The Purpose Behind Engineered Economic

Collapse

By Giordano Bruno

Neithercorp Press – 08/17/2010

“From now on, depressions will be scientifically created.” — Congressman Charles A.

Lindbergh Sr. , 1913

Everyone loves money. Even people like myself who abhor the abuse of money and commerce,
who understand the fraudulent nature of the system we live in, still work hard and save so that
we might attain a sense of stability within that system. Many people see money as a focal point
to their existence. But is it really money that they are after, or is it something else entirely? In
truth, money represents ‘security’ in the minds of the masses. Money affords us the ability to
survive, and the more of it we have, the safer we all feel. Because we subconsciously associate
the extension of our very life with the variable health of the economic structure in which we live,
we tend to become unwitting devotees to its continued existence, even if it is corrupt and
condemned to failure. We gullibly deny the system or the currency that supports it is doomed to
the contrary of all evidence because, even though it has beaten us bloody, we have never known
anything else.

In light of this entrenched way of perceiving things, especially in the U.S., it is difficult enough
to convince some people that the economy is in fact not providing the security they desire, but is
actually destroying their future completely. To explain to them that this is deliberate, that the
economy is designed to self-destruct, that is another prospect altogether.

Many people hit a proverbial wall on this issue because they simply cannot fathom that certain
groups of men (globalists and central bankers) view money and economy in completely different
terms than they do. The average American lives within a tiny box when it comes to the
mechanics and motivations of finance. They think that their monetary desires and drives are
exactly the same as a globalist’s. But, what they don’t realize is that the box they think in was
BUILT by globalists. This is why the actions of big banks and the decisions of our mostly
corporate establishment run government seem so insane in the face of common sense. We try to
rationalize their behavior as “idiocy”, but the reality is that their goals are highly deliberate and
so far outside what we have been taught to expect that some of us lack a point of reference. If
you cannot see the endgame, you will not understand the steps taken to reach it until it is too late.

In the past we have covered numerous instances in which global bankers have admitted to fraud
on a massive scale, fraud which is now crushing our already fragile economy. We have covered
the private Federal Reserve and how it knowingly facilitated the creation of the housing bubble,
as well as how it is now inflating a Treasury bubble which is soon to implode. We have covered
Goldman Sachs and its efforts to promote and sell toxic derivatives all over the world while at
the same time betting against those derivatives on the open market. We have covered the
manipulation of gold and silver markets by companies like JP Morgan, which have recently been
exposed by whistleblowers and GATA investigations. And, most importantly, we have executed
in-depth analysis on the growing weakness of the U.S. dollar in preparation for severe currency
devaluation. These revelations raise questions, which is natural, but they also elicit
misconceptions and reckless knee-jerk reactions, especially when broaching the fact that the
illegal strategies of international banks are part of a greater agenda.

Below, we will examine some of the most common narrow minded responses to the issue of
engineered economic collapse, as well as why people think the way they do when the “semi-
sacred” subject of money is involved…

1. The economy is too complex to be controlled by just a handful of people…

This response often comes from people who make presumptions on economics, rather than
actually educating themselves on how the system works. From the outside looking in, the world
of finance appears chaotic; a mixture of mathematical and legal standards swirling in a void of
mass psychology. Many Americans are either frightened off by the seemingly complicated field
of study, or they find it rather boring and not worth their time. This, however, does not stop them
from assuming that they know how money works.
The problem is that just because a person participates in his economy daily, it does not mean he
has any understanding of how it operates. Many watch television on a daily basis, but few have
any idea how the picture actually gets onto the screen, or how to fix a television once it is
broken. Sadly, our egocentric culture has led a substantial portion of the public to imagine that
they are experts on EVERYTHING, and thus, true researchers in the fields of economics and
globalism get reactions like the one above constantly.

At bottom, once all the quasi-technical biz-babble used by mainstream talking heads is removed
from the equation, economics is rather simple. Supply and Demand will always be at the center
of any and every economy, regardless of the political atmosphere it exists in. These two
fundamental factors can be manipulated to a point, by the creation of artificial supply, or the
conjuring of false demand. This is achieved in many ways by global bankers, but primarily
through domination of the issuance of currency, the ability to change interest rates at will, as well
as the ability to inject or remove incredible sums of money from any market.

A perfect example is the suppression of silver prices by JP Morgan:

http://www.zerohedge.com/article/whistleblower-exposes-jp-morgans-silver-manipulation-
scheme

Gold and silver represent competing currencies to the fiat dollars created by the Federal Reserve,
and suppressing the value of these commodities helps to ensure that the public will never see
them as a viable alternative to paper assets. JP Morgan, who along with other international banks
has the ability to throw around massive quantities of capital wherever they please, suppresses the
value of physical silver by issuing paper securities for silver that doesn’t actually exist (creating
an artificially high supply), and naked short selling silver markets to drive them lower (creating
the false impression of low demand).

Another good example of economic manipulation is the private Federal Reserve’s strategy
during the 90’s under Alan Greenspan to artificially lower interest rates, allowing banks to issue
credit at historical levels for over a decade. Linked below is an article from Ron Paul’s ‘Texas
Straight Talk’ dated March, 2007, before the housing market even began its full swan-dive. In it,
he discusses the Federal Reserve’s direct role in the creation of the housing bubble:

http://www.house.gov/paul/tst/tst2007/tst031907.htm

Men like Ron Paul, Peter Schiff, Gerald Celente, Jim Rogers, and many others were able to
predict long before hand that the Federal Reserve’s actions were creating an explosive mortgage
and credit bubble, yet, we are supposed to believe that the Federal Reserve had “no idea” that
their actions would result in a debt implosion?

Catherine Austin Fitts, former Assistant Secretary of Housing and Commissioner of the U.S.
Department of Housing and Urban Development under the first Bush Administration stated
conversely that the mortgage bubble was absolutely not an accident, and that she had witnessed
outright and deliberate fraud on the part of the U.S. government and the Federal Reserve Bank in
creating the bubble. The fact that disturbed her most, however, was her discovery that only a
small handful of international banks were responsible for the perpetuation of toxic mortgage
debt, not just in America, but around the world:

http://solari.com/blog/?p=2058

Goldman Sachs (one of the primary globalist banks involved in the igniting of the debt crisis)
was caught red-handed selling toxic derivatives to investors and governments all over the planet
while at the same time betting against those derivatives on the market. Goldman even bet against
mortgage securities the bank itself created!

http://www.businessweek.com/news/2010-04-26/goldman-sachs-bet-against-its-own-deals-
senate-s-levin-says.html

This is sort of similar to a car maker selling vehicles without brake lines, then placing bets that
their clients will crash and burn. Essentially, it is blatant and sociopathic fraud! Goldman’s
actions directly contributed to credit collapses in numerous countries, including Greece, and here
in the U.S.

The idea that global banks can turn the economy on and off like a light switch may be a stretch,
but the vast majority of evidence shows that they do have the ability to shift the direction of
markets to a point, as well as the ability to spur the growth of bubbles that eventually lead to
recessions, depressions, and beyond. In fact, if one examines the U.S. economy from the
inception of the Federal Reserve in 1913, they would find that the past century has been nothing
but a series of engineered equity bubbles designed to slowly hobble, but not completely cripple,
our financial system and our currency, at least, until recently. Like a steam locomotive on a
collision course with a bottomless canyon, globalist banks can slow or speed up the pace of our
descent, but the final destination never changes.

Now that we have established that market collapses can be created by a small handful of bankers
and done knowingly, lets move on to the next most common sheeple-like talking point.

2. Yes, international banks triggered the meltdown, but the “greed of Capitalism” is truly
to blame (i.e. Its all the Republican Party’s fault)…

First off, if you’re parroting the fiscal debate points of two dimensional socialist gatekeepers like
Michael Moore, then you’re already hopelessly lost in the mind warping hedge maze of the false
left/right paradigm. You should stay as far away as possible from adult conversions on
economics, especially if you plan on associating the “greed” of capitalism and corporatism with
the Republican Party alone.

News Flash! Barack Obama received far more in corporate campaign donations (including
donations from BP and Exxon) than McCain did. Both Bush Jr. and Obama increased
government spending to record levels meaning Neo-Conservatives are in no way “conservative”
(as a true Republican is supposed to be). Obama has consistently surrounded himself with
banksters and corporate lobbyists, including various hobgoblins from the bowels of Goldman
Sachs. BOTH major parties are owned and operated by global banks. This is a cold hard
undeniable truth of our political system. There is no way around it. Learn it, accept it as reality,
and stop trying to blame one side or the other for problems that both sides created! If you cannot
do this, your view of our cultural state of affairs will always be horribly skewed and your
insights on our social problems will be utterly worthless.

While wannabe socialists desperately clamor to point fingers at the free market ideology as the
cause of all our ills, the fact is that none of us have ever lived in a truly free market system. Since
the inception of the Federal Reserve in 1913, all markets and even our own currency have
become more and more vulnerable to manipulation by the banking elite. We have lived our entire
lives in a rigged market, not a free market. To blame the very concept of Capitalism for our
current dire circumstances is not only naïve, it is dangerous. Globalists would like nothing better
than to promote the illusion that “too much freedom” led us to this disaster, and that severe
controls must be put into place to ensure that it “never happens again”.

3. Global banks would never engineer the collapse of the U.S. economy or the Dollar. It
makes them too much money…

This often heard song and dance ties in with the number two comment above. Again, the
assumption is that the globalists only do what they do out of an “uncontrollable greed for
money”. This perpetuates a couple fallacies. First, it encourages the false belief that the end
concern for the Elite is the accumulation of riches. Central bankers have the ability to PRINT all
the money they want from thin air! Remember, the Federal Reserve has never been subjected to
a full audit, meaning they could easily create billions if not trillions without any oversight
whatsoever. Greed for money, to them, is surely an absurd notion. What they do want, more than
anything else, is social power. They want control over every living human being without
question. All other concerns are secondary.

The next fallacy underlying the above argument is the conjecture that the U.S. economy is
somehow indispensable to global banks. This is simply not so. Where we see the economy as an
extension of our culture and ourselves, the Elites see financial systems as mere tools in the
pursuit of a greater goal: World Government. Imagine you are building a house. Once your saw
has fulfilled its intended role of cutting the wood, do you cling to it, or do you throw it aside and
pick up a hammer? This is how globalists look at financial systems. They are perfectly willing to
cast off the U.S. economy like a snake shedding skin if it brings them closer to attaining their
ultimate aim.

The same goes for the Dollar. The Greenback may be the premier world reserve currency now,
but that can and likely will change very quickly over the next couple years. The Dollar is a
device that has outlived its usefulness as far as global bankers are concerned. The IMF has on
several occasions made it clear that they eventually intend for the SDR (Special Drawing Rights)
to replace the Dollar as the world reserve currency, and they have openly admitted that it will
one day be established as a global currency. IMF press releases make this development sound far
off and away, but SDR accumulations by countries around the world have risen dramatically in
the past year. This along with other factors we will cover (namely China’s preparations to dump
their U.S. T-bond holdings) show that IMF actions indicate they are preparing for a collapse of
the Dollar now!
4. China would never dump U.S. Treasuries because it would hurt them as much as it hurts
us…

The theory that China is somehow fused to the U.S. in a kind of symbiotic seesaw relationship
that can never be broken is so ingrained among mainstream American financial analysts it simply
will not die, regardless of how much contradictory evidence you show them. It really is like a
mental disease which causes MSM pundits to go into involuntary Tourettic convulsions every
time you mention the words “Treasury bond dump”. America and China are not conjoined twins,
and one can survive without the other. We have covered the China issue over and over again, and
I will not rehash all that evidence here. To lay it out simply: China has re-engineered its
economy towards consumption and importation rather than relying on exports. The IMF has
talked about this on many occasions with apparent excitement:

http://www.imf.org/external/np/tr/2010/tr072910c.htm

China has also finalized the ASEAN trading bloc which has combined export markets at least
equal to that of the U.S. Meaning, China already has another place to send its exports besides
America.

Most importantly, China must increase their currency’s value if their new consumer based
system is to survive. Allowing the Yuan to rise sharply in value will revitalize the buying power
of the Chinese populace making greater consumption possible. Indeed, China MUST dump their
Treasury holdings and pump up the Yuan if they are to hold their economy together. And, the
Federal Reserve has given China every reason to turn its back on Treasuries through never
ending liquidity injections. This is not to say that a U.S. collapse will not affect them, it would
negatively affect the entire world. However, China has positioned itself to survive, and perhaps
even thrive with their economic expansions into Africa, and their new financial agreements with
Germany.

Finally, the Chinese have been very forthcoming over the past week about plans to drop
Treasuries. China has dumped over 7.7% of their U.S. T-Bond holdings since January, including
the biggest T-bond dump on record this month. They have openly admitted to a plan to diversify
away from the Dollar:

http://www.bloomberg.com/news/2010-08-17/china-cuts-long-term-treasury-holdings-by-most-
ever-as-u-s-yields-decline.html
I’m always fascinated by those economists who vehemently deny China will ever turn away
from the U.S. Dollar while they are doing so right in plain view. Are MSM analysts simply
crazy? I don’t know, but it would explain a lot…

5. Sure, bankers took advantage, but it’s really the American people’s fault for getting
suckered…

Yes, a sizable portion of the American public can be gut wrenchingly stupid. It hurts my head
and my feelings to see people act so idiotic, it really does. The problem with this argument
though is that when it is taken too far it becomes an attempt to divert blame away from the
criminals and place it on the victims. If you knowingly leave your front door unlocked in a bad
neighborhood and you find your home ransacked the next day, then you are partly responsible.
But, we cannot forget that the neighborhood is “bad” in the first place because of the criminals,
not the people who don’t lock their doors.

Just because global banks can sucker the public doesn’t mean they should, or that they cannot be
judged for it. The crime ultimately rests on those men who made the conscious effort to destroy
this country, and the blame rests with them as well. I see the attempt to parlay the economic
collapse into the lap of the American people very often lately, especially from bankers who now
claim that it’s the American public’s fault entirely. Why? Because they will not spend more, they
will not take on more debt, they will not take on more risk, and they will not believe hard enough
in the recovery that never was. Imagine a serial rapist behind a podium admonishing women for
carrying pepper spray. It’s eerily similar…

6. Ok, maybe the banks are causing a collapse, but to say the government is helping them is
just crazy conspiracy theory…

Why is it that the Federal Reserve has never been fully audited? Why is it that when Ron Paul
tried to pass HR 1207 Federal Reserve Transparency Bill, it was muddled in committees and
then eventually derailed? Why is it that banks like Goldman Sachs have been caught, yes caught,
setting the stage for an economic implosion in this country, yet no government indictments have
been formed to criminally prosecute them? Why are these men still roaming free like locusts to
continue pillaging at will? Are we supposed to feel lucky that we get table scraps like Bernie
Madoff behind bars while the Federal Reserve commits Ponzi fraud on a scale that dwarfs his?

Our government, both major parties, is owned lock stock and barrel. This is why there are no
satisfactory answers for the questions posed above. Elements of the U.S. Government including
almost every president since 1912 have not only turned a blind eye to Globalist activities, they
have offered their full support to the bankers.

Nixon removed the Dollar from the gold standard in 1971 giving the Fed free reign to print as
much fiat as they wished without limitations. In 1980 the Depository Institutions Deregulation
and Monetary Control Act was passed placing all banks essentially under the rules of the Federal
Reserve. The Glass-Steagall Act which kept investment banks and depository banks separate was
repealed under a Republican majority in the Senate, and then finalized by Democratic President
Bill Clinton in 1999. 30 years ago, banks that held your home mortgage were for the most part
required to keep that mortgage until it was finally paid. But, a series of government decisions
spanning that period and influenced by global banks allowed for the “securitization” of
mortgages, leading to the creation of “derivatives”, which were then used by corporate mobsters
like Goldman Sachs to destroy our financial system. Last, but certainly not least, both the Bush
and Obama Administrations pressured Congress into passing highly unpopular bailout legislation
which basically rewarded the same banks that created the credit crisis with trillions in taxpayer
dollars (yes, the bailouts are now actually in the trillions, not billions). This led to the coining of
the term “too big to fail” (or “too big to jail”). Our Government has been nothing but complicit
in the banker takeover of this country. To debate otherwise is to invite embarrassment.
I haven’t even scratched the surface of government involvement in the collapse of our economy.
Cases like the Savings and Loan crisis of the 1980’s led to serious prosecutions and jail time for
more than 1100 criminal bankers, but this only caused the government to respond by changing
investigation rules to make it even more difficult to catch the high level fraudsters in the act!
Linked below is an interview between Max Keiser and bank regulator Prof. William K Black
who outlines our government’s complicity in the breakdown of the country it is mandated to
protect:

http://www.youtube.com/watch?v=5Bf5Frx1lZk

Elites destroy cultures to make way for new philosophies; their philosophies. Its not so much
“conspiracy theory” as it is a widely admitted methodology. Corporate globalists believe in
global government on their terms and they barely try to hide it. If someone thinks this sounds
“fantastical” then they haven’t been paying the slightest attention. When one understands how
Elites view economy, and realizes their primary motivations, the fact that they purposely
triggered a collapse is perfectly logical. Nothing besides all out war inspires more fear and
desperation in a society than a financial upheaval. Such elements on a mass scale allow changes
in our collective psychology that were never possible before. Most people tend to falter under
such an overwhelming threat and turn towards any authority (or fake authority) to save them
from harm. Some people scoff at this idea, but it is likely they have never actually been in the
wake of a real national catastrophe before. Men, especially those who know little of themselves,
can change quickly in the face of calamity. The Elites recognize this, engineer tragedy, then
waltz into the aftermath to merrily lord over the rubble.

Will their plan work? I think not, but I’m an optimist (no, really). The pursuit of total control and
total power seems rather infantile to me, be it on an impressively psychotic level. Although, if
we are made to forget who the real enemy is, then I think they do have a chance at success. That
is how they have remained successful to this point. Only now does the average man have such
immense knowledge at his fingertips, the knowledge to bring down a line despots and tyrants
that have reigned for centuries. If only the average man was not so easily deterred by WMD’s
(Weapons of Mass Distraction). The Elites will likely ignite some wars, tempt us into in-fighting,
and fabricate enemies like Al Qaeda out of the ether. As the slogan goes, “Order Out Of Chaos”.
Whatever happens, our eyes must remain fixed on the root of the problem; the bankers, and
nothing else.

Globalists are not invincible, they are not untouchable, they are not even all that brilliant. They
are human, and they have made many mistakes. The engineering of an economic meltdown
really changes nothing. Hired thugs, useful idiots, corrupt officials, even hyperinflation, all tiny
obstacles when considering the world we could have if the Elites were finally made to face the
reckoning they deserve. Americans once took on the greatest empire on Earth. We once took a
feared king to task. Are a bunch of frothing corporate bankers really so daunting? All that is
needed is a principled movement with the will to see justice done, and I believe we have that
already.

You can contact Giordano Bruno at: giordano@neithercorp.us