The Collapse of Babylon: The Tectonic Shift in BRICS+S

March 29, 2023

By James Grundvig, American Media Periscope

Since the start of the Covid-19 pandemic in 2020, the endless printing of money by the U.S. Federal Reserve and other central banks around the world set a dangerous precedent. By super inflating the ‘Everything Bubble’ the bill comes due this year.

[Credit: Jillian Liddy, American Media Periscope]

Why? Today, the mountains of debt far exceed the Great Recession of 2008. The Fed failed to address and fix the structural issues in the financial markets back then. “Quantitative Easing” liquidity creation at the lowest interest rates ever generated a hundredfold more debt. Add factors not seen in any previous downturn, from the Great Depression to the Dot Com Bubble, and the response to the pandemic with forced protocols, mandates, and countermeasures unleashed a flock of Black Swans ready to splash down.

The Vaccine Damage Project estimated that the economic damage due to the Covid-19 response exceeds $147 billion with “tens of millions injured or disabled.” The estimate doesn’t include the economic toll caused by the lockdowns.

On that end, the American Institute of Economic Research October 2020 report, “The Devastating Economic Impact of Covid-19 Shutdowns,” summarized what actions the Fed took at the start of the lockdowns.

“On March 15, 2020, the Federal Reserve, in response to the coronavirus pandemic, cut the Fed Funds Rate to 0% and initiated several 2008-era liquidity programs, in addition to a $700B quantitative easing facility.”

Over the past three years, the Fed printed more than $9 trillion. In 2020 alone, the Fed printed one-fifth of all U.S. dollars in circulation with $3 trillion created out of thin air; by October 2021, that number blew up to “80 percent of all U.S. dollars in existence,” according to TechStartups.com.

Global Financial Meltdown

It should come as no surprise that the Federal Reserve backed into an inflation trap of its wayward policy, and moved to “tightening” at the fastest rate in history. It did it by increasing lending rates by 50 – 75 bps month after month since last summer. Unable to tame inflation this winter, Federal Reserve Chairman Jerome Powell aimed to raise the rates yet again in March when Silicon Valley Bank imploded under a bank run.

Two days later, the regulators took down Signature Bank on Sunday.

To prevent a stock market meltdown, the Fed injected $160 billion into the failed banks, $140 billion more to backstop FDIC insurance for depositors, and another pumped another $70 billion to prevent First Republic Bank from going under.

Since then, Powell’s plan to fight inflation snapped from tightening to “easing” overnight. Now there are rumors of rate cuts.

On my show “Unrestricted Truths” (Episode 313) last night, guest Juan O Savin put the Federal Reserve’s vacillating policy in perspective. In his view, he pointed out that “you raise rates to cool off a hot market. We are not in one. The Fed needs to cut rates to boost investments in the U.S. crumbling infrastructure,” which has been under attack and neglected since Joe Biden took office.

The Debt Bomb Overhang

Two weeks since the run on the small banks and ensuing bailouts, new issues in the financial markets cracked open fault lines last weekend. Amid the new turmoil, China’s holdings of U.S. Treasuries (“bonds”) reached their lowest point in a decade fulfilling its sharp decline trajectory since 2020.

Last Friday, China’s Evergrande Group, which missed several large bond payments in spring 2022, crashed to zero. Bankrupt. Insolvent. $2 trillion in assets—or was it all liabilities in bonds?—wiped out?

In November, CNBC News reporter, Evelyn Chang, covered Evergrande’s failing real estate holdings, writing:

“‘Stresses in China’s real estate sector could strain the Chinese financial system, with possible spillovers to the United States,’ the Federal Reserve said Monday in its financial stability report, released twice a year.” [Emphasis ours.]

The Evergrande failure ensued the near collapse of Credit Suisse Bank, which torched $17 billion in bond contracts to nothing—zero cents on the dollar return–when UBS acquired the Swiss bank. Then, Deutsche Bank, under mountains of debt, appears to find no way out of its dire position except for German or IMF intervention.

Not only would the collapse of Deutsche Bank be a “threat to the Eurozone,” but it would also crush the U.S. housing market as the German megabank insurances much of North America’s real estate market.

Somehow, these triple threats pale in comparison to what Saudi Arabia could do as it joins and aligns with the BRICS nations and its new financial system bypassing SWIFT and breaking away from the old financial system. By cutting away from using the U.S. petrodollar world reserve currency, if Saudi Arabia turns in its $2 trillion in U.S. Treasury bonds, demanding payment in two weeks, it would be game, set, and match for the U.S. economy and its financial markets.

CNN reported as much. So did Fox News. Strange bedfellows in the media landscape make, but they are right in red pilling viewers on the massive bond overhang that threatens to take down the entire financial system.

The threat loomed so large, Axios reported that JP Morgan Chase and Citigroup warned their staff not to “take advantage of stressed banks.”

So, in this fractured monetary environment will the Fed raise rates in April?

I am now leaning toward Powell cutting rates, per Juan O Savin’s keen observation.

Threats to the Babylon Monetary System

The biggest threat facing the thousands-year-old fiat, debt enslavement monetary system looms with the growing BRICS+S network of nations that now include 109 nations “secretly signing on,” according to Dave “XRP Lion.”

Juan O Savin did correct XRP Lion on one critical point.

The former military contractor didn’t say the collapse would happen on April 1st or April Fool’s Day. He said the U.S. is months if not a couple of seasons away. Savin also noted that the “Ten Days of Darkness” period, in which the U.S. military “White Hats” would take control of the government would come after a “Cuban Missile Crisis nuclear showdown” with Russia and/or China, and not after the financial crash.

On the shifting geopolitical plates, I asked Juan O Savin about the widening fault line between the 190+ signatories of the captured United Nations and World Health Organization’s pandemic treaty versus the 109 nations that “secretly” joined BRICS+S, which now include Egypt, Mexico, Germany, Turkey, and dozens more.

The nations that signed both the WHO’s pandemic treaty and BRICS+S charter are in a clear conflict of which way forward to govern the masses. Will it be centralized control by a one-world government? Or will decentralized control with commodities-backed currency and a trading system bypass banking and corporate gatekeepers?

Juan O Savin said: “The nations will choose a lane” in this economic war.

The two cannot co-exist. Only one can remain standing. Choose a side.

The ‘Great Resetters’

The final piece to the fallout from the tectonic shift in the Babylonian monetary system of control was who will be in charge after the demolition of the global economy. Will it be the ancient order known today as the “Great Reset” of the IMF, World Bank, and World Economic Forum? Or will the military White Hats step into the void installing a new financial system that mirrors the decentralized power of the BRICS+S bloc?

In the 21st century, the Great Resetters planned to engineer the demolition of its financial system. They did so for three core reasons.

  • Conceal their decades of financial crimes, stealing hundreds of trillions of dollars from people, stock markets, corporations, institutions, and governments around the world;
  • Hide their criminal involvement in the Covid-19 bioweapons attack, from the gain-of-function, lab-made virus to the gene therapy injections of mislabeled vaccines;
  • Strike fear in the global population and present the one world government as the only solution to save humanity from Klaus Schwab’s year of “poly-crisis.”

When will this happen? The burgeoning financial crises present all the hallmarks for 2023 as being the year of the Financial Reset.

Who will control the new financial system? Will it be the NWO’s central bank digital currency, built on the specifications of the Chinese social credit system? Or will the new Quantum Financial System (QFS) free the people?

We will soon find out.

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