Posted originally on the CTH on August 2, 2023 | Sundance
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Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”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.
A man attempted to purchase strawberries with cash at an Aldi grocery store in the UK, possibly leading to his arrest. They want us to adjust to the cashless society that will implement globally by the World Economic Forum under its Digital Currency Governance Consortium. Some call cash “hard currency” to further differentiate it from the coming digital world of finance. Piers Corbyn, who happens to be the brother of British Labour Party leader Piers Corbyn, has gone viral for what many are calling an act of rebellion against the globalists.
The Aldi in Greenwich only accepts payments through the Aldi App. Aldi implemented this measure during COVID and never repealed it. Stores are commonly banning all cash transactions, and it is legal for them to deny cash. These stores may not realize that the WEF will soon implement one “globally coordinated approach to [digital currency] regulation” and their individual apps will be obsolete.
As for Corbyn, he placed his cash on the counter and left the store with his strawberries. People cheered as he left the store. Aldi employees called the authorities. “I’m offering exactly the right amount of money here,” he announced, “I’ve paid my legal tender.”
“Legal tender” is merely any form of payment accepted by law. So while the “hard currency” produced by the Royal Mint may be considered legal tender to some, the grey area here is that sellers do not need to accept it as a form of payment. So what was once a commonly accepted legal tender is now fiat, containing no intrinsic value without the backing of CONFIDENCE.
When the gold coin was money during the 19th century, it rose and fell in purchasing power no different than any paper currency. You cannot walk into a grocery today and pay in gold. People only accepted paper money because they knew others would accept it as a form of payment. Fiat is simply an arbitrary decree.
Governments are telling the people loud and clear that cash will be phased out. They are making us accustomed to the idea, gaslighting us into thinking digital is more convenient. The truth of the matter is that the day will come when they ask us all to turn in our “hard currencies” in exchange for CBDC. I applaud this man for his act of bravery and hope he was not arrested over a pint of strawberries.
The victor gets to write history, and that is precisely what the LEFT did with FDR and the New Deal. You will never be an accurate analyst unless you accept that you are duty-bound to investigate the truth no matter where it may lead. The myth of the New Deal and its success in dragging the United States out of the Great Depression still prevails. This myth was the LEFT rewriting history, which truly became the propaganda that the Democrats had clung to right up to now, the Green New Deal.
This country had a massive Red Scare following World War I from 1918 to 1923. They were targeting Russians and assuming they were all just Communists when many fled here from Communism. The Department of Justice (DOJ) exploited it just as they did terrorists. When we were going to hold a conference at the Convention Center in Philadelphia owned by the government, they demanded that we purchase Terrorist Insurance covering the entire city and the state. They did not disclose that in advance and stole our deposit when I refused to comply – typical government. The DOJ gained more power, and we suddenly had to take off our shoes to board a plane – the only country to do such a thing.
The paranoia created was used to launch Congressional hearings, censorship, and new sedition legislation used today by the Biden administration against Trump and his supporters, all because of this manufactured Red Scare. They ignored the fact that the vast majority of people who were Russians had fled Communism. Even the story of Saint Petersburg, Florida, got its name on a coin toss, as legend would have it. In 1875 John Constantine Williams of Detroit, Michigan, moved to Tampa and bought 2,500 acres of warm waterfront land that would eventually become St. Petersburg. Many years later, Peter Demens, who was an exiled Russian aristocrat fleeing Communism, financed the Orange Belt Railroad to Williams’s settlement. Williams and Demens flipped a coin to see who would name the city. Demens won the coin toss and named it after Saint Petersburg, Russia. Williams named the city’s first hotel after his birthplace, Detroit.
Then as now, they turned against anyone who was Russian. This was whipped up by the press and the Department of Justice as they did to the Japanese during World War II. It just seemed that they had to target someone, and this time it appeared to be Trump supporters. The interesting fact is that the Red Scare was exposed as FAKE. By 1923, the Red Scare was exposed as being manufactured to generate business. They were also targeting unions. The first victim of the Red Scare was the union of mine workers.
Nevertheless, it was during the New Deal that the real communists infiltrated Roosevelt’s Administration. The New York Times celebrated Joesph Stalin and communism as the future and cure for the Great Depression. Their top journalist Walter Duranty (1884-1957) even convinced Roosevelt to recognize Russia. Duranty met with Roosevelt to convince him that Communism was working and to encourage his New Deal. The mainstream press in the 1930s was very much touting the Communists. They wanted to hear of Utopia and so reported only what they wanted to believe, as they are doing once again.
The New York Times (NYT) journalist Walter Duranty on March 31, 1933, denounced reports of famine to cover up the fact that Stalin stole all the food from Ukraine. The NYT was so pro-Communism that this was the natural infiltration of Reds, but nobody did anything about that. They wanted to hear of Utopia and so reported only what they wanted to believe, as they are doing once again. The New York Times even promoted Duranty to be awarded the Pulitzer Prize for that reporting fake news. When Gareth Jones (1905-1935) in March of 1933 said this was all a lie, the truth finally began to appear. It took the New York Times until 1990 to admit they engaged in fake news pushing communism, covering up the famine in Ukraine to suggest that Stalinism was the Utopia they wanted to impose in the United States. The NYT wrote that their reporting on the Russian Revolution constituted “some of the worst reporting to appear in this newspaper.” Duranty was doing this also to support Roosevelt’s New Deal. He helped install drastic progressiveness in taxation.
Roosevelt’s New Deal was based on Marxism. His first Brain Trust consisted of a group of Columbia Law School professor Adolf Berle, Jr. (1895-1971) and an economist Raymond Moley (1886-1975). In mid-1933, Moley began his break with Roosevelt when he saw that he was becoming increasingly Marxist. He abandoned Roosevelt entirely by 1936 when it became clear that the New Deal had failed. Roosevelt replaced Moley with a decisively leftist economist named Rexford Tugwell (12891-1979). Moley became highly critical of Roosevelt and Tugwell’s policies to such an extent he switched parties and became a Republican.
Tugwell, an academic economist, embraced the Utopian ideas of Stalinism. It was Stalin who Lenin warned should not follow him. Lenin wanted Communism, but each state retained its sovereignty, whereas Stalin was authoritarian and imposed central planning and carried out his Great Purge of 1937-1938, killing between 700,000 and 1.2 million, involving anyone he thought would oppose his central planning. Tugwell sought to impose Stalin’s central panning and crafted much of the legislation in those years that cartelized industry, controlled prices, and embarked on Soviet-style projects. Tugwell was a great admirer of Soviet “achievements” in agriculture and housing, believing the fake news published by the New York Times. Roosevelt even sought to stack the Supreme Court with Soviet admirers to overrule the U.S. Constitution to create this tremendous new Soviet Utopia in America.
All of these regulations did not save the United States – they actually made it far worse. LEFTIST historians have reached a consensus that regards the accomplishments of the New Deal as the major watershed event constituting a definitive dividing line in American social-economic history. These historians present the Roosevelt administration as marking the end of the passive state dominated by big business interests and the beginning of the interventionist state. This new interventionist state was designed to curb the concentrations of business power, claiming to be the protector of the rights and interests of the powerless and underprivileged. They have projected that they alone will secure the general welfare against the capitalists and their profit-seeking agenda. Against this revision of history, the opponents saw this New Deal as a conspiracy of leftist intellectuals with the help of labor union factions. Career politicians have always maintained the public image of Marxist Socialism while selling favors for money to lobbyists.
“Mrs. Clinton said she dreamed of “open trade and open borders” throughout the Western Hemisphere. Citing the back-room deal-making and arm-twisting used by Abraham Lincoln, she mused on the necessity of having “both a public and a private position” on politically contentious issues. Reflecting in 2014 on the rage against political and economic elites that swept the country after the 2008 financial crash, Mrs. Clinton acknowledged that her family’s rising wealth had made her “kind of far removed” from the struggles of the middle class.”
Consequently, the New Deal was the 20th-century evolution of the Marxist Interventionist State. Ironically, they would cut special favors for big business that allowed the Leftist Agenda to take hold. By introducing regulations to intervene in the economy, they corrupted the government by endorsing the rise of lobbyists. What actually took place was that where big businessmen had failed to achieve monopolies during the 19th century, they turned to the Federal Government for protections of various sorts. This even allowed companies by Pfizer to be protected from lawsuits for their failure to provide safe drugs.
The great achievement reached a climax with the passage of the NationiaI Industrial Recovery Act (NIRA) of June 1933. This was one of the measures by which Roosevelt sought to assist the nation’s economic recovery during the Great Depression. This was a unique experiment in economic history that sanctioned, supported, and also enforced an alliance of industries. The Sherman Antitrust laws were actually suspended. Roosevelt insisted that companies were required to write industry-wide “codes of fair competition” that effectively fixed prices and wages, created production quotas, and imposed restrictions on the entry of other companies into the alliances. This was seeking Soviet-style control over industry without seizing private ownership. Promises of self-regulation enticed companies and declared codes of fair competition. While it was marketed as protecting consumers, competitors, and employers, the country’s various industries were to write their own regulations. Employees were given the right to organize and bargain collectively in unions. They were not to be required to join or refrain from joining a labor organization as a condition of employment.
The National Recovery Administration (NRA) was created by the National Industrial Recovery Act (NIRA) and was engaged chiefly in drawing up these industrial codes for all industries to adopt until March 1934. More than 500 codes of fair practice were adopted for various industries. Patriotic appeals were made to the public, and firms were asked to display the Blue Eagle, an emblem signifying NRA participation. However, in 1935, the U.S. Supreme Court unanimously declared the NRA unconstitutional. They held that it infringed the separation of powers under the United States Constitution. The NRA stopped operations. However, Roosevelt was not deterred, and much of the labor provisions reappeared in the National Labor Relations Act, passed later the same year – 1935. This resulted in the one-sided LEFTIST power of unions, which were the core of the New Deal but led to serious corruption over the course of the next three decades.
Yes, I know, we’ll never get rid of the Myth that the New Deal saved us, but the reality is that the Great Depression lasted longer than it would have otherwise taken due to the FDR intervention. We can see that unemployment was still greater than 10% even in 1937 despite the rally in the stock market between 1932 into 1937. It was 1938 when Roosevelt passed the Fair Labor Standards Act establishing a minimum wage. It was also when Hitler marched into Austria, establishing a geographical union of Germany and Austria. Then there was the Munich Pact, where Britain, France, and Italy agreed to let Germany partition Czechoslovakia.
As we can see, the worst unemployment actually took place in 1936, some four years after FDR was elected. So much for his policies reversing the Great Depression. The real event was war, which is why FDR allowed Pearl Harbor to occur. The scandal was that we had broken the Japanese CODE, so the question was, why did we allow Pearl Harbor to take place? They concluded that there was no direct evidence that FDR knew.
COMMENT: Hi Mr. Armstrong, Here is the full version of that short video you posted about Pi. In it, he makes the statement “Where ever there is Pi, there is a hidden circle.” Interesting thought in regards to Pi and the ECM.
QUESTION: Looking at Socrates, do you think that these people who were constantly calling for a recession because there were two quarters that declined with covid really need revision? Socrates was correct, no recession. But it is showing major turning points in 2024 which seem to align with your old ECM forecast calling for commodity inflation into 2024. How would you define a recession?
EJ
ANSWER: In trading, reactions are 1 to 3 time units. I believe that the same definition should be used for classifying a recession. They define a recession as two consecutive quarterly declines. If you look at the “Great Recession” of 2008-2009, you will see three consecutive quarterly declines and a rebound. If we look at the COVID recession caused by locking everyone down, that was just two consecutive quarterly declines.
I personally would argue that a true economic recession MUST exceed three consecutive declines. Here is the chart of GNP from 1929 to 1940. There were three years of negative growth. I simply think that this definition of two quarters is wrong. You can have a slight decline of 1 to even 5%, but that does not suggest a recession. In the case of 1929, that was a decline of 9.5% in 1930 – the first year. Now look at the COVID Crash, which was also a decline of 9.53%. But the difference is that the COVID decline was forced and not natural. That is why it rebounded so quickly. Now the so-called “Great Recession” of 2008-2009 only saw a decline in GDP of 3.47%.
The “Great Recession” was not really so great. It wiped out real estate and bankers but did not fundamentally alter the economy. So who is right and who is wrong will always depend upon the definition. Yes, the AI Timing Arrays point to a recession starting Next Year by their definition. This will most likely be caused by the decline in confidence that will lead to UNCERTAINTY, and as such, the consumer will contract. Up to now, the continued expansion of the economy into 2024 has also been fueled by the shift in assets from public to private.
As originally forecast, we should have seen a commodity boom into 2023,
and we should expect a highly authoritarian attempt by 2028.
COMMENT: Mr. Armstrong, I have been impressed by your Economic Confidence Model. You said there would be no recession until after 2024. You were really the only one who said that. Now Bloomberg reported that the forecasters who “were first out of the box to predict a US recession” are now hedging their bets. They mention Deutsche Bank Vice Chair of Research Peter Hooper and Fannie Mae chief economist Doug Duncan. However, Nomura Securities International senior economist Aichi Amemiya still says a recession is coming, but “it’s getting to be a close call.”
Not one of the significant houses seems ever to get it right. I just wanted to say your model shines a light on the whole analysis field. I can’t wait for your Geometry of Time.
DF
REPLY: Thank you. It has been a most interesting experience. As I said, this is something I bumped into. I did not go looking for such a model. It was something that found me, as many say it was my destiny, even growing up in a house with the address of 314 South Lippincott Ave, in Maple Shade, New Jersey.
These are the books I am trying to get out this year. The Geometry of Time will be next year. The Mark Anthony book should be on Amazon and Barnes & Noble in a couple of weeks. That is, using the coinage to demonstrate what the real story is behind Cleopatra. She was certainly not black as NETFLIX presented to rewrite history for the WOKE agenda. This is very similar to the USA using Ukraine in a proxy war to destroy Russia. Here, Cleopatra funded a war that the coinage was so massive; it still accounted for 20% of the money supply 100 years later.
The Modern Analysis is nearly finished. This goes precisely to the subject you have brought up. This is a reference book on my version of technical analysis, which is different from the mainstream, but it goes into the whole problem of analysis used by academics, which is blinding us to the reality of our actions.
The De-Dolarization demonstrates how this entire nonsense that hyperinflation is caused by just increasing the money supply, which is like saying the Great Depression took place simply because the stock market went down. Here too, the lack of any real investigative analysis has doomed the Eurozone because of the distorted view of the real cause of hyperinflation.
The Geometry of Time will be the companion to Modern Analysis for the 21st Century. This will deal with cycles from the how to the why. It has been academia’s refusal to embrace cyclical analysis and any form of technical analysis that prevent any worthwhile forecasting. This is why people like Larry Summers admit they cannot forecast the economy’s future.
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”
QUESTION: Do you think the BRICS would create a gold-back currency as proposed by Russia?
SJ
ANSWER: The Neocon has directed the Biden administration to remove Russia from SWIFT. Their single-minded goal is destroying the world economy, but they do not care. They think they will conquer Russia and China and dominate the world so they will worry about the monetary system afterward.
You have to understand that if the BRICS followed that directive and created a single gold-back currency, they would have to end any idea of international trade. This proposal is understandable given the hostility of the United States from the Neocons, who are now in charge. Congress is oblivious to what is happening, and the American public is arguing over Transgender destroying the family unit.
This is not some simple one-dimensional idea that we create a limited-backed currency. That will be DEFLATIONARY and, at the same time, promote civil war in the United States. Politicians cannot run for office, promising endless gifts, forgiving student loans, etc. You cannot have deficits. This would NECESSITATE the end of Marxism once and for all.
This idea of a gold-back currency requires political change on a grand scale. That is coming. Post-2032 will be a new monetary and political system. Before then, they are pushing CBDC, and they will restrict what you can buy or sell, and this is all to retain power because they KNOW they are losing it. But in the process, they are destroying everything. The people who voted for Biden had no clue that they were voting for a coup and the ultimate destruction of Western civilization as we have known it.
I buy gold, but I also understand the game. I do not want gold-back currency; I prefer gold to remain as a hedge against the government. If they back the currency with gold, this time, they will be knocking down every door to confiscate it all.
These Neocons have already divided the world economy in two. They think they will conquer the world. The enemy is within.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 