By Isaac Davis
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 by 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 ofquantitative 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
READ: Former Wall St. Banker Suggests Global Debt May Not be Owned by Humans
The thing that frightens her most is the fact that groups within the U.S., such as ALEC, are already calling for changes in the law and even a new Constitutional Convention to overhaul these institutions. The financial sector has already been operating outside of the law and beyond the Constitution for some twenty plus years, and if we haven’t been using the Constitution, she notes, then why do they wish to change it?
If you want to enforce the Constitution or fix things, that’s what you do. The reason you get a Constitutional Convention is you want to tear it up because you’re worried, now that people realize the extent of the corruption, that they’re going to try and enforce. ~Catherine Austin Fitts
Her warning is that as people continue to wake up to the corruption of our government and financial rulers, the entrenched elites who are fully invested in destroying the middle class will fight tooth and nail to prevent us from holding them accountable, by means of bringing more Draconian laws into place to protect themselves.
In this light, the economic war that is brewing isn’t completely technical, it is social as well, quickly becoming class warfare. The world’s financial elite are in grave danger of being held to the fire for their crimes, and surely they know they how quickly things can change in favor of the populace, as historical events like the French Revolution have shown.
As individuals stuck in the debt-slave matrix, there is very little we can do to challenge this sort of massive global scheme as it’s happening; however, preparing now for collapse is our best chance of chucking our burden of debt to these people, if they are even human, and of creating a future without such obvious criminal financial tyranny holding us back.
Working now to expose these criminals is imperative so that when the ball drops, ordinary people understand why, how and who is truly to blame, thereby making resisting to the takeover possible. Taking care of personal emergency preparations by gathering healthy storable foods, networking in your community, and having plans in place to survive are absolutely necessary at this stage, and once this is done, efforts to awaken others are critical.
View the full interview here:
Read more articles by Isaac Davis.
Isaac Davis is a staff writer for WakingTimes.com and OffgridOutpost.com Survival Tips blog. He is an outspoken advocate of liberty and of a voluntary society. He is an avid reader of history and passionate about becoming self-sufficient to break free of the control matrix. Follow him on Facebook, here.
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This article (Financial Whistleblower Explains What’s About to Happen to the Economy) was originally created and published by Waking Times and is published here under a Creative Commons license with attribution to Isaac Davis and WakingTimes.com. It may be re-posted freely with proper attribution, author bio, and this copyright statement.
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6 thoughts on “Financial Whistleblower Explains What’s About To Happen To The Economy”
“the worlds economies are designed to fail” .. I agree.
“all users to pay usury fee’s” .. except for the massive Black Market that The Establishment keep trying to reign in .. only that “THEY” are the biggest Black Market Racketeers .. a case of .. do as I say & not as I do .. in their own world they are trying to take over the Black Market by knocking off the competition .. their own.
“in this way, the financial system of the world can be manipulated into a managed collapse” .. yes indeed .. I have a problem with the words “manipulated & managed” these words give the impression that The Establishment has DELIBERATELY CONTRIVED .. a recession / depression .. & yes I agree .. clumsily .. they have .. but why .. (?) .. GREED .. the creaming off of monies from business & workers .. & it came to pass that ..TAXES were not enough to satisfy their insatiable greed .. so Paul Keening introduced Compulsory Superannuation .. so that his buddies in the banking & financial systems could earn from the CONFISCATED workers money & eventually steal it .. John Howard “The King of The Loose Purse Strings” who is known to be the biggest squandering Prime Minister of THE HARD EARNED TAX DOLLAR that Australia has ever had .. introduced the Goods & Services Tax .. the Medicare Levy .. Private Health Care Insurance is another scam .. the hard earned dollars are being relieved from our worn pockets every which way .. the operative words here are OUR POCKETS .. you see by rights we the people of planet earth should be content with out lot .. according to them .. our lot constitutes a hard day’s work for a few meager scraps & a clump of straw to sleep on .. that they have planned ahead & are manipulating the introduction of a one world currency .. THEY ARE SIMPLY NOT THAT SMART .. & if they were just a bit smarter than they are they would realize that a one world currency will work against them.
Pay day & THEY are all over us like a rash ..
The workers are the backbone of any economy .. but for us
Business is the backbone of any economy .. but for us
NOT THE no-account thieving gamblers that are the BANKING & FINANCIAL SECTORS
The price of potatoes went from $4.99 a bag to $9.99 a bag .. chocolate .. bananas .. wine in fact all our fruit & vegetables are on the list to double in price .. they sited the floods .. = GLOBAL WARMING .. they are determined to shove this thing up us weather we like it or not.
Several year ago we were told that there was a banana shortage .. & indeed bananas were $14.99 a kilo everywhere & including at Coles .. most of the bananas on sale in Victoria ended up in land fill as a result .. because no one could afford .. or justify .. buying them .. lamb chop at $34.00 a kilo also end up in land fill.
* The population of planet earth has been steadily decreasing since the Industrial Revolution 200 years ago.
* Al;so Main Stream Media has really done a number on us .. as a result we eat potatoes at our peril.
* We eat out much more than ever before .. which means we do not cook at home .. = less shopping for ingredients.
* My 5 adult children eat takeaway instead of home cooked meals .. as a result their taste buds have gotten used to bought as opposed to home cooked & my cooking is now second best.
* And I am a good cook.
* In business .. the bigger the operation .. the cheaper the product .. has our food bowl been given over to the mining industry.
Depending on where you eat .. it is cheaper to eat out .. with a little bit of planning eating out will fit into the budget nicely .. no gas / electricity / water / dish washing detergents .. also at a sandwich bar you get to chose the filling .. you get to eat what you want when you want it ..
It won’t be long before our supermarket chains are out of business .. perhaps they can amalgamate with the large retail stores .. a small section at the back of Target maybe.