The Collapse of the Financial System

"The future will be about finding a way to reduce the population"

Letters from Vienna #54

I sincerely hope that somebody gleans some useful information or helpful insights from these letters. The most important insight into how the world works, how there are wheels within wheels, is that the most significant factor determining what happens is “high finance”. Thus, the ongoing cull, the Genocide by Jab, is, for some, the inevitable outcome of the policies put into effect since the mid-1990s, when the “High Cabal” (aka “Mr. Global”) decided to pull its money out of America. There are, for the “High Cabal”, simply too many people living in the United States; they need to be got rid of. What we are now experiencing is the implementation of this plan. Put another way: what we’ve encountered isn’t a health crisis at all but rather a financial crisis.[1]

In 1981 Jacques Attali, an advisor of Francoise Mitterand, opined: “The future will be about finding a way to reduce the population. We start with the old, because as soon as they exceed 60-65 years people live longer than they produce and that costs society dearly. Then the weak, then the useless that do not help society because there will always be more of them, and above all, ultimately, the stupid…Euthanasia will have to be an essential tool in our future societies… Of course, we will not be able to execute people or build camps. We’ll get rid of them by making them believe that it is for their own good. Overpopulation, and mostly useless, is something that is too costly economically. Socially, too, it is much better when the human machine comes to an abrupt standstill than when it gradually deteriorates. Neither will we be able to test millions upon millions of people for their intelligence…We’ll find or cause something, a pandemic targeting certain people, a real economic crisis or not, a virus affecting the old or the fat, it doesn’t matter, the weak will succumb to it, the fearful and stupid will believe in it and seek treatment. We will have made sure that treatment is in place, treatment that will be the solution. The selection of idiots then takes care of itself: You go to the slaughter by yourself.”[2]

According to the Deagel Death Plan: “The collapse of the Western financial system will wipe out the standard of living of its population while ending Ponzi schemes such as the stock exchange and the pension funds. The population will be hit so badly by a full array of bubbles and Ponzi schemes that the migration engine will start to work in reverse accelerating itself due to ripple effects thus leading to the demise of the States. This unseen situation for the States will develop itself in a cascade pattern with unprecedented and devastating effects for the economy…We see a significant part of the American population migrating to Latin America and Asia while migration to Europe – suffering a similar illness – won’t be relevant. Nevertheless, the death toll will be horrible.”

If this plan is followed, the US population will shrink from 326,620,000 to 99,553,100 by 2025 while the Canadian population will drop from 35,620,000 to 26,315,760. Western Europe will also be hard hit, though not quite as bad. The population of Germany will decline from 80,590,000 to 28,134,920, Italy is set to drop from 62,140,000 to 43,760,260, France from 67,100,000 to 39,114,580, Spain from 48,960,000 to 27,763,280, Belgium from 11,490,000 to 8,060,900, Austria from 8,750,000 to 6,215,000 and Sweden from 9,960,000 to 7,191,400.[3]            

What we are currently witnessing is the execution of this plan. To a certain extent we have seen this before, though under a different guise. F. William Engdahl wrote: “On October 6, 1973, Egypt and Syria invaded Israel, igniting what became known as the Yom Kippur War. Contrary to popular impression, the ‘Yom Kippur’ War was not the simple result of miscalculation, blunder or an Arab decision to launch a military strike against the state of Israel. The entire constellation of events surrounding the outbreak of the October War was secretly orchestrated by Washington and London, using the powerful secret diplomatic channels developed by Nixon’s national security adviser, Henry Kissinger. Kissinger effectively controlled the Israeli policy response through his intimate relation with Israel’s Washington ambassador, Simcha Dinitz. In addition, Kissinger cultivated channels to the Egyptian and Syrian side. His method was simply to misrepresent to each party the critical elements of the other, ensuring the war and its subsequent Arab oil embargo.”

“U.S. intelligence reports, including intercepted communications from Arab officials confirming the buildup for war, were firmly suppressed by Kissinger, who was by then Nixon’s intelligence ‘czar.’ The war and its aftermath, Kissinger’s infamous ‘shuttle diplomacy,’ were scripted in Washington along the precise lines of the Bilderberg deliberations in Saltsjöbaden the previous May, some six months before the outbreak of the war. Arab oil-producing nations were to be the scapegoats for the coming rage of the world, while the Anglo-American interests responsible stood quietly in the background.”

“In mid-October 1973, the German government of Chancellor Willy Brandt told the U.S. ambassador to Bonn that Germany was neutral in the Middle East conflict and would not permit the United States to resupply Israel from German military bases. With an ominous foreshadowing of similar exchanges which would occur some 17 years later, Nixon, on October 30, 1973, sent Chancellor Brandt a sharply worded protest note, most probably drafted by Kissinger:

“We recognize that the Europeans are more dependent upon Arab oil than we, but we disagree that your vulnerability is decreased by disassociating yourselves from us on a matter of this importance ... You note that this crisis was not a case of common responsibility for the Alliance, and that military supplies for Israel were for purposes which are not part of Alliance responsibility. I do not believe we can draw such a fine line ...”

“Washington would not permit Germany to declare its neutrality in the Middle East conflict. But, significantly, Britain was allowed to clearly state its neutrality, thus avoiding the impact of the Arab oil embargo. Once again, London had skillfully maneuvered itself around an international crisis that it had been instrumental in precipitating. One enormous consequence of the ensuing 400 per cent rise in OPEC oil prices was that investments of hundreds of millions of dollars by British Petroleum, Royal Dutch Shell and other Anglo-American petroleum concerns in the risky North Sea could produce oil at a profit. It is a curious fact of the time that the profitability of these new North Sea oilfields was not at all secure until after the OPEC price rises. Of course, this might only have been a fortuitous coincidence.”

“By October 16, the Organization of Petroleum Exporting Countries, following a meeting on oil prices in Vienna, had raised their price by a staggering 70 per cent, from $3.01 to $5.11 per barrel. That same day, the members of the Arab OPEC countries, citing the U.S. support for Israel in the Middle East war, declared an embargo on all oil sales to the United States and the Netherlands—Rotterdam being the major oil port of western Europe.”

“Saudi Arabia, Kuwait, Iraq, Libya, Abu Dhabi, Qatar and Algeria announced on October 17, 1973, that they would cut their production below the September level by 5 per cent for October and an additional 5 per cent per month, ‘until Israeli withdrawal is completed from the whole Arab territories occupied in June 1967 and the legal rights of the Palestinian people are restored.’ The world’s first ‘oil shock,’ or as the Japanese termed it, ‘Oil Shokku’ was underway.”

“Significantly, the oil crisis hit full force in late 1973, just as the president of the United States was becoming personally embroiled in what came to be called the ‘Watergate affair,’ leaving Henry Kissinger as de facto president, running U.S. policy during the crisis.”

“When the Nixon White House sent a senior official to the U.S. Treasury in 1974 in order to devise a strategy to force OPEC into lowering the oil price, he was bluntly turned away. In a memo, the official stated, ‘It was the banking leaders who swept aside this advice and pressed for a “recycling” program to accommodate to higher oil prices. This was the fatal decision ...’”

“The U.S. Treasury, under Jack Bennett, the man who had helped steer Nixon’s fateful August 1971 dollar policy, had established a secret accord with the Saudi Arabian Monetary Agency, SAMA, finalized in a February 1975 memo from U.S. Assistant Treasury Secretary Jack F. Bennett to Secretary of State Kissinger. Under the terms of the agreement, a sizeable part of the huge new Saudi oil revenue windfall was to be invested in financing the U.S. government deficits. A young Wall Street investment banker with the leading London-based Eurobond firm of White Weld & Co., David Mulford, was sent to Saudi Arabia to become the principal ‘investment adviser’ to SAMA; he was to guide the Saudi petrodollar investments to the correct banks, naturally in London and New York. The Bilderberg scheme was operating just as planned.”

“Kissinger, as Nixon’s all-powerful national security adviser already firmly in control of all U.S. intelligence estimates, secured control of U.S. foreign policy as well, persuading Nixon to name him secretary of state in the weeks just prior to the outbreak of the October Yom Kippur War. Indicative of his central role in events, Kissinger retained both titles, as head of the White House National Security Council and as secretary of state, something no other individual has ever done, before or since. No other single person during the last months of the Nixon presidency wielded as much absolute power as did Henry Kissinger. To add insult to injury, Kissinger was given the 1973 Nobel Peace Prize.”

“Following a meeting in Teheran on January 1, 1974, a second price increase of more than 100 per cent brought OPEC benchmark oil prices to $11.65. This was done on the surprising demand of the Shah of Iran, who had been secretly put up to it by Henry Kissinger. Only months earlier, the Shah had opposed the OPEC increase to $3.01 for fear that this would force Western exporters to charge more for the industrial equipment the Shah sought to import for Iran’s ambitious industrialization. The support of Washington and the West for Israel in the October War had fed OPEC anger at the meetings. Even Kissinger’s own State Department had not been informed of his secret machinations with the Shah.”

“From 1949 until the end of 1970, Middle East crude oil prices had averaged approximately $1.90 per barrel. They had risen to $3.01 in early 1973, at the time of the fateful Saltsjöbaden meeting of the Bilderberg group, which discussed an imminent 400 per cent future rise in OPEC’s price. By January 1974, that 400 per cent increase was a fait accompli.”[4]

What we are currently experiencing is the prelude to a new oil shock, and more significantly: the collapse of the petro-dollar. What we are witnessing is the advent of the petro-rouble and petro-yuan. The cumulative effect of the Genocide by Jab and financial collapse of America has been described above.

On the 15th of March Pepe Escobar reported: “On Friday, after a videoconference meeting, the Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system. The EAEU consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, is establishing free trade deals with other Eurasian nations, and is progressively interconnecting with the Chinese Belt and Road Initiative (BRI).”

“For all practical purposes, the idea comes from Sergei Glazyev, Russia’s foremost independent economist, a former adviser to President Vladimir Putin and the Minister for Integration and Macroeconomics of the Eurasia Economic Commission, the regulatory body of the EAEU.”

“Glazyev’s central role in devising the new Russian and Eurasian economic/financial strategy has been examined here. He saw the western financial squeeze on Moscow coming light-years before others.”

“Quite diplomatically, Glazyev attributed the fruition of the idea to “the common challenges and risks associated with the global economic slowdown and restrictive measures against the EAEU states and China.””

“Translation: as China is as much a Eurasian power as Russia, and they need to coordinate their strategies to bypass the US unipolar system.”

“The Eurasian system will be based on “a new international currency,” most probably with the yuan as reference, calculated as an index of the national currencies of the participating countries, as well as commodity prices. The first draft will be already discussed by the end of the month.”

“The Eurasian system is bound to become a serious alternative to the US dollar, as the EAEU may attract not only nations that have joined BRI (Kazakhstan, for instance, is a member of both) but also the leading players in the Shanghai Cooperation Organization (SCO) as well as ASEAN. West Asian actors – Iran, Iraq, Syria, Lebanon – will be inevitably interested.”

“In the medium to long term, the spread of the new system will translate into the weakening of the Bretton Woods system, which even serious US market players/strategists admit is rotten from the inside. The US dollar and imperial hegemony are facing stormy seas.”[5]

More dramatically and perhaps more accurately Alastair Crooke opined: “The petro-dollar based trading system…has allowed America to ‘nuke’ the world with sanctions and secondary sanctions (through claiming jurisdiction over any, and all, trade denominated in dollars, or which in any way passed through a dollar clearing process).”  

“US hegemony over the so-called ‘rules-based order’ has been financial (and not so much military). That is to say, one imposed by threatening any miscreants with a US Treasury, sanction ‘neutron bomb’.”

“And on 26 February, that system began its’ decease, when the Russo-phobic Washington ‘hawks’ stupidly picked a fight with the one country, Russia, that has the commodities needed to run the world, and to trigger the shift to a different monetary system -- one that is anchored in something other than fiat money.”

“Clearly, the Yuan or Rouble can reflect the underlying value of their large gold reserves. But also, commodities are collateral, and collateral is money.  And Russia has the lion’s share of key commodities.”

“In short, the western monetary system based on the US dollar as a reserve currency is about to end in an inflationary supernova, as the US loses the ability to use Chinese savings to finance its budget and trade deficits. And, this is happening as the Boomer generation retires and their entitlement handouts soar. Defence, interest and non-discretionary entitlements already eat 100% of tax revenues. So now, there is no choice: the Fed will print most of the huge additional spending.”[6]

It is surely no coincidence that Kissinger is reputedly a good friend of Putin’s.

What we should expect is a repeat of the inflation of the 1970s and the imposition of a digital currency. Once that happens: we will all be slaves. Any government will be able to switch off our money, which is our life-blood, at the flick of a switch.

---

[1] https://tube2.solari.com/videos/reset-in-ukraine-with-karel-van-wolferen-1080p-hls/?fbclid=IwAR1_h62AipfuWocgNoi3fSr3H2M7VUneHeW69vFq-AqKdLah1XJU0mkY3Gc

[2] The future of life – Jacques Attali, 1981, Interviews with Michel Salomon, Les Visages de l’avenir collection, éditions Seghers

[3] https://astediscovery.com/COVID/DEPOPULATION.htm

[4] pp. 164-165 A Century of War, F. William Engdahl

[5]https://thecradle.co/Article/columns/7975?fbclid=IwAR2aW0xdCRAzEUD_0mzsmpG5XRbBVbF0pj8y5lvAJkUG1v9f2-Xfuq7Snyg

[6] https://english.almayadeen.net/articles/analysis/canceling-russian-reserves-boomerangs-to-a-new-international