Globally, food prices increased by 29.8% between April 2021 and April 2022
Mon 7:24 am +01:00, 13 Jun 2022 11- Financial experts and insiders have, for well over a decade, warned that a collapse of the U.S. currency is a mathematical inevitability, and this collapse will have global ramifications, as the dollar is the world’s reserve currency
- U.S. inflation is currently at 8.3%, but in some markets, it’s in the double digits. Used car sales, for example, have seen an inflation rate of 22.7% in the past 12 months. Globally, food prices increased by 29.8% between April 2021 and April 2022
- In 2011, George Soros stated that economic collapse is “foreseen” and that authorities were simply buying time before the inevitable collapse. Now that we’re in the economy’s final death throes, those who have been aware of the trajectory for well over a decade cannot admit it, because then they’d have to explain why they didn’t act to stop it. Admission would also expose the central bank system as the fraud that it is
- At the root of this collapse is money printing. In the last 50 years, the U.S. has had only four years during which it made a profit, and that profit wouldn’t even cover six months’ worth of the current annual deficit. In short, the U.S. is well beyond bankruptcy
- In 2020, the World Economic Forum formally announced that a Great Reset is in the works, and this “reset” is basically how the globalist cabal intends to “fix” this situation. It’s not a solution for the average person, however, because The Great Reset solves the problem by transferring wealth and power into the hands of the few and erasing democracy worldwide in one fell swoop
While many still refuse to believe it, financial experts and insiders have long warned that a collapse of the U.S. currency is a mathematical inevitability.1,2 The most surprising thing, really, is that it has lasted this long. The same can be said for the financial system of the world as a whole.
Collapse Predictions Go Back More Than a Decade
In 2011, Business Insider warned “the dollar collapse will be the single largest event in human history,” touching “every single living person in the world.”3 They also warned that “The collapse of currencies will lead to the collapse of ALL paper assets,” and that “The repercussions to this will have incredible results worldwide.”
That same year, liberal billionaire George Soros echoed the same warning, saying “We’re on the verge of an economic collapse.”4 The main difference was that Soros predicted the collapse of the Euro. Soros also noted that:5
“It’s a kind of financial crisis that is really developing. It’s foreseen. Most people realize it. It’s still developing. The authorities are actually engaged in buying time.”
So far, authorities have successfully “bought time,” holding the system together with proverbial duct tape and paperclips. But eventually, time will run out and the system will fail. To quote Ayn Rand, “You can ignore reality, but you can’t ignore the consequences of ignoring reality.”
In 2013, investment adviser and financial strategist Michael Pento warned:6 “Our addictions to debt and cheap money have finally caused our major international creditors to call for an end to dollar hegemony and to push for a ‘de-Americanized’ world.”
That same year, Canadian billionaire investor Ned Goodman also predicted7 that “the dollar is about to become dethroned as the world’s defacto currency,” that we were “headed to a period of stagflation, maybe serious inflation,” and that “the United States will be losing the privilege of being able to print at its will the global reserve currency.”
More recently, in June 2020, economist and former Morgan Stanley Asia chairman, Stephen Roach, told CNBC:8
“The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very low domestic savings rate and a chronic current account deficit. The dollar is going to fall very, very sharply9 … These problems are going from bad to worse as we blow out the fiscal deficit in the years ahead.”
Don’t Expect a ‘Soft Landing’
All of last year, even as inflation started rising before our eyes, authorities denied that things were as bad as they seemed. Inflation is transitory, they said. It wasn’t until May 2022 that Federal Reserve chair Jerome Powell finally admitted that executing a soft landing may be beyond the Federal Reserve’s control (see video above).
Powell’s definition of a “soft landing” was 2% inflation with a strong labor market. Clearly, we’re well past that point already. The chart below, from U.S. Inflation Calculator, is illustrative.10
U.S. inflation is currently at 8.3%, but in some markets, it’s in the double digits. Used car sales, for example, have seen an inflation rate of 22.7% in the past 12 months.11 Globally, food prices increased by 29.8% between April 2021 and April 2022.12
May 31, 2022, Treasury secretary Janet Yellen finally also admitted13 she was wrong when, in 2021, she said inflation would be a “small risk” that would be “manageable” and “not a problem.” In an interview with CNN host Wolf Blitzer, Yellen claimed:
“There have been unanticipated and large shocks to the economy that have boosted energy and food prices, and supply bottlenecks that affected our economy badly that I didn’t, at the time, fully understand.”
How the treasury secretary could be so ignorant of fiscal realities is hard to fathom. But she’s not the only one trying to blame our financial situation on “unanticipated” events. Participants at the World Economic Forum’s Davos meeting blame inflation on corporate greed, which only proves they’re unqualified to manage anything, let alone a global economy. As noted by Kentucky Sen. Rand Paul:14
“If you were in a third-grade class, I’d give you a failing grade if you told me inflation was caused by greed. That is the dumbest explanation, the most implausible, lacking all facts, that someone could put forward.
Inflation is caused by an increase in the money supply … The Federal Reserve prints it up to borrow it; it floods the economy and drives prices up. If you don’t understand that, it’ll never get any better.”
Again, recall that Soros in 2011 stated that economic collapse is “foreseen” and that authorities were simply buying time before the inevitable collapse.15 Now that we’re in the economy’s final death throes, those who have been aware of the trajectory for well over a decade, if not longer, cannot admit it, because then they’d have to explain why they didn’t act to stop it.
Such an admission would also expose the central bank system as the fraud that it is. So, they now blame anything they can think of, even if it makes no rational sense.
Big Picture Overview
In a June 5, 2022, Twitter thread, Kim Dotcom provided the following overview of the situation and how we got here:16
“The reality is that the U.S. has been bankrupt for some time and what’s coming is a nightmare: Mass poverty and a new system of control … Total U.S. debt is at $90 trillion. U.S. unfunded liabilities are at $169 trillion. Combined that’s $778,000 per U.S. citizen or $2,067,000 per U.S. tax payer.
Remember, the only way the US Government can operate now is by printing more money. Which means hyperinflation is inevitable. The total value of ALL companies listed on the U.S. stock market is $53 trillion.
The real value is much lower because the US has been printing trillions to provide interest free loans to investment banks to pump up the stock market. It’s a scam. Most of the $53 trillion is air.
The value of all U.S. assets combined, every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion. That number is also full of air just like the U.S. stock market.
Let’s do the math: U.S. total debt $90 trillion; U.S. unfunded liabilities $169 trillion. Total $259 trillion. Minus all U.S. assets, $193 trillion. Balance, -$66 trillion. That’s $66 trillion of debt and liabilities after every asset in the U.S. has been sold off … So even if the U.S. could sell all assets at the current value, which is impossible, it would still be broke. The U.S. is beyond bankrupt …”
At the root of this collapse is money printing. As noted by this Twitter user, the U.S. has been running a deficit since 2001. In the last 50 years, the U.S. has had only four years during which it made a profit, and that profit wouldn’t even cover six months-worth of the current annual deficit.
With debt and spending spiraling out of control for so long, the U.S. government has had no choice but to print more money, which only makes the problem worse. Money printing is what causes inflation. It’s incorrect to view inflation as a price increase, per se.
It’s really a decline in the value, or purchasing power, of the currency. The value of your money declines as the pool of total dollars available increases. Here’s a chart showing how the printing of money has skyrocketed over time.
How Has the Dollar Survived This Long?
The reason the dollar has survived this long is because it’s the world’s reserve currency. Nations around the world must hold U.S. dollars as it’s the currency used for world trade. Many have lived under the illusion that this would never change. Alas, nothing in this world is permanent.
As the U.S. has continued to print dollars, it has caused inflation around the world, so the supremacy of the dollar is no longer uncontested. And, when the dollar does finally collapse, global markets will go down with it — unless countries ditch the dollar as the reserve currency first, which would be an absolute disaster for Americans, as it would trigger hyperinflation almost immediately.
Basically, one way of looking at money printing and the resulting inflation is as a form of theft. Value is stolen. Purchasing power is stolen. And the inflation of the dollar is, as Kim Dotcom notes,17 “The biggest theft in history,” as it affects the whole world.
What’s more, there’s no way to fix this problem. There’s no way out. As in a personal bankruptcy, at a certain point, there’s no way for you to ever pay back the interest you owe on the money you borrowed. At that point, your only option is to file for bankruptcy and start over.
In 2020, the World Economic Forum formally announced that a Great Reset is in the works, and this “reset” is basically how the globalist cabal intends to “fix” this situation. It’s not an attractive solution for the average person, however, because The Great Reset solves the problem by transferring all the world’s wealth and power into the hands of the few and erasing democracy worldwide in one fell swoop.
Basically, they’re now trying to control the demolition of the world’s financial system in such a way that people will voluntarily agree to their new system. What many still fail to understand is that the new system will be far worse than the old one. At least under the fiat currency central bank system, there was the illusion that the average person could build wealth.
Under The Great Reset’s new centralized financial system, all wealth and all the world’s resources will be under the control of unelected technocrats who will rule and micromanage your personal life through technological surveillance and algorithms — all under the guise of “saving the planet.”
Who Owns and Controls the World
Already, 90% of all S&P 500 firms are owned by a mere three investment firms: BlackRock, Vanguard and State Street. This includes drug companies and the centralized legacy media, which I reviewed in “The Same Shady People Own Big Pharma and the Media.”
Time Warner, Comcast, Disney and News Corp — four of the six media companies that control more than 90% of the U.S. media landscape18,19 — are owned by BlackRock and Vanguard. Needless to say, if you have control of this many news outlets, you can control entire nations by way of carefully orchestrated and organized centralized propaganda disguised as journalism.
The assets of BlackRock alone are valued at $10 trillion.20 Making this circle of power even smaller, Vanguard is the largest shareholder of BlackRock.21,22 And who owns Vanguard? Due to its legal structure, ownership is difficult to discern. It’s owned by its various funds, which in turn are owned by the shareholders. Aside from these shareholders, it has no outside investors and is not publicly traded.23
That said, many of the oldest, richest families in the world can be linked to Vanguard funds, including the Rothschilds,24,25 the Orsini family, the Bush family, the British Royal family, the du Pont family, and the Morgans, Vanderbilts and Rockefellers.
Considering BlackRock in 2018 announced that it has “social expectations” from the companies it invests in,26 its potential role as a central hub in The Great Reset and the “build back better” plan cannot be overlooked.
Add to this information showing it “undermines competition through owning shares in competing companies” and “blurs boundaries between private capital and government affairs by working closely with regulators,”27,28 and one would be hard-pressed to not see how BlackRock/Vanguard and their globalist owners might be able to facilitate The Great Reset and the so-called “green” revolution, both of which are part of the same wealth-theft scheme.
The Controlled Demolition of Food and Finance
At this point, it’s important to understand that The Great Reset involves not only the controlled demolition of finance but also the controlled demolition of our food system. After all, he who controls the food really controls the world. As explained by Kit Knightly in Off-Guardian:29
“We’re in the early stages of a food crisis. The press has been predicting this for years, but up until now it always appeared to be nothing more than fearmongering, designed to worry or distract people, but the signs are there that this time, to quote Joe Biden, it ‘is going to be real.’
Nobody knows how bad it could get, except the people who are creating it. Because the evidence is pretty clear, it is being deliberately and cold-bloodedly created … We have Russia’s ‘special operation’ in Ukraine driving up the price of staple foods, wheat and sunflower oil, as well as fertilizer.
We have the sudden ‘bird flu outbreak’ driving up the price of poultry and eggs. The soaring price of oil is driving up the cost of food distribution. The inflation caused by huge influxes of fiat currency means families are spending more money on less food. And as all this is happening, the U.S. and UK (and maybe others, we don’t know) are literally paying farmers not to farm …
Just as the COVID ‘pandemic’ was said to highlight ‘weaknesses in the multilateral system,’ so this food crisis will show that our ‘unstable food systems are in need of reform’ and we need to ensure our ‘food security’ … or a thousand variations on that theme …
In an interview from July last year, Ruth Richardson the Executive Director of the NGO Global Alliance for the Future of Food literally said: ‘Our dominant food system needs to be dismantled and rebuilt’ …
Writing in the Guardian two weeks ago, George Monbiot, weathervane for every deep state agenda, states with his trademark lack of subtlety: ‘The banks collapsed in 2008 — and our food system is about to do the same … The system has to change.’”
So, just what kind of food system is the globalist cabal dreaming of implementing? Well, the World Economic Forum has been talking about this for years, so it’s not hard to figure out what they want to transition us into.
One key change will be to transition us away from real meat and into patentable lab-grown meats. They’ve also been pushing the idea of eating bugs, weeds and gene-edited foods.
“Supranational companies, with profits larger than the budget of some nations, are developing carbon footprint tracker apps30 which reward people for making the ‘right decisions. That could easily be applied to food,’” Knightly adds.31
“The play is clear: Right now they’re getting ready to tear all our old food systems down, with the stated aim of building them back better. But better for them, not us.”
The Time to Prepare Is Now
Even if you don’t believe the worst-case scenarios are possible, I urge you to prepare for at least some measure of pain. Perhaps food shortages won’t turn into total famine conditions, but they might. At bare minimum, consider storing a few months of extra food for your family, as prices in the near future are only going to go up, and/or start growing some of your own food.
Likewise, whether the economic crash ends up being hard or soft, prepare yourself for potential financial hardship. Buying physical precious metals could be one defensive strategy, as it can help protect against currency devaluation. Investing in real assets, such as land could be another.
It’s hard to make definitive recommendations, as your strategy will depend on your personal situation, so take some time to think things through. If you do nothing to hedge your bets, you may one day find yourself left with nothing — which is precisely what the World Economic Forum has declared will be our lot. Other key areas of basic preparation were listed in yesterday’s article, “Are You Prepared for the Coming Food Catastrophe?”
The assets of BlackRock alone are valued at $10 trillion.20 Making this circle of power even smaller, Vanguard is the largest shareholder of BlackRock.21,22 And who owns Vanguard? Due to its legal structure, ownership is difficult to discern. It’s owned by its various funds, which in turn are owned by the shareholders. Aside from these shareholders, it has no outside investors and is not publicly traded.
That said, many of the oldest, richest families in the world can be linked to Vanguard funds, including the Rothschilds,24,25 the Orsini family, the Bush family, the British Royal family, the du Pont family, and the Morgans, Vanderbilts and Rockefellers.
Add to this information showing it “undermines competition through owning shares in competing companies” and “blurs boundaries between private capital and government affairs by working closely with regulators,”27,28 and one would be hard-pressed to not see how BlackRock/Vanguard and their globalist owners might be able to facilitate The Great Reset and the so-called “green” revolution, both of which are part of the same wealth-theft scheme.
Incredible information in just those three paragraphs from this article. It is so important that it deserves to stand alone!
Just think how wonderful it would be if the contents of this entire article could be communicated to the world population. They might not choose to believe it, but it is pretty difficult information to refute.
This is a good article and should be read by everyone as danceaway says. Certainly the money printing is the central issue. The 3 massive investment trusts have been thoroughly exposed elsewhere too, they do seem to constitute a monolithic super entity that controls all the large corporations in the west. My big question about that is: Do they also control all the corporations of Russia, China [including the state corporations], India, Iran [ditto] etc etc too? It’s a genuine question, I don’t know the answer, does anybody else?
So I’m not so sure that the “globalists” are as unified a bloc as Mercola makes out. If they DO control those other corporations/states too then, maybe they are. But, on the face of it then, the countries outside the western bloc are backing the “Win-win, Mutual Growth, reset” from Russia, China, Iran etc. And who could blame them, it’s a no brainer: Either endless financial colonisation and consequent theft of resources by the western empire, or mutual development to benefit everybody including the in-country population. The rest make up approx 85% of the world population, the west only 15%. The rest [apart from their corrupt elites] must be well and truly fed up with the relentless theft of their resources, skills and commodities which has gone on for literally hundreds of years
The Ukraine conflict is illustrative. The Russian actions appear to be in direct conflict with the west and are being backed by the rest. These actions are leading to disastrous consequences for the west too: hyperinflation, food shortages, commodity shortages, fuel shortages etc etc. Most of all the killer blow: loss of the US$ world reserve currency status. When that happens everywhere then he dollar and the US nation are surely done for. Is that last the intention from a globally unified elite? Or are there at least 2 factions, possibly more, who are vying for supremacy? Can anyone enlighten me?
Thank you for such a thoughtful and well composed comment, Pete, expressing what many of us also wonder about and would love some answers to!! Please, someone, help us out!
Thanks danceaway, you are very kind
Yes please can somebody gives us more clarity on this?
It would be nice to think the world is not entirely owned by a single corporation with many heads, and that there are schisms. The only thing I noticed that is the MacDonalds logo in Moscow is being replaced with what looks horribly like a version of the Marriott logo. There may be schisms higher up. There is one that we might be aware of. The Devil and his Demons control most of the structure, it seems, including the media, and he thinks he’s in for a massive win. Yet the peoples of the world who believe there is a God such as Russia and Turkey are clearly outperforming the godless nations of Europe, the UK, ANZ, and the US, at this point. It is far too complex a situation to be possible for a mere human mind to analyse. The good spirits will help us if we call on them. But note how the Ukrainian Nationalists bear marks on their skin of total evil. They kill monks and priests and burn monasteries and are clearly possessed by the rituals they go through. The Devil understands who is his enemy, as do ordinary Russians. The usual result of persecution of people who have spiritual knowledge is that they ultimately win. If you want to win, meaning you want God or good to win, talk to him, talk to your relatives who have passed on, to any angels who call on you, and ask for help from all of them. They call it praying but communication to t he spirit world is actually more direct and instant, and always powerful. Those who commune with the Devil derive their power in exactly this way – and we need the opposite forces in the spirit world to be deployed – not just Russian soldiers who give their all. We all can join the spiritual fight and must do so. I was talking to my Grandfather (I am 67) and talking about him as he’s been in mind recently as someone who knew wars. A few moments later, after I vocally expressed a wish to see him, someone was seen with us in our car by security and I was asked who was with us today. There was no living person in the car, but on CCTV his spirit manifested. That was two weeks ago. As I describe briefly in my book Angels & Devils, this is nothing unusual in my lifetime and I know from many others, they experience similar, both from the good and the evil side of the account. We need to drive out the Demons and send them from our realm in the name of Jesus Christ or other messengers from God that are known. The good spirits are ready and willing to help us.
Thanks Tap, that makes sense to me
The devil does seen to control most of the structure too. We’ve witnessed some devilish crimes recently. From many of those who profess to have our best interests at heart too
I spoke with an octogenarian lady today who had just had her second booster and had been terribly ill, along with her husband who was even worse, and is still ill. She made my heart weep, the thought of knowing damage being inflicted on such a good, honest, kind and down to earth couple in their 80’s. She said to me “All the people at the clinic were old like me, are they trying to kill us off?”
I call on good spirits every day now
Sorry I added to the piece just now as it’s mayhem here with people being put to bed et al! The Devil fears people who die in contentment as they are able to transfer their peacefulness and happiness and reinforce the spirit world with their goodness, knowledge and experience. Evil wants us destroyed spiritually, in our hearts and minds so a very painful death, or a long slow demise with bitter regret would do nicely. Fortunately Pete, the old couple will make it through, I am sure, aided by your thoughts and prayers. We see many friends triple jabbed, almost all of whom now show signs of illness. It is a sad time, but if their good spirit will live on, they are not wasted and are still with us no matter what.
How interesting that she should make that comment to you, Pete; perhaps some elderly are beginning to see through the fog of propaganda; the elderly have a perspective which some young lack, gained from years of life experience.
She has seen through it for sure danceaway. She told me that when they both became sick then, they looked at the vaxx insert and realised that it is not an approved medicine. Told me that they would both never take another one. Better late than never
Of course I took the opportunity to give her some broad advice about the whole mess without being to alarmist for them. Also I said that there are detox protocols that I could help her with if she wants. Didn’t press her too much, she looked to be in a bit of shock tbh
Thank you Tap for all this; it is so valuable and appreciated.