Economic Meltdown + Matrix Tracking Cryptocurrency with James Corbett



you tune in for the global perspective let's enter the buzzsaw James Corbett is joining us today he's the host of the Corbett report which is a fascinating show that I urge everyone to watch and he also edits easy editorial writer for the International forecaster so we'll be discussing the temperature of the International economy James thank you for joining us thank you very much for having me on it's a pleasure to be here absolutely thank you actually the first thing I would ask you was what what drew you to relocating to Japan it's been what 12 years you've been over there now well I was a young man I was looking for a way to basically kill you and do something interesting find a way to travel and support myself like while I do it so I literally typed teaching English into Asia into a search engine the first thing that came up was this company in Japan and I applied and before I knew it I was here it had nothing to do with political or economic considerations it was just a young man trying to strike out in the world and I really only plan to stay here for one year but when you're turned into two three seven twelve now I've got a family here so I'm pretty much settled in yeah well it's a wonderful country and actually the one the first thing I want to ask you was you know back in the 80s Japan was really exposed to be like you know the Rising Sun right that's where the economy was was supposed to be go the world economy was supposed to be going in that direction they were tremendous creditors the United States and they were buying up real estate and that was really the threat right much more than China and here we are in 2016 and even though Japan's economy is still considered strong it's nowhere near what it was before and yet there what happened to that to that banking structure in the financial structure of Japan and visa vie what the US has basically put made it do it force it to do economically that has really sort of crippled what what at one point was supposed to be the Japanese future for the planet that's an extremely important question because in some ways what happened in Japan is a sort of template for what we're living through right now not an exact analogy but there are a lot of peril and what happened in the 1980s in Japan was fundamentally part of a central bank created bubble that filtered its way into the the property in real estate markets here that created just this insanity in the Japanese markets it's called the the bubble era and I've heard people here talk about it and it's just craziness what was going on here people putting gold leaf on their Adhan to eat just because they could you know for no real reason that kind of insanity was was happening here and it started because the central banks started mandating actually requiring banks here to meet certain quotas in terms of lending money into the economy and in order to meet those quotas the banks just had to Spacek Elyse tart giving the money away and they were they were signing people up for her second and third mark mortgages who couldn't possibly afford to to pay them and it became just this insanity that fed into itself that created this bubble and of course when the central bank throw on the brakes to that that policy and stopped basically stopped the the gravy train from flowing of course that all collapsed the property market collapsed that basically started this twenty twenty five year recession now that Japan has never been able to really pull itself out of in part because of the zombie banks and zombie corporations that were allowed to live on government life-support and we're never allowed to to fail in the way that they should have after that Fiasco so in many ways that's analogous to what we're living through right now which is a central bank created bubble that has inflated the equities markets over the last several years to the tunes of trillions of dollars and that's not coming from conspiracy theorists james corbett that's coming from the OM FIF that's coming from the BIS that's coming from Federal Reserve former chairman alan greenspan they've all talked about this bubble that has been formed since the Lehman collapse by the injection of trillions of dollars of liquidity almost directly into the markets by the Fed and other central banks right and obviously they're not putting on the brakes it would seem at this point and they're just continuing to basically lower interest rates and to continue this whole process I mean we heard for years about this notion of we can actually go to negative interest rates and basically continue to feed the bubble but just go back to the analogy Japan did the u.s. play a role as far as imposing certain who's they said putting certain pressures on the Japanese central bank and or and basically putting in the position where they had to put the brakes on their liquidity there there has been consorting of various sorts that go on and there obviously the the American economy and American considerations have a huge effect over what's been happening in Japan but I think that was more of an internal decision that was playing itself out there towards the end of the 80s that was dominated by the the economic logic of what was happening and the fact that at a certain point bubbles although they create this this wonderful time forth for the average person at a certain point they become problematic and become unreasonable and they start to skew trade imbalances so I think the central bank realized it had to put the brakes on one way or another regardless of outside influence but I think you can look at the the the the general building of the Japanese industrial bubble from the end of the Second World War up until the 1980s over all that has to be seen in terms of Japan's relationship with the United States and its relationship specifically under the US military umbrella as basically the u.s. proxy in the asia-pacific region right and so given the USA's current situation where we've created we are creating this bubble whether it's in the commodities market we've seen it obviously previously in housing markets why is it that we haven't seen the hyperinflation kick into night states how is it that we've been able to sort of globalize our inflation and bring it and bring other countries into this this scheme of a devaluing dollar right I mean it's clear that the dollars value just we know since the creation of the Federal Reserve it's probably gone down at least 90 percent in value but the notion is that it's continue to devalue but how is it that we haven't had to been forced into a situation of a massive inflation or a massive you know financial collapse here in the US well that's that's a good question let's tease it out in a couple of different ways because when you talk about the value of the dollar there are different ways to evaluate that not just the purchasing power and what can what you can buy with the dollar but also now in the age where there Bretton Woods has been abandoned for 40-plus years now there is no central anchor to the world economy the way that $35 per ounce gold was the the central anchor of the Bretton Woods system now that that's gone all you can do really according to the the in an international sense is measure currencies against each other so is the US dollar going up versus the end is it going down versus the Australian dollar all of that kind of a comparative evaluation which is what is is the guide that is generally used now so you have the US dollar in index which is weighted the US dollar against a number of different currencies and on that index for the last several years last few years the US dollar has been on a tear absolutely going up and up it's started to come down this year but for the last few years it's definitely been competing better than all of the all of the other currencies it's the best looking a house on a bad block kind of phenomenon so from that perspective the the central bankers get to to manipulate perceptions and I think that's part of what's going on here the other part that you mentioned that I think is important is globalizing inflation inflation of the money supply I think that's an important part of it because what we've seen happened since the collapse of Lehman and the injection of all this liquidity is the internationalization of investment because of course investors looking for returns are not going to find it at in internally with with bonds being so extremely non returning at the moment down to you know a quarter of a percent there's just no return there so they've started going offshore which is exactly why when the feds started putting the brakes on quantitative easing and started unwinding QE 3 we started to see that money flooding back in from all of the the places around the globe in the developing markets where it it it that money had gone seeking returns of ten or fifteen percent all of that money coming back into the US as QE starts winding down and the gravy train starts looking like it at least won't keep accelerating any further if not actually putting a brake on it and so that's why at this moment really I mean the global economy is dictated by the central banks and really by the Federal Reserve if the Federal Reserve decides to up interest rates or its federal funds rate target again this year we're going to see that that kicking even harder and probably hit developing markets even even further or as is equally likely I think they they might reverse and go back to zero percent or into negative territory it is certainly possible and again that has global implications and I think the only two questions on the table really are how long can they continue the Central Bank bubble that we've seen over the last several years and how long do they want to continue it because unfortunately for those with an agenda of global control there is value to popping that bubble at a certain point mmm exactly so so talk a bit about what that financial collapse could look like because many people are speculating on this notion of the system overheating in the ultimately the real stock crash coming as races fall others say by next spring what would that how would that serve an overall consolidation of power I mean obviously we saw the last round last collapse in 2008 that actually was this banking you know collapse of Lehman and it was a Bear Stearns only consolidated the banks even more I mean that's what we've been seeing over time just the consolidation of banks so that most people most depositors in the United States for example are banking with one of the form the four majors right and that's that consolidation just continues to occur and is that what ultimately this is about why they would collapse the economy would just to help consolidate the overall financials machine that is an extremely important part of it and you're exactly right we did see a consolidation after Lehman a couple of players got shaken out of the markets but of course the major players the big ones JPMorgan Goldman Sachs the big ones benefited in the ways that the big players generally do in these types of crises beyond just the consolidation which is I think again it is an important concern but also there's a couple of other factors that go into this one example you could look at the eurozone and the problems obviously that have been occurring in the eurozone over the last several years as Greece and Italy and Portugal and other economies like those are on the brink which could take the entire eurozone down with them if they crash and burn in a spectacular fashion which is why we see Germany were very reluctantly providing the kind of bailout funds to to Greece but in although it seems completely counterintuitive the response to this failure the self-evident failure of the unit of the monetary union is to actually consolidate further power in the hands of the European Central Bank now the reason it's failing is not because we're joining all of these very disparate economies together at the hip it's because they don't have a single fiscal policy that is centrally controlled by the European Central Bank so now we need more power to to bring this back in under control and unfortunately again if your agenda is for centralization of control then the only thing you really need to do is create the chaos or allow chaos to happen most more generously and then step in as the savior and we have specific recent historical examples of that exactly as you mentioned right after the Lehman collapse people might remember the London g20 back in April of 2009 when the g20 started to surpass the g7 create a structure as really the key structure that that markets and and commentators look to and at that one not only did we have Gordon Brown and at the time Prime Minister of the UK and others talking about we need a new world order to save the earth that was literally a quote that came out of that but also specifically we had for example the Bank for International Settlements setting up a Financial Stability Board under its umbrella at that time as part of the the chaos that was happening and and that was invested with the power to start the process on investigating and creating white papers on a number of topics including the bank bail in schemes that we started to see we've seen in Cyprus we've seen that floated as an idea when we saw the Greek banking crisis last year we've seen this idea coming up it's been formalized in in an Canadian law at this point so bank bail ins are a possibility in Canada and this is although almost no one knows about it this is actually part of a regular taury framework that is being created through white papers that's being created by this Financial Stability Board and is now being slotted into law in the various member countries of the g20 including Canada so these types of mechanisms facilities organizations are created fostered expanded and given more powers in the wake of catastrophic failure and I think that's exactly what we can expect to see in the wake of the next catastrophic failure which is why I think we saw for example in 2014 we saw the Bank for International Settlements coming out and saying there's been a vastly elevated asset bubble that has been created by central banks and this is very worrying and the International Monetary Fund has made similar statements it's because I think these organizations are positioning themselves as look we told you what happened and we're the ones who are going to be here to help when everything goes to goes to hell in a handbasket what do you make about this idea that they're actually going to restructure the currency itself into cryptocurrency and that actually the notion of Bitcoin was really just the beta test to see how it could be how it could be done and worked out and then basically they're gonna transfer basically yes once they once the next major collapse occurs they'll use that as a staging ground to get rid of cash altogether and all physical convertible you know instruments into this digital economy where who knows people will be chipped or what I mean but the point is that they're already putting the chips into the credit cards right so it's as though they're moving more and more into this digital domain is that what you think that would that be a benefit to the central bankers absolutely so and precisely and specifically for the reason that of course when the economy is cashless or at least mostly cashless and then bank runs become a thing of the past you can't go to the bank and demand your cash from your account all you will have is the digital tokens which supposedly signify the wealth which is an abstraction of an abstraction of an abstraction by this point and I think the the agenda towards instituting that cashless society is undeniable I recently started an open-source investigation on corpora port comm where I have members all around the world contributing stories from their own part of the globe talking about oh you know this this cashless program has been instituted in this city or the the countries pushing for this system so you can go and read through the list literally country after country after country after country all around the globe with these various cashless systems that are now being not only instituted but heavily promoted and sometimes propagandize directly by the government's to the people I think that's the long term agenda and obviously there's a lot that will happen in the meantime but I think that's definitely where things are heading and already starting in in many countries electronic payments are starting to become the majority of all payments I think that trends going to continue but of course the key point of cryptocurrencies Bitcoin things like that is that those are pseudonymous not anonymous but you can you find ways to make them anonymous of course when governments implement something of that sort it's not going to be pseudonymous it's going to be linked to your biometric data or however they decide to do it maybe a government-issued ID in order to get online which has been talked about and floated several for several years now and we've started to see test pilot programs that the US government is already running right now for a government not a government administered but a government approved form of ID that people can use for certification in the same way right now people might use their Facebook ID to log into the comments section of various websites in the future that will probably be a centrally controlled or administered type of database that will be approved by the government and that's just the step away from having the the idea of having to log in to get online in the first place and once you have the cashless society that means that really the the matrix control grid at that point is in place the ability to buy and sell wood will be tied to your personal identity and by by any hope of anonymity online or anywhere else right exactly and then just as far as I'm looking at the global order I know that you're very interested by interested by Iran for example and how I'm curious to see how this this new round gonna go shishun really has brought forth the idea of bringing Iran into the world monetary system right with the World Bank and IMF so is that what you think this is ultimately about with this whole nuclear negotiation is really just to try to bring Iran its assets under the auspices of of the world banking structures I wouldn't say that that's all that that's about I mean I think there's also the the economic military considerations that have to be taken to into account in a larger strategy that's taking place right now to form battle lines of the 21st century between some sort of NATO block versus some kind of China Russia Iran access something along those lines I think is being set up right now and I think that's part of this but I think you're right then at least part of the agenda is ultimately to get players like Iran on board you know full members in full standing WTO World Bank International Monetary Fund getting them into that control grid is absolutely essential and that's why we see there there's a remarkable overlap between people who resist those those those institutions and people who end up getting assassinated destabilized or or put on the hit list so to speak not only of course Gaddafi in Libya but of course now Assad in Syria and North Korea of course also on that hit list and that's not to defend any of those governments per se but it is to say that there is obviously an agenda towards getting all of the players on board on the same table and I think we see that playing out and that's I think that's the fundamental conflict that we see shaping up in the years ahead exactly yeah would you rather take silver or lead right the question that is when it comes to some of these convert abilities using for example Swift banking you've been pointing out how the Chinese are ready to actually abandon the Swift trans the Swift codes what what does that mean for the global economy and just give people a little bit of a have an intro into what what's a cow Swift is used and what that would actually mean for the global economy Swift is basically the ways that the banks it's it's a clearing mechanism for banks to use for international payments and it is it is supposedly nominally no under the control of any government but we that was given the lie a few years ago when of course the US pressured Swift into D listing Iran so that the Iranian banks couldn't really communicate with the outside world and it effectively shut them off to international the international payment system now that's obviously an incredible amount of economic pressure that can be brought to bear on any would be you know rogue target of the US Empire or any of its allies that can obviously wield enormous amounts of power which is clearly why it makes absolute perfect sense for China to start the construction of its alternative international payment system and I can't remember the name of that off the top of my head but as far as I know it's already underway sips or chips yeah see you there and of course this is specifically to link into the a similar international banking framework that would transact in yuan payments so we see that alternative structure being set up right now now I think that this is ultimately part of the again the long-term goal is consolidation of all of this power in the hands of a single global entity but we are obviously still very much divided in the world at the very least in terms of these regional rivalries and and sort of Greater power blocks and I don't think that you can springboard over that step step straight into a world government which is why I think the creation of alternative or counter institutions like the BRICS and things of those nature are really just a stepping stone towards that end goal of global government you have to have regional governments that play play adversarial roles I think to placate the public as they give up more and more and more of their sovereignty to these larger and larger organizations and at the end of the day then it becomes a question of simply switching out the NATO flag or the BRICS flag for the global government flag and mission accomplished that's a fascinating take on it I mean I I try to be more optimistic and hope that there's there's some systems left that will promote nationals or preserve national sovereignty but you might be right ultimately we have they have to create the chaos right they have to create the end of me and the disorder you know or tell us when they create the order that comes from order out of chaos yes but also we have to keep in mind that national sovereignty is not fundamentally opposed to the idea of a global system because again it's a question of if subsuming your individual I rights identity into a collective once they do that at the nation-state level they can do that at the regional level once they do that at the regional level it goes to the global level if the centralization of control is the ultimate and goal of all of this then decentralization has to be the key and be centralizing from regional to national is part of that process then national to local and then local to individual at the end of the day it has to be about individual sovereignty well spoken absolutely people are able to go to corbettreport.com they can read more of your articles and see your interviews there obviously there's a lot there's a lot available so I think we should leave it at that for now but I appreciate your time and very much would love to get you back on at some point in the future we can discuss even more as things evolve any time thank you for having me thank you James are there you go folks some great insights from James Corbett and as he said at the end there it's so key that we have to get back to this notion of personal sovereignty and the sense of who really controls our reality and that begins with our perception and that which we see that which we expose ourselves to and believe in so we hope that you watch shows like this programs like this go to corbettreport.com and share the insights that are available to you from these types of alternative outlets this is Shawn stone signing off

22 thoughts on “Economic Meltdown + Matrix Tracking Cryptocurrency with James Corbett”

  1. The United States of America's Dollar has a balance of electronic money creation (direct deposit) and paper and coins currency.

  2. Bubbles are due to earth's core on former different timelines being sealed off. Eventually, as these former timelines went into oblivion earth’s core imploded. Our earth’s core has been sealed off. Our earth’s core will not implode. Past economic “bubbles” are reports from other timelines regarding the timelines earth's core. These timelines are also known as schizms. Schizophrenia was staged on people above ground, so they could be used while underground to travel to the timelines and give reports. Our earth does not have the capability to create another timeline. Creating another timeline was accomplished by going to the past and changing events with the intention that the new timeline created would have a better chance of survival. None of these timelines survived. Our earth no longer has the ability to time travel in this manner.

  3. Love your show Shawn, and I also love James Corbett. I'm looking foward to more informative, and intriguing episodes!

  4. Will Corbett ever be invited to be a guest on anything other than youtube conspiracy theory horse shit channels?

  5. We got only 3 States on Earth which are not a Company Construct, Syria ( which is falling ), Iran and Cuba
    Am I right ?

  6. this will probably be my favorite buzzsaw episode since sean went solo – you can't get a better guest! great work!

  7. Just for the record: James Corbett has been in my bookmarks since forever. He is without a doubt one of the top ten most relevant real journalists and analysts of this young century. Chapeau, Jimmy. And … banzai!

  8. Just give the Rothschield Zionist a little time and the great depression will be here again. At least we had various political parties back then. Now, only Bernie Sanders is relevant. They will print money to their hearts content and when it suits them they will dump everything and make money, real estate, and most things worthless. This same FR banksters will step in and buy up all our resources for pennies on the dollar while we stand in soup lines. They have conditioned the people for such a scenario.

  9. A + Readers Digest condensed version of this activity all as Fall & Spring rolls around on this third rock from the Sun. Well worth the time of a thinking Critter.

  10. “Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.”
    -Henry Kissinger

    “He who controls the present, controls the past. He who controls the past, controls the future.”
    -George Orwell

  11. BRICS system is against Petrodollar but not against Usury. Also, they are still using bogus paper money, not using gold and silver as a legal tender or money.

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