Category Biden is going to finish the job of destroying America “that Obama Started”
104 US College Have Not Repealed COVID Vaccine Mandate
Armstrong Economics Blog/Disease Re-Posted Aug 7, 2023 by Martin Armstrong
“No College Mandates” is a group of parents, doctors, nurses, professors, and students who are working to end COVID-19 vaccination mandates. Many believe that mandates have ended, especially after the overwhelming evidence of the inefficiency of the vaccine. Yet, 104 colleges in the US continue to demand that students provide proof of vaccination to attend.
Some of these colleges have even exempted faculty from receiving the jab. Rules for thee, not for me! Teens are willing to take the jab because they want to go to their desired college. Many are forced to go to in-state schools for financial reasons and their options may be limited. For example, Rutgers University in New Jersey has a Student Immunization Portal where everyone is required to upload their vaccination records. Those who fail to do so are listed as “non-compliant” and cannot attend in-person classes.
There are few exemptions available. One student of Earlham School of Religion had her religious exemption revoked – that’s right, a religious school denied her religious exemption. When they reimplemented the exemption, she faced “increased animosity among classmates and alumni,” and said that two students yelled and spit on her and her mother. Remember, the mass media and politicians told us it was “a pandemic of the unvaccinated,” as Joe says in the video above. This poor girl did not feel safe enough to attend her own graduation, and the school removed her alumni email. She is now suing the school.
College continually seems less appealing. Students go into non-dischargeable debt that they carry for most of their lives. Then they cannot find jobs in their field of study. And now, they must choose between college or possible death from the experimental vaccine.
Sunday Talks, Bill Barr Says “Of Course” He Would Testify Against President Trump
Posted originally on the CTH on August 6, 2023 | Sundance
This guy really is the worst of the worst. I do not think I could dislike him more. Remember, Bill Barr appointed John Durham officially as a special counsel quietly without informing the public in October of 2020, specifically intended to block President Trump from declassifying any documents prior to the 2020 election. We do not discover the official appointment until December, after the 2020 election.
The intent of the Durham appointment was to create the oft used silo of an “ongoing investigation” to block inquiry and/or action by President Trump. The entire process of the DC silo deployment is one long continuum, as we have previously outlined. Michael Horowitz was an investigative silo (blocking document release), Robert Mueller was an investigative silo (threats of obstruction blocking document release), John Durham was an investigative silo (blocking document release), and ultimately, now Jack Smith is an investigative silo, retrieving documents from Mar-a-Lago and blocking document release.
You will note that every single one of John Durham’s investigative pathways was to look at Trump-Russia fabrication and corruption outside government, outside Washington DC. None of the Durham investigation was focused inside government or inside the institutions that he and Bill Barr were protecting. Bill Barr was the Bondo, John Durham was the spray paint.
Today, Bill Barr when asked if he would testify against President Trump, says “of course” he would. WATCH:
MAJOR GARRETT: We turn now to Bill Barr, who served as former president’s attorney general until he resigned following the 2020 election. Bill, it’s good to see you.
FORMER ATTORNEY GENERAL BILL BARR: Good to see you.
MAJOR GARRETT: Last time you’re on the show, you said “the January 6 case will be a hard case to make because of First Amendment interest.” Having read the indictment, is that still your view?
FMR. ATTORNEY GENERAL BARR: Well, it’s- it’s certainly a challenging case, but I don’t I don’t think it runs afoul of the First Amendment. There’s a lot of confusion about this out there. Maybe I can crystallize it. This involved a situation where the states had already made the official and authoritative determination as to who won in those states, and they sent the votes and certified them to Congress. The allegation essentially by the government is that at that point, the president conspired, entered into a plan, a scheme, that involved a lot of deceit, the object of which was to erase those votes, to nullify those lawful votes.
MAJOR GARRETT: To disenfranchise people?
FMR. ATTORNEY GENERAL BARR: Right. And there were a number of things that were alleged. One of them is that they tried to bully the state authorities to withdraw their certification by citing instances of fraud and what the- and what the indictment says is, the stuff that they were spouting, they knew was wrong, and false. This is not a question of what his subjective idea was as to whether he won or lost. They’re saying what you were saying consistently, the stuff you were spouting, you knew was wrong. But it’s not- if that was all it was about, I would be concerned on First Amendment front, but they go beyond that. And the other elements were the substitution of bogus panels, that were not authorized panels, to claim that they had alternative votes. And then they- and that was clearly wrong, and the certifications they signed, were false. But then pressuring the Vice President to use that as a pretext to adopt the Trump votes, and reject the Biden votes, or even to delay it, it really doesn’t matter whether it’s to delay it, or to adopt it, or to send it to the House of Representatives. You have to remember, a conspiracy crime is completed at the time it’s agreed to and the first steps are taken.
MAJOR GARRETT: That’s it?
FMR. ATTORNEY GENERAL BARR: That’s when the crime is complete.
MAJOR GARRETT: From a prosecutor’s point of view, is this a case you would have brought?
FMR. ATTORNEY GENERAL BARR: Well, from a prosecutor’s standpoint, I think it’s a legitimate case.
MAJOR GARRETT: But from an Attorney General’s point of view?
FMR. ATTORNEY GENERAL BARR: But I think there are other considerations, and I would have taken those into account. But I’ve also said consistently, really, the rubicon was passed here, when- when Attorney General Garland picked Smith, because the kinds of decisions, the kinds of judgments that would say don’t bring the case, really have to be made by the Attorney General. And he picked a prosecutor. And I think at that point, the decision was, if there’s a case, we’re going to bring it. That’s when the rubicon was passed.
MAJOR GARRETT: Were you interviewed by the Special Counsel?
FMR. ATTORNEY GENERAL BARR: I’m not going to get into any discussions–
MAJOR GARRETT: Would you appear as a witness if called?
FMR. ATTORNEY GENERAL BARR: Of course.
Major Garrett: Could you describe your interactions with the President on this question about whether or not he won or lost and what you told him?
FMR. ATTORNEY GENERAL BARR: Well, I wasn’t discussed- well, I go through that in my book in painstaking detail, but on three occasions, at least, and I- I told him in no uncertain terms, that there was no evidence of fraud that would have changed the outcome that we–
[CROSSTALK]
MAJOR GARRETT: — One of those associated with a Trump’s defense team had said, if you were called as a witness, they would cross examine you, and pierce all of that by asking you questions that you couldn’t, to their mind, credibly answer about how thorough that investigation was that led you to tell the President what you told him? How thorough was that investigation?
FMR. ATTORNEY GENERAL BARR: Well, I- I think it satisfied us that there was no basis for concluding that there had been fraud in those instances. Some of them are obvious, okay. One that he keeps on repeating is, you know, that there were more- that more people voted then absentee ballots that were requested, and that was mixing apples and oranges. And once that was explained to him, we should- we should have heard no more about that. Others required further investigation, interviews and so forth and those were done.
MAJOR GARRETT: I want to get your thoughts on Hunter Biden. On December 21, your last day, or nearly your last day, in 2020 in the role of Attorney General, you said, “I think it’s being handled responsibly and professionally currently with the department.” This is the Hunter Biden investigation. “And to this point, I have seen no reason to appoint a special counsel.” Do you believe a special counsel should be appointed now in the Hunter Biden matter? And do you regret not appointing one then?
FMR. ATTORNEY GENERAL BARR: No, because the–
MAJOR GARRETT: To which? To which? Should one be appointed now?
FMR. ATTORNEY GENERAL BARR: When I was the attorney- in order to appoint a special counsel, you have to have a conflict, or should have, a conflict of interest. I had no conflict of interest investigating Hunter Biden. If there was a conflict it would be Garland’s, and he had to make the decision when he took office as to whether or not it could be fairly handled in the department or whether or not a special counsel was necessary. I felt that if I prejudged that and preempted his decision, it would actually set things up that he would have probably, or the administration, would have just canceled the investigation, and I felt he would keep our U.S. attorney in place. But once Garland came in, he had the responsibility of determining whether a thorough investigation was being done and was being done fairly.
MAJOR GARRETT: Do you believe a thorough investigation has- has been conducted?
[CROSSTALK]
FMR. ATTORNEY GENERAL BARR: Well I did agree with the- the House Republicans that there was a time where he should have appointed a special counsel.
MAJOR GARRETT: Is that time passed?
FMR. ATTORNEY GENERAL BARR: Well, practically, it may have passed, because there’s not pretty much time to get to the bottom of things, unless Weiss has been doing it conscientiously. And we have to hear from Weiss as to what he’s done–
MAJOR GARRETT: The U.S. attorney in Delaware?
FMR. ATTORNEY GENERAL BARR: Yeah. Yes.
MAJOR GARRETT: Do you believe, as you said earlier, that there was a lot of shameful self dealing and influence peddling in regards to Hunter Biden, and if so, do you believe those are criminally prosecutable actions?
FMR. ATTORNEY GENERAL BARR: Okay, well remember- one thing I stress is those are two different questions. Right? And, you know, things can be shameful without being illegal. And I- yes, I thought- I think it’s grotesque, cashing in on the office like that, apparently. But I- I think it’s legitimate. It has to be investigated as to whether there was a crime there. And that’s one of the things I’m concerned about, is that it was thoroughly investigated after I left.
MAJOR GARRETT: You’re concerned still, whether or not it was thoroughly investigated?
FMR. ATTORNEY GENERAL BARR: I don’t know. I would like to hear about it. I mean, some of the whistleblowers raised concerns in my mind, there’s reasons- before the election, there were reasons to defer certain investigative steps under Justice Department policy, but after the election, I don’t see reasons for deferring investigative steps. And apparently someone said it was the optics. Well, what are the optics? You know, after the election, that it was the president elect’s son, that’s not a reason not to investigate.
MAJOR GARRETT: William Barr, we thank you for your time very, very much. “Face the Nation” will be back in just one moment. Please stay with us.
A Non-Pretending Discussion About Barack Obama
Posted originally on the CTH on August 4, 2023 | Sundance | 512 Comments
Every once in a while, you stumble upon an article that is insightful and valuable. This outline is intended to draw everyone’s attention to one of those articles. ~ SEE HERE
Writing in Tablet Mag, David Samuels outlines his discussion with very well-respected historian David Garrow about Barack Obama and Dr. Martin Luther King, but mostly about Obama.
It is an intensely interesting albeit very long read, much of it drawn from a transcript of the conversation initiated by Samuels about the research Garrow did for his 2017 book on Obama called “Rising Star.”
The type of intense, deeply cited and granular research that David Garrow did for his book, is the type of research historians 50-years from now will be citing as they outline the legacy of President Obama. This is also the type of research and non-pretending analysis you will never see approved for conversation by those who currently maintain the false pretense of the subject.
“I doubt that in the long run, Obama’s foreign-policy failures are going to be seen as the most important part of his legacy. I think future historians are going to look at the Obama presidency and see it as the moment when this new oligarchy merged with the Democratic Party and used the capacities of these new technologies and the power of this new class of people, the oligarchs and their servants, to create a new apparatus of social control. How far they can go with it, what the limits are … you see them trying to test it out every week or so.” ~ David Samuels
Garrow and Samuels both discuss Barack Obama in a way that is extremely accurate; as a result, antithetical to the populism that surrounds the former President. People who have followed political events will bathe in the truthfulness of the discussion. Obama, a man created by his own intent and purpose, to present himself and his transitional identity to a select audience of affluent white liberals. This audience would help Obama achieve his narcissistic life goal to have a “valet and private plane”, while simultaneously assuaging their white guilt. The plan worked swimmingly.
Samuels talks about the curiosity of President Obama maintaining his residence in the nation’s capital, an often-visited command center in Washington DC, where important members of the current administration assemble at times, and secret service vehicles are often spotted coming and going. Yet, for some odd reason, the DC media network who are directly responsible for tracking and outlining the comings and goings of those in power, are seemingly incurious about this home/headquarters.
[…] Samuels: “The easy explanation, of course, is that Joe Biden is not running that part of his administration. Obama is. He doesn’t even have to pick up the phone because all of his people are already inside the White House. They hold the Iran file. Tony Blinken doesn’t.”
[Garrow interjecting] “Rob Malley was the guy on that.”
Samuels: “Rob Malley is just one person. Brett McGurk. Dan Shapiro in Israel. Lisa Monaco in Justice. Susan Rice running domestic policy. It’s turtles all the way down. There are obviously large parts of White House policymaking that belong to Barack Obama because they’re staffed by his people, who worked for him and no doubt report back to him. Personnel is policy, as they say in Washington.
Which to me is a very odd and kind of spooky arrangement. Spooky, because it is happening outside the constitutional framework of the U.S. government, and yet somehow it’s been placed off the list of permitted subjects to report on. Which is a pretty good indicator of the extent to which the information we get, and public reactions to that information, is being successfully controlled. How and by whom remain open questions, the quick answer to which is that the American press has become a subset of partisan comms.” (link)
There is a perspective of genuine historically correct discussion between Samuels and Garrow that is very interesting. Factually, there are a lot of reference citations in the Obama tenure that reconcile well with how Garrow outlines the process inside the mind of Barack Obama.
You might remember, the day after the Sept 11, 2012 attack on the U.S. consulate in Benghazi, Libya, a seemingly detached Obama hops a flight aboard AF1 that morning at 6:00am to go west campaigning and collecting donor checks in Nevada and California. The ego legacy superseding the potential for damaging political consequences.
In addition to Garrow outlining the lack of deep consequential relationships in the life of Obama, a man perpetually unmoored from any roots or familial guidance, able to morph himself to the framework of an image he also was responsible for creating – there are a lot more events in/around the era of Obama that reconcile.
I am going to draw attention to one such example, because this is the first time I have seen anyone, other than myself, connect the dots of the new surveillance state to the intents and purposes of Obama’s tenure in office. As noted during the conversation, David Samuels says…
….”So Obama starts out as an eloquent opponent of the Patriot Act, etc., etc. By the end of his presidency, his people are unmasking intercepts of his political opponents every day, and the FBI is spying on Donald Trump.”…
The response from Garrow is as succinct as it is accurate, “that’s right!”
This is my happy place. I cannot tell you how refreshing it is to see an article that drops all of the pretending and starts to talk about the reality of our situation. If we stop pretending we unite as a country, because we all start to accept the same baselines.
The fraud that has been purposefully deployed as a tool for fundamental change, can only exist if people pretend that fraud and corruption does not exist. Stop pretending, and the sunlight of commonality begins to unite our nation.
This weaponized national security state will be the legacy of President Obama.
While future historians may reference the obvious failures in almost all of Obama’s foreign policy, specifically the events in the Middle East and ISIS manifest, the core of what will be attributed to President Obama will be the weaponized surveillance state using all the tools created, fine-tuned and deployed during his time in office.
All of that machinery within the, DHS, NSA, FBI, DOJ-NSD, ODNI, is still running on autopilot – massively controlling the mechanics of communication and social media, thanks to the pathways, networks and systems President Obama authorized.
More to follow…
Democrats Knew About the Biden Crime Family
Armstrong Economics Blog/Corruption Re-Posted Aug 3, 2023 by Martin Armstrong
The story began by claiming Joe Biden had never once contacted Hunter’s business associates. There was a video circulating for years of Joe Biden bragging about threatening to withhold $1 billion in aid to Ukraine until they fired prosecutor general, Viktor Shokin, to help out his son. Trump asked Zelensky to investigate Burisma and the Biden crime family, which backfired and resulting in Trump in the hot seat.
“I have never spoken to my son about his overseas business dealings,” Joe said at a Democrat fundraiser in Iowa in 2019. Trump asked Biden to explain what “10% to the big guy” regarding another scandal. Then too, Trump was accused of misspeaking.
Then we had the numerous trips Hunter took on Air Force II to accompany good old dad. The laptop from hell revealed everything, but intelligence agencies denied its existence up until a few months ago. Cathay Bank came out and said the Bidens were funneling money. A WhatsApp message sent by Hunter Biden was recently revealed where he threatened an executive by saying he is sitting right next to his powerful father. The evidence is overwhelming, but the Democrats and every intelligence agency have protected the Biden crime family.
Now, the Democrats admit that Joe DID have involvement in the Burisma deals. “Hunter may have put his father on the phone with any number of different people, and they never once spoke about any business dealings,” Democrat Rep. Daniel Goldman said. “As he described, it was all casual conversation, niceties, the weather, ‘what’s going on?’…“It’s kind of a preposterous premise to think that a father should not say hello to people that the son is at dinner with. And that is literally all the evidence is,” he added.”
This is a completely disgusting abuse of power that amounts to treason. What grown man asks his father to speak on the phone with his business colleagues? They could have at least attempted to lie. They are threatening Trump with every lawsuit under the sun while Biden, a known traitor to the United States, walks/stumbles freely.
The Merging of Intent – Community Organizing and Main Justice
Posted originally on the CTH on August 1, 2023 | Sundance
Until the era of Barack Obama and Eric Holder, the efforts of the community activists were to excuse and absolve the transparently guilty. It was only when Barack Obama and Eric Holder moved into office that things changed; the inflection point was achieved.
What we now consider the weaponization of the DOJ is actually the outcome of Main Justice merging with community activism. Instead of the long-standing method of absolving the transparently guilty, the justice system was repurposed to accuse the transparently innocent.
Only one voice noticed the changed activity as it was taking place and called my attention to it, that voice was author Jack Cashill.
From the Henry Louis Gates (beer summit) in the White House, which targeted Sgt James Crowley, to the accusations against George Zimmerman (Orlando), Darren Wilson (Ferguson), the Baltimore Six accusations, and all the way through to Donald Trump, Michael Flynn et al, there is one continuum of the same justice system ideological effort – to accuse the transparently innocent. To weaponize the systems of power toward a unified objective.
In the early stages of 2009 to 2012, the media were probed and prodded, tested to identify their willful alignment and train them to assist. In essence, the goal was to bring the corporate media into the new shifted dynamic of targeting. The media no longer needed to justify the actions of the transparently guilty offenders. The new goal was to frame the transparently innocent with accusations that advanced the interests of the regime.
People have noted the shift and realignment in Democrats. This is all connected to this same shifted dynamic. The activists gained control of the levers of power. The force of government now shifted the media narrative from bad behavior (targeting the guilty the activist supported) to good behavior (targeting the behavior of innocents the activists do not support).
While this media effort was taking place, Attorney General Eric Holder was transforming the DOJ into an ideological targeting enterprise. Eventually, leading to what is visible now with a fully weaponized Main Justice and FBI system. The FBI now protecting the interests of those who weaponize – those who are corrupt.
The 2011/2012 Tea Party targeting did not originate in the IRS; it began with Eric Holder triggering a “special research project” requesting CD ROM’s containing the names, organizations and entities listed on the Schedule-B’s of the various Tea Party group tax filings. The IRS, via Lois Lerner, was eventually identified in this project by a whistleblower from the Cincinatti office, but it was Attorney General Eric Holder at the DOJ who initiated the entire operation.
The NSA database then became a tool with similar “special research” intent, and that process followed through the 2016 GOP presidential primary to the position it is today. The infiltration of Social Media platforms for this same type of targeting operation is another step in the continuum to notice.
If you step back from the granular details and look at the entire landscape, you can trace this origin to the inflection point where community activism merged with government. That merge to generate a weaponized DOJ is entirely the result of President Obama’s 2008 election.
There are current voices who notice the Obama operative fingerprints still controlling the mechanisms today; examples like Lisa Monaco as Deputy AG at the Dept of Justice, as well as many more Obama administration officials still in positions of power and direct influence. Special Counsel Jack Smith and his targeting operation against Donald Trump is simply another example of this extended operation.
All of these participants have some level of stakeholder investment in retaining this weaponized system. Every tool at their disposal will be used in the retention.
Moving forward to destroy the corruption means we must first accept the origin.
Understanding the toxic outcome of the Obama origin, a fully weaponized American government, is akin to having a discussion about vaccine danger with those who already took the vaccine. Few will want to accept the conversation!
…After all, it is easier to accept the results of a fraudulent election, than for them to admit their complicity in the demise of our nation.
P
The Biden Administration From Hell
Armstrong Economics Blog/WOKE Re-Posted Aug 1, 2023 by Martin Armstrong
I have dealt with governments around the world. NEVER in my entire career have I EVER witnessed an administration so intent upon pushing a dictatorial regime that is so against the founding principles of a free society as this Biden Administration. To be VERY clear, this really is not an attack on Biden personally. He is not the one calling all of these insane shots designed to undermine the very fabric of the nation because stupid zealots in so many fields think they have the right to change society to conform to what they think it should be. That is what Karl Marx tried with communism – remove all personal wealth and control the business cycle.
With absolutely NO science behind any of these agendas from transgender pushing, those who go through this procedure have a significantly higher rate of suicide. Instead of ending discrimination, it has caused it and all of this is to push an agenda of reducing population. Just as the BLM movement was taken over for a covert agenda. The same is taking place with this Pride agenda where gay people are getting thrown into the same cauldron as Transgender. The White House does not do the same for all the other groups or religions.
Then we have the CDC moving COVID vaccines to be an annual shot. They are too busy taking money from Pfiszer to protect the people anymore. I know people who have died, others who have heart problems, and even my lawyer took the shot so he could travel, got blood clots, and not can no longer fly. This is outrageous! My next-door neighbor had COVID and was forced to get vaccinated to go on a family cruise. She was 27 and rushed to the hospital, and almost died the day after being vaccinated. I’m sorry, but these vaccines are not traditional, and there is no long-term risk assessment. Mandy Cohen should be in prison for abandoning her fiduciary duty to protect the public.
Then we have the cleanest fossil fuels being outlawed by this insane Biden Administration that has been taken over by every insane group possible. I grew up with gas heat and a stove. They want to claim that such a small fraction of people warrant shutting down this entire industry. What about smoking? How about peanuts? I have been on a flight and you were not allowed to have a pack of peanuts because one person was extremely allergic to peanuts.
Then we have the Neocons who run the White House and push us into World War III. Now, Blinken, the current leader of the pack in the White House, publicly says nuclear war is no worse than Climate Change. So don’t worry; it will be no big deal if he starts pushing buttons and China and Russia.
The Neocons have already destroyed the world economy with sanctions against Russia. Now you have the death of the SWIFT system and alternatives from China and Iran, so now the threat of removing a non-compliant state from SWIFT no longer has the power it once did.
And now they are moving for a totalitarian state eliminating all cash and moving to a digital currency so they can regulate what you are allowed to buy and sell and make sure they collect every penny of tax they think you have. Just one EMP pulse, even from a nuclear blast, will wipe out electronics, and your wealth will vanish overnight.
This Biden Administration is the final straw that is destroying America. It will never be the same; instead of unity, they create division on every front. Even the EU is moving to separate from the United States policies.
Trying to Make Heads or Tails about Recessions
Armstrong Economics Blog/Economics Re-Posted Jul 28, 2023 by Martin Armstrong
QUESTION: Looking at Socrates, do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for commodity inflation into 2024. How would you define a recession?
EJ
ANSWER: In trading, reactions are 1 to 3 time units. I believe that the same definition should be used for classifying a recession. They define a recession as two consecutive quarterly declines. If you look at the “Great Recession” of 2008-2009, you will see three consecutive quarterly declines and a rebound. If we look at the COVID recession caused by locking everyone down, that was just two consecutive quarterly declines.
I personally would argue that a true economic recession MUST exceed three consecutive declines. Here is the chart of GNP from 1929 to 1940. There were three years of negative growth. I simply think that this definition of two quarters is wrong. You can have a slight decline of 1 to even 5%, but that does not suggest a recession. In the case of 1929, that was a decline of 9.5% in 1930 – the first year. Now look at the COVID Crash, which was also a decline of 9.53%. But the difference is that the COVID decline was forced and not natural. That is why it rebounded so quickly. Now the so-called “Great Recession” of 2008-2009 only saw a decline in GDP of 3.47%.
The “Great Recession” was not really so great. It wiped out real estate and bankers but did not fundamentally alter the economy. So who is right and who is wrong will always depend upon the definition. Yes, the AI Timing Arrays point to a recession starting Next Year by their definition. This will most likely be caused by the decline in confidence that will lead to UNCERTAINTY, and as such, the consumer will contract. Up to now, the continued expansion of the economy into 2024 has also been fueled by the shift in assets from public to private.
As originally forecast, we should have seen a commodity boom into 2023,
and we should expect a highly authoritarian attempt by 2028.
CBDC & the Fall of Western Society
Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 28, 2023 by Martin Armstrong
QUESTION: You said that when Rome fell it took 700 years before gold coins reappeared. Are we facing something like that again?
PO
ANSWER: Yes, when Rome fell, gold continued in the East under the Byzantine and Islamic Empires. However, in Europe, the last Western emperor was Romulus Augustus (475-476AD) who was a puppet anyhow. He was a young son, whereas today, we have senile leaders who are puppets and incapable of independent rational thought. The first gold coin to reappear in Western Europe was that of Frederick II of Sicily (1231-1250AD). The Augustale was a gold denomination of about 5 and a half grams which Frederick II introduced to Sicily in 1231AD, and it was primarily issued for international trade.

Actually, Fibonacci (1170-1240 AD) published in 1202 his “Liber Abaci” (Book of Abacus). He introduced Hindu-Arabic numerals into Western culture. Suddenly, this allowed the calculation of numbers that were not taught in schools and was unknown in Christian circles. Only a very small group of intellectuals had access to translations of the Arab mathematician al-Khwarizmi (780-850 AD). The techniques that Fibonacci introduced were groundbreaking to re-establish a culture that lost its identity with the fall of Rome. Fibonacci illustrated practical problems on how to calculate profit margin, money changing, barter, conversion of weights and measures, partnerships, and, last but not least, interest. He also introduced some geometry and algebra.
However, Fibonacci’s work was so earth-shattering it became the topic of discussion and caught the attention of King Frederick II of Sicily. I believe it was Fibonacci’s introduction to mathematics that also inspired Frederick II to even reintroduce gold coinage in order to trade with the outside world. At the time, that included the Arabs as well as the Byzantines. The gold dinar was the Islamic medieval gold coin first issued in 696–697AD by Caliph Abd al-Malik ibn Marwan with a weight of 4.25 grams. Frederick II made his coin about 1 gram heavier in order to project economic power.
The introduction of CBDC is highly dangerous in war; even a nuclear blast also sends out an EM pulse that will destroy electronics. If I were Russia or China, I would NOT move to any sort of digital currency and then use an EMP against the United States. The entire economy would collapse. People would not even be able to buy anything. We have idiots in power who are so greedy, looking at the power this will place in their hands, they are ignoring the risks. This could mark the collapse of Western society, sending us back to the days of Barter.
The Post-2032 era would most likely be fragmented rather than national states as we know them today. There will most likely emerge regional currencies, as we have witnessed throughout history many times. Even during the Great Depression, over 200 US cities resorted to issuing their own money.
Illogical Ship of Fools
Armstrong Economics Blog/Gov’t Incompetence Re-Posted Jul 27, 2023 by Martin Armstrong
COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.
HK































