Hello everybody and thank you for tuning into this special report.

The Great Recession began in 2007.

It didn't take long for the money managers to recognize its severity,

and that a little tinkering with interest rates would not suffice in dealing with the economic downturn.

In December 2008, the first of four quantitative easing programs began, which did not

end until December 18th, 2013. Some very serious consequences of this policy of unprecedented credit creation

have set the stage for a major monetary reform of the Fiat Dollar System. The dollar status as the reserve currency of the

world will continue to be undermined. This is not a minor matter as our

financial system unravels,

the seriousness of it will become evident to all

as the need to pay for our extravagance becomes obvious.

This will make the country much poorer,

though the elite class that manages such affairs

will suffer the least.

By the time the QE's ended, the Central Banks of the world had increased their balance sheet by $8.3 trillion,

with only $2.1 trillion worth of GDP growth to show for it.

This left 6.2 trillion dollars of excess liquidity in the banking system that did not go where the economic planners had hoped.

Central banks now own 9.7 trillion dollars of negative interest yielding bonds.

The financial system has been left with a bubble mania, financed by artificial credit and unsustainable

debt. The national debt in 2007 was $8.9 trillion. Today it's $20.5 trillion dollars.

Rising interest rates will come,

and that will be deadly for the economy and the federal budget.

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