The American People that something would change nothing has ever changed that it was never help for the people it was never help for the population it was always. Engineering bailouts for the elite for the connected for the powerful just as the suicide of Jeffrey Epstein was a bailout for a very powerful people as well here we see u. S. Credit card Interest Rates hit highest level and 25 years as a commie slows fed eases the gap between what banks are being charged to borrow money and what their target customers is widening once again according to the f. T. U. S. Consumers are paying higher Interest Rates on credit card balances than they have in 25 years the average rate on interest bearing card accounts topped 17 percent in may according to the fed data the highest in the 25 years that the central bank has been making the calculations weekly data based on credit cards dot com survey of 100 National Card issuers found an average rate of 17. 8 percent at the end of july another multida
10 year yield and as you see since basically the European Union finally began quantitative easing in earnest theyve gone into negative territory but i tell you whats remarkable is that you know we made a film like 10 years ago about the collapse of iceland we went to iceland about 6 months 9 months before it collapsed and predicted that it would collapse because it was a serious ponzi scheme where the banks were lending. To speculate and the result of that speculation in the Housing Market would be used as collateral at the bank to create more lending so it became a huge ponzi scheme force a collapsed now people talk about these negative Interest Rates they think its the result of some policy by someone in doing some economic bennett benefit but they dont understand is that is the biggest bubble in history the sovereign bond bubble is by far the biggest ponzi scheme bubble its ever been created in the history of the world and when you talk about these sovereign bonds trading in negativ
The end of july another decade high its proof that the its not a Market Driven economy competition driven economy and stunt capitalism this is a top down dictatorship run by banks who can say that theyre going to give their friends on wall street negative Interest Rates or theyll pay them for putting deposits at the central bank where at the same time they will all jacked the credit card rates up on people who dont have special relationships with the special bank so Interest Rates spike gapping the spread is widening and what i call Interest Rate apartheid if youre in the wrong side of the friends of Jeffrey Epstein you end up in a bantustan of extortion ery credit card rates if youre a friend of Jeffrey Epstein then you get the insider rate of negative and. You get paid to lend money or to borrow money excuse me from from the bank Interest Rates are classically expected to trade in tandem so you have your base rate from the central bank your margin rate your cd rate your credit card r
A settlement in gold and then that was stopped in 71. 00 then you had c. I. Currencies or franc the other feet of currencies and thats how you end up with a global ponzi scheme and you had as nomi prins writes in her excellent book collusion about how the Central Banks then were no longer competing with each other in a mercantile a system but became their coconspirators in a global monitor a system where each bank was simply passing the hot potato around the world and there was never any moment when Interest Rates are not being cut over the past 40 years 45 years thats never happened in one country may have raised a bit but another country would have dropped by considerably more the net result is now the goal of the globe is their debt to g. D. P. For planet earth is approaching 350 percent well some say that the u. S. Dollars back backed by oil so it always has been backed by something hard. Liquid oil the other thing that were seeing however is as Michael Hudson dr Michael Hudson an
Stacey i think youre going to say scared. Well i want to talk about corruption because as we all have seen in the past week or 2 that we went through the Looking Glass and many regards the corruption the Global Financial system Monetary System the negative rates and all that sort of stuff but when this Jeffrey Epstein of suicide situation happened it was quite remarkable that the universal opinion and me that lee at least until people started filtering themselves but immediately they were the likes of Washington Post New York Times and n. B. C. Sort of journalists on twitter scaring the population going oh my god like. This guy was murdered you know so then they all said oh its all a Conspiracy Theory but the fact is that this could happen that the corrupt people he was blackmailing perhaps well never know what truly was the whole story behind the situation of Jeffrey Epstein but because now conveniently all of the revelations will no longer happen so i want to talk about the corruptio