The coming worldwide financial collapse will be worse than the Weimar Republic in 1923. And worse than America in 1933. A minimum of 3 million Americans starved to death in the 1930s. That is 3 to 7 million deaths out of a total population of 123 million alive in 1929. The demographer Borisov could only give us a range of deaths because statistics were so poor in the US prior to WW II. I have no accurate estimate of Weimar deaths but their suffering was probably worse than in America.
A Depression is a period in time when Unpayable Debts are cancelled en masse. That will be the next Big Thing.
We learned from a FOIA request that the Bail out in 2008-2009 cost us $29 trillion not just $5 trillion. They gave more than $5 trillion just to the New York banks. And they gave money to foreign banks as well.
The US, Europe and Japan have been printing lots of money. Their strategy was to inflate the currency and to give trillions to Bankers while using Covid and the Pandemic to shut down small businesses to have a counter balancing deflation. The lockdowns offset their inflationary gifts to the Billionaires of Wall Street and the City of London.
Total world debt is $226 trillion. There is only approximately $40 trillion in all currencies in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion.
I am expecting a worldwide Hyperinflationary Depression. I expect a few billion human beings to die if we do not soon act intelligently, courageously and decisively.
There are several corruption factors at work here.
Dr Skidmore has found that $21 trillion went Missing from the Department of Defense (DOD) and Housing and Urban Development (HUD) budgets from 1998 to 2015. Additional money was probably stolen from other departments. Indira Singh said that were likely stealing from Social Security by transferring money into dummy recipient accounts.
I previously mentioned my favorite story of the Missing $21 trillion. The US Army had an annual budget of $122 billion a year. The Treasury sent them a check for $800 billion and told them to plug up the holes. Guess what! The generals lost the $800 billion too.
Dr Mark Skidmore also told Catherine Austin Fitts that the US Treasury is selling trillions of dollars more in government bonds than they admit. The Billionaire Bankers of Wall Street are allowed to sell US Treasury bonds, stick a few trillion dollars in their very deep pockets and send you the bill. That is fair to their way of thinking because you are not important to them. I have heard the same story from several other well qualified observers but we are not allowed to discuss that on TV.
Corruption was built into our banking system at its inception.
In 1910 agents of the Rothschilds, the Rockefellers and the Warburgs met at Jekyll Island to design our Federal Reserve system to transfer all wealth from those of us who work to the Bankers who were allowed to collect interest on the money they created out of thin air. The Federal Reserve issued a currency but obligated the taxpayers to pay the interest on Treasury bonds paid for checking account money created out of nothing. The Federal Reserve Act had to be accompanied by the creation of the IRS (Internal Revenue Service) in 1913 so taxpayers could pay the taxes to subsidize the FED.
Loans made by the fractional reserve system generate new money and create bubbles.
As I said, a Depression is a period in time when Unpayable Debts are cancelled en masse. Under our credit based system, we cannot have money unless we first take out a loan. In 1933 America 31% of our money had disappeared because loans had been cancelled in bankruptcy courts and in foreclosures.
Under Lincoln’s Greenback system, there were no taxes for the citizens to pay interest on a fictional national debt as he had issued a non-interest bearing currency. Dr Irving Fisher proposed 100% money which would be Lincoln’s Greenbacks combined with a ban on fractional reserve banking. Only the US Treasury would create checking account money. So if you borrowed $10,000 from the Savings and Loan and failed to repay the loan, the checking account money would not disappear.
If the money supply does not collapse, there will be no Depression created by money disappearing. Under our present system, we have to borrow money into circulation to cure a Depression. But that borrowed money comes with a higher tax burden on you to pay for the interest on an additional fictional debt.
We have reached the point where interest payments on government, corporate and consumer debts are unbearable. There are three ways to cancel unpayable debts.
The first is to walk away from the debts by declaring bankruptcy. That was 1933 America. Millions of people starved to death.
The second is to print money until hyperinflation cuts the value of the borrowed money to near zero. That was the Weimar Republic which might have have created even harsher times. That will be America’s path if we do not soon act to change the future.
The third way is to do what the ancient kings of Sumer and Babylon did. They decreed debt cancellation. Bible writers called it a Jubilee. When the ancient Jews got to Babylon, they saw how well debt cancellation worked. The Jewish people never practiced the Jubilee. The prophet Jeremiah wrote that there never would have been a Babylonian Captivity if they had cancelled their unpayable debts.
My regular readers know my solution to the coming Depression. We arrest the Bankers who stole a lot more than $50 trillion from us, created Covid plus deadly vaxxes and got us into lots of wars we did not need. We must seize what they stole and use those assets to fund Worldwide Debt Cancellation. We need to issue 100% money. And we need to put criminals in jail. You can imagine the top 50 candidates I have in mind.
I have been updating my Covid Truths article to include new information. You can look up Bad Batch numbers to avoid the vaxxes that cause most of the deaths and disabilities though I would prefer to avoid them altogether. An embalmer found 2 foot long clots in the deceased. And the US military has discovered that their vaxxed personnel have a 300% increased risk of cancer. https://vidrebel.wordpress.com/2021/09/07/covid-truths/
My most popular article in recent years was this:Deagel: 233 Million Americans To Die Before The End Of 2025.https://vidrebel.wordpress.com/2021/06/14/deagel-233-million-americans-to-die-before-the-end-of-2025/
Israel did 911. Did you know that a billion dollars in gold and silver went missing from the COMEX vault at the World Trade Center the night before 911? What did Osama bin Laden do? Did he impersonate David Rockefeller from his hospital bed in Pakistan? 911 Truths.https://vidrebel.wordpress.com/2021/09/10/911-truths/
The best authority on the 911 attack at the Pentagon is Barbara Honegger. On September 10, 2001 Donald Rumsfeld admitted that $2.3 trillion had gone missing from the Pentagon. On 9-11-2001 the auditors tracing the Missing Trillions were killed. Barbara Honegger And The Pentagon Attack Papers https://vidrebel.wordpress.com/2021/05/17/barbara-honegger-and-the-pentagon-attack-papers/
This next article explains the extreme weather and earth changes we will face when we try to raise food to just survive. I expect some major volcanoes and earthquakes before November of 2024. We need to survive ten years so we win and the Bankers lose. 2020s: Surviving The Cold, The Quakes And Volcanoes.https://vidrebel.wordpress.com/2019/12/30/2020s-surviving-the-cold-the-quakes-and-volcanoes/