Introduction - Who am I? SteemBelg!

Hi, my name is SteemBelg and I live in Belgium.

I like to write my macroeconomic view on today's world and that is also the main reason I joined this platform.

Like many others of my generation, born in the early 70-ties, I suffered a first knock out during the dotcom burst and didn't really understand the big picture. I believed it was bad luck and a lack of understanding from my part. And the greed from the banking director that introduced me into the banks' funds. Well, that's close to 20 years ago and here's my current analysis:

We have to start our story before the crisis of 1907, known as the "panic of 1907", before which, the top banking families that resided in the USA, had a meating. This meating, which I believe took place indeed, is not a part of our written history so you won't find it anyware in our history books. During this meating they started up their masterplan: how to take over the USA banking system and government. To do so, a panic would serve them well. "Never let a good crisis go to waste", and they didn't, they actually partly created it. And so it happened, the "panic of 1907". This panic in the streets led to the demand to create more centralisation among the banking world and this is the time that "The Creature of Jekyll Island" was born. Further in this article I will refer to this creature simply by the term the Fed. You probably all know this institution.

During the in our financial history known 1907 meating, the bank(st)ers designed the federal reserve act in secrecy on Jekyll Island. And in 1913 the federal reserve act was passed in congress. This act led to the birth of the Federal Reserve Bank of America. It's most important power was the monopoly to print the USD, which was then lend out to the Government for usage in the economy. Already in this early stage you see what's wrong with this picture: the banks own the government. And it is easy when you can print USD's to bribe politicians, not that they did of course. The government doesn't lie and politicians wouldn't dream of taking bribes.

Let's fast forward a few decades to WW2. At the end of the WW2-era the USA was pushed into the global conflict, however the years before their military participation in this conflict, they were the factory of the world. Many other economies were completely into warfare manufacturing, allowing the USA to trade other goods and services. They were payed in gold.

The 1944 Bretton Woods agreements led to the implementation of the USD as the first global reserve currency. It was backed up by the gold exchange standard, a pretty strong back indeed. But of course, people are always subject to fraud and in the following decades the US government needed more money to pay for the empire's warfare ambitions, more specifically the Vietnam War. This was eventually discovered by the administation of the President of France, Charles de Gaulle.

The USA couldn't give the French their gold, and these events led up to the Nixon Shock. So in 1971, the USD was no longer backed by gold and it became a fiat currency. The global demand for the dollar came to a halt and a solution had to be found. Enter the petro dollar.

The petro dollar agreement was nothing else than the USA forcing the whole world into paying for oil using USD's. And if an evil oil producing country didn't live up to its part of the deal, "selling its oil, its own commodity" for another land's currency, the USD, well... We all know what happened afterwards.

Since its inception, the petro dollar trade left the Middle East suffering from a continuous invasion of US Troops, soldiers that often do not understand what they are fighting for. They believe it's freedom, I believe it's to keep the USD alive and kicking. I believe that without the petro dollar scam, no country on earth would want to own dollar reserves. It is "blood money", backed up by the imminent threat of the US Military Industrial Complex.

However, during the last decades, the rampant printing of fed notes, has caused the system to nearly collapse in 2008, when the housing bubble imploded. It is then that I started to figure something out. The Fed is very much capable of creating the economical cycles of bulls and bears, using the interest rate as a tool. They create a bubble, the dotcombubble, making people believe there is such a thing as the American Dream, they allow it to collapse by raising interest rates and destroy the middleclass's wealth and savings. They lower the rates to give the economy oxygen to revive.

This happened again during the next crisis, the financial crisis of 2008, when they created the housing bubble. This was nothing more than an illusion. How can you own a house without having any money at all? The American Government took these risky assets, pushed them into collateralised debt obligations and spread them globally. And again, like magic, the bubble popped and people lost their homes and wealth. They lowered the rates. Only this time the economy didn't respond to their demands and for almost a decade the patient was in a monetary induced coma, surviving only thanks to free money, created by zero interest rates.

So how is our patient doing today? Well, the patient isn't up and running, that's for sure. The rigged job numbers try to mislead us into believing that a rocket scientist who cleans toilets is a toiletmaid and not an unemployed engineer. Will the patient recover? I don't think so. It's too late.

And again they raise interest rates... to be continued