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.

Fibonacci-1

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.

The Man Who Will Destroy America


Armstrong Economics Blog/Rule of Law Re- Posted Jul 27, 2023 by Martin Armstrong

Trump Superseding Indictment

This is the man who will tear the United States apart at the seams – Special Counsel Jack Smith who has filed a superseding indictment against Donald J. Trump (see above). This is not a big deal. It is simply more charges on the same theories to interfere with the 2024 election. Smith is actually violating the civil rights of everyone in the country by trying to prevent Trump from running for office.

No person, whether acting under color of law or otherwise, shall intimidate, threaten, coerce, or attempt to intimidate, threaten, or coerce any other person for the purpose of interfering with the right of such other person to vote or to vote as he may choose, or of causing such other person to vote for, or not to …

Even this aside, the real purpose of this superseding indictment is not more charges. That is just to make the headlines and hide the real purpose.  He has indicted a new defendant: Mar-a-Lago property manager Carlos De Oliveira. They cannot win a case without a co-defendant. They need someone to take the stand and perjure themselves as the prosecutor, then will rehearse them on what to say in return for no time. This is how they win CONSPIRACY cases. They desperately need a co-defendant. They threaten them with 20 years to life unless they testify for the government. They need that to prove “intent,” for otherwise, they can just infer from something. The co-defendant will get on the stand and say Trump told him x, y, z, and the jury would have to find him guilty.

For virtually every crime in this country, you are charged with CONSPIRACY, and then they threaten someone to testify against you. This is the law of tyrants. They always go for the conspiracy charge if they cannot prove a direct crime.

By doing this to Trump while ignoring everything done by Biden and his son, it is a slap in the face to all Americans, proving that there is no rule of law. It is as Thrasymacus warned Socrates who they sentenced to death – there is no justice – it is always the self-interest of those in power. Nothing has ever changed in 6,000 years.

Mr. Speaker!…


Posted originally on the CTH on July 27, 2023 | Sundance 

I tap my glass loudly with a spoon from the back of the room….

The House Oversight and Government Affairs Committee has a team of lawyers and staff.

Evidence in public shows the sitting president of the United States took payments from foreign business interests in a scheme to use the power of the U.S. government to influence foreign government policy and protect/enhance the business interests of the people who paid him.

To wit…. The Republicans in the House of Representatives have thousands of Joe and Hunter Biden bank records, hundreds of trace records for wire transfer statements and payments, hundreds of reported U.S. Treasury suspicious activity reports, thousands of emails and subpoenaed text messages, audio and video recordings, thousands of photographs, access to the laptop of Hunter Biden and all the content therein, documented witnesses to the activity, testimony under oath corroborating how the Bidens collected tens of millions from foreign nations as unregistered foreign agents which was subsequently laundered through 20 shell companies.

The House committee also has FBI witness reports (FD-1023) from verified and reliable Confidential Human Sources who documented the intent and purpose of the transactions, along with US government attorneys in Philadelphia who investigated and confirmed the substance of the confidential human source allegations therein. Additionally, the Republicans in Congress have sworn affidavits and testimony from two IRS whistleblowers who testified the US attorney in Delaware was working with the U.S. Dept of Justice in Washington DC to bury the results of the investigation.

Lastly, and most recently, the Republicans have a transparently corrupt federal plea agreement rejected as presented by U.S. District Court Judge Maryellen Noreika, because the intent of the construct was to protect the son of the President of the United States from legal exposure within the business that provided the material wealth for himself and the family of the President, providing immunity for their Foreign Agent Registration Act violations…

….And the Republican Speaker of the House is letting the Republican controlled Congress go on vacation for the next two months.

All of this,…. ALL OF THIS…. while the former Republican president and current 2024 election front-runner is being railroaded by the same Dept of Justice the Speaker refuses to confront.

The CBDCs Are Coming


Armstrong Economics Blog/Cryptocurrency

Posted Jul 23, 2023 by Martin Armstrong

COMMENT #1: Hi Marty
I forgot to mention the ATMS nearby where I live right now.. I use a Credit Union and their withdrawal limit at the ATM at the branch no less has always been $400 these past couple of years. So I would go to the Wells Fargo ATM nearby down the road where I could withdraw $1000 in cash. The machine would ask you if you wanted a mix of 50s and 20s or all 20s.
Well, this past week I went to the WF ATM where I have not gone for quite some time, many months. To my surprise, the withdrawal limit has been reduced from $1000 to $600.
So there you go they are slowly turning the screws to try to cage us all in.
Best
Alice

REPLY: I opened an account at one of the top 5 just for convenience since it was down the street from me. Since COVID, I noticed they closed that branch and many others.  If you move to CBDCs, then banks no longer need branches for you can deposit a check on your phone, and they want to eliminate safe deposit boxes because they think people hide cash there.

President Trump Reveals Jack Smith Targeting Letter Delivered to Attorneys Sunday Night


Posted originally on the CTH on July 18, 2023 | Sundance 

Using his Truth Social account, President Trump shares information that Special Counsel Jack Smith intends to prosecute Donald Trump using a lawfare construct surrounding the events on January 6, 2021. [Truth Social Source]

Using twisted legal theories as advanced by the Lawfare agents behind him, special counsel Jack Smith is reportedly trying to construct criminal charges around a conspiracy to defraud the United States and obstruction of an official proceeding.

Under this stretched legal theory, President Donald Trump simply by contesting the 2020 election, is responsible for efforts to stop Congress’ certification of President Joe Biden’s presumed electoral victory.  According to the criminal approach, contesting an election result is an effort to defraud the US Government.

It seems rather odd because it is nuts.

Noble Scientist says Climate Change is a Hoax


Armstrong Economics Blog/Climate Re-Posted Jul 15, 2023 by Martin Armstrong

Dr. John Clauser, the co-winner of the 2022 Nobel Physics prize has come out and said the whole nonsense of Climate Change caused exclusively by CO2 is an absolute HOAX. Anyone who has ever studied physics cannot possibly conclude otherwise. There is absolutely NOTHING that can ever be reduced to a single cause and effect in anything. It is always a complex dynamic.

Here is Bill Gates who I would not trust to walk my dog admitting that blaming CO2 is not without dispute. There is just nothing, even in market movements, that can be reduced to a single cause and effect – PERIOD! Perhaps he should have paid attention in physics class, assuming he took it.

One of our clients was one of the top 5 Australian mining companies. Their CFO lost more than $50 million in the currency. They ordered him to meet with me. He knew my track record and said perhaps it was just a coincidence. Finally, I asked him what his background was. He hesitated and said physics. I said GREAT! Now look at the market through the Second Law of Thermodynamics. His jaw dropped and said – OMG, there has to be a cycle. I said you got it.

Heat always moves from hotter objects to colder objects (or “downhill”), unless energy in some form is supplied to reverse the direction of heat flow. 

The second law of thermodynamics establishes the concept of entropy as a physical property of a thermodynamic system.

Human activity cannot possibly create a one-way street that is the typical linear analysis that if the temperature rises by 1 degree per year, then in 50 years we will be all dead. That is like saying since the stock market rose 1,000 points this year, it continue to do so for the next 50 years. It is just an absurdity and thereby it is a HOAX for nobody in their right mind would ever make such an honest forecast of this nature. According to all this nonsense, we should have been dead by now.

Greta Thunberg deleted a 2018 tweet about the urgency of addressing climate change. Her tweet included a quote from an article that said an influential scientist warned climate change “will wipe out all humanity” unless fossil fuel use was ended “over the next five years.” Some have said that Great misquoted him since he claimed he never made such comments. Anyway, we are still alive – thank you linear analysis.

Sound of Freedom Blacklisted by Woke Elite


Armstrong Economics Blog/Corruption Re-Posted Jul 11, 2023 by Martin Armstrong

The movie “Sound of Freedom” exposes the darkest corner of our society – child trafficking. The film should not be controversial but the mainstream media and Hollywood blacklisted the film because they are protecting those involved. Simply Google the film and you will see articles from EVERY news outlet condemning the film as a QAnon conspiracy for right-wing extremists.

Jim Caviezel, the director, is a devout Christian which is now a radical ideology in America. You may not believe in God but watching this film will show you that pure evil exists. He has said that streaming services such as Netflix and Hulu would not carry his film, which is precisely what occurred with “The Forecaster.” For you see, there are numerous organizations that would taken down if the truth came out. This is a trade that surpasses most other industries and cannot be calculated. The Department of Homeland Security estimates that child trafficking account for $150 billion in global trade, but the true amount is much higher. Millions of children go missing every single year. It is not isolated to third world countries. What happened to the children who went unaccounted for at our own border?

It is extremely alarming that the powers that be want to silence this film. Epstein island was a conspiracy theory too at one time. The politicians and people of influence who went to his island were never held accountable, but that shows only a tiny fraction of how deep this insanity goes. Governments are involved. The woke elite are dominating all institutions and forcing organizations to abide by their CEI and ESG scores. Kids are being taken away from their parents if they don’t provide “gender affirming care,” which never existed up until a few years ago when the far left lost its collective mind. They are NORMALIZING the sexualization of children even in schools. The Guardian called the film “the QAnon-adjacent thriller seducing America” as did every other major news outlet. I question any journalist who is angered by a film that shines a light on such an important topic. The corruption goes deep, and the elite have an agenda. It is not fear-mongering because, yes they are coming for our children.

Replay – President Trump MAGA Speech, Farmers for Trump – Council Bluffs, Iowa (Full Video)


Posted originally on the CTH on July 7, 2023 | Sundance

Earlier today President Trump kicked off a new coalition of Farmers for Trump in Council Bluffs, Iowa

While much of the first segment of the speech covers topics of significant importance to farming and agriculture, President Trump also expanded his remarks to cover current political events. WATCH:

FULL SPEECH: President Donald J. Trump Holds MAGA Rally in Council Bluffs, IA – 7/7/23

Dr. Gal Luft Outlines How the U.S. DOJ and FBI Deployed Agents to Protect Biden Family Against Witnesses to Biden Bribery and Corruption


Posted originally on the CTH on July 6, 2023 | Sundance 

Dr. Gal Luft was a direct witness to the Chinese bribery scheme between Chinese companies (CFC) and the Biden family.

Dr. Luft gives a stunning video testimonial today about how he contacted the DOJ and FBI in March 2019 when Attorney General Bill Barr was in office, to report specific allegations and evidence against the Biden family.  {Direct Rumble Link} – WATCH:

Interesting Court Ruling Against Govt and Biden Administration Prohibiting Federal Agencies from Contact with Social Media on First Amendment Protected Speech


Posted originally on the CTH on July 4, 2023 | Sundance 

A federal judge chose the 4th of July to deliver a key ruling blocking Biden administration agencies and officials from meeting and communicating with social media companies.  [Read 7-page Injunction HERE]

The temporary injunction targets an ongoing legal battle brought by the state of Louisiana and Missouri against federal agencies for collaborating with social media to censor speech content against the interests of the federal government.  The final ruling on govt involved censorship could have profound effects on the First Amendment.

Judge Terry A. Doughty, has not made a final ruling in the case, but he wrote that the Republican attorneys general “have produced evidence of a massive effort by Defendants, from the White House to federal agencies, to suppress speech based on its content.”  The ruling may have implications for tech companies, which have been exposed in recent months/years for regular communication with government officials.

“This Preliminary Injunction precludes said named Defendants, their agents, officers, employees, contractors, and all acting in concert with them from the aforementioned conduct. This Preliminary Injunction also precludes said named Defendants, their agents, officers, employees, and contractors from acting in concert with others who are engaged in said conduct.” (link)

Obviously, trying to stop the government from coordinating with social media groups to suppress information adverse to both their interests is a little like squeezing Jello in a closed fist; they will find an angle out of the limitations.

During my trip to DC in the summer of 2020 there were a myriad of disconcerting datapoints assembled; revelations that made sense of the madness and disappointments found everywhere. However, one of the key notations for future reference was to watch the political evolution of Dept of Homeland Security (DHS) and spot the jump where the ideological outlook turns into specific government action.

With that in mind, this recent discovery of a 2010 to 2015 DHS contract to a very well-known USG defense contractor, General Dynamics Advanced Information Systems Inc., surfaces.

As many are now becoming aware, DHS is the lead agency behind all of the engagements with Twitter and other social media.

[SOURCE HERE]

The Office of the Director of National Intelligence (ODNI), specifically created as an outcome of the post-911 Patriot Act, is the pivot point on the surveillance radar sweep.

Prior to the DNI the general Intelligence Community (IC) surveillance faced offshore and swept foreign adversaries. If any threat was picked up that included the potential for domestic terrorism, the identified contact transferred from the CIA, NSA, DoD into the DOJ and FBI.  The DOJ then used the FISA Court to request transfer of targeting from foreign to domestic.

However, after 911 it was determined the national security surveillance radar needed to sweep a full 360° to include domestic surveillance.  The ODNI was the office created to manage the pivot point.  As a specific outcome of the Patriot Act, American citizens were now under the same surveillance as foreign adversaries.  The new definition of American citizens being threats to the national security state is ultimately what led to our taking off shoes at TSA checkpoints in airports.   TSA is a subsidiary agency of DHS.

Offshore surveillance now flowed from the CIA, DoD, NSA, IC into the ODNI, who then filtered it, and if needed transferred it to the newly created DHS.

As the design was laid out, the DHS would then contact the DOJ or FBI while affording the U.S. person (target) in question their duly constitutional protections against unlawful searches and seizures. The sketchy legal dynamic is what created the need for the DOJ National Security Division (DOJ-NSD).

At the same time, onshore domestic surveillance would be conducted by DHS through new systems like the Transportation Safety Administration etc.  Local, state and federal law enforcement would identify issues or investigative targets, then send the targeting data upstream into the DHS database.  DHS transfers the finding to the ODNI who cross-reference it with CIA, NSA, etc.  This was the original design.

However, it was specifically Barack Obama and Eric Holder who saw an opportunity with the newly created system.  The result, DHS domestic surveillance was weaponized.  The timing of this DHS contract (2010) to General Dynamics for “media monitoring and social media support” fits perfectly in line with the known timeline of how DHS was weaponized.

Barack Obama and Eric Holder did not create a weaponized DOJ and FBI; the institutions were already weaponized by the Patriot Act.  What Obama and Holder did was take the preexisting system and retool it, so the weapons of government only targeted one side of the political continuum.

This point is where many people understandably get confused.

Elevator Speech:

(1) The Patriot Act turned the intel surveillance radar from foreign searches for terrorists to domestic searches for terrorists.

(2) Obama/Biden then redefined what is a “terrorist” to include their political opposition.

Lee Smith makes an important point in this brief podcast excerpt. {Direct Rumble Link Here}  We have outlined his point on these pages for several years.

Essentially, the point Lee Smith drives home is how the U.S. Corporate Media, and the Big Tech monopolies, are the front force of the new national security and intelligence state.  It is a relationship that extends far beyond the customary leanings of media, and now covers a full synergistic relationship.  WATCH:

“We’re all familiar with the fact that the press has historically leaned to the left. That’s not what we’re looking at now. We’re looking at something very, very different. We’re looking at the press as being a part of the intelligence community. They are the ones who is putting these operations out there.”

.

The New York Times and Politico are the public relations firms for Main Justice, the DOJ and FBI.  The Washington Post handles the needs of the Intelligence Community (IC) and the Central Intelligence Agency.  Meanwhile CNN is managed by the needs of the U.S. State Dept.   These direct relationships have been discussed here for several years.