DC ‘power people’ are ‘rich’ because they have power. A new batch is in town.

Good to know that hallowed lands are burgeoning.

Hi BDC – I almost didn’t catch that you had linked to the podcast underneath your chart, but I clicked on it and just listened to about 30 minutes of it, and glad that I did.

The first 5-7 minutes were hard for me to get through, as the guest just kept talking over the host and interrupting and not even letting the guy ask any follow-up questions, but then was a bit scattered in his thinking and presentation after going on and on…. (which grated on me as a fellow podcaster as sometimes we have guests on like that too)… However, once they both got into the heart of the discussion it was pretty interesting.

I like how the focus honed in on the events leading up to the 2019 banking crisis and reverse repo issue, and what transpired afterwards in 2020 and 2021, changing the trajectory forever.

>> I guess I didn’t realize that Jerome Powell effectively gave the middle finger to European banks at that G20 meeting, where Christine Lagarde was hoping the US would join them in group financial suicide. She wanted the US to keep lowering rates into negative territory like Europe to fund their scheme to “save the planet” in the global Green New Deal; with the plan to crash things together, and then all do a large debt jubilee. (we were hypothesizing back then that this was precisely what was being worked up and people that was too crazy… but that is precisely what they were trying to orchestrate with the Paris accords and Green policy initiatives being forced on industry and citizens). I just didn’t realize the extent of how much the US went rogue and didn’t play along with Europe on this, because it felt like that was how things were moving here domestically as well.

–> Instead Powell threw her a curveball by not backing that plan in 2019, saying the Fed only had 2 mandates – inflation & employment, and stopping climate change was not one of them. He went out and instead actually raised the Fed rate, making it amply more attractive yields to other banks. As a result, $4 trillion were drained out of Europe and other foreign banks, flooding into the US reverse repo markets for that extra yield, never to return back, and this infuriated the criminally convicted Christine Lagarde as President of the European Central Bank, and all the WEF and Davos sycophants that wanted the great reset, and wanted a scapegoat to pin the restructuring of global banking on (the climate change boogeyman).

They brought up on the show that was when the green child puppet, Greta Thunberg, was given all this airtime to berate the US for not helping central banks stop climate change, as what Jerome was doing with raising rates at that time was forcing European banks to their knees and showing their insolvency. Most of that issue was because those European banks had made the asinine policy of putting in zero percent interest rates and then eventually some European countries like Germany had negative rates (which apparently nobody wanted… big shock… except drug lords and criminal empires willing to accept losing 1%-2% to hide their illegally gained wealth).

Those WEF billionaires were also hustling the new currency “Carbon Credits” as the grease for the new imagined financial landscape under the guise of saving the planet from climate change. Europe was all-in on this idea, and billionaires were out buying up forests and mangroves, and trashing traditional energy sources. That was all we were hearing about a few years back was this huge move into carbon credits, and how all corporations and banks needed to get on-board, and as we all know, eventually the plan was to foist this idea onto everyday citizens to beat up every household about their “carbon footprint” and charge them for their waste and damage to the planet for running their lights or warm water too much. That was also the rise of the implementation of the smart meters on homes to prepare for tracking everyone’ energy usage.

These global elites had a huge green scheme planned, but it was unraveled when the US didn’t play along under the first term of Trump (where he wasn’t having it) and under Jerome Powell at the Fed deciding to raise rates instead of lower them.

>> It came down to how the “Great Reset” could happen if this plan in 2019 for a financial “group suicide cult” and debt jubilee to “save the planet,” had failed. and if the reverse repo markets in the US were syphoning off foreign funds into the US, that there would have to be some other big global event to pin a reset on, and force the Fed to start lowering rates. Then the podcast got into the 5 large prime banks that have the shares of the Federal Reserve, with some having European roots (which most people here at the KER are well aware of), but the contagion effect on banking.

As they mentioned in the show, a key tipping point was when Jamie Dimon came out in 2019 and took aim at the European Union and their banks and said they would no longer accept European corporate debt as collateral. Then all the other US banks followed suit, and also echoed that they would no longer accept European corporate debt. Then a week later, Jamie Dimon came out and proclaimed that they would no longer accept European sovereign debt as he felt their IOUs were worthless. Well, this was the final straw that broke the camel’s back for all the foreign bankers and many European nations. WEF cronies needed a global reason to reset the interest rates and force the US into compliance and surprise surprise…. they got it shortly thereafter.

As everyone knows, in early 2020, we got Covid-19 and the global lockdowns, where Powell and the Fed were finally forced to lower the Fed funds rates, with a gun to their heads becauses of a “global health crisis,” and where most countries were locked down and economies were crashing. That was also when cash became too dirty to use, in favor of digital currencies. (with the master plan being the implementation of central bank digital currencies).

Then a year later in 2021 failed Fed head Janet Yellen was wheeled in with the Biden administration as the Secretary of the Treasury, and she brought in Larry Fink from Blackrock (not even key commercial bank or prime broker) to be able to access the discounted Fed rates (why?), and he was put in charge of overseeing much of the Covid Relief fund distribution. As most know, Blackrock has swallowed up huge swaths of real estate while citizens were distressed, all part of the WEF plan outlined for years to get most people to be renters in the future.

If things had stayed locked down even longer and economies and global markets had truly collapsed as the derivative markets imploded, then they would have done the Great Reset, and rolled out the Central Bank Digital Currencies (CBDC). Then with these CBDCs they could force compliance in behavior with regards to vaccine passports, carbon credits / paying for excess carbon footprints, dissonance against government policies, etc… or you don’t get to use your new digitally controlled money. That plan is definitely still out there on the table, just waiting for the next global crisis to capitalize on it. We all know this, but I liked some of the dots being connected in that podcast, so thanks for sharing it BDC.

We’ve talked about these topics so many times over the years…. ie: nefarious actions of global central banks and their harm to both free markets and global citizens, the insanity of zero and negative interest rates when they were in place, the hoax of carbon credits and the true motivations behind them, the serious issues and moral hazards with proposed central bank digital currencies, and how the sovereign debt bubble will eventually require either some kind of Great Reset or Debt Jubilee. It was just entertaining to hear it flushed out by an insider that has actually attended the WEF and knows alot of the elite central banksters and the insane games they are playing on the financial global stage.