Category Destruction of Western Civilization

Jun 1 2022

Joe Biden Says He Welcomes Advice from New Zealand Prime Minister Jacinda Ardern on How to Structure Firearm Restrictions and Force Climate Change Energy Policy


Posted originally on the conservative tree house on May 31, 2022 | Sundance

Joe Biden sought counsel today from New Zealand Prime Minister Jacinda Ardern about how best to remove firearms from Americans and force the U.S. economy to a dependency on renewable energy.   Prime Minister Ardern took the top spot in the global progressive movement after the retirement of German Chancellor Angela Merkel.

PM Ardern, a remarkable smiley-faced fascist, now represents the face of modern global leftism and boned-up her progressive bona fides with the totalitarian New Zealand COVID policy.  The corporate fascists within the World Economic Forum love the government compliance model represented by Ardern to the collective global society they are creating.

New Zealand has a population of 5 million people, and a GDP of $205 billion (about the same as Nevada).  By comparison the U.S. has a population exceeding 350 million and a GDP exceeding $21 trillion. That said, during their White House meeting today, Joe Biden emphasized that he welcomes the assistance of PM Ardern in helping to guide U.S. efforts for firearm regulation and a comprehensive climate change driven renewable energy economy.

[Transcript] – […]  You understand that your leadership has taken on a critical role in this global stage — and it really has — galvanizing action on climate change; the global effort to curb violence, extremism, and online, like happened in Christchurch.

And — you know, we want to be — I want to work with you on that effort.  And I want to talk to you about what those conversations were like, if you’re willing.

The United States is, you know — it’s just been — there’s a — there’s an expression by an Irish poet that says, “Too long a suffering makes a stone of the heart.”  Well, there’s an awful lot of suffering.  We’ve been — I — I’ve been to more mass shooting aftermaths than, I think, any President in American history, unfortunately.  And it’s — it’s just — so much of it is — much of it is preventable, and the devastation is — is amazing. 

Yesterday — or not — the day before, I was up — I was down in Texas.  And people sat in a room — about 250 of them in a large room — with me for almost four hours.  Not — nobody left.  They waited until aft- — until I spoke to every single person in that room.  Every single person, they waited to the very end.  And the — they — the pain is palpable. 

And you’ve been one of our closest partners with a long history and friendship.  Eighty years ago, Marines landed in New Zealand before embarking on — into the Pacific Theater in World War Two.  And I think I told you, when I met my — my — two of my mother’s brothers who were in the Pacific — they used to be able to deploy at the same time in those days, in World War Two.  And one was shot down in New Guinea.  And they never found the body.  But it’s — you know, it’s — the history goes back a long way — a long way.

And I want to, by the way, recognize New Zealand’s significant support for Ukraine, as a lot of Indo-Pacific countries are doing now.  And — because this is more than just a regional war going on.  

So, I look forward to our conversations today.  We have a lot to talk about.  And I’m really, really delighted to have you here — really.

PRIME MINISTER ARDERN:  Thank you.  And can I say, Mr. President, thank you, so much — so much —

PRESIDENT BIDEN:  You — you can do anything you want.

PRIME MINISTER ARDERN:  Great.  (Laughs.)  Thank you.  And we really welcome this opportunity.

As you’ve said, we’ve spoken on several occasions.  And what stood out to me on both those occasions were we traversed such similar issues, and not — not least, of course, our shared history.  

You speak of your uncle’s service in the Pacific; my grandfather served in the Pacific.  And I think that speaks to the personal connection but also the depth of our friendship and relationship as two countries.  

We are in an incredibly difficult international environment.  But also, domestically, it is extraordinarily challenging as well.  And can I bring the sincere condolences of the people of Aotearoa New Zealand for what you have experienced in Texas and in New York?  And it’s been devastating to see the impact on those communities.

Our experience, of course, in this regard, is our own.  But if there’s anything that we can share that would be of any value, we are here to share it.

PRESIDENT BIDEN:  Well, the work you’re doing with tech companies is really important, and I want —

PRIME MINISTER ARDERN:  Absolutely.

PRESIDENT BIDEN:  — to work with you there as well. 

PRIME MINISTER ARDERN:  And I absolutely look forward to updating you on some of the conversations we’ve had this week because I hold hope that we can make progress.  

I also wanted just to acknowledge your leadership in bringing to the table the Indo-Pacific Economic Framework.  And whilst, of course, we are significant advocates for the CPTPP, the IPEF presents a significant opportunity to build the economic resilience of our region.  So, I look forward to having a bit of a discussion about that opportunity as well.

I also want to acknowledge your significant leadership on Ukraine and how important that has been not only to us as we’ve looked to play a role as well, but globally as we look to make sure that we strengthen the international response to what is a threat to our values and, of course, the territorial sovereignty of Ukraine.

I do want to finish on a note of optimism.  Climate change also is one of the greatest threats that we face.  And I believe that, in you, not only have we seen the leadership but the opportunity that exists between our nations to work together on this incredibly difficult issue that will only be resolved if we work together.

So, thank you.  With — as you’ve seen, we’ve got a lot to discuss, so —

PRESIDENT BIDEN:  We’ve got a lot to do.  And I want to emphasize the last point you made: “working together.”

PRIME MINISTER ARDERN:  Absolutely.

PRESIDENT BIDEN:  We are not coming to dictate or lay down the law.  We —

PRIME MINISTER ARDERN:  Yeah.

PRESIDENT BIDEN:  — we have more work to do in those Pacific Islands as well.  I mean, we’ve — and so, we talked at length about — in the past about my trip to Japan and Korea and then dealing with the Quad.  And so — but I think there’s a lot of opportunity —

PRIME MINISTER ARDERN:  Yeah, I agree.

PRESIDENT BIDEN:  — to make the world safer and deal with the environment. 

PRIME MINISTER ARDERN:  I agree.  I agree.  So, thank you.

PRESIDENT BIDEN:  Thank you.

Thank you all very much.

Q    Mr. President, will you meet with Senator McConnell on guns? 

PRESIDENT BIDEN:  I will meet with the Congress on guns.  I promise you.

{Transcript End}

Jun 1 2022

NEC Director Brian Deese Defends Policy as U.S. Economy Transitions Away from Oil and Gas to Windmills and Solar Power


Posted originally on the conservative tree house on May 31, 2022 | Sundance 

Anytime you hear the code-word “transition”, what the explainers mean is the change from traditional oil, gas and fossil fuels to renewable energy and the Green New Deal.  The phrase “economic transition” is used to explain the economic collapse of Main Street that will happen during the switch.   Remember THE GOAL?  It has never changed.

National Economic Council Director Brian Deese, aka the U.S. version of Baghdad Bob, appears before several audiences today in an effort to use as many words as possible to explain the “transition,” without actually explaining the “transition.”  Why?  Because they don’t want the average person to know what the “transition” is all about…. Because if the average person knew what this “transition” is all about, then they might realize all of these massive increases in price are being done intentionally.   WATCH:

.

Again, you guys are going to get sick of me saying this…. BUT, the number one problem our country faces is that the vast majority of us are PRETENDING.

The White House is pretending the U.S. government does not have full control over what is happening in the economy.  The media are pretending not to know that the White House is avoiding admitting the agenda and economic pain is intentional and unavoidable.  The republican politicians are pretending the Biden economic transition program is because the White House is incompetent.  All of these -and so many more- are just pretenses.

What is being done by the government, in this decision to switch from an oil and gas economy into a wind and solar economy, is being done on purpose. Yes, everyone at every level of government, both political parties and every agency within it, and the entirety of the corporate media are pretending not to know this is the Green New Deal taking place.

We cannot confront or solve this stuff, until we -including media- stop pretending.  Brian Deese is Baghdad Bob.

I will not eat the bugs.

.

Jun 1 2022

American Confidence in the Economy Drops to Lowest Level Since 2009, Oil Prices Climb, Gas Prices Break Records, Main Street in Serious Trouble


Posted originally on the conservative tree house on May 31, 2022 | Sundance

…..Quit Pretending

Joe Biden is not running this economy.  Joe Biden’s economic advisors are not running this economy.  Joe Biden’s cabinet members are not running the economy. The people running this economy are the climate change activists behind the scenes who have been elevated into positions in all economic cabinet offices throughout the administration.  This was the deal in 2020 that led to Biden’s installation.

Professional political activists, Elizabeth Warren and Bernie Sanders types, within the Interior Dept., Energy Dept., EPA and other regulatory agencies related to the energy economy are in control. Not a single operator within the system looks to the White House or executive office for guidance.  They knew they had a short window to carry out the unilateral agenda regardless of damage it does.

This is a full-throated assault on the energy industry under the auspices of the climate change agenda. And that is what is collapsing Main Street and pushing massive costs onto consumers via inflation.  That’s it. That’s the background. No one in/around the White House has any control over the consequences. That was the 2020 deal made, and the reason why Biden was selected as the nameplate.

Oil prices have shot up to $120/barrel.  Russia and Ukraine are being used as a smokescreen for the ‘Build Back Better’, or domestically, the “Green New Deal’, agenda.  The same climate agenda supported by the entire Western government alliance who bow to the altar of the World Economic Forum.

Damn the consequences, full speed ahead. Main Street citizens are collateral damage.  They don’t care. In the view of the operators, their urgent goals are bigger than our needs; and their high-minded, filled with superiority justification is, they are trying to save us from ourselves.

US NEWS – The jump of more than 50% for oil prices so far this year has been a big contributor to the very high inflation sweeping the world. Earlier Tuesday, a report showed inflation in the 19 countries that use the euro currency hit 8.1% in May, the highest level since records began in 1997. (more)

Of course, every American can feel the impact, even if they cannot identify the reasons outlined above.

WASHINGTON – Americans’ confidence in the economy has plummeted to a new low, hitting likely the lowest confidence since the end of the Great Recession in early 2009, according to a new Gallup poll released on Tuesday.

Gallup’s Economic Confidence Index (ECI) measured -45 in May, which is down from -39 in each of the past two months. (more) 

The only thing we know with absolute certainty, is that things are going to get worse.  They know how bad it is going to be, that’s why they are working to mitigate any risks to the centralized power.  That risk mitigation includes the need to consider armed citizens as a threat to the process.

There will be electricity shortages.  There will be even more “necessarily skyrocketing” increases in energy costs, both cooling and heating.  There are going to be more, even larger, food price increases and potentially some shortages.

As each unavoidable item like housing, energy, gas and food costs more, there are less dollars available for non-essentials.   Inventories on durable goods will climb as consumers hunker down with priority spending on the most essential items.  If the demand is gone, employment layoffs in the goods sector will take place.

This process, a very predictable yet unnatural outcome from the consequence of completely restructuring the energy sector which underpins the economy, is not going to get better.  There is far more downside yet to travel.

We are entering the ‘you will have nothing, and you will be happy phase.’

The sanctimonious and pontificating elite class are justifying all of this pain by saying they are trying to save the planet.

I will not eat the bugs.

May 31 2022

Canadian Politician Urges Optimism Amid Energy Crisis


Armstrong Economics Blog/Energy Re-Posted May 31, 2022 by Martin Armstrong

Since politicians are incapable of easing the energy crisis, they gaslight the public to believe that high prices are a good thing. Ontario Liberal candidate Granville Anderson is urging Canadians to see the “silver lining” in higher gas prices. “Maybe that’s a silver lining and that may allow people to think outside the box and say maybe I better look at seeing if I can ride a bike to work or buy an electric car,” Anderson said. “I think the price could be a lot lower than it currently is. But again, I said that may allow us to think twice and probably find another mode of transportation.”

Interestingly, he made these comments shortly after Ontario experienced a disastrous storm that left 150,000 people without power. I am sure people would be thrilled to drop their kids off at school via bike or trek through a storm to arrive at a job that pays only enough to make ends meet with sky-high inflation. The common suggestion of politicians to buy an electric vehicle is insulting to the majority of the population who cannot afford that luxury. According to Scotia Bank, the average cost for an EV in Canada is between C$32,000 and C$160,000. The average maintenance cost is C$1,150 annually, not including charging or unexpected fees.

There is no silver lining to the energy crisis; there is no alternative option to gas at this point in history.

May 31 2022

Gun Control After Texas


Armstrong Economics Blog/Opinion Re-Posted May 31, 2022 by Martin Armstrong

QUESTION: After Texas, what reforms would you advise if any?

GH

ANSWER: They will be those who immediately advocate ending private gun ownership. They have no idea what they are talking about for real criminals do not buy their funds in stores. Much of the weapons the United States hands out in various countries to fight whoever ends up back in the United States on the black market. Guns they gave to Syrian Rebels, the Taliban, and even Ukrainians end up on the black market on American streets. Nobody wants to talk about that.

On August 29th, 2013, the Obama administration surprisingly announced new gun control measures. They deal with the little-known problem of re-importation of US weapons we give to rebels to fight various conflicts that go to our streets. The Obama administration began curbing the import of military surplus weapons because of the evidence from Bengasi.

With all the yelling and screaming about weapons on the streets, it is not widely understood that many actually are coming from our own sales or gifts to rebels overseas. We hand out weapons like candy for political reasons and they are arming the domestic drug trade. The story behind-the-curtain was that Stevens who was killed there played an active role in selling these weapons and that was the real reason for him being targeted.

The weapons that were flowing through Stevens were alleged to be the key to conflicts throughout the region and were flooding the streets in America as well in another secondary black market. This was a key source of weapons for Syrian rebels which was also a Neocon objective to overthrow the Syrian government. Taking out Stevens stopped that traffic in guns. That was the TRUE story behind Benghazi.

So, the weapons for war are on the street and in the hands of the drug dealers. So imposing regulations to stop the sales of assault weapons will not stop the problem. But this incident t presents a real clear and present danger. This shooter was crazy. He asked his sister to help him buy a gin and she said no. When he did get his hands on one, he killed his grandmother who probably saw mental issues in him.

So is there any Regulation That Might Work?

The problem here is he was crazy. I do not see any problem with having to prove you are of sound mind to buy ANY gun. In this case, it appeared that his family would have said NO. Perhaps it should require family consent but perhaps a mental examination as well. There should be a waiting period and perhaps a mental examination by three separate doctors in a blind test to certify that he is of sound mind.

Outlawing guns or even assault weapons will not address the issue. Someone can always get them from the black market. In this case, the shooter was clearly crazy. That type of person would more than like to try to buy a weapon at a gun store. I think the mental exam and family consent are more important than anything else. The Swiss have a militia-type system and most men must be trained and can keep their guns at home. Yet they have no real crisis in guns.

Guns do not kill – the Person Behind the Gun is the Killer

In Florida, a 10-year-old just joked about shooting up the school. Despite the fact that he did not actually possess a weapon to commit such an act. the police were notified and he was arrested. In Florida, they have a union with a task force for that purpose. In Japan, I guy killed people in a mod with a knife.

CANADA TO BAN HANDGUNS?

Of course, Trudeau is jumping all over this incident to ban handguns. This is the real goal because governments know that what is coming is a revolution for they cannot keep this system of endless borrowing forever. This is what the Great Reset is all about. Their quest to retain absolute power. Biden can outlaw particular types of guns, but not retroactively. He can force everyone to register their guns, and then if they fail to do so, imprison them under the same principle of a failure to file income taxes. They cannot imprison you for the failure to pay your taxes, only if you lie to them about what you owe.

May 31 2022

Around 40% of US Adult Children Live with Parents


Armstrong Economics Blog/North America Re-Posted May 31, 2022 by Martin Armstrong

A large portion of the youth can no longer afford to live on their own. A new survey found that around 40% of parents in the US currently have an adult child still living at home. An additional 25% reported that their adult child temporarily lived with them but has since moved out. Of the 2,200 respondents, 33% said that their adult children simply could not afford housing on their own. An additional 33% said their child needed financial support after college, while 17% cited job losses.

This has darkened what should be the “golden years” for many Boomer parents. Around 35% said they could no longer afford their long-term goals, and 26% said supporting their adult children has hurt their short-term financial goals. An additional 14% said the added cost had limited their ability to save for future health care.

Previous generations could afford to go to school, work hard, buy a home, and start a family. That is no longer the case amid inflation at a 40-year high coupled with historically high housing and rental costs. The average federal student debt is $36,510 per borrower, while private student debt averages $54,921. Home buying is out of reach for many, as the current average price for a home in America is nearly half a million dollars. Even those with the best credit, and help from their parents, have been outbid by cash offers. Rental costs are through the roof, with the average one-bedroom going for $1,683 (22.1% YoY increase), but it is hard to find an available apartment as occupancy hit 97.5% in December 2021. This all ties in with the drastically declining birthrate as people cannot afford to support themselves, let alone a family.

The unfortunate state of the economy will lead to a new generation of frustrated individuals who are behind in life at no fault of their own. The government has killed the economy, and with it, the American dream.

May 31 2022

Joe Biden Memorial Day Message, “The Second Amendment is Not Absolute”


Posted originally on the conservative tree house on May 30, 2022 | Sundance

The installed occupant of the oval office was asked today, “Sir, do you think there is anything different in how Republicans will approach the gun reform question now, given the circumstances?”  Within the response from Joe Biden {Direct Rumble Link}, he said this:

[Transcript] – “Look, when I first started doing hearings on the issue of what rational gun laws should be, it was during a period when I was a senator and the death rate was going up.  Not that many more people were being shot, but the death rate was up.  And when I think of — I’m not sure, I think it was (inaudible) hospital in New York — whatever the largest trauma hospital is. 

And I sat with a trauma doctor, and I asked him — I said, “What’s the difference?  Why are so many people…” — and not that many more people were being shot.  This is now 20 years ago, or 25 years.  I said, “Why are they dying?”  And they showed me x-rays.  He said, “A .22-caliber bullet will lodge in the lung, and we can probably get it out, may be able to get it, and save the life.  A 9mm bullet blows the lung out of the body.”

So the idea of these high-caliber weapons is of — there’s simply no rational basis for it in terms of thinking about self-protection, hunting.  I mean, I just — and remember, the Constitution, the Second Amendment was never absolute.  You couldn’t buy a cannon when the Second Amendment was passed.  You couldn’t go out and purchase a lot of weapons.”  (LINK)  WATCH:

Except for that “shall not be infringed” part.

May 30 2022

The Endless Propaganda Behind the Dollar


Armstrong Economics Blog/Basic Concepts Re-Posted May 30, 2022 by Martin Armstrong

QUESTION: Marty; the gold propaganda is increasing dramatically. They are now claiming there are five signs that say the dollar will collapse any day now.

  • Warning Sign #1: Russia Sanctions Prove Dollar Reserves “Aren’t Really Money”
  • Warning Sign #2: Rubles, Gold, and Bitcoin for Gas, Oil, and Other Commodities
  • Warning Sign #3: The Petrodollar System Flirts With Collapse
  • Warning Sign #4: Out of Control Money Printing and Record Price Increases
  • Warning Sign #5: Fed Chair Admits Dollar Supremacy Is Dead

My friend flew in from Brazil and they pulled her over and checked all her jewelry. I think you had said they were doing that in Italy last year. This was New York at JFK. Cryptocurrency is not currency and selling oil in Bitcoin which is crashing makes no sense when it too is not backed by anything. These are the same old claims for the last 20 years that I can remember. Their solution is always – buy, buy, buy gold. My question is if they are now pulling you over for jewelry when you travel, gold has underperformed for 30 years compared to stocks and even the dollar. Will gold even survive in this crazy world?

Thank you for always being the voice of reason

WK

ANSWER: These ideas and claims are old and never change. For years they claimed the dollar was only the reserve currency because of oil, yet oil as a percent of the world economy was at best 5%. Then the claimed Bitcoin would replace the dollar as the reserve currency. That was just another scam and based on this same old theory of the Quantity of Money that dates back to Gresham’s Law. That theory is so dead it’s crazy, but it is like one of those Zombie movies that it keeps coming back to life.

Gresham advised Queen Elizabeth based on the debasement he saw in the coinage by her father Henry VIII. He was debasing his currency because Spain was doing that and he thought it was a way to create free money. The French did that during the 13th century by altering the silver to gold ratio which blew up the financial system in Italy and ended many banking houses. Those who base their entire theory on this period TOTALLY fail to grasp the context of the period.

There was NO Reserve Currency. All the currencies of various nations traded on the first currency exchange which was Amsterdam. They traded against each other ENTIRELY on the metal content. That is what determined the value of their currency.

Coming out of the Dark Ages, the first coin to actually attain a universal acceptable which was the first stage of a reserve currency was the gold florin of Florence, Italy. This was made possible by the rise of Italian banking and the Medici there in Florence. Other countries imitated the florin for it was accepted as the standard.

Imitations of the universally accepted currency took place with the Athenian Owls, the tetradrachm of Alexander the Great, and then the Roman silver Denarius and gold Aureus. The strongest economic power saw its currency become dominant in the world so others issued coins imitating them because a Roman gold aureus carried a premium over just a plain lump of gold. Egypt never even issued coins until they were conquered by Alexander the Great yet to facilitate trade, they issued imitation silver Athenian Owls, which were really the first established world currency.

However, I have warned that analysis has two approaches. First, you start with a theory and then cherry-pick the fact to support your theory as they are doing in Climate Change. There, they ignore all the data prior to 1850 and only attribute the warming since the last Little Ice Age to the Industrial Revolution.

They took a natural cycle oscillating back up which is when economic expansion always takes place historically, They then attributed that to fossil fuels and ignored the entire natural history of the earth. This has been used solely to justify creating their one-world government because no single nation can defeat global warming.

Here we have the front cover of Time Magazine predicting climate change back to an ice age. That was dated January 31, 1977 corresponding to the sharp spike down into a negative Arctic Oscillation in 1977. In the April 28, 1975 edition of Newsweek, they actually proposed solutions for climate change that included outlawing internal combustion engines.

This is when Al Gore came to the rescue. Just like the poles flip on the sun every 11 years, Al Gore flipped the argument from manmade cooling to manmade warming to save the end goal — eliminating all fossil fuels regardless of the evidence. Who needs science when you can just make up the studies and cherry-pick the facts to support whatever you want. They have done that very same exercise with this forecast centered on gold and how the dollar will collapse all because of fiat, which every currency has been from day one when Lydia first created coins and declare their value which was always in excess of the metal content.

Even the propaganda of the Petrodollar has been mind-blowing. Unbeknownst to these people who push that theory, they are clueless about the truth behind what really took place during the 1970s. In 1976, the US and Saudi Arabia colluded to force down oil prices, which inadvertently set in motion a financial crisis in Iran that destabilized that economy and undermined the Shah’s hold on power. These facts have surfaced from declassified documents of Brent Scowcroft who worked in both the Nixon and Ford White House Administrations. Their attempt to manipulate the price of oil downward created the Iranian Revolution. The religious faction used the decline in oil and the economic recession to overthrow the Shah. OOPS!

This strange theory that the dollar is supported by oil just does not hold up. Even when we just compare the highs and lows between the dollar and oil, it does not hold up. In 2008, the dollar bottomed against the Euro but oil peaked. The dollar bottomed in 2016 but crude bottomed in 2020. The high in the dollar in 1985 coincided with the 1986 low in crude. Like global warming, they focus on just one aspect and ignore the fact that the dollar has NEVER been canceled and that it has become the world reserve currency because of that fact, plus it is the dominant economy just as Rome, Athen, and Macedonia in their times.

Emerging markets before World War I issued debt in British pounds. After World War II and all the capital fled to America because tanks were rolling down the streets in Europe, Emerging markets issue their debt in dollars – no longer British pounds. These people focus only on gold, the quantity of money, and old dead theories of Petrodollars, and totally ignore the fact that the United States has the largest consumer-based economy in the world. That is how China, Japan, and Germany have all risen from the ashes without gold reserves. They were export-oriented economies selling products to Americans. None of these theories ever mattered and that is why you have heard the same story since 1971 and everyone who followed that forecast has lost a fortune in everything else.

The definition of Fiat Currency is highly prejudiced. Investopedia says:

“Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.”

Britannica says:

“fiat money, in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver.”

Before coins, even the Bible stated that in Genesis 23:16: “Abraham agreed to Ephron’s terms and weighed out for him the price he had named in the hearing of the Hittites: four hundred shekels of silver, according to the weight current among the merchants.” The very first this that took place was that there was an agreement on the standardization of weight.

Therefore, it was in Lydia that the king began to stamp his symbol on these standardized denominations. He effectively took over the creation of money. The value he set was over and above the previous raw value of the metal. Thus, this became fiat which coin collectors call “seignorage” the profit over and above the metal content.

When war broke out, Lydia was the first to debase the currency maintaining the value but reducing the weight. This idea that if the money is gold somehow makes the system honest, is nothing but propaganda.

Even under a gold standard, there were periods of inflation and deflation. Read the history of the California Gold Rush. During the 1849 Gold Rush in California, the journalist for the New York Tribune, Bayard Taylor (1825-1878), arrived in San Francisco by ship during the summer of 1849. He was shocked at what he encountered and did not think that anyone would even believe what he was going to write. His dispatches about the gold rush economy in California stunned many and helped to create the 1849 Gold Rush. The average wage for a laborer in New York was about one or two dollars a day. In California, individual hotel rooms were rented to professional gamblers for upwards of $10,000 a month, which is the equivalent of about $300,000 today. The degree of inflation in terms of gold was astounding and lacks comparison in modern times. There was so much gold, that the value of goods rose even though they did not in New York. The inflation phenomenon was local.

Gold became so common; they were even striking $50 gold coins in California when $20 was the highest denomination elsewhere and $1-dollar coins down to 25 cents all in gold. Eventually, there were $1 gold coins minted in the United States for general circulation throughout the USA. Indeed, Taylor wrote:

“[One] citizen of San Francisco died insolvent to the amount of forty-one thousand dollars the previous autumn. His administrators were delayed in settling his affairs and his real estate advanced so rapidly in value meantime that after his debts were paid, his heirs had a yearly income of $40,000 [$1.2 million today].

“These facts were indubitably attested; everyone believed them, yet hearing them talked of daily, as matters of course, one at first could not help feeling as
if he had been eating ‘of the insane root.’”

As far as fiat is concerned, the true definition is when the value of a currency is declared by the government which is all money even if it is made of gold or silver. Here are two silver dollars issued in 1873. The domestic silver dollar standard was taking 70 cents worth of silver and calling it one dollar with a weight of 26.73 grams. Simultaneously, that was not recognized in Asia so they issue a Trade Dollar for external use with a weight of 27.22 grams. The value of the metal is solely based upon the decree of the government. By the 1890s, the United States had flooded the world with silver which resulted in the Panic of 1893. By then, the value of the silver was perhaps 60 cents they were calling a dollar.

These people often confuse FRAUD with the monetary system. Sweden is the oldest Central Bank. That is where the fraud all began. The first true banknotes for circulation appeared in Sweden, and these were actually used by the government to support its wars with Germany. In 1661, the government established a 30-year monopoly for its Stockholm Banco to issue these banknotes known as “letters of credit” that were to be payable in Swedish copper plate money that was extremely heavy weighing almost 15 kilos. It was not very practical for these huge plates to actually be used in circulation.

However, this practice of Fraud began whereby they abused the system. They began to issue more paper notes without the copper plates in the bank. That is entirely different from fiat currency. Here they said they were backed by the copper plates, but they needed more money so they issued notes fraudulently without the purported backing. That is NOT a fiat system – it is fraud.

This FRAUD was discovered and it led to the first banking panic in 1663 when there were more obligations than copper plates to redeem the notes. The bank was forced to close in 1664.

I have told the story before that it is so CRITICAL to understand the full context of history. William Penn took the term Philadelphos in ancient Greek which meant Brotherly Love. He interpreted that in a Christian sense that I love my brother. So he named his city Philadelphia – the city of brotherly love. Well to those of us who did study ancient cultures and languages, it was always one of the funny jokes. Brotherly Love meant you married your sister.

These people interpret gold as money and fiat and all the other nonsense with petrodollars etc, they have selected what they want to support a theory that they began with. Everything they have been telling people for decades has resulted in a lot of people losing a fortune and even some losing their homes.

They are not interested in actually looking at the truth. To them, it’s all fiat money, and only a return to a gold standard will stop inflation and create the perfect world following that same dangerous path as Kark Marx.

The system is far more complex and you CAN NOT reduce everything to a single cause and effect. That is what others are doing with CO2. It’s time to wake up and smell the roses. Garbage in = Garbage Out.

I have warned that the Russian Sanctions have begun the decline and fall of NOT the dollar – but the entire world economy. Once Biden used SWIFT to remove Russia, that was the end of globalization. It has NOTHING to do with the oil or anything else. The sanctions have severed Russia from the West’s Economy and put China on alert that they are coming for them as well. China setting up its alternative to SWIFT, is not directly trying to kill the dollar. It is recognizing that the world economy is under siege and what will evolve in the future in the collapse of all governments but the single greatest threat has been the Sanctions which have altered everything – not fiat currencies and gold.

World peace is created by everyone benefiting from a global economy. Destroying globalization leads nowhere but to war for that hand no longer feeds you so go ahead and bite it.

May 29 2022

Australia – Green in Control


Armstrong Economics Blog/Australia & Oceania Re-Posted May 29, 2022 by Martin Armstrong

The world has been taken over by the “Greens” who want to destroy all fossil fuel production fearing that if the tide turns, they will lose this opportunity. We are seeing the same push from Germany, the United States, Australia, Canada, and New Zealand. The AGENDA IS TO ACTUALLY DESTROY THE CAPACITY TO PRODUCE and cause so much damage that no future administration will be able to restart what they have destroyed.

There is no rational agenda, They do not care if there is any alternative available now. Even pushing for electric cars that take up to two hours to recharge after a few hundred miles are not ready to replace everything. The power grid will never support it. Worse still, the #1 target in war is the power grid. If all transportation is electric, taking out the power grid will become critical and could render the defense of a nation impossible. Add to that the push for Digital Currencies by the central banks so the government will get every penny of tax by eliminating paper money. Takedown the power grid, and you will also wipe out the financial system.

There is no discussion with these people that is even possible. Unfortunately, this is most likely the fundamental behind what our computer has forecast the rise in a civil conflict which will no down lead to civil wars and revolutions.

May 29 2022

Neil Oliver, Perhaps it is Time to Pluck the Strutting Peacocks at Davos


Posted originally on the conservative tree house on May 28, 2022 | Sundance

In his weekly monologue today, Neil Oliver discusses the strutting peacocks at Davos who think they are masters of the universe controlling the outcomes of the sheeple masses beneath them.  However, as Oliver also notes, only the brainless frogs will sit in the pot – the rest of us, but far the majority, have no time for these insufferable schemes and dictates.

The pretense of the Potemkin village can only be maintained as long as good, moral and virtuous people extend the graciousness of patience and play along with the pretending.  Whether the Davos crowd want to admit it or not, the ranks of the grace-filled are diminishing, and the ranks of the vulgarian hoard are swelling.  We are all becoming increasingly hardened, deliberate and refusing to pretend. The control mechanisms are starting to falter, and the messaging hits deaf ears.  WATCH:

[Transcript] – The usual suspects have been in Davos again, at the World Economic Forum overseen by Klaus Schwab – the few hundred of the most unimaginably rich gathered in one place to fantasise together about what the several billions of us ought to be forced to do in order to make those billionaires’ lives better.

Those poor billionaires – for whom everything on Earth might finally be perfect, if only someone would invent the vacuum cleaner big enough to suck every last one of us peasants, inconsequential specks of dust that we are, into outer space once and for all.

While listening to whichever one on stage is pontificating about this or that technological advance, or about how better to structure civilization itself, I find it best to imagine they have the high pitched, excitable voices of children – like in those TV adverts for chewy, jelly sweeties.

When I do that, I am reassured by their evident ridiculousness, their patent lack of a grasp on the reality of what this human species of ours is all about.

Some of their ilk talk blithely about the millions, billions of “useless eaters” who might best be controlled and placated by drugs and video games.

I hear it announced that it is already time to “hack” the human animal and implant technologies to make us better at being alive in the world. Some of them are apportioning to themselves nothing less than the power of God.

It is precisely that genetic failing of theirs, demonstrably present in one billionaire or technocrat authoritarian after another, that will always be their undoing in the end. That glitch, that Achilles Heel common to all of them, is their failure to note the still limitless potential of the unadulterated Human Being Mark I. They think they have us mapped – tracked and traced already – but they don’t.

There’s another thing they collectively overlook – or deny, at least to themselves – while making their plans and cooking up their little magic potions.

And it is fear – their own fear. Their all but overwhelming fear of all of us. Whether or not they’re aware of it, they are motivated, those few hundred Richey Richests, by fear of the billions of us. They look out at us, down on us, from their castle walls, and our presence – in all our endless, untidy, unpredictable variety – and they are afraid. They don’t really understand us, they don’t really get us, and it’s that which has made them fearful.

People always fear what they don’t understand. When you get right down to it, they would probably rather we just weren’t here. But we are here. We are here and every last one of us, white, black or brown, tall or short, good at maths or good at growing plants, or good at putting smiles on the faces of those around us, or whichever small fragment of the miraculous each of us has within us – every last one of us has the same unalienable right to a place on this planet as any one of them. Klaus Schwab, Bill Gates – whoever – has no more right to be here, to live the best life available here, than you or me.

You may have heard or read by now about the slowly boiled frog. It’s that notion that you can put a frog in a pot of cold water and turn on the heat beneath. Poor frog doesn’t know what’s happening and so, according to the story, is slowly and unknowingly cooked to death. We are invited to think that we are like that frog, that we are helpless to identify the danger we are in, far less to extricate ourselves from our plight. Here’s the thing: it’s not true.

Back in the 19th century a scientist of sorts removed a frog’s brain and found it would, indeed, remain in the steadily heating water until dead. But much more recently, in the 20th century, biologists tried the experiment with healthy, complete frogs – and found that every single one of them leapt out long before it was in any real danger. Sometimes, the frog wouldn’t stay in the pot even when there was no heat under it at all.

Clearly the lesson there is that only brainless frogs get boiled alive.

I would offer here a helpful analogy: we placed ourselves in a pot called the social contract. This is a way of describing the relationship we proles have with the State. Put simply, under the terms of the social contract, we agreed to behave and do our bit, and in return the State kept us safe from crime and undue suffering and protected our rights and freedoms. That was the deal.

A while ago, though – even before the adventures of Covid-19 – the State turned the heat on under the pot. It takes a while – and each one of us frogs becomes aware of the change at a different moment – but sooner or later one frog after another realises the water has become unpleasantly warm … and jumps out. I feel this is what is happening now – that’s what’s been happening for years. More and more healthy frogs, with brains intact, are getting out of the pot, turning their backs on the social contract.

For those who thought they could cook us, without us knowing, this is a frightening time. The billionaires, technocrats and autocrats can sit together in Davos and squeak excitedly to one another all they want. But they’re in another pot – a pot of their own elitism – and the heat under theirs is rising too.

I am wired to look back in time in search of answers to problems. Given the assumption that there’s noting new under the sun – that a version of whatever is happening now has likely happened in the past – I look to see how things played out.

Nearly 2,000 years ago the Caledonians of the north faced off against a Roman army led by a Roman Governor called Agricola. Among much else, the Roman Empire wantedsubmission from those people they deemed lesser, inferior.

According to Agricola’s son in law, Tacitus, the Caledonians were led by one they called Calgacus, which means the swordsman, who rallied his forces with these words, or words like them:

“To all of us slavery is a thing unknown; there are no lands beyond us, and even the sea is not safe, menaced as we are … And thus in war and battle, in which the brave find glory, even the coward will find safety … unpolluted by the contagion of slavery … the furthest limits of Britain are thrown open, and the unknown always passes for the marvellous. But there are no tribes beyond us, nothing indeed but waves and rocks, and yet more terrible Romans, from whose oppression escape is vainly sought by obedience and submission.

“Robbers of the world, having by their universal plunder exhausted the land, they rifle the deep. If the enemy be rich, they are rapacious; if he be poor, they lust for dominion; neither the east nor the west has been able to satisfy them. Alone among men they covet with equal eagerness poverty and riches … they create a devastation and call it peace.”

I read about those Romans and see the model for every autocratic empire there ever was, and that ever shall be – from whose oppression escape is vainly sought by obedience and submission. The Romans were the victors of the battle in question, but they never did win either the submission or the obedience of those Caledonians. The Roman Empire declined and fell, of course – as every empire must. Empires used to last for centuries. The most recent last for just years. They fall, the world kings, faster and faster every time.

The strutting peacocks of Davos, the WEF, the United Nations and the World Health Organisation are no Romans. But they want our obedience and submission and have endeavoured to obtain as much by stealth. They thought we wouldn’t see them, wouldn’t see what they were doing, that we wouldn’t feel it, but we did and we do.

They sought to exploit our good nature. Give the devil his due – the social contract was good while it lasted. We had peace a lot of the time, rule of law, personal freedom and protected rights that passed from generation to generation.

That was then, though, and this is now. Now a handful of frightened billionaires and their enablers seek to make the pot a prison. By the manipulation of fear and the application of propaganda, they want us to be and to remain forever as frightened as they are.

They tell those of us who’ve noticed that we are being silly, that nothing of the sort is happening. This is gaslighting – and that is the gas that’s already lit under the pot. But look at what they’ve done. Having slipped and shouldered their way further and further into our lives, every aspect of our lives, they’ve only made a mess of everything. For all their wealth and their so-called wisdom we’re all about to get poorer, colder and hungrier. Already millions have had their health – physical mental or both – hopelessly compromised. It is increasingly hard not to see this as having been the plan all along. After all, surely no one in authority is stupid enough to have caused all this harm by accident.

As far as I am concerned, the social contract has been broken – not by we the many law-abiding, tax-paying majority, but by the few of the State.

Of course, an analogy only goes so far. We are not frogs. We are human beings. This is our country, our world. In the moment we decide collectively that we have nothing to fear from those who would take advantage of our good nature … in that moment the fear is gone. And somewhere in their hearts, and somewhere in their heads, the billionaires in Davos must know it too. (LINK)