Category Destruction of the Supply Chain

Apr 8 2022

Democrats Now Also Poking China The Covert Destruction Ahead


Armstrong Economics Blog/Politics Re-Posted Apr 7, 2022 by Martin Armstrong

China has bluntly warned that it would take strong measures if U.S. House of Representatives Speaker Nancy Pelosi visited Taiwan. They have warned that such a visit would severely impact Chinese-U.S. relations. There is a strategy here to undermine BOTH Russia and China. Their three obstacles were Trump, Putin, and Xi. Trump was removed and now they are turning to Russia and China. They need to conquer both to reach their goal of a New World Order which they have boldly put forth at the 2022 World Government Summit.

Let me make this VERY clear. The Western Keynesian Economic Model is collapsing. Schwab’s claim that “You’ll own nothing. And you’ll be happy” is not a communist sales pitch. It is far more serious than that. Because the European Central Bank moved to negative interest rates back in 2014 and there has been NO stimulation ever achieved, they have kept European governments on life-support and wiped out all the pension funds that by law had to hold a portion of government bonds.

Governments will have NO choice but to default but if they do so, millions will be storming their castles with pitchforks. Schwab is pulling the LIFE Insurance scam. They sell fire insurance, accident insurance, flood insurance, and earthquake insurance, but they could not sell DEATH insurance so they then called it LIFE instead.  Schwab is clever in saying we will eliminate all your debt makes it sound they are doing this for you when in fact they need to default.

These people are manufacturing WAR for two purposes: (1) they need war to impose more restrictions from digital currencies to IDs claiming vaccines, and (2) they actually think they can force Russia and China to comply with their Great Reset including climate change if not surrender sovereignty to the United Nations.

Let us make no mistake here, the Neocons have laid out the plan of using Ukraine to poke the Bear for two reasons. First, they really do think they can conquer Russia and they know that Putin is NOT the madman and is far more reasonable. They are counting on that assuming he will NOT turn to nuclear weapons and they will take over Russia and then turn on China. Second, this is also about ending energy flowing from Russia to Europe for the pipelines flow through Ukraine.

At the Dubai 2022 World Government Summit, they included a panel discussion that included what energy would look like POST-Ukraine Crisis. They also had a panel entitled: Is the World Ready for a Future Beyond Oil? This is all intentional and we must understand that they are manufacturing war and this is all about creating the vision of a New World Order and they really do want to push the world into chaos. The plan is that then the United Nations will appear to be the Great Peace Maker to save humanity. But the herd is culled, tagged, and controlled. We all have our digital IDs, and there is no currency other than a government-controlled digital currency so they can eliminate all crime and any underground economy.

So while Biden is screaming this is a battle between Democracy & Authoritarianism, again it is propaganda for the end goal here is to eliminate our right to vote because they see us as TOO stupid to vote. The fact this is all bullshit since there is no democracy – we all live in a Republic with no right to vote on anything other than a person pretending to represent the people. This New World Order will eliminate any pretense of Democracy and we will not even have Constitutional Rights. War is needed to end our forms of human rights and Germany is about to pass MANDATORY vaccines for anyone 60 or older or you will be starved to death unable to ever leave your home – just die thank you!

So now Pelosi was to go to Taiwan and stir up revolution as John McCain did in Ukraine promising America stands behind them. She was to deliver the same speech that Americans will defend Taiwan against China. They want another Proxy War to start now against China as Pelosi is crossing into the camp of Neocons like Hillary.

Apr 7 2022

Living in the Past – Stalin v Lenin


Armstrong Economics Blog/Russia Re-Posted Apr 7, 2022 by Martin Armstrong

COMMENT: Hi,
I live in Finland/Helsinki. The Soviet Union attacked Finland in 1939, Stalin was one who arranged a false flag in Manila. A lot of Finnish soldiers and civilians died. But we survived. We Finnish people know Russians extremely well. It is a historical fact that Russians always arrange false flags and try to slave other nations and people. And that is happening just now in Ukraine. Putin attacked Ukraine and he is trying to slave Ukraine.
Best Regards from Finland

JT

REPLY: It is important to not judge a country by its leaders. There are always left and right in every country and no country enjoys 100% approval of its people. Just look at the United States. There are ONLY three presidents who won with 60% or more, FDR 1st term, Johnson following Kennedy’s assassination, and Richard Nixon who promised to end Vietnam. All others won with just a few points over 50%. In the 2008 Election of Obama v McCain score his victory with just 52.9%. Even Lenin warned not to put Stalin in charge.

It is wrong to judge Russia by Stalin and today the powers that be just hate the Russian people and attribute everything to Putin. It is essential to also understand that there is a left and a right in Russia that still prevails today and Putin is a moderate that if ignored by the West, will drive Russia into the hands of the extreme right.

We MUST understand history for there has always been a question of where Russia begins and ends and who constitutes the Russian people. These questions have been debated by Russian thinkers themselves for centuries post-Russian Revolution which ended more than 300 years of tsarist rule. Believe it or not, Putin is NOT trying to resurrect the Soviet Union for that was not even the vision of Lenin – but Stalin.


At first, Lenin was revered as the architect of the new Russia. He was the elder statesman of the Bolshevik revolution. Stalin, on the other hand, was what we would call a Neocon. He was the ambitious party leader with visions of absolute authoritarian control. The two clashed not only over their political vision for Russia but also on a very personal level hurling insults steeped in grudges. It was this battle that actually proved to be too much for Lenin resulting in his premature death.

The conflict between these two Russian leaders reached a climax in the last days of December 1922. This is when 2,000 delegates from all over the former Russian empire gathered together in Moscow to create a new state which would become the Union of Soviet Socialist Republics. The vision of this new state was starkly different between the two men. There were republics of Ukraine, Belarus, and Transcaucasia, which were formally independent of Russia. When Georgy Chicherin, the Soviet Russian commissar for foreign relations, signed the treaty with Germany where each surrendered their claims against the other for war reparations in July 1918, there was a problem of unity. Ukraine and Belarus were independent before 1919 but were then overrun by the Bolsheviks in 1919. They had objected to forgiving Germany.

Ukraine and Belarus took the position that the Russian authorities had no right to speak on behalf of Ukrainian and Belarus. In Georgia, there too they objected insisting that their rights as the members of an independent republic were violated. This is was ultimately set in motion the birth of the final version of the Soviet Union.

It was in August of 1922 when Joseph Stalin created a special commission to recommend a new political model of relations between the communist Party’s Central Committee, Russia and the republics. Stalin’s proposal was called the “autonomization of the republics” whereby the formally independent republics would be incorporated into the Russian Soviet Federation with rights of autonomy. However, the Russian Federation would become the central authority subordinating the formally independent republics. This resulted in a rebellion with the Georgians led the revolt against Stalin’s model. They were joined by the Ukrainians and Belarusians.

This conflict between Lenin’s vision of a union more akin to the United States model and Lenin’s vision of absolute central power resulted in the heated conversation with Feliks Dzerzhinsky, who was the head of the secret police and a supporter of Stalin. Stalin and many of his supporters, such as Ordzhonikidze and Dzerzhinsky, were actually non-Russians. Stalin was Georgian and Dzerzhinsky was actiually Polish. Interestingly, Felix Dzerzhinsky was remembered in St Petersburg on a Commemorative plaque dedicated him.

But the stroke prevented him from taking any decisive steps against them. Two days later, a commission of party officials, led by Stalin, placed strict limitations on Lenin’s activities, effectively isolating him. They said the restrictions were designed to prevent the worsening of Lenin’s health. But they also served a political purpose.

Lenin could not attend the congress and he certainly did not trust Stalin. Consequently, the paralyzed Lenin dictated his famous thoughts on the nationality question in a document he sent to the party leadership. It was a letter titled “On the Question of Nationalities or ‘Autonomization.’” On December 31st, 1922, he attacked Stalin’s policies criticizing the rights provided to the republics by the Union treaty, deeming them inadequate to stop the rise of Great Russian nationalism. Lenin called this threat as “great-power chauvinism.” To Lenin saw these people as non-Russians who he did not trust and feared for the future of the Russian people.

In Lenin believed that Stalin, who was not Russia, posed a major threat to Russia. He viewed Stalin’s dream of the USSR as a threat to the unity of state which he was correct. Lenin’s idea of a union of independent states would be sustained by local autonomy taking into account their local customes. Lenin was prepared to replace the Union he had originally proposed with a looser association of states with the centralized powers to be confined to matters of defense and international relations exclusively. Lenin also maintained that the republics should retain the right of secession to prevent Stalin’s central dominance of authority.

I highly recommend watching the movie Mr. Jones. While this will NOT show the battle between Lenin and Stalin, it will show the ruthlessness of Stalin that Lenin feared. But Stalin was NOT a Russian, but he has tarnish the reputation of all Russians ever since. It is ironic that Stalin was a Georgian, which is in the Caucuses bordering Turkey where they hate Russians for the very oppression of Stalin.

So, as you can see, this is a very complex subject. Putin is not a follower of Stalin wheras other behind him are. So we should be very care what we wish for when it comes to Regime Change. Just maybe they know this as well and want Regime Change to ensure war. Very interesting indeed. We should NOT judge Putin by Stalin or all Russians for that matter. That is the propaganda of the Neocons who are still fighting against Stalin.

Apr 7 2022

Is Biden also a War Criminal Bringing Civilization to a Complete Collapse?


Armstrong Economics Blog/Ukraine Re-Posted Apr 6, 2022 by Martin Armstrong

Biden has declared that “major war crimes” are now being discovered in Ukraine as Russian forces retreat from areas around Kyiv. In a total propaganda move where he just takes whatever Zelensky says at face value who is a puppet intended to create World War III because the ability of government to continue to function under Keynesian Economics is coming to an end. On top of that, Biden is desperate to change the focus from his own corruption and that of Hunter Biden hoping to change the topic. Biden is denying any independent investigation just taking the word of Zelensky who has done NOTHING but tried to create war with Russia refusing to comply with the 1991 Belgrade Agreement of Neutrality and the Minsk Agreement which was to allow the Donbas to vote on their own independence.

Biden has set in motion World War III calling Putin a war criminal which by the same standards would have applied to every president during times of war. The US has refused to address all the claims of war crimes in Afghanistan, Iraq, Syria, Lybia, etc. The US admitted to killing civilians in Kabul in a drone attack. Who is responsible for that war crime? Under Biden’s definition, he himself is also a war criminal for Kabul. That too was a brutal, cold-blooded execution-style but the US is exempt from being tried in the ICC for the US refuses to be judged for war crimes in the Netherlands.

Biden’s rationale for ratcheting up US sanctions on Moscow now targeting Putin’s daughters is outrageous. Biden said: “Responsible nations have to come together to hold these perpetrators accountable.” Biden has further increased sanctions targeting Putin’s two adult daughters. Why are they responsible for this?

Biden has DESTROYED the world economy and abused the SWIFT system that has shown it is now not independent but just a political tool. China would be absolutely braindead at this point if it did NOT set up its alternative to SWIFT. More and more countries are starting to side with Russia. Even India has seen its action of Biden as totally reckless. Biden’s constant expanding sanctions have cut off Russia entirely just as FDR did to Japan. If history repeats, I would NOT live in Washington, LA, Chicago, or New York. They can be taken out with supersonic nukes and there is nothing Biden can do to stop it. He needs to be removed from the office. Every administration has sought world peace. Biden seeks ONLY war.

There will NEVER be a return to NORMAL and only a madman would act like Biden deliberately destroying international relations that took decades to establish. You will not cause Putin to recoil, and any regime change will only lead to people behind Putin who are FAR more Neocon than Putin.

Rome lasted for 1,000 years, but it collapsed in just 8.6 years. History is repeating. Biden has been FAR WORSE than anything I personally would have speculated. The forecasts come from Socrates, not me personally. There is NO human being who would have postulated that ANY world leader would be this outrageous. Indeed, 8.6-years from the time Biden took office will be 2029.65 (August 25th, 2029).  Just as our models are warning that the French Fifth Republic will come to an end by 2030, the same is true for most Republics that will include the United States.

Apr 5 2022

Zelensky – The Madman of Ukraine


Armstrong Economics Blog/War Re-Posted Apr 4, 2022 by Martin Armstrong

The bias of the Western Press is just unimaginable. I reported previously that our contacts in both Serbia and Hungary were reflecting overwhelming support for Putin and Russia. The press can’t report on anything honestly and calls Hungarian Prime Minister Viktor an “authoritarian” or a “nationalist” because anyone who dares to go against their agenda is evil. The BBC reported Orbán said: “We have such a victory it can be seen from the moon, but it’s sure that it can be seen from Brussels.”

It has been widely known that Serbia was very pro-Russia. I reported from our readers in Serbia that they were sick and tired of the West’s propaganda that they saw Zelensky for what he was – a puppet of the West. But the Western press will not report the truth about Zelensky and his covert connections. The press is oblivious to the truth and constantly paints Zelensky as a hero when in fact not merely did he outlaw the Russian language in a country made up of 30% Russians and over 50% also speak Russian, but he has also attacked the Russian Religion – he has been seeking to also outlaw Russian Orthodox Christianity.

These are actions that caused Putin to recognize independence for the Donbas but when VP Harris, at the Munich Security Conference on February 20th said Ukraine should join NATO, four days later Putin invaded. One must ask – was this all intentional or just stupidity?

So while Zelensky pretends to be a soldier for the cameras simultaneously preaching World War III to everyone else, his actions show a deep-seated hatred of the Russian people, especially those who live in the Donbas. He has made no effort to end the civil war since taking office in 2019. The West ignores Zelensky’s action outlawing the Russian language and his more recent attempt to outlaw the Russian Orthodox religion. Orbán immediately criticized Zelensky who the Press will NEVER criticize because all they ever preach is the agenda of the Neocons and their determination to manufacture World War III.

Religious liberty in Ukraine has been put at risk by Zelensky but the Press will not report that. The West will not report religious complaints about Zelensky from Putin. The Russian Orthodox Church (ROC) has become a political partner in this invasion of Ukraine. Putin is defending the Russian people against this anger from the West and even their religion. Moscow Patriarch Kirill has given the full religious blessing to the regime’s foreign policy agenda. Why?

What is NOT being reported is that Zelensky has been proposing the draft Law of Ukraine No. 7204 of March 22, 2022 “On Banning the Moscow Patriarchate on the Territory of Ukraine”, published on the VR website, its author is Oksana Savchuk, a deputy who entered the Rada on the lists of the All-Ukrainian Association “Svoboda” party in district No. 83 (Ivano-Frankivsk). Zelensky is attempting to even usurp the religion and ban in Ukraine the Moscow Patriarchate – the Russian Orthodox Church and religious organizations that are part of it, “including the Ukrainian Orthodox Church”.

This is like King Henry VIII who seized the Catholic Church, stole all its wealth, and created the Church of England eliminating the Pope. Zelensky is doing the same to terminate the Moscow Patriarchate as the head of the church in Ukraine. This is the man the West is cheering and never reports on what Putin is saying about the assault on religion.

This would be like the Jews seizing control of the Temple Mount and outlawing Islam. Hillary and others only talk about Ukrainians defending their home. About 30% of Ukraine are Russian and they do not like having their language being banned, the attempt to outlaw their religion as well.

Orbán proclaimed Zelensky is evil and he stands with the EU and George Soros. He said: “This is a victory over the left at home, the international left, the bureaucrats in Brussels, the money of the Soros empire, the international media, and even the Ukrainian president.” Orbán and Serbia along with many in the Middle East, Asia, and even India, are starting to see this man calling for World War III as the greatest single threat to world peace. But the Western press will not report the full scope of his actions that show it is not democracy he seeks, but tyranny.

Orbán has so far refused to allow the supply of weapons to Ukraine or even permit military aid to pass through Hungarian territory. He gas angered NATO allies and Zelensky, who has called the Hungarian prime minister “[Vladimir] Putin’s only European supporter”. But it is Zelensky who could have simply let the Donbas go but prefers to put Ukraine through a living hell many are starting to see that he is just a puppet of the Neocons.

It is also interesting to see Hillary Clinton coming out all the time filling the airwaves with hatred of Russia. Hillary has always been one of the Neocons who started the hatred of Putin by creating the fake Steele Dossier to claim Putin interfered in the 2016 election. She has now been fined by the Federal Election Commission but the press ignores all that and how much it cost the country is fake investigations. She accomplished her goal – 70% of Democrats believed Russia was the evil empire.

All my sources clearly say that Zelensky is a FRAUD. To the Italian Parliament, he claimed Russians were kidnapping children and torturing them with no proof. Then he claims that when the Russian left a town there were bodies everywhere when in fact that was another false flag and Russia has called for a UN security council meeting to look into this bullshit. Then he tells the Netherlands they will be next so start World War III now!

The US merely takes whatever Zelensky says and files charges against Russia like war crimes. It is actions like this that ensure we will NEVER return to world peace when all that is hurled at Russia is pure hatred. Never before the Biden Administration did we EVER witness any American President despise the head of Russia or China deliberately refusing to act civil. Even Kennedy sought peace through negotiation as did Nixon, Carter, and Reagan. We have no peacemakers today – only warmongers.

Then Zelensky appeared on the Grammys to sell the idea of war to the American people. Would they ever put Putin on to listen to his side of the story? Of course not!  I really wish everyone who cheers Zelensky should just go to Ukraine and go try and kill as many Russians as they want since they have been filled with such hate thanks to all the brainwashing. He could settle this and simply comply with (1) the 1991 Belgrade Agreement and Ukraine staying NEUTRAL, and (2) the Minsk Agreement and let the Russian section decide their own fate after he reversed the law and demanded that ONLY Ukrainian is the official language.

Polish Army forces have been put on alert near the border with Ukraine for Zelensky’s refusal to negotiate in good faith has created a change in plans. The Belarusian Armed Forces are preparing to enter the war and will attack Zelensky in Kyiv for they too have a national security risk as Zelensky keeps trying to drum up World War III and keeps pushing for NATO to enter. Belarus will take western Ukraine up to the border with Poland and Russia will take the East. We may see this launch by next week and this will mean that Zelensky has put Ukraine at risk for his refusal to negotiate in good faith honoring the Belgrade and Minsk Agreements.

Zelensky has supported the Ukrainian Nazis who have even bragged that they feed the bones of Russian-speaking children to their pet wolves. He could have easily resolved this entire crisis by releasing the very people Zelensky hates so much. He knows what he is doing by constantly trying to get NATO to enter Ukraine which will be World War III that he said has already started. He will go down in history as someone up there with Adolf Hitler when the dust settles. He wants all our children to die for his personal hatred. Pushing Russia against the wall will only lead to Nuclear War. He has divided the entire world and it seems he is following orders. He cannot be this reckless.

Apr 5 2022

Sri Lanka Inflation and Food Crisis Results in Widespread Social Chaos


Posted originally on the conservative tree house on April 4, 2022 | Sundance 

I have stated for the past year ‘the absence of food will change things‘.   The inflation and food affordability crisis has now surfaced in Sri Lanka. Global media is paying attention, even sending out warnings about what this might represent for other nations.

Sri Lanka has a debt to GDP ratio of 120%, approximately the same as the United States.  However, Sri Lanka does not have the benefit of their currency being supported as the global trade currency; therefore, the debt and domestic inflation rate are directly tied together.

The rate of food inflation in March has exceeded 30%…. the absence of the public being able to afford food has now surfaced and the government is collapsing.  Read the news from Sri Lanka through the prism of what could happen in U.S. cities if we lose the dollar as the global trade currency.

(Via Reuters) – Reuters Breakingviews) – Sri Lanka’s collapse is front of mind for many. Protesters fed up with crippling shortages of essential food and fuel items are on the streets, prompting multiple members of Prime Minister Mahinda Rajapaksa’s cabinet to offer to resign late on Sunday.

Social unrest will probably accelerate a restructuring of some $44 billion of international sovereign debt. Though Sri Lanka’s problems follow years of mismanagement, its speedy unravelling is a warning to sturdier economies from Europe to Asia suddenly grappling with a spike in the cost of living.

A current account crisis read more has intensified after the West fired its sanctions bazooka at Russia as punishment for its invasion of Ukraine. Rolling blackouts and a state of emergency are frightening away remaining tourists, a crucial source of foreign exchange. Food inflation hit an eye-watering 30.2% in March.

The currency’s 40% depreciation against the U.S. dollar in one month, including a central bank managed devaluation, is blowing out leverage ratios: Public debt estimated by the International Monetary Fund at 120% of GDP is perhaps some 40 percentage points more than might be deemed sustainable, guesses Citi.

[…] It’s a reminder of the political implications of high prices. Prior to Russia’s invasion of Ukraine, few Asian countries had consumer inflation in double digits. The standouts were Sri Lanka and Pakistan, whose Prime Minister Imran Khan on Sunday dodged a no-confidence vote and called fresh elections. Poorer countries are more vulnerable to surging global food prices because their populations spend more on food than discretionary items. (read more)

Food inflation in Sri Lanka reached 30%…. things start immediately collapsing.

Consider the recent projected rate of food inflation in the United States (wave 2, this summer):

.

Apr 4 2022

WHO: COVID Vaccine Can Cause Hearing Loss


Armstrong Economics Blog/Tyranny Re-Posted Apr 4, 2022 by Martin Armstrong

The skeptics were concerned about the long-term effects of the mRNA vaccines. “Safe and effective” was the slogan promoted to the masses as the major pharmaceutical companies refused to reveal their initial studies. We know that the vaccine can cause heart inflammation (myocarditis), menstrual changes, anaphylaxis, thrombosis, Guillain-Barré Syndrome, and even death.

The World Health Organization (WHO) is reporting on a new side effect: hearing loss. The WHO has recorded 367 cases of tinnitus and 164 cases of hearing loss. The Pfizer/BioNTech vaccine specifically was responsible for around 80% of reported cases, according to the WHO. Hearing loss is not currently listed as a side effect of the vaccine, and only the Janssen product has been flagged for causing tinnitus (primarily in women).

Yet, the Centers for Disease Control and Prevention (CDC) still asks people as young as five to take the “safe and effective” vaccine. I fear that additional ailments will present themselves as time goes on. Bottom line: these vaccines are not safe. Governments can no longer ignore this fact, and yet, they are continually forcing the masses to take countless doses of this poison.

“Trust the science!” Oh, sorry, what was that? I did not hear you.

Apr 4 2022

Sunday Talks, Hillary Creeps Out from the Catacombs to Demand More War and Bloodlust


Posted originally on the conservative tree house on April 3, 2022  | Sundance

If there’s one political figure who should remain stewing over her toxic cauldron in the dark recesses of political caves, it’s Hillary.  The same creature who purposefully destroyed the nation of Libya by organizing a NATO invasion, has no credibility to discuss foreign invasion by Russia.

Regardless of the outcome in Ukraine, whenever the conflict finishes, there will not be modern human slave markets in the streets, widespread graphic violence using machetes, race-driven and tribal genocide and tens of thousands of people continually shoveled by the dump trucks into mass graves.  That’s the current status of ‘life’ in the north African country of Libya following the aftermath of Hillary’s war.

I would not normally even think about sharing any viewpoint from this evil and maniacal creature if it wasn’t for Clinton recently reopening the Clinton Foundation and Clinton Global Initiative so she could scrape off some of the $14 billion in aid congress has allocated for Ukraine.  Watch as she starts to frame her attack position and position Saudi Arabia, India, parts of Europe and China as targets for more “diplomatic leverage,” vis-a-vis blackmail sanctions, if they do not adhere to her call for the destruction of Russia.

She’s transparently trying to promote her influence – Tony Blinken was her former protege’ – as a potential influence broker if countries want to avoid being on the wrong side of the Biden-Blinken operation in Ukraine.  Clinton is the Al Sharpton of shakedowns using geopolitical blackmail.

.

Apr 4 2022

German Grocers Warn Consumers of Significant Second Wave Price Increases


Posted originally on the conservative tree house on April 3, 2022 | Sundance

The inflationary impact to any specific country is directly proportionate to the scale of the government intervention in the COVID lockdown spend.  Almost all of the nations who deployed the WEF program are in the same inflationary position.

The U.S., U.K., New Zealand, Australia, Canada and the EU, within which Germany is the largest economy, all followed the WEF spending instructions.

(Germany) – According to the German Retail Association (HDE), consumers should prepare for another wave of price hikes for everyday goods and groceries.

Even before the outbreak of war in Ukraine, prices had risen by about five per cent “across the product range” as a result of increased energy prices, HDE President Josef Sanktjohanser told the Neue Osnabrücker Zeitung on Friday.

With Russia’s invasion hitting economies and the supply chain harder, yet another series of price increases is on the horizon. “The second wave of price increases is coming, and it will certainly be in double figures,” Sanktjohanser warned. (read more)

Every time the supermarket checkout rings, a yellow vested rebel is created.

Apr 3 2022

Biden – Inflation – Risk to National Security


Armstrong Economics Blog/Opinion Re-Posted Apr 3, 2022 by Martin Armstrong

QUESTION: Hi Martin,
What do you think banks will do with mortgages if we continue experiencing high inflation and/or hyperinflation? Do you think we might be able to pay off a mortgage with gold if things get bad enough?

Marc

ANSWER: No! The contract is in dollars and that cannot be altered. There won’t be hyper-inflation for that takes place when the CONFIDENCE in government completely collapses. The shallow analysis of even the German Hyperinflation has created such a myth that inflation is the result of an increase in the money supply – WRONG!!!!!!

To set the record straight, the hyperinflation followed the Weimar Republic’s FORCED LOAN in December 1922 when they seized 10% of everyone’s assets and gave you a bond you can buy on Ebay. Once that took place, people would no longer accept German currency and exchanged everything for foreign currencies, art, rare coins, stamps, and real estate.

In 1925, when Germany had to issue a new currency, it was backed NOT by gold, but by real estate. The same human response took place in Zimbabwe and even Japan because the emperors would devalue the outstanding money supply to 10% of what it was valued out and issued their own coins at the new value. The people refused to accept Japanese coins turning to Chinese and bags of rice. Japan lost the ability to issue coinage for 600 years.

This inflation is NOT based on printing money. This inflation is based upon shortages of goods. The source is very different and this is not going to end well. Biden’s sanctions have undermined the entire world supply chain. We are all connected and that includes Russia and China.

To create even more deliberate chaos, the Biden Administration is now out to impose trade restrictions on China as well. U.S. Trade Representative Katherine Tai is advocating a dramatic change in the United States’s relationship with China. The Biden White House has concluded that trade with China should be altered to be a defensive economic posture rather than continuing under the Phase One trade deal brokered between the Trump administration and Beijing. Like everything else, whatever Trump did, Biden is going out of his way to reverse it.

This will only further increase inflation right into 2024 and destroying the world economy removes any incentive to work together. Once Biden destroys the economic foundation ties with China all to put pressure on the World Economic Forum’s Great Reset, it looks like all-out World War III will unfold after 2024. Biden and his entire family have been bought and paid for. I find it outrageous that the Democrats demand Justice Thomas recuse himself because of comments of his wife, yet Biden is perfectly fine dealing with China and Russia when they have poured millions into his family’s pockets.

Biden seriously needs to be REMOVED from office as a matter of National Security.