Paul Volcker, chairman of the Fed, August 1979 to August 1987: “The American standard of living must decline” And indeed it has, just as the Aussie dollar has been gutted, so too has the US fiat. Paul Adolph Volcker Jr. https://en.wikipedia.org/wiki/Paul_Volcker Rabobank: "The Key Reason We Are In This Mess Is Due To Volcker" https://www.zerohedge.com/markets/rabobank-key-reason-we-are-mess-due-volcke... John Maynard Keynes: "There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." https://www.zerohedge.com/news/2019-12-09/end-epoch-report-8-dec The End of an Epoch, Report 8 Dec A fundamental change: "The Fed has gone from the financial bubble’s hostage to its guardian." https://www.zerohedge.com/markets/trapped-when-will-we-know-they-lost-contro... Trapped (When Will We Know 'They' Lost Control?) "As asset markets have become so large, relative to the real economy, their turbulence determines the economic outlook and not, as is normally the case, the other way around. This is why the Fed has cut interest rates during the trade war, even with unemployment at historic lows. It views the ensuing market turbulence as a threat to the economy. The Fed has gone from the financial bubble’s hostage to its guardian." ... So why would the Fed worry about any "threat to the economy"? Could it be that about half a quintillion fiats of debt, ultimately "owed" to the BIS, via the Fed, is the control mechanism upon the world, used to dictate to parliaments, militaries and the people generally, what systems we are to have - what systems of government, which "regimes" must be overthrown by "our" militaries, and which financial instruments (e.g. debt vs credit paper issuance or "fiat printing") we are allowed to use ('member JFK briefly, just prior to his death, fired up the Greenback 'credit paper' printing press)? Why would the BIS insist that the entire world (minus NK, Iran and Venezuela, surprise surprise) is only allowed to print debt based fiats, and not credit based fiats? Could it be that the BIS and its (((owners))) want to pretend they own the world, and all of us too, and don't want us to have liberty, freedom, all those sorts of good things? If the BIS/Fed had actually managed to subdue NK, Iran and Venezuela, along with Iraq and Libya (remember Saddam and Qaddhafi), then the global hegemonic order might have been considered done, and the USD reset, and issuance of a New World Order debt based fiat, could have proceeded aplan. But Putin was not Saddam'ed, Qadhafi'ed or JFK'ed, and he stood by Syria, and effectively Iran, and has very publicly stated that nations have a right to their sovereignty, and that Russia values her own sovereignty very highly. So now it's a multi polar world and TPTB are jostling for power and control in the aftermath of their epic "all chips on the table" NWO failure. Perhaps this is the underlying economic/power reason that we remain in a kind of limbo? Perhaps TPTB cannot bear to reset the USD fiat system thus hastening the multi polar world, and are just zombie-ing along pitifully? ------ Imagine for moment, entirely hypothetically mind you, that you yourself are Monti Burns gleefully rubbing his hands together about a half a quintillion USD fiats "owed" to you, or rather, to the BIS. Now imagine that instead of real and substantial relationships built up over decades, you'd merely enslaved, bombed into submission, and indebted those 99% of nations that ARE a part of the BIS Federal Reserve system, and so all thinkers / observers in the world, are fundamentally pissed off with the way things are, and are just waiting for the bell to toll on the USD as they issue national currencies and finally shake off the cobwebs of the BIS? Would you not, in this entirely ficticious hypothetical, be a little annoyed that you 500 trillion fiats of debt owed to you, were about to "go up in smoke" the minute this debt based fiat system collapses under its exponential thus mathematically pre-ordained weight? Wouldn't this all be just, slightly annoying? And so perhaps you'd even consider lowering interest rates to less than zero and printing the firetruck out of those USD fiats, just to keep the bubble inflated while you try, vainly and pathetically, to figure out a better exit strategy? Not an enviable position to be in - from a purely "strategic problem space" perspective of course, since you still own all the relevant banks, media houses, corporations, militaries and governments. But still. Half a f@#king quintillion fiat dollars about to go up in smoke! Damn dude! What a decision to have to make?! What would Jesus do? What would you do? -- Seven day challenge muffas :D Put your dignity first, heh? ;)