In the months leading up to the 2016 election I had been predicting a Trump win based on a particular theory which I believe still holds true today – namely the theory that the global banking elites in power were allowing so-called “populist” movements in the US and Europe to gain political traction near the very end of the decade long “Everything Bubble”. Once populist groups were entrenched and feeling overconfident, the cabal would then tighten liquidity into existing economic weakness and crash the system on their heads. Populists would get the blame for an economic disaster that the central banks had engineered many years in advance.
It was Hoover and his “protectionist” policies that were blamed for the Great Depression (along with the gold standard), yet it was the Federal Reserve which created the entire calamity. The Fed's policy easing in the 1920s led to the extensive bubble in banking and stock markets, and the Fed's rate hikes and liquidity tightening in the early 1930's exacerbated the crash and extended the depression for many years. Former Fed chairman Ben Bernanke even openly admitted that the Fed was responsible for the Great Depression in a speech made in honor of Milton Friedman in 2002. He stated: