Category Collapse of the World Monetary System

Mar 20 2023

The Decline & Fall of the United States


Armstrong Economics Blog/Corruption re-Posted Mar 20, 2023 by Martin Armstrong

COMMENT: Hi Marty,

Seems to me the Democrats are following the time honored practice South American governments have resorted to in recent years when one party displaces another in a national election. In Brasil, the current president, Lula, spent 3 years in jail for charges of corruption. His successor was later removed from office. Now Bolsonaro has fled the country and is living in South Florida. In Ecuador, a past president, Moreno ,is under indictment and it appears he too will end up being arrested on trumped up corruption charges. In Bolivia, two term ex-president Evo Morales, after trying to run for an unprecedented third term, fled the country in 2019 when it appeared opposition to his run would potentially result in his being jailed. He fled to Argentina, then later got asylum in Mexico. The woman who replaced him was subsequently arrested on trumped up charges of conspiracy. IN Peru, which has gone through more presidents in recent years than most countries have experienced in a half century, has arrested the past 5 presidents. In Chile, the last president who served in office was run out of office for using the military to suppress protests. This was back in 2019.  The revolution that led to the country abandoning their old constitution has put the country in chaos.. The current president is extremely unpopular and one can imagine he won’t last another year in office. In Colombia, the country now is run by a communist/socialist who is now flirting with an ambitious spending program designed to buy time and slow down the opposition building against him. In Argentina, the former president, Christina Fernandez Kirchner, is dodging charges of corruption(and just avoided being assassinated by a lone gunman) after presiding over another series of IMF sponsored funding that has left the country in a perpetual state of default. The socialist in office today, Fernandez, is one of a long line of failed presidents who is destined to be pulled under by the corruption so deeply embedded in this country.

Now the Democrats appear to have imported South America’s tradition of imprisoning opposition leaders.It’s hard to imagine a party as corrupt as that of the Democrats. But nothing happens in a vacuum. With Republican support in Congress during Trump’s term when they opposed him and did everything they could to undermine him, the uni-party now operates without even the slightest effort to disguise their true intentions. An outsider like Trump is anathema to both parties. It reminds me of the PRI in Mexico. which put forth its candidate every year pretending people there actually had a choice, It took AMLO to break this tradition. Only because the drug cartels today are so powerful, the central government is virtually impotent to extend its reach outside of the capital.

We are watching the dying days of this republic. Biden’s “election” has assured that no serious challenger can ever emerge.Locking up your opponent now has become part of their playbook.  This is the tradition of the Sandinistas, the Peronists in Argentina, and now the Biden dictatorship.

MS

REPLY: People do not realize that Zelensky wants to imprison the former president indefinitely pending a rigged trial for corruption. This is the one man who could probably run against Zelensky and beat him with his high heel shoes. Zelinsky is so perverse and a disgrace to Ukraine when in fact it has been clearly established there is NO accountability for any money handed to Zelensky and any American politician who votes for this money for Ukraine should be removed from office for they are probably tainted as well.

It has been established that Zelensky has been stashing money offshore. When the last Ukrainian fall on the battlefield, the US will have him airlifted in style and he will flee to his mansion in Miami after destroying his own country. Zelensky has been caught. Who will prosecute him? Not the Biden Administration which owed him the Midterm elections for being the 2nd largest donor under the money laundering scheme of FTX which will also be swept under the rug to protect the corruption that has consumed governments.

The United States is NO LONGER the beacon of liberty to the world. We have descended to the lowest possible level of absolute duplicity and corruption. People are bearish about the dollar because of the quantity of money? Get real! The collapse in the dollar will not be because of such petty nonsense. it will collapse because these people are destroying the very foundation of confidence and respect the United States once had.

Mar 20 2023

Alvan Bragg & the Destruction of the United States


Armstrong Economics Blog/Corruption Re-Posted Mar 19, 2023 by Martin Armstrong

If Donald Trump is arrested or even indicted by this personally motivated prosecutor in New York City, this is not just un-American for the ruling party to use police power to arrest its political rivals, the United States has fallen so far that there is no coming back. Ukraine routinely impressions political rivals because it is the most corrupt government in the world. The United States is no longer the beacon of liberty to the world – it is showing how corrupt the legal system has become. New York City is not the Big Apple, it is worse than the most corrupt legal system in any banana Republic. NYC has surpassed even Adolf Hitler’s most notorious court which had a 90% conviction rate. The Feds in NYC have exceeded 97%. Those that escape are by mistake or they mysteriously die.

Alvan Bragg, the vindictive Manhattan prosecutor trying to climb the ladder on the dead body of Donald Trump, actually came out and said like some tyrant: “We do not tolerate attempts to intimidate our office or threaten the rule of law in New York.” There is no Rule of Law in New York City. It is a complete joke and a fraud to even utter those words. What is next? Do they indict Trump for parking tickets for all his employees? Or perhaps he starts indicting people who bad-mouth NYC? This is the way these DAs rise to political power. They always look to charge someone famous and then run for political office.

Even Ramaswamy, the tech entrepreneur who recently declared his GOP candidacy, wrote on Twitter Saturday. “If a Republican prosecutor in 2004 had used a campaign finance technicality to arrest then-candidate John Kerry while Bush & Cheney were in power, liberals would have cried foul—and rightly so.” If anyone should have been criminally prosecuted it was Hillary for using a private email server to circumvent the Freedom of Information Act where people could have gotten her official emails and never knew about her private server. That impacted National Security – not hush money to a prostitute.

“This will mark a dark moment in American history and will undermine public trust in our electoral system itself,” Ramaswamy also wrote. “I call on the Manhattan District Attorney to reconsider this action and to put aside partisan politics in service of preserving our Constitutional republic.”

The Democrats have gone way too far. They have divided the United States and there is NOT going to be a return.  These forecasts I have relayed are those of the computer. They have never been my personal opinion. Forecasting war and that it would turn up in 2014 at the 2011 World Economic Conference was by no means possible from a human intuition perspective. In 2013, I was able to relay that the computer had targeted Ukraine as the hot spot for World War III.

The computer has also forecast that the United States would break apart and we would see a major separatist movement. I put that forecast out also in 2011. At no time did I ever expect that we would be the aggressor in this war, thanks to the Neocons, but also I never expected the Democrats to sink to such low a position of integrity that has rejected everything that this nation was constructed on.

All I can say, nobody has EVER beaten Socrates – NOBODY and that includes me. This does not give me pleasure or bragging rights. I had hoped that Socrates would have shown us the way to steer between the rocks immune to the Sirens as Ulysses on this voyage to a new world order, but one I see as freedom – not tyranny.

Unfortunately, we cannot tie Biden or the Neocons who control him to the mast in hopes that they understand that we have basic human rights not to be manipulated as their toy soldiers for their pleasure.

What will be – will be. All I can hope is that Socrates proves itself and perhaps after the crash and burn, someone, will have the courage to listen.

Mar 20 2023

This Just In – Western Nation Central Banks Organize to Provide Daily Liquidity of Dollars in The Event of Contagion Bank Collapse


Posted originally on the CTH on March 19, 2023 | Sundance 

This is rather remarkable and tells us something about the current status of the “western” financial system.  The last sentence in today’s announcement from the FED is particularly laughable.   Check this out [Source]:

That last sentence is nonsense.   When was the last time the ‘central banks’ worried about the supply of credit to households and businesses?  Total and complete nonsense. What they are worried about is the need to have readily available dollars, faster, to backstop banks that are supposed to be holding deposits.

Nothing quite inspires ‘global banking confidence’ like the need to swap dollars rapidly, from country to country on a daily basis, because the amount of currency in bank, within any western nation, at any given time, might disappear.

Yesterday’s monologue from Neil Oliver, and the recent personal banking story that structures his comments, is standing as eerily prescient right now.  SEE BELOW:

https://youtube.com/watch?v=UcNl23qhB8A%3Ffeature%3Doembed

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“This just in.  Everything is fine… the liquidity of the Western banking system has never been stronger”… “Look over there folks, Trump indictment, nothing to see here folks… move along now”…

Mar 19 2023

IS TRUMP BEING INDICTED THIS WEEK? SO MANY HEADLINES! ECONOMY COLLAPSING SOON? MAJOR ICE STORMS HIT THE U.S. & MORE!


Mar 18 2023

Interview: Neocons, Global Warfare, Digital Currencies, Bitcoin


Armstrong Economics Blog/Armstrong in the Media Re-Posted Mar 18, 2023 by Martin Armstrong

https://youtube.com/watch?v=c6IrAcXGfCQ%3Ffeature%3Doembed

Watch the video above or click here to listen to my latest interview: “Neocons, Global Warfare, Digital Currencies, Bitcoin.”

Mar 17 2023

Financial Crisis of 2023


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 17, 2023 by Martin Armstrong

QUESTION #1: Marty, I think your warning about the collapse of leadership in government and the private sector rings true as Ken Griffin, the founder of hedge fund Citadel, said the rescue of Silicon Valley Bank shows the U.S. economic system is “breaking down before our eyes” because they bailed out the depositors. Yet Carl Icahn seems to agree with your saying that the U.S. economy is at a breaking point because of inflation. He said, “every hegemony has been destroyed by inflation.”

Very few so-called billionaires seem to understand what’s at stake. It makes me think they were just lucky in how they made their money. After Griffin’s comment, I would not be inclined to invest in Citadel. Then a group of banks is talking about depositing $20 to $30 billion to save Republic bank.

Is there any hope for the future when leadership is absent in these times of chaos?

UT

QUESTION #2: Thanks for everything you do. At the WEC, you warned about banks and even the big funds. The turning point was at the end of January here in 2023. Is it possible that this financial crisis will be the major factor even overpowering war when the ECM comes into play by April 10th?

CW

ANSWER: Anyone who does not understand that inflation is a natural occurrence when you get into a war is clearly not a student of history and has no business being the CEO of even the head local dog-catcher. The Roman deity Janus, after whom January is named, was the two face entity who looked at the past and the future. The doors to his temple would be closed when there was peace. That symbolized that nothing was at risk of changing. However, in times of war,  they would leave the doors open to symbolize the uncertainty of war that the spirits could flow in and out.

Only today, do we seem to no longer respect that the cost of war is both lives lost and inflation for those who survive. This Ukrainian Proxy War serves no purpose. Winning or losing will have ZERO impact on our national security or the future of the people. This is simply a grudge match instigated by the Neocons who perpetually love war as long as someone else is dying for their personal goals. To them, it is nothing more than watching a war on CNN and cheering as if it were a football game.

I have said that this war will undermine the entire US economy and that is now manifesting in the Financial Crisis of 2023 which will be far worse than any of these people expect. The lack of experience and the stupidity of those who remark that capitalism is collapsing because they are honoring the depositors is absurd. A depositor has NO WAY of understanding the financial status of a bank until it is too late. They receive no warning and yet there are those who say they should suffer the losses because that is capitalism.

Sorry, but that has NOTHING to do with capitalism. It is no different than FRAUD soliciting money with a false pretense. Investing in a hedge fund like Citadel is different from a bank. Depositors in a hedge fund know they are investing their money and they are getting a piece of that return. That is capitalism. Someone who has a bank account where their social security check is automatically deposited took on no such risk. Sorry – that is different that a hedge fund that goes bust.

The problem we have is that the ECM turning point is April 10th. Yet it is also the Pi Target from the fall of the USSR and the birth of even Ukraine. We just had Poland losing their mind and sending jets to Ukraine. That makes Poland a viable target for war. Poland is irresponsible given the fact that the Ukrainians slaughtered over 300,000 of them and has refused to ever apologize for their WWII Nazi involvement.

We have a problem here with the Financial Crisis simultaneously with important cyclical targets regarding war. Any personal interpretation I can offer is just a personal opinion. Both trends are colliding into April and this may be a two-prong panic of unprecedented significance.

Mar 17 2023

Senator Bill Cassidy Confronts Treasury Secretary Janet Yellen on Biden Tax Proposal, “That’s a Lie”


Posted originally on the CTH on March 16, 2023 | Sundance 

During today’s Senate Finance Committee hearing, Sen. Bill Cassidy (R-LA) questioned Treasury Sec. Janet Yellen about Social Security and the immediate cuts that take place in nine years if the current plan goes bankrupt.  The confrontation was professional, but also very focused.  WATCH:

https://youtube.com/watch?v=2qiGvVe3-Nw%3Ffeature%3Doembed

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Mar 14 2023

Toxic Currencies – Good for the Yuan


Armstrong Economics Blog/China Re-Posted Mar 14, 2023 by Martin Armstrong

The Chinese yuan has out-traded the US dollar by volume for one of the first times in recent Russian history. The dollar was king in 1991 when the Soviet Union collapsed, but that is no longer the case after Moscow branded the dollar a “toxic currency” along with the euro. Toxic currencies accounted for 87% of exports from Russia at the beginning of 2022, but this figure fell to 48% by the start of the new year. The Bank of Russia has reported that the proportion of USD/ruble pair in exchange fell to only 36% in February. The central bank is calling this a “broad structural transformation of the Russian economy.”

As “unfriendly countries” and their “toxic currencies” band together, those on the outskirts are winning. China has become the new go-to country for new trade partnerships as it bypasses Western-imposed sanctions. Toxic currencies represented 46% of imports in December 2022 but were at 65% in January 2022 before the war. In contrast, the yuan’s share rose from 4% to 23% during that time.

Those who were previously shunned from the big table are now pulling up a chair to discuss economic prospects with China. This will make it much easier to phase out toxic currencies because more people are willing to accept the yuan. The confidence in the yuan is growing. Everything occurring may seem odd, but it is precisely on target. As I mentioned in my report “China on the Rise,” China will dethrone the United States to become the world’s leading economic powerhouse by 2032. It’s just time.