Economic Outlook for 2017: debt deflation, supply shortages, currency inflation, bank failures, repossession

[ThePythonicCow]

.
Right now, seven weeks before the end of 2016, the economic outlook for 2017 looks quite clear to me. I'll express it from the perspective of the US, but it's a world-wide phenomenon that will involve most of humanity, one way or another.

This sort of thing happens about every 80 years or so, and whenever the dominant monetary system is debt-money based, its general shape is quite predictable.

First and foremost, debt issuance collapses. A substantial portion of the bank issued debt to individuals, businesses, and governments will cease being issued, and in many cases, outstanding loans will be "called" ("pay us now, or we repossess or privatize or foreclose the home, car, inventory, land, or whatever collateral you had offered to get the loan.")

I foresee cash shortages, failing banks, credit card cancelations, and missed payroll, pension, and benefit payments.

If you're depending on newly issued debt for some of the necessities of life; if your employer is depending on borrowing money to stay in business (and pay you); if your government is depending on more debt to issue a welfare, social security or medical benefit; ... you've got a problem. In the case of the government, if it's a nation-state that can print its own currency, you might get the same dollar-amount paid, but it won't buy very much. Otherwise, the payments and payroll risk not being there at all.

In particular, this time around, in the US, this will cause a massive supply chain shock. Most of what we consume, and most of the manufacturing, transportation, and distribution channels that get that stuff to us, are debt financed. This is called "just-in-time" delivery, with only a few days worth of consumables in the supply chain, on trucks and trains and ships and in warehouses.

As soon as the banking system stops lending to all those involved, the supply chain breaks down. The lack of a robust way, not involving debt financing, to fund many supply chain transactions is actually a bigger problem than the lack of much stock in warehouses.

I foresee lots of empty store shelves.

The combination of (1) cash and credit shortages, (2) supply shortages, and (3) desperate nations printing money will mean:

• You won't have the cash or credit to buy stuff,
• the stuff won't be there to buy anyway, and
• if you could find it and pay for it, it willl cost a lot more.

This is how "we" do the ancient tradition of "debt jubilees" in modern times. Debt collapses, loans are recalled, collateral is repossessed, and debt-money fueled economies collapse. This allows the lending banks to recapitalize, on the back of the property, resources, and income streams that they confiscated from their customers that they drove into bankruptcy or austerity or debt-slavery in the collapse that they caused, of the previous debt bubble that they created. It' s a nice business, if you can get it (and if you're morally deficient.)

Welcome to 2017 (and a few years beyond - this big a mess doesn't get cleaned up in just one year.)

If you're one of those who enjoys listening to Clif High, you can listen to him tell you this, in his own typical fashion:

Source: https://youtube.com/watch?v=8sSBCTGbMHw

[Spellbound]

Oh, it's coming. There must be a market correction at some point in the near future because the economy has been artificially propped up for awhile now. Things could become as bad as, or worse, than '08/'09.

Dave - Toronto

[ThePythonicCow]

Posted by Spellbound (here)
Oh, it's coming. There must be a market correction at some point in the near future because the economy has been artificially propped up for awhile now. Things could become as bad as, or worse, than '08/'09.

Dave - Toronto

The stock market (if that's what you mean by "market") might actually go up, if there is enough currency inflation (aka "money printing"). The dollar value of major stocks might go up dramatically (if the real value of dollars shrinks sufficiently.)

The previous US market crashes in recent decades were occasions to build the tower of dollar debt higher and higher, as banks bailed out funds (LTCM, 1998), mortgage lending funded the recovery from the tech stock crash (dot-com bubble, 2001), and the Fed bailed out the big banks and the mortgage backed security market (2008).

This next crash is of a different nature and scope. The US Reserve Dollar is the basis of the world monetary system. It collapses. The Federal Reserve goes from being (covertly) the world's lender of last resort (essentially a key agent of the existing world monetary system, not just the private banking cartel lending to the US Treasury), to being just another national bank in a new multi-polar political and multi-currency monetary global system.

Much US Dollar denominated debt will fail. Many banks, large and small, will fail. Much of the global economy, from mining and farming and manufacturing, to retail sales, half a world away, depends on US Dollar denominated debt to be funded. Much of that global economy will fail, in varying degrees, in chaotic and unpredictable fashions.

Debt deflation is the fundamental mechanism for resetting a debt-money system. When the level of debt builds up to such a level that it kills the economic activity that funds debt payments, then much of the debt dies (existing debt is foreclosed and new debt is not issued.)

This happens about every 80 years.

[flying_kiwi]

Interesting thread and thanks for sharing the Cliff High video. I agree with your outlook for 2017.

What are people's views on the best way to prepare for this? Personally I am:
- stocking up on food, water, wood, gas
- holding cash out of the bank
- holding physical gold and silver and gold/silver shares
- paying down debt
- thinking about how best we can get the hell out dodge if it hits the fan

[ThePythonicCow]

The way that these major debt-money resets begin is that the banks cut back on lending new money into circulation, and start repossessing the collateral of existing debts.

A couple of days ago, Wolf Richter posted this on his WolfStreet.com website: What the Heck’s going on with Foreclosures? Why this Spike? -- Foreclosures suddenly spike most since the last Housing Bust. He has the details at the link.

[RunningDeer]

Clif High-DOW & Gold $125,000-Hyperinflation Coming

Source: https://youtube.com/watch?v=VoBRckWwN4g

Published on Nov 12, 2016

On gold and silver, Internet data mining expert Clif High says never mind the recent price drop. High says, “They’re real money, always have been, and you are going to need it. . . . How can it be silly to hold real money? Americans are going to have to face up to the fact that we have been deluded by a propaganda press that was attempting to sow a particular viewpoint around the world. We tried to conquer the world with dollars and the threat of bullets . . . . Our dollars were accepted all around the world, and people gave us real stuff for those green pieces of paper. They’re not going to do that anymore. So, if you want that coconut from Malaysia . . . you are going to have to pay something that has value. Those little green pieces of paper will not after a short period of time. They are going to have value inside the country for a while, but outside the country, people are going to say I want gold or silver or oil. I want to see something of value.”

High can’t name a price for gold and silver, but his “predictive linguistics” says, “At some point in 2017, probably past mid-year, we’re going to be looking at hyperinflation so bad that the DOW will be measured around $100,000 to $125,000. Meaning, the dollar will be so worthless that it will take $125,000 to buy the little basket that is the DOW. I also have language that says an ounce of gold will be approaching the DOW in terms of value. This is not ludicrous. In the last depression in 1933 and 1934, after the shutting of the banks . . . we had a point where gold and the DOW were the same, and gold dominated the DOW for decades.”

Join Greg Hunter as he goes One-on-One with Internet predictive linguistics expert Clif High of HalfPastHuman.com.

[ThePythonicCow]

Posted by RunningDeer (here)
Join Greg Hunter as he goes One-on-One with Internet predictive linguistics expert Clif High of HalfPastHuman.com.

That's a good interview.

Near the end, Clif says "The Dollar is going away", and Greg says "We can't afford the illusion." Good summary lines. Sounds about right to me.

[mgray]

I enjoy Clif High, but I wondered why his predictive language program, could not pick up the Trump victory?

If a Trump Administration can jump start the US economy to get to 3.5% annualized GDP growth, we could see interest rates rise. The US bond market sees this as the 10-year note has moved above 2.1% yield on the back of the election.

As far as any monetary changes with the US dollar is a move that is several standard deviations from the norm, so I do not worry about the event happening.

I understand this view doesn't make for a compelling video that anyone would watch and if your livelihood depends on getting viewers then you need to scream about the latest pending doom.

[ThePythonicCow]

Posted by RunningDeer (here)
Join Greg Hunter as he goes One-on-One with Internet predictive linguistics expert Clif High of HalfPastHuman.com.

Posted by Paul (here)
That's a good interview.

Greg Hunter has a full write-up of his interview with Clif High, on Greg's page http://usawatchdog.com/federal-reser...med-clif-high/, for those who prefer to read.

==

On thinking about what Clif is saying here, which echoes what several other prognosticators say that I follow closely, there is a fundamental difference between what Clif is saying and what I'm saying in this thread and other recent comments.

But the difference might not be obvious at first glance.

Clif, and others, are anticipating a major setback for the globalist, empire building elements, which includes the prosecution of the Bush/Clinton/Neocon crime syndicate and which includes the death of the debt-money (the British Pound in the 1800's, then the US Dollar in the 1900's until now) that they "rode in on."

I am anticipating that portions of these globalist, empire building elements, will be thrown "under the bus" (such as in particular the Bush/Clinton/Neocon crime syndicate and their closely allied drug runners,, arms merchants, and main stream propagandists, as well as the US Dollar based world reserve currency monetary system), but I am also anticipating that other, more deeply entrenched and powerful elements will metastisize into a multi-polar political and multi-currency monetary world order.

Whereas Clif, and others, are expecting the monetary system to revert to what they think was a more honest and stable system based on gold, such as we saw in the 1800's (but which I consider to have been primarily a debt-money system, even then), I am expecting that gold will be just one element, along with the national currencies of a few major nations, in the "basket" of currencies that form the new multi-currency monetary world order. I am expecting a "price fix", setting the "price" of each major currency or metal in this basket, to be a key element of this new monetary world order, with that fix covertly controlled by the most powerful on this planet.

I am expecting the most powerful, and their debt-money system, and rebuilt nation-states cooperating in support of these most powerful, to rise like Phoenix from the ashes of the collapse of the current hegemony, in a new multi-polar, multi-currency, world order.

===

Neither Clif nor I have all that great a track record of such long term predictions ... so likely reality will take "a third way." .

[ThePythonicCow]

Posted by mgray (here)
As far as any monetary changes with the US dollar is a move that is several standard deviations from the norm, so I do not worry about the event happening.

Yes, indeed, the demise of the US Dollar world reserve currency system would be, if it happened, one really big black swan event .

[Czarek]

Posted by mgray (here)
I enjoy Clif High, but I wondered why his predictive language program, could not pick up the Trump victory?

.

He did peg it right saying that Trump would take majority and correctly predicting riots right after election. Greg Hunter had him just before election.

[mountain_jim]

I for one appreciate the contributors to this sub-forum and am glad to see activity here again after a dry period.

[RunningDeer]

Posted by Paul (here)

Posted by RunningDeer (here)
That's a good interview.

Near the end, Clif says "The Dollar is going away", and Greg says "We can't afford the illusion." Good summary lines. Sounds about right to me.

Yes, fascinating and informative videos. A wide range of topics covered. I listened a couple of times and downloaded them. Priceless reminder of how they brainwash and manipulate with entrainment technology through public media and with cell phones that pump out carrier signals. Knowledge is power. Pay attention. Dispel fear. Discern. Rid self of the programs.

I posted November 19th on my calendar on how things will calm down with the levels of paranoia and fear. It explained why the fema camp meme recently popped up on the forum and other emotional themes and exchanges spread across blogs, forums and the YouTube comments.

Fingers crossed that once the entrainment technology is gone, people will come to their senses with this freakish range of pubescent behaviors and the terrible twos like tantrums. It’s a wake up call to not wait for the masses to see with new eyes, after watching the destruction, the postponed exams, and the time out in safe places and cuddle animals to quell anxiety. WTF?

Full disclosure, after watching the videos, I redirected feelings of concern, by purchasing more dry goods, Himalayan and Celtic salts, spices, etc. before a loaf of bread costs a wheel barrel of worthless dollars and is still available. It’s a good time to repost the site below. I use it mostly for the vegetables and go elsewhere for other dry goods and vacuum pack them for long term freshness.

Repost:

ThriveLife.com is a good place to check out for emergency preparedness. Most are certified gluten-free, NO GMOs: no bioengineered ingredients, NO artificial colors or flavors.

I've purchased the fruits, vegetables, and grains which have a shelf life of 25 years and best used within one year of opening to maintain life sustaining nutritional value. I continue to purchase the vegetables and crossed off the fruits from my repurchase list.

Too, it’s cost effective if you live in seasonal areas where the price fluctuates, or inclement weather, or time constraints with work and home.

The customer ratings/reviews are pretty accurate. The site is informative and user friendly.

Kingsman - Church Fight - (i.e. cell phone entrainment)

Source: https://youtube.com/watch?v=25683IE5v9g

[RunningDeer]

Interesting listen and comparison from the data set in the October report.

Few bullet points of the first seven minutes. Note, I left a lot out because it’s a dense report:

• Electoral confusion, not votes
• Trump wins by a landslide relative to recent elections, but it won’t make a difference. We’ll go into a mass state of confusion.
• Confusion is the dominating descriptor in the post election time frame
• Next layer down is post election where Hilary is missing, debt bubble bursts, foreign repatriation of dollars and fractured politics, the deep state is active, the shadow government is active and again Trump wins and a state of mass confusion.
• Debt bubble bursting rises due to active, dynamic events and not as a result as a long term completion cycle. It’s not unexpected because we’ve been expecting it. But on the day that it happens it will be a surprise.
• The 2/3 of all US dollars are over seas. They will come home too fast and from many different sources. This will overwhelm and cause hyperinflation. With this unusual pattern, the real estate and car prices will drastically fall.
• The cost of food, gas, oil, energy, clothing and electricity will skyrocket. Why? No one will accept the collapsed dollar, thus no one will ship to the US.

OCT19 Alta report

Source: https://youtube.com/watch?v=BC85wkVFgh4

[ThePythonicCow]

Posted by Paul (here)
I am expecting the most powerful, and their debt-money system, and rebuilt nation-states cooperating in support of these most powerful, to rise like Phoenix from the ashes of the collapse of the current hegemony, in a new multi-polar, multi-currency, world order.

As I've probably mentioned previously, I expect that the multi-polar political order will be led by some variant of the United Nations, and the multi-currency monetary order be controlled by some variant of the IMF/BIS, through the fixing of the exchange rate of the major "basket" currencies, plus perhaps gold, with an abstraction called the SDR.

In a new post, Ken over at RedefiningGod.com spells out in more detail how the United Nations political "next world order" can be expected to work, in his latest post The New World Order Schedule of Implementation.

Ken anticipates that the UN Security Council, which currently has some rotating members, and five permanent members which have veto power, will be expanded to better cover all regions of the world. He also expects that the veto power of the five permanent members will be removed -- no nation should be "above the law" of the United Nations.

Ken also anticipates that the military "peace keeping" forces of the UN will be substantially beefed up.

Ken doesn't mention the following, but to me the following is a critical detail. Political, legal, military and monetary power work together, and whatever would be the dominant expression of power on this planet requires all three. In particular, the monetary system requires the support of dominant political, legal and military power in order to enforce debt repayments and repossessions. It has been no accident that the US Military was dominant at the same time as the US Dollar based debt-money system. The same will happen with the upcoming SDR-denominated world debt-money system, and the military "peace keeping" arm of the UN.

Ken expects that there will be some sort of military overreach and fear creating conflict, soon, by some of the existing major national militaries, such as between the US and Russia in Syria, that will discredit national militaries in the world view, and justify the substantial build-up of an international UN "peace keeping" force.

"Peace keeping" ... reminds me of the famous "Peacemaker" Colt .45 revolver, used to "settle" the American West, in the late 1800's.

Such a fearful, intense conflict, limited to a region and fairly brief in time, between say Russian and American military forces, besides justifying the above described build up and restructuring of the United Nations, would also justify the down sizing of the US Military, the closing of hundreds of its foreign bases around the world, and the dismantling of NATO.

Meet the new boss, world hegemony, same as the old boss, American hegemony.

In a debt-money system, the biggest banker requires the biggest gun - to ensure debt collection.

[Pam]

Posted by RunningDeer (here)
Interesting listen and comparison from the data set in the October report.

Few bullet points of the first seven minutes. Note, I left a lot out because it’s a dense report:

• Electoral confusion, not votes
• Trump wins by a landslide relative to recent elections, but it won’t make a difference. We’ll go into a mass state of confusion.
• Confusion is the dominating descriptor in the post election time frame
• Next layer down is post election where Hilary is missing, debt bubble bursts, foreign repatriation of dollars and fractured politics, the deep state is active, the shadow government is active and again Trump wins and a state of mass confusion.
• Debt bubble bursting rises due to active, dynamic events and not as a result as a long term completion cycle. It’s not unexpected because we’ve been expecting it. But on the day that it happens it will be a surprise.
• The 2/3 of all US dollars are over seas. They will come home too fast and from many different sources. This will overwhelm and cause hyperinflation. With this unusual pattern, the real estate and car prices will drastically fall.
• The cost of food, gas, oil, energy, clothing and electricity will skyrocket. Why? No one will accept the collapsed dollar, thus no one will ship to the US.

OCT19 Alta report

Source: https://youtube.com/watch?v=BC85wkVFgh4

Confirmation of what Clif has to say in this article from Zero Hedge published 11/16/2016:

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper

by Tyler Durden
Nov 16, 2016 4:55 PM


One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number had dropped sharply, declining by over $22 billion in one week, one of the the biggest weekly declines since January 2015, pushing the total amount of custodial paper to $2.805 trillion, the lowest since 2012. One month later, we refresh this chart and find that in last week's update, foreign central banks continued their relentless liquidation of US paper held in the Fed's custody account, which tumbled by another $14 billion over the course of a week, pushing the total amount of custodial paper to $2.788 trillion, a new post-2012 low.

Today, to corroborate the disturbing weekly slide in the Fed's custody data, we also got the latest monthly Treasury International Capital data for the month of September, which showed that the troubling trend presented one month ago, has accelerated to an unprecedented degree.

Recall that a month ago, we reported that in the latest 12 months we have observed a not so stealthy, actually make that a massive $343 billion in Treasury selling by foreign central banks in the period July 2015- August 2016, something unprecedented in size.

Fast forward to today when in the latest monthly update for the month of September, we find that what until a month ago was "merely" a record $346.4 billion in offshore central bank sales in the LTM period ending August 31 has - one month later - risen to a new all time high $374.7 billion, or well over a third of a trillion in Treasuries sold in the past 12 months.

Among the biggest sellers - on a market-price basis - not surprisingly was China, which in August "sold" $28 billion in US paper (the actual underlying number while different, as this particular series is adjusted for Mark to Market variations, will be similar), bringing its total to $1.157 trillion, the lowest amount of US paper held by Beijing since 2012.

It wasn't just China: Saudi Arabia also continued to sell its TSY holdings, and in August its stated holdings (which again have to be adjusted for MTM), dropped from $93Bn to $89Bn, the lowest since the summer of 2014. This was the 8th consecutive month of Treasury sales by the Kingdom, which held $124 billion in TSYs in January, and has since sold nearly 30% of its US paper holdings.

As we pointed out one month ago, what is becoming increasingly obvious is that both foreign central banks, sovereign wealth funds, reserve managers, and virtually every other official institution in possession of US paper, is liquidating their holdings at a very troubling pace, something which in light of the action in the past week appears to have been a prudent move.

In some cases, like China, this is to offset devaluation pressure; in others such as Saudi Arabia, it is to provide the funds needed to offset the collapse of the petrodollar, and to backstop the country's soaring budget deficit. In all cases, it may suggest concerns about a spike in future debt issuance by the US, especially now under the pro-fiscal stimulus Trump administration.

So who are they selling to? The answer, at least until last month, was private demand, in other words just like in the stock market the retail investor is the final bagholder, so when it comes to US Treasuries, "private investors" both foreign and domestic are soaking up hundreds of billions in central bank holdings. As we said last month when we observed this great rotation in Treasuries out of official holders into private hands, "we wonder if they would [keep buying] knowing who is selling to them." Well, this month it changed, and after private investors had been happily snapping up bonds for 4 straight months, in September "other foreign investors" sold a whopping $31 billion, bringing the total outflow between public and private foreign holdings to $76.6 billion, the second highest number on record!

Meanwhile, while just three months ago yields had tumbled to near all time lows, suddenly the picture is inverted, and long-yields are surging on concerns that not only will the BOJ, the Fed, and maybe even the ECB will soon taper their purchases of the long end, but that Donald Trump is about to unleash a $1 trillion debt tsunami at a time when the Fed will not be available to monetize it.

While it is unclear under what conditions foreign buyers may come back, one thing is very clear: as of this moments the selling strike not only continues but is accelerating, and should the foreign liquidation of Treasuries fail to slow, Yellen will have no choice but to forget about hiking rates and focus on QE4 instead.

[RunningDeer]

Cliff High - wujo November 18, 2016

Summary provided by Cliff High:

Apologies for the blurry video. FStop stuck. Used camera.

Bonds turned in July
Then USA bonds took the largest 1 day move ever the day after Trump elected.

American Federal Reserve Note empire meltdown continues:
dollar up which means trade down;
jobs down;
healthcare costs up, delivery of services down;
largest amount of out of country medical services levels ever in last two years by USAPop.
JIT supply system under huge stress. Further shipping problems and collapses underway.
Next up: USAPop 2017

Source: https://youtube.com/watch?v=_nn6u0V1Vrc

Published on Nov 18, 2016

[ThePythonicCow]

Posted by RunningDeer (here)
Bonds turned in July
Then USA bonds took the largest 1 day move ever the day after Trump elected.

American Federal Reserve Note empire meltdown continues:
dollar up which means trade down;

A little over 104 years ago, JP Morgan (the person) orchestrated the sinking of the Titanic, as part of installing the Federal Reserve in the US (by killing the lead opponents to the Fed). This was a key operation in moving the world's dominant currency from the British Pound to the US Dollar.

===

JP Morgan (the institution), as well as others, such as the Fed, the US Treasury, the BIS, and key Chinese institutions, are at it again, this time moving the dominant currency from the uni-polar US Dollar, to a multiple currency arrangement.

Presently, the US Dollar is rising strongly, against other currencies such as the Yen and Euro, as reported here and here.

===

To understand what goes up, versus what goes down, my favorite mental model is a high building of many stories, with people living or working on each story of the building. During good times, the highest stories are the most desired, with the best view. If an earthquake or fire threatens some higher stories, people rush to lower stories.

The lowest story is the "ground" level, of real goods, services, food, water, shelter, factories, ships, plantations, and such. The next story is physical money - gold and silver. In a debt-money system, the next story is the leading currency of the time, which is the US Dollar at present. The next story is the leading debt paper of the time, which is US Treasury debt at present. More speculative, higher up, stories include other currencies, other national debt, corporate stocks and bonds, and options and derivatives and whatnot. These are at various levels, depending on how stablle and trusted, or speculative, they are.

As reported here, the US Treasury layer is experiencing its major shocks, with sharp drops in their value (hence new issues of Treasury debt must offer higher interest rates to find a market.)

This decline in US Treasury value, as major holders of Treasury debt are now seeking to sell more than they buy, causes major investors to rush to the next lower story, the US Dollar (in an indirect, but strong, reaction.)

The US Dollar (as the current global reserve currency of the world) is gaining strength, like the rising end of the Titanic above. The other major currencies, still connected to the Dollar, are forced down. Similarly, the major national bonds, connected to declining Treasury debt, are forced up, with some offering negative interest rates (value of bond is under water.)

If one puts too much stress on this, these connections break down, as happened when the Titanic split in half, some 104 years ago.

All major currencies will fail, or at least undergo major transformations. The US Dollar as the world's reserve currency will sink to the bottom of the ocean. A domestic US Treasury Dollar will take it's place for use within the US, as just another national currency.

As foretold on this 1988 Economist cover, this sinking and resurrection of the world's monetary system, rising like a Phoenix from the ashes, will take place over the next year or two, and become increasingly and irrefutably obvious to an increasing number of people over the coming months.

[ThePythonicCow]

Ken over at RedefiningGod.com continues to post his analysis and expectations of coming events, and I continue to find his analysis excellent.

In Ken's latest post at The New World Order Schedule of Implementation [Mod 3.0, Step 4.1 – More on the “peace path” to the NWO], he writes:

=============

The globalists want to transition to a financial system that revolves around their “multilateral institutions” and a “gold backed” IMF SDR. I use quotes around the term “gold backed” because the new currencies won’t have a traditional gold backing; it will be more of a gold valuation, but the public will perceive it as gold backing.

=============

I agree.

[ThePythonicCow]

Brandon Smith, of Alt-Market.com, in an interview with Richie Allen, anticipates a world-wide economic depression, worse than the Great Depression of the 1930's, to effect massive social change over a short period of time, beginning within six months of Donald Trump taking office in January 2017:

Source: https://youtube.com/watch?v=DUTsGhE82IA

In Brandon's view, the elite intend to have a major economic war resulting in the financial destruction of the United States and the removal of the US Dollar as the world reserve currency. They will blame the aggression of the US, to justify Russia, China, Saudi Arabia, etc dumping the Dollar. People will conclude that this is what goes wrong when you have nationalists and populists in charge. They will destroy the philosophy of small government. People will see socialism and global government as the only solution.

===

My take differs in a subtle way from Brandon's (beware: his track record of accurate forecasts is far better than mine). I am expecting the globalists to construct a world structure out of a multi-lateral political structure and multiple national currencies, all subject to global, albeit partially covert, control. "If you want your national government, you can have it" -- but you have to "play by the rules" (that we dictate, for "your own good.")