Direct Link to Latest News


Default? Don't Put it Past Them!

October 5, 2013

large_george-washington.jpgUnder Presidents Bush and Obama, the US national debt has risen from six to 17 trillion dollars in just 11 years!  But debt is not the real issue. Illuminati politicians might upset the apple cart for political reasons.

"[The 1929 Crash] was not accidental. It was a carefully contrived occurrence ... The international bankers sought to bring about a condition of despair here so that they might emerge as rulers of us all."
----Republican Congressman, Louis T. McFadden, Chairman of the House Banking & Currency Committee, 1920-1931, a staunch critic of the Federal Reserve.

The article below was written in July 2011, but could have been written today. Except, in 2011, fears of a US default caused the stock market to tank and gold to reach an all-time high. The crisis was averted in the last minute by a debt reduction agreement,(which was subsequently offset by the Fed's Program of "Quantitative Easing.")

Today when the US government has shut down, the market is sanguine that our political "leaders" will once again avert disaster by raising the debt ceiling.  I am not as confident.

Debt isn't the real issue. As the holder of the reserve currency, the United States can print as much money as it wants. It never has to be repaid. They can buy goods and services for nothing. Why not continue to enjoy this privilege?

No, t
he debt debate is a diversion and a charade. The Tea Party is a creation of the Koch Brothers. Our "leaders" are mostly Freemasons. As in the Great Depression, catastrophe may not be averted, because of the Illuminati agenda of political and social change. Think of the psychological effect of a US default.

We will never overcome our problems until we address the underlying cause: society is controlled by the Illuminati, a cabalist cult empowered by the central bankers. Put simply, Satanists don't care if the people suffer. On the contrary...

Latest!  Peter Schiff warns of economic collapse and martial law. YouTube

by Henry Makow Ph.D.
( from July 24, 2011)

Until recently , the markets were trading higher on robust corporate earnings and the complacent assumption that the US couldn't possibly default on its debt.

This is an assumption I do not share. After all, we are dealing with the same shady characters who gave us 9-11, Newtown and Boston. They gave us the 2008 credit crisis by removing all regulatory supervision

And that's just recent history. The Illuminati bankers are responsible for all wars and depressions. These are mechanisms by which they concentrate power and wealth in their own hands and enact "social change" leading to world government tyranny. 

So why wouldn't their puppets default? The Illuminati motto is order out of chaos, isn't it!?

For a New World Order, they need chaos. They need to destroy the US dollar and credit worthiness in order to institute a new one-world currency.

They need to destroy Americans' faith in democracy in order to bring in a new level of international government. They need to disrupt the economy and cause depression in order to make people so desperate they will accept any solution. And they need to make all this seem natural and inevitable.

 "I think we're going to slide into intensified social conflicts, social hostility, some forms of radicalism; there is just going to be a sense that this is not a just society," Zbigniew Brzezinski told MSNBC July 6, adding that civil unrest would begin when the lower middle class becomes severely affected by the economic fallout and rising unemployment.

In an 1968 article in Encounter America's Role in the Technetronic Era, that seems prescient today, Brzezinski wrote: "The technetronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieval by the authorities."


Almost six trillion is owed to the Fed.  It was created from thin air and should be repaid in kind. Just make a digital notation like they did. The same applies to the nearly $16 Trillion they gave to other banks during the 2008 crisis.    

Tony Blizzard, a Patriot veteran, writes that the only way to escape enslavement is to throw them all out and create our own medium of exchange.

Blizzard: "While the federal liars play their "how to keep borrowing" game, ... (borrowing the medium of exchange into existence), know that there is absolutely NO NEED for any national government to EVER borrow money, much less "credit" (debt), as national governments are the rightful agents to CREATE the nation's money. It is not a right to be handed, free of charge, to a cartel of criminal private bankers such as the Federal Reserve. 

"Moreover, government-created money is properly NOT loaned into existence at all but SPENT into circulation for legitimate government projects, there to stay and oil the economic wheels and cogs."


It is comical to see Jesuit- educated Speaker John Boehner championing the cause of debt reduction.
Like all politicians, he has advanced the Illuminati agenda- getting the country deeper into debt. As Matt Taibbi shows in  "The Crying Shame of John Boehner"   (Rolling Stone, Jan 2011) 
the Speaker built his career by being a conduit for public money going to big corporations.

His major accomplishment was the (at least) $700 billion bailout of the big banks (TARP) which he helped push through, after receiving four million dollars from the financial services industry over his career. 

Before that, he helped co-author the "No Child Left Behind Act," a "grotesquely expensive expansion of federal power" which increased federal education spending by 80%. He also passed the obscene Medicare Part D, which Taibbi calls "a staggering $550 billion handout to the pharmaceutical industry."

He helped pass the Bush tax cuts for the wealthy lowering their rate from 40% to 35%  - the lowest rate in the history of the USA. 

So while pillaging the public for private interests, Boehner and his crew have tied the government's hands in terms of revenue. Then, they have the audacity to oppose "tax hikes."

I doubt Tea Party supporters wanted to shelter huge corporations and the wealthy when they pledged not to raise the debt ceiling.

Obama just has to sit back and let the GOP take the blame for economic chaos. But don't kid yourself, he is Illuminati and he is playing his part in the charade.

I don't think America will go over the brink, but I think it may flirt with it.


Makow - Fiscal Cliff Increasingly Likely & Desirable?
Related- Obama the Political Equivalent of a Suicide Bomber?
Geithner - "We're Almost Out of Runway"

"If all bank loans were paid, no one would have a bank deposit and there would not be a dollar of currency or coin in circulation.  This is a staggering thought.  We are completely dependent on the commercial banks.  Someone has to borrow every dollar we have in circulation, cash or credit.  If the banks create ample synthetic money, we are prosperous; if not, we starve.  We are absolutely without a permanent monetary system.  When one gets a complete grasp upon the picture, the tragic absurdity of our hopeless position is almost incredible - but there it is.  It (the banking problem) is the most important subject intelligent persons can investigate and reflect upon.  It is so important that our present civilization may collapse unless it is widely understood and the defects remedied very soon."
    Robert H. Hemphill, for eight years credit manager of the Federal Reserve Bank of Atlanta

First Comment by Thom Beecham

This left/right budget/debt ceiling battle all seems to be very intentional and deliberate. Imagine if there are defaults, etc. The globalists can come out of this saying they had nothing to do with it.

Imagine if this goes forward. We could see interest rates rise, and asset prices fall around the world. And the US will be looked upon as the bad guy, which is the plan. Think about the implications.

As I always say, done by design...

Technically are correct about buying things for nothing. However, the debt still is there and someone owns it. I think you and I know who these people are. They are the Globalists, the Synagogue of Satan, the Illuminati, etc.

You and I also know that whoever owns this debt also controls the borrower. This is why we are seeing the United States sink into the abyss. It really has become a satanic nation, and this satanism has contaminated everyone who lives in it.  This dark force has usurped control of the US government, education system, media, etc., and I would venture to say that the US is probably now the most evil nation, and that is because the debt holders want it this way.

The debt will never have to be repaid as long as the United States continues to become more and more evil and does whatever these satanists want. If there was a national repentance on par with Jonah and Nineveh, the economy would collapse overnight and the debt would then matter.

The debt may be fraudulent, but the debt is very real to those laboring underneath it. This is why the real economy continues to falter. The cost of the debt is greater than what the economy can service, and monetizing 85 billion a month just cheapens the dollars that are already in circulation. Anyone who doesn't have assets that can keep up with this monetization will continue to fall further and further behind.

Comments for "Default? Don't Put it Past Them! "

Ron said (October 7, 2013):

America should DEFUND the NSA, CIA and IRS as they are now being used as weapons against US Citizen's and foreign nationals. Defunding the IRS is a no brainer. Flat Tax.. Everyone pays the same rate.. DONE. Defund the NSA.. The money saved will pay off the national debt in less than 10 years. Defund the CIA.. This will allow the US to put every child through college with room and board for 8 years.

Education is the only key to realizing Freedom and Liberty. Ignorant surf's cannot fight back on a level playing ground.

We are the 99%.. The 1% must once again learn how to fear us !

David said (October 6, 2013):

Let the government default. It's all made-up digits in cyberspace, electrical impulses that translate to some huge stratospheric dollar amount that can never be repaid anyway. Ancient Rome used to have "jubilees" every 50 years when the unmanageable public debt was simply wiped out and reset. This is what governments been doing to their people since the time of Julius Caesar. Fractional reserve banking is designed solely to keep a nation's population in perpetual debt servitude to the money addicts anyway. Other nations besides the United States have kicked out the IMF and jailed the banksters, and their economies suddenly start rejuvenating.

Deadeye Dick said (October 6, 2013):

Hi Henry,

I'd like to take one issue with your article and Tony Blizzard's quotation.

Namely, I submit that government money SHOULD in most cases be lent into existence rather than spent.

There seems to be a healthy consensus building in the "truthosphere" that Ron Paul and the Austrian School were a big con. I think the fight we'll need to move into is whether money –
as Alexander Hamilton envisaged it – is an instrument of credit, or if it's simply grease for the wheels of purchasing power.

Here's an example. Let's say we want to build a new system of bullet trains at a total cost of $1 trillion. There are two ways to do it with a national bank:

1). Purchase $1 trillion in bonds (IOUs) from the states at 0% interest and 100 year maturities. The national bank creates $1 trillion in new currency, adds $1 trillion in national debt, and
the states use the new currency to pay for labor and materials. The states must return $10B/year ($1T/100) to the US Treasury. Keep in
mind that there is now $1T in new currency circulating in the economy, which can be captured through taxation. This is the essence of a credit system.

2). Simply issue $1T in currency, and spend it on the labor and materials.

What's the problem with #2? It's like flying a kite without a string.

If the money is lent and returned (credit), it can be re-lent for other projects. National debt becomes a circulating system, where
the "IOUs" in the economy are determined in large part by public needs. You add new credit (money) into the system as the economy can handle it – ie until you reach full employment, as new
technologies are available, etc. The national bank, on order of the congress, can issue credit in a volume and for purposes appropriate
to the public interest (namely infrastructure, industry, agriculture, student loans & home mortgages).

If, instead, the money is created anew and set adrift in the economy, it dissipates into non-productive areas, and new currency
is continually needed. Imagine a wood burning stove with the door wide open. You're going to need more wood and more oxygen to produce the same level of heat you'd have by closing the door and the flue.

I think most of us can by now agree that we want public, fiat money. But to prevent over-inflation and to preserve some public control over what that money is used for, the best system is a
credit system.

Tony B said (October 5, 2013):

The one thing not made clear in my statements, or in Hemphill's, is that money, to be honest, must be created and circulated in PROPER RATIO TO EXCHANGES. This means that the amount circulated must be monitored to, paraphrasing Edison, take care of all exchanges but not allow speculation of it.

The willful ignorance of libertarian types immediately poo-poos this necessity as something government cannot be trustworthy to do. However, the truth of history is the opposite. Government, for good reason, does keep the ratio as proper as it can, it has always been the private bankers who manipulate that ratio to circulate too much of their phony debt (sowing their crop - inflation) and then calling in loans ahead of time and refusing new ones, shrinking the circulating medium causing massive defaults to their gain (reaping their harvest - deflation).

Also, the truly wrong way to create money is to make it a commodity, another means of manipulation for illicit gain by the bankers. Proper money is created on the credit of the people of the nation, this is NOT "nothing," it is the legitimate origin of honest money. Money created as bank credit, on the other hand, is creating it out of nothing as that bank credit is a fraud.

The greatest crime of our exchange medium is that a criminal congress has unlawfully made this fraudulent bank credit the nation's legal tender.

Jenifer said (July 26, 2011):

In Across the Plains (p. 100), Mr. Robert Louis Stevenson says of the Jews in San Francisco:

"Jew storekeepers have already learned the advantage to be gained from this [unlimited credit]; they lead on the farmer into irretrievable indebtedness, and keep him ever after as their bond-slave hopelessly grinding in the mill. So the whirligig of time brings in its revenges, and except that the Jew knows better than to foreclose, you may see Americans bound in the same chains with which they themselves had formerly bound the Mexicans."

Does this describe the US debt situation today?

Debra said (July 26, 2011):

I'm by far not a financial expert but whilst printing money out of thin air is a problem and wrong, the primary crux of the issue is "Usury". Get rid of Talmudic usury. Things would change for the better. I'm a student of Biblical Law not the Talmud but the U.S. et al are following Talmudic law.

Bob said (July 25, 2011):

"Moreover, government created money is properly NOT loaned into existence at all but SPENT into circulation for legitimate government projects, there to stay and oil the economic wheels and cogs."

The key issue is the monopoly of credit and the centralized control of economic policy that any such monopoly, whether public or private, accords an elite within society. Taxation (on a much smaller scale than we have today) should give the population an effective say regarding government actions; the proposal for new money to be spent into circulation for "legitimate" government projects really gives the government carte blanche to do as it pleases.

A democratic approach would involve issuing new credit in the form of universal dividends to the population as a whole.

Dan said (July 25, 2011):

Wow. People should pay attention when Brzezeniski rolls out to say these things because he's got a documented track record of chaos creation that goes back 35 years. Who created the Taliban, Al Qaeda? Who toppled the Soviet Union?
Zbiggy. Brzezinski, that's who.
Remember Zbigniew Brzezinski doing a speaking tour in Jan-Feb 2009 predicting "class warfare" riots in U.S. cities? Keep in mind this is the man who said to an elite audience that same year ""To put it *pungently*: in earlier times, it was easier to control one million people than to physically kill one million people; today, it is infinitely easier to kill one million people than to control one million people."
Brzezinski has also taken credit for engineering luring the Soviets into the quagmire in Afghanistan that vaporized the Soviet economy, resulted in the famous 1980's scarcity of goods in the USSR, that helped fellow Knight of Malta Mikhail Gorbechev collapse the Soviet government.

Why don't people see that when someone of Brzezenski's background speaks he's not using tarot cards to predict urban unrest. In 2008-2009 street riots were the last things on anybody's minds in America, because never in history had Americans trusted Uncle Sam to either restore exponential prosperity, or subsidize them.

Henry Makow received his Ph.D. in English Literature from the University of Toronto in 1982. He welcomes your comments at