Once enough suffering had been dealt to the populace, globalists and extreme leftists would arrive on the scene to offer anti-populism as a solution; meaning the centralization and socialization of everything on a scale never before witnessed except perhaps in the darkest days of the Bolshevik Revolution.

This theory allowed me to predict the success of the Brexit vote in the UK, Trump’s entry into the White House, the Federal Reserve’s interest rate hikes and balance sheet cuts into economic weakness, and now it is looking more and more like my March prediction of a “No Deal” Brexit will turn out to be correct with Boris Johnson rising to the position of Prime Minister. So, I continue to stand by it.

By extension, for a couple of years I have been examining the strange correlations between the background and policies of Donald Trump and the background and policies of Herbert Hoover; the Republican president that oversaw the great crash of 1929 and the beginning of the Great Depression.

One of Hoover’s first actions as president in response to the fiscal tensions of 1929 was to support increased tax cuts, primarily for corporations (this was then followed in 1932 by extensive tax increases in the midst of the depression). Then, he instituted tariffs through the Smoot-Hawley Act. His hyperfocus on massive infrastructure spending resulted in U.S. debt expansion and did nothing to dig the U.S. out of its unemployment abyss. In fact, infrastructure projects like the Hoover Dam, which were launched in 1931, were not paid of for over 50 years. Hoover ended up as a single-term Republican president who paved the way socially for Franklin D. Roosevelt, an thinly disguised communist and perhaps the most destructive president in American history.

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:

“In short, according to Friedman and Schwartz, because of institutional changes and misguided doctrines, the banking panics of the Great Contraction were much more severe and widespread than would have normally occurred during a downturn.

Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.”

Of course, the Fed IS doing it again. For over a year and a half the Fed has been instituting liquidity tightening into economic weakness at the onset of the crash of one of the biggest financial bubbles in the history of the economic world. It is a bubble they created with the intention of deliberately imploding it, and the process has already begun. As I have noted numerous times, the crash in fundamentals is well underway, with almost every sector of the economy in retreat except the three indicators that the Fed and the government statistically manipulate: GDP, employment, and stock markets.

Trump is not innocent in this scheme, either. After months of rightly criticizing the Fed during his campaign for inflating a fake economy and stock market, Trump pulled a 180 on his supporters after becoming president and has now attached his administration so completely to the Everything Bubble (and stock markets in particular) that it is assured he and his conservative followers will take the blame as it collapses.

I am also not the only person noting the comparison between Trump and Herbert Hoover. Trump’s similarities to Hoover are being mentioned endlessly the past year in the mainstream and leftist media with a particular focus on the trade war. Trump’s trade conflicts are providing the perfect cover for the banking elites to pull the plug on the economy, while escaping any blame. The narrative is being set up for a crash and the plan is to make populists, nationalists and sovereignty activists the scapegoats.