Armstrong Eonomics Blog/Corruption Re-Posted May 2, 2023 by Martin Armstrong
QUESTION: Mr. Armstrong; With Mexico pushing to nationalize mines claiming it is targeting lithium, many see this law as opening the door to seizing all mines. You have always warned that as we move closer and closer to 2032, governments will become more authoritarian because they feel that they are losing power. Do you see mines becoming a target when they cancel the paper money and force everyone into government digital currency since gold will be the obvious alternative?
Thank you for sharing your experience. I am sorry for what they did to you, but the positive outcome is first we now know you are not one of them, and secondly that we would never have had access to Socrates. You have your sweet revenge for you are now much more widely known than had you remained exclusive.
Keep that stiff upper lip, as they say.
ANSWER: Yes, I have heard that many times. I was shocked that just 3 months after my release I held a conference mainly because they wanted to shoot the movie The Forecaster. I was totally stunned when people were flying in from around the world. When I asked why they came, they said they wanted to make sure it was really me writing and not the government using my name. That was a surprise but it also shows how much people did not trust the government and that was 12 years ago.
RULE #1 – There are no rules in times of crisis. The government will do whatever they want and it is up to the people to challenge them in court.
In Youngstown Sheet & Tube Co. v. Sawyer, also known as The Steel Seizure Case, which made it to the Supreme Court where they ruled against President Truman by invalidating his seizure of the nation’s steel industry. In doing so, the Court limited the extent of the powers of the President of the United States under the Constitution. That was then. Biden has done some outrageous actions all with executive orders that defeat Congress and any democratic system.
Back in 1917, President Wilson nationalized the railroad industry to keep workers from striking during WWI. Truman could do something similar via Executive Order, but he had other options as well. In 1947 Congress passed the Taft-Hartley Act, which banned strategies to help workers organize unions and limited the president’s power to seize industries during times of labor unrest. This allowed Truman to force workers back to work for 80 days while negotiations continued between labor and management. In 1948, an amendment was added to the Selective Service Act, allowing the president to seize industry facilities that were unable to fill their government orders for wartime products. The steel industry was not defaulting on its order obligations; however, as commander-in-chief, the president could make all military decisions for the United States, including mobilization efforts.
The story of the Youngstown decision begins with war. In 1950, the United States became involved in the Korean War when North Korean forces invaded the Republic of Korea. President Truman, without a Congressional declaration of war, sent troops to South Korea. In doing so, President Truman became the first president to involve the United States in a major war without specific authorization from Congress.
We must understand that this is the precedent. Biden will pull the same thing and get us involved in World War III and will circumvent Congress if the Neocons think Congress will not declare an act of war. People will say but that is unconstitutional. We ended up in the Korean War with no declaration of war either.
Herbert Hoover launched an investigation into the Great Crash based on a phone call where someone alleged that people manipulated the market down to discredit his administration. His investigations launched the SEC. In his memoirs, he apologized admitting that something the government will burn down the barn to a single rat.
They can seize gold mines and do the same to cryptocurrencies. Anyone who thinks there is some rule of law that will protect them – good luck. This is why I recommend coins and NOT bars for precious metals. Just as in the EU, they have made it illegal for a hotel to accept cash, they will do the same to cryptocurrencies and probably gold bullion. Already in Europe, it is ILLEGAL to pay for anything in excess of €10,000 in cash.
Anyone who thinks that by some miracle cryptocurrency will run parallel to the government’s digital currencies when they eliminate cash probably smoked too much when they were in college. They will not tolerate any competition. As we approach 2032, they will become much more aggressive and destroy everything we thought was our basic human right. Just look at what Trudeau did in Canada not to the Truckers, but froze anyone’s account to even donated money to them.
We do NOT live in a free society nor in a democracy at all. Because of their fiscal mismanagement, they have killed the economy, and now to prevent an uprising when the people figure it all out, they will become increasingly more authoritarian.
Edward Gibbon wrote of Caracalla: Each
“distinction of every kind soon became criminal. The possession of wealth stimulated the diligence of the informers; rigid virtue implied a tacit censure of the irregularities of Commodus; important services implied a dangerous superiority of merit; and the friendship of the father always insured the aversion of the son. Suspicion was equivalent to proof; trial to condemnation. The execution of a considerable senator was attended with the death of all who might lament or revenge his fate; and when Commodus had once tasted human blood, he became incapable of pity or remorse”
(Book 1, Chapter 4).
On April 8th, 217AD, Caracalla was traveling to visit a temple near Carrhae in southern Turkey. On his journey, he stopped briefly to urinate. A soldier quietly approached Caracalla and stabbed him to death. Such is the fate of tyrants. When the military realizes that the enemy is within, they will eventually turn and defend the people. That is what history offers as an important lesson. They are going to do everything to stop Trump from becoming president because he is not a politician and now knows the game. He would fire all the Neocons and they will sooner assassinate him than relinquish the power they have seized under Biden. They have begun WWIII against Russia and China without a declaration of war as was the case against North Korea.