The article is mirrored at Oath Keepers: http://oathkeepers.org/oath/2014/02/05/the-final-swindle-of-private-american-wealth-has-begun/
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I began writing analysis on the macro-economic situation of the
American financial structure back in 2006, and in the eight years since, I have
seen an undeniably steady trend of fiscal decline.
I have never had any doubt that the U.S. economy as we know it was headed for total and
catastrophic collapse, the only question was when, exactly, the final trigger
event would occur. As I have pointed out in the past, economic implosion is a
process. It grows over time, like the ice shelf on a mountain developing into a
potential avalanche. It is easy to shrug off the danger because the visible
destruction is not immediate, it is latent; but when the avalanche finally
begins, it is far too late for most people to escape...
If you view the progressive financial breakdown in America as some kind of "comedy of errors" or a trial of
unlucky coincidences, then there is not much I can do to educate you on the
reasons behind the carnage. If, however, you understand that there is a
deliberate motivation behind American collapse, then what I have to say here
will not fall on biased ears.
The financial crash of 2008, the same crash which has been ongoing
for years, is NOT an accident. It is a concerted and engineered crisis meant to
position the U.S. for currency disintegration and the institution of a
global basket currency controlled by an unaccountable supranational governing
body like the International Monetary Fund (IMF). The American populace is being
conditioned through economic fear to accept the institutionalization of global
financial control and the loss of sovereignty.
Anyone skeptical of this conclusion is welcome to study my
numerous past examinations on the issue of globalization; I don't have the time
within this article to re-explain, and frankly, with so much information on
deliberate dollar destruction available to the public today I've grown tired of
anyone with a lack of awareness.
If you continue to believe that the Fed actually exists to
"help" stabilize our economy or our currency, then you will never
find the logic behind what they do. If you understand that the goal of the Fed
and the globalists is to dismantle the dollar and the U.S. economic system to make way for something "new",
then certain recent events and policy initiatives do start to make sense.
The year of 2014 has been looming as a serious concern for me
since the final quarter of 2013, and you can read about those concerns and the
evidence that supports them in my article Expect Devastating Global Economic Changes In 2014.
At the end of 2013 we saw at least three major events that could
have sent America spiraling into total collapse. The first was the
announcement of possible taper measures by the Fed, which have now begun. The
second was the possible invasion of Syria which the Obama Administration is still desperate for
despite successful efforts by the liberty movement to deny him public support
for war. And, the third event was the last debt ceiling debate (or debt ceiling
theater depending on how you look at it), which placed the U.S. squarely on the edge of fiscal default.
As we begin 2014, these same threatening issues remain (along with
many others), only at greater levels and with more prominence. New developments
reinforce my original position that this year will be remembered by historians
as the year in which the final breakdown of the U.S. monetary dynamic was set in motion. Here are some of those
developments explained...
Taper Of QE3
When I first suggested that a Fed taper was not only possible but
probable months ago, I was met with a lot a bit of criticism from some in the
alternative economic world. You can read my taper articles here
and here .
This was understandable. The Fed uses multiple stimulus outlets
besides QE in order to manipulate U.S. markets. Artificially lowering interest rates is very much
a form of stimulus in itself, for instance.
However, I think a dangerous blindness to threats beyond money
printing has developed within our community of analysts and this must be
remedied.
People need to realize first that the Fed does NOT care about the
continued health of our economy, and they may not care about presenting a
facade of health for much longer either. Alternative analysts also need to come
to grips with the reality that overt money printing is not the only method at
the disposal of globalists when destroying the greenback. A debt default is
just as likely to cause loss of world reserve status and devaluation - no
printing press required. Blame goes to government and political gridlock while
the banks slither away in the midst of the chaos.
The taper of QE3 is not a "head fake", it is very real,
but there are many hidden motivations behind such cuts.
Currently, $20 billion has been trimmed from the $85 billion per
month program, and we are already beginning to see what APPEAR to be market
effects, including a flight from emerging market currencies from Argentina to Turkey . A couple of years ago investors viewed these markets as
among the few places they could exploit to make a positive return, or in other
words, one of the few places they could successfully gamble. The Fed taper,
though, seems to be shifting the flow of capital away from emerging markets.
The mainstream argument is that stimulus was flowing into such
markets, giving them liquidity support, and the taper is drying up that
liquidity. Whether this is actually true is hard to say, given that without a
full audit we have no idea how much fiat the Federal Reserve has actually
created and how much of it they send out into foreign markets.
I stand more on the position that the Fed taper was actually begun
in preparation for a slowdown in global markets that was already in progress.
In fact, I believe central bankers have been well aware that a decline in every
sector was coming, and are moving to insulate themselves.
Is it just a "coincidence" that the central bankers have
initiated their taper of QE right when global manufacturing numbers begin to
plummet?
Is it just "coincidence" the taper was started right
when the Baltic Dry Index, a global indicator of shipping demand, has lost over
50% of its value in the past few weeks?
Is it just "coincidence" that the taper is running
tandem with dismal retail sales growth reports from across the globe coming in
from the final quarter of 2013?
And, is it just a "coincidence" that the Fed taper is a
accelerating right as the next debt ceiling debate begins in March, and when
reports are being released by the Congressional Budget Office that over 2
million jobs may be lost due to Obamacare?
No, I do not think any of this is coincidence. Most if not
all of these negative indicators needed months to generate, so they could not
have been caused by the taper itself. The only explanation beyond
"coincidence" is that the Federal Reserve WANTED to launch the taper
program and protect itself before these signals began to reach the public.
Look at it this way - The taper program distances the bankers from
responsibility for crisis in our financial framework, at least in the eyes of
the general public. If a market calamity takes place WHILE stimulus measures
are still at full speed, this makes the banks look rather guilty, or at least
incompetent. People would begin to question the validity of central bank
methods, and they might even question the validity of the central bank's
existence. The Fed is creating space between itself and the economy because
they know that a trigger event is coming. They want to ensure that they are not
blamed and that stimulus itself is not seen as ineffective, or seen as the
cause.
We all know that the claims of recovery are utter nonsense. Beyond
the numerous warning signs listed above, one need only look at true
unemployment numbers, household wage decline, and record low personal savings
of the average American. The taper is not in response to an improving economic
environment. Rather, the taper is a signal for the next stage of collapse.
Stocks are beginning to plummet around the world and all
mainstream pundits are pointing fingers at a reduction in stimulus which has
very little to do with anything. What is the message they want us to digest?
That we "can't live" without the aid and oversight of central banks.
The real reason stocks and other indicators are stumbling is
because the effectiveness of stimulus manipulation has a shelf life, and that
shelf life is over for the Federal Reserve. I suspect they will continue
cutting QE every month for the next year as stocks decline. Will the Fed
restart QE? If they do, it will probably not occur until after a
substantial breakdown has ensued and the public is sufficiently shell-shocked.
The possibility also exists that the Fed will never return to stimulus measures
(if debt default is the plan), and QE stimulus will eventually be replaced by
IMF "aid".
Government Controlled Investment
Last month, just as taper measures were being implemented, the
White House launched an investment program called MyRA; a retirement IRA
program in which middle class and low wage
Americans can invest part of their paycheck in government bonds.
That's right, if you wanted to know where the money was going to
come from to support U.S. debt if the Fed cuts QE, guess what, the money is going to
come from YOU.
For a decade or so China was the primary buyer and crutch for U.S. debt spending. After the derivatives crash of 2008, the
Federal Reserve became the largest purchaser of Treasury bonds. With the
decline of foreign interest in long term U.S. debt, and the taper in full effect, it only makes sense
that the government would seek out an alternative source of capital to continue
the debt cycle. The MyRA program turns the general American public into a new cash
stream, but there's more going on here than meets the eye...
I find it rather suspicious that a government-controlled
retirement program is suddenly introduced just as the Fed has begun to taper,
as stocks are beginning to fall, and as questions arise over the U.S. debt ceiling. I have three major concerns:
First, is it possible that like the Fed, the government is also
aware that a crash in stocks is coming? And, are they offering the MyRA program as an easy outlet (or trap) for people to pour in what little
savings they have as panic over declining equities accelerates? Bonds do
tend to look appetizing to uninformed investors during an equities rout.
Second, the program is currently voluntary, but what if the plan
is to make it mandatory? Obama has already signed mandatory health insurance
"taxation" into law, which is meant to steal a portion of every
paycheck. Why not steal an even larger portion from every paycheck in order to
support U.S. debt? It's for the "greater good," after all.
Third, is this a deliberate strategy to corral the last vestiges
of private American wealth into the corner of U.S. bonds, so that this wealth can be confiscated or
annihilated? What happens if there is indeed an eventual debt default, as I
believe there will be? Will Americans be herded into bonds by a crisis in
stocks only to have bonds implode as well? Will they be conned into bond
investment out of a "patriotic duty" to save the nation from default?
Or, will the government just take their money through legislative wrangling, as
was done in Cyprus not long ago?
The Final Swindle
Again, the next debt ceiling debate is slated for the end of this
month. If the government decides to kick the can down the road for another
quarter, I believe this will be the last time. The most recent actions of the
Fed and the government signal preparations for a stock implosion and ultimate
debt calamity. Default would have immediate effects in foreign markets, but the
appearance of U.S. stability could drag on for a time, giving the globalists
ample opportunity to siphon every ounce of financial blood from the public.
It is difficult to say how the next year will play out, but one
thing is certain; something very strange and ugly is afoot. The goal of the
globalists is to engineer desperation. To create a catastrophe and then force
the masses to beg for help. How many hands of "friendship" will be
offered in the wake of a U.S. wealth and currency crisis? What offers for
"aid" will come from the IMF? How much of our country and how many of
our people will be collateralized to secure that aid? And, how many Americans
will go along with the swindle because they were not prepared in advance?
copyright Brandon Smith 2014
*COPYRIGHT NOTICE** In accordance with Title 17 U. S. C. S
a
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To
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"I DO SOLEMNLY SWEAR (OR AFFIRM) THAT I WILL SUPPORT AND DEFEND THE CONSTITUTION OF THE UNITED STATES AGAINST ALL ENEMIES, FOREIGN AND DOMESTIC; THAT I WILL BEAR TRUE FAITH AND ALLEGIANCE TO THE SAME; AND THAT I WILL OBEY THE (CONSTITUTIONAL AND LAWFUL) ORDERS OF THE PRESIDENT OF THE UNITED STATES AND THE (CONSTITUTIONAL AND LAWFUL) ORDERS OF THE OFFICERS APPOINTED OVER ME, ACCORDING TO REGULATIONS AND THE UNIFORM CODE OF MILITARY JUSTICE. SO HELP ME GOD."
Al l l aw s w h ic h ar e r e p ug n an t t o t h e Con st it ut ion ar e n ul l an d
void." Mar b ur y
vs. Madison , 5 US (2 Cr an c h )
137, 164, 176. (1803)
"Wh e r e r ig h t s se c ur e d b y t h e Con st it ut ion ar e in vol ve d, t h e r e c an b e n o r ul e m akin g or l e g isl at ion w h ic h w oul d ab r og at e t h e m ."
Mir an da
vs. Ar izon a , 384 U.S. 436, 491.
"An un c on st it ut ion al ac t is
n ot l aw ; it c on fe r s n o r ig h t s;
it im p ose s n o
dut ie s;
it
affor ds n o p r ot e c t ion ; it c r e at e s n o
offic e ; it is
in l e g al c on t e m p l at ion ,
as in op e r at ive as
t h oug h it h ad n e ve r b e e n p asse d."
Nor t on
vs. Sh e l b y Coun t y , 118 US 425, 442.
Te ddy' s
An sw e r
t o
Dive r sit y!
Th e r e is
n o r oom in t h is c oun t r y
for h yp h e n at e d Am e r ic an ism . Th e on e ab sol ut e l y c e r t ain w ay
of b r in g in g t h is n at ion t o r uin ,
of p r e ve n t in g al l p ossib il it y
of it s c on t in uin g t o b e a n at ion at al l , w oul d b e t o p e r m it it t o b e c om e a t an g l e of
squab b l in g n at ion al it ie s.
— Th e odor e
Roose ve l t , sp e e c h b e for e t h e Kn ig h t s
of Col um b us, 1915 , Ne w
Yor k
T
— T
Te ddy' s
An sw e r
t o
Bush !
To an n oun c e t h at t h e r e m ust b e n o c r it ic ism of
t h e p r e side n t , or t h at w e ar e t o st an d b y t h e p r e side n t r ig h t or w r on g ,
is n ot on l y un p at r iot ic an d se r vil e , b ut is
m or al l y t r e ason ab l e t o t h e Am e r ic an p ub l ic .
— Th e odor e
Roose ve l t
— T
Te ddy' s
An sw e r
t o
Bush
& Con g r e ss
"We c an n ot affor d t o diffe r on t h e que st ion of h on e st y if w e e xp e c t our r e p ub l ic p e r m an e n t l y t o e n dur e .
Hon e st y is n ot so m uc h a c r e dit as an ab sol ut e p r e r e quisit e t o e ffic ie n t se r vic e t o t h e p ub l ic . Un l e ss a m an is h on e st , w e h ave n o r ig h t t o ke e p h im in p ub l ic l ife ; it m at t e r s n ot h ow b r il l ian t h is c ap ac it y."
— Th e odor e
Roose ve l t
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