Originally posted March 7, 2017. Reposted because of attempted censorship.
In 1938, Austria was in deep Depression. Nearly one-third of our workforce was unemployed. We had 25% inflation and 25% bank loan interest rates.
Farmers and business people were declaring bankruptcy daily. Young people were going from house to house begging for food.. Not that they didn’t want to work; there simply weren’t any jobs. My mother was a Christian woman and believed in helping people in need.. Every day we cooked a big kettle of soup and baked bread to feed those poor, hungry people – about 30 daily.
The Communist Party and the National Socialist Party were fighting each other. Blocks and blocks of cities like Vienna, Linz, and Graz were destroyed. The people became desperate and petitioned the government to let them decide what kind of government they wanted.
We looked to our neighbor on the north, Germany, where Hitler had been in power since 1933. We had been told that they didn’t have unemployment or crime, and they had a high standard of living. Nothing was ever said about persecution of any group — Jewish or otherwise.
We were led to believe that everyone was happy. We wanted the same way of life in Austria . We were promised that a vote for Hitler would mean the end of unemployment and help for the family. Hitler also said that businesses would be assisted, and farmers would get their farms back. Ninety-eight percent of
the population voted to annex Austria to Germany and have Hitler for our ruler.– Kitty Werthmann
Dear readers, just substitute Democrats for the communists, and the nationalism of Donald J. Trump for the German National Socialists, and you get the political gridlock of Austria. Hitler was voted in; he did not have to conquer Austria. And so shall the Americans end up voting in the next tyrant whether it be socialist or nationalist. What proved to be decisive was the social context within which Hitler came to power, and I would just say the Khazarian Mafia banksters through their irresponsible monetary policies have set the stage for a replay of Germany and Austria. And once again the Jewish minority is dithering thinking that the unimaginable cannot happen. What they have to ask themselves is whether the geniuses at the Federal Reserve can hold this house of cards together or whether like 2008 too much debt unravels and brings down the house. Janet Yellen? Stanley Fischer? People of this sort do not inspire much confidence in this observer. While Alan Greenspan was a political toady, he did not fall victim to his own propaganda. He still understood the only solid foundation was a gold based system that limited the money printing, that had led to overcapacity of production and underconsumption that prevented the clearing of goods on store shelves. Thanks to the Fed geniuses overcapacity and underconsumption has been internationalized, and now is unraveling. World GDP is not keeping up with the growth of world debt.
In particular, government and corporate debt is well above the GDP growth rate. One has to suspect the ability to service such debt is unsustainable given actual GDP. As households, for example, tighten their belts that has to translate into the purchase of fewer goods and services in the world economy. And that is precisely what one sees in the data, sluggish GDP growth, and of course increasing government debt requires ever more revenues, i.e., higher taxes, to service it. All in all, the world economy is slowly grinding down and will stop! Not in the literal sense, but in a purging of the financial system through bankruptcies, defaults, and liquidations. Precisely, the context that Kitty Werthmann cited in her little essay.
*Note: a repost of an article posted much earlier during the Obama administration. However, the social context being engineered is precisely that of pre-World War II Germany. Replete with a coming hyper-inflationary depression, that will get the highly indebted Donald J. Trump off his $315 million hook that he owes to creditors. Why I believe the Khazarian Mafia banksters did not resist very hard his election victory. Indeed, there is every reason to believe Trump, like Obama was selected by the Deep State and the bankster fraternity. The only way for the financial elites to extract themselves from the debt mess is to inflate away the dollar and then repay said debts with worthless dollars. Anyone not in gold and precious metals will be wiped out. And I must note that the Rothschilds are liquidating their positions and moving into gold like Khazarian mobster, George Soros, and other Wall Street types like Stanley Druckenmiller.