Financial Terrorism
by Bob Chapman
Global Research
February 15, 2012
By decree, by the privately owned Federal Reserve, zero interest rates are here to stay. You do not get to borrow at those rates, only the member banks do. In the latest currency swap (loan) from the Fed to the ECB, European Central Bank, as we noted in previous issues over the last two months, that Europe has been forced to join the Anglo-American system. The system of zero interest rates and the continual creation of money and credit. Due to the Fed’s ability to create endless supplies of money and credit it eventually took over the control of ECB and European monetary policy. These policies starkly point out the zero interest rates and monetary policy of endless money creation is the path to be taken probably by all in the system to lesser or greater degrees. That means no savings and that leaves speculation and the purchase of gold and silver related assets.
Looking at monetary history we would categorize this policy as Neanderthal. The recession/depression that the Fed has been tying to neutralize via zero interest rates and quantitative easing hasn’t worked and it won’t work. What is worse is the Fed knows it won’t work. Greenspan and Bernanke saw 21 years of such policy not work in Japan, yet they learned very little from living history. An example that zero interest rates do not work and render currency meaningless is the housing market. They cannot even lower bank home inventory with 3.8% loans. That tells you lower interest rates are not the answer. More jobs are the answer and where are they? They are in some other country under free trade, globalization, offshoring and outsourcing. It is far more important that transnational conglomerates make mega profits. Zero interest rates and quantitative easing stifle many things. It causes banks not to lend and to hold cash and as well be in no real hurry to get rid of real estate inventory. They figure the zero interest rates and QE will go on indefinitely. Such a climate also leads banks to speculate. If our take on the financial sector is correct it will be a hole before the bottom comes out of the system. The ability of the elitists to keep the game going until hyperinflation manifests itself is very good. You just saw that with a $1 trillion loan from the Fed to the ECB. They can make as many of these loans as they please until the system signals no more. How long will that take, who knows? All we know is that gold and silver will rise in that process.
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I agree Bob! The jobs are going away. If the global economy collapses, then this time around I think things are going to be different then they have been in the past. Some could become rich off the system. If we are in the very last of the last days, I feel that something else is going to transpire; I cannot prove what I am going to say. I feel the elite will create a global crises, then they will introduce the mircochip which everyone will have to take to be part of the new system. If we are in those times that are ready to happen, I do not believe gold or silver will help us. Here is why I believe that. In the original King James verson it says in James Chapter 5 verses 1 through 6. Go to now ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted and your garments are motheaten. Your gold and silver is cankered; the rust of them will be a witness against you, you shall eat your flesh as it were fire. Ye shall have heaped treasures together for the last days. Behold, the hire of the labourers who have reaped down your fields, which you kept back by fraud, crieth; and the crys of them which have reaped, have enter into the ears of the Lord. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts as in a day of slaughter. Ye have condemned the just; and
God does not resit you. I belive that when the elite get ready to put in a global economy, are gold and silver will not be worth anything. I think the best course of action, have a food supply hidden underground so you can make it when the fan hits the ceiling.