The U.S. national debt stands at $40 trillion, with Federal Reserve liabilities at $6.8 trillion, stemming mainly from credit creation since the 2008 financial crisis. Historical analysis shows substantial increases in debt during major wars, suggesting that contemporary conflicts may lead to unprecedented levels of war and debt, impacting the economy and society.

The Federal Reserve has now stopped quantitative tightening (QT), and moved to credit creation, quantitative easing (QE) once again. This signals global expansion of war as the only hope against the desperate condition of global finances, leading to a great depression.

I present the financial implications of wars and the involvement of international banksters in financing conflicts. The US Federal Reserve's liabilities show us past and potential future scenarios. The control exerted by banksters through monetary systems and the inevitability of a global financial reset is discussed.

Stock markets crashed globally after Japan raised interest rates, triggering fears of a U.S. recession. The Federal Reserve's potential interest rate cuts have been hotly debated. Here I update my prediction based on an analysis of quantitative tightening of the Fed's liabilities.