Economic Crisis: Elite Globalists Will Engineer Financial Collapse And Blame Bitcoin?

Economic Crisis: Elite Globalists Will Engineer Financial Collapse And Blame Bitcoin?

Every single financial collapse has been engineered by elitists and governments as a method of gaining the public’s support for more control over their money supply. Now one YouTuber has the guts to say it and boldly declares that those same globalists will blame bitcoin for a biblical level financial collapse.

The Dollar Vigilante YouTube channel isn’t walking on eggshells in their video titled “The Globalist Plan To Blame Bitcoin For Biblical Level Collapse.” The video starts off with a harsh dose of reality that many won’t like:

They won’t teach you in your government schools but every major economic and financial collapse is planned. It doesn’t happen by accident.  – Jeff Berwick, The Dollar Vigilante

Berwick doesn’t mince words later either, and he says that the government and other globalists already have plans to collapse the economy and blame Bitcoin. Mike Adams, the Health Ranger has also stated that the elitists need to control Bitcoin in order to control humanity, so look for a false flag terror attack allegedly funded by the now infamous decentralized cryptocurrency.

“By any measure, we are at the most extreme time in history in money, finance, banking, equities, bonds, real estate and other sectors,” says Berwick. “We’ve never seen money printing across the board like we’ve seen in the last decade. Interest rates are at record lows and even at ludicrous negative rates in some countries. They’ve never been lower in 5000 years. By any measure, the US stock market is at or past extremes.” Along with the US government’s debt doubling in the last 8 years to a whopping $21 trillion, Berwick says that this is just the symptom of a government and globalist manufactured economic collapse that will all have to “come crashing down.”

“As always, I look for the clues directly from those who currently control the world, for the answers,” says Berwick. He then points to a Rothschild owned economic magazine that foretells in its 1988 cover image that 2018 will be the year of the global currency. “How could the globalist bankers plan 30 years ahead for a massive change in the monetary system?” Berwick asks. “Well, look no further than Bilderberg.”

Why? “Because most of the power in the hands of the elites now rests in their control over the issuance of currency which they cannot control with Bitcoin,” Berwick continues. “Instead, what their game plan might be, is to put trillions of dollars into Bitcoin to blow it up to massive extremes.” Berwick then goes on to quote other financial an market experts, such as Jamie Dimon of JP Morgan, who all say Bitcoin will cross the $60,000 -$100,000  threshold before the collapse.

But Bewick also says that one the state gets control of the cryptocurrency, no other cryptocurrency will be allowed to coexist. The game plan is for Bitcoin to crash, either by design or under its own weight so that the global elitists and governments can implement their own cryptocurrency, and again control the supply of currency. 

Some crackpots on the internet believe Bitcoin is globalist invention. They clearly don’t understand power, control, or what Bitcoin is. If they did, they’d know that Bitcoin is the antidote to the new world order, not the gateway. -Jeff Berwick

Macy's Announces 5,000 Job Cuts, Closure Of 7 More Stores; Stock Tumbles

The Amazon juggernaut continues to crush brick and mortar retailers.
On Thursday morning, former retail giant Macy's, announced that was preparing to fire 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for "physical retail." The retailer's cost reductions come as it announced that its comparable holiday sales rose a modest 1.1% for the Nov/Dec period relative to 2016.
Although the company described its holiday sales as "solid," the performance trailed fellow department-store chain J.C. Penney, which posted a 3.4% increase Thursday. Macy's also narrowed its FY 2018 (ending Jan. 2018) year comp. sales view to a decline of 2.4%-2.7% on owned basis, down 2%-2.3% on owned plus licensed basis and total sales down 3.6%-3.9%. This was in line with the latest forecast given in November, which called for sales down 2.2%-3.3% on owned basis, down 2%-3% on owned plus licensed basis and total sales down 3.2%-4.3%.
And while Macy's continues to struggle with margin compression and inventory (mis)management, clearly the far bigger problem is the secular decline for the company (thank you Amazon) with Macy's today announcing it was closing 11 stores in FY19 (year ending Jan. 2019), vs the 4 announced previously, part and parcel with the 5,000 laoffs, as well as the company's intentions to "further streamline some non-store functions."

Macy's disclosed the following seven locations for shuttering which it had previously not identified for closure:

• Miami (Downtown), Miami
• The Oaks, Gainesville, Fla.
• Novato (Furniture), Novato, Calif.
• Honey Creek Mall, Terre Haute, Ind.
• Birchwood Mall, Fort Gratiot Township, Mich.
• Fountain Place, Cincinnati
• Burlington Town Center, Burlington, Vt.

The retailer also said Thursday it is moving ahead with four other store closures previously announced:

• Laguna Hills Mall, Laguna Hills, Calif.
• Westside Pavilion, Los Angeles
• Stonestown Galleria, San Francisco
• Magic Valley Mall, Twin Falls, Idaho

Putting the closures in context, they are are part of a plan announced in August 2016 to shutter 100 stores. Altogether, the company has now revealed 81 of the 100 locations.  Macy's sees closing an additional 19 stores as leases or operating covenants expire or sale transactions are completed. Including the stores announced today, M has closed 124 stores since 2015.
Macy's ongoing woes are good news for bargain hunters: the company said that liquidation sales are likely to begin Jan. 8 and continue for eight to 12 weeks.
"Looking ahead to 2018, we are focused on continuous improvement and will take the necessary steps to move faster, execute more effectively and allocate resources to invest in growth," Macy's CEO Jeff Gennette said in a statement.
Macy's has been struggling with its massive real estate footprint and traditional retail model, as Amazon.com soars and physical competitors such as treasure-hunt retailers T.J. Maxx and Marshall's offer (better and cheaper) alternatives. Despite the challenges, Macy's reported strong performances for active apparel, beauty products, shoes, dresses, coats, fine jewelry and some other items.
Ironically, the company also said its digital sales jumped by double digits. The problem is that when compared with Amazon's own same store sales - all digital of course - it is too little, too late.
* * *
But what is most troubling for Macy's, is the stock's reaction to today's news: whereas in the past, M would jump on any mass layoff and/or closure news, this time it enjoyed a brief kneejerk moment in the green, before tumbling.

Morgan Stanley Wealth Sells All Junk Bond Holdings, Warns Of Recession Risk

According to Morgan Stanley Wealth Management, it is too late to buy junk bonds in this market cycle, which is why one of the otherwise most bullish banks is cutting its high-yield bond holdings to zero, Mike Wilson, the CIO of Morgan Stanley Wealth writes in his 2018 outlook.
While tax cuts are expected to inject fresh momentum into high-flying stocks, the boost may be short-lived and mask balance-sheet weaknesses, Wilson wrote in his Wednesday note as discussed by Bloomberg. Wilson also believes - as do we - that all the Trump tax reform will do is accelerate the next downturn by "bringing forth the excesses we typically see before a recession."
“While the tax cuts just enacted in the U.S. may lead to better growth in the short term, they may also bring forth the excesses we typically see before a recession — which is something credit markets figure out before equities." As a result “we recently took our remaining high yield positions to zero as we prepare for deterioration in lower-quality earnings in the U.S. led by lower operating margins.”

With Wilson expecting operating margins to peak due to lower tax rates, rather than from rising sales and profitability, he now recommends selling yield and buying short-term fixed income.
And while the Morgan Stanley CIO does not except a recession in 2018 despite a mature market where making money becomes more difficult, as the cyclical peak approaches he warns that "investors should prepare for at least one correction in global stocks this year."
“We think it will be much tougher to make money in 2018 and 2019 than in 2016 and 2017 as the risk of a recession and outright bear market comes closer,” Wilson wrote. “Late-cycle dynamics have become even more evident.”
Furthermore, between tightening monetary policy and fewer positive surprises in earnings and economic data, any remaining upside is likely to be speculative, Morgan Stanley concludes.

Venezuela Forced To Pay For Medicine With Diamonds And Gold

Venezuela’s government has nearly exhausted its foreign exchange reserves and its citizens have resorted to mining bitcoin  and fashioning ad hoc neighborhood currencies  to facilitate day-to-day transactions.
But the cash crunch that has helped worsen the country’s economic crisis is finally forcing the government to make an unusual request of its trading partners, including pharmaceutical companies from which the government buys medicine for the country’s hospitals: Would they accept payment in diamonds, gold or other precious stones?


According to the Wall Street Journal, companies were baffled by Venezuela’s offer. As for whether they accepted it: That’s not clear.

The proposed exchange perplexed the pharma representatives, whose companies had no policies on accepting precious gems and metals as payment, according to three people familiar with the meeting last month where Venezuela’s health minister made the offer.
While it isn’t clear if any of the companies accepted it, the proposal underscores how Venezuela’s economic collapse is forcing President Nicolás Maduro’s embattled administration to improvise to pay for goods as severe dollar shortages push the country toward a barter society.

As WSJ  pointed out, using commodities as payment isn’t uncommon for large global companies trading in mining or oil. But it's almost unheard of as a way to settle debts to other sectors like pharmaceuticals. The trend also mirrors the rise of bartering on the streets of many Venezuelan towns and cities.

In this capital city’s sprawling Petare slum, residents like 25-year-old baker Norvis Bracho use Facebook groups—some with more than 100,000 members—to post pictures of sugar and corn flour offered in exchange for beans or blood-pressure pills.
“This is how we get by every day,” said Mr. Bracho, a member of 13 Facebook and WhatsApp networks where he trades everything from bread to computer parts.
On a recent day, Mr. Bracho’s family, thrilled to see hard-to-find Coca-Cola sold on the streets, rushed to purchase a dozen 2-liter bottles with a debit card.
“This will come in handy to exchange later,” his aunt, Ruth Villarreal, said.

The Venezuela bolivar has depreciated more than 97.5% against the dollar over the past year. And economists expect annualized inflation to surpass 2,000% during the coming year, even as the price of oil has steadily crept higher.
Given the country’s opaque finances, it isn’t clear how much Venezuela holds in certified precious metals and stones.


The Socialist government unilaterally pulled out of the international Kimberley Process, which certifies the origins of diamonds, for eight years until it re-entered in 2016. Much of the country’s mining of diamonds and other valuable minerals is in the hands of wildcat miners in the lawless, jungle-covered states of Amazonas and Bolívar.
But to help stave off bankruptcy, President Nicolas Maduro recently promised that the country would back a soon-to-be-launched digital currency with $5 billion of gold and oil.

 

The Financial System Will Break, You Cannot Recover From A Fake Recovery

 

 

 

SOURCE