NEWS AND VIEWS FROM THE NEFARIUM OCT 26 2023
October 26, 2023 / / Comments Off on NEWS AND VIEWS FROM THE NEFARIUM OCT 26 2023
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Well if you've been following the Absolute Chaos that is our financial "system" that the greedsters have erected, you'll be interested in this story:
World's Oldest Central Bank Seeking $7 Billion Bailout After Massive Bond Losses
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Same situation for the Dutch Central Bank and the same will be applicable for the majority of Central Banks. It will be the tax payer to plug the holes.
The Fed’s main purpose appears to be to print money backed by nothing. While a few insiders become wealthy, the goal appears to have common folks eventually become their ‘property’. This distinct pattern or modus operandi strongly suggests it is the work of an organization that many folks might suggest is akin to a criminal enterprise.
Regarding production and deflation, I wonder whether Mr. Globaloney really cares if production and economic activity decline. Clearly, as long as they can keep the current system afloat or replace it with a “you’ll own nothing and be happy” system, Mr. Globaloney’s bankster cronies can’t lose — no matter happens in the real economy. As the central banks continue to print, a shrinking economy only helps them prevent hyperinflation, consolidate control by destroying more small and midsize businesses, and maybe even depress the price of real estate so banksters and their friends can grab it on the cheap.
From the general public’s point of view, severe deflation and the attendant unemployment would be a disaster, especially with interest rates where they are today. Are we sure that’s not the plan? I think old Globaloney is hoping that generates an bigger constituency for a universal basic income, or for giving up their property to banksters or the state, in return for debt forgiveness and the right to stay in, but rent, homes they previous owned.
Two possible flies in the ointment for Mr. Globaloney are a revolt by the general public in North America and a League of Cambrai-style revolt against honoring dollar-denominated debt by countries around the world. Whether those two flies will make it to the ointment depends on the balance of overt and covert force.
(What I wouldn’t give for an “Edit” button . . .)
An ‘Edit’ button? No worries, Fiatlux. Your points were well made, and many folks agree with you.
RE – your last paragraph: I would only add there is a big difference between covert and subvert activity. Meaning some ‘moves’ appear to be underway that may or may not be seen at the present time, and some will remain unseen and invisible.
Have these financial scoundrels no shame?
Banking issues: I think, in just derivatives alone, there is something like $617 Trillion dollars worth floating about the globe!! Not to mention any other financial dodgy documents out there.