Loading ...2020 Financial Panic Real Conspiracy
I have been in this game for 40+ years. This Coronavirus is a cover for a much more serious conspiracy orchestrated by the government to deal with the very structural crisis I have been warning about. I am NOT one to promote conspiracies. I prefer facts and so when I say there is a clever conspiracy behind the curtain, I do not say this lightly.
The view of the ECB is that they realize they are trapped and the Repo Crisis has emerged because of a collapse in confidence among banks because the EU refuses to bailout banks. Therefore, any bank dealing with a European bank that fails will receive a 100% loss. I have been warning that even the Bundesbank authorized German banks to act as custodians for cryptocurrencies. That was not a decision to make sure cryptos are safe. It was a step towards confiscating cryptocurrencies and converting them to government digital currencies.
Not just the Bank of England has now come out about converting to the digital currency, but Sweden has just published a similar paper. The BoE is sending this around to the press to hopefully plant the seed that this is the solution and the Coronavirus is being used to crush the world economy so people will move to the digital world to save their future.
Christine Legard has come out many times stating that countries should create their own digital currency. Her view has been that the only reason negative interest rates failed was that people hoarded their cash. The solution is to cancel the currency and force people to deposit their Euros. They can then use the Forced Loan measure when canceling the currency fails. This all appears to be lining up for the Monetary Crisis Cycle.
Central Banks will NOT surrender their authority. They will NEVER concede that they have been wrong with the negative interest rates. They cannot now allow rates to rise without collapsing themselves. So the next step in the game to retain power is to cancel the currency. This is why the dollar is king for Trump will not join that bandwagon so easily.
So it appears they have been feeding the press and willing to accept nonsense with the Coronavirus to deliberately collapse the economy and they hope that this will justify their drastic solution to eliminate paper currency.