QUESTION: Hello Martin. I’ve been a long-time follower and one of the first subscribers to Socrates “Basic.” Your information is always valuable! I’d classify myself as a retired, middle class fellow, who has put away enough funds to be comfortable. But, I got very uncomfortable when you just posted “We cannot rule out the Biden Administration canceling the dollar before the 2024 election.” My fears for myself and my family are being caught offguard in investment, location, and security. I can’t afford going to your annual events; would you consider a large treatise or book on how to survive in the middle class?
LC
ANSWER: These are the next two books. The first, Modern Analysis for the 21st Century, dives into technical analysis and why fundamental analysis has been so wrong. I am trying to make an authoritative work that perhaps after I am dead will force academia to change the course of its methodology, particularly in economic analysis. The Geometry of Time will deal with cyclical analysis. I think we are all here for some purpose and then we get to leave. I hope this is what I leave behind.
Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.
Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.
In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.
(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.
Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.
[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.
U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”
[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.
After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.
In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)
What do Barack Obama and Joe Biden have in common? They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.
Tunisia is actually criminalizing free speech under the claim that it is spreading “fake news” to end free speech in the country. The problem is this is the trend in the aftermath of COVID. Anything disagreeing with the government narrative is increasingly moving toward criminalization. This was the very same trend that the LEFT took under Marxism. I find it ironic that all we hear is that China is this horrible communist government that suppresses free speech when the United States is doing the same. I went behind the Berlin Wall before it fell with a friend to visit his family trapped there. If anyone was close to us, the rhetoric of how wonderful the government was became the speech. Then came the truth when we were alone. This is where we are headed.
The number of people censored and de-platformed under COVID was the launch pad for the termination of the First Amendment in the United States once and for all. The government has been directing private platforms to censor and remove people and then claim that the First Amendment only applies to the government – not to private companies. Robert F Kennedy, Jr. came out and also told the Democrats that they were weaponizing the government. Yet even the military has come out and confirmed that the COVID vaccines were causing serious side effects in the military. They hate RFK as much as Trump, for he, too, threatens their authoritarian style of government. Meanwhile, Congressman Jordan has put Pfizer on Tight Timeline to produce all evidence of Collusion with the Executive Branch and Social Media. This is going to be VERY interesting.
The Biden Administration taking its orders from the Neocons, has sent a letter advising Trump he is now a target in the January 6th nonsense, calling it sedition so they can bar him from ever holding any political office under the 14th Amendment. This outright interferes with the 2024 election, but nobody can indict the Department of Justice. Meanwhile, Edward Snowden is in Russia because they would prosecute him for treason for telling the people that the government is violating the Constitution. We have lost the Rule of Law, which is one of the last straws before the decline and fall of any nation. Senator Chuck Grassley released the FD-1023 form, alleging that Mykola Zlochevsky, Burisma’s founder, paid a $5,000,000 bribe each to Vice President Joe Biden and Hunter Biden to have Ukrainian prosecutor Viktor Shokin fired.
I seriously doubt we will hear this story on CNN, MSNBC, Washington Post, New York Times, other than perhaps claiming it is a conspiracy theory. The media is now AGAINST the people and have formally crossed over into the camp of totalitarianism, refusing to report the truth about anything from election fraud to the war in Ukraine. The days of honest independent journalism are over. FOX fired Tucker for this very reason – they were given their marching orders.
It is confirmed that the FBI has circumvented the Constitution and violated the civil rights of everyone in this country by colluding with social media to censor citizens, which the First Amendment states that they cannot do under the rule of law. When the FBI raided my office and home, they NEVER produced any inventory. Things were missing I have never located ever since, and the lawyers will tell you you “cannot accuse the FBI of theft,” plain and simple. They then can claim they found whatever they want on a raid when they do not make an inventory. A former VP of the NY Post told me personally that the government calls the press or a journalist and starts they have a “favor” to ask. If you refuse, they send the IRS after you and tear your personal life apart. The government dictates even Wikipedia. That is why universities now tell students Wikipedia is NOT to be used as a source. It is not trustworthy. NOTHING is safe anymore. Even the pretend Fact-Checkers are not independent and are just part of the whole scheme.
Freedom of speech is only free when it applies to everyone. I must defend the right of free speech even when disagreeing. True freedom of speech is incredibly dangerous for those in power when they have abused that power and are desperate to retain that power. This is what we face going into 2032. Those in power are losing their grip. I warned that our computer was projecting a rise in civil unrest and international war post-2014 at our 2011 World Economic Conference. That is now becoming obvious to many, including those in power.
It was Free Speech that was under attack in England. Remember the English Civil War between Royalists and Parliamentarians raged from 1642 to 1651. The Puritans won, beheaded the King, and imposed their religious beliefs upon everyone. It became a felony to kiss your wife in public. They outlawed all sports and Christmas and authorized spies to look in people’s windows to ensure they were not celebrating Christmas. Against this backdrop, in 1668, William Penn, founder of Pennsylvania, was imprisoned in the Tower of London for writing pamphlets Truth Exalted: To Princes, Priests, and People and The Sandy Foundation Shaken. This was all about protesting religion. The Bishop of London ordered that Penn be held indefinitely in prison without bail until he publicly recanted his written statements. I know how that goes also for Free Speech.
This is what Free Speach Was All About. Allowing the censorship of social media is outrageous. This is merely a sign that 2032 will be the collapse of governments. They know they have abused their power, and this is really the time for the Neocons. They care nothing about the country, or your future, only their insane hatred and cheer on the destruction of Western Society without ever considering what if they lose as they have consistently done since the 1960s.
The wisdom of those who rose to create a new way of government against monarchy is no longer revered. They tore down Jefferson’s statue until they claimed he was a slave owner. He inherited the slaves through his wife. Jefferson was the one who was against slavery and wrote the Declaration of Independence that stated all men were equal. But to free the slaves in 1776 would have been a death sentence. There was no employment at your local Starbucks. How would they survive? Those who judge others in the past by standards today are the greatest fools of all. Yet they preach hatred rather than bother to understand the core issues of freedom.
In 2013 a reporter asked Justin Trudeau which country he most admired. “There is a level of admiration I actually have for China because their basic dictatorship is allowing them to turn their economy around on a dime,” Trudeau smiled and stated with seriousness. He went on to say how he admired (i.e., envied) how dictators could implement laws on a whim without the people’s consent and added a nod to climate change policies, as the left does not see that as a problem yet. Trudeau is a graduate of Klaus Schwab’s authoritarian school and has strived to infiltrate the entire world and impose his social-economic doctrine to circumvent democracy and our personal freedom, all because we are too stupid to understand how the world should function according to what he believes everyone should bow down to him and gobble at his feet – herr führer (my leader).
The next 8-years going into 2032 will be the most difficult. History warns us that society will shed its skin like a snake. We will embark on a Great Reset, but many believe Schwab is using our model and trying to force this to go in his direction of totalitarianism. Democracy suddenly became Populism when Trump won in 2016. They will no longer tolerate our right to vote because we are not intelligent enough to understand that they are in power so shut up and sit down.
That Trump victory upset everyone at DAVOS. Suddenly they feared that they might be voted out of power. Thus, democracy became evil populism, and now Freedom of Speech also threatens their designs of indefinitely retaining power.
This UNELECTED Climate Tzar is also against democracy. He is using climate change for absolute control. They will attempt to use this to lock us down when things start to go against them. They are delusional to think that they can retain power but abuse and authoritarianism. History warns that NO GOVERNMENT has ever survived indefinitely. They all fall because of precisely what is taking place. The more they feel that power slipping between their fingers, the worse they will become.
Our computer warns that we are rapidly approaching 2032, when we just will have to turn out the lights on this failed political experiment. We have to start thinking about what type of government we will need to create and a monetary system since this is a global crisis that we are approaching where our republican forms of government will fall by their own weight of corruption just as monarchy did in the 18th century. It begins with the ending of free speech, as William Penn discovered, coupled with the collapse of the rule of law.
Edward Gibbon wrote of Emperor Commodus (177-192AD), with who historians agree began the Decline and Fall of the Roman Empire, that his abuse of the legal system denied any ability to obtain Due Process of Law. In the end, the ONLY recourse was a revolution because they simply assassinated him, which he then cast the Roman Empire into civil war.
“distinction of every kind soon became criminal. The possession of wealth stimulated the diligence of the informers; rigid virtue implied a tacit censure of the irregularities of Commodus; important services implied a dangerous superiority of merit; and the friendship of the father always insured the aversion of the son. Suspicion was equivalent to proof; trial to condemnation. The execution of a considerable senator was attended with the death of all who might lament or revenge his fate; and when Commodus had once tasted human blood, he became incapable of pity or remorse”
The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There is no idea of a BRICS currency.” Foreign minister S. Jaishankar made it clear that the five-member BRICS group – consisting of Brazil, Russia, India, China, and South Africa – isn’t currently planning to develop a greenback substitute for trade and investments. “On what we will discuss at the BRICS meeting, we’ll have to see because there are many other issues – but there is no idea of a BRICS currency,” he said, as shown by footage from the Hindustan Times.
To even attempt to do something is absurd to create a BRICS currency like the euro would doom their economies. The #1 market remains the American consumer, and to price things in some alternative currency would undermine their own economies. People need to understand currency.
That was the entire purpose of creating the Euro. German Chancellor Kohl took Germany into the euro for the purpose of eliminating the foreign exchange risk to other European states so that Germany could then sell more products throughout Europe. The euro was to eliminate that foreign exchange rise to increase sales. The propaganda of the goldbugs who just hate the dollar is utter nonsense. They will not create some BRICS alternative to the dollar, surrendering their sovereignty to some central power as all European states did by creating Brussels. Kohl denied the Germans the right to vote on joining the euro, for he knew he would lose. That is why he refused to consolidate the debts fearing the German people would rise up in revolt against him.
The Roman Empire was the financial capital of the Western World. They traded with both China through the silk road and India for spices. Even Alexander the Great attempted to conquer India and failed. Here we have an Indian imitation of a Roman gold aureus of Tiberius. The importance of Indian imitations of Roman gold coins demonstrates that there was a PREMIUM to the coinage of Rome above the metal content, which is why the Indians imitated Roman coinage. Otherwise, they would have minted their own coins in Southern India.
Indian imitations of Roman gold coins continued into the reign of Gordian III (2388-244AD), minted in Southern India that traded spices with the Greeks and the Romans. In Northern India, there was the Kushan Empire which was the first to issue Indian gold coinage. However, the Kushan Empire was not that portion of India that was engaged in the spice trade.
All of this proves a very significant point. The coinage was not simply the metal content. If that were the case, we would not find an imitation of the coinage of the dominant financial capital at that time. Here is a gold imitation of Philip II (359-337BC), Alexander the Great’s father.
We see the same imitation of the silver Athenian Owls (Tetradrachm) minted in Arabia. The same exists in Egypt, which did not issue its own coinage. Imitations of the dominant coinage of financial capital existed throughout the centuries.
Even during the 12-13th centuries, European states also imitated the gold Florin of Florence. All of this clearly establishes that the goldbugs are simply wrong and do not understand the monetary history of the world. There is always a premium to the dominant economic empire. For right now, that is the US dollar.
COMMENT: Hello,
I remember you writing more than once last fall that the week of Nov 9th was targeted by the computer for something significant. That week was the elections, which I think everyone focused on. However, FTX also collapsed that week, which is pretty significant. You have yet to take credit for this great prediction.
Thank you so much for your work, you are a true humanitarian.
Respectfully submitted,
SL
REPLY: These forecasts are not my personal opinion. There are just so many such forecasts it becomes overwhelming to try to point out every single one when the model is covering the entire world. I am working diligently to do the book on the Economic Confidence Model and all I can hope is that with a track record of such forecasts since the 1970s, just maybe, people will open their eyes and understand we cannot manipulate society for political gain when we are all connected. No politicians can eliminate unemployment when the world is in a depression.
I am trying to document the turning points historically. I have gathered all the people who have discovered cycles in EVERY field. Only is economics has cycles been rejected because economists and politicians want to pretend they can manipulate the world. That is what Klaus Schwab is trying to do right now.
I hope to have this book out with the first edition for the attendees of the WEC com November.
Watch the video above or click here to view the latest interview.
Martin Armstrong returns to the Outer Limits of Inner Truth Podcast to discuss: what Socrates is saying about the 2024 election, the likelihood that CBDCs will not succeed based on what happened in Africa, the fall of Western Civilization, where the elites want to take humanity, and how to preserve your liberty in these trying times.
QUESTION: Dear Martin,
DeSantis announced his run for the Republican candidacy. You’ve mentioned several times he would be eaten by the career politicians in Washington. What if he becomes Trump’s running mate? Would that be a good course?
Sincerely, Martijn
ANSWER: That would be the only way I would see DeSantis as having any real influence. As I have said, I was asked if I would talk Trump out of running and join the advisory team for DeSantis last year. I declined. I replied that everything has changed and that they would just eat him for lunch as they did to Trump when he first walked into Washington.
Washington has declined so much so, that the fools on the Hill now think just switching to a Republican will make it all better. The Biden administration has inflicted so much political damage as well as division among the people, the USA must fall. It cannot stand as one nation with such division. And it is not even Biden – who is the real symbol of the Fool on the Hill. He is only the puppet just like the last emperors of Rome.
I do not care that the propaganda claims the election of 2020 was not rigged. Of course, it was, but not by the Democrats. They too are naive. The Deep State is in full control. The CIA convinced Trump to delay the release of JFK files until after the election. They played Trump like a fiddle. When Biden got in, he granted their perpetual stay to cover up their involvement. The FBI was out to prevent a Trump victory. Anyone who thinks that the CIA, NSA, or FBI cannot change the vote is an even bigger fool. They should grab a gun and go fight for Zelensky.
NONE of this from war to climate would have taken place under Trump. I said I had gone to Mara Largo in March 2020 for dinner and that is when Trump actually impressed me. He said he would pull the troops out of Afghanistan because he was tired of writing letters to parents explaining their son died for God and their country. He said they were fighting over borders that for 1,000 years. What difference are we going to make?
Perhaps you will remember in January 2019, Iran shot down an American drone. There is no question that John Bolton, Trump’s national security adviser at the time, was provoking Iran-U.S. tensions. He wanted another war. Quite frankly, Bolton would invade Canada to hunt down a Russian. Trump fired the Neocons, and rightly so. There is NO WAY they will allow a free election in 2024 and as a last resort they will assassinate Trump for now he understands the real game in Washington. They can now freely assassinate him since they are moving to digital currency and won’t have to look at his face on a coin or dollar bill.
Trump is clearly the better choice because he knows the real game now in Washington. They will eat DeSantis for lunch and spit him out. The Deep State is in full control. And for those who hate Trump, don’t be fooled. Sorry, Dorothy, you are not in Kansas anymore. Party politics is DEAD! This is the decline and fall of the United States and Western Civilization. You have 8.6 years left. In Washington, this has become the politics of fools. The more they lose control, the more totalitarian they will become.
The World Health Organization (WHO) can make recommendations after the declaration of a global emergency. It has no definitive control over any nation’s decisions. However, as we saw with COVID, countries bow to the WHO and that included the Biden Administration. The left zealots love to scream loudly that conservatives falsely claim that amendments proposed by the Biden administration to existing global health regulations, and a new WHO pandemic treaty, will threaten U.S. sovereignty. They are actually correct, but not that the WHO will have absolute control. That would be UNCONSTITUTIONAL. But the Biden Administration wants to push for “voluntary” compliance and surrender our policy to conform to that of the WHO.
Trump was correct – NATO and the WHO should be defunded. They are both power-hungry organizations that exert only their own self-interests. When Communism fell, there was no longer a need for NATO. The days of Kruschev were gone. Putin, Yeltsin, and Gorbachev were never interested in invading Europe to spread communism. That boast died long ago.
The American NEOCONS adopted the opposite view that they would conquer the world and spread their version of “democracy” which is really their pretend version of a free government since they are never elected. NATO had no purpose but kept the idea that Russia wanted to conquer the world. They have always promoted war – never peace.
From the very beginning of the UN, they too have dreamed of becoming the one-world government. This remains the agenda and they too promote war in hopes of rising in their glory to become the great peacemaker and solidify their power. This is why the exercise of power at the WHO is surfacing and it is all promoted by the World Economic Forum which is the Marxist brainchild of Schwab.
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