Economy

Financial Whistleblower Explains What’s About to Happen to the Economy

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• published: 31 Oct 2016
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Financial Whistleblower Explains What’s About to Happen to the Economy. Source: http://www.wakingtimes.com/2016/10/28/financial-whistleblower-explains-whats-happen-economy/ “How is the government going to get people to pay their taxes if the government is not viewed as legitimate?” ~Catherine Austin Fitts The world economy is designed to fail through the mechanism of a banking system that requires all users of money to pay usury every time a transaction takes place. In this way, the financial systems of the world can be manipulated into a managed collapse, thereby causing global chaos so that the world’s nations and citizens can be tricked into demanding a global currency managed a global elite. Problem, reaction, solution. Economic hit man John Perkins wrote about this strategy as it was used in the 20th century to bring developing nations under the control of the international monetary fund and transnational profiteers, and at present this scheme is being globalized. “If an EHM is completely successful, the loans are so large that the debtor is forced to default on its payments after a few years. When this happens, then like the Mafia we demand our pound of flesh. This often includes one or more of the following: control over United Nations votes, the installation of military bases, or access to precious resources such as oil or the Panama Canal. Of course, the debtor still owes us the money—and another country is added to our global empire.” ~John Perkins, Confessions of an Economic Hit Man For decades now, the dollar has been in a slow burn style of collapse, and while many journalists, primarily outside of the mainstream, have been warning the world about how and why this is happening, we’re quickly approaching a turning point, where the slow burn moves into something more severe. While at first glance this seems like a frightening potentiality, the truth is that an economic collapse may very well be our best chance at freeing ourselves from the rule of the Gods of Money. A Whistleblower Warns Us and Gives Us Hope Speaking to Greg Hunter of USA Watchdog news, former Wall Street banker and former Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, Catherine Austin Fitts explains why the slow burn is about to come to an end. “The system has the capacity with monetary policy in one sense to keep going forever if the force and military capacity is there to do it, but at some point, you burn through the fat, you burn through the muscle and then you have to change institutions.” ~Catherine Austin Fitts. During the financial crisis of 2008, the government was able to prevent an uncontrolled firestorm collapse of the system by colluding with the chiefs of the financial sector, giving them bailouts of extraordinary magnitude, then inflating the dollar by the Federal Reserve’s introduction of quantitative easing. Eight years later, this tactic has reached its limit, however it has given the public significant reason and time to understand why our economy functions the way it does, and people are losing faith in our leadership. “It’s going to be extremely difficult to get people to continue to pay their taxes when they’re highly confident the money’s not being spent legally and it’s going to the advantage of small parties or things that they don’t understand. And so you can’t move further without institutional overhaul.” ~Catherine Austin Fitts Event Is Coming Soon Subscriber Appreciation $100 Monthly Giveaway: http://theeventiscomingsoon.com/our-youtube-cash-giveaway Like Us on facebook. https://facebook.com/theeventiscomingsoon Please subscribe For up todate intel about the Event and Disclosure go to our website: http://theeventiscomingsoon.com Event Is Coming Soon https://www.youtube.com/channel/UCJcmcStuyZVEkQheqINZjBA https://youtu.be/8baEBl9r00w