Anthony Migchels: Return to Gold Standard Spells Disaster
henrymakow.com – Oct 14, 2019
Mark Carney, top Kingpin of the vipers enslaving and destroying the West and the World. Click to enlarge
“The Bankers have routinely switched between Gold and Credit-based systems, and it’s always the same: credit if they want to create debt and inflate, Gold Standards when they want deflation and associated depression.”
The Gold Standard will force an excruciating deleverage, austerity, deflation, and depression, and bring immense pain to the masses.
The Real Populists have been warning against the coming Gold Standard as the Banker Master Plan to destroy America for decades. The Libertarians in the Truth Movement have a lot of explaining to do, for continuing selling the Banker Plan to the uninitiated.
Consider the events of the last few weeks.
First Mark Carney, boss of the Bank of England makes an incredible speech, simply announcing the end of the US Dollar’s reserve currency status, and succession by an IMF generated and controlled World Reserve Currency. He went on to say the coming crises would be used to facilitate the transition.
Then two weeks ago, the FED’s repo rate suddenly spiked to 10% (!!). It’s supposed to be sitting at about 0%. The Banks weren’t lending to each other, that’s what caused the crisis. The FED had to dole out $75 Billion to get things under control.
Then over the weekend, the FED suddenly announced it would start Quantitative Easing 4.0, even though they don’t want to call it that, as they don’t want to admit the gravity of the situation. But it was pretty much an open secret that it would be inevitable.
And now major Central Banks are saying that we will need a Gold Standard after a reset.
Now have a look at this graph, courtesy David Jensen:
Click to enlarge
This is the trend of M2 growth over the last few decades. As you can see, the money supply has stopped growing, while it needs to grow quite substantially to keep the interest-charges payable. As a result, there is less and less money available in the real economy, and this is hammering economic activity.
It is the result of the FED’s tightening policies, raising rates and so-called ‘tapering’, taking the cash they injected to keep things going after the 2008 crash out of the economy again.
As we can see, the results have been disastrous. We’re now at 2008 levels of money growth, and a major crash is all but unavoidable and has already begun.
Of course, this is not caused by ‘incompetence’. The FED knows exactly what it has been doing, and many commentators have been pointing it out. Even Trump was on their case about it.
In fact, it must have been quite unnerving for them, to do it while all the initiated saw it clear as day. On the other hand, the effects of this must not be overstated. It’s over for the FED, they will be soon replaced. They will get the blame for everything, and everybody hates their guts, and the FED’s owners have had their successor ready for a very long time now. The real managers and owners of the System will, of course, remain the same, they’re just conveniently changing their vehicle, as they have so many times, in so many countries throughout Modernity.
THE COMING GOLD STANDARD
Source: Anthony Migchels: Return to Gold Standard Spells Disaster