The Great RESET in the making has a purpose, it just isn’t the purpose the World Economic Forum is spouting. The collapse of our global financial institutions is eminent and has been an ongoing uncontrolled deviant spiral since its inception in 1913 with the creation of the Federal Reserve, and again in 1934 when FDR took the US off the gold standard. FDR’s “Brain Trust” advisors at the time were Raymond Moley, Ruxford Tugwell, and Adolf Berle. But it was an agricultural economist trimming FDR’s trees who told him to abandon the gold standard, George Warren.
The decision by FDR caused such a riff within his closest advisors that many quit. Some even declared that the move was the beginning of the Fall of America!
The 1933 New Deal wasn’t having the impact FDR sought. Unemployment refused to budge. Thus FDR began creating jobs that hadn’t previously existed within infrastructure construction. But the jobs were temporary as was FDR’s ‘fix’.
Warren was adamant that the shift away from gold would fix the economy – and derail inflation, and despite objections from the Brain Trust, FDR forged ahead with two allies, BIS and The Bank of England. The decision has been cited as the principle cause of the 1937 recession which saw a 10% contraction, industrial production falling 32% and 20% unemployment.
The Federal Reserve reactionary policies have also been cited as a primary contributing factor.
As a direct result, the now consolidated banks rose to prominence with excess reserves rising 600% to $3.3 billion. In 1938, the Feds reversed the vast majority of their restrictive policies and the economy expanded significantly. Simultaneously BIS, which controlled the European economies, began shipping Europe’s gold to the US. Over the course of two years, BIS managed to ship 140 tonnes of gold to New York – for safe keeping.
In 1938 and 1939 BIS transferred gold reserves to the Reichsbank from the Bank of England. At the time, the Director of BIS was also the Director of the Bank of England, Otto Niemeyer, – eliminating any obstacles in directives. In essence Europe was eliminating its physical reserves while giving Hitler an important value commodity with which to wage war while European citizens were stripped of their gold and bombed.
As the US was confiscating gold from citizens under FDR’s newly minted directive, the global banking cartels were propping up Hitler’s invasion. Not with the minted paper money, but with what was still revered as the best monetary backing in value – gold. Hitler was the favored winner by both England and the US.
Placing a price cap on gold at $35 per ounce, FDR managed to remove an appreciating asset from the mainstream and transfer complete control and liquidity to the US government and Federal Reserve.
It was the prelude to the US declaration of WWII. Rockefeller was cashing in on another commodity – oil. As Japan began making inroads on the resource, Rockefeller sought various means of curtailing Japan’s competition. Pushing Japan to extremes financially, a secondary war erupted. Somewhat similar to the proxy war against Russia while stoking dissension in China over Taiwan stoking WWIII.
Oil and gold became the two largest sources of market wealth for the industrialists during WWII.
Thus it can be said that the banking cartel knew exactly what the implications would be in the gold confiscation scheme which would ultimately become the first massive transfer of wealth while slowly impoverishing the middle class.
These monetary and fiscal policies implemented by FDR in expanding governmental control and manipulation within the banking cartel are the basis of the failed system in the US – and the source of most major depressions and recessions. These Markets were built on a finite timeline giving America the preeminent position of world power.
The power is diminishing rapidly. Using the BRICS as a distraction, the Western industrialists are divesting with a pre-orchestrated end timeline of 2030. The smaller banks will be absorbed or allowed to fold. The survivors will emerge as the RESET stakeholders. Winner take all mentality.
Eliminating the gold standard allowed the US government to continually ‘overspend’ leaving the citizens with insurmountable debt. Each year the budget became more untenable causing Congress to raise the debt ceiling and print more paper money. Federal debt held by the public rose from 16% to over 100% as FDR led America into Europe’s WWII. Government spending clicked into ‘on’ mode and taxpayers were tagged for more money further eliminating the class system from upper, middle, lower, poverty to upper and a lower/poverty.
Reinstituting the gold standard would be problematic. The least of which is Canada which has divested itself of all gold inventory. But there are questions as to the accuracy of accounting in the US – with audits failing to occur. By comparison, both Russia and China have been stockpiling gold for a decade.
According to Mises, banks are not inclined to make the divestiture because a monetary backed gold is much more stable and reserves earn interest for the bank. In addition, creatively raising interest rates, as they are doing now, creates more income for the banks while tightening the grip on lending to entrepreneurs and smaller businesses. A calamity.
Given the artificial system, the US still maintains its teetering place on the global stage. However, a return to gold when the inventory is disbursed among BRICS nations would mean relinquishing Power. Two intertwined Cartels the Banking and Military industrialists, have no intention of leaving their assets or their power on the table.
Thus they devised the RESET and the fiat currency CBDC’s – still operating under the tutelage of central powers including BIS and the Federal Reserve. This is their solution. A new system of governing. A system of corporate stakeholder rulers, aka bankers. But in a global one world government, the military industrialists would be left behind… And the schism of power is fighting itself.