World War III and Coming Depression

Recently President Donald Trump threatened Iran saying he would “bomb them back to the Stone Age” if they don’t capitulate. But only by use of multiple nuclear weapons could that be achieved. His announcement horrified the world. Many political commentators took his statement as meaning just that.

The financial system of the world is still run out of the US Federal Reserve banking system. But with the rise of BRICS, especially the axis between Russia, China and Iran, the development of a multipolar world is now in sight. The US dollar is starting to lose some of its lustre.

The “closure” of the Strait of Hormuz to unfriendly nations’ oil shipments, along with those who are allowed to pass Iran’s tollbooth with a fee paid in Chinese Yuan, has sent the petroleum price skyrocketing, portending a global financial crash. Trump’s naval blockade will only make matters worse. So when all else fails they take you to war.

I have previously written on my analysis of the US Federal Reserve liabilities reflecting the financial state of the world back to 1914. Currency expansion creates real inflation by devaluing the purchasing power of the dollar. In my analysis I normalised the Fed’s published liabilities to 1914 dollars, so that the effect of credit creation and currency printing is taken into account.

For an introduction to this analysis read World War III Has Begun (at Least Against the Currency). And All Wars Are Banksters’ Wars.

Chart 1 shows my recently updated result when Federal Reserve liabilities data are normalised with the US M2 currency stock over the same period.

Source: Liabilities data for 1914–2026 from the Board of Governors of the Federal Reserve System, statistical release H.4.1, Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks, via FRED; and M2 money supply data for 1959–2026 from the Board of Governors of the Federal Reserve System, statistical release H.6, Money Stock Measures, via FRED.

The solid trend line (1) is a curve fit to the data between 1965 and 2003. The solid trend line (2) is a double exponential curve fit to the data after 2003. The dashed straight blue line (3) is a guide to the eye just touching the minimum dip points.

The label Bank Bailouts indicate when the Fed bailed out a few sinking Silicon Valley banks. Many more will becoming.

The two world wars are indicated by arrows pointing to the pink regions. Recessions are indicated by sepia-colored strips. QE is Quantitative Easing (credit creation). QT is Quantitative Tightening (credit contraction).

The wars in the WWIII time period include Russia v NATO/Ukraine and Palestine/Resistance Axis nations v Israel/USA. And we must include the Israel/US war against Iran.

The last 26 years of Chart 1 is reproduced below in Chart 2 for a clearer picture.

Now focussing on Chart 2 it is clear that since the Russian invasion of Ukraine in 2022 the Fed has been contracting credit (QT), extinguishing debt, except when for a short time it bailed out a few Silicon Valley banks in early 2023. The QT has continued until very recently. By the end of 2025 QE had begun again but only very slightly. Nevertheless the Liabilities curve (red data) has turned upward. Note the indicated trend line, dashed blue line (3).

If this continues the Fed will be in full QE again. But that is totally expected with the massive $1.5 trillion military budget requested by President Trump and an additional $200 billion he needs to fight Iran or open the Strait or whatever.

Add to that the economic fallout as countries around the world dump US treasuries and dollars to buy Chinese Yuan for them to buy oil coming through the Strait of Hormuz and to pay the Iranian tolls. Iran is requiring that the purchase of the oil be denominated in Yuan, hence the new global currency, the Chinese petroyuan, now replacing the US petrodollar.

So a global war is the only way for the US to get out of this looming global depression. In the past, each world war inflated economies, created a boom, which is seen in the expansion of credit in world wars I and II. But after the wars finished depression resulted. That means they need to go to war again. That keeps pumping up the currency supply and building useless munitions, which are only blown to pieces on the battlefield.

Only by credit tightening (QT) back down to the gradual linear curve (1) can the US get back to a normal growth condition. But to tighten even a little more than where it currently stands has the potential to blow up the system. Read Markets in Turmoil: Fed Must Pivot Soon. It looks like they are pivoting now.

The banksters need another Bretton Woods Conference and new global financial system because on the current trend line they will never get the Fed-created credit back to the baseline (1) which saw great prosperity.

I believe this is why Agenda 2030 and their Great Reset of global financial markets and even the Great Taking have been proposed. Using a system involving digital ID, programmable digital currency and global surveillance the globalist oligarchs hope to get everyone onto the blockchain and control all financial transactions. The year 2030 is not far off now, and the WEF oligarchs are openly speaking of digital currency and their Great Reset. Prepare accordingly.

Related Reading

https://biblescienceforum.com/category/economics/

Recommended Reading

• Book: Apocalypse Now: On the Revelation of Jesus Christ
• Book: Merchants of Death: Global Oligarchs and Their War On Humanity

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Philippine peso loses most among muted Asian currencies

https://web.brid.gy/r/https://interaksyon.philstar.com/business/2026/04/06/311568/philippine-peso-loses-most-among-muted-asian-currencies/

Philippine Peso One Of The Most Vulnerable Currencies Of Asia

With a lot of economic disruptions connected with the conflicts in the Middle East, the Philippine Peso has been exposed as one of the most vulnerable currencies of Asia and already the nation is struggling with spiked fuel prices and rising inflation, according to a business news report by the Manila Bulletin.

To put things in perspective, posted below is an excerpt from the announcement by the Manila Bulletin. Some parts in boldface…

Singapore-based DBS Bank Ltd stated that the Philippine peso is emerging as one of Asia’s most vulnerable currencies as deepening global oil crisis exposes the nation’s heavy reliance on imported energy and the lack of government subsidies.

DBS wrote in a commentary published last Friday that the peso is expected to underperform in the foreign exchange (forex) market alongside the Indian rupee, which recently hit a record low against the United States (US) dollar. The peso also plummeted to another all-time low last Friday, finishing at P60.55 per dollar.

Like India, the Philippines is grappling with vulnerabilities from oil price shocks, which have led the peso to reach a new all-time low, according to DBS senior forex strategist Philip Wee and forex and credit strategist Chang Wei Liang.

“Similarly, the peso remains highly vulnerable,” Wee and Liang said. Last Friday, the peso breached the 60.5 level as geopolitical tensions in the Middle East intensified, and the central bank stood firm in its view that there is no immediate need to defend the currency.

Wee and Liang said the Philippines stands as “most exposed to oil price pass-through due to zero subsidies and a 90 percent energy reliance on Gulf energy.”

Japanese financial giant MUFG Bank Ltd. and think tank Capital Economics also emphasized the Philippines’ high exposure to external market volatility, which is hurting the peso amid investors’ risk-off sentiment.

MUFG analysts said the peso is among the “weakest performers in the region” last week, declining by a total of 4.9 percent since the Israel-Iran conflict flare-up. It was surpassed only by the Thai baht, which has dropped 5.9 percent month-to-date.

Following the peso are the declines in the South Korean won (4.7 percent), Indian rupee (4.1 percent), and Malaysian ringgit (three percent). Meanwhile, the Vietnamese dong and Chinese yuan have been the most resilient currencies, with only around a one percent decline each.

DBS said that the Bangko Sentral ng Pilipinas (BSP) is facing a dilemma: it must contain skyrocketing consumer prices while defending the peso amid extreme vulnerability to the worsening energy crisis, with the impacts more pronounced in heavy oil-importing economies.

Citing metrics from an Institute of International Finance (IIF) study, Wee and Liang labeled the currencies of the Philippines, South Korea, and Malaysia as “somewhat vulnerable” to oil price spikes stemming from the Middle East war.

Such metrics include direct trade exposure to oil imports, the growth impact of oil usage intensity, and vulnerability to agricultural and fertilizer supply shocks.

DBS assessed India, Thailand, and Vietnam as the most vulnerable to oil market shocks, while China and Indonesia are the least sensitive.

Despite the peso’s recent weakness, DBS projects the local currency to rebound toward 57.8 per dollar by the end of 2026. However, the pair is also seen climbing back to 59.9 by late 2027 and remaining within the 59 level through 2030.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government of the Philippines and its economic managers will be able to execute moves to prevent strengthen the Peso ensuring economic growth?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Trump signature rumor sparks investor curiosity over future U.S. dollar changes

#Trump #USDollar #Investors #FinanceNews

https://meyka.com/blog/april-1-trump-signature-to-appear-on-us-dollar-bills-investor-watch-0104/

Boosted by rising demand, the US dollar rallied against its trading pairs to its highest positions in about a year, supported by geopolitical tensions and shifting rate expectations.

https://dmarketforces.com/us-dollar-nears-1-year-high-on-middle-east-war-advantage/

#USDollar

Trump’s Iran War May Mark the Beginning of the End for Dollar-Backed US Empire

https://murica.website/2026/03/trumps-iran-war-may-mark-the-beginning-of-the-end-for-dollar-backed-us-empire/