Topic: Banking Crisis

The 2019 repo crisis is identified as the catalyst that forced global planners to pull their agenda forward by a year to prevent the collapse of the Euro area. This acceleration skipped traditional trial phases for vaccines and digital currencies, landing the world in what Catherine Austin Fitts calls the "global invention room."

The Canadian monetary system underwent a significant change in 1974 when the Bank of Canada began following directives from the Bank of International Settlements in Zurich. This shift moved the country away from low-cost government-created money toward a debt-based system controlled by private banks. Hellyer argues that this "Money Mafia" monopoly on credit creation has resulted in an inescapable global cycle of interest and debt.

The Vatican Bank's origins are traced back to the 1929 Lateran Treaty signed by Benito Mussolini, which re-established the Vatican as a sovereign state. Annett claims the bank is currently facing an extreme credit crisis, with its lack of transparency leading to warnings from the Bank of America and the SEC. He highlights "concordats," treaties that allegedly channel taxpayer money from over 100 countries, including the U.S., directly into Vatican coffers.

Following the 2008 collapse of its hedge-fund-based economy, Iceland chose to arrest bankers and refuse fraudulent debt rather than bail out the shadow banking system. This unconventional approach resulted in an economic recovery twice as fast as other European nations that protected their financial institutions.

Philip Coppens analyzes the failure of the Euro and the European Union's attempt to create a pan-European identity, noting that national borders and political power remain entrenched. He describes the global economy as a "roaring monster" with no one in charge except for banks by default. He compares the 2008 financial crisis and bad mortgages to children staying out late because no one set rules or regulations for their behavior.