Economic Nuclear Winter Looms

By Deborah Dupré

A New World Order-engineered chaos of historical proportion is imminent as an engineered economic nuclear winter rapidly approaches, according to bankers’ own words and leading economists. Major banks are preparing. New World Order corporate actor creators of the globalization of poverty and war in terror have set into motion destruciton of humanity stage two. The United States war machine will thrive in the war economy, with propaganda convincing the public of justified fear of U.S.-created enemies and subsequent atrocities, including weather warfare, all under the name “humanitarianism.”

“This is the most serious economic crisis in World history,” Global Research head, author, and internationally esteemed economist Professor Michel Chossudovsky had warned after the bank bailouts in 2008, when there was no real solution to the economic collapse.

Few are alive to recall the Great Depression’s mass suffering. It, however, was not as well orchestrated as today’s collapse. Entire areas of manufacturing and the services economy have now been spearheaded into bankruptcy. Expectdramatic changes as early as Christmas, bankers say.

To understand today’s chaos warnings in a historical context, Prof. Chossudovsky has profiled architects of the economic collapse, pointing to 2008 Wall Street bailouts and the Clinton administration, when policies of “greed and irresponsibility” were adopted. (Prof. Michel Chossudovsky, Who are the Architects of Economic Collapse? 2008) (Feature photo: Bill Clinton signs into law the  Gramm-Leach-Bliley Financial Services Modernization Act, November 12, 1999, Credit: New York Times)

Under Clinton’s 1999 Financial Services Modernization Act, effective control over the entire US financial services industry (insurance companies, pension funds, securities companies, etc.) were transferred to a handful of financial conglomerates and their associated hedge funds. The same Clinton administration’s financial disaster engineers were then considered by President Barack Obama’s Transition Team for Treasury Secretary. Larry Summers was high on the list. Summers is the kind of guy who pushed for the World Bank “cost effective” plan of exporting toxic materials to impoverished countries.

“‘Dirty’ Industries: Just between you and me, shouldn’t the World Bank be encouraging MORE migration of the dirty industries to the Less Developed Countries? I can think of three reasons,” Summers wrote in a controversial memo during the George H. W. Bush’s regime.

“Summers’s stance on the export of pollution to developing countries had a marked impact on US environmental policy,” highlights Prof. Chossudovsky. In 1994, ‘virtually every country in the world broke with Mr. Summers’s Harvard-trained ‘economic logic’ ruminations about dumping rich countries’ poisons on their poorer neighbors, and agreed to ban exporting hazardous wastes from OECD [developed] to non-OECD [developing] countries under the Basel Convention.” The U.S. was one of few countries that failed to ratify that and the Basel Convention’s Ban Amendment on exporting hazardous wastes from OECD to non-OECD countries. (Jim Valette, Larry Summers’ War Against the Earth, Counterpunch, undated, as found in Vampire of Macondo, 2012.)

Along with Summers, Obama sought Wall Street tycoons Paul Volker, Timothy Geithner and Jon Corzine — as Clinton had before and Donald Trump is now. Trump’s  all-male bankers and billionaires advisor team “draws heavily from Wall Street, featuring hedge fund executives like John Paulson, who made his fortune betting against the subprime market last decade, and Stephen Feinberg, co-founder of asset management firm Cerberus Capital Management.” (Fortune) 

Now, as Politico reports, after Trump spent months scolding his rivals for being beholden to their financial backers, “he filled his economic advisory council with some of his biggest donors.” Trump used 70 of the biggest banks to bail him out when he faced bankruptcy the fifth time. As Prof. Chossudovsky asserts, “What we are witnessing is continuity.” The NWO has its clutches on both main presidential candidates. Main street U.S.A. is in big trouble, unless they comprehend that and act upon it.

Plans for Economy to Snap Before Christmas

After years of giveaways to megabanks, marketed as ‘quantitative easing,’ props under the banker-controlled global stock trade, bankers have been forced to admit they are preparing for the collapse. News this week has set into motion a reality many knew had to be faced sooner or later. CNBC quoted a major lender saying that banks are “preparing for an economic nuclear winter situation.”

Shares of major European banks, such as Deutsche Bank and Credit Suisse, have gone into a free-fall. The U.K’s RBS bank has had shares plunging more than 30 percent since June 24.

Sunday, a source spoke anonymously, due to revealing such information can and does get bankers killed. The source from a major investment bank told CNBC “financial services firms have put together a strategy in place that takes into account the worst-case scenario that could happen by the end of this year.”

Ron Paul summarized the banks’ stimulus measures saying, “It may be fun while it lasts, but it always ends with a crash.”

Prepare for 19th Century Scarcity

Prof. Chossudovsky explains the engineered globalization of poverty stage is complete and an engineered new, destructive phase has begun. (Listen to Guns and Butter interview)

“Historically, impoverishment of large sectors of the World population has been engineered through the imposition of IMF-style macro-economic reforms. Yet, in the course of the last 15 years, a new destructive phase has been set in motion. The World has moved beyond the “globalization of poverty”: countries are transformed in open territories.”

Chossudovsky gives a terrifying birds-eye view of reality on the planet in this second stage:

“…State institutions collapse, schools and hospitals are closed down, the legal system disintegrates, borders are redefined, broad sectors of economic activity including agriculture and manufacturing are precipitated into bankruptcy,  all of which ultimately leads to a process of social collapse, exclusion and destruction of human life including the outbreak of famines, the displacement of entire populations (refugee crisis).

“This ‘second stage’ goes beyond the process of impoverishment instigated in the early 1980s by creditors and international financial institutions. In this regard, mass poverty resulting from macro-economic reform sets the stage of  a process of outright destruction of human life.” (Michel Chossudovsky, Guns and Butter Radio Interview)

Venezuela, a 21st Century beacon country, has spiraled down into total disaster, providing a glimpse of coming days in the U.S. “Medicine is scarce; food shortages have Venezuelans eating out of dumpsters; and the rolling blackouts have decimated the neonatal intensive care units that have led to a spike in infant deaths in the country’s hospitals,” reports TownHall.

In June 2015, former Congressman Ron Paul predicted the banks’ crutches would fail, and their financial bubbles would send the stock market into a free-fall. It is happening.

“The consequences will not be minor. Surprises will be many, since we are in uncertain waters and the world has never faced the gross misallocation of capital that exists today. The process is self-limiting. It will come to an end, and it’s not going to be far into the future.” Consider Venezuela, where some hospitals lack items as basic as gloves and soap and some locations are operating as if it were the 19th century.

Chaos in the EU and weak corporate earnings have created a tornado of uncertainty. Banks are preparing for the worst. The reader better try to do so as well. “This could mean triggering Article 50, referendum in other European nations leading to a break-up of the euro or sterling hitting below $1.20 or lower. The banks are ready for anything now,” the source said.

RBS’s credit chief Andrew Roberts told investors in a note how Quantitative Easing has failed and was expected to fail: “ We have been told for 7 years now since the credit crunch, under QE, to borrow money and invest it in one of 3 things: 1) EM 2) credit 3) global equities. This is a big picture, multi-year bet that has been taken, which has worked fine, and stopped working 10 months ago, (this is NOT NEW).”

The Guardian’s Larry Elliott reported that low-interest rates, central banks’ stimulus measures including quantitative easing, and hopes of “economic recovery” have all been nothing more than false props. “But with the Federal Reserve raising rates and the Bank of England expected to follow suit, that prop is being removed.”

Effects of central bankers looting their respective countries leading to global economic collapse has been a mathematical certainty, “inevitable, a natural correction to the wholesale fleecing of citizens through unscrupulous actions of central banks.” (Elliott)

Other collapsed countries’ trends, however, are concerning. In Venezuela, for example, to avoid the appearance of socioeconomic life deterioration, the government has banned lines outside bakeries.

PanAm Post explains that the Venezuelan government announced it will be fining bakeries that make people stand in lines to buy bread. The National Superintendency of Fair Prices noted this measure is intended to ‘dismantle the strategy of generating anxiety’ in Venezuelans. It claims bread lines are a political decision rather than a lack of raw materials. Meanwhile, amid the food crisis there, desperation has the hungry people hunting dogs, cats and birds for food. There is widespread looting of shopping malls, pharmacies, supermarkets and food trucks, all while people chanted “we are hungry.” (PanAmPost)

In other countries, the economic meltdown is causing a spike in child marriages, domestic violence and high school dropouts among the country’s teenage girls, according to the UN. Today’s economic meltdown is causing a spike in child marriages, domestic violence and high school dropouts among the African teenage girls.

Pending U.S. government actions against citizens is anyone’s guess right now. Based on FEMA’s history, prepare for the worst.