FSN: True Scale of Dollar Ponzi Scheme Becoming Apparent – Fiat Money is Failing, Federal Reserve Fraud and More – Rob Kirby with Greg Hunter

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Greg Hunter

USA Watchdog

Financial expert Rob Kirby says global central bank fraud is propping up the economy. Kirby contends, “The amount of fiat money that has to be created on a go forward basis rises exponentially over time. So much, much money is being created whether the Fed says they are ‘tapering’ or the Fed says they’re not ‘tapering’ is irrelevant to what is really happening. The money is being created, and they have to find places to hide it. What else has happened? Internationally, we see the likes of Russia and China basically setting up to trade in other than dollars because they know what’s going on with the dollars, and they know too many dollars are being created. They know this story of too many dollars being created ends very badly. . . . Fiat money by its very nature is designed to fail. Fiat money by its nature needs to be increased.

Kirby thinks the inflection point was the 2008 financial meltdown. Kirby, who has 15 years’ experience as an international derivatives broker, charges, “The only thing the monetary elites can do to prolong or delay that inflection point is by lowering rates. By pushing rates to zero, which they did roughly 7 years ago, basically bought them some time. A lot of things the central bankers have been doing are nothing but buying time. In terms of the money that is being created, it’s really starting to hit home, and it’s really starting to become apparent the true scale of this Ponzi scheme. We see a little nation like Belgium, with their $480 billion GDP, in the last three reporting months . . . put $141 billion worth of U.S. government securities into their reserve account. They are now holding something like $340 billion in their reserve account. This is absolutely absurd. This is something that wouldn’t pass as a prank in the schoolyard. This is an international game of hide the salami. The dollars have to be created, and the central bank is running out of places to hide it.”

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