“How did you go bankrupt?  Two ways. Gradually, then suddenly.” This quote appears in Ernest Hemingway’s 1926 novel The Sun Also Rises.

In the dialogue, the character Mike Campbell responds to Bill Gorton’s question with this line, highlighting how financial ruin often results from small, compounding compromises before a final, decisive collapse.

The following are my notes from a Chris Martenson video on the imminent collapse of all Western currencies.

Iran's goal now is to cause so much harm to the US that the Americans never again are able to do harm to them their either their military or through their sanctions, We have killed more than 100 times as many people with sanctions than we have with our bombs and bullets over the past 50 years..

A debt based currency system requires us to have faith. When we lose faith, the dollar dies suddenly.

All the flock cameras, the NSA surveillance and banking know your customer rules are a sign that the Uber Rich fear us. In Australia police are allowed to hack into our phones without a warrant even if they only think we are doing something they do not like.

The Epstein Class knows what the Great Reset means. It means that is the day when Bankers use Hyperinflation to take everything we ever worked for and ever owned is taken from us and is given to the Epstein Class. On that day, those billionaires will have faith that flock cameras will frighten 8 billion starving people into submission. I can guarantee that those silly plans will not stop hungry and desperate people.

Chris Martenson's example of exponential price increases (Hyperinflation.): The Chinese invented paper money which literally means "flying money." Marco Polo said that gold belonged to the Emperor. Silver belonged to merchants and landlords. Farmers use to bury silver so tax collectors could not seize it. Marco Polo thought it was funny that the common people only had "flying money."

At the end of American flying money, inflation will come at Americans exponentially faster. Humans think linearly and not exponentially. Chris offered an analogy he learned from from another source to explain an exponential growth in prices.

Thought Experiment. Imagine you are in a large sports stadium. You are sitting in a chair on the very top row and you are chained to the seat. (Common citizens are chained to using the flying money their government issued so they are figuratively in chains.) An agent of the Epstein Class drops one drop of water in your hand from his eye dropper. The man doubles the number of drops every minute. So after one minute he drops 2 drops of water. In another minute he drops 4 drops. In 5 minutes you have filled up a thimble. Question: How long do you have to break free from your chains? You have 50 minutes before the stadium is completely filled with water. The insane part is this: At what time is the stadium 97% still empty space? Answer: In the first 45 minutes only 3% of the stadium is filled with water. We are at that exponential end of American flying money right now. we probably have way less than 5 minutes left.

The US federal debt took from the creation of the Federal Reserve in 1913 until 2020 to accumulate its first $20 trillion in government debt. It took just 6 years to double that to $40 trillion. In July of 2026 the US Treasury deficit was $422 billion so you can see where this is going.

The above was from the Chris Martenson interview though I freely added my comments. What follows is my editorial on flying money and  modern America.

President Woodrow Wilson allowed agents of the Rothschilds, Rockefellers and Warburgs to create the Federal Reserve Bank in 1913. The Bankers decided to give Americans another flying money, the Federal Reserve Note, instead of a non-interest bearing currency like President Lincoln's Greenbacks. The Bankers decided for us they would be allowed to create our money out of thin air as debts on which we would pay interest. In 1913 the Epstein Class dropped one drop of water on us.

In 1914 Europe got into WW I. President Wilson's objective was to loan money to Britain and promise to end the war some day in the future. Wall Street's goal was to keep WW I to bankrupt, Britain, France, Russia and Germany so American flying money could become the reserve currency of the world. The US entered the war in 1917. The war ended in 1918. The Germans after the war had many multiples of printed flying money than they had before the war, but prices did not immediately rise exponentially. Why not? Because as Chris explained, "debt based currencies are faith based systems." People in normal times trust their government, their bankers and the press. But when that trust dissolves prices rise exponentially.

An example, would be the German farmer who had borrowed money through a mortgage to buy his small farm before the war. After the war, he sold one egg and paid off all of his mortgage. That was Germany's experience with the Great Reset. The German people lost everything. The Bankers took everything. That is the future of the world outside Russia, China and Iran.

In 1929, there were 123 million Americans. The money supply which had been created through debt was cancelled when those debts were cancelled in either bankruptcy court or in foreclosures. The money supple was cut 31% by 1933. Instead of allowing the Treasury Department to print debt free Greenbacks, which were not interest bearing and debt based, both the Democrat and the Republican Presidents decided to let at least 3 to 4 million Americans starve to death. Some American professors who have studied this Great Starvation said the as many as 7 million Americans had died of starvation in the 1930s. That is an example of the Uniparty which ruled America even back then. We had to wait for WW II for the US government to print enough flying paper to end the starvation.

 The war against Iran has brought everything to a head. The price of diesel in the wealthy nations and the price of fertilizer in the Global South have given previously wealthy people the same immediate goal as the poor of the Global South. American trains, trucks and agriculture run on diesel. The futures price of oil is not that high yet. But the price refiners pay for the oil they turn into diesel and jet fuel is much higher. The US Strategic Petroleum Reserve is near bone dry. In less than a month store shelves will be empty due to a lack of diesel. 

In the Global South they need fertilizer right now because they have been planting without fertilizer as they cannot afford it. The Global South will lose at least 300 million people to starvation and what I have called SIV (Starvation Induced Violence.)  The wealthy nations and the Global South have the same Timeline which is stop the war and open the Strait of Hormuz as soon as possible.

Hint: When food becomes scarce in the Global South, their politicians will stop exporting food to the formerly wealthy nations who already are suffering from higher food prices. Imagine what happens in the streets of Europe when there is no food in the stores. Now imagine what happens in America where anyone can get a gun and shoot anyone who has enough money to buy food.

Then there is Iran's Timeline. To repeat Iran's goal is to keep the Strait of Hormuz closed so America will be so impoverished financially and so weakened militarily that  the US can never kill anyone anywhere with  their bombs or starve them to death with their sanctions. When American flying money is worthless, Wall Street will no longer be able to use sanctions to force anyone anywhere to do anything.

Americans know there are a few areas in the US where the wealthy live. There is one such place only 2 hours drive from my place. Half of the wealthiest counties in the US are near Washington DC. Why is that? Because being in charge of the flying money pays very well. In the US the Epstein Class owns both political parties. The people near DC are liberals and Democrats. They and Iran both want the Iranian Timeline to succeed. They do not seem to realize what happens when the Dollar Dies. The wealthy have never seen people desperate to feed their children except in documentaries. The Democrats see the Iran war as a great boon to them. They take over the Congress in November of 2026, impeach Trump and everyone in his cabinet and everyone who worked for him in 2027. And then in 2028, they win the presidency and pack the Supreme Court ending the semblance of democracy forever. Dream on.

What liberals in America do not realize is that the rest of the country despises both them and the Epstein Class. I remember an article from the British paper, the Guardian, more than a decade ago. They said that there are more than 7 million Americans who individually own 40 or more guns and 100,000 or more bullets. There is no other country like America in that respect. 

If diesel runs out in September, will there even be elections in November?

Let that sink in. 

Hopefully, the Global South will tell the Iranians that hundred of millions of their people will die if the Strait of Hormuz is not opened NOW. BRICS meets in India in September.

President Vance negotiated the Memorandum of Understanding with Iran that Trump violated after signing it in Versailles just over 2 moths ago.

When I say President Vance, I am saying that Trump must be removed from office if we are to survive until November. That is what the 25th Amendment is for. Democrats lost an election because they refused to remove a senile Biden from the presidency. The Uniparty must come together and save the country from the parasitic Epstein class.

 That is the end of my editorial/ The Martenson interview is below.

(My apologies. The host is very young and does not realize that Israel did 911,)

U.S. DEBT EXCEEDS $40T FOR THE FIRST TIME IN HISTORY - w/ Chris Martenson