Questions for this former portfolio manager at BlackRock, the investment management company; Dowd has gone public with his assessments…
by Jon Rappoport
February 18, 2022
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After listening to a recent interview you did, I have questions. I’m taking your remarks quite seriously, because you’re a financial insider.
You appear to be saying government debt has finally, after decades, reached an end point. Governments can no longer handle the interest payments. COVID will be their cover story. They will say, “Because of the extraordinary outlays of money to support companies and individuals during the pandemic crisis and the necessary lockdowns, we’ve gone into a very deep hole. Therefore, we have to rework the whole financial system.”
But this con will not be played out smoothly. People’s savings and investments will be wiped out. Once the news is leaked confirming governments are broke, all trading markets will crash. Government pension funds—gone.
Is this the scenario you envision?
What about individual bank accounts? Will they survive? If not, why not?
Up to now, governments have invented money out of thin air. Why can’t they keep printing it and further rig the system by declaring (with their creditors) that interest payments on government debt will be lowered and extended further into the future?
I fully understand the points you’re making about Pfizer and Moderna possibly going down, as Enron did. They committed, in collusion with the FDA, massive fraud vis-à-vis their vaccine clinical trials. Their safety data were lies.
I also can see, as you predict, a war between insurance companies and vaccine manufacturers, based on huge upswings in deaths as a result of the vaccines. The insurance companies have to pay out all those unexpected death claims.
But I want to form a clearer picture of your predictions about the financial collapse. I agree that The Great Reset is real. The powers-that-be fully intend to make it happen. A currency reset is one of their main objectives.
You seem to be saying that 2022 or 2023 is the year for the financial reset; and there will be much chaos and many riots. “Turbulence” would be a vast understatement.
So I’d like to see, in writing, the details on how you think this is going to play out.
For example, do you believe new sweeping lockdowns—blamed on “COVID”—will actually keep people in their homes and off the streets rioting—as they discover their savings and investments have been wiped out?
A new state of emergency amounting to martial law will be declared?
Government leaders will actually admit, publicly, that their debt is insupportable, and a new system must be put in place, NOW?
It would be valuable to read your fleshed-out scenario of the reset. Then we could SEE what might be in store for all of us.
The difference between an overall plan to wage war against the people and the battle strategy itself is enormous.
Looking at the strategy tends to wake people up.
“You mean they’re going to do THAT? And if we respond with THIS, they’ll do THAT…?”
Your position within the system gives you an important perspective. I hope to hear from you.
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The author of three explosive collections, THE MATRIX REVEALED, EXIT FROM THE MATRIX, and POWER OUTSIDE THE MATRIX, Jon was a candidate for a US Congressional seat in the 29th District of California. He maintains a consulting practice for private clients, the purpose of which is the expansion of personal creative power. Nominated for a Pulitzer Prize, he has worked as an investigative reporter for 30 years, writing articles on politics, medicine, and health for CBS Healthwatch, LA Weekly, Spin Magazine, Stern, and other newspapers and magazines in the US and Europe. Jon has delivered lectures and seminars on global politics, health, logic, and creative power to audiences around the world. You can sign up for his free NoMoreFakeNews emails here or his free OutsideTheRealityMachine emails here.
The people(not “them”) provide the ENERGY-Creativity , the paper is worthless, the digits are worthless. We(or I) don’t “owe” anyone that doesn’t actually produce anything beyond pieces of paper or mathematical formulations of “finance” ANYTHING. WE(or I) DON’T NEED THEM.
“They” are nothing but thieves, counterfeiters, and plagarizers.
There is no “debt”. All the money wasted on “their” wars and fraudulent schemes like this “virus” hoax, and their mind-control machinations…, FUCK THEM !
Parasites. “They Live”, off of US.
Withdrawing “investment” in this “world” is wise.
FUCK THEM AND THEIR “DEBT”. My SOURCE is UNLIMITED.
EXCELLENT RESPONSE and RIGHT ON THE MONEY! No pun intended. I have often said that if someone could tell me what the debt was IN, that I would send them 100 pounds free of charge and even pay shipping.
“…Keynes argues that inflation is a ‘method of taxation’ which the government uses to ‘secure the command over real resources, resources just as real as those obtained by [ordinary] taxation’. ‘What is raised by printing notes, ‘ he writes, is just as much taken from the public as is a beer duty or an income tax.’ ”
– 1980 Annual Report, Federal Reserve Bank of Richmond, pg 10
“All the paper money issued today is Federal Reserve notes. The real backing for the nation’s money is faith in the strength, soundness and stability of the American economy.”
~ The Hats the Federal Reserve Wears, Federal Reserve Bank of Philadelphia, pg 4
Faith is what backs our monetary system. YOUR faith. Do you still have faith?
“When plunder has become a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.”
~ Frederic Bastiat in “The Law”
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation,
governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”
~ 1980 Annual Report, Federal Reserve
Bank of Richmond, pg 6
Isn’t confiscation of the wealth of the citizens a nice way of saying STEALING?
“The Federal Government, with the cooperation of the Federal Reserve, has the inherent power to create money–almost any amount of it.”
~ The National Debt, Federal Reserve Bank of Philadelphia, p. 8
ALMOST? Why only ALMOST? What keeps them from printing ALL they want? You? Me? Your dog? A full moon?
Federal Reserve Notes are not federal, represent no monetary reserves and no longer conform to the definition of notes. Failing to state who, will pay what, when or to whom – they ceased to be legal tender notes, (offers of money) over 50 years ago. They are in fact instruments of legalized THEFT.
“Whenever the legislators endeavor to take away and destroy the property of the people, or to reduce them to slavery under arbitrary power, they put themselves into a state of war with the people, who are thereupon absolved from any further obedience.” ~ John Locke (1690)
If the money you earn has no value and you are forced through fiat paper legislation to take it for your labor, are you not having your property (labor) destroyed and are you not being reduced to nothing but slavery? Is not the state at war with the people?
You’re making way to much since..LOL..I totally agree
Source of the Keynes quote:
Keynes, J. M. 1924. Monetary reform. New York: Harcourt, Brace
&Co. [Chapter 2, Section 1: Inflation as a Method of Taxation], p.62
Term “odious debt” was coined after tsarists Russia collapsed due to cost of WW1. It was odious to pay for war racket, then. Why would a century later be any different?
Tim – You said it well! We can survive on our own – no drugs, no debts, no fear-mongering!
Coming to you from Brisbane Australia, where the vaxxed are unvaxxed, the naturally immune are insane, and the people have had enough.
Thanks again Jon…hopefully we get more details from Edward Dowd on how things will go down.
I would also love to see you collaborate with Steve Kirsch sub stack. Jon, Celia and Steve – powerful trio. You guys would be great together!
Celia Farber is wonderful.
Steve Kirsch is not so wonderful. Silicon Valley up the yazoo. Caught in the virus dream. Or is he? IOW, perpetuating the germ theory cage they’ve put us in.
Jon’s better off — and we are — staying alone. The Wolf At The Door.
Agree. Celia is great, but Kirsch is so obviously controlled opposition that it’s clear that questioning the existence of the virus is the only thing that the powers that be cares about not ever being taken seriously.
Of course, there is a major conflict between Jon and Kirsch. So I don’t see that happening, at all. (hint: Isolated)
Money has become an illusion, existing only for the benefit of those defining it’s credibility. Meaning, the crippling debt doesn’t actually exist. Meaning; it can be altered, or erased with the press of a few keys on a computer. Governments print money that doesn’t exist, and then pretend they can’t erase money that doesn’t exist. And because they lack facts to justify their fable,they make up a story based on fabricated fear, just like the virus.
So they can continue oppressing the people of the world. And we all know it’s a con because it’s common knowledge the wealthiest people in the world won’t lose a nickel in the Great Reset. That’s a given. Even the elites don’t deny it. And a few years ago this lie might have played out smoothly. Except the world has opened their eyes to the games of the scum sucking individuals of authority.
These monsters overplayed their hand with all the covid lies, election lies, and climate change lies, etc… and people all around the globe are choking on their bullshit… And if these sadistic monsters start going door to door for the keys to people’s homes, cars, and bank accounts. There will be bloodshed… And I would image there will be a multitude of Police and Military on the side of the common man.
So I hope the brilliant minds at BlackRock have a comfortable place to hide.
It is so good to see that more and more folks are seeing through their lies. Google Bruce McCarthy and read some of the booklets that are posted that he wrote before he passed. He was an amazing mind. We have been helping his widow get out one of his books. Lawful Money vs Legal Tender. I posted A Caveat Against Injustice, or an Inquiry Into the Evils of a Fluctuating Medium of Exchange by Judge Roger Sherman who was the only founding father to sign all four founding documents. You can read it here if Jon doesn’t mind…It has an introduction by the author of The Miracle on Main Street, F. Tupper Saucey, who also is no longer with us.
Please check out this author, he extrapolates the Ed Dowd theory:
Thanks for this link as I have never heard the financial explanation for covid lockdowns. This sounds like the truth to me and why the world tends to hate bankers. What do we little people do? I am tempted to take my money out and put it under my mattress like some old timers once did. But that sounds ridiculous and ultimately counterproductive. I just don’t trust the establishment any more. Could they really take all our savings?
“… The difference between an overall plan to wage war against the people and the battle strategy itself is enormous.
“Looking at the strategy tends to wake people up.
“‘You mean they’re going to do THAT? And if we respond with THIS, they’ll do THAT…?’
“Your position within the system gives you an important perspective. I hope to hear from you….”
… Brilliant response, Jon, absolutely brilliant.
All of these things are something that conspiracy theorists have known for decades. The only questions were how and when. We know the how, but predicting when is next to impossible.
The shit has hit the fan, but there is a lot more shit coming.
If COVID doesn’t end it all, there is only one more thing left for the powers that be to get it done. Unfriendly alien contact disclosure.
The war on aliens will be the final bullshit war that government wages.
It is unknown whether people will ever buy into the war on climate change enough for it to get traction. They can’t even clean up or slow the environmental destruction of the planet, not including carbon dioxide, so why would anyone think they are capable of making a positive response to it?
Remember that government by its nature is incentivized to invent problems and make them worse to continually get more power and money.
So I stick by my prediction that the fake alien invasion is what starts the Great Reset.
The Controllers also have their fingers on the War button. They would like to start a war with Russia as yet another cover for the Covid Regime collapse. It is no small thing that the Covid Regime has decimated our armed services with the fatal jab — it appears doubtful that the U.S. could win any war, and with a financial collapse at about the same time, we could see Peacekeeping forces here on American soil: Chinese boots on the ground . . . that would be the “alien” invasion.
I agree, Sixway. They have definitely planted the fake alien invasion timeline in humanity’s mind in endless movies and television. True to form, they neglect to acknowledge aliens have been on earth all along and are regular, integral movers of events on this planet, including the first Great Reset: introduction of money as a method of keeping humans as slaves. A faked invasion scenario could boomerang into providing cover for positive ET races currently residing this solar system to unveil right along side their fake holographic dark magic picture show; indeed they are already lighting up in the skies all over the world to see how many of us can tell the difference between real and holographic. It’s not easy to tell even when you know what to look for, but I remain positive. Given how badly they screwed up their plandemic that is waking people up by the millions, the Deep State will probably screw up their fake disclosure psyop, many more will wake up, and the Great Reset will fall on its tyrannical face.
I am almost 75 years old. I have never seen anything like what’s been going in for the last 20 years. 9/11/2001 started the Great Reset. No, I do not believe the Official Narrative at all. Does not really matter as the Big Boys decided to take this country down by whatever means necessary. The unsustainable Debt with relentless purposeful insane spending by all levels of Government is meant to finish off America as a sovereign free Nation. Trump was right in there in the Pig Trough, too.
There is another strategy to address our situation. The Great Reset should be the long overdue GOLDEN JUBILEE- all Debt is forgiven!!!
“GOLDEN JUBILEE- all Debt is forgiven!!!”
I’ll drink to that!
CANCEL THE DEBT !
World debt forgiveness may be part of the plan…
1) in exchange for your property – (‘you will own nothing’).
This is already happening in the UK with mortgages for people who can no longer pay due to forced business closures & job losses, eg Santander. Sign over your house, you get to ‘rent’ it back from the bank.
2) The kind of debt you’re thinking about is an illusion and a trick. We owe nothing. So therefore how can it be ‘forgiven’? And who sets themselves up to do the ‘forgiving’?
Jon, you are asking: “What about individual bank accounts? Will they survive? If not, why not?”
Here is a hint from Congress:
Digital Wallets. Forced by government upon you and run entirely by private banks.
Note the date: March 23, 2020.
Just a few days after The Great Covid Hoax has started in USA. That means, this card was prepared well in advance.
Now, imagine if Adolf Trudeau had digital wallet tool on hand and how Canadian truckers revolt would have ended up.
Wiping banks outright would collapse Deep State’s black budget and USAP projects, IMHO. Thus, there must be some plan to keep it running despite of financial disturbances.
All these questions about the modern global economy with fake money and bubble assets and its inevitable collapse (that will definitely happen before this decade is out) have long been answered in detail and with ironclad data here:
Especially, you might want to see these articles first:
“For 90 years the most powerful economic power in the world has been living on borrowed money and borrowed time. The consequences are blatant and for most people to see, if they care to look. But their government won’t tell them and the media is too ignorant to understand it.”
“You can avoid reality, but you cannot avoid the consequences of avoiding reality.” (Ayn Rand)
The current global capitalist system is bankrupt and cannot be fixed, but can only collapse – and it will very soon. “With global debt up 3x in this century, from $100 trillion to $300 trillion, the rocket fuel that has driven this explosive growth in asset markets is just thin air turned into fake money. Initially the debt will explode due to unlimited printing to save the financial system including the $2 quadrillion derivatives market. The $3 quadrillion forecast in the table below includes a collapse of the derivatives market. Thereafter, as the world discovers that the central bank liquidity created out of thin air is worthless, the debt bubble will implode in an instant, together with all the assets financed by the debt bubble.”:
“Covid was not the cause of the current crisis, but just a convenient excuse. The real crisis started in September 2019 when the Fed was forced to make emergency loans to a number of severely illiquid Wall Street trading houses like Nomura, JP Morgan and Goldman Sachs. When Covid started in early 2020, central banks could conveniently blame the pandemic for the massive and continued expansion of their balance sheets. But the real problem was that the major investment banks were again on the verge of bankruptcy.”
“The 2006-9 crisis was never resolved but just temporarily patched up. It has been an absolute miracle that central banks have managed to fool the world yet another 10 years, until September 2019, when the problems reemerged. The problem that reemerged in September 2019 won’t go away. The explosion of central bank balance sheets and debt have now reached unmanageable and insoluble proportions.”
“Starting in 2022, we will see in the next few years falls of 75-95% in US stocks (in real terms), a collapsing bond market and property market, a much weaker dollar and high inflation.
Also, debt will continue to increase until one day the whole debt market collapses, led by the $2 quadrillion derivative market.”:
Let me also add that me and my family have already seen personally the consequences of ignoring reality and brushing off warnings of a few people with real brains and eyes in their heads, like it happened during World War I that caused total demise of the real Europe, Russia and unleashed the Communist cancer on the whole world. Some men with enough brains did warn this might very well happen, but nobody heeded their warnings. Behold the result!
We personally have since lived through two civil wars (the second was part of the Soviet-German war in 1941-1945), four great hunger periods (and more smaller ones), multiple totalitarian repressions and multiple hyper inflation periods (the last one in the 1990s). None of the above was fun, and we do not intend to live through something like that again. We cannot change the system, but we can choose our own way out. So you’d better take the above warnings about the current risks seriously and make certain provisions for yourself and your families, unless of course you are curious to personally experience total financial ruin, hunger and societal collapse, which has never happened to the current Western population or even the previous ones for a long time.
“But this con will not be played out smoothly. People’s savings and investments will be wiped out… What about individual bank accounts? Will they survive?”
With the freezing and seizing of people’s financial accounts and donated money in Canada after the Unholy Decree by SubPrime Minister-Sinister UnJust-UnTrue Gimme-All-Your-Dough in the Land to the North… what has been largely hidden for many years until now is fully laid bare for all to see.
It’s NOT your money or your account. IT’S THEIRS. ANY DAMN TIME THEY SAY SO.
‘Your’ money… much like ‘Our Freedom’… is a useful illusion to pacify We the Abused. It’s Times like these today that the illusion disappears like those pools of water you think you see out in the desert until you finally reach them and find out they are BARREN and EMPTY.
Whatever money you think you see on your bank statement? Forget those numbers. The true balance for You is ZERO.
“For example, do you believe new sweeping lockdowns—blamed on “COVID”—will actually keep people in their homes and off the streets rioting—as they discover their savings and investments have been wiped out?”
Gerald Celente routinely observes:
“When people lose everything they have…THEY LOSE IT!”.
There is a biblical reference to a “Debt Jubilee”. It may be necessary to cancel many consumer debts.
Bottom line, many insiders like Dowd could see this coming for miles on a sunny afternoon (in the summertime). So what did Dowd do with this foresight? Uh, nothing? Where was he in 2020? 2019, 2018 or before?
“Biden” looking at a new EO (his 81st since January) to “monitor” crypto.
A “note” is a certificate of debt, so, yes, the multicolored paper with a series of digits that we normally carry around ‘does’ conform to the definition of note.
It’s possible that ‘they’ might realize their (many) GRAVE ERROR(s) before they’re marched to the gallows, or the wall in front of where the firing squad awaits, but don’t count on it.
Buy books, beans, bandages, bullets, and…
NONE OF THEIR BULLSHIT!
The worldwide banking system went belly up on Friday 9/17/19. Those of us working in finance know this.
Everything that has transpired since then, has been meant to delay the inevitable. That includes not just C19, but BLM riots, Floyd trial, etc. These are manufactured distractions.
But the precedent has been set. Under which they can strip you of your money and force you into confinement (whether in your home or a detention facility, at least in several states).
I am not sure if I believe the jabs are intended to kill enough people to solve the financial problems of governments. But it’s certainly in the mix.
The Israeli Defence force call their full-scale military lessons for the Palestinians “mowing the lawn”, “giving them a haircut”.
Every time the capitalist economic system goes into Crisis, it’s the lower classes who bear the brunt of the ‘correctives’ employed: they are given an economic haircut…
But the crises have been piling up on top of each other. No solution works. So the ruling elite have decided to scrap using The Economy to enchain society. Their rule will now be naked, direct – if the serfs dont wake up, dont revolt…
 “Up to now, governments have invented money out of thin air.”
Only governments with monetary sovereignty create their spending money out of thin air, like the U.S. government does. This does not apply, for example, to nineteen nations that use the euro. Those nineteen nations are not monetarily sovereign, and they cannot create their spending money out of thin air. They must get euros by selling exports (assuming they have a trade surplus) or else by borrowing it from banks. If they have trade deficits (like Greece and France) they will fall farther and farther into debt.
Some nations have monetary sovereignty, and they create their own money out of thin air, but they nonetheless have economic problems because those nations’ currencies are not accepted outside their national borders. If these nations have trade deficits, they must buy foreign goods by using foreign currency that they borrow from foreign banks and financiers. The result is ever-increasing foreign debt and national slavery.
Since the U.S. government can create infinite dollars out of thin air, the U.S. government does not borrow one penny of its spending money from anyone or anything. Nor does the U.S. government run on federal tax revenue. Therefore the U.S. government has no debt problem. The so-called “national debt” is simply money that various parties have deposited into Federal Reserve savings accounts by purchasing Treasury securities, which function the same as certificates of deposit in regular banks. This has no effect on the U.S. government’s ability to create and spend money.
Since the U.S. government can create infinite dollars out of thin air, the USA uses those dollars to buy infinite imports. However if foreigners stop accepting US dollars for their goods, then the USA will collapse, since the USA has the world’s biggest trade deficit, and is not self-sufficient.
The Nordstream II pipeline will spur Russia and Europe to conduct their business in euros and rubles, thereby cutting US dollars out of the picture, and severely hampering US power. This is one reason why the USA is desperate to stop the Nordstream II pipeline. The USA’s silliness regarding Ukraine is an attempt to disrupt business between Europe and Russia.
 “I fully understand the points you’re making about Pfizer and Moderna possibly going down, as Enron did.”
Pfizer and Moderna are on “thin ice,” which is why they pay politicians and media outlets to push the Covid narrative and vax narrative at all costs. The public is fickle, and if the tide turns against Pfizer and Moderna in the collective mind, then both companies will collapse like a house of cards. This could happen at any time.
 “I also can see, as you predict, a war between insurance companies and vaccine manufacturers.”
There will be no such war. Here is why…
Insurance companies have myriad tricks to avoid paying on life insurance claims. For example, insurance companies in France claim that their policies do not cover deaths from experimental items like the Covid jabs. Families have sued insurance companies for this, but the courts always rule in favor of insurance companies.
Another trick to avoid paying is to claim that the deceased was not fully vaxxed.
Life insurance companies continue to worship pharma and vaccines, and they are now basing their actuarial tables on lies told to them by Pfizer. As the vax causes the death rate to skyrocket, insurance companies blame the deaths on “Covid” and the unvaxxed, not on the mRNA jabs.
Going forward, insurance anticipate charging higher premiums while offering lower payouts, because of future “pandemics” and because of the unvaxxed.
If you do not believe me, and you still think there will be a war between pharma companies and insurance companies, then see this…
There seems to be a contradiction in your assessment of life insurance companies refusing to pay death claims by stating the ‘vaccine’ is experimental. In order to use this strategy, the insurance companies are explicitly saying deaths are being caused by the ‘vaccine’ in order to deny claims. But you then state the insurance companies are blaming the increased death claims on ‘covid’ and not the ‘vaccines’, and they ‘worship pharma and vaccines’. If this is true, then the death claims would be valid and could not be denied due to experimental “vaccines’.
Great book I’ve read a few years ago called “Web of Debt”, by Ellen Hodgson Brown. The shocking truth about the US money system and how we can break free.
Just a snippet: Dr Carroll Quigley of Georgetown University (& Bill Clinton’s mentor) wrote he had personal knowledge of an elite clique of global financiers bent on controlling the world, simply called the “international bankers”. Their essence was not race, religion or nationality but was just a passion for control over other humans. Key to their success was that they would control and manipulate the money system of a nation while letting it appear to be controlled by the government.
I’m paraphrasing Schwab here, but did he not say that those who don’t adopt the Great Reset will be left behind to live a life like peasants of old did.
Sign me up!
You can live a fantastic life as a subsistence farmer or artisan when wealth is not measured in dollar terms. This does not mean living in a hovel.
Money can buy happiness, and yet happiness can be obtained without it. But happiness is a temporary condition. Money never buys personal fulfilment.
You’d be surprised what a person can live without and still be able to thrive. I have not had a car in 17 years. I have lived *extremely* frugally for the majority of my adult life. Still here.
Find like minds in your local community that you can build your own metaphorical villages with. Preferably, those with a zero social credit score. That is, the honourable ones.
The elites heads should be on pikes. All of them. We know this. Who is going to make that happen?
Don’t count on it happening. What you have control over is your own thoughts and actions. Make the best of them!
What should we do if we have money (any money) in the bank? Where should our money go to protect it when the financial collapse comes?
Controlled opposition distraction.
If someone issues a completely corrupt and failed currency, should we accept the idea that they will be the ones to provide a “reset”? Isn’t it very obvious that, if not in prison, they should not be allowed to create or manage any currencies? Should we not look at all the ways the currency failed and MAKE SURE we do not allow any such currency to be used again? So, no more fiat currency, no more centralized currency, no more debt-based currency, no more currency that is “printable”, no moire currency which requires an “income tax” system just to stay afloat, etc etc.