Janet Yellen on economic cruising for next 70 years

The Federal Reserve's Janet Yellen has just made a statement on the economy that would seem to put her in the same basket of loonies as Maxine Waters and Nancy Pelosi, but perhaps we may be looking at her words in a too literal fashion.

Almost everyone here knows that the Fed is a private corporation owned by banks that lends money to the US Treasury and which sets interest rates according to the dictates of the owners in the cartel. Apart from all the links to the Illuminati and the Freemasons and the New World Order, the Fed really has the life of billions of people all over the planet in their hands, no thanks to the American government which capitulated to them almost a century ago.

So when Yellen imparts a statement that is completely ridiculous, she is actually speaking in code to those in the know. All of us know that we cannot project the economy seven quarters into the future, let alone seven years. When Yellen says that it will be plain sailing over the next 70 years if the status quo is unchanged, she is actually pointing out that things will change because the status quo will change and everyone knows that. But the time frame she quipped as 70 years is something that most of us have yet to understand, because it could actually mean 70 days at worst or 70 weeks at best. The latter seems to fall into most other predictions about a collapse next year, but nobody can tell until it happens.

When we look at how much the world is changing and how much is escaping the grasp of the financial lords because of crypto currency and distributed trust verification systems, we can expect that they will do something drastic to slow this down. Granted that the value of all of crypto currencies combined is not even comparable to the interest generated by funds flowing through the banking system in a single day, it does poke a hole that will rapidly expand if not checked.

Their strategy would be multi-pronged, at least on three fronts.

First, they would try to exert control over the legitimacy of the ownership of the blockchain technology. If they cannot sway governments to ban it or limit it, then they would try to get involved form the inside via several ICOs that will be designed to fail to break confidence in the the system. A cascade of failures will appear to be the failure of the technology even if it is not, and people will be afraid of its adoption and reject it or submit to an authority to control the implementation of the technology. This in itself would be the biggest irony as the blockchain aims to get removed from a central controller.

Second, they could disrupt the adoption of the use of technology by causing economic breakdowns. In any scenario, an economic disaster will see people avoiding unnecessary expenditure in favour of the basic necessities. Only those prepared for such eventualities may have sufficient funds to pursue crypto currency investments, but this may be difficult if the cartel exerts control over the choke points: the telcos, Internet providers and the banks which have control over the fiat money used to invest in crypto currency.

Third, the establishment of an "ubercoin" which would make others redundant. Not an easy one to do right now but in the event of a global economic meltdown, things can change very rapidly. If the communications infrastructure is compromised by sabotage or something like an electromagnetic pulse, the collapse of the infrastructure would render most crypto currencies useless. Trying to convince someone that the printed paper wallet is good for milk and flour is worse than waving a hundred dollar bill. Look at Venezuela and see the proof when hyperinflation hits and when people are desperate for the basic necessities in life. The withdrawal of printed cash in favour of an authorised crypto currency -- the ubercoin -- which can be authorised via government controlled exchanges, is quite prophetic in the grand scheme of things.

Anyway, there are lots of things to consider for a potential doomsday scenario but the most important thing is that nothing is as real as gold and silver when the crap hits the fan. And nothing is more valuable than fresh water, food and fuel. All of which would be as rare as gold if that EMP hits. Which, by the way, may not need to be a bomb from Iran or North Korea but which could be the result of a series of earthquakes that destroy just a few key cities in the world. Losing just one city today, Tokyo or Los Angeles, for instance, will bring us to our knees but facing the loss of five or six cities to natural catastrophes will break any global system and drive us all back to the iron age.

So continue to do what you do but do not forget to look over your shoulder because Big Brother certainly is.