Category End of Cash

Aug 16 2023

The Collapse of the Rule of Law


Armstrong Economics Blog/Rule of Law Re-Posted Aug 16, 2023 by Martin Armstrong

COMMENT: Marty,
I hear Trump is to be arraigned, this time the first with a mugshot that will certainly go viral worldwide, on Aug. 25th. This is immediately after the BRICS summit on Aug, 22-24 with discussions of a new non-dollar trading currency. I can’t believe these lunatics are going to prove to the world America is now a banana republic at such a critical juncture of time. They just can’t help themselves can they? Your De-Dollarization report released this month couldn’t have been timed better.

Regards, Rob

REPLY: Our computer had this week for a Directional Change and next week as a target for a turning point. Then we have a Panic Cycle the week of September 25th. Our February Monthly AI Timing Array, published on the private blog, showed that August was a key turning point. There was a Direction Change in April and a May low. June suddenly rallied and closed above the May high. August has been a key target, and the volatility will rise afterward.

We have a severe Constitutional Crisis. All of these prosecutions against Trump are to interfere with the 2024 election, which violates everyone’s constitutional rights. But worse still, they have all coordinated their attacks and conspired together. This is destroying our legal system. This will now be unrestrained about the legal system, for Republican prosecutors are now free to indict Hillary, Pelosi, and down the line. State prosecutors can now indict all the Democrats, and the DOJ, firmly in control of the Neocons, cannot order a state prosecutor to stand down. All of these indictments against Trump when he is the lead candidate for the 2024 election signals to the entire world that this is the end of the United States experiment in Liberty & Justice for All. It is simply all over. The abuse of the law will now become a free-for-all. Mark Meadows has already moved to transfer the case from the crazy prosecutor to a federal court.

The intent expressly stated in the Constitution recognized that there could be a situation where they would charge a Senator or Congressman and prevent them from voting in order to pass an unpopular bill. Even the founding fathers never anticipated that they would use the law to prevent someone from running for office. This violated everybody in this country’s fundamental substantive due process of law.

U.S. Constitution Article I. Legislative Branch Section VI Clause I

The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States. They shall in all Cases, except Treason, Felony and Breach of the Peace, be privileged from Arrest during their Attendance at the Session of their respective Houses, and in going to and returning from the same; and for any Speech or Debate in either House, they shall not be questioned in any other Place.

There is such a thing as the Supervisory Power of the Supreme Court. Because Trump is now charged in three separate states, plus the notorious District of Columbia, this calls for a petition directly to the Supreme Court under their Supervisory Power because each court pretends that Trump is not the leading candidate. Here we have this ethically corrupt judge in DC who refuses to even acknowledge that Trump was the president calling him Mr. Trump in court. This demonstrates her bias.

Before Justice Barrett joined the Supreme Court, we commented on the Supervisory power of the Supreme Court.

The Supervisory Power of the Supreme Court

The Supreme Court’s relationship to inferior federal courts is not a matter on which the Court typically reflects in any depth. Nevertheless,
the Court in Dickerson recently expressed great confidence in at least one aspect of that relationship: its authority over inferior federal court
procedure, even outside the confines of the statutorily authorized federal rulemaking process. As Dickerson suggests, the idea that the Supreme
Court possesses supervisory authority over inferior court procedure is well
entrenched in its cases.

Dickerson v. United States 530 U.S. 428, 437 (2000)

Each of these courts is out to interfere with the 2024 election. The prosecutors have coordinated these indictments, and as such, they have CONSPIRED against all the civil rights of every person in the United States. I am NOT writing this as a Trump supporter. If the Republicans did this to a Democratic candidate, the law would be the same. I fear that this has now become the NORM, and as such, NO ethical person will ever dare try to run for office if his family is assaulted, and he would be criminally charged for nonsense because a powerful group does not like his policies. EVERY Democrat in Congress should now demand that Biden pardon Trump, for if they do not, the United States will be torn apart, the Republicans will retaliate against Democrats, and the rule of law will collapse.

On June 25, 2020, BEFORE the election, we posted that the election would be manipulated and that Trump should have won. Still, our computer was warning he would probably lose since our geopolitical models showed it could not be Trump starting wars. I warned that historians recorded that the election of 53 BC in Rome was so corrupt that all the bribing got so out of hand that interest rates virtually doubled to pay all the bribes. Given that interest rates before the election of 53 BC had stood at 4% and in post-election years 8%. That corruption undermined the economy, and interest rates rose further during the peak of speculation before the crash stood at 12%.

It was a Debt Crisis that forced Julius Caesar to cross the Rubicon in 49 BC – not a thirst for power. The people cheered Caesar, and it was the senators who fled Rome and ran to Asia, for the people would not support them. The negative image of Caesar was fake news spun by Cicero, who was only of the corrupt oligarchs. I wrote for the conclusion of that June 25th, 2020 post:

“So buckle up. The election of 2020 is going to be the most corrupt, manipulated, and outright fraudulent election in American history. There is a lot at stake. This is a major effort by Marxists to take control. The election of 53 BC was the precursor to civil unrest which began just 3.14 years later when Julius Caesar (100-44BC) crossed the Rubicon on January 10-11, 49 BC. Interestingly enough, it will be four years to the peak of this Economic Confidence Model – 2024.”

We will not even make it to the November 2024 elections. This corruption will lead to a turn in the entire world economy post-May 7/8th, 2024. The 2020 election took place on November 3rd, 2020 (2020.841). Our Rubicon today may very well be 2023.981 – December 24th. Perhaps this will be our political Christmas gift to the world so they see America as not much different than a banana republic. Maybe that is why Biden is flooding the country with illegal aliens with their hand out for welfare.

In 1985, we took the back cover of the Economist for three weeks in July. We announced the peak in the dollar and the end of deflation. Our AI computer, which has the longest track record of anything in the world, was correct then, and we forecasted the Age of the Takeover Boom.

We published these charts back then, demonstrating that the US share market was grossly undervalued. The low in the book value from the Great Depression occurred in 1977. That is what happens in a Public Wave – private assets become cheap. You could buy a company, sell its assets, and triple your money. We had forecast that the Dow would rise from 1,000 to 6,000, and many thought we were nuts back then.

Yes, we attracted the takeover players who used our model to make a lot of money. Alan Bond used it to create Bond University in Australia.

The point here is straightforward. I have warned that our computer has been so negative on the 2024 election even Zero Hedge reported that I was warning, “We may not even have an election in 2024…”

Our computer projected that Trump would win the 2016 election against all the biased polls. Three out of four of our models’ projected that Trump would win, and one was a tie.

Our computer was the ONLY forecast that Nigel Farage would win with BREXIT. Nigel came and spoke at our Rome WEC in 2019 and said just that – we were the only ones to forecast his victory. He had to come because we were the “alternative to Davos.”

When we look at the computer forecast for the popular vote for 2020 compared to 2024, we have warned that the 2020 election would be very close. Our six model group was split 50/50 for the 2020 election. Now turning to the 2024 election, we have four models projecting a Republican win, but look at two of the projections – 61% and 59%. This is absolutely incredible. The only such victory that reached 61% was that of 1920 and FDR in 1936, which is eerily similar.

To Judicial Watch – if you are really interested in defending the Constitution, I urge you to petition the Supreme Court under its Supervisory Power to intervene since we have four proceedings intending to prevent Trump from being elected. The Neocons KNOW they are in trouble, and if Trump won, he now knows the same, and he would drain the Swamp this time. That is why they cannot let him in the White House, and I fear if they cannot block him with prison, they will assassinate him.

The Neocons MUST stop Trump at all costs, for they intend to create World War III.

  There will NEVER be a Fair Election Ever Again!

Aug 13 2023

Land of the Free & Home of the Brave


Armstrong Economics Blog/CENSORSHIP Re-Posted Aug 12, 2023 by Martin Armstrong

COMMENT: Hi Martin,

For months now, I don’t receive about half of your blog emails, most of the time the ones that are politically the most sensitive.
For example, these last few days, I didn’t receive “Massachusetts residents… “ and “FBI carry out hit…”

Have a great day

P

REPLY: We are getting similar emails about Canada censorship. These are only stories reporting the news – not advocating an agenda.

Welcome to the land of the free and home of the brave – some restrictions may apply … void where prohibited. This has been the most popular T-Shirt we handed out at a WEC.

Aug 11 2023

JUST US – The Rising Tide of Civil Unrest


Armstrong Economics Blog/Civil Unrest Re-Posted Aug 10, 2023 by Martin Armstrong

I have said that the reason they indicted Trump’s valet as a co-defendant in the Mar-a-Lago, was to pull the standard “extortion” where he is to perjure himself for the government or face 120 years in prison. This is how they win Conspiracy Cases. Federal Judge Jed. S. Rakoff wrote a book on the extortion process – WHY THE INNOCENT PLEAD GUILTY AND THE GUILTY GO FREE.

They cannot win a conspiracy case without extorting someone to testify against their target. That was the problem they had in my case, there were no co-defendants. Both Trump’s case and the state of allegations against the Biden family from whistleblowers illustrate how the Rule of Law in the United States no longer exists. This is the final straw behind the collapse of the United States. The allegations against Assistant U.S. Attorney for Delaware Lesley Wolf claims that she warned Hunter Biden’s attorneys about potential scrutiny on a storage unit the first son used. For the prosecutor to call and warn Hunter’s lawyers where the IRS wanted to look for the smoking gun is just unimaginable. This has become a shit show and whatever integrity the United States once had in support of life, liberty, and happiness being the beacon of freedom to the world no longer exists.

Then we have this Special Prosecutor using a pro-government grand jury in Washington to indict Trump when the case would have to be brought in Florida under the venue requirement of the Sixth Amendment, which is a constructive amendment of the Constitution. The King would indict you in London, then transport you back to London for a trial because the American colonists would have delivered a fair verdict. This is why the Sixth Amendment clearly states:

Amendment VI

In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, by an impartial jury of the state and district wherein the crime shall have been committed, which district shall have been previously ascertained by law, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favor, and to have the assistance of counsel for his defense.

This is precisely where this Special Prosecutor is going. Indicting Trump in Washington where the grand jury will be more likely than not government employees and Democrats, but the venue clause requires Trump to be charged where the crime took place and that is Florida. Smith is doing the EXACT same thing that the King of England did for which we had a Revolution.

They did not prosecute Richard Nixon and they did not prosecute Bill Clinton when they also had him on perjury charges. Hillary’s private servers with classified documents were set up so her emails would not be accessible under the Freedom of Information Act had they gone through the State Department, which was obstruction of justice. Nobody was ever charged because it would have resulted in civil unrest since the country would be divided. This time, they just do not care. It seems as though they KNOW this will cause civil unrest and they want that to unfold so they can justify even more crazy actions of locking us down again.

30 years ago, Washington was always corrupt. The difference was they at least tried to hide it. Today, they no longer care what you think because they will rig the election and you are no longer needed. The corruption is just open and they are laughing at us all the time as we are a gaggle of fools.

The one thing many people are noticing is that tensions are rising. People are frustrated. Some are stabbing people in shopping malls all of a sudden and others get killed over a parking spot. The COVID lockdown has unhinged many and society is becoming more hostile year by year. This is also a precursor to the rising civil unrest we see coming.

These are forecasts made years in advance. We had a serious Directional Change in 2022 and we were expecting a rise in 2023 with this all exploding by 2025. These people really think that they can do whatever they want because we will shut up and do as we are told. This is going to erupt and this 2024 election will be rigged and the entire world will know that because they no longer care to even hide their agenda.

Aug 11 2023

Bidenomics – Multiple Key Performance Indicators Spell Trouble Ahead


Posted originally on the CTH on August 10, 2023 | Sundance 

Several people have made queries about the current state of our national economic condition against the backdrop of disconnected data points that seemingly conflict. Here’s my review.

July and August are key months to gauge the prior six months of U.S consumer positioning.

Why?

Because all advance purchase orders for the U.S. holiday season are made in May, June and July for inventory builds and delivery schedules for September.  The decisions made by purchasing officers in late spring and early summer, reflect their predictive analysis for the holiday season.

Inventories are evaluated, critical financial discussions are held, and orders are placed for September arrival and distribution.  This predictive activity is what we see in the July and August data that flows from the global, multinational and shipping corporations who facilitate the transfer of the goods.  Check what is happening in distribution, and you can see what eventually creates the boxcar effect in the supply chain that ultimately leads to shuttered manufacturing.

Those who are involved in the business of shipping goods are signaling the flares around the state of the consumer economy and what will happen.  At the same time, the wording is almost hilarious in this era of great pretending.  Instead of saying ordinary words like “poor sales results for durable goods,” the parseltongue calls sales, “destocking.”  Example:  “CEO Vincent Clerc said he saw no sign that the destocking which has curbed global trade activity would end this year.”

Global shipping company Maersk is warning that shipping volume is low because warehouse inventories are high.  The goods are unsold.

(Reuters) – […] CEO Vincent Clerc said he saw no sign that the destocking which has curbed global trade activity would end this year.

“We had expected customers to draw down inventories around the middle of the year, but so far we see no signs of that happening. It may happen at the beginning of next year,” Clerc said at a media briefing.  “Consequently, the uptick in volumes we had expected in the second half of the year has not occurred,” he said. (read more)

The lack of shipping leads to a review of inventory status for the warehouses who would receive the goods.

Bulging Warehouses – […] A review of corporate statements and briefings shows more than 30 U.S. and European companies, including Hugo Boss, Heineken and A.P. Moller-Maersk, 3M Co and Stanley Black & Decker complained that destocking hurt their second-quarter performance.

Retailers particularly have struggled with stocks of clothing and footwear as consumers splurge on holidays rather than goods as they did during pandemic lockdowns.

The downbeat outlook comes amid low expectations for second-quarter results as China’s post-pandemic recovery slows. Refinitiv I/B/E/S data shows U.S. and European companies are expected to report their worst quarterly results in years.

Companies which stockpiled last year are finding it harder to shed inventories when higher borrowing costs and inflation crimp consumer demand, corporate executives and analysts said.

In the euro zone, stocks of finished products hit records in August last year and destocking only started in May, based on latest euro-zone manufacturing data.

In the U.S., an analysis of U.S. Bureau of Labor Statistics by CFRA Research showed business inventories soared by 20% in mid-2022, the biggest jump on record based on data that goes back to 1993. Retailers led the trend – raising inventories by a quarter from a year earlier.

The date in this next paragraph is key:

[…] The U.S. inventory-to-sales ratio was 1.4 in May, up from 1.33 a year ago, which means retailers, manufacturers and wholesalers have more inventory than they can sell at a higher rate than a year ago. (link)

When purchase order decisions for the holiday season of 2023 were being made, the inventory levels were higher than 2022.  This is KPI (Key Performance Indicator) data, because the holiday of 2022 was a total mess.

Holiday sales last year were exceptionally weak as wage earners were struggling to pay for higher prices in essential goods and services, fuel, oil, heating, energy, gasoline, food and shelter.  The lack of consumer purchasing for non-essential goods and/or luxury items resulted in poor sales last year, and the inventory levels are actually higher this year than last year when this year’s purchasing decisions were being made.  That reality drops purchase orders.  The dropped purchase orders lead to Maersk saying they are shipping less goods.

Now, let’s get USA domestic…. because it’s all connected.  For that let’s turn to the U.S. Postal Service:

USPS DATA – First-Class Mail revenue increased $221 million, or 4.0 percent, on a volume decline of 678 million pieces, or 5.9 percent, compared to the same quarter last year. Shipping and Packages revenue remained relatively flat while volume declined 41 million pieces, or 2.4 percent, compared to the same quarter last year.

Marketing Mail revenue decreased $333 million, or 8.8 percent, on a volume decline of 2.6 billion pieces, or 16.0 percent, compared to the same quarter last year. The Marketing Mail decreases were driven by the continued decline in advertising spending due to economic pressures experienced throughout most of the fiscal year, a higher inflationary environment affecting print media production costs. (link)

So, let’s put it all together….

Consumers did not buy stuff.  As a result, spring inventories were high.  Purchasing managers forecast weak sales. Summer purchase orders were very low.  Shipping companies reflect declines in shipping because the purchase orders were low. Advertising and marketing budgets were cut to meet the decrease in consumer spending.  Consumers are not forecast to spend this holiday season.

The economic pie is getting smaller.

Keep in mind, this is all intentional.  This is all part of the outcome from “managing the transition” to a new energy economy.

As you are well aware the various western nation central banks including the U.S. Federal Reserve, are raising interest rates into a global economic contraction, a drop in demand.  Raising interest rates into a contracting economy is counterintuitive, it runs against the expressed interest of government to grow economic conditions.  However, there is a purposeful design to the contradiction.  [A TLDR Version Here]

The central bankers are trying to support western government policy.  Unfortunately, the government policy they are under obligation to support is the fundamental energy shift, or what the World Economic Forum (Davos Group) has called the “Build Back Better” climate change agenda.

Monetary policy can only impact one side of the inflation challenge.  The western bankers (EU central bank, U.S. federal reserve bank, and various banking groups) are raising interest rates in order to “tame inflation” by “taming demand.”  However, as you know the global economic demand has been declining for several quarters.  Raising interest rates into an already contracting economy only does one thing, it speeds up the rate of economic contraction.

Economic contraction is the lowering of economic activity.  Raise interest rates -in a general sense- and businesses invest less, borrowers borrow less, consumers purchase less, employers expand less, and the economy overall slows down. When the economy turns negative, meaning less products and services are produced, we enter a recession. Some businesses and employers do not survive a recession and subsequently unemployment rises.

During recessionary periods people buy less stuff, people have less income stability, and economic activity drops.  When the banks raise interest rates into an economy that is already stalled or contracting, unemployment and general pain on Main Street increases.  Workers are laid-off, incomes shrink, consumer spending drops and that leads to less employment.  Recessions are bad for middle-class and working-class people.

However, that said, there is one benefit from a recession…. Energy use drops.

Aug 3 2023

WEF Study–‘My Carbon’: An approach for inclusive and sustainable cities


Armstrong Economics Blog/Great Reset Re-Posted Aug 3, 2023 by Martin Armstrong

‘My Carbon’: An approach for inclusive and sustainable cities was released in September 2022, and you were part of the test group. The WEF-funded “research” states cities account for 75% of all carbon emissions. As countless governments abandoned their morality to the Great Reset, cities are on track to reduce emissions by nearly half in the coming years. They even want to limit our personal carbon allowance, assisted by digital IDs and credit scores. Most notable in this paper is that COVID was merely a ploy to test how well the masses would comply.

They found three major developments:

  1. COVID-19 was the test of social responsibility – A huge number of unimaginable restrictions for public health were adopted by billions of citizens across the world. There were numerous examples globally of maintaining social distancing, wearing masks, mass vaccinations and acceptance of contact-tracing applications for public health, which demonstrated the core of individual social responsibility.
  2. Fourth Industrial Revolution technology breakthroughs – Advances in emerging technologies like AI, blockchain and digitization can enable tracking personal carbon emissions, raise awareness and also provide individual advisories on lower carbon and ethical choices for consumption of product and services. The World Economic Forum’s Scale 360 initiative demonstrates the use of fourth industrial revolution technologies across the whole life cycle of products and services.

There have been major advances in smart home technologies, transport choices with carbon implications, the roll-out of smart meters in providing individual choices to reduce their energy-related emissions, the development of new personalized apps to account for personal emissions, and better personal choices for food and consumption-related emissions. AI can also help strengthen circular economy business models like product as a service models, demand predictions, and smart asset management by combining real time and historical data from products and users.

There is a significant number of programs and applications enabling citizens to contribute towards carbon emissions by providing them in-depth awareness on the choices of personal carbon for food, transport, home energy and lifestyle choices.

These energy efficiency apps give suggestions and statistics regarding greenhouse emissions and offer ways to reduce your personal footprint. Keeping track of energy consumption in the home and motivating people to make lifestyle changes and to contribute your share towards the betterment of the environment.

  1. Raised awareness and ownership for nature and environment – In the last few years, there is an increased awareness and public concern on climate change and specially among youth. The UNDP’s “Peoples’ Climate Vote” reflects that over 64% of people believe climate change is a global emergency. A new Pew Research Center survey in 17 advanced economies found widespread concern about the personal impact of global climate change: 80% of citizens say they are willing to change how they live and work to combat the effects of climate change. Young adults, who have been at the forefront of some of the most prominent climate change protests in recent years, are more concerned than their older counterparts about the personal impact of a warming planet in many public surveys.

The first point mentions that they implemented “a huge number of unimaginable restrictions for public health” and billions of citizens across the world blindly followed their guidance. There could have been a mass outcry or revolution, but the people stayed inside and followed instructions obediently.

The second point shows that a portion of the population is now on-board with the green agenda. People have downloaded apps to track their personal energy consumption, and going back to point one, feel a sense of personal responsibility. We saw numerous countries adopt digital IDs during COVID that restricted the movement of the people.

The third step notes that there is a raised awareness, and additional personal responsibility, for the state of the environment. At the time of the publication, a Pew Research Center poll of 17 advanced economies found that 80% of citizens wanted to change how they live and work to fight the effects of weather patterns. As Nicole Schwab stated in her leaked 2020 interview, the youth are at the forefront of this movement, creating climate change protests throughout the world.

So this all breaks down into changing global economic behavior, cognitive awareness, and social norms. We see with the ESG scores that companies are punished for refusing to comply with the green agenda. The study states there are “incentives to reduce demand and improve efficiency,” but all we have seen are punishments. High gas costs, a loss of energy independence, banning gas and coal-powered items. Cognitive awareness is simply a way of saying brainwashing. They want the masses to believe that everything they do creates a carbon footprint that will certainly ruin the entire planet and cause a mass extinction. “They” fly on private jets throughout the week to discuss how the peasants can become a net-zero-carbon society.

Societal norms, the third noted trend, have allowed the Build Back Better crowd to determine what are considered acceptable levels of emissions. The masses want to obey, so those in power are slowly changing what is normal. Coal or wood-fired ovens? Selfish and harmful to society. Personal vehicles? You’re basically a climate war criminal!

None of the policies they wish to implement are normal. Resistance is NOT FUTILE. I, for one, will never be locked down again. I will not comply to climate lockdowns. I will not abandon my ability to move freely in society. I will not allow myself to be brainwashed to accept personal responsibility for naturally occurring cyclical weather patterns. They may have taken advantage of us during COVID, but hopefully, more people are waking up and seeing the truth – rules for thee, not for me.

Aug 2 2023

Hard Currencies – Fiat v Legal Tender


Armstrong Economics Blog/Great Reset Re-Posted Aug 2, 2023 by Martin Armstrong

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.

Jul 26 2023

The CDBD Crisis of 2025


Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 26, 2023 by Martin Armstrong

QUESTION:

1. Due to the draconian rules the US digital currency shall operate under, would you consider the coming US digital currency to be the worst form of currency—worst store of value—worst asset to hold, and if so would it be better to get entirely out of cash before the US Dollar is canceled and the digital currency introduced?
2. When the US Dollar is canceled, will the entire value of all bank and brokerage accounts be automatically converted by banks and brokerage firms to the new digital currency?
3. Do you think there will be draconian rules, such as digital ID’s, instituted to be able to access the internet in 2025 to be able to access and cash out of bank and brokerage accounts?
4. What use will it be to invest in anything post 2024 if money in brokerage and bank accounts automatically becomes digital currency subject to draconian rules with draconian rules to access or take possession of the funds in one’s bank or brokerage account?
5. In the interview you did on May 20th you mentioned “they” are talking about bank bail-in’s. Aside from bank accounts, could bail-in’s be done from people’s brokerage accounts?
6. If one does not “opt in” to the new digital currency and if every legal financial transaction from the point the US introduces the digital currency must be made via the new digital currency, how will one be able to pay their taxes and property tax and will such a person lose their house and their assets be confiscated for not paying their taxes and property tax if they choose not to take part in the digital currency, digital ID and digital health pass?
7. Do you think inheritance will come under rules so draconian that sane children would prefer to forgo their inheritance rather than opt into anything that could harm their health and limit their freedom? Or do you think “they” will just abolish inheritance altogether?
Would you recommend putting all assets and accounts in one’s children’s names now, to avoid this possible scenario as far as it can be avoided?
8. During World War 3, if the US gets nuked or if at any time in the future there is an EMP attack or a severe cyber-attack and the grid goes down for an extended period of time, what shall become of bank and brokerage accounts?
Thank You Sir

D.I.

ANSWER: Undoubtedly, this entire scheme of digital currencies will be the death of Western Civilization. The Founding Fathers prohibited Direct Taxation which was repealed during the Marxist movement toward creating the Income Tax. Once the income tax was imposed, the government then needed to know everything you did. That is why the Founding Fathers prohibited any form of direct taxation. Now even a journalist, if he fails to comply with the demands of the government, is targeted by the IRS. This allows them to go after anyone unless you are the son of a senile president who does as he is told. So yes, this will be the WORST currency in human history and it will be the final nail in the coffin of freedom.

They will most likely cancel all currencies AFTER the US 2024 election. It will need to be coordinated to prevent capital flight. Whatever is in bank accounts or brokerage accounts will be re-denominated in the new digital currency. The IMF is pushing hard to replace the dollar with its version. The likelihood of the collapse of the IMF and world institutions will probably arrive in 2031.

Big Tech will comply. They are already stripping us of our freedom of speech. This will become IMPERATIVE to oppress all freedom in hopes that they can establish this new totalitarian state which is the dream of Klaus Schwab and his band of merry thieves at the World Economic Forum. So the Internet will be highly monitored and restricted.

The point of investments post-2024 will be to hold on to tangible assets. They will make the transition from one currency to the next.

Glenn

As far as bail-in’s being applied to people’s brokerage accounts the answer is yes. That was already done by Judge Martin Glenn who presided over M.F. Global bankruptcy and created the first BAIL-IN without Congressional Authority. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers and protect Corzine from losses by taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus. He simply allowed the confiscation of client funds when in fact, the rule of law should have been that the bankers were responsible and M.F. Global’s losses, and it should have been reversed. Never should the client’s funds be taken for M.F. Global’s losses to the NY Bankers.

You will have NO “opt out” avenue. Taxes and commerce will all be digital. This is why they are pushing 5G in order to create instant transfers to enable them to replace cash transactions.

Regarding inheritance, the LEFT is also ready to push behind the curtain that upon death, everything should belong to the state. I fear this will only unleash civil war. Nevertheless, there is the crazy leftist in Australia proposing just that. It is unfair for one person to have wealth and another nothing. Concerning putting all assets and accounts in one’s children’s names now, avoiding this possible scenario as far as it can be avoided carries tremendous risk. It all depends on your country. When I bought a house 30 years ago, I simply added my children’s names. Today, you can’t do that, for it becomes taxable to them.

While we cannot rule out tactical nuclear weapons, the risk of an EMP attack will be devastating. That will wipe out the economy and take down the internet. The prospect of whatever you have in an account could simply vanish. That is one primary reason I am against the whole crypto-CBDC agenda, for in times of war, an EMP could devastate an adversary. I think this simply warns you should have some old silver coins pre-1965.

Jul 25 2023

1st Amendment is Slowly Being Taken Away


Armstrong Economics Blog/Freedom of Speech Re-Posted Jul 25, 2023 by Martin Armstrong

“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”- This is our first amendment right which was signed in 1791. According to a recent poll, it is said that 55% of Americans believe that the government should have a say in restricting false information online and then 65% of Americans believe that Tech companies should remove content on what they believe is misinformation. I am not sure why anyone would think that this is a good idea. If our sources of information are regulated (which most of it is), and everything is being portrayed how the government wants us to see it- we are provoking the constitution ourselves. Basically, this would correlate as being brainwashed. The founders would roll over in their graves. This is a revoke of  what we ask our soldiers to die for- our Constitutional Rights.

Take the discovery of Obedience to Authority as an example. This discovery was made by Stanley Milgram who did experiments to show we are influenced by mob behavior. Meaning, that people would torture one another if ordered to do so. As I have said in a previous blog- “society swings back and further between public & private confidence. People canceling anyone who has ever said anything, even 30 years ago, is the swing of the pendulum excessively to the left. The swing is based upon the “sheep” who can be herded and they will move back and forth depending upon their influence.”

With that being said, people are very easily influenced towards a higher authority. Whatever the government thinks is good, most people will follow. There are some countries who already censor the content that they allow their citizens to view/ post, a few being North Korea, Vietnam, Iran, and China. In some countries, the fear of imprisonment for “spreading misinformation”- meaning if it’s criticism against their government, they will be dealt with severely.

This poll showing that 55% of Americans believe that the government should censor media content is very questionable. We have our First Amendment right put in place for a reason which doesn’t seem to mean anything these days since Tech companies such as Tik Tok have already limited, censored, or completely will remove videos of information that THEY find harmful or violent. The very argument that Russia censors what people can say is what we ask our own soldiers to fight against, yet the majority thinks that this is ok for our government to carry out. Our soldiers put their life on the line every day to fight to protect our rights, but doesn’t it seem a bit hypocritical that some think that the government should censor things that they believe shouldn’t be out there in the world. This is a direct rebuke to our Frist Amendment.

Jul 24 2023

Federal Court Bars Biden from Banning Free Speech


Armstrong Economic Blog/Tyranny Re-Posted Jul 24, 2023 by Martin Armstrong

Judge Terry Doughty favored the people in the Missouri v. Biden case. The 5th Circuit Court of Appeals will hear the case in the near future, but the ruling stands. This is pending an appeal because the current propaganda machine refuses to be dismissed. The Ministry of Truth is completely unconstitutional. The Biden Administration believes they have the authority to remove the first amendment, asking the public to believe whatever they claim is true blindly.

It is public information that Biden used strategic propaganda ahead of the last election. Social media companies silenced any negative new about Biden and his associates, and silenced anyone from speaking out against him. The COVID narrative shows just how far the propaganda powers will go to promote a single message to people that they are legally unable to deny. Judge Doughty banned the administration from meeting with “social-media companies for the purpose of urging, encouraging, pressuring, or inducing in any manner the removal, deletion, suppression, or reduction of content containing protected free speech posted on social-media platforms.”

Yet, social media companies routinely block the conservative narrative. Look at what they have done to RFK. You can no longer question government without the risk of being deplatformed and shunned as a conspiracy theorist. YouTube, Facebook, Google search results, and entire mainstream media silence ANYONE who speaks out against the status quo. So while this may be a step in the right direction, there is a long road to go to regain our freedom to speak, and therefore our freedom to think critically instead of blindly obeying like sheep.