Alt-Market: In a surprisingly candid admission, two former Federal Reserve chairs have stated that the Federal Reserve alone is responsible for creating all recessions in the United States.
First, former Fed Chair Ben Bernanke said
Expansions don’t die of old age. They get murdered. – MarketWatch
To clarify this statement, former Chair Janet Yellen placed the murder weapon in the Fed’s hands:
Two things usually end them…. One is financial imbalances, and the other is the Fed.
Think that through, and you quickly realize that both of those things are the Fed. Is there anyone left standing who would not say the Fed’s quantitative easing in the past decade was the biggest cause of financial imbalances all over the world in history? more …
Opinion: Want to see how the Federal Reserve controls markets?
Every dip brought some form of Fed intervention highlighted in green.
The most recent market plunge was not only caused by Fed chief Powell’s October 3rd remark: “interest rates were a long way from neutral”, but was stopped after the Christmas plunge when Powell backed off his October remarks: “The Fed is listening very carefully to the market”.
Someone or something will bring about the fulfillment of the financial collapse found in Revelation 6:5-6.
When it happens there will be a lot of blame beginning with out of control spending and massive government waste and debt. But the biggest threat to the global economy is central bankers who have become so powerful that they can print counterfeit currency and use it any way they choose, and then stop printing at their sole discretion.
Quantitative Easing (QE) shocked the world in 2008-9 as fiat dollars were created to bail out too big to fail banks. All the while the Federal Reserve kept their books private and there is no pending law to stop them from doing it again.
In fact the European Central Bank (ECB), is still creating euros and says it will attempt to stop in December 2019. With 8.5% unemployment the EU economy could be in for some serious turmoil without stimulus.
So if central banks (Federal Reserve, ECB, BOJ, Peoples Bank of China) are so powerful who do they report to?
Enter the Bank for International Settlements (BIS) headquartered in Basel, Switzerland. The BIS is a bank for central banks. On September 17, 2017 the BIS said “the world’s central banks can’t ignore cryptocurrencies and may at some point have to consider issuing their own”.
So what event could big enough to jolt the world into a new financial order? Perhaps a massive disappearance of tens of millions in one day as prophesied in 1 Corinthians 15:51-52 and 1 Thessalonians 3:16-17.
Thanks to Vason for finding this article.