The Fourth Beast: The New Economy

The Great Depression: Is another one coming?

Contrary to hysteria mongers who predict that a great global economic collapse will happen suddenly and swiftly, the economic malaise that will move the world toward a single economy will take years.

However, a world government cannot be realized unless a powerful banking entity is created that will gain control over all the world's money. It was Henry Kissinger who famously stated that "He who controls the money controls the world."

In order for a single world bank to accomplish that, the power that individual nations wield over their financial systems must be taken away from them. 

But that power won't be taken away by force. Rather, the nations will be strongly "encouraged" to place their money in a central world bank where it would then be converted into a new monetary system that will be utilized by all the nations.

Why would any nation hand its financial assets over to an international bank? No nation would even think about doing that unless the biggest, wealthiest nation on earth began having serious financial problems that threatened to destabilize the global economy.

That biggest, wealthiest nation is the United States. And its currency the dollar provides the economic lifeblood for many nations. If the dollar collapses, then the global economy becomes a disaster resulting in soaring inflation, high unemployment, failed banks, food and gas shortages, and anarchy in the streets of many cities and towns throughout the world.

We saw a glimpse of that in 2007 when the U.S. economy tanked after the housing market collapsed. That crisis sent economic shock waves across the world and caused contraction in many economies. 

While some folks suspected the U.S. housing crisis may have been orchestrated by a secret cabal of wealthy globalists, it was really the result of the terrible Marxist policies of liberal politicians and greedy Wall Street financiers. 

Nevertheless, the U.S. economy remains on shaky ground because of its colossal $17 trillion debt. As the interest on that debt grows, the dollar shrinks, making the economic collapse of the U.S. a very real and frightening possibility.

That reality is beginning to sink in with a lot of nations that are seeking out new currencies to replace the dollar and avoid getting hurt in case the U.S. economy fails. 

Russian oil giant Gazprom has already begun switching to Euros and Yuans to replace the dollar as payment for its contracts. And 23 nations that represent 60 percent of the world's GDP are planning to switch from the dollar and SWIFT (the dollar-based worldwide financial transaction system) to alternative currencies. These nations include Russia, China, India, Germany, France and the United Kingdom. 

According to truthandaction.org, "Once the new system is in place, the dollar won’t be needed in these countries and a new reserve currency will come into being. All those dollars in foreign accounts will come home, which will annihilate the (U.S.) monetary system."

And more ominously, the Chinese, who have financed much of America's debt via the purchase of U.S. Treasury Bonds, have begun to sell off those bonds. Why? They see the storm clouds on the horizon for America's economy and they don't want to get stuck with a bunch of worthless paper when the storm finally hits.

The world cannot and will not tolerate another economic crisis such as 1929, the Japan banking crisis of the 1990s or 2007. In the short term, many nations will get rid of their dollars for more stable currencies. 

But there's no guarantee that those currencies that are stable today will remain stable indefinitely. All it takes is some bad and risky decisions by bankers and politicians to send an economy reeling. Remember 2007?

Therefore, the ultimate solution: The creation of a new global monetary system under the control of a single, world bank. That would eliminate value descrepancies between currencies and protect all nations from financial turmoil in the event of a natural or man-made catastrophe. Who would be opposed to that?

In the next installment, the global cashless monetary system.