Unavoidable Economic Reset

The EU explores bank account freezes to thwart depositors from accessing their deposit accounts. The proposals have been drafted since early 2017 if implemented would allow states to temporarily prevent citizens from accessing their deposits from the failing banks, designed to prevent bank runs on already failing institutions this comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender, In the last few days Banco Popular was bleeding deposits at a rate of €2 billion a day on average. The new measures would extend the ability for states to suspend account withdrawals which currently exempt insured deposit accounts (less than 100,000 euros). This would allow the suspension of payouts for five working days, and possible further 20 days extension under exceptional circumstances. Existing EU legislation only allows states to initiate a two-day suspension of certain payouts in the event of potential bank failure with deposits explicitly excluded.

IMF launches new currency the International Monetary Fund (IMF) launch of the new Special Drawing Right (SDR) effective October 1, 2016. The (SDR) valuation basket including the Chinese renminbi (RMB), making a basket of five currency’s, along with the U.S. dollar, the euro, Japanese yen, and the British pound. The weights of each currency will be 41.73 percent for the U.S. dollar, 30.93 percent for the Euro, 10.92 percent for the Chinese yuan, 8.33 percent for the Japanese yen, and 8.09 percent for the Pound sterling. The IMF intends to issue SDR denominated bonds remember the SDR is nothing more than a basket of defective fiat currencies, like the existing Federal Reserve Note, the SDR denominated bonds will be backed by blind faith in insolvent governments that are issuing more and more credit the same governments who would be insolvent if not for their printing presses.

Let’s face it our governments can’t ever repay their debts, let’s examine their options.

• Raise taxes - but that won’t work because it would depress consumption and in turn reduce already deteriorating tax revenue.
• Cut government spending – (austerity measures) but that won’t work because it would be deflationary less money in shopper’s pockets.
• Driving economic growth at a faster rate than the debt - But how?, when each recovery is weaker than the previous specifically because each succeeding recovery is financed by more and more debt.
• Inflate your way out – to do this they would have to run the gauntlet, convince your debtors that you have everything under control “no inflation here” and at the same time you quietly devalue your currency “print lots of money” and reduce interest rates to zero, whilst falsifying your government economic data, sounds familiar?.

The definitive plan when all else fails (from this point onwards we need to join the dots). Imagine the world’s financial system undergoes a renewed crisis (that’s assuming that you believe the last one ever ended) which is now statistically overdue, let’s make a step by step hypothetical government “to do” list.

1. Hinder, manipulate, suppress any competitors to the fiat currency.
2. Control media communications and desensitize your citizens.
3. Ostracize, undermine, subvert, anyone that doesn’t comply.
4. Restrict citizens ability to store their wealth outside the existing banking system by instigating a cashless society.
5. Prepare legislation to legally freeze citizens funds within the gridlock banking system (phase one).
6. Create a replacement currency, and lay the groundwork for a maneuver which will resemble the 1934 US gold reserve act, but this time it’s fiat for SDR’s instead of Gold for fiat (phase two).
7. And finally (phase three) introduce negative interest rates once everyone is well penned down forcing the debt settlements on it citizens thus maintaining the plutocracy.

To conclude, while writing this article I started to question my rationale, doesn’t this all sound a bit like a fictional plot a case of too much imagination but as I research on to see If I could indeed join all the dots (follow article links) it was much to my horror when I suddenly realized that the “Definitive plan” is all but accomplished. Sometimes you just wish to be wrong, alas I drew comfort in remembering these inspiring words from the 2012 British documentary ‘Four Horsemen'.

'Human beings go mad in crowds and come to their senses slowly and individually. History is littered with examples of people who threw themselves off the yoke of oppression to adopt radical change only to end up with popular new rulers that maintained the status quo. To really understand something is to be liberated from it. Dedicating oneself to a great cause, taking responsibility and gaining self-knowledge is the essence of being human. A predatory capitalist’s truest enemy and humanity’s greatest ally is the self-educated individual who has read, understood, delays their gratification and walks around with their eyes wide open.'

To remain passive and permit this affront is to authenticate those whom will seek to repress you, ultimately leaving you only with your eyes to cry with. Its falls on every free think individual to take and make the necessary steps to prepare himself and loved ones for the inevitable monetary reset.

The Manager, Fidelibus Lucrum, Pooled Investment Club.
06 August 2017. 21.08 Eastern.