Financial analyst and author Robert "Bob" Moriarty believes it is time for people to educate themselves about the financial system so they can make the right decisions.
"One of the things that I tried to get across to people in interviews is that it's time for people to educate themselves and make decisions for themselves," he told the Health Ranger Mike Adams during the March 28 edition of "Brighteon Broadcast News." Moriarty also reiterated that people "cannot count on the government" in times of financial collapse.
According to Moriarty, the interest-bearing debt system from the Greek and Roman periods has led to the rise of creditor oligarchies in the modern period. Under such system, all money is made by being lent into existence by the bank that creates money – in the form of writing mortgages.
The financial analyst told the Natural News and Brighteon.com founder that the world is already "flooded with a sea of debt." Moriarty warned that the if the U.S. Federal Reserve and the European Central Bank lowered interest rates to zero or below zero, it will create a "ticking time bomb" that will cause the value of bonds to plummet the moment interest rates increase. Aside from bonds, the pension system and insurance companies are also under threat
Moriarty pointed out that the world is exactly in the same situation as it was from the time of Babylon – where the kings realized they couldn't afford to have all the farmers lose their property as it meant starvation. (Related: The "first worldwide global revolution" is now underway, says financial author Bob Moriarty.)
Russia-Ukraine war is about debt-based vs. resource-based system
Meanwhile, the Health Ranger said that given the entire financial system running on debt, it is mathematically impossible to pay debt back. He added that interest rate fluctuations, especially upward spikes, have caught the banking system off guard. Given this, bondholders have their investments wiped out and pension funds are in real trouble.
Adams also referenced the uprising in France related to pensions, which was triggered by French President Emmanuel Macron raising the retirement age from 62 to 64. He warned that this could spread to Germany, the U.K. and other parts of Europe. Moriarty attested to this, adding that a civil war is already underway in Israel.
According to Moriarty, the ongoing Russia-Ukraine war belies a much deeper conflict.
"My argument would be that this is all about money," Moriarty said. "The Ukraine-Russia conflict? It's not about Russia and Ukraine. It's really about the debt-based system of the West and the resource-based system of China and Russia. And quite bluntly, I think that is what we are going to end up with."
He also told Adams that the Fed is either tightening interest rates and blowing up the economy, or practicing quantitative easing toward hyperinflation. Despite projecting that either could happen, Moriarty emphasized that the central bank's actions have literally created total chaos in the banking system. People relying on banks, pension funds, insurance companies and government bonds have been screwed – and things are only going to get worse.
Moriarty ultimately proposed a solution: "Write off the debt and go to a gold-based system, and it will be a lot more prosperous to them than we are now."
Check out Collapse.news for more stories about the ongoing economic collapse.
Listen to this episode of "Brighteon Broadcast News" featuring Bob Moriarty's interview.
This video is from the Health Ranger Report channel on Brighteon.com.
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