Has the Global Financial Collapse Begun?
When I started to open my eyes to the truth about how the system that we live under really works back in 1995, the first thing I learned about was the financial system. I started listening to a guy named Eric Cedestrom and Norm Resnik on a small radio station in Johnstown Colorado called the American Freedom Network. Eric came on with Norm a couple of times a week talking about the Federal Reserve, fiat money, gold and the gold standard, fractional reserve banking, Glass Steagall, Sarbanes Oxley, how the debt is financed, and how this global banking cartel is in charge of most countries on earth. When I started to listen to these people and later many others on radio, the internet, and through reading books I learned the entire system from its inception back in 1913 was set up to ultimately fail in the end. I later read a book called “The Creature from Jekyll Island” by G Edward Griffin, which documents how the top banking elites met on an island off the coast of Georgia in about 1912 to set up a central banking system and to take over the American government.
The central bankers had tried this twice before in the 1800’s and both times it had failed, because people back then understood what a central bank was and how the founding fathers warned us against setting one up. In 1913 the bankers decided to call it the Federal Reserve, so people would think it is part of the Federal Government and not an independent bank that charges interest on money the government borrows from it.They also got congress to pass this law right before the Christmas holidays late at night, while most of the representatives and senators were out of town at the time. In short it was a soft coup that the bankers pulled off in order to take full control of the currency of the United States. Once these bankers had control of the monetary system, they could dictate which laws were passed and which were not and they also set up a system of debt enslavement to the country. The bankers did not have full control until 1971 when President Nixon took the country off the Gold Standard. Even through the central banking system was in place, the Gold Standard still limited how much the government could borrow, because the amount of currency in circulation still had to equal the amount of gold reserves that the government had on hand. A real money system that works is one where currency printing is limited by how much gold or other commodities (tangible assets) a country has on hand. In essence the commodities back up the currency. When you have a system that is debt based the currency is called fiat, because a bank can print as much as it wants too and it is not backed up by anything other than the people’s faith that is it worth something. The value of the currency drops over time, because there is more money that is constantly being added to the system. A good analogy that is easy to understand for most people is to use baseball cards. If you have a Mickey Mantle original card, it is going to be worth many thousands of dollars, because it is rare and he was a very good player. In contrast to that is if you have a current player from the Yankees his card is not going to be worth much at all, even if he is a great player. The reason is there are probably thousands of those cards in circulation, so it is easy to get one. If a card is easy to get for average people no one is going to pay to much for it, maybe only 50 cents or a dollar at the most. With currency it is the same concept that the more there is in circulation the less that money is going to be worth. Having money backed up by gold, silver, or some other commodity such as oil limits the amount of currency that can be put into circulation, keeping its value strong and prices in turn stay low.
If you look at any chart online of the US debt over the past 100-200 years you can see that the amount of debt the country owed stayed relatively constant through the country’s history, with a few little spikes during wars, up until 1971 when we went off the Gold Standard. Once the country went off that standard the debt skyrocketed to about 21.5 trillion dollars today and that is only the debt they tell you about, it is actually much higher. The dirty little secret that no one will ever tell you is that the debt can never be paid back no matter what happens. The reason for this is that the Federal Reserve prints money into circulation when the treasury calls up and asks for some. The problem is the Fed charges interest on this money. An example of this would be if the Treasury calls up the Fed and says we need 100 billon dollars today and the Fed says no problem. They print up the currency (most of the money today is not even printed, but just sent electronically on a computer) and send it over to the Treasury. The Treasury in turn sends the Fed treasury bonds meaning a promise to pay it back with interest. For arguments sake let’s say the interest is 10 percent to make it simple math. The 100 billion is the principle with another 10 billion as interest. The problem with this is that the 10-billion-dollar interest payment does not even exist to pay it back. The Treasury could turn around and pay the 100 billion back a week later, but would not have the extra 10 billion in interest that is owed. It is very similar if you go down and get a car loan from your bank. The bank loans you the money and expects to be paid back with interest. You at least have the ability to earn the money from your job and eventually pay back the bank with interest, because it is a separate revenue stream. The Treasury only has 1 revenue stream and that is the Federal Reserve. Every single dollar in circulation is owed back to the Federal Reserve with interest attached that does not exist. This is why the system was set up to fail. The bankers of course know this and do not care if a country ever pays back any of the principle on the money that is borrowed by that country. All they care about is that the country pays the interest and not ever the principle. By only paying the interest it keeps the country as a debt slave to the bankers. The country continues to borrow, because it is the only choice it has to keep the system afloat. They pay the interest payments, but never the principle, which is why the debt continues to go up at an ever-increasing rate over time. Eventually what happens is the debt becomes so large, the interest payment is too much, so the country defaults on its debt and the system fails. We live under a debt-based system and the only way to keep it going it to continually add more debt to it or else it fails. Once the system fails, which usually takes about 50 years or so give or take, the bankers have a new plan and will reset the system then start over. When the system is reset however, these bankers end up with more control over the government and the people then they had before. The central bankers have done a masterful job of this all over the world and now control almost every country on earth through this debt-based system.
We are now close to the point with over saturation of debt that the system is nearly at a breaking point. When the system ultimately fails, the bankers will implement the final phase of their long-awaited plan. They will collapse all of the financial systems on earth and bring in a one world system with a one world currency. The central bankers have been waiting for this moment for a very long time and now are very close to implementing it. They do not even have to collapse all of the currencies at once, all they have to do is collapse the US dollar and almost every country on earth will go into a worldwide economic depression. The US dollar is of course the Worlds Reserve Currency and nearly every country uses it for international trading. When the US dollar collapses, hyperinflation will set in and world trading will come to a halt. This will create a crisis throughout the globe and all the other currencies will collapse at the same time because they are all fiat as well. The debt of the world reached over 247 trillion dollars back in July and is now over 250 trillion I am sure. In the past 10 years since the global financial crisis of 2008 something like 60 trillion had been added to global debt. Remember all of this 250 trillion or so is owed back to the central banks of the world, which is incredible to think about.
Back in 2008 when the markets collapsed, I figured it was the big one and thought we were going to enter into the global depression at that point. Looking back on it now, I realize that the central bankers used this opportunity to take total control of the financial markets. After the collapse in 2008 the central banks of the world started a campaign to bail out the big banks and financial institutions to the tune of trillions of dollars in order to keep them from going insolvent. They also started to buy up bad asset derivatives, stocks, bonds, and infuse currency directly in the financial markets to keep them afloat. With over 60 trillion being added to the financial system in the past 10 years we have seen some of the largest bull markets in history sending stock markets soaring around the world. This is artificial however and is based on the continued money infusions by the central banks to keep it going. The other two things that have sent stock markets soaring are the large banks and financial institutions buying large amounts of the stocks directly and corporations buying back their own stocks.
The stock market boom is not based on fundamental economic growth. If you look at the price to earnings ratio it is something like 27 times what is should be. The price to earnings ratio is what a stock should be valued at based on the earnings of products a company sells or services the entity provides. When the average price of stocks is 27 times higher then earnings you know we are in the bubble. In fact, Ron Paul has said we are in the largest financial bubble in the history of the world and I think he is exactly right. The main reason for the tax cut was to add another revenue stream to keep the system afloat for a little while longer. There was no provision in the tax cut bill that said corporations could not use tax savings from the cuts in order to buy back their own stocks. Because of this since the tax cuts have been put into effect, corporations have already bought back over 800 billion dollars in stock and it is expected to be over 1 trillion by the end of the year. These money infusions into the system has kept the stock market from collapsing just yet.
If you notice over the last 10 years that is seems all market cycles have ended. Market cycles usually take about 7 to 8 years and if you look throughout history there is almost always at least a 20 percent correction (sometimes a lot more) in stocks after this period of time. We have now had over 10 years without a 20 percent correction at least here in the US. Some other countries have had 20 percent corrections, but have quickly gone back up because of more central bank interventions. I believe this is now the longest or soon to be the longest bull market in history. As Gregory Mannarino always says the only job of financial markets is to correct stocks and other financial instruments to fair market value. Most experts believe the US stock market has to drop somewhere between 50-75 percent, in order for stocks to get back to fair market value. When this happens, it will be the collapse of all collapses. Since 2015 there have been at least 6 instances when markets started to fall and were starting to correct to fair market value, but in at least 5 of these the central banks came in to stop it from happening. In August/September of 2015 the markets started to fall quite a bit, but the fall was abruptly stopped and the markets went back up over the next few months. Then in late January/early February of 2016 the same thing happened. After the Brexit initiative was passed the markets started to fall again for a few days, but it was halted once again. When President Trump got elected the markets briefly fell again, but reversed very quickly the next day. Then in February of 2018 we had a few days with a huge drop in the markets. In fact, the two largest point drops in history on the Dow happened in one week. Again, the central banks came in and stopped the carnage.
This brings us to today. On October 10th the Dow dropped 831 points (3rd largest point drop in history), followed on the 11th with another 545-point drop (17th largest drop in history) the very next day. Friday the market rebounded a bit up over 200 points, so maybe the central banks are intervening again or maybe this is the start of the final collapse. We will have to wait until Monday and next week to see for sure what happens.
If you have read any of my previous articles you know I try and follow things from a biblical perspective as well, because I believe the bible is 100 percent true on its history and prophecies of what is going to happen in the future. Since 2014 we have seen numerous prophecies being fulfilled or in the process of being fulfilled. We seem to be coming to a culmination, that the final 7-year tribulation is going to start very soon. I will not go into it deep in this article, but of course one of the things that precedes a one world government is the collapse of the financial system. I find it interesting that on October 10th we had the 3rd largest point drop on the Dow in history on the same day we had the 3rd strongest hurricane (Michael) hit the US. In my view this is not a coincidence at all, but it is God giving us one more warning.
If you go and look at the cover of the economist magazine back in January of 1988 it is very interesting. The cover has a picture of a phoenix bird standing on top of a burning pile of money. If you look closely at the money (currency) it is different money from around the world and it is on fire. On the right of the bird it says “Get Ready for a World Currency?” There is a gold coin on the chest of the bird that has a circle with a slash thorough it in the middle. On the top of the coin it says “Ten 10 Phoenix” and at the bottom of the coin “2018”. Could the globalists back then have been telegraphing to us that the collapse of the global financial system would start on October 10th 2018 and once that collapse is over a new global currency would be introduced? It is very possible, but we will have to wait and see.
If you believe any of this please, start preparing right away. At least buy some extra food, have some money on hand (gold and silver if you can afford it), have some extra water and supplies as well. I am not saying prepare by building a bunker in your back yard, but at least do some simple things like if you were preparing for a snowstorm or hurricane. When this collapse happens whenever it does, we are in for a period of hardship the world has never seen before. When the new system comes into play it will be very different from what we have now and most if not all of our freedoms will be gone. While I think we should fight this any way we can, the only thing we can really do is delay it for a time, but not stop it. It will happen one day with 100 percent certainty; the only question is when.
The most important thing you can do is get right with God. I of course believe that Jesus Christ is the son of God, died on the cross to forgive us of our sins, and rose from the dead 3 days later. It took me many years of reading and research to come to this conclusion and if you do not believe this, I encourage you to do as much research as you can. I believe in the end you will come to the same conclusion I have after seeing the evidence. We may not have much time left however, so I would start looking into it quickly.
If you do believe in Jesus as the Messiah, but do not know him as your Lord and Savior yet and do not have a personal relationship with him, please pray this prayer below or something similar. There is no right or wrong way to say it, but if you truly believe it Jesus will know.
I am a sinner. Please forgive me. Come into my life and cleanse me of my sins and unbelief. I believe in you and in salvation through the blood of Jesus. I turn from sin and trust in Jesus alone as my savior. In Jesus name I pray, Amen.
If you prayed that prayer for the first time, let me welcome you to the family of Christ, through faith in Jesus Christ alone. Please get a bible if you do not have one and try to get set up in a church or a group of believers in order to grow in your new life. We live in incredible times and I think we are very close to the final 7 years beginning, so there is not much time left of so-called normal life. Everything is about the change in a drastic way, so please learn as much as you can ASAP and get ready both spiritually and physically for what is coming.
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