Brandon Smith – Strategic Review Dec 6, 2021
For many years now there has been a contingent of alternative economists working diligently within the liberty movement to combat disinformation being spread by the mainstream media regarding America’s true economic condition. Our efforts have focused primarily on the continued devaluation of the dollar and the forced dependence on globalism that has outsourced and eliminated most U.S. manufacturing and production of raw materials.
The problems of devaluation and stagflation have been present since 1913 when the Federal Reserve was officially formed and given power, but the true impetus for a currency collapse and the destruction of American buying power began in 2007-2008 when the Financial Crisis was used as an excuse to allow the Fed to create trillions upon trillions in stimulus dollars for well over a decade.
The mainstream media’s claim has always been that the Fed “saved” the U.S. from imminent collapse and that the central bankers are “heroes.” After all, stock markets have mostly skyrocketed since quantitative easing (QE) was introduced during the credit crash, and stock markets are a measure of economic health, right?
The devil’s bargain
Reality isn’t a mainstream media story. The U.S. economy isn’t the stock market.
All the Federal Reserve really accomplished was to forge a devil’s bargain: Trading one manageable deflationary crisis for at least one (possibly more) highly unmanageable inflationary crises down the road. Central banks kicked the can on the collapse, making it far worse in the process.
The U.S. economy in particular is extremely vulnerable now. Money created from thin air by the Fed was used to support failing banks and corporations, not just here in America but also banks and companies around the world.
Because the dollar has been the world reserve currency for the better part of the past century, the Fed has been able to print cash with wild abandon and mostly avoid inflationary consequences. This was especially true in the decade after the derivatives crunch of 2008.
Why? The dollar’s global reserve status means dollars are likely to be held overseas in foreign banks and corporate coffers to be used in global trade. However, there is no such thing as a party that goes on forever. Eventually the punch runs out and the lights shut off. If the dollar is devalued too much, whether by endless printing of new money or by relentless inflationary pressures at home, all those overseas dollars will come flooding back into the U.S. The result is an inflationary avalanche, a massive injection of liquidity exactly when it will cause the most trouble.
We are now close to this point of no return.
The difference between a crisis and a real crisis
As I have said for some time, when inflation becomes visible to the public and their pocketbooks take a hit, this is when the real crisis begins.
A Catch-22 situation arises and the Fed must make a choice:
- To continue with inflationary programs and risk taking the blame for extreme price increases
- Taper these programs and risk an implosion of stock markets which have long been artificially inflated by stimulus
Without Fed support, stock markets will die. We had a taste of this the last time the Fed flirted with tapering in 2018.
My position has always been that the Federal Reserve is not a banking institution on a mission to protect American financial interests. Rather, I believe the Fed is an ideological suicide bomber waiting to blow itself up and deliberately derail or destroy the American economy at the right moment. My position has also long been that the bankers would need a cover event to hide their calculated economic attack, otherwise they would take full blame for the resulting disaster.
The Covid pandemic, subsequent lockdowns and supply chain snarls have now provided that cover event.
Two years after the pandemic started and the Fed has pumped out approximately $6 trillion more in stimulus (officially) and helicopter money through PPP loans and Covid checks. On top of that, Biden is ready to drop another $1 trillion in the span of the next couple years through his recently passed infrastructure bill. In my article ‘Infrastructure Bills Do Not Lead To Recovery, Only Increased Federal Control‘, published in April, I noted that:
“Production of fiat money is not the same as real production within the economy… Trillions of dollars in public works programs might create more jobs, but it will also inflate prices as the dollar goes into decline. So, unless wages are adjusted constantly according to price increases, people will have jobs, but still won’t be able to afford a comfortable standard of living. This leads to stagflation, in which prices continue to rise while wages and consumption stagnate.
Another Catch-22 to consider is that if inflation becomes rampant, the Federal Reserve may be compelled (or claim they are compelled) to raise interest rates significantly in a short span of time. This means an immediate slowdown in the flow of overnight loans to major banks, an immediate slowdown in loans to large and small businesses, an immediate crash in credit options for consumers, and an overall crash in consumer spending. You might recognize this as the recipe that created the 1981-1982 recession, the third-worst in the 20th century.
In other words, the choice is stagflation, or deflationary depression.”
It would appear that the Fed has chosen stagflation. We have now reached the stage of the game in which stagflation is becoming a household term, and it’s only going to get worse from here on.
Lies, damned lies and statistics
According to official consumer price index (CPI) calculations and Fed data, we are now witnessing the largest inflation surge in over 30 years, but the real story is much more concerning.
CPI numbers are manipulated and have been since the 1990s when calculation methods were changed and certain unsavory factors were removed. If we look at inflation according to the original way of calculation, it is actually double that reported by the government today.
In particular, necessities like food, housing and energy have exploded in price, but we are only at the beginning.
To be clear, Biden’s infrastructure bill and the pandemic stimulus are not the only culprits behind the stagflation event. This has been a long time coming; it is the culmination of many years of central bank stimulus sabotage and multiple presidents supporting multiple dollar devaluation schemes. Biden simply appears to be the president to put the final nail in the coffin of the U.S. economy (or perhaps Kamala Harris, we’ll see how long Biden maintains his mental health facade).
But how bad will the situation get?
“Collapse” is not too strong a word
I think most alternative economists have called the situation correctly in predicting a “collapse.” This is often treated as a loaded term, but I don’t know what else you could call the scenario we are facing. The covid lockdowns and the battle over the vax mandates have perhaps distracted Americans from an even larger danger of financial instability. That fight is important and must continue, but stopping the mandates does not mean the overarching threat of economic chaos goes away, and both serve the interest of central bankers and globalists.
Some of the key policies within the literature for the “Great Reset” and what the World Economic Forum calls “The 4th Industrial Revolution” includes Universal Basic Income (UBI), the “Sharing Economy” and eventually a global digital currency system using the IMF’s Special Drawing Rights basket as a foundation. Essentially, it would be a form of global technocratic communism, and if you enjoy individual freedom, being forced into total reliance on the government for your very survival does not sound appealing.
To obtain such a system would require a catastrophe of epic proportions. The Covid pandemic gets the globalists part of the way there, but it’s obviously not enough. Covid has not convinced many hundreds of millions of people around the world to give up their freedoms for the sake of security.
But maybe a stagflationary collapse will accomplish what Covid has not?
Accelerated price spikes in necessities including housing and food will generate mass poverty and homelessness. There is no chance that wages will keep up with costs. The government might step in with more stimulus to help major corporations and businesses increase wages, but this would basically be the beginning of a universal basic income (UBI, or free money for everyone) and it would only cause more dollar devaluation and more inflation. They could try to freeze prices as many communist regimes have in the past, but this only leads to increased manufacturing shut downs because the costs of production are too high and the profit incentives too low.
I suspect that the establishment will bring back regular checks (like the Covid checks) for the public now struggling to deal with ever increasing expenses and uncertainty, but with strings attached. Don’t expect a UBI check, for example, if you refuse to comply with the vax mandates. If you run a business, don’t expect stimulus aid if you hire non-compliant workers. UBI gives the government ultimate control over everything, and a stagflationary crisis gives them the perfect opportunity to introduce permanent UBI.
The mainstream can no longer deny the fact that stagflation is happening and it is a threat, so hopefully those people that have not been educated on the situation will learn quickly enough to complete the preparations necessary to survive. Countering stagflation will require localized production, decentralization and a move away from reliance on the global supply chain, the institution of local currency systems, perhaps using state banks like the one in North Dakota as a model, barter markets and physical precious metals that rise in value along with inflationary pressures. There is a lot that needs to be done, and very little time to do it.
At bottom, the fight against economic collapse and the “Great Reset” starts with each individual and how they prepare. Each person caught by surprise and stricken with poverty is just another person added to the hungry mob begging the establishment for draconian solutions like UBI. Each properly-prepared individual is, as always, an obstacle to authoritarianism. It’s time to choose which one you will be.
Originally posted at Activist Post
I think the economic collapse is one reason why the elite went a bit early with this Covid nonsense. Just because they may have had the means to bring about an economic collapse at a time of their choosing, that doesn’t mean they had the power to stop a collapse at a time they didn’t choose. I’d say they would rather we were weakened by years of the shortages we are seeing now, with lots of people dead and dying from cold, malnutrition, health afflictions and other hardships, then hit us with the Covid scam and their lethal injections. I get the feeling the collapse forced their hand and they moved perhaps five years too early.
The vaccine is America’s cash cow. It is the greatest transfer of wealth from around the world to America. The vaccine may have saved their economy. It is the biggest fraud in the history of the planet.
You people just dont seem able to take it in
we won the war over you a long time ago
this is why you fight wars for us
give huge amounts of money to us
and are already our slaves.
We laugh at you we make your youth a laughing stock
making them punks mods or just plain material for our homosexuals.
the bible says only 144,000 will be saved the rest we will kill off
Israel will rule the world, everything you think you have already belongs to us
soon you will all be living in the streets
fabulous speech against what they call racism
https://www.youtube.com/watch?v=9EfAGBkecZM
The NWO gang, who control the USA and most industrialized countries, highly likely punish those prepared for an economic collapse, when the economy significantly collapses via taking their money, including their money in retirement accounts, via taxes, special taxes, fees for taking money out of their retirement accounts etc.
The NWO gang easily convinces people in poverty, even in the USA, to accept the One World Government with its Universal Basic Income (UBI).
Biden’s Monthly Child Tax credit, is basically UBI (free monthly money per each child) and highly likely gets extended. Most politicians don’t want their competition in the next election to claim he wants to take free money from you and your family so they vote to extend the Monthly Child Tax Credit and add more free money. Marxism and the One World Government in America, oh well.
Well we’re now getting close to the truth. The bogus ‘pandemic’ is a projection of the genuine fear, and excitement, the owners of the globistical private central bankstering system are feeling. And by owners, I mean this pack of assholes … https://www.lawfulpath.com/ref/federal_reserve.shtml
ALL usurious systems MUST end in collapse. It is simple, very simple, mathematics. They are ALL Ponzi schemes. ‘Scheme’ being the operative word. Because they involve a lot of scheming, a lot of deception, a lot of lying, and a lot of corruption. Culminating in Wokeism, gender dysphoria, Kalergistical Plan refugeeism, child traffiking, adrenochrome harvesting, and the rest of the rot we now see at the heart of ‘Western’, or should that be ‘Zestern’, ‘civilization’.
Of course, as soon as you put debt-based, state-backed usurious monetary systems in place, the immediate effect is one of huge stimulus. Such as what happened in Britain after the ‘Bank of England’ was inaugurated in 1695 or thereabouts. Hey presto … Industrial Revolution. By the end of the 1800s, Britain was bankrupt. DROWNING in usurious debt. Hence WWI … the ‘war to end all wars’.
Of course usurers throughout history find it enormously easy to justify their utter moral bankruptcy, not to mention depravity. You see … there’s too many humans. The ‘herd’ must be culled. Which is what World Wars I and II were all about. And now the global Jonestown Suicide Injection.
Something must indeed go. That much is certain. Humanity at large? Or the stinking asshole of a privately owned and operated central banking system?
‘Once the herd accepts mandatory vaccinations, it’s game over. They will accept anything – forcible blood or organ donation – “for the greater good”. We can genetically modify children and sterilize them … “for the greater good”. Control sheep minds and you control the herd. Vaccine makers stand to make billions. And many of you in this room are investors. It’s a big win-win. We thin out the herd and the herd pays us for extermination services.” – Asshole-in-Chief, Heinrich Kissmyassinger, from a speech to the WHO Council on Eugenics, Feb 25, 2009
Source: Rothschild Reuters … https://www.reuters.com/article/uk-factcheck-henry-kissinger-quote-manda-idUSKBN22Y251
see maddie mc’ann on epsteins island
https://medium.com/crimebeat/madeleine-mccann-and-the-epstein-connection-d7dae29cbcf3
Sorry@Danny Cohen, but the players in the game are not solely as you declare. The rabbit hole is very deep and the light never gets to the end of it.
@danny cohen
In a really contrived American game show voice; ‘Come on down Danny, it’s time to play….LAST TRIBE STARVING!!’
Danny, have you seen where it says this in The Bible? “In the last days the God of Abraham looked upon the Children of Israel and His Heart was sorely troubled. His Chosen People had broken His Ten Commandments and were nothing but thieves, liars, murderers and sinners of every kind. In their wickedness they had exalted themselves above the rest of Mankind and thought none but they themselves could see their evil deeds. In His Divine Justice The Lord brought down His Wrath upon them and removed the veil from the eyes of Mankind and they saw The Jews for what they were. This time was called Armageddon and it was a time of great tribulation for the Children of Israel. The Lord caused the Goyim to smite them mightily, in many terrible ways. In the fullness of time The Lord relented. Those few Jews that survived His Wrath learned to live as true brothers and sisters with the others of Mankind.”
I didn’t want to comment on this rather woolly article that gets quite a bit wrong, IMHO.
“Forced dependence on globalism”. Who was forced? There’s nothing forced about it. From 1945 until the 1970s, globalism was a win, win for the US/UK, but greed got in the way and by the 1980s, jobs were pouring out of the West, & in particular from the UK and US.
In order to keep all the ball in the air, they started ramping up the debt, all kinds of debt. After 1999, we had silly debt, & after 2008 we had stupendous debts.
They, the Western elites, would love to do a debt reset, but they can’t, because China and Russia, & many others want a better deal. Such as a basket of currencies to replace the US dollar, or a gold-backed system, but the City crime cartels and Wall St. mobsters want their cake & eat it.
Because the system is broken & the UK/US are staggeringly bankrupt, & Brexit, which was a big geopolitical gambit, the UK deep state rolled out Covid, but not only that, the Chinese economy has been blockaded, & the UK/US seeks war with Russia, & China.
As to hiding the economic catastrophe, that is a joke, how can you hide the elephant in the room? You might write the misleading article above if you watch and listen to the fake news. I was posting about the coming 2008 designed financial collapse in 2001/2/3. Admittedly, it happened later than I expected. Since 2008, there’s been no real recovery, & in fact, the UK and US economies are in real terms, smaller than 2007.
Let’s not kid ourselves, the sheeple voted for all of this. In late 2008 I was chatting to a SOUTH African bank OWNER. We were discussing the designed financial collapse. He said to me (word 4 word): “I am surprised the people are bot in the City burning the banks down.” Bank OWNER, shocked by the staggering high crimes that were required to crash the global financial system, by design. All we’ve had since 1999, are elite high crimes.
Are they struggling to hide the economic mess? No, because the sheeple don’t care. The thicko British sheeple don’t care that our one-party state created £20 billion for Help2Buy, just to stop house prices from falling.
Xxxx you cohen !
“Rather, I believe the Fed is an ideological suicide bomber waiting to blow itself up and deliberately derail or destroy the American economy at the right moment”
No, the Fed is a kike invented demonic entity since biblical times.
Another so called author of an article refusing to name the Jews; the source of mankind’s woes.
As soon as I read the sentence “the destruction of American buying power began in 2007-2008 when the Financial Crisis was used as an excuse to allow the Fed to create trillions upon trillions in stimulus dollars for well over a decade.”, I knew Smith was still kind of wet behind the ears, and like so many Americans he will not look into the blackness of all of the planning that actually got us here. Some liberty movement.
Our real problems were all foreseeable and carried out with the influence, funding, planning, fineness, and delight of the central banking dynasties of the West, and accomplices, in their global reach for centralized control and expansion which began after WWII. All of the mentions of term “New World Order” by people in high places from that time were not accidental. If Smith or any actual economist really wanted to determine how we in the West got here, they would have to cast off all of their sacred cows including the American-first, so-called “liberty movement”, their abhorrence of looking at the sins and exploitation of their own nation and kind, their globalist interests, and/or their fears of being labeled a conspiracy theorist. Of course, if we were to cast off our sacred cows, ideologies’ and political interests and we just looked that the cold hard facts of our histories, life would not be as much fun, and we would not win whatever game we were playing.
Free trade was mainly premised on low-cost labor which with the opening of the Rothschild-Rockefeller prodigy of communist China to trade with the West, entailing not only a huge economic expansion with billions more people suddenly coming into our markets but a huge outsourcing of capital, technology, machinery, know-how and jobs to China and other low-cost labor nations. If you want to apply a value judgement of “good” or “bad” to that process according to your interests, it will all depend mainly on your point of view and what faction you identify with. It is nevertheless clear that the process of such globalisation with more people seeking economic prosperity is the main justification of the globalist movement and the main impetus for the one-world government advocated by the all of the backers of the New World Order. Despite one’s views, it is hard to argue against prosperity for the masses of people living in conditions of poverty. When you are from a nation with overabundance and you see people struggling to get by but who are willing to work harder and for less than those in your rich homeland, you will be inclined to see the benefits of free trade, both for the poor and for your own advancement.
That process was entirely foreseeable starting even before the 1972 Kissinger & Nixon visits to China. It would mean huge profits for investors and for many Western corporations to make huge expansions into Chinese’s manufacturing sector. Where the investors believed they were both making a great deal of money and at the same time helping global development through the expansion of trade, productivity, and markets, they unfortunately conveniently cast a blind eye to the draining process going on in the West.
When open trade began with China in 1979 it just took 20 years to turn every major Western nation from a creditor nation to a debtor nation. From the 1970’s to 1992 the globalist planners devised all sorts of sustainability measures to be regulated and controlled by their planned globalist government. They were well aware of the trade imbalances and that fact that the vast wealth of the new globalist jet-set investors from the West was not just gained by the sweat shops of low-cost labor in China and other third-world nations. They were well aware that the imbalances which they attempted to correct by inflating our currencies long before the crash of 2007-2008 was essentially a result of using Western markets to purchase all of the cheap goods made outside the West, with no countervailing tariffs or protections. It was not just by the huge investments and outsourcing of capital, technology, know-how, and jobs which created the globalist movement. The real backbone of the entire globalist movement was and continues to be the use of markets in developed nations for “profit”, which are still mainly the fast-failing, and drained nations of the West where even the last dregs of hope have been sucked out of the common people.
Essentially the West by design has traded its birthright for a pottage of ticky tacky from China, mostly for things we do not really need, nor in any case we can really afford anyway when we look squarely at how the investments and trade has destroyed our own economies, independence and security. Those who have looked more carefully at the machinations of the Western Few controlling the money power know that they are locking us into a globalist superstructure to maintain their dominance and control, and that the demise of the Western economy was in fact not only clearly foreseeable to them but it was actually planned and engineered, as was all of the hype and deflections over CO2 global warming, the migration crisis designed to demolish borders and the integrity of nation states, and of course the Covid pandemic which is the coup de grace to make us in the West totally dependent on the handouts of the Few. Anyone who thinks the economic crashes over the past 20 years just sort of “evolved”, and that the Few did not foresee and plan the resulting and growing deficits and dependency on them is in my view either one of their agents or totally naïve.
More like the incoming racial collapse of the USA, than ‘economic’. The value & quality of a society isn’t based upon its ‘economy’, but upon its racial composition. All Caucasian created societies that are/become multiracial eventually shatter & implode into mongrel mayhem & criminal ape anarchy as the nonwhite population increases..Like ancient Egypt or Greece, now its the turn of the West to metamorphose into societal decay, dysfunctional governance & simian insanity…
The whole be greater than the sum of the parts. Wealth and Health, twin pillars if not twin towers of power, once lost, takes great investment to retrieve, a process that may span generations to come. In comparison, seeming pittances tossed aside — religion, morality, critical thinking, all the targets of Kultural Marxi$m — seem replaceable in the American (midwestern) philosophy of “make it, make do, or do without”. Many have already “done without” formal religion for most of their lives. Where rules, regulations, and prohibitions fail, The Golden Rule and The Two Great Commandments prevail without equal. What befell first informal, then formal education need not last past the present cohort of incarnate mankind.
I do not buy into Mr. Smith’s dialectic individualism | authoritarianism. We be One, we be many. Spirit and Nature dancing together, victory to Spirit, victory to Nature (Yogananda). We have not so much to “get back to the Garden” (CS&N or CSN&Y). We have to return to tending our own gardens (Voltaire).
The entire West is a vast financial bubble. Collapse is inevitable. It’s a question of whether the elite collapse it at their leisure and for their own purpose, or it implodes of its own accord.
The entire West is one vast financial bubble. Collapse is inevitable. The only question is whether the elite collapse it at their leisure and for their own purpose, or it implodes of its own accord.
Nico X:. Well said..thank you.
In August 1971 Nixon ‘temporally’ ended the gold standard, a huge event that passed as something trivial. Now we are eating the rotten fruits produced by that singular political chicanery.
Bank notes today are nothing but pieces of paper or meaningless printed bytes in a computer screen. No sane person would accept ‘Monopoly’ money as payment. Bankers have all power because they have unlimited ‘money.’
Price discovery is the shock of reality that is coming. Whether by inflation or collapse people will discover the true value of ‘Monopoly’ money – ZERO. If you have a bank account I suggest you trade your ‘money’ for tangible assets, as soon as possible. There won’t be enough chairs to sit when the music stops.
@Lerch…Thanks comrade..
Do what thou wilt shall be the whole of the Law.
If people still work for pounds it is still money and does not have to be put into a global context unless you are Jew hoping to own the world, like Marx or this Cohen persona in the comments(probably not a person).
Speculation, usury, corporations, trading your straw man futures because all people are Dead In The Water and this is mentioned in a book that devises how to destroy the majority in favor of another, more megalomanical, psychopathic or sociopathic mentality with a high IQ, no wisdom and contempt for all life except for their own. You all are birthed not born. You are a miscarriage and you have no clue of what kind of system of law that is used to where a corporation is a person with all the rights of a free person while the rest work for their liberties when the boss says ok.
I’ve seen this coming since wages became earnings and found out the difference back in John Stuart Mills and Adam Smith and their discussion of an economic system. People are born into serfdom unless you have connections or have a desirable position to control the eunuchs that believe that they are people and have freedom of choice, but of those that are offered because there are no free men as freethinkers have devolved into contemptible pieces of a tar like ooze..
At least in the 5 book Wealth of Nations, Adam Smith does some diligence for the requirement of morals and ethics. No such luck with Mills who would slaughter at all cost to for personal gain.
If anyone thinks they can fix the system and maintain any of the status quo, you are a fool. People must take back their own sovereignty and eliminate all those who have been part of the greatest lie of “progress and culture”. The only way? Those who stand behind the big lie of business economics as it exists with any form of speculation and the inability to recognize that the people they call employees are actually their own people exchanging skills for what was to facilitate the exchange of good and services.
The super class (per Rothschild know nothing Klaus Schwab) and their henchmen must disappear. Gold and Silver are the gods of the heathen. Stupidity of the want of it can be easily shown to be a choice only an idiot can make. These people will destroy the natural world where one can gather food without fear and not be taxed, prosecuted, licenced… for something that has no lasting value are the idiots. Would not a land filled with wildlife and flora that lasts as many generations in the future as one can see a better choice than destroying all the waterways and wild lands to hoard a false sense of entitlement and no future.
Those who love their own hoarding of senseless amusements that are temporary and destroy the future for all are the useless idiots of the world and they happen to have all the weapons of death and destruction, corrupt laws, corrupt, bought and blackmailed sycophants at their heal.
The wisdom of the ages is gone, wiped out for temporary amusement. Lost are the ways of the wise who loved this earth and were part of it. What’s left? Nothing soon.
@Danny Cohen–just wondering, are you a Talmudic Jew or what? Sounds that way….and BTW, your god Satan will get the last laugh as he “gnashes” his teeth on your “weeping” soul… Sorry, but Christ is not burning in hell in his own excrement for eternity as it says in your Gitten 57a…
There is a fairly good book on collapse by Jared Diamond, “Collapse”. The collapse case studies of the past cited by Diamond were different from today’s unfolding tragedy in being primarily resource shortages. Classic collapses were similar to the episodes in a book called “A Forest Journey” by Harlin. They followed the patterns on St. Matthews island. They were similar to modern Peak Oil theory in that sense.
Classic collapses never had intentional sabotage to contend with, other than foreign invasion and then bolshevism in modern times. Mostly they were the result of collective stupidity and obsessive consumption. Today the pyramid capstone and its clueless sayanim intentionally attack the entire world, but with a twist. The Reset is not designed to work and never will because it can’t. The truly insane thing about modern Deuteronomy is the people rushing to sacrifice humanity with its sovereignty and freedom, prosperity and spirit, are not even planning to survive the outcome of their destruction. These tribal people have written books on their real plans and you can read Kurzweil and Hariri of Hebrew University to find out how they “think” about the successors to humanity including all jews: dog robots that will not hunt without a recharge….tell me again how much smarter yid culture is than the alternatives.
Hmmm.. After seeing that picture above, I can only shout very loudly ??
USA #1 ! USA #1 ! USA #1 ! USA #1 ! USA #1 ! RA RA. RA. USA #1 ! USA #1 !.