The global capacity for debt has reached its zenith. So-called developed markets and emerging markets have all reached maximum debt load. Of the all the major countries that impact the global GDP, name one that’s not fully levered with debt. I’ll wait here while you look for that needle in a haystack.
We came into the bail outs. The G7 had levered up. Then we had the emerging markets lever up and they’re finished levering up and now everybody’s levered up.
There is no place to go. We can go to an equity model and we can optimize bottom-up but that requires a legitimate pricing function. And when you’re trying to run the whole thing with fake intel, fake science, fake news…The harvesting machine needs a new way to dig and digital currency and digital cash is that way. But you need all those countries in the tent and you need the ability to force everybody into a digital system. Source
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The world (tent) must get in line with the idea of global governance and global currency, otherwise, it will not work.
Cryptocurrencies and all the people who believe this digital illusion is going to somehow save us from the evil banksters are overlooking what I have been saying since bitcoin first came onto the scene – it plays into the hands of the banksters and their desire to move us all to a digital currency. If someone believes for a second that Amazon or any other large multinational corporation that conducts retail business is going to accept bitcoin when they have been instructed not to, they are simply living in a fantasy.
That’s why the guys from bitcoin drive me nuts. Because they think “Oh this is how we’re going to be free“. No, you’re prototyping Mr. Globals digital currency. Source
If you think the central banks and their digital currency will COMPETE with bitcoin, you are not seeing the entire picture. That is not going to happen – EVER. The reason gold was outlawed in the U.S. in the 1930’s was to keep gold from competing with the Federal Reserve Note. Why would anyone believe the Federal Reserve is going to allow a digital form of currency to compete with their wealth transferring mechanism on a large scale?
In the video – America: Freedom to Fascism – Aaron Russo discusses what one of the Rothschilds explained to him. This scheming, blood-sucking bankster tells Mr. Russo the people will all be chipped and the currency will be digital. Do you honestly think bitcoin will be included in this “mark of the beast” technology? If the cash is eliminated and we can only use digital currency, the banks would have the ability to turn off an individuals access to funds. If bitcoin, or any other cryptocurrency, is allowed to operate, this would not work. The banks would not be able to enslave the people. The slave trade would collapse.
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The only remaining question is wether China and Russia are in on the scheme. China already has a digital currency, and most of the transactions in China are conducted without the use of cash. So, China is on board. That leaves Russia. What will Russia’s role be in moving to a digital currency operated by the central banks?
For me, it always comes back to gold and gold as currency. How would gold work in this new paradigm? What role would gold play? Will gold be, once again, outlawed, confiscated, or simply left outside the system?
Gold and silver have been money for thousands of years. The golden rule still applies – he who has the gold makes the rules. China and their military partner, Russia, have lots of gold. India has a lot of gold in the hands of the citizens, but the central bank of India is not a major player like China and Russia. India has not been purposely adding to their gold horde the way Russia and China have been doing for the past decade. It’s funny to see India doing all they can to get their citizens to move away from acquiring physical gold while across the border in China, the government is encouraging – and making it very easy – for the citizens to acquire gold. The Chinese citizens have been responding ever since this initiative was first announced. On the other hand, the citizens of India do all they can to keep the banking cabal and corrupt government out of their gold stash.
The western “developed” world is in desperate need of a major, large-scale war. Large scale war is the one thing that can cover the crimes of the western banking cabal and allow the system to be reset while the criminals blame someone else. Russia and China are the obvious targets of the U.S./U.K., with North Korea playing a minor role and possibly being used as a pawn to jump-start the whole thing. Syria is all about the oil and gas pipelines, so Syria could be a jumping off point as well.
Whoever starts the next world war, rest assured, the U.S. will not be spared. Bombs will land on this soil and eliminate entire cities.
The world can not escape the debt saturation in which we find ourselves entangled. There are only a handful ways to get out of the web, and war has always been, throughout all of history, the primary way this has happened. The difference today is nuclear weapons. Nuclear weapons create problems for thousands of years so is it really a viable option? A debt jubilee/reset is another way debt has been handled throughout history; however, the world was a lot smaller of a place. Revert to a gold standard and reset the debt to gold? I don’t know what the answer is, but I do know our time is running out.
This is a must-listen interview with Catherine Austin-Fitts. She explains the above in greater detail and paints the picture all the way to the edge.
Rory Hall, Editor-in-Chief, The Daily Coin, has studied the precious metals market, economic and monetary policies as well as geopolitical events since 1987. I have written well over 700 articles and produced more than 200 videos. Beginning in 2014 The Daily Coin became my latest incarnation. Prior to launching my own website and YouTube channel I began working with Sean at SGTReport.com in 2012 and still contribute, daily, to his website. The YouTube Channel, The Daily Coin, was launched in February 2014 and website TheDailyCoin.org was launched April 2014. My original articles have been published by such notable websites as Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Freedom Outpost just to name a few. I have interviewed some of the top professionals, in their field, from around the world, including Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. The Daily Coin is enjoying global growth for both original works and delivering some of the best economic, precious metals, geopolitical and preparedness news from around the world.