Category No one Will Win WW III

May 30 2023

The Real Hidden Agenda – It’s Time to take the Red Pill


Armstrong Economics Blog/Politics Re-Posted May 30, 2023 by Martin Armstrong

COMMENT: Martin,
I’m gay and I agree with you on this transgender drivel, especially letting male-born athletes compete in women’s sports. It is becoming scary for those of us who are just gay. We are being thrown in the same category as this transgender agenda. I too have been to Thailand. The Ladyboys in Thailand are numerous and are accepted in society. They are smart enough to not make a political issue of it as is taking place here in America.

As for your view of Trump as the only hope to save our politics, I profoundly disagree. I think he is arrogant and ignorant. He doesn’t care if what he says if it is true or not.

CP

REPLY: With respect to Trump, you have to separate the individual from the politics. I understand people hate Trump. The media have spread this BECAUSE he is a threat to the Washington political establishment. Nonetheless, not even Trump can stop the decline and fall of Western Civilization.

People get offended by his crude statements at times. But at least you know what he really thinks. Is it better for a career politician to say everything you want to hear and then look at you as a stupid fool and do the opposite?

I have worked in Washington. There is ABSOLUTELY nobody who is a career politician in either party who will really stand up for the people. They are under pressure all the time to conform to the unelected party bosses.

I have met many heads of state in my 40 years. I have said the truth. Trump was the ONLY such person who ever impressed me as actually being human. His statement that he wanted to bring our boys home from Afghanistan because he was tired of writing letters to their parents to thank them for their son’s sacrifice of dying for his country. He actually said what are we doing there? They are fighting over borders for a 1,000 years. What difference will we make?

No head of state EVER spoke about the people. It was always about their policy. I have come to see that we are just the pawns – expendable pawns at that. There are always more of us to come. They look down upon the people as stupid scum. This whole digital currency thing is to track everything we do.

So you may find Trump’s statement and his arrogance at times as distasteful. We will never find someone perfect. But all of this is irrelevant. For there is NOBODY coming on some white horse to save the day. Trump’s quality was that he was NOT a career politician and what he was doing was for his personal legacy from ending wars to building a wall to protect our borders.

So all I can say is to those who hate Trump so much, you better look closely at the others for they have nothing but contempt for you.


Back in the ’70s, I hired a death mute – Danny. He taught me sign language and we could communicate and laugh together. I had a major surgeon as a client and he said that he probably could restore his hearing. I offered to pay for everything for him and he declined. He was afraid to hear sounds. He grew up that way and was in his late 20s and did not want to change. He taught me that what I thought would be a generous offer was really just me thinking that normal was the ability to hear. We cannot judge others by ourselves.

One of our staff who is black, was rather upset about the whole Black Lives Matter movement. She explained that it was being usurped by non-blacks. There was clearly a strange agenda behind the curtain. Soros and his defund the police agenda was to create civil unrest and cause the country to get prepared for this one-world government.

Ruth Bader Ginsberg was the first woman to make it to the Supreme Court. She was an advocate for women’s rights. But she came out and explained that the entire Abortion Movement was a fraud. They called it women’s rights and have indoctrinated many women who passionately take that position. They have been cleverly manipulated by the Gates crowd and the Rockefeller Foundation for their real goal was to reduce the population. Gate’s father started the whole Planned Parenthood and placed them in minority areas to reduce their population on a racist basis.  Like his father, Gates has targeted Africa to reduce population.

Now, the total number of people who identify as Transgender is 1.6 million out of a population of 331.9 million (2021). That is 0.0048%. Now, how has this become such a major issue? There is absolutely NO WAY this Transgender group had the money or the clout to turn this into such a huge issue. Diving deep behind the curtain and you will find, just like abortion, it is being funded for the purpose of reducing the population – and has NOTHING to do with Pride or gay rights. They are being exploited just as women were told it was their right to have an abortion – kill that baby and save the planet.

This Transgender nonsense is in fact destroying the right of the Gay Community because they are being thrown in with this Transgender nonsense advocating changing children’s sex without parental knowledge all before puberty. Let’s get real here. This agenda is to promote the reduction in the population and has NOTHING to do with the Gay Community or their rights to inclusion and equality.

This is always the same strategy – manipulating society to achieve its undeclared goal be it war, politics, or women/transgender rights. It is like LIFE Insurance which is really DEATH insurance. They sell fire, accident, theft, and hurricane insurance. But they could not sell DEATH insurance so they called it LIFE insurance and people brag how much they have.

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Remember the lockdowns? The whole COVID nonsense was a scam to end commuting and terminate offices bringing in virtual work from home all to reduce gas consumption. That was also a manipulation of society for climate change – not for health. There are people still to this day wearing masks driving alone in a car. They have been mentally damaged by these tactics.

NOTHING is ever what it seems. We are the fools and they are always using sophisticated tactics to manipulate society to achieve objectives that they will never reveal.

It’s just time to take the Red Pill and wake up if you EVER hope to survive as a viable human being or take the Blue Pill and live in your fantasy that government actually cares about you.

May 28 2023

NO REFORM without the crash and burn


Armstrong Economics Blog/Politics Re-Posted May 27, 2023 by Martin Armstrong

QUESTION: So you do not think anyone running for office in 2024 will succeed in making any difference?

HC

ANSWER: No. We have crossed the Rubicon on that score. Trump would at least fight hard against them, but our computer does not show that there is anyone coming in on a white horse to save the day. We simply have to crash and burn and then we get to redesign a new form of government. You get NO REFORM without the crash and burn.

Just look at the debt ceiling nonsense. All this is about is reducing the amount of deficit spending. It is IMPOSSIBLE to run a balanced budget or return to some gold standard. You would have to extinguish politics as we know it. There can be no running for office and promising all sorts of free stuff and the NEOCONS could wage their endless wars that never win. Politicians would not know how to even campaign. Anyone who believes the 2020 election was NOT rigged, is just a fool.

Getting rid of Trump was not a Democrat v Republican conspiracy theory, it was a strategic movement to seize control of the state. Why would they even push Biden to run again when his polls have collapsed to 30%? You will see, he will win and the entire world will see how corrupt it has all become. We are living in a Deep State coup of unelected bureaucrats ruling what your life will be. Digital currencies will control every aspect of how you spend. You will not even be allowed to donate to any reform party. Look at Trudeau and the Trucks.

May 20 2023

Romania & Moldavia


Armstrong Economics Blog/Foreign Exchange Re-Posted May 19, 2023 by Martin Armstrong

QUESTION: Can you add Romania and Moldavia currencies to Socrates? I greatly appreciate your response to Gold.

HR

ANSWER: Yes, we will add them. I hope I translated your question correctly. If there are other currencies people want to add, drop a request.

May 5 2023

How Corrupt Is Our Current Situation? It’s Worse Than Most Can Fathom…


Posted originally on the CTH on May 4, 2023 | Sundance 

The football spiking by AG Merrick Garland today deserves some context, and I am going to take you through a story that will highlight just how bad the situation really is.

Everything that preceded the 2020 federal election was a complex system of control by a network of ideologues, federal agencies, allies in the private sector, financial stakeholders and corrupt interests all working toward a common goal.  There’s no need to go through the background of how the election was manipulated and how the government and private sector, specifically social media, worked to influence the 2020 outcome because you have all seen it.

Whether it was local election officials working to control outcomes, federal agencies working to support them (CISA, FBI, DHS), financial interests working to fund them (Zuckerberg et al), or social media platforms controlling the visible content and discussion (Twitter Files, Google, Facebook etc.), the objective was all the same.  It was a massive one-sided operation against the freewill of the American voter.

In the aftermath of the 2020 election, those same system operators, govt officials, corporate media, private sector groups and social media platforms then circled the wagons to scatter the evidence of their conduct.  If you questioned anything you were a threat.  That’s the context to the dynamic that unfolded.

Lawfare operatives joined forces with Democrat staffers, and allies in social media platforms all worked in concert to target the voices of anyone who would rise in opposition to the corruption that was stunningly clear in the outcome of the election process.  Corporate media then labeled, isolated, ridiculed and marginalized anyone who dared to point out the obvious.

When AG Merrick Garland says this of January 6, 2021: […] “the Justice Department has conducted one of the largest, most complex, and most resource-intensive investigations in our history. We have worked to analyze massive amounts of physical and digital data. We have recovered devices, decrypted electronic messages, triangulated phones, and pored through tens of thousands of hours of video. We have also benefited from tens of thousands of tips we received from the public. Following these digital and physical footprints, we were able to identify hundreds of people.” {link} The targeting operation needs context.

Do you remember on April 27th when DOJ Inspector General Michael Horowitz recently said, “more than 3.4 million search queries into the NSA database took place between Dec. 1st, 2020 and Nov. 30th, 2021, by government officials and/or contractors working on behalf of the federal government.”  The result was “more than 1 million searches of private documents and communication of Americans that were illegal and non-compliant,” and over “10,000 federal employees have access to that database.” {OIG Testimony}.

Put the statement from Garland together with the statement from Horowitz, and you get an understanding of what was done.

Hundreds of stakeholders in the Lawfare network joined forces with hundreds of people who became staff researchers for a weaponized Congress.  Hundreds more social media background agents then poured thousands of hours into feeding private information to the DOJ, FBI, J6 Committee and all of their hired staff working on the project.

How do I know?

I was one of their targets.

Before telling the rest of the story, some background is needed.

I am well versed in the ways of the administrative state and the corrupt systems, institutions and silos that make up our weaponized government. I can (a) see them; (b) predict their activity; and (c) know where their traps and operations are located.

Traveling the deep investigative weeds of the administrative state eventually gives you a set of skills.  When people ask how the outlines on this website can seem so far ahead of the sunlight that eventually falls upon the outlined corruption, this is essentially why.  When you take these skills on the road, you learn to be a free-range scout, and after a long while you learn how to track the activity.

When I was outlining how the Fourth Branch of Government works and/or Jack’s Magic Coffee Shop and the DHS system operating inside it, I wasn’t shooting from the hip. However, people will always seek to dismiss the uncomfortable truth.

Sometimes you just have to wait for the evidence you know exists to surface, or for a situation to unfold that is driven by a self-fulfilling prophecy. The bizarre CTH predictions turn out to be the truth of the issue because they are based on the factual evidence of the issue.

That level of how the system works came in very handy when I received this subpoena from Chairman Bennie Thompson and the J6 Committee.  Warning, things are about to get very uncomfortable if you don’t accept the scale of corruption that exists.

Pay attention to the red box on the page shown. This is essentially the probable cause that justifies the subpoena itself.  I have redacted a name in the box for reasons you will see that follow.

I was never in Washington DC on January 6, 2021, nor did I work with or communicate with anyone who was involved in any of the activities that are subject to the J6 committee investigative authority.

I’m going to skip a lot of background noise, irrelevant legal stuff, jurisdictional issues, discoveries from discussions with lawyers and the experience gained in association with this ridiculous subpoena.  I am going to focus on the biggest story within it.

Sticking to the information in the Red Box above, notice how the J6 committee has evidence, “public-source information and documents on file”, showing my participation, communication, and contact with people and technology that are material interests to the committee.

Here’s the kicker…. I had no clue what the hell they were talking about.  There’s not a single aspect of their outline that I had any knowledge or connection of.

I had no idea what Zello was. I had no idea who 1% watchdog might be. I had never heard of “Stop the Steal J6” or associated “channel.”  I had never heard of the person redacted, and I had never communicated with any Oath Keeper, any communication system, or platform, or anyone or anything – nothing – that is outlined in that subpoena.

Those points of evidence outlined in the subpoena had no connection to me at all.

The subpoena might as well have been asking me to appear in Michigan because my Red Ferrari was involved in a hit and run accident, during my trip to Detroit.  I don’t own a Ferrari; I have never been to Michigan; I certainly never had an accident; I wasn’t on a trip and have never visited Detroit.  The entire construct of their probable cause for the subpoena was silly. Complete and utter nonsense.

That said, how could there be “public records” and “documentary” evidence of something that never happened?

At first, I thought this was some silly case of mistaken identity and they just sent a subpoena to the wrong person.  However, the investigators were adamant the evidence existed, and the need for testimony was required.

After taking advice from several smart people, and after discovering the costs associated with just the reply to the committee and/or representation therein; suddenly I realized there might be more value for me in this subpoena than the committee.  After all, how can there be public-records and documents that I own a red Ferrari and went to Michigan when I don’t and never did.

After several back and forths I discovered, through their admissions of their own research, and through documents they extracted as an outcome of their tasks to prove the merit of their claims, that someone *inside* Twitter had created a fictitious identity of me associated with the networks and communications as the investigators described them.

Think about what was discovered here.

Someone inside the Twitter platform, an employee of Twitter, had made a decision to target me. As a result: (a) they had been doing this for a long time with a specific goal in mind; and (b) they created an elaborate trail of background activity and identity that was entirely fabricated.

Eventually, my assigned investigative unit admitted this.

Once, the federal investigators realized what took place they wanted to get rid of me -and my snark filled curiosity- with great urgency.

They also had an ‘oh shit’ moment, when they contemplated everything, including what they had revealed to me from the outset of my contact, now several months prior.

What I discovered in this experience was that DHS, and by extension DOJ/FBI and the January 6 investigators, had direct administrative level backdoors into all social media platforms.

Overlay the Twitter files now, and then expand your thinking….

In their quest to prove that I owned a Red Ferrari, traveled to Michigan and had a hit-and-run accident, these investigators outlined to me how the United States Government, through their DHS authority, has employees, agents and contractors with open portals into all social media platforms.

Yes, the federal government is inside the mechanics of the systems (Twitter, Facebook, Meta, Instagram, Google, YouTube, WhatsApp, Zello, etc) and they have administrative access in real time to monitor, review, extract and evaluate everything, soup-to-nuts.

It was only because the investigators and forensic data knuckleheads have these portals, that they were able to locate the source of the fabricated evidence they were originally attributing to me.  This was an investigative process and research discovery being conducted in the data processing systems of Twitter in real time as they questioned me.

Once they realized what had taken place, and as soon as I started asking how they were making these admissions (now carrying an apologetic certainty), suddenly the investigators wanted no further contact or communication with me.  You’re good, whoopsie daisy, our bad, sorry.

Now, take some time to fully digest and absorb what I have just shared.

The U.S. government is worried about TikTok, because U.S. citizen data might be extracted?

Meanwhile, the U.S. government, at a fully unrestricted administrative level, is inside Twitter, Facebook, Meta, Insta, YouTube etc., running amok and extracting anything – including private messages… and they’re somehow worried about protecting us from TikTok data collection.  Think about it.

Provide your thoughts in the comments and I will try to fill in any blanks or questions you might carry.  In the interim, live your best life.

Ears of an elephant, eyes of a mouse.

Apr 25 2023

Thoughts on Tucker Carlson’s Firing


Posted originally on the CTH on April 24, 2023 | Sundance 

This is a context you won’t find elsewhere {smiles}. The phone has been blowing up….  Context and some details matter.

First, Carlson was being paid about $20 million a year by Murdoch.  He had about 3 years left on his contract and will be paid the full contract amount.  Carlson found out about 10 minutes before Fox Corp made the announcement.  They did not “part ways,” Tucker Carlson was fired.

(Via WSJ) – Mr. Carlson, whose contract was renewed in 2021, will be paid out for the rest of his contract, people familiar with the matter said. Mr. Carlson is paid about $20 million a year, one of the people said. Mr. Carlson found out he was being let go about 10 minutes before the network announced his departure, the people said. (link)

For financial context, remember Rupert Murdoch paid Megyn Kelly $15 million (Via Harper Collins) for the 2015/2016 operation against Donald Trump.  Paying $60 to $100 million to get rid of Carlson’s antagonistic voice is small money to Murdoch Inc. in the grand scheme of things. [Murdoch has also paid for Ron DeSantis to oppose Trump]

Carlson will not be asked to sign an NDA, is not bound by a “non-compete” clause following the contract nullification by Fox Corp, and will be free to do anything he wants in any venture.  Additionally, he will be free to say whatever he wants about the issues at Fox and speak freely, or not, without any legal or contractual constraints.  Keep all of that in mind.

Prior to 2021, Tucker Carlson was what you might call a Fox News loyalist.  He was very loyal to the organization.  During the COVID-19 era, Tucker Carlson moved his physical location away from Washington DC to his home in Maine.  Fox built him a studio, and Carlson manifest his own destiny free from most production constraints.

Over the past 18+/- months, viewers have watched Tucker Carlson essentially red pill himself each evening.  As he enjoyed the proximity freedom far away from the Eye of Sauron (DC’s control mechanism), Carlson’s eyes opened further to the reality of the situation that blankets our national consciousness.

Disconnected from the machine, free-range in his abilities, and with the intellectual curiosity of the average person, Tucker Carlson started to see the U.S. system as it is, not as media pretend it to be.  This is the increasing red pill absorption you have noted daily.  Along with that came a more pragmatic and brutally honest production quality to the content he shared.

Carlson’s influence grew as the audience grew; the more truth he spoke, the larger the audience.  That free-range influence became a liability to the system operators that hold power, including Rupert Murdoch who is a part of that control system.  In essence, and in the big picture, that’s what led to this event today.

Timing and Fox Digital.  Fox had just settled a lawsuit with Dominion Systems that has been widely reported.  The decision to fire Carlson had only one aspect connected to the Dominion settlement, financial timing.

Fox Corp is going to take a big hit in second quarter (Q2) earnings as part of the Dominion settlement.  If you are going to take a big financial hit, it’s better to go ahead and clear the decks of all financial hits at the same time.

Paying out Carlson simply gets all the big hits in the same quarter.

Digital is where the action is.  Digital subscriber services is where the future of all content is focused.   Understanding this reality gives you a scale of the darkness in the opposition elements facing our nation.  Fox News digital is Fox Nation.  Tucker Carlson and the show Tucker Carlson Today was the anchor of Fox Nation digital.

Fox Nation was struggling prior to Tucker Carlson’s long show broadcasts.  The entire Fox Corp digital streaming service, Fox Nation, was anchored around the Tucker Carlson Today digital streaming service.   Fox News has just torpedoed their anchor, shot their lead dog, destroyed the digital brand.  That gives you some scale and scope to how the elements viewed the threat of influence that Tucker Carlson had become.

Fox Corp, and Murdoch’s stenographers at the Wall Street Journal (SEE HERE), will try to frame the Carlson firing as something of a palate cleansing.  Claims of adversarial viewpoints, controversial views and conflicts with other Fox loyalists on the inside, will be used to frame the narrative.   However, all of those false frameworks are just that, false.  The source of the issue that led to the firing was 100% ideological.

During Tucker’s red pill absorption phase, he changed views on a variety of subjects from the FBI to the Fourth Branch of Government, to vaccination and COVID-19, to his views on Donald Trump as a disruption to an increasingly admitted corrupt political machine.

Context in the Tucker worldview expanded and he began to frame the conflict in a big picture of Good -vs- Evil.  Unfortunately for Carlson, this view was from inside a multinational corporate system spreading the darkness.   He had to be removed.

This is the reality of the situation as it unfolded.   Accept it or not, it matters not.  This is the Carlson reality.

Carlson was connecting the dots of manipulation beyond media, beyond social battles and constructs, and into the realm of finance, economics and ultimately behind the Potemkin Village of UniParty politics.  Blackrock has an increased stake in Fox Corp.

Talking about what happens behind the false front of the DC village is always a threat.   It is in the research and acceptance of the darkest pretending constructs that you realize how the illusions of choice are presented.

Tucker Carlson was no longer selling the illusions.

There are trillions at stake.

He was removed.

Tucker is free.

Welcome to the rebellion my friend!

Apr 25 2023

Only One Question Remains as Susan Rice, Biden’s Shadow President, Leaves the White House


Posted originally on the CTH on April 24, 2023 | Sundance 

In the game of test-match cricket, a game that can last three days at peak professional level, you have to ‘get out‘ to ‘get in‘.   You have to ‘get out‘ of the clubhouse in order to ‘get in‘ to the game.  The same is true for this story about Domestic Policy Advisor, Susan Rice, leaving the Biden administration.   Rice has to get out of the administration in order to get in to the 2024 game.

Readers here will likely remember all previous discussion about the likely Democrat field for 2024.  Susan Rice and Gavin Newsom are both key players in the DNC big club game.  There is only one question at the core of the dynamic you need to ask, how will they off-ramp Joe Biden?

First, the White House announcement: […] “As the only person to serve as both National Security Advisor and Domestic Policy Advisor, Susan’s record of public service makes history. But what sets her apart as a leader and colleague is the seriousness with which she takes her role and the urgency and tenacity she brings, her bias towards action and results, and the integrity, humility and humor with which she does this work. I thank Susan for her service, her counsel and her friendship. I will miss her.” (link)

Susan Rice is the pliable foot soldier, the protege’ of the Lightbringer, Chicago Jesus.  Rice is the female version of the entire apparatus of the Obama team.  Susan Rice is Barack Obama in female form, and as Ric Grenell said eloquently, Susan Rice is “the shadow president.”

A Newsom/Rice or Rice/Newsom ticket is a no brainer.  Both are foot soldiers for the Lightbringer movement’s fundamental change agenda, although Rice is the apex player and Newsom is the ideological, intellectual and cognitive equivalent of John Fetterman with better style.  Most people still do not understand that Barack Obama is not just a person, he is a complete political construct -a movement in a box- consisting of multiple component groups all working in synergy.

The focus of the Obama movement is domestic and ideological.  The “fundamental change“, as outlined previously by the front man for the group, is domestic – exclusively domestic.  The Lightbringer doesn’t care about foreign policy stuff; all of that angle is sold to the multinationals and highest bidders.

Foreign policy is not a thing for Teh One true bringer of enlightenment; their focus is USA domestically centered. In her capacity as Domestic Policy Advisor, Susan Rice was the guiding hand behind every element of Biden domestic policy.

The microphone from the Obama basement does not transmit into the earpiece of Biden; it communicates into the two-way radio of Rice.

If Susan Rice is departing, the question becomes how the club removes Biden from the 2024 race?  There are a multitude of approaches and leverages available for the Lightbringer’s team, which includes Deputy AG Lisa Monaco at Main Justice.

The criminal activity of Hunter Biden, and the potential for outcomes – or lack therein, can be leveraged.  The direct connection to the action of the principal, “the big guy” Joe Biden, could be leveraged.

The Biden administration’s interference in any number of related investigations can be leveraged, and… keep in mind…. it is not coincidental the evidence of the interference is manifest by the same team that would remove the principal.  Yeah, think about that for a moment.

Put aside the 2024 contest participants for a moment (ie. the shiny things), and instead focus on what peripheral risks exist to Joe Biden that could be deployed at any moment to push him to a graceful off ramp.

There are many club-installed insurance policies, political landmines all around Joe Biden.  Which one will they show him?

Apr 25 2023

“They” Explained


Armstrong Economics Blog/Basic Concepts Re-Posted Apr 25, 2023 by Martin Armstrong

People often ask who I am referencing when I refer to “they.” THEY are the leaders of the pack; the neocons. They are the people who create endless wars and use the people as their toy soldiers for war games—we are the toys.

None of these wars affected our way of life and we had no need to be involved in Ukraine, Vietnam, Afghanistan, you name it. But they will create false flags to bring us into wars. It may be a conspiracy but it is not a theory. They conspire to create these wars and use fake news. There were the weapons of mass destruction in Iraq that never existed. The sinking of the Lusitania that propelled us into World War I was intentional. Former President Johnson admitted that Vietnam never attacked us, and leading neocon Robert McNamara admitted before his death that America was wrong for condemning Communist nations. But he died with the guilt of sacrificing 58,000 American lives on the neocon altar of war.

The neocons have a theory that a regime change will save the day. They demonize the head of state and convince themselves that people will cheer once that individual man is overthrown. Saddam, Gaddafi, the list goes on. They think they can overthrow these leaders and simply install a democracy. The problem is that we do not have a democracy; we have a republic. We cannot vote on whether we go to war or if we want to die for the neocons.

They are the aggressors and the ones who created the current conflict. They are on both sides of the political aisle and are installed in positions of power throughout the world. They create division internally to promote civil unrest so that they can elect the person of their choice who will claim to solve the problems they created. They want to create digital currencies to control everything we do while plundering what they allow us to have. They are pushing society as a whole to a breaking point, and unfortunately, their next war game will not end well.

Apr 24 2023

The Great De-Dollarization


Armstrong Economics Blog/USD $ Re-Posted Apr 23, 2023 by Martin Armstrong

All we hear is the same claims that the dollar is dead and it will be totally worthless any day now. Over the last few weeks, all we hear from the majority now is that the dollar is finished. Virtually every page you turn or site you visit claims the death of the dollar. They are calling this the de-dollarization of the world economy and that the future of the US dollar as well as the American empire itself is now collapsing. The general claim is that the group of economically-aligned nations known collectively as BRICS is a major threat to the greenback. That was the same story we heard about the Euro back in 1997.

As their scenario goes, the BRICS [Brazil, Russia, India, China, and South Africa] have moved to form an anti-dollar colation and Saudi Arabia is considering jumping on board. They insist that once that happens, the “petrodollar” will die and cease to be a reserve currency.

This is then followed by the forecast that the economy will suffer and that any bounce in exports will be short-lived simply because the dollar will be dead for the long term. Of course, this has been the favorite forecast that they keep putting out since Bretton Woods collapsed. They were wrong back then for the dollar rose between 1972 and 1976 against the British pound, with the collapse of Bretton Woods. To try to explain why the dollar did not collapse, that is when they claimed that the dollar was backed now by oil rather than gold. That was just an excuse as always to cover up their wrong forecast.

They sold that story to Newsweek and now the dollar rally was because of oil which replace gold. Suddenly the dollar became de facto backed by oil. They needed an explanation to explain why all the old theories were wrong. They sold this theory and it made the front cover of Newsweek. Everyone said YES! That must be the reason. OPEC priced oil in dollars! Naturally, everything was priced in dollars because, under the fixed exchange rate of Bretton Woods, everything from wheat and corn to copper and gold was all priced in dollars.

Now they are saying the American empire is threatened by the potential commercial real estate collapse and the BRICS anti-dollar venture. So they are forecasting a great depression-style crash is possible in the not-too-distant future. They spin this to forecast the end of the America Empire. The London FT, always anti-American/Pro WEF, reports that the dollar as a reserve currency has declined from  73% in 2001 to around 55% by 2021. Yet the FT did state an obvious fact:

“But if you are a reserve-rich central bank elsewhere that isn’t going to be a lot of comfort. Moreover, would you really feel more comfortable in, say, the renminbi? Even if it was fully convertible and liquid, would you honestly feel more sure that Beijing will behave lawfully than DC? The dollar still looks like the proverbial least dirty shirt in the closet.”

COVID actually has played a major role in shifting the world economy. In 2020, the US economy was 24.75% of the world’s GDP. By the start of 2022, it had fallen marginally to 24.15%. What these dollar-forecasting jockeys do not understand, is that if they were correct and the dollar collapsed, then the very BRICS would collapse even further. Economically speaking, when the United States gets a head cold, the rest of the world catches ammonia. You can’t have it both ways. The strength of the dollar is not gold or oil, it is the American consumer.

The risk to the entire world is runaway inflation thanks to Biden pouring untold amounts of money into the black hole known as Ukraine. The Neocons, who control Biden, are planning to launch a war against Russia and China before 2024. This will only continue to accelerate inflation. That reduces the spending power of the American consumer and in the process, the US economic growth declines in real terms and with it, the rest of the world plunges into recession.

While Macron has figured it out that the Neocons are in charge of US foreign policy and he is telling Europe to stop being the puppet of the USA, that all sounds nice but Europe is marching into war with Russia. NATO is firmly in control of the American Neocons and they need war or face losing power. With Trump in the lead, they must stop him at all costs for he is anti-war, would haul the Neocons out by the necks, and defund NATO, as well as stop the climate change agenda.

The US dollar in the global economy has been supported by the size and strength of the US consumer-based economy. Its stability and openness to trade and capital flows without restrictions and it has never been canceled, are the major foundation of the dollar in addition to strong property rights and the rule of law. That is why Russians and Chinese buy US property for they are secure in their ownership of US property which cannot always be guaranteed outside the US.

Consequently, the depth and liquidity of US financial markets remain unmatched. For institutions parking billions, the United States represents a large supply of extremely safe dollar-denominated assets. Are they really going to switch to China or buy debt from Brazil?  Not a single institutional client will take that bait.

China has been divesting of dollar reserves because it KNOWS that the American Neocons want war. You do not fund your adversary who intends to wage war against you. China cannot shift reserve assets to Europe or Japan. They have been buying gold because it is geopolitically neutral territory. They are NOT buying gold as an investor thinking it will rally. That is irrelevant. If gold drops 25%, that does not translate into them becoming a seller.

The dollar in international reserves stood at 60+% at the start of 2022 against the US share of GDP at 24.25%. This comparison belittles the argument that the dollar is finished. Eventually, the US will lose the wars it is starting and the dollar will be replaced perhaps as soon as 2028. The IMF is already licking its lips and rubbing its hands together eager to get control of the reserve currency. But they too will collapse. We have a Directional Change next year and a Panic Cycle in 2025. So buckle up.!

Remember one thing, even with the debasement and collapse of the Roman Denarius between 260AD and 268AD, it still took 224 years for Rome to completely collapse. When war breaks out, capital flight will still be to the dollar. It will not be to public assets, but private. The United States is still supporting the entire world economy. The BRICS need the US consumer to keep their economies functioning. All this talk of the dollar being finished is really nonsense. That day will come, but when the US consumer no longer buys.

Remember 1997? The Euro was going to dethrone the dollar. They claimed the new EU will be a bigger economy than the US. The problem was, they lacked a consumer economy, and low taxes, and they routinely canceled their currency to force people to pay taxes. It is always the same story over and over again.

Apr 23 2023

The Contagion of War


Armstrong Economics Blog/Civil Unrest Re-Posted Apr 23, 2023 by Martin Armstrong

QUESTION: You have suggested that we will end up at war with China, Russia, North Korea, and even Iran simultaneously. How does Socrates conclude such an event that perhaps never happened in the past?

ER

ANSWER: Your assumption that such a thing has never happened is not correct. Periods of war of this nature unfold like a contagion of the flu. The English Civil War (1642-1652) which ended with the beheading of the King in 1649 was instigated using religion as the rallying cry.

In France, there was also an uprising that dramatically interrupted monarchy in 1648 by the uprising of a series of challenges to the absolutism of the King that came to be known collectively as the Fronde.  The Fronde (1648-1653) plunged France into civil disorder.  The king was even driven from his capital as several provinces revolted. This was a revolution demanding a right to participate in government. When the Fronde ended, the king was restored to absolute royal authority.

Of course, the Fronde may not have changed the French system of government, but it set the stage for the final French Revolution. Nevertheless, the American Revolution then spread with that spirit to overthrow monarchy becoming the France Revolution in 1789.

Throughout history, if we correlate the civil uprisings and forget about the claimed cause, we will see an amazing correlation. Throughout Europe, there was the communist revolution that spread to all the countries in 1848. When you allow the computer to correlate the world, what pops up is that the same Communist Revolution spread to Spanish Latin America, with Revolutions that appeared in New Granada that led to the fall of the government there.

Looking closer, you will see in Brazil there was the Praieira Revolt between 1848-1852. You also see the Mexican-American War, which was also in part inspired by the Battle of the Alamo (February 23 – March 6, 1836).

If we look closely, we will see that 1848 was a”world revolution” for revolutions broke out almost simultaneously in fifty countries from Europe down to Brazil. This era created resentments that lingered beyond domestic revolution and international war just as the reparation payments demanded by the French following WWI led to the rise of Hitler and WWII. The Revolutions of 1848 set the stage for the period that continued into 1880, marking a bloody century with 177 different conflicts.

Even the American Civil War ended slavery and became a contagion that spread to Russia and inspired the 1861 termination of serfdom in Russia.

Socrates has correlated everything. I am sad to report that we are looking at a global uprising. This time, it will be our pretend democracies that are no different than authoritarian monarchies that meet their demise post-2032.