"Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion ... Damaging deflationary spirals cannot be ruled out".
This grim assessment comes from an article posted at Telegraph.co.uk, that quotes a recent annual UN “Conference on Trade and Development” report. The article is entitled, "UN fears third leg of the global financial crisis - with prospect of epic debt defaults".
The writer’s name is Ambrose Evans-Pritchard and he’s one of Britain's most prominent journalists, known for his hard-hitting reporting. He's also the editor of the International Business section of the Daily Telegraph.
Here's how it begins:
The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history. It may also prove to be the definitive crisis of globalized capitalism, the demise of the liberal free-market orthodoxies promoted for almost forty years by the Bretton Woods institutions, the OECD, and the Davos fraternity.
Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion. "Damaging deflationary spirals cannot be ruled out," said the annual report of the UN Conference on Trade and Development (UNCTAD).
Notice the phrase, "greatest debt jubilee in history."
If you've been reading our blogs and publications, you know that for two years now , I've been writing about Shemitah Trends and the the Jubilee Year 2016. That's no accident. I long ago discovered that the world's elite organizers like to utilize both of these celebratory timelines to trigger catastrophic economic, sociopolitical and military events. Is it a game to them, or a kind of sly messaging? I don't know, but we can see them doing it again in this article.
Right up front, Evans-Pritchard mentions a global "debt jubilee" and no one mentions that by accident. We've written in the past (see the article here in January) about how the BIS's top economist William White used the phrase - and the writer who quoted him was none other than Ambrose Evans-Pritchard.
White claimed the world's overall indebtedness was such that only a global forgiveness of debts would suffice to correct global finances. And here, once more, is Evans-Pritchard raising the decibel level to four or five alarms.
Maybe we should simply discount his reporting. But that's probably not such a good idea. He's a very important reporter whose father was an agent of British Intelligence. An article like this isn't simply dashed off quickly. It has the ring of a declaration.
Here is the article's summary sentence, toward the bottom:
What is clear is that world will soon need a massive and coordinated spending push by governments to create demand and bring the broken global system back into equilibrium. UNCTAD is entirely right about that.
What UNCTAD is calling for is the exact opposite of a free-market solution. We're told that UNCTAD has stated what its execs believe to be obvious: Monetary policy is not working around the world. A "global new deal" is necessary, one to be directed by governments in concert probably with the UN itself.
Of course this program won't work either, but it shoves the world a good ways toward global government, which is the desired goal.
This article may be bylined with Pritchard's name but it is announcing the New World Order strategy going forward. Elites managing these programs intend to buy off the developing world with trillions of dollars of capital infusions. And they intend, it would seem, to alleviate the debt of the developed world via Jubilee.
This is how world government may be established, via directed bribery and money printing, not just intimidation and prison camps.
Pay attention to this article and to Evans-Pritchard. Writing this kind of article is his secret job. When there's something especially important to be said, his pen is usually tapped.
We noticed this mouthpiece aspect recently when he wrote (here) what was for all intents and purposes a press release for a new central bank cryptocurrency, RSCoin, At the time, I wrote about Evans-Pritchard, saying, “The article is horrible central bank happy-talk that reads like the Bank of England wrote it for him.”
There's no doubt this latest article is part of something bigger. "They" are preparing to move. Just last week, Barack Obama gave a speech at the UN where he said, “Sometimes I’m criticized in my own country for professing a belief in international norms and multilateral institutions. But I am convinced that in the long run,giving up some freedom of action — not giving up our ability to protect ourselves or pursue our core interests, but binding ourselves to international rules over the long term — enhances our security.”
In other words, he believes the US should give up freedom under the UN.
These statements are part of a long line of similar sentiments. George H.W. Bush, in 1991, was even more blatant, saying:
“We have before us the opportunity to forge for ourselves and for future generations a New World Order, a world where the rule of law, not the rule of the jungle, governs the conduct of nations. When we are successful, and we Will be, we have a real chance at this New World Order, an order in which a credible United Nations can use its "peacekeeping" role to fulfill the promise and Vision of the U.N.'s founders.”
And, in 2003, David Rockefeller admitted full guilt in his role:
"Some even believe we arepart of a Secret Cabal working Against the best interests of the United States, characterizing my family and me as 'internationalists' and of conspiring with others around the world to build a more integrated Global political and economic structure - One World, if you will. If that is the charge, I stand guilty, and I am proud of it."
And now Pritchard, the only “mainstream” reporter we know of who is mentioning the Jubilee, is warning of total collapse. This is the classic elite modus operandi.
Globalists love using mouthpieces like Pritchard to put the truth out in plain sight so after they have pull off their desired atrocities, they can point and laugh at the stupid plebs who had the truth right in front of their eyes all along. It also serves as a form of predictive programming, so when what they warn of what's to come, people are more easily accepting of it.
The Elites increased transparency regarding their intentions is a clear sign to take action to conserve your wealth. Even a comprehensive reflation and jubilee won't replenish your personal wealth. Chances are the handouts will be arbitrary and depend on your behavior and willingness to take orders.
Another article that demonstrates Pritchard’s association with the financial elites was published back on March 27th and was headlined, “Why America is Turning to an Englishman for Answers”.
Pritchard goes on to brag that he was the one who “"triggered a wave of disclosures" against former president Bill Clinton in addition to coordinating leaks and rumors that have thrown the financial markets into turmoil.
In fact, spies were and are regularly expelled from their host countries for doing the things Ambrose talked about, some even serve prison sentences. Nonetheless, Pritchard's bosses at the Sunday Telegraph seem blissfully ignorant of these espionage laws.
This is no coincidence. A guy like this mentioning the Jubilee is a clear sign that he is simply a tool used to move markets and create chaos - just one of many puppets that has immunity.
The Elites increased transparency regarding their intentions is a clear sign to take action to conserve your wealth. This collapse is going to be so bad that those who lose the least will be the best off.
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I have just released my 2nd edition of the book, “Shemitah Trends: the plot to enslave humanity and how to find freedom” on Amazon.
As we near the end of the Jubilee year and all plans have now been put in place for the NWO and the destruction of the West, this book, I hope, will serve to show people how it has all been planned for decades.
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We are now less than two weeks from the official end of the Jubilee Year on October 2nd. We discuss much further in depth what we think will happen over the next few weeks in the newsletter.
But, already, all of the pieces are now in place for the NWO and planned collapse. Now it is just a matter of time until they set off massive military, political, financial, monetary and economic chaos to usher it in.
Please be prepared.