The Great Recession Blog

Right now Magic Monetary Theory, as I last called it, or helicopter money is made possible by the Fed financing the government so the government can give out stimulus checks and augmented unemployment benefits to the masses, giving the unemployed more money than they had when employed. That keeps the accelerated money printing of MMT, […]

Central banks, as I’ve laid out in past months of Patron Posts, have been publicly laying the road for a transition to digital currency for many months. Now the coronacrisis is playing directly into their hands. Central banks conduct germ warfare on dirty cash The war on cash has gone viral. Early in March, Zero […]

Bill Gates, a plague and central banks have converged like the perfect storm to propel the US toward becoming a cashless society and toward using digital ID’s for all personal financial transactions. The coronavirus bound these forces together, compounded them with fear to overcome inertia, and is accelerating society down the digital-currency highway.

Many people are warming up to the idea of digital currency in a cashless society due to coronavirus because going touch free is cleaner than cash. Many businesses are already moving to make digital currency the only form of transaction they will engage in so their customers and their employees feel safe.

This may be my most important article to date. Bill Gates went viral in several controversial interviews last month, advocating mandatory digital ID as proof of coronavirus vaccination as soon as a vaccine is available. The proof will be required, if Gates has his way, before anyone is allowed in large public gatherings.

I’ve spent the year in these Patron Posts largely looking at the big action ahead — where are central bankers taking money. I’ve avoided conspiracy theories and looked only at the words of central bankers, themselves, as they speak quite openly now and reveal clearly where banks are heading and what is holding them back. […]

One has to believe that a bottom to the rabbit hole of negative interest rates that I wrote about in my last Patron Post will somehow be found, though no one knows where it is. It could come when people refuse to go further, such as by paying banks to hold their money in “savings” […]

Central-banker talk about centrally controlling the entire world’s finances is now so open, you can take the words “conspiracy” and “theory” right out of the discussion and just talk about “public planning.” Public acceptance is broad and trusting enough that the bankers have no need to hide their plans. I’ve been parsing their words this […]

This Premium Post continues where my last one, “Teasing out the Fed’s Big Plan for our Future,” left off. As a refresher, I noted in that article 1) the Fed Chair’s concern that the Fed is losing public trust and 2) that its monetary policy independence (its monopoly on money) is at risk along with […]

We live in a time of intense scrutiny and declining trust in public institutions around the world. At the Fed, we are committed to working hard to build and sustain the public’s trust. The Fed has special responsibilities in this regard. Our monetary policy independence allows us to serve the public without regard to short-term […]

Many nations that experimented with the Fed’s economic recovery plan are now going beyond the outer limits into the twilight zone of negative interest rates. Some of these nations continued to skirt in and out of the edge of recession throughout their years of economic stimulus; so, now they’ve powered their programs into hyperdrive to see if they can escape […]

In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as shown in the article below. As we enter 2016, we are only beginning to see this Epocalypse form through the fog of war. The […]