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For those of you who are interested … I’ve uploaded an article on my Substack Channel, “the Alt Economist”, about Gold; focusing on the recent price action, manipulation in the precious metals markets, price predictions, Supply and Demand, Gold versus the Dollar and other currencies, the coming collapse of the Dollar, Inflation and Hyperinflation, as well as the establishment of a Sound Money System, etc.

Wise up and rise up.

This video is a follow on from the previous video I did about Interest rates and Inflation – so an addendum if you like.

In my opinion, both Interest rates and Inflation are going to go higher in the future - a lot, lot higher.

Let’s look at Interest rates first.

There’s been talk about the FED lowering interest rates in recent times – although, truth be told, this has been talked about for at least 18 months in the alternative media and the event has been dubbed “the Powell Pivot”.

When we went into 2024, it was commonly believed that this lowering of rates would be done in March of this year but now, it seems as if this has been pushed out to June.

The question we can ask is … Will he, or won’t he pivot? In answer to this, I would have to say that I don’t really know.

But, let’s, however, for the sake of this discourse, assume that he does. So, the FED lowers the Federal Funds Rate by a relatively small amount, maybe 100 basis points, so 1%. But really, this would only be “the Effective Federal Funds rate” which operates at the short end of the market. Rates at the long end of the market, the yields for the 10, 20 and 30 year US Treasury Bonds, will, I think, rise. And so, maybe for a period of time, there might be a pronounced steepening of the Yield Curve.

My guess is that the FED might pivot and lower Federal Funds Rate in response to some crisis – probably something related to the banks being in trouble with their Bond holdings, or Commercial Real Estate.

I dare say the Banks, amoung others, are keen for this lowering of rates to occur as it will take them out of the danger zone - at least until rates start to rise again, or they if they manage to off-load their toxic Bonds to some suckers.

So, maybe the FED will lower Federal Funds Rate once, maybe even twice, but sometime thereafter, maybe shortly thereafter, I think the Federal Funds Rate will have to rise.

How so? Well, ordinary Interest rates and Bond yields are closely connected. What happens to one, affects the other. They don’t rise or fall in unison, but they’re closely correlated.

Moreover, most interest rates in the Economy are determined by the yields on long term Bonds, especially the 10 year yield. This is considered the benchmark rate. (More on which shortly)

So, basically, whatever the FED does with Interest rates at the short end of the market doesn’t matter all that much when you consider things from a broader perspective. Market forces are ultimately far stronger than the FED and when the market moves the yields up at the long end of the market, the FED will either have to move with it, or be rendered redundant.

The other thing to say in addition to that is that maybe in the past the FED has had an enormous amount of power and has been able to easily exert its influence over Interest rates overall, both at the short end and long end, but we’ve entered new territory - by which I mean investors are increasingly concerned about the policies pursued by the cu

Central Banks and the Governments are the ones to blame for the shitty situation that we find ourselves in. They’re the ones who are primarily responsible.

How can I make such a bold claim?

Well, all we need do is look at what’s been happening over the last number of decades and consider the actions that they’ve taken.

Let’s focus first on the FED, the Central Bank of the US.

It’s my contention that the situation in the US a direct result of the monetary policies pursued by the FED.

“Interest rates” and “Money Supply” are the two principal levers Central Banks use to manage (I would say control) the Economy.

I’ve done a number of videos about these topics, so I’m only going to talk very briefly about these here.

Let’s take a quick look at the Central Bank lever, “Interest rates”.

From 2013 up until relatively recently, interest rates were exceptionally low – lower than historical norms. And when I say, “relatively recently”, I mean prior to the recent round of FED rate hikes, which started back in Spring 2022.

I recommend looking at a chart produced by the FED themselves.

Simply type “FRED Federal Funds Effective Rate chart” into a search engine and look at the chart of the same name. This chart will show you the interest rates going back to 1954.

If you draw a curved line starting from the top of the first peak in the 80s going down to the right to the top of the penultimate peak, hitting the four highest peaks on the way down, you will get a trend line.

In doing this, we can clearly see a very pronounced downward trend in rates since 1981.

So we can therefore say, without any fear of contradiction, that the FED pursued a policy of exceptionally low interest rates for a 40 year period.

But why is this important?

Well, Interest rates are hugely important in an economy – they have an enormous impact.

Low interest rates are good for borrowers because money is cheap to borrow.

If we focus only on consumers … changes in rates can influence personal spending habits of consumers. Low rates tend to encourage consumers to borrow. Low interest rates often correlate strongly with a high consumer demand for goods and services. People feel more inclined to spend money not just on everyday items, but on more expensive items like cars and houses, at least more than they otherwise might.

(Bearing in mind that this is a very simplified account of what takes place.)

Low interest rates tend to have a big impact on the housing market also because it obviously makes getting a mortgage more affordable. The housing market is thereby stimulated. More houses are bought and sold.

A boom in the housing market is thus likely to occur.

Low interest rates have all sorts of other ramifications, but I as I said, I’ve talked about this elsewhere, so I won’t go into detail here.

Suffice to say that low rates are supposed to be used to stimulate a sluggish Economy and thereby avoid the worse effects of a recession. Rates were kept low after the Financ

For those of you who are interested … I’ve uploaded an article on my Substack Channel “the Alt Economist” about notions of value and worth, focusing on currencies and how currencies are used as the means by which we measure and ascribe value.

I’ve also looked at issues that can arise with currencies which can cause things to go awry.

Wise up and rise up.

The FED has a facility which is called the Bank Term Funding Program (the BTFP)

The BTFP is lending facility offered to the banks which allows banks to borrow money from the FED using the Bonds they own as collateral. The loans made are only short-term - lasting less than a year.

The Banks started to use this facility in a big way from March 2023.

There is a chart you can look at which shows the situation very clearly. Simply type “Bank Term Funding Program FRED chart” into a search engine. The chart criteria can be narrowed down to a year.

Why did Banks suddenly need to start using this facility? In short, because the Banks were in distress.

Why were they in distress? Well, because the recent round of FED rate hikes, starting back in Spring 2022, has caused significant, on-going problems for the banks.

In the past, banks bought a lot of US Bonds.

When interest rates rose, the market value of the Bonds held by banks on their books became lower. Their Bonds came to be worth less than they were when interest rates were low. This has meant that the value of their assets has declined. These are known as “unrealized loses” or “paper loses”.

We can say that the rising interest rates put the Banks under considerable financial pressure because they’re sitting on huge unrealised, paper losses as regards their Bond holdings.

It could be argued though that this needn’t be a big problem provided the banks hold the Bonds to term, because when the Bond reaches its maturity date, the Government pays out the amount owed – the par value of the Bond in technical jargon. So, perhaps no big deal.

But, what if the bank needs to raise cash all of a sudden … for whatever reason … maybe if there’s a bank run?

To raise funds, they would have to sell assets which would include the lower valued Bonds. And this would turn the unrealized paper losses into actual losses.

So basically, the banks found themselves in trouble and they’ve been thrown a lifeline by the FED.

I should say that although the BTFP was an emergency measure, I’m not sure it can be classed as a “Bailout” because it’s more of a loan. The money the banks have got has to be paid back.

Anyway, it’s important to bear in mind that last year there were a number of Bank Failures – Silvergate Bank, Silicon Valley Bank and Signature Bank went under. First Republic Bank which also got into trouble was bought up by JP Morgan Chase.

There were concerns that other Banks would go under also.

And because of the bank failures, the situation was such, that any rumours about a bank being in trouble were enough to precipitate a run on that Bank. In the parlance … there were fears about “contagion” – precipitating an even bigger crisis.

The BTFP was therefore used to shore up the banks and prevent contagion.

And, it would seem as if they’ve successfully contained the situation thus far.

Be that as it may, people have been getting their money out of banks and putting it elsewhere … into Money Market Funds.

In one of his recent Podcasts, entitled, “Painful”, released on his Substack Channel “Aether Pirates of the Matterium”, Clif High talks about Central Banking being a grift (for those of you who want to go to the source material, it’s around 29 minutes into the audio).

I’m in agreement with that. I’ve been saying something similar for a fairly long time.

Just over two years ago, in January 2022, I released a video entitled, “Central Banking is a Complete Con”.

Also, I did a whole series on Central Banking released in the beginning in February 2022 focusing on the Bank of England which, although it wasn’t the first Central Bank to have existed, was the template for which the all Central banks were based.

I’m also in agreement with another commentator Greg Mannarino on Trader’s Choice on YouTube when he says they’re “Public enemy number 1”.

As I’ve said in many of my videos, Central Banks are, in my opinion, the scourge of our societies. As far as I can see, they need not and should not exist. Indeed, I think that that the world would be so much, much better off without them.

The FED has been in existence since 1913 … so for 110 years. That’s a pretty big grift. But the Central Bank in my country, the Bank of England, has been in existence since 1694 … that’s 330 years - which is three times as long. I think that it probably has to qualify as being one of the biggest grifts in human history.

Anyway, “End the FED” should, in my opinion, be our clarion call. Once the FED is gone, the rest of the Central Banks will go to in relatively short order … including the Bank of England.

As far as I’m concerned, they’ve had their way for far too fucking long. And it’s time to do away with Central Banks and bring all those who own and operate them, those evil, crafty, mother fucking cunts, as well as their lackies in Governments, the traitorous mother fucking whores who are supposed to represent we the people … it’s time to bring them all to justice. I plan to do another video connected to this shortly.

I’ve used strong language here and added some fervour to my words to give an indication of the level of my loathing for these people. Safe to say that I despise these people with every fibre of my being.

Why? Because these people. Our Overlords, are the ones to blame for the shitty situation we find ourselves in.

I’m sure the people listening to this audio are already aware, but I’ll say what I say next anyway in case some in the audience is unaware … we are at war. But this is a war like no other – it’s an information war. And words are the weapons being used.

The sooner everyone recognises this, the better.

Bringing them to justice really shouldn’t be such a difficult thing to do. It actually only requires enough people to be aware of what they’ve been up to - maybe only as little as 10% of the population of any country - then the body politic will act as I think they should.

Moreover, if the percentage were higher, if the vast majority of peo

In a recent interview on Arcadia Economics entitled, “We’re heading to an event that forces the FEDs hand” Bill Holter said,

“The US is going to default either by non-payment, or they’re going to blow the Money Supply up another twofold, fivefold, tenfold. They’re going to destroy the currency itself.”

He’s talking about the National Debt in the US and a forthcoming Currency Crisis with the Dollar.

I’ve been saying something similar for an awfully long time - at least two years.

I’ve said that the Government in cahoots with the FED are going to Monetize the Debt. If anyone listening doesn’t understand what I mean when I say monetize the debt, it means they want to render the Debt redundant by means of Hyperinflation.

Hyperinflation is obviously a more extreme version of Inflation. Hyperinflation is defined by Steve Hanke, Professor of Applied Economics at John Hopkins University as being an inflation rate of more than 50% per month sustained over a number of months.

If anyone’s interested, I’ve done a video saying more about the difference between Inflation and Hyperinflation.

According to Austrian School Economics, Inflation is primarily caused by an increase in the Money Supply.

The Quantity Theory of Money, is an Economic theory that was formulated by Copernicus in the 16th Century, and which argues that prices of goods and services in an economy are proportionate to the amount of currency in an economy – aka the Money Supply.

So, if a great deal of currency is added into the system, then prices will rise in direct accord – assuming ceteris paribus – that everything else remains constant. Et voila, we have inflation.

The inflation that the citizens of America are experiencing with now is a direct result of the massive amount of currency creation that occurred during the Pandemic.

Anyway, the process we’re concerned with here in this video - the debasement of Fiat Currency, the movement from Inflation to Hyperinflation - happens relatively slowly, over a period of decades, but nearing the end phase, things start to speed up. That’s the time when those in charge of currency creation start to increase the Money Supply in an exponential fashion and … low and behold … this is what we’ve seen.

There’s a chart you might want to look at. Those of you who are more visually orientated might appreciate this. Type “FRED M1 Money Supply chart” into a search engine and take a look. The line chart you will see is a classic Hockey stick shaped chart. Notice that the source is the “Board of Governors of the Federal Reserve System”, so it’s not me just fabricating stuff.

And I dare say that this is only what they are acknowledging at an official level. There is most likely other stuff they have not made public.

Also, if you change the search criteria slightly to get the “FRED M2 Money Supply chart”, then you will the see a somewhat different chart – there is a rise, but it’s not anywhere near as dramatic as the M1 chart. Be advised that, o

It would seem that the US National Debt clock website “US Debt clock.org” has a new look.

There’s an image overlaying and obscuring the view of the stats.

On the left hand side of the image is the face of Klaus Schwab, executive Chairman of the World Economic Forum, (the WEF). Next to him, to the left of his face, there’s image of a paper currency bank note which has as its title, “World Debt Security”.

On the right hand side of the image is the face of George Washington, the 1st President of the US. Next to him, to the right of his face, there’s image of a paper currency bank note called “Debt free currency”. The face of John F. Kennedy … the 35th President of the US, is in the centre of the note.

Whoever created this image deserves a medal of some sort.

There’s a saying “a picture is worth a thousand words”. And that is definitely true in this case.

However, I use words rather than images … so in light of this I would say to you that the Dollar is not just a means of transacting, a medium of exchange enabling the buying and selling goods and services, it’s a “Debt instrument”. I should also say that we live in a debt-based system.

Wise up and rise up.

If you want some good technical analysis of the situation in the Gold market for 2023 and 2024, then I refer you to a video on the YouTube channel Kinesis Money “Live from the Vault” Episode 155, entitled, “2024 reveals a Gold Bear Trap” featuring the very brilliant Andrew Macguire.

It’s a long and highly technical video in which he uses a lot of industry jargon, but occasionally, he expresses things in plain terms which is comprehensible to us ordinary folk.

In this video I will give you a number of quotes from the video that I think are easy to understand and worthwhile.

He reminded the audience that Gold was reclassified as a 1st tier asset in 2023. And he said “Gold is money.” If you want to understand what he means by this, I’ve done two videos entitled, “Money” and “Money v Currencies”. These two videos should give you an idea of how important such a seemingly simple statement actually is.

Andrew talked about the rising price of Gold … he said that “the story is about Dollar debasement as benchmarked against Gold - not Gold rising in price at all. This year’s estimates for how many Dollars it will take to buy the same amount of Gold have been grossly underestimated.”

I agree with this. As I’ve said in many, many of my videos, we’re in the midst of a Currency Crisis. The Dollar, along with all the other major currencies of the world are failing. They are being deliberately debased or devalued … whatever terms you want to use.

I did a video entitled “The Dollar v other currencies – a basket of rotten apples” where I looked at the difference between relative values and real values of currencies and I also compared the currencies to Gold – referring to Gold as the best measuring device for currencies that we have.

The other thing to say in relation to this issue is that us ordinary folk experience this debasement of currencies as inflation. Moreover, people usually think of inflation in terms of rising prices, but I think that it’s a mistake to think of inflation in this way. I refer to you two separate videos that I’ve done entitled, “Inflation – “Rising prices” v “Purchasing Power” and “Purchasing Power of currencies – weight-lifter analogy” which I obviously recommend watching.

Near the end of the video, Andrew says, “2024 brings forward a major inflection point in how Gold measured in all fiat currencies will be priced.”

I agree with this statement also. The Dollar, along with all the other major currencies of the world, are fiat currencies and all Fiat Currencies have limited lifespans. The Dollar and all the other major currencies of the world are in the end phases of the of their lives. I’ve done a video about “Fiat Currencies” if you want to find out more.

Later on in the video, Andrew said, “There will come a time when no amount of Dollars will actually buy an ounce of Gold. Think of the wheelbarrows of printed Deutschemarks it took to buy a loaf of bread.” He’s referring to the Hyperinflationary event that took place in th

I would like to offer my apologies to all my subscribers and anyone else who cares to listen to these videos on a regular basis…

For the next few weeks, I might not be able to upload the number of videos I’ve done in the past.

I’m focusing on a couple of projects which will take up any spare time I might have had to do these videos. One of these projects includes editing the text for articles which I’m going to be uploading to my Substack channel “the Alt Economist”.

In addition, I’m doing my best to prepare for the coming systemic collapse.

Plus, I’m also having to deal with some technical problems which I won’t bore you with.

Not to mention that I also have a full time job.

All these things will mean that I won’t be able to produce and upload as many videos as I would like.

I wish I could devote myself full time to this endeavour, but that is, alas, not possible.

The timing is unfortunate especially as we’ve entered a very turbulent period.

That said, I’m working on some videos which I hope to upload before March.

Anyway, I hope to resume normal operations at some point in the future.

Prior to its maiden voyage in April 1912, the Titanic was considered to be an unsinkable ship. That notion turned out to be erroneous, founded on a fallacy.

So to with the Dollar and all the other financial devices associated with the US Empire.

US Bonds, for example, have been considered by investors as being the safest assets in the world to invest in in the modern era. But, in the not-too-distant future, they will, I believe, turn out to be not so safe as previously believed. Indeed, I think that they will soon be considered as being such high-risk investments that the US will struggle to find any investors to fund any programmes dreamed up by any US Administration.

I should perhaps add that I think that this course of events will play out unless there are drastic changes in how the US is governed. But as far as I’m concerned, that’s highly unlikely to happen. So, for me it’s something of a mute point …

I did a video in August last year entitled, “USA Corp downgraded” in which I said “The USA will not just come to look a lot like Argentina, but will surpass Argentina in terms of creditworthiness or rather lack thereof.” I still stand by what I said back then.

Staying with the analogy of the Titanic … Gold and Silver are the lifeboats. And while it’s probably true to say that buying Gold is beyond the budget of a great many of us ordinary folk, (so something perhaps only for the wealthier members of society … “the 1st class passengers”) Silver is a whole lot more affordable. And given the current suppressed prices, most people should be able to buy some Silver – and some is better than none … in my personal opinion at any rate. In some respects, therefore we should perhaps be thankful for the manipulation of the precious metals markets that’s still in operation.

By the way, I should, at this juncture, say … as I’ve said in other videos before … that I’m not offering financial advice here. What I say amounts to an opinion. I could well be wrong about all that I’ve said and all the predictions I’ve made. So, don’t just take my word for any of what I speak about. You need to do your own due diligence on these matters. Don’t base what you do on what I’ve said without having done your own research and without having considered things very carefully.

One other thing to say … if all this stuff I’m talking about is entirely new to you, and you do decide to start thinking about such things in a serious way, you might want to get up to speed ASAP - make haste my friend, make haste. Because I don’t think we have much time before we have a systemic collapse.

Anyway, back to our analogy … lifeboats are available for “the steerage class” on this occasion, at this point in time.

However, there is another important point to be made. The number of lifeboats on board the Titanic was very limited. Something similar can be said about precious metals. The amount of above ground precious metals in the world is actually infinitesimally small in comparis

I did a couple of videos recently about the FED’s Reverse Repo facility in which I said that it’s been used by the FED to soak up the excess currency in the system in order to prevent inflation getting higher than it has been. (At least until out Overlords deem the time is right to unleash a second wave on inflation on the population).

There is however, another reason the FED is operating the Reverse Repo facility which I should have talked about … and that is … it’s been helping out distressed banks. So basically, the banks are getting help with an overnight funding facility - bailed out in secret.

It would seem that they’re doing this in secret and are reluctant to call it a Bailout because of public sentiment on the subject of bailouts - as a result of what occurred in the 2007 / 2008 Financial Crisis. Our Overlords are concerned about the backlash they might suffer if they were to make it known publicly and call what they are doing a bailout and perhaps with good reason.

Anyway, what’s the situation? What’s been going on?
Well, the recent round of FED rate hikes, starting back in Spring 2022, has caused significant problems for the banks.

In the past, banks bought a lot of US Bonds.

When interest rates rose, the market value of the Bonds held by banks on their books became lower. Their Bonds came to be worth less than they were when interest rates were low. This has meant that the value of their assets has declined. These are known as “unrealized loses” or “paper loses”.

We can say that the rising interest rates put the Banks under considerable financial pressure because they’re sitting on huge unrealised, paper losses as regards their Bond holdings.

It could be argued though that this needn’t be a big problem provided the banks hold the Bonds to term, because when the Bond reaches its maturity date, the Government pays out the amount owed – the par value of the Bond in technical jagon. So, perhaps no big deal.

But, what if the bank needs to raise cash all of a sudden … for whatever reason … maybe if there’s a bank run?

To raise funds, they would have to sell assets which would include the lower valued Bonds. And this would turn the unrealized paper losses into actual losses.

Let’s now consider the situation in relation to the Reverse Repo Facility …

As I said in the other videos, the issue we need to consider is that the Reverse Repo Facility has been emptying of late.

Timings are always tricky, but Rafi Farber thinks that, judging by the current rate of drainage from this facility, we have a relatively short time before it empties – possibly only a couple of months. So, we’re looking at maybe March of this year.

When the Reverse Repo Facility is empty, the banks might well have no option, but to sell the Bonds at market value. This is called “mark to Market” in technical jargon. And they won’t get a good price for them. They will be sold well “below par” to use some more technical jargon.

As I said, that’s when the unreali

I don’t know if anyone listening is interested, but I’ve started to upload the transcripts for some videos I’ve done – particularly the Jigsaw Puzzle series videos - onto my Substack Channel “the Alt Economist”.

Wise up and rise up.

In a recent interview for Arcadia Economics entitled, “the Corporate and Treasury Bond Bubbles are bursting”, Jim Willie said, “We’re going to have a massive Credit Crisis, Bond crisis, Bank Crisis all rolled into one - Bank Bond and US Govt debt”

I’ve talked about this kind of thing also although I’ve used slightly different terms namely … a Debt Disaster, Bond Bomb but I have talked about a Banking Crisis. So it seems that we’re in accord with these things.

He didn’t explicitly mention a Currency Crisis as I have in my videos although, he did talk about the Dollar’s demise as the video went along and explained how it might come about.

One thing I found particularly interesting is that 12 minutes into the video he started to talk about the interest rates cuts that the FED was planning for 2024 … “And Powell announced that he’s going to do three cuts … I don’t think they’ll do three. After they do one, they’re going to get a different problem … I don’t think they’ll do a second cut”. He went on to talk about “a Bond risk” which would cause them to stop lowering rates.

I said something similar in a video I released on the 19th December about the Reverse Repo Facility saying that the FED might have intentions to cut rates, but because of the problem with Bonds they might not manage it to do it.

To quote what I said in the video …
“I think it’s important to factor in Bonds.

Interest rates and Bond yields are closely connected. What happens to one, affects the other.
They don’t rise or fall in unison, but they’re closely correlated.

China and other countries have been off-loading their US Bond holdings for a while now because US Bonds are looking increasing less attractive to investors. The sell off will lower demand and therefore prices. The sell-off will continue and accelerate as it gathers momentum.

This has been putting downward pressure on prices and upward pressure on yields – because for Bonds, prices and yields are inversely correlated.

A lot depends on the sequence of events – what happens when.

Maybe in the short term, the FED can keep buying the Bonds to keep yields low and maybe this will enable Powell to Pivot.

But further on in the future – I don’t know when – maybe only a matter of mere months - ultimately, market forces will overwhelm the FED. The FED has a lot of power, but doesn’t have unlimited power. Market forces are far stronger than the FED. The FED will lose this Battle Royale and Bond yields will go up.

An important thing to consider is that Bonds are basically Government debt and they also represent the “credibility” and “creditworthiness” of a Government.£

So it seems that Jim Willie and I are more or less in accord on this point also.

We shall see what happens though. By the end of the year we know if we were wrong or right.

In terms of timings … he said “June or earlier”.

In his most recent couple of Podcasts released on his Substack Channel “Aether Pirates of the Matterium”, Clif High talks about Hyperinflation and a Crack up Boom.

I’ve been saying something similar for a long time.

In many of my videos I’ve said “Hyperinflation is where we’re headed”. I’ve done a couple of videos about the Hyperinflationary event in the Weimar Republic circa 1923, as well as one about a lessor known event in Hungary circa 1946. I did these in order to show real world examples of what is most likely occur.

As I’ve also said many, many, many times before… we’re in the midst of a Currency Crisis. And will be a crisis of monumental proportions … maybe the biggest in the whole of human history.

Basically, it will affect every part of the world where the Dollar is being used as a currency - so places like America obviously, but there are 11 countries which use the Dollar as it’s official currency, like Ecuador, Puerto Rico and El Salvador. There are also places like Panama, Argentina, Cambodia and Vietnam which use the Dollar as a de facto second currency – where the Dollar is widely accepted. There are in fact over 60 countries that have pegged their currencies to the Dollar. So, the issue concerns every country whose currency is closely linked to the Dollar – however that might be.

But that’s not the extent of it. It’s not just the Dollar that will be in trouble. All major currencies of the world are “fiat currencies” just like the Dollar and they will die also when the Dollar dies. So, it will affect the vast majority of people on the planet.

Clif talked about the FED lowering interest rates and also money printing. I’ve talked about this also. The upcoming U-turn the FED will do regarding rates …. The lowering of interest rates been dubbed “the Powell Pivot” and used by the Main Stream Media and the Alternative media alike. And the FED will also reverse course with regard to Quantative Tightening and engage in Quantative Easing. QE to infinity.

Clif made it sound as if our Overlords were incompetent. I would however disagree with him on this point. It’s my contention that our Overlords are entirely aware of what is happening and it’s their intention to cause currencies to Hyperinflate. So, I believe that they’re “playing dumb” and whatever is happening is being done deliberately. I think they intend to “monetise the debt” and then restart the system in a way which benefits them more. This is “the Great Reset” as imagined by the WEF and others.

Gregory Mannarino of Trader’s Choice on YouTube, holds similar opinions to me … that everything is being done deliberately. He often says that “Central banks intend fulfill their end goal … to buy it all … to be the buyers and lenders of last resort. They will do all they can to pull cash from the future into the now.” Or words to that effect.

I don’t know why Clif thinks they are incompetent. I find it surprising … but anyway.

In terms of Economic issues, besides the colossal

The Federal Reserve, or the FED as it’s commonly referred to as, is the Central Bank of America and it was established over a century ago on December 23rd 1913.

So, a couple of days prior to this Christmas just gone, marked its 110th birthday.

No doubt many people listening to this video are already aware, but it’s worth saying in case someone in the audience is unaware … the FED is not a government institution. It’s actually a private corporation – a privately owned company. So, it’s not really Federal. Neither does it have any actual reserves. And it’s not even called a bank. In fact, it’s called a system.

For an in-depth look at how the FED came into being I would recommend you reading a book by G. Edward Griffin called “the Creature from Jekyll Island”. There are videos on YouTube in which G. Edward Griffin is interviewed about this also – if you’re not much of a reader.

Anyway, in historical terms, the FED is the third Central bank to have existed in the US. Before the FED, there was the First Bank of the United States (1791 to 1811) and also the Second Bank of America (1816 to 1836).

To share a personal anecdote … in 2011 I came across a documentary on YouTube about the Federal Reserve and the history of Central Banking in America entitled, “the Money Masters”. It provides an in depth look at the history of Central Banking in the US. The information it contained made my head spin. When I saw it, I began to appreciate the enormous implications. The information took me a few days to absorb. But once I had assimilated it, it altered the course of my life – no word of a lie.

I hope that any information I give in my videos has an impact on people’s lives … in a positive way of course.

Why is the focus of so many of my videos on the FED?

Well, the FED is the most important Central Bank in the world because the US is, for the time being at any rate, the most powerful country in the world.

Also, as Gregory Mannarino often says, the FED is “public enemy number one”. They’re certainly a big part of the “long con” that’s occurring.

Central Banks are, in my opinion, the scourge of our societies. They need not and should not exist. I think that that the world would be a lot better off without them.

End the FED should be our clarion call.

Wise up and rise up.

If you want to gain a good understanding of what the FED has been doing and might be doing in the future regarding Interest rates and Inflation, then I would highly recommend watching a video on David Lin’s YouTube channel where he interviews Steve Hanke, Professor of Applied Economics at John Hopkins University. The video is entitled “FED will pivot big in 2024s Economic Tornado”.

Professor Hanke talks about the FED’s data dependency, flying blind, time-lags and the Quantity Theory of Money.

As regards the so called “Powell Pivot” concerning interest rates and also “Quantative Tightening” … When the crisis occurs, he thinks the FED will “hit the panic button” … They will pivot and start lowering rates and they will also end “Quantative Tightening” so basically, they will resort to “Quantative Easing”. This is in line with what a number of commentators in the Main Stream Media and the Alternative media are expecting and what the Stock Market has already been anticipating.

There are only thing two things that I disagree with him about.

The first point of contention is that he focuses on the CPI which in my opinion is bogus. It’s been dubbed by a number of commentators in the alternative media, “the CPLie”. I’ve done a video about this a while ago, if anyone’s interested in finding out more.

Suffice to say I’m pretty sure most people in America would agree that the CPI doesn’t reflect the lived reality of ordinary Americans when it comes to assessing inflation vis a vis the price of everyday goods.

The second point of contention for me is he said that the FED, “is sleep walking into a tornado”. I wouldn’t describe what has taken place as “sleep walking” For me, it’s all being done deliberately … by design. The reason I say this is that they have a plan in mind. They want to destroy the old system in order to bring in a new system … CBDCs and a Social Credit System etc which would give our Overlords even more control that they already have. So, basically, I believe that they know exactly what they’re doing. I’ve talked about this in a number of my videos so I won’t say anymore about it here.

Those point aside … I think Professor Hanke is a very smart man and someone, in my opinion, worth paying attention to.

Wise up and rise up.

It’s my contention that what’s been happening with regard to the Economy for over past 100 years or so and what’s going to happen in the not-too-distant future, has been done deliberately … by design.

And I’m not alone in thinking this. As Gregory Mannarino of Trader’s Choice on YouTube said in recent video, “You think that’s by accident here?. No. It’s a deliberate act”.

Anyway … to back up this belief … I would highly recommend watching a documentary film called “Inside Job”, narrated by Matt Daemon and directed by Charles Ferguson.

Its primary focus is on the Financial crisis of 2007 / 2008.

Ten minutes into the film we are told that …

“This crisis was not an accident. It was caused by an out of control industry. Since the 1980s, the rise of the US financial sector has led to a series of increasingly severe financial crises, each crisis has caused more damage while the industry has made more and more money.”

I would actually go further than the film and argue that … all that’s occurred over the past century or so, has been very carefully planned. Obviously, nothing goes 100% according to plan, but nevertheless, our Overlords have been pretty successful in what they’ve aimed at achieving thus far. Maybe this is because they haven’t had to deal with much opposition from the populace.

The main point of focus in many of my videos are Central Banks because they are, as Gregory Mannarino often says, “public enemy number one”. They’re certainly a big part of the “long con” that’s occurring.

Some of you listening might dismiss me as being a conspiracy theorist. That’s your prerogative, Freedom of thought is, after all, on a par with Freedom of Expression. However, what I would say to any doubters, or nay-sayers is … we shall see if the future proves me right or wrong. I’m prepared to accept the outcome.

That point aside … The film also talks about how various US administrations have worked in cahoots with the Financial sector. One commentor in the film says “that Wall Street and the Financial sector - being powerful and having lots of money - has step by step, captured the political system; both on the Democratic and Republican side.” I would agree with this assessment. As far as I’m concerned, there is wholesale corruption in government up to the highest level … so up to, and including, the Presidents. To my way of thinking, the various so-called representatives in Congress and the Senate in the US are bought and paid for politicians. And, they are partners in crime because crimes have been taking place.

Anyway, there’s a great deal more than could be said about these topics, but I’ll leave it there.

To finish off I wish to say that I’ve done this video in order to make people aware of the film and also to ensure that when the next crisis occurs (early Spring 2024 in my estimation) we will know where to point the accusatory finger. We will know exactly who is to blame. And this time … I sincerely hope we won’t let individuals in the government as well as the Banksters – by which I mean the Central Banks and those in the Financial Industry - get away with it. If we want to live in a better world, all these people have to be brought to justice.

Wise up and rise up

If you want to gain a good understanding of what is going on with regard to the Political and Economic situation in Argentina following the recent election of Javier Milei, then I would highly recommend watching a video on David Lin’s YouTube channel where he interviews Steve Hanke, Professor of Applied Economics at John Hopkins University. The video is entitled “FED will pivot big in 2024s Economic Tornado”. He talks about Argentina from about 32 minutes in.

One thing that I find bemusing about the whole situation in Argentina is … I can’t understand why the new President Javier Milei would want to Dollarise. In my opinion, the Dollar is just another crap currency and it’s going to fail sometime fairly soon.

An idiom springs to mind … “Out of the frying pan into the fire”.

There would have been a good case to argue in support of this move if Argentina had Dollarised twenty years ago. Then Argentina wouldn’t have the problems that they have now. But that didn’t happen so … it’s something of a mute point.

The other thing to say is I really don’t know why Argentina didn’t stick with the BRICS. It seemed like a better option especially as a BRICS gold back currency has been proposed and Argentina joining BRICS would have meant that they would be part of this and that would have stabilized their currency which would have been good for their Economy.

China isn’t best pleased with their decision to switch and have shown their displeasure by suspending a huge currency swap agreement worth some $6.5 Billion. It’s a form of financial punishment and it’s going to hit Argentina hard. Maybe America will step in and fill the breech.

Nor can I understand why Steve Hanke would be in support of Argentina Dollarising. Someone of his calibre should surely understand that the Dollar as we know it today is doomed. In his defence, I could say that we all have our psychological “blind spots” and maybe that is his. He’s an Academic who might have a more normative view of the world and so can’t see what someone like me sees. Or perhaps the Death of the Dollar has been designated as a taboo subject by our Overlords. So maybe he’s only allowed to say so much and no more.

But anyway … I recommend listening to Professor Hanke … He is, in my opinion, a very smart man and someone worth paying attention to.

Wise up and rise up.

This video is a follow on from the previous video about the Reverse Repro facility offered by the FED

If you haven’t seen that then I’d recommend you doing so before watching this one.

Let’s pick up where we left off …

Jo Brown of Heresy Financial on YouTube explains the matter fairly well, talking about the Banks liabilities and assets; the differences in interest rates in an Economy, conflicts between Monetary Policy v Fiscal Policy etc

For those of you who are interested, he released a video entitled, “the Reverse Repo Facility will be completely drained in 6 months”.

We now need to turn our attentions to interest rates because the Reverse Repo Market is inextricably linked to interest rates.

The recent round of FED rate hikes starting back in Spring 2022 has caused significant problems for the banks.

In the past, banks bought a lot of US Bonds.

When interest rates rose, the market value of the Bonds held by banks on their books became lower. This meant that the value of their assets have declined. These are known as “unrealized loses” or “paper loses”.

Their Bonds are worth less than they were when interest rates were low.

So, they’re sitting on massive unrealised loses. I’ll come back to the banks a little later on.

Let’s turn our attentions to another YouTuber … Rafi Farber of the End Game Investor. He’s an advocate of the Austrian School Economics and he says the Reverse Repo Facility has been used by the FED to keep all the Dollars that were were created in 2020 and 2021 out of the banking system.

By keeping the newly created currency out of the banking system the FED has been able to keep control of inflation … for the time being.

As an aside … They’ve therefore been able to make the claim that raising interest rates has done a good job of tackling inflation. But this is part of a disinformation campaign. Demand Destruction is not their only aim. They raised interest rates to do damage to individuals and business. So yet more.

Anyway, the Reverse Repo Facility been acting like a sponge to soak up the excess currency in the system.

I now need to say something about Money Market Funds.

Money Market Funds invest in secure, highly liquid assets, buying short term debt – such as Government issued securities and US treasuries. They weight their investment heavily in Reverse Repos.

In the video Jo Brown produced, he doesn’t talk about the interplay between Banks and Money Market Funds. Rafi however does.

In his analysis, Rafi says the Money Market Funds have been the ones taking advantage of this Facility – using up 90% of it.

In recent times, Money Market Funds have been offering better returns than banks.

So, a lot of money has been going out of bank deposit accounts and into Money Market Funds.

As Gregory Mannarino of Trader’s Choice on YouTube says, “a secret bank run” has been taking place.

So, in short, we can say that the facility has be

This video and the next are about the Reverse Repro facility operated by the FED.

This might seem to be an obscure and rather unimportant aspect of the Economy, but I can assure you that it’s had a relatively big impact on your life - at least with regard to the latest round of FED rate hikes starting back in Spring 2022 and it might well come to have a very big impact on your life at some point in the not-too-distant future.

Permit me to explain …

First off, I need to explain what a FED Reverse Repro Facility is (for those people listening who don’t already know).

The FED sells a security to a Financial institution with an agreement to repurchase that same security from the Financial institution at a higher price and at some time in the future – usually overnight.

This arrangement that the two parties enter into is known as an “Overnight Reverse Repurchase Agreement”.

The difference between the original sale price and the higher repurchase price is viewed by both parties as being an interest payment.

The Reverse Repro Rate is the interest rate given to financial institutions for using this Facility. It determines how much the difference is between the original sale price and the higher repurchase price.

The Open Market Trading Desk, abbreviated to “the Desk”, at the NY FED is responsible for conducting these operations.

Who is it for?
Well, it’s a facility offered to certain financial institutions … certain “eligible RRP counterparties” such as the Big Commercial banks and Money Market Funds ... more on which later.

I should say that this Facility is, of course, not available to the general public. You and I, the ordinary folk of this world, are not able take advantage of this Facility.

Why do the financial institutions use this facility?
Well, the interest financial institutions get from the FED buying back the securities acts as an incentive to put currency into the Reverse Repo Account.

To put this in plainer terms, the financial institutions basically get money for nothing, so the question becomes … Why wouldn’t they do this?

The other thing to say is that this money is risk free … or at least as risk free as anything can be.

So, from the point of view of the financial institutions, it’s an incredibly good deal.

It’s important to be aware that banks don’t want too many deposits on their balance sheet because deposits represent a liability (as opposed to an asset). This is because someone depositing money into a bank is in the eyes of the law making a loan to the bank. They’re regarded as an “unsecured creditor”. I should also say that banks make money from loans that they make not the deposits that they hold. But talking any more about this would take us off topic and is perhaps the subject of another video.

Whatever … All I need to say here is that this operation might apply to ordinary times. But we’re not living in ordinary times.

Moving on …

Another more important question to ask is … What’s the reason behind the FED

In this video I want to talk about Supply and Demand as it relates to the Dollar … focusing on two key events in modern history.

The first event is the Bretton Woods Agreement of 1944 which made the Dollar the World Reserve Currency. This measure automatically raised the demand for the Dollar throughout the world.

Then the second event was the Petro-Dollar System which came into being in 1973 as a result of the Nixon Shock of 1971 whereby President Ricard Nixon had taken the Dollar off the Gold Standard. So basically, the Oil Standard replaced the Gold Standard … Another way to put this is to say is oil acted as a substitute for Gold to back the Dollar.

The implementation of the Petro-Dollar System meant that anyone wanting to buy oil would have to use Dollars to do so. So, this measure too automatically raised the demand for the Dollar throughout the world.

I’ve done videos about both these things as part of my Jigsaw Puzzle series if anyone is interesting in finding out a little more.

Both these things have had an incalculable impact on the US and the rest of the world, pushing up demand for the Dollar and artificially raising the value of the Dollar as compared to other currencies.

These two things have ensured that the US has been in a very privileged position ever since the end of World War II. At least up until recent times.

However, things are changing. The world has been de-Dollarising. The dominance of the Dollar is on the wane.

The Dollar is in the process of losing its World Reserve Currency status. Slowly but surely countries are moving away from using the Dollar.

As evidence of this we can see that the share of global foreign exchange reserves has fallen from above 70% in 1999 to 59% today – so a two decade decline.

Moreover, the Petro-Dollar System came to an end in October of this year when President Xi of China went over to Saudi Arabia and did a deal with the Saudis. Although there has been no official recognition of this in the Western world … certainly not from the US. Be that as it may, more and more counties are doing bilateral agreements for purchases of oil thus by-passing the Dollar.

In any event … What does this mean in terms of Supply and Demand as it relates to the Dollar?

There are presently an awful lot of Dollars in the world.

And the Supply keeps on increasing as the US administration borrows more money from the FED.

So, we can say that there’s not only already an oversupply, but Supply is increasing and will probably do so at an exponential rate.

So, that’s the Supply side of things.

Let’s consider the Demand side of things.

A huge amount of Dollars have been printed ever since 1945 in order to meet the rise in demand across the globe. But Demand has been dropping because fewer companies and countries are using the Dollars for international trade or whatever.

So, we can say that there’s an oversupply along with an ever-increasing Supply and in conjunction with dropping demand.

If we consider

In this video I want to talk about the Nazi Plan to counterfeit the Pound and the film “the Counterfeiters” which portrays some of those events.

The reason why I’ve made a video about this is because it shows the problems that can occur with currencies. I’ll explain what I mean as we go along.

Spoiler alert !! …. I’m going to be talking about the film a little, so if you don’t want me to ruin the film for you, you might want to stop here – although I’ve probably said enough already. Anyway, you can always listen to this video after having watched the film.

The film is based on a true story about a plan by the Nazis to counterfeit the Pound Sterling during WWII.

Their plan was as simple as it was cunning. As the name of the film suggests, it was to produce a lot of counterfeit notes.

In doing this, they had two main aims.

The first aim was to flood Britain with lots of counterfeit notes causing a loss of confidence in the currency in circulation, the Pound Sterling.

Bear in mind that that was a time before digital currencies, … when they used the physical form of currency cash. So Cash was still King.

It stands to reason that confidence would have been eroded if the populace didn’t know which bank notes were fake and which were real.

The second aim is a little less obvious though equally damaging. It was to increase the Money Supply causing the Sterling to lose its value, or Purchasing Power.

When there is lots of currency in circulation in an economy then the value of the currency goes down. Maybe it’s helpful to think in terms of the Economic laws of Supply and Demand. When there is an oversupply of something, prices typically go down.

As evidence of this phenomena, we need only look at OPEC. OPEC is a cartel of oil producing nations in the Middle East. When they collude and limit production, the price of crude oil per barrel rises. When they increase production, the price of crude oil per barrel falls.

Currencies can be considered as being a special kind of commodity where the Economic laws of Supply and Demand affect value.

A good analogy to use to gain an understanding of the issue of the effects of increasing the Money Supply is whiskey.

Some people like to drink whisky neat. Some people like to drink whisky with ice. Some people like to drink whisky with water. If you add water, the whiskey becomes somewhat diluted – it’s not quite so strong. If you add too much water, the taste of the whiskey is lessened to some extent and, more importantly perhaps, it loses some of its potency (in respect of each mouthful taken)
The same is true of a currency – it can become diluted – it can lose its potency. Although different terms are used. Analogies are rarely perfect, but I hope you get the idea.

When it comes to a currency, instead of saying, adding water, the phase used is, “increase in the Money Supply”. And, for “dilute”, the terms used are, either “devalue”, or “debase”. And for potency, the term

In his most recent Podcast released on his Substack Channel “Aether Pirates of the Matterium”, Clif High talks about a financial crash coming. He also talks about wholesale change that he thinks is going to take place - the upending of society in terms of Economics, Politics, Religion etc

I’ve been saying something similar (in a sense) although I have focused more on the Economic side of things because for me Economics underpins everything and because I’ve been operating on the assumption that if people were able to focus on the Economic aspect then they would probably be better able to understand and deal with the rest of the stuff that’s coming our way.

Anyway, in terms of Economics I’ve talked about a Currency Crisis, Bond Bomb, Debt Disaster and I’ve described it in terms of a Financial Tsunami.

And I’ve talked about the destructive capabilities of an Economic crisis.

I’ve also talked about the various things he talked about in his podcast namely the Nixon Shock, the Petro-Dollar System, the Gold Standard, Fiat currencies, the worthlessness of currencies, the Death of the Dollar, the Gold Confiscation of 1935 in the US, the Hyperinflationary event in the Weimar Republic circa 1923, CBDCs, the problem-reaction-solution dynamic where governments will offer a desperate public certain solutions when the crisis occurs. Corruption of Government etc etc

I agree with him that what is to come is going to be bad, very, very bad. In March of this year, I released a video entitled “Shawshank Redemption. – systemic collapse” where I tried to describe the crisis we’re facing by means of an analogy of the Hollywood film.

I also agree with him when he says that it’s going to cause disruption on a scale most people can not imagine. So there will be lots of civil unrest – looting, violence – all sorts of nastiness. It’s going to be a chaotic and dangerous time. In part because when people lose everything, they become desperate and they then do desperate things.

Anyway, if you haven’t done so already, I highly recommend listening to his audio. He’s an incredibly intelligent and knowledgeable man. I hold him in very high regard.

To finish off … it’s going to be a cataclysmic, life-altering event for the vast majority of people living on planet earth – so I sincerely hope you’re properly prepared.

Wise up and rise up.

Some people might listen to my videos and come to the conclusion that I’m a Prophet of Doom.
But I would challenge that assessment – at least in some respects.
Firstly, I certainly don’t claim to be a Prophet. My predictions are not based on some kind of mystic vision.
I simply look at certain key historical events such as the Nixon Shock and also our current situation and what has happened in the past and I look at general trends so rising National Debts, the collapse of Purchasing Power of Currencies etc and then I make predictions based on likely scenarios, or most likely outcomes.
And in doing that, it really doesn’t take much of a visionary to see what lies ahead.
As for the Doom aspect …
The future does not look good.
How bad it will turn out to actually be? … I don’t know.
It could well become a Mad Max type of scenario. Or it might only be somewhat worse than the Great Depression of the 1930s.
But, as I say, I’m not a visionary, so I can’t predict the future to any degree of accuracy.
The prepping motto … “Prepare for the worst and hope for the best” might be worth considering here.
Wise up and rise up

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