By: Thomas Wigand
Deductive Reasoning: “Reaching an answer or a decision by thinking carefully about the known facts.” – Cambridge Dictionary
KNOWN FACT: Whether through loan sharking, payday loans or national deficit spending and issuing sovereign bonds – debt can equal enslavement, or forfeiture of property by individuals, institutions, even nation states.
KNOWN FACT: Even the “mainstream” media has noticed that the CCP is engaged in “debt-trap diplomacy” in which it loans money to developing nations, and then uses that lender status for influence – and “default” on the loans (granted on such terms as to make default likely) to obtain control of assets and, conceivably, de facto ownership and control of an entire country.
KNOWN FACT: Many of the onerous terms described in the article linked above are not unlike the terms Pfizer has “negotiated” with some countries for the “vaccines” (more on that in “Maybe They Really are Trying to Kill Us,” next in this series).
But could it be that the CCP has merely copied a “debt trap diplomacy” trap that has long been in place in the west; a snare which those western originators are about to spring on us?
KNOWN FACT: As described in the fabulous book The Creature from Jekyll Island, the central bank of the United States – the Federal Reserve – is actually a private entity of mysterious ultimate ownership and control. It was installed in 1913 under Democrat-Progressive President Woodrow Wilson in 1913. It is not an entity of the federal government.
KNOWN FACT: The type of currency (it isn’t money) issued by the Federal Reserve – Federal Reserve Notes a/k/a “dollars” – is not provided for under the U.S. Constitution (and so arguably, the Federal Reserve system itself is unconstitutional).
KNOWN FACT: The Federal Reserve manufactures “money” (“dollars”) out of thin air, and then lends it to the U.S. Treasury; which in turn exchanges debt by handing the Federal Reserve future taxpayers’ wealth in the form of U.S. Treasury notes and bonds. (This video does an outstanding job of explaining this dynamic. It and the entire “Hidden Secrets of Money” series from which it comes is well worth your time.)
In essence then, the U.S. Treasury extracts present and future wealth from taxpayers, and gifts it to the Federal Reserve (and so, whoever actually owns / profits from it).
KNOWN FACT: In 1971 the “dollar” was divorced from “the gold standard”; meaning that since then it has been 100% “fiat currency.” Once upon a time the phrase that the dollar “is as good as gold” was sent down the memory-hole.
(Thereafter, the dollar as a “fiat currency” was backed by nothing but the “full faith and credit of the United States” promised by U.S. Treasury notes and bonds; “full faith and credit” = any and all citizens’ assets that can be taxed or seized by federal government).
The officials responsible for this had to be aware of economic history – all previous fiat currencies eventually fail and disappear, leaving the holders of that “currency” with nothing of value, nor anything that can be exchanged for value.
KNOWN FACT: Since the 2008 subprime crisis and “TARP” – and then Covid and its “pandemic response” (which was unnecessary from a public health standpoint) – the U.S. Treasury has been issuing notes and bonds at an increasing rate; which shows up as increases in the Federal Reserves’ balance sheet. This has grown exponentially in recent years … marking an exponential transfer of wealth to whoever owns the Federal Reserve.
KNOWN FACT: The Federal Reserve is not the only entity that holds U.S. Treasury debt – so too do institutions and other countries’ central banks (including the CCP’s).
This means that the totality of U.S. Treasury debt outstanding equals the total on-the-books indebtedness of the federal government, and so of current and future taxpayers.
KNOWN FACT: The reported federal budget operates on a “cash basis.” If reported on an “accrual basis” – thus, including the present value of future liabilities (most notably, Social Security and Medicare) – the federal debt explodes to over $200 trillion.
With a U.S. population of about 350 million, that amounts to over $500,000 for every man, woman and child in the U.S. – can your family write the check for its share? Do you even have enough total assets to serve as collateral to cover your family’s share of the federal debt?
KNOWN FACT: Additionally, there are tens-of-trillions of “off the books” federal debt – indeed the federal budget as reported to the public may be entirely fictional (see here and here). So, taxpayers are on the hook for far more than has been publicly admitted – while to whom it is ultimately owed is a mystery.
KNOWN FACT: The Democrats under their “Build Back Better”
legislation scheme fully intend to increase Federal Reserve provided / debt-financed spending to astronomically higher levels.
KNOWN FACT: While there are advocates of “Modern Monetary Theory” – essentially “voodoo economics” on speed – no serious economist or financial expert believes that the United States’ economy or its taxpayers can ever make good on even the existing on-the-books debt and unfunded liabilities, much less what is also off-the-books now – or will be added if the Democrats succeed in enacting “Build Back Better.”
Rather, the economists cite economic history and say that defaulting on obligations (e.g., Social Security), inflating out (which is a form of default and is, to some degree, underway now), or repudiating U.S. Treasury debt – or some combination thereof is inevitable.
KNOWN FACT: U.S. Treasury notes and bonds carry the “full faith and credit” of the United States.
KNOWN FACT: “Full faith and credit” means that the U.S. Treasury has, in effect, legally pledged to pay back the debt “by whatever means necessary.”
Based upon these known facts, we can conclude:
Is it possible that the “mother of all foreclosures” is being plotted?
Could some sort of “foreclosure” on the United States of America – or some significant portion of it, including the assets of average Americans – be in the cards?
The D.A.V.O.S. pooh-bahs from the WEF, in a video extolling the “Great Reset,” notoriously exclaimed that “by 2030 you will own nothing, and be happy.” Could it be that they literally mean the United States – or at all of U.S. taxpayers’ assets seized – in order to pay the indebtedness of the federal government?
The federal debt load is so humungous that another “financial system crisis,” or bout of inflation like the 1970’s – or a cyber-attack, as the WEF has been hinting at – could easily force the U.S. government’s finances into terminal mode. Could that be the plan? Was the 2008 “subprime crisis” a dress rehearsal?
D.A.V.O.S. includes the money-changers of the Federal Reserve, other countries’ central banks, the IMF, the World Bank and so on.
Encouraging U.S. politicians to run-up hundreds of trillions of dollars in debt for subprime bailouts, “Covid relief” and “Build Back Better” – even as the United States was being deindustrialized (and so slowly impoverished) in order to benefit the CCP – could well D.A.V.O.S.’ (and the CCP’s) version of “debt trap diplomacy.” Could it be intended to take-out the U.S. by financial (non-kinetic) means, consistent with the CCP’s “unrestricted warfare” doctrine?
Yes, this sounds wildly far-fetched. Yet …
The CCP is pursuing similar “debt trap diplomacy” means with smaller countries, so who’s to say that they and D.A.V.O.S. aren’t similarly plotting to do something similar to the United States (and Europe)?
Could it be that this (or something like it) was the long-term endgame for the establishment of the Federal Reserve System in the first place? If patience is a virtue, it’s the only one that Satan subscribes to.
Without a doubt the people in charge of our financial system, and members of Congress, are well aware of the federal debt, and how it has exploded far past the point that it can be repaid. Aware too are the financial experts and central bank officials – members of D.A.V.O.S. – who nevertheless keep buying up all of the U.S. Treasuries that are put on offer.
They must know something we don’t, yes?
Previous installments in this series:
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