John Titus On Bankers As Psychopaths

One thing leads to another. Since we’re obsessing over World War Money, that topic naturally leads to the topic of Bankers. In an hour long video interview John Titus has a lot to say about money, bankers, and power:

RUSSIAN SANCTIONS AND THE DEATH OF THE DOLLAR

Basically, Titus is talking about how we, the US, got to the point that dumping King Dollar as the world reserve currency became not just conceivable but an urgent agenda that appears to be steam rolling US opposition. How that happened is basically irresponsible and out of control debt creation—leading to runaway inflation.

Here I’ll offer brief transcripts of two telling anecdotes that are on topic—that is, about psychopathy and banking:

For the first anecdote, Titus sets it up by relating that Blackrock wrote a report in 2019 about excessive US debt. The report warned of two possible consequences: runaway inflation, and the dollar losing its status as world reserve currency.

Then, around 8:30, Titus explains exactly how sanctions are leading to dedollarization. The Neocon sanctions have absolutely trashed the faith and credit that the US dollar used to enjoy:

Just this month, on March 2, Jay Powell gets up in front of Congress, in front of the House Financial Services Committee, and a representative asks him, says, 'Hey, Chairman Powell, what happens, we notice that China and Russia, they're trading exclusively in their own currencies and Pakistan's thinking about joining them. What effect might that have on the US economy?'

That's the question. What effect on the economy?

And Powell answers. He says, 'Well, it might jeopardize world reserve currency, but I don't think it will because we don't have long term high inflation and, another thing we have here that people like, that's gonna keep us as world reserve currency--we have the rule of law.'

I swear, he said that! He did say that! [broad grin]

And I'm like, wait a minute, Jay! It seems to me like a couple weeks ago you just deleted Russia's money, right? Isn't there a statute that says, y'know, your money in the bank is kinda good? And you just, like, say, well we're just gonna cancel Russia's money. And you're gonna turn around and tell me that we have the rule of law? Sounds to me like we have the rule of Jay Powell and the Fed--not the rule of law! The law says that's money, but you say it's not money. So it sounds like you're in charge, not the law. And then you turn around and you say, well, you need the rule of law to sustain the world reserve currency--you're talking outta both sides of your mouth. But why not just take a shotgun blast [gesticulates as with a shotgun] and just pump it into the face of the rule of law in front of the whole wide world, just annihilate the rule of law, and then turn around and say [pointing down toward corpse of rule of law], 'Y'know, we needed that for world reserve currency status.'

Around 56:00 we get the second anecdote, which really captures the psychopathic nature of our rulers—because it’s Titus’ contention that bankers are the true rulers, our real masters:

Whoever has the power of money creation--they have the power. And I'll give ya an example, a really stark example, in the US--and that's the bailouts of 2008.

What happened there?

You had these banks, all of which, the major banks had committed fraud, perpetrated massive fraud for years and they were bankrupt. They were out of money because they'd committed so much fraud that nobody trusted each other and all the assets they had really weren't worth anything. And so the system was imploding.

So what'd the banks do? They went to Congress and they said, 'Y'know, what? We create the money supply in the US.' That's what the Depression was. It was a contraction of the money supply, and by 2008 you had a situation where four retails banks, four commercial banks--JPMorgan Chase, Wells Fargo, Citigroup, and JPMorgan--controlled 40% of the money supply. And what those banks said to Congress was, 'Listen. You give us that money, you give us that $700 billion dollar bailout, or we'll blow your head off!' Right? 'We'll shut down the money supply. If you shut us down you're shutting down 40% of the money supply overnight, OK?'

Remember how bad the Great Depression was? That was 1929-1933. That took four years to erase 30% of the money supply. Now, in 2008, you're talking about erasing 40% of the money supply overnight. The real question is not, 'What's gonna happen?' but, 'How long is it gonna take your cities to burn down, when people are going hungry? How many meals are people gonna miss before your city burns down--three, four, five? It's not gonna be too many days before this whole mess goes up in flames. Give us the money, or we'll kill ya!'

That's what happened in 2008. It was a coup d'etat.

He goes on to explain that the Central Bank Digital Currency (CBDC) scheme amounts to a plan to reduce the number of retail banks in the US from 4500 to 12. What will they do if you give them that kind of power, after what they did in 2008? “CBDC is almost suicidal.”