Well, it wasn't exactly a Black Monday, unless you live in Greece where the banks and the stock market are closed. 

In the U.S., the DJIA was down 350 points, or -1.95%. Germany's equivalent to the DJIA, or the DAX, was down a whopping -409 points, or -3.56%. With all the red ink around the world, equities lost around $1 trillion in value.

There are other problems, however. Puerto Rico's governor announced that his country is near a 'death spiral' and could no longer make payments on its $73 billion in debt. Was this timed because of Greece stiffing its creditors? Will other sovereign entities follow suit? If so, then the entire global financial structure is at risk of catastrophic debt deflation - the destruction of debt. 

The biggest issue that bother me is that the BIS (Bank for International Settlements) sparked a headline last night in Europe: The world is defenseless against the next financial crisis, warns BIS. The BIS is central bank to all central banks, and sets global central bank policy from Basel, Switzerland. The BIS report states that low interest rates and poor fiscal policy have contributed to global risk, and in particular, to Greece's lack of structural reforms. 

Considering that the BIS is largely responsible for the financial mess the world is in right now, it is very disturbing that they are the ones blowing the whistle. This just doesn't pass the smell test. 

Why is everyone ganging up on Greece and trying to scare the daylights out of everyone else? Are they TRYING to precipitate a global financial crisis?

Just 5 months ago, the U.N.'s climate-change czar, Christiana Figueres, stated "...we are setting ourselves the task of intentionally, within a defined period of time to change the economic development model that has been reigning for at least 150 years, since the industrial revolution."

In short, I am suggesting that we may well be watching a murder mystery unfold right before our eyes and in broad daylight: Capitalism and Free Enterprise may soon be pushing up daisies. An economic reset would undoubtedly feature Technocracy's energy-based economic model with physical and private resources subverted into a global trust for the "global commons". 

If you haven't yet read Technocracy Rising: The Trojan Horse of Global Transformation, now would be a good time (click the link). When you are done, you will immediately understand what I am laying out here. 

This is not the future we want. 

Yours for Liberty,


Patrick Wood
http://www.AugustForecast.com