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562 THE CREATURE FROM JEKYLL ISLAND
A PESSIMISTIC SCENARIO 563
There is little doubt that the master planners would prefer to
follow the more tranquil route. Patient gradualism is less risky. But
not everything is within their control. Events can get out of hand,
and powerful economic forces can become suddenly unleashed.
Banking crises can occur even without being deliberately caused.
On the other hand, the Cabal also knows that crises are useful
in driving the masses into the corral faster than they would
otherwise move. Therefore, the application of some kind of scientifically
engineered crisis cannot be ruled out. It could take many
forms: Ethnic violence, terrorism, plague, even war itself. But none
of that makes any difference. It will not alter our direction of travel
through time. It will only determine our specific route. Like a
flowing river, it may be diverted this way or that by natural
barriers or even by man-made channels, dikes, and dams, but it
eventually will reach the sea. Our concluding reflection, therefore,
is that it is relatively unimportant whether there will be a banking
crisis or any other cataclysmic event These are all secondary
assumptions which are meaningless. Our only real hope for
averting the new feudalism of the future is to change the Primary
assumption. We must change it to read: Present Trends Reversed.
SUMMARY
A pessimistic scenario of future events includes a banking
crisis, followed by a government bailout and the eventual nationalization
of all banks. The final cost is staggering and is paid with
money created by the Federal Reserve. It is passed on to the public
in the form of inflation.
Further inflation is caused by the continual expansion of
welfare programs, socialized medicine, entitlement programs, and
interest on the national debt. The dollar is finally abandoned as the
defacto currency of the world. Trillions of dollars are sent back to
the United States by foreign investors to be converted as quickly as
possible into tangible assets. That causes even greater inflation than
before. So massive is the inflationary pressure that industry and
commerce come to a halt. Barter becomes the means of exchange.
America takes her place among the depressed nations of South
America, Africa, and Asia—mired together in economic equality.
Politicians seize upon the opportunity and offer bold reforms.
The reforms are more of exactly what created the problem in the
first place: expanded governmental power, new regulatory agen-
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cies, and more restrictions on freedom. But this time, the programs
begin to take on an international flavor. The American dollar is
replaced by a new UN money, and the Federal Reserve System
becomes a branch operation of the IMF/World Bank.
Electronic transfers gradually replace cash and checking accounts.
This permits UN agencies to monitor the financial activities
of every person. A machine-readable ID card is used for that
purpose. If an individual is red flagged by any government agency,
the card does not clear, and he is cut off from all economic
transactions and travel. It is the ultimate control.
Increasing violence in the streets from revolutionary movements
and ethnic clashes provide an excuse for martial law. The
public is happy to see UN soldiers checking ID cards. The
police-state arrives in the name of public safety.
Eventually all private dwellings are taken over by the government
as a result of bailing out the home-mortgage industry. Rental
property is also taken, as former landlords are unable to pay
property taxes. People are allowed to live in these dwellings at
reasonable cost, or no cost at all. It gradually becomes clear,
however, that the government is now the owner of all homes and
apartments. People are living in them only at the pleasure of the
government. They can be reassigned at any time.
Wages and prices are controlled. Dissidents are placed into
work armies. There are no more autos except for the ruling elite.
Public transportation is provided for the masses, and those with
limited skills live in government housing within walking distance
of their assigned jobs. Men have been reduced to the level of serfs
are subservient to their masters. Their condition of life can
only be described as high-tech feudalism.
There is no certainty that the future will unfold in exactly that
manner, because there are too many variables. For example, if we
had assumed that there will not be a banking crisis, then our
journey would be different. We would not see long lines of
depositors or panic-buying in the stores or closing of the stock
market But we would still witness the same scenes of despair in
the more distant future. We merely would have travelled a
different path of events to get there. That is because the forces
driving our society into global totalitarianism would not have
changed one iota. We still would have the doomsday mechanisms
at work. We would have the CFR in control of the power centers of