Anytime now this excessive debt system masquerading as a financial system can be brought down. The weaknesses in this system have been evident to many of us for some time. The level of manipulation is excessive. The stock market, precious metals, etc. are MANIPULATED and when the manipulation is “discovered”, no one goes to jail & no significant action or reform or real safeguards to prevent the same thing from happening in the future occurs. It is a big game where the world’s most powerful & wealthiest people continue to rape & pillage the world’s wealth to the detriment of the masses.
Today marks 33 years since “Black Monday”. The Freemasons love the number 33 so just be prepared for a potential large downward move in the stock market as October is also the historic month for “market corrections” with the highest volatility of any month. I am old enough to remember this day as my father came home from work quite upset about what had happened in the Stock Market that day. “The stock market crash of 1987 was a rapid and severe downturn in U.S. stock prices that occurred over several days in late October 1987. While the crash originated in the U.S., the event impacted every other major stock market in the world. In the five years leading up to the 1987 crash, the Dow Jones Industrial Average (DJIA) had more than tripled. On October 19, 1987—known as Black Monday—the DJIA fell by 508 points, or by 22.6%. Up to this point in history, this was the largest percentage drop in one day. The crash sparked fears of extended economic instability around the world.” (Source)
Here is an interesting article published by Zero Hedge today about Black Monday – “Black Monday, 1987: The Birth Of Stock Market Moral Hazard”
“My grandfather and his team placed a call to the then-new Federal Reserve Chairman, Alan Greenspan, only a month into the job, to encourage the issuance of a Fed statement that it would do whatever it takes to provide the liquidity to keep markets functioning.
It wasn’t the time to think about the policy’s broader economic implications, such as the potential moral hazard, as the plane was on fire and going down and desperately needed a rescue plan.
It was also clear Greenspan had been thinking along similar lines.
Fed officials drafted much longer statements for release, but Greenspan reasoned that a short, clear message would do the most to stabilize markets.
It is also important to point out that when Secretary Baker arrived in Europe late that day, he immediately began communicating with key finance ministers, such as those from Germany, Japan, France, and the UK to coordinate a global response to the financial crisis.
Greenspan issued his statement the next morning, October 20,
‘The Federal Reserve, consistent with its responsibilities as the Nation’s central bank, affirmed today its readiness to serve as a source of liquidity to support the economic and financial system.’ – FRB
The market opened down and continued falling, there were no buyers and it appeared, at one point, the global financial system was headed for a complete meltdown.
‘Tuesday was the most dangerous day we had in 50 years,’ says Felix Rohatyn, a general partner in Lazard Freres & Co. ‘I think we came within an hour’ of a disintegration of the stock market, he says. ‘The fact we didn’t have a meltdown doesn’t mean we didn’t have a breakdown.’ – WSJ
Then at about 12:38 pm, with many stocks not trading and pressure growing to close the markets a miracle seemed to happen.
With the closing of the Big Board seemingly imminent and the market in disarray, with virtually all options and futures trading halted, something happened that some later described as a miracle: In the space of about five or six minutes, the Major Market Index futures contract, the only viable surrogate for the Dow Jones Industrial Average and the only major index still trading, staged the most powerful rally in its history. The MMI rose on the Chicago Board of Trade from a discount of nearly 60 points to a premium of about 12 points. Because each point represents about five in the industrial average, the rally was the equivalent of a lightning-like 360-point rise in the Dow. Some believe that this extraordinary move set the stage for the salvation of the world’s markets. – WSJ”
“The events that have given October the reputation for stock losses have happened over decades, but they include:
The Panic of 1907
Black Tuesday (1929)
Black Thursday (1929)
Black Monday (1929)
Black Monday (1987)
Black Monday, the great crash of 1987 that occurred on October 19 and saw the Dow plummet 22.6% in a single day, is arguably the worst single-day decline. The other black days, of course, were part of the process that led to the Great Depression—an economic disaster that stood unrivaled until the mortgage meltdown nearly took out the whole global economy with it.” (Source)
“Sell dollars and buy silver. That’s Goldman Sachs’ recommendation. Peter Schiff has been warning about a dollar collapse and now the mainstream is even getting bearish on the dollar. In response to the economic shutdowns imposed by governments to deal with the coronavirus pandemic, the Federal Reserve is printing money to infinity and beyond. On top of that, it has shifted its inflation targeting to allow inflation to run hot meaning there is no end in sight to the currency debasement. This is bearish for the dollar and an article published by Reuters last month quoted a number of mainstream analysts talking about ‘dollar woes.’
Goldman Sachs has jumped on that bandwagon, saying in a recent report that ‘the risks are skewed toward dollar weakness.’ Analysts see an increasing likelihood of a Biden victory in the upcoming election…
During his speech at the Money Show in August, Peter Schiff said the government is trying to replace the economy with a money printing press and he warned that a dollar crisis is looming.
‘The dollar is going to fall through the floor and inflation is going to ravish the United States. What’s about to happen is that the world is going to go off the dollar standard and go back to the gold standard. That is where we are headed.’
Looking at the big picture, the biggest driver for precious metals continues to be Federal Reserve monetary policy. In order to turn bearish on gold and silver, you have to believe the Federal Reserve is actually going to tighten monetary policy and the dollar is going to remain strong. Both of these prospects seem pretty implausible. Even the mainstream is starting to see it.“.
“In what remains the most undercovered financial topic of the year, if not century, we remind readers that starting about a year ago, central banks around the world launched an unprecedented if stealthy attempt to overhaul the entire monetary architecture of fiat money by implementing digital dollars, a transformation to a cashless society which in recent months has also received the tacit support of Congress, which is actively drafting bills to send ‘digital dollars’ to the unbanked….
Powell also listed the main reasons why central banks are obsessed with to launching CBDCs, saying that ‘there are a number of ways that a CBDC might improve the payments system, and it is mainly this area that motivates our interest’ which include:
Faster and cheaper transactions
Addressing a decline in the use of physical currency
Modernizing the payments infrastructure
… and the main reason cited by Powell: ‘reaching consumers who have been traditionally underserved by financial institutions’, which is another way of say granting the Fed permission to make targeted direct deposits to virtually anyone, anywhere in the world at any given moment in time, in the process making obsolete such legacy institutions as Congress, Commercial Banks and the IRS, since the Fed has ultimate control over the lifespan of every single currency unit from inception to its eventual destruction at the hands of the Fed.
That said, while CBDCs are clearly coming, we expect a period of at least several years before their arrival, absent another major financial crisis, of course: “We have not made a decision to issue a CBDC and we think that there’s a great deal of work to be done”, Powell said.
Powell’s generic caveats aside, the die has been cast: as we reported in August, the Fed announced that it was expanding experimentation with technologies related to digital currencies. In addition, the Boston Fed is working with researchers at the Massachusetts Institute of Technology to build a ‘hypothetical’ digital currency oriented for central bank use.
Other central banks around the globe have been more advanced in their preparations to roll out digital currencies: Sweden began an e-krona project in 2017 and has issued two reports on the topic. The Bank of Canada has launched a formal research project that has partnered with other monetary authorities. The Bank of Japan said earlier this month that it aims to start early phase experiments next year.
The full IMF panel on cross-border payments and digital currencies is below:”
It is important to understand how all of these pieces tie together because there is a very clear & articulated plan to use Covid-19 as the cover for “The Global Reset” (Plan articulated by the World Economic Forum) by the Globalists which has been announced for January 2021. Thus there will be minimal effort to stop the carnage when the financial system, which has been on life support – dependent on derivatives & quantitative easing & Keynesian economics – starts to flounder. IT IS THE GLOBALISTS WHO WANT THE SYSTEM TO BE DESTROYED TO MAKE WAY FOR THE NEW SYSTEM. Unlike in 1987 when there was interest by the Globalists to SAVE the system, the Globalists now want the current system to break, fail & cause massive carnage so the masses DEMAND a new system be put into place. PREPARE yourself mentally, emotionally, physically & spiritually for this coming CHAOS that will be unleashed when the masses see a devaluation of the dollar (possibly 40% with the initial crash). Voila, like magic, the Globalists have the new digital, cashless system (digital currencies/crypto currency) ready to “roll out” using their standard Problem-Reaction-Solution approach.
Am I saying the crash will happen today? Absolutely not but we are “in the season” & I believe the first crash is very close. I expect two crashes like many economists I follow. October is a very high watch time leading into early November with the election.
If you follow economic news, the number of top financial people warning about an imminent crash is at an all-time high.
1) PAY OFF DEBT & AVOID DEBT. People’s debt will be used AGAINST them to pressure them to take part in the Antichrist/Global Governance/Cashless System. Debt forgiveness will likely be offered to those who do what the Globalists tell them to do (i.el take the vaccine & accept the mark of the Beast & worship the Antichrist)”. Do not allow this to be a weapon that can be used against you & your family as we are transitioned to this new global financial system. Live within your means. Sell things you no longer need & are not using for extra income.
2) Have some emergency money in physical form so if the bank has a holiday, you can still buy food & water & pay critical bills.
3) Understand that physical cash is being eliminated so if you have large amounts of cash, use this to buy essential items. Hyperinflation will continue to accelerate, with strong impacts on food prices resulting in less that you are able to buy with the same amount of money over time.
4) Barter items will be valuable in future situations where the system is broken & the Globalists will use the desire for people to have access to their assets to get the vaccine with the Microsoft owned patent turning your body into a computer using crypto currency.
5) Consider buying precious metals in smaller denominations that will be easier to use. Understand that there is likely to be a set window of time that precious metals can be used given the well known Scripture. (Ezekiel 7:19 KJV – They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.)
I have written articles about this coming Antichrist/Global Governance System. If you have not read these posts, they will help you to better understand the full picture of the plan. Stay alert & understand the path the Globalists are taking us so you can prepare to the absolute best of your ability.
October 7th – Caroline Diadem Prophetic Dream “Economic Crash with Cashless Society”
Author: Expat Gal
Expat Gal has been blessed to have known God as long as she can remember. She was raised Catholic and was baptized, made her First Communion and was confirmed in the Catholic faith. At 21, she left the Catholic faith to become a non-denominational Christian as she began to question some Catholic doctrine. One of her life’s highlights was her family’s lake baptism in 2013. In late March 2015, she received a strong Word from the Lord that your “family is no longer safe here” so she and her family permanently relocated outside the U.S. Her goal is to serve the Lord in any capacity He calls her to serve in.