He shared this sentiment with the Health Ranger Mike Adams during an appearance on the "Health Ranger Report." Webb told the Natural News and Brighteon.com founder: "The real power behind everything is the central banks and the people that control [these] central banks. They control all political parties, all the media [and] all the governments. It's just that we're reaching a point in time now where it is becoming quite apparent."
Webb continued that a sophisticated mechanism has been absolutely planned and implemented over the decades. Humanity got a taste of this when the Federal Reserve caused the collapse of the U.S. economy in the 1930s.
"I think people have come to understand that … everything was taken by precipitating a contraction in [the] money supply, and then suddenly closing all the banks. The only banks that were allowed to reopen were banks selected by the Federal Reserve System," said Webb, author of the book "The Great Taking." (Related: Federal Reserve will keep increasing interest rates despite worsening banking crisis.)
According to Webb, what the Fed did was destroy the part of the economy that wasn't under its control and didn't rely on central bank's credit creation. People and businesses that had high debt levels were in trouble because their assets could be seized. While this phenomenon has gone on for centuries, the only difference this time is that the Fed and other central banks can take the financial assets of people who believe they are debt-free.
In response to Adams' question whether this includes homes and vehicles owned by people, Webb clarified that he was pertaining to stocks and bonds. He stressed that real properties like homes that are owned outright without debt should be secured.
Central banks creating money from NOTHING
Adams, meanwhile, brought up the issue of different bank accounts such as checking, savings, corporate and personal accounts. In response, Webb said the insurance schemes of financial agencies like the U.S. Federal Deposit Insurance Corporation (FDIC) or the European Union's Single Resolution Board (SRB) is about two percent of insured deposits.
Individual banks have derivatives exposures larger than the global gross domestic product (GDP). Thus, the failure of one bank will surely exhaust the deposit insurance of $200 billion – in the case of the FDIC.
Adams noted that once the FDIC runs out of funds, the U.S. Treasury has to go and ask the Fed to print money. The Treasury can then fund the FDIC so it can bail out the banks, or let the banks fail – with everybody losing their deposits as a result.
Webb agreed, saying that financial institutions have talked about taxpayers not paying for the bank failures when they happen, something he called a misdirection or subterfuge. Adams commented that the public are going to suffer extreme losses, with cascading failures taking place.
Ultimately, the author and hedge fund analyst pointed out that people need to understand how the central banking power works. Central banks like the Fed and the Bank of England are creating money from nothing to buy treasuries.
The public, through the government, pays interest to the central bank on the created debt. This ability to create debt out of nothing and collect interest from the nonexistent debt is what provides central banks with the power they have.
"It is linked to warfare. They control the governments, the treasury, the militaries and the intelligence operations. They must have warfare to not only control things but to expand the debt, continue expanding the debt massively," Webb said.
"You can go back through history. The individual wars can increase the debt levels by a hundred-fold in a short time – and that basically is their business model. Warfare is their business model."
Follow Collapse.news for more news about the financial collapse being engineered by the Federal Reserve.
Watch the full conversation between the Health Ranger Mike Adams and David Webb below.
This video is from the Health Ranger Report channel on Brighteon.com.
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