Honest journalism has become a crime. I have appeared numerous times on Maria Zaric’s program, Zeee Media. Maria is a professional journalist who asks thought-provoking questions to the experts that appear on her show. Her content goes against the grain and traditional narrative. The Australian-based journalist has been questioning COVID, the Great Reset, governments, globalists, the war in Ukraine, and many other topics that are completely taboo in the mainstream media. They attempted to shut down her channel in the past. Now, she has been de-banked with no explanation.
“Do you shut down peoples accounts due to their political views by any chance?” Maria asked the bank representative, only to be met with silence. Maria had been banking with ING Bank for numerous years without issues. Her account was suddenly shut down shortly after releasing a story on domestic terrorism in Australia. ING Bank has been unable to explain why her account was canceled.
Interestingly, ING is a partner of the World Economic Forum. Maria has extensively covered the WEF’s agenda to “enslave humanity.” Is Australia secretly keeping track of journalists’ “social credit scores” to silence skepticism?
The idea of eliminating someone’s ability to bank is essentially eliminating them from society. We saw Canadado the same thing to those protesting the Trucker Convoy. Trudeau took things a step further by also de-banking people who simply donated to the cause. The Canadian government used the premise of money laundering as a way to coerce the banks into reporting any activity that could have been intended to help the protestors. I know of numerous people who were frantically attempting to remove their funds from the bank during this time.
As if the public needed more reasons to lose trust in the banking system. This is not limited to one bank or country. I discussed how banks have the ability to “cancel” someone after JPMorgan Chase de-banked the rapper Kanye West for antisemitic remarks. The bank acts as the jury and judge. Epstein was permitted to hold funds at JPMorgan Chase despite an ongoing pedophile ring trial. Bernie Madoff banked with JPMorgan Chase. The bank has secret ties to the Third Reich and helped the group funnel money through South America during World War II. Again, the bank acts as the jury and judge; anyone can be de-banked anytime for any reason.
Most countries may not openly have social credit scores, but they’re keeping tabs on us. They are keenly aware that resistance to this New World Order is building. So they are now using professional journalists as examples hoping that people will stop asking questions to learn the truth. That is one of the reasons why this blog is free of charge – you deserve to know the truth.
QUESTION: Marty there are a lot of people who seem to be trying to create a panic. Some are claiming the stock market will plunge by 50%. Others are saying nothing will survive other than gold. It seems like none of these people have any sense of what is really unfolding. They were saying the same thing for different reasons before the banking crisis. Can you offer any historical perspective?
Thank you. You seem to be the only real source these days.
Pete
ANSWER: The Bank Holiday took place the first week of March 1933. It began with governors closing down the banks in their states. Once one began, like COVID rules, they quickly jumped on the bandwagon. As reported by March 4th, 1933, some 41 states had already declared a banking holiday. Back then, the president took office in March – not January. Thus, Roosevelt was sworn in on March 4th, 1933. As the new president, FDR delivered what is arguably his best-known speech.
“So, first of all, let me assert my firm belief that the only thing we have to fear is…fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and of vigor has met with that understanding and support of the people themselves which is essential to victory. And I am convinced that you will again give that support to leadership in these critical days.”
The following day, Roosevelt declared a national banking holiday on March 5th, 1933. Then Congress responded by passing the Emergency Banking Actof 1933 on March 9th, 1933. This action was combined with the Federal Reserve’s commitment to supply unlimited amounts of currency to reopened banks. Back then, they effectively created a de facto 100% deposit insurance and this was before the FDIC was created.
However, what the history books have omitted because it revealed the real reason for the major banking crisis, was the confiscation of gold precisely as Germany did in December 1922 seizing 10% of all assets which unleashed hyperinflation in 1923.
In Herbert Hoover’s memoirs (1951), he documents the fact that Franklin D. Roosevelt (FDR) played a very dirty game of politics. There were rumors that FDR would confiscate gold in 1932 BEFORE the election. These rumors spread and people ran to banks to withdraw their funds. The night before the election in 1932, FDR denied that he would do such a thing. After FDR won the election, the real bank panic began. FDR would not take office until March 1933.
The run on banks began as the Great Depression started. In 1929 alone, 659 banks closed their doors due to mismanagement and speculation. Ironically, to save money on paper, it was also in 1929 when the currency was reduced in size to save money. This time, they want to move to digital and save 100% on printing money. Here in 2023, the failures are due to the WOKE agenda which has deprived the banks of risk management rather than speculation.
However, as the 1931 Sovereign Debt Crisis hit, the number of bank failures skyrocketed. Goldman Sacks and others were selling foreign bonds to Americans in small denominations., As Europe began to default, US banks holding foreign debt and individuals in need of cash led to a banking panic for external reasons. Here is a chart showing the listing of bonds on the NYSE. We can easily see the collapse in the bond market thanks to the 1931 Sovereign Debt Crisis.
By 1932, an additional 5,102 banks went out of business. Families lost their life savings overnight. Thirty-eight states had adopted restrictions on withdrawals in an effort to forestall the panic. By March 4th, 41 states had declared a bank holiday shutting down banks. Bank failures increased in 1933, and Franklin Roosevelt deemed remedying these failing financial institutions his first priority after being inaugurated.
However, it was actually the election of FDR that started the banking crisis post-1931. Hoover pleaded with FDR to please come out and address the gold confiscation rumors. People had been hoarding their gold coins fearing the rumored confiscation. Despite Hoover’s plea for FDR to come out and deny the rumors after the election, he remained silent. Given FDR’s manipulation of Japan and the attack on Pearl Harbor which he appeared to instigate with sanctions confiscating Japanese assets in the USA, denying the sale of any energy to Japan, and then threatening to use the fleet to block them from buying fuel from anywhere else, They Japanese attacked Pearl Harbor. There were Senate investigations afterward about FDR’s role because the US had already broken the Japanese code and knew in advance about the attack on Pearl Harbor. He did that to force the US into World War II.
It was in his character to remain silent and create the worst banking crisis in history before he was sworn in as president. FDR was a radical socialist and many viewed that he admired Lenin. If it were not for Mr. Jones exposing the truth behind Stalin, even the corrupt New York Times journalist promoting Stalinism was meeting with FDR. The run on the banks became massive when FDR won the election on November 8th, 1932. FDR allowed the banking system to implode with people rushing to withdraw the money in gold coins.
At 1:00 a.m. on Monday, March 6th, 1933, President Roosevelt issued Proclamation 2039 ordering the suspension of all banking transactions, effective immediately. Roosevelt had taken the oath of office only thirty-six hours earlier.
The terms of the presidential proclamation specified:
[N]o such banking institution or branch shall pay out, export, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever, of any gold or silver coin or bullion or currency or take any other action which might facilitate the hoarding thereof; nor shall any such banking institution or branch pay out deposits, make loans or discounts, deal in foreign exchange, transfer credits from the United States to any place abroad, or transact any other banking business whatsoever.
For an entire week, Americans would not have access to banks or banking services. They could not withdraw or transfer their money, nor could they make deposits. The entire economy ran simply on cash in your pocket.
While the first phase of the banking crisis unfolded after 1929 due to speculation losses (hence Glass–Steagall Act), then the second phase was the 1931 Sovereign Debt Crisis, it was the third phase with the election of FDR that led to thousands of banks failing as there was a mad rush to withdraw your gold coin. But a new round of problems that began in early 1933 placed a severe strain on New York banks, many of which held balances for banks in other parts of the country. About 4,000 banks failed during this period alone bringing the total to over 9,000.
Much to everyone’s relief, when the institutions that could reopen for business on March 13th, 1933 saw depositors standing in line to return their stashed cash to neighborhood banks. Within two weeks, Americans had redeposited more than half of the currency that they had withdrawn post-FDR’s election on November 8th, 1932. This would prove to be a sneaky trick of FDR to get people to redeposit all the gold coins they had withdrawn – as we are about to explore.
The stock market was also ordered closed when FDR came to power. With the cleverness of a real con artist operating a Ponzi Scheme to gain the confidence of the people, FDR needed the gold coin to be deposited for Phase 4 of the banking crisis. On March 15th, 1933, (The Ides of March), the stock market was allowed to reopen. On the first day of trading, the New York Stock Exchange recorded the largest one-day percentage price increase ever.
The week before the closure, the Dow Jones Industrials fell to 49.68. The week following the closure, the Dow rallied to 64.56 – a percentage gain of virtually 30% over the banking holiday. The shorts who were better on the collapse of the market once it reopened were devastated. It was a major short-covering rally.
With the benefit of hindsight, the nationwide Bank Holiday and the Emergency Banking Act of March 1933, ended the bank runs that had plagued the Great Depression, but it also set the stage for the confiscation of gold. What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions in 1933 were not directed simply at gold. He was embarking on what he called the New Deal, which was a Marxist Agenda that was very popular at the time. His New Deal would end austerity, whereby they were maintaining a balanced budget in the belief that they needed to inspire confidence in the currency.
It was this balanced budget philosophy that also inspired John Maynard Keynes who argued that in times of economic distress when the demand has collapsed, that is when the state needs to run a deficit and increase the money supply. There was a simultaneous international flight of capital from Europe to the United States in the face of European sovereign debt defaults. That capital flight lasted for nearly two years until FDR won the election in 1932. There was much concern that Roosevelt would do what Germany did in 1922 in confiscating assets. That was the rumor about the possible confiscation of gold.
Milton Friedman criticized the Fed because the capital flows poured into the US but they refused to monetize it. We can see that as Europe defaulted on its debts in 1931, the capital rushed head-first into the dollar. Then we see that the dollar peaked in November 1932 with the election of FDR fearing that would weaken the dollar and exploit the economy. All this gold came to the USA pushing the dollar higher, but the Fed refused to monetize it, was Milton’s criticism. The backing of gold behind the dollar doubled in supply between 1929 and 1931.
So, you must separate gold and the devaluation of the dollar to comprehend what the issue was all about. FDR could have simply abandoned the gold standard, as did Britain, and not confiscated gold. However, that would have also been sufficient to end austerity. But the bankers would have profited and sold the gold overseas at higher prices. Roosevelt in his confiscation of gold was intended to deprive the private sector of profiting from his devaluation of the dollar which was rising the price of gold from $20 to $35. You must keep in mind that he even degraded Pierre du Pont (1870-1954) and called him the “Merchant of Death” because he produced arms for World War I and made a profit off of that war demand. Many saw Roosevelt as a traitor to his own class.
The confiscation of the gold was for two reasons. First, FDR was changing the monetary system from one where there was no distinction domestically from internationally to a two-tier system. Gold would freely circulate without restriction only internationally. Therefore, the confiscation of gold was altering the monetary system moving to a two-tier monetary system with gold only used in international transactions.
Consequently, FDR confiscated gold to move to a two-tier system and to deprive Americans of any profit from his devaluation. What FDR then did was confiscate gold from all institutions ordering them to turn over whatever they had. Ironically, this move was intended to target bankers rather than the public. FDR did not have people knocking on every door demanding all their gold. That is why there are plenty of US gold coins that have survived. If individuals possessed them rather than an institution, then they kept what they owned
Therefore, Roosevelt was able to seize whatever gold existed in banks. He declared all contracts void that had gold provisions for payment. It was in Perry v. United States – 294 U.S. 330 (1935) that the US Supreme Court ruled that Congress, by virtue of its power to deal with gold coin as a medium of exchange, was authorized to prohibit its export and limit its use in foreign exchange. Hence, the restraint thus imposed upon holders of gold coins was incidental to their ownership of it, and gave them no cause of action. id/P. 294 U. S. 356.
The Supreme Court held that it could not say that the exercise of this power by Congress was arbitrary or capricious. id/P. 294 U. S. 356. They held that even if the Government’s repudiation of the gold clause in the government bonds was unconstitutional, it did not entitle the plaintiff to recover more than the loss he has actually suffered, and of which he may rightfully complain. id/P. 294 U. S. 354. Therefore, the Joint Resolution of June 5, 1933, held:
“insofar as it undertakes to nullify such gold clauses in obligations of the United States and provides that such obligations shall be discharged by payment, dollar for dollar, in any coin or currency which at the time of payment is legal tender for public and private debts, is unconstitutional.” id/P. 294 U. S. 349.
Yet, swapping gold for dollars created no loss that was cognizable even though the taking of gold was unconstitutional. Clearly, the Supreme Court did not consider the loss in terms of foreign exchange. The Court reasoned:
“Plaintiff has not attempted to show that, in relation to buying power, he has sustained any loss; on the contrary, in view of the adjustment of the internal economy to the single measure of value as established by the legislation of the Congress, and the universal availability and use throughout the country of the legal tender currency in meeting all engagements, the payment to the plaintiff of the amount which he demands would appear to constitute not a recoupment of loss in any proper sense, but an unjustified enrichment.”
In my understanding of the law, those who argued before the Court made purely a domestic argument. A dollar was still a dollar in domestic terms so there was no cognizable loss and the Court did not reach the constitutional question. Had they argued that their loss was with respect to some debt owed in British pounds, they there was a loss. Purely domestically, the only loss would have been to inflation and the Court would never rule against the government on such an issue.
All of that said, there does not appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming. And as for those claiming the Fed will reverse its position, say inflation is suddenly no longer a problem, and monetize everything in sight, this is even too big for the Fed. have to create QE and absorb all the debt, there to things have changed. If the Fed does that, it will also lose all credibility. It squarely understands that inflation comes from handing Ukraine a black check to the most corrupt government in the world. The Fed raised rates yesterday for it cannot back down. It is choreographing the best it can but the bankers do not listen.
If they simply stand behind all the deposits, then there will be no panic. That is what they did in 1933 and the market rallied in confidence thereafter.
For the life of me, I have stated the obvious that the Biden Administration has been pushing China and Russia together not to mention North Korea, Iran, and perhaps even Turkey. I cannot believe that I am so brilliant that none of these people in the White House understood the historical event that just took place. That leaves me with the only possible conclusion that they KNEW what they were doing, and that this was DELIBERATE with the intention of creating World War III.
They made it clear that Russia is willing to negotiate but the USA wants war – not peace. All they need to do is honor the Minsk Agreement which they refuse to do. In addition, they expressed concern about the West effectively creating NATO in Asia and the AUKUS (Australia, the United Kingdom, and the United States) and their plans to build nuclear submarines that would violate the non-proliferation of weapons of mass destruction.
Russian and China came to an agreement concerning a comprehensive partnership in the energy sector. They also expressed concern for the American Neocons who have been pushing military-biological activities and demand full disclosure. They are furthermore pushing for the US to accelerate the elimination of its stockpile of chemical weapons, which the Neocons seem to be dragging their feet intentionally under the Biden Administration.
They also stressed that the United States is pushing Ukraine into this proxy war that they viewed as leading “to an uncontrollable phase.” Moreover, they have also pointed out that the United States and the UK are bypassing the UN Security Council and acting in a rogue manner. The Biden Administration has already divided the world economy. Now, China and Russia are moving to a joint security policy on food and energy which will include defense.
NATO is by no means a defensive organization. They violated the agreements of 1991 and moved Eastward to the border of Russia. In return, China and Russia have called on NATO to strictly observe the defensive nature of their organization and respect the foreign sovereignty of nations, which they have not. Aside from the fact that they invited Russia to join in 1991 which led to the Gorbachev coup, the need for Russia to be the evil empire has been vital. Without an enemy, NATO serves no purpose.
They have also expressed concern that the United States has clearly intensified its activities in the field of missile weapons and has called out the US insisting that it is undermining international security. The Biden threats have been rejected and imposing sanctions on China will only further destroy the world economy.
Without question, this alliance between Russia and China has been created by the American Neocons who assumed that they could intimidate China into remaining distant from Russia so they could wage war and destroy Russia once and for all. This has undone everything that President Nixon did to separate the two MNixon went to China on February 21, 1972, and this is 51.6 years from that target – just UNBELIEVABLE. This also confirms that we are staring into the eyes of history in the making.
Consequently, the China-Russian alliance is historically a true game changer. The Neocons have upset the entire world and NEVER do they ever consider what if their judgment was wrong. The world we have known it is changing and the Neocons have succeeded in undermining not just our future in the United States, but that of the entire world.
Just as World War I and World War II marked the collapse of the British imperial empire, the stupidity of the Biden Administration has sealed the fate of the world and the United States. The world is now firmly divided and the future will never be the same. Welcome to the 2023 Financial Crisis.
I have had two employees from Ukraine – Kiev and Donetsk. The one from Kiev just mouths the standard Ukrainian propaganda. If they give up the Donbas, they will then want all of Ukraine. The UK is deeply involved walking hand and hand with Biden into world war III. They have clearly crossed the Rubicon here and for no justification. Had they simply honored the Minsk Agreement and let the Donbas, which is ethnically Russian, separate from a regime that hates their guts the war would be over in 5 minutes.
Instead, Britain appears to have been planning to give Ukraine nuclear weapons with depleted Uranium. Putin has come out and warned the UK that “the delivery and use of depleted uranium missiles by the Ukrainian Armed Forces will be perceived as an attack against Russia with a weapon that has a ‘nuclear component’.” Putin elaborated:
“Today it became known that the United Kingdom, through the Deputy Head of the Ministry of Defense of the country, announced the supply of not only tanks to Ukraine but also shells with depleted uranium. It seems that the West really decided to fight Russia in the last Ukrainian not with words, but with deeds Russia will be forced to react once the collective West starts using weapons with a nuclear component.”
There are some who believe that Ukraine should just be nuked. Give the people 2 weeks to flee to Poland or Germany, and then nuke the region and make it unlivable. That is basically the legion that Rome certainly razed the city entirely, but there are no contemporary sources stating that the Romans salted the land to prevent the city of Carthage from rising a fourth time. The Greek writer from the 1st century BC, Diodorus Siculus, informs us that the city had been razed and Carthaginians destroyed. Horace informs us that after the city was destroyed, the land was symbolically plowed. Polybius in his “The Histories” makes no mention of the land being salted just that the city was completely destroyed. Appian of Alexandria does record that Carthage was reconstructed by the first Emperor Augustus (27BC-14AD) and to avoid the evil spells that were cast on the ground, Carthage was rebuilt in a different location.
Surely, if Russia nuked Ukraine that would kill the European breadbasket and it would guarantee Ukraine’s neutrality. Is that the only way to terminate this Neocon Proxy Way and save the world?
The three Punic Wars (264 BC–146 BC) between Rome and Carthage were a turning point in the history of the Mediterranean world and, more than any other conflict, the Second Punic War (218 BC–201 BC) appears to have been a defining time in Roman history. We also see the debasement in that coinage of Carthage as they waged war to defeat Rome. You can see the early silver coinage debased as the war unfolded.
As Hannibal marched through Spain and invaded Italy from the North, Rome issued its first gold coinage more as a symbol of wealth to the other Italian city-states that they should standby Rome and not join Hannibal.
On the Roman side, we also see the consequence of the war with the debasement of the silver quadrigatus, which was the Greek denomination of the didrachm they complied with for trade with the Greek world. Here too, we can see the cost of war is not just the lives lost, but also the inflation and the monetary debasement.
Hannibal’s war also forced Rome to establish the denarius, which was the weight reduction from the Greek standard of the Didrachm 6.5 grams to 4.0 grams in 211BC. Even though Rome won, the lesson here is that sometimes wars result in the complete collapse of a monetary standard and the rebirth of a new currency. This is what we face. The Neocons care nothing about the economics, nor about the lives of the people they send to die for their arrogance. They are the worst of humanity and should be driven from governments on a global scale.
Indeed, King Louis XIV (1643-1715) was on his deathbed when he lamented.
“I have been too fond of war.”
Meanwhile, the arrogance of the Neocons trying to dictate to the world and ordering China not to help Russia, Xi’s trip to Russia had no other outcome but to support Russia as he called Putin a ‘dear friend’ as China now pushes back against U.S. power knowing full well the real agenda here is to weaken Russia and then for NATO to invade on any pretense to destroy Russia once and for all. This is the Neocon’s dream and they could care less about the Ukrainian people. I have warned that the Ukrainian people are there to be slaughtered for the glory of the Neocons.
Seems to me the Democrats are following the time honored practice South American governments have resorted to in recent years when one party displaces another in a national election. In Brasil, the current president, Lula, spent 3 years in jail for charges of corruption. His successor was later removed from office. Now Bolsonaro has fled the country and is living in South Florida. In Ecuador, a past president, Moreno ,is under indictment and it appears he too will end up being arrested on trumped up corruption charges. In Bolivia, two term ex-president Evo Morales, after trying to run for an unprecedented third term, fled the country in 2019 when it appeared opposition to his run would potentially result in his being jailed. He fled to Argentina, then later got asylum in Mexico. The woman who replaced him was subsequently arrested on trumped up charges of conspiracy. IN Peru, which has gone through more presidents in recent years than most countries have experienced in a half century, has arrested the past 5 presidents. In Chile, the last president who served in office was run out of office for using the military to suppress protests. This was back in 2019. The revolution that led to the country abandoning their old constitution has put the country in chaos.. The current president is extremely unpopular and one can imagine he won’t last another year in office. In Colombia, the country now is run by a communist/socialist who is now flirting with an ambitious spending program designed to buy time and slow down the opposition building against him. In Argentina, the former president, Christina Fernandez Kirchner, is dodging charges of corruption(and just avoided being assassinated by a lone gunman) after presiding over another series of IMF sponsored funding that has left the country in a perpetual state of default. The socialist in office today, Fernandez, is one of a long line of failed presidents who is destined to be pulled under by the corruption so deeply embedded in this country.
Now the Democrats appear to have imported South America’s tradition of imprisoning opposition leaders.It’s hard to imagine a party as corrupt as that of the Democrats. But nothing happens in a vacuum. With Republican support in Congress during Trump’s term when they opposed him and did everything they could to undermine him, the uni-party now operates without even the slightest effort to disguise their true intentions. An outsider like Trump is anathema to both parties. It reminds me of the PRI in Mexico. which put forth its candidate every year pretending people there actually had a choice, It took AMLO to break this tradition. Only because the drug cartels today are so powerful, the central government is virtually impotent to extend its reach outside of the capital.
We are watching the dying days of this republic. Biden’s “election” has assured that no serious challenger can ever emerge.Locking up your opponent now has become part of their playbook. This is the tradition of the Sandinistas, the Peronists in Argentina, and now the Biden dictatorship.
MS
REPLY: People do not realize that Zelensky wants to imprison the former president indefinitely pending a rigged trial for corruption. This is the one man who could probably run against Zelensky and beat him with his high heel shoes. Zelinsky is so perverse and a disgrace to Ukraine when in fact it has been clearly established there is NO accountability for any money handed to Zelensky and any American politician who votes for this money for Ukraine should be removed from office for they are probably tainted as well.
It has been established that Zelensky has been stashing money offshore. When the last Ukrainian fall on the battlefield, the US will have him airlifted in style and he will flee to his mansion in Miami after destroying his own country. Zelensky has been caught. Who will prosecute him? Not the Biden Administration which owed him the Midterm elections for being the 2nd largest donor under the money laundering scheme of FTX which will also be swept under the rug to protect the corruption that has consumed governments.
The United States is NO LONGER the beacon of liberty to the world. We have descended to the lowest possible level of absolute duplicity and corruption. People are bearish about the dollar because of the quantity of money? Get real! The collapse in the dollar will not be because of such petty nonsense. it will collapse because these people are destroying the very foundation of confidence and respect the United States once had.
The Chinese yuan has out-traded the US dollar by volume for one of the first times in recent Russian history. The dollar was king in 1991 when the Soviet Union collapsed, but that is no longer the case after Moscow branded the dollar a “toxic currency” along with the euro. Toxic currencies accounted for 87% of exports from Russia at the beginning of 2022, but this figure fell to 48% by the start of the new year. The Bank of Russia has reported that the proportion of USD/ruble pair in exchange fell to only 36% in February. The central bank is calling this a “broad structural transformation of the Russian economy.”
As “unfriendly countries” and their “toxic currencies” band together, those on the outskirts are winning. China has become the new go-to country for new trade partnerships as it bypasses Western-imposed sanctions. Toxic currencies represented 46% of imports in December 2022 but were at 65% in January 2022 before the war. In contrast, the yuan’s share rose from 4% to 23% during that time.
Those who were previously shunned from the big table are now pulling up a chair to discuss economic prospects with China. This will make it much easier to phase out toxic currencies because more people are willing to accept the yuan. The confidence in the yuan is growing. Everything occurring may seem odd, but it is precisely on target. As I mentioned in my report“China on the Rise,” China will dethrone the United States to become the world’s leading economic powerhouse by 2032. It’s just time.
ANSWER: Your problem is the assumption that everything must be trading at some fair value. That is up there with the theory of random walks. ALL markets trade for periods where they remain well below fair value. That was the entire takeover boom of the 1980s which they also blamed on me because I was advising many of the takeover players. I simply showed these charts back then which show in terms of book value, the Dow Jones bottomed in 1977. The market was grossly undervalued because you could buy a company, sell all its tangible assets, and double or triple your money. Michael Douglas’ famous speech in that movie about “greed” would not even be possible if everything always trade like some mythical robot at fair value. Everything overshoots and undershoots.
The metals are NO DIFFERENT. Every market swings between grossly UNDERVALUED and then grossly OVERVALUED. This is part of the business cycle. If there were no periods of gross undervaluations, there would not be a sudden boom either.
This is what you have to come to grips with. There is such a thing and the business cycle. Our cyclical analysis would not be possible if everything was trading at a flat line of fair value. This nonsense in metals is made up of people who have been wrong, and need to blame someone else. It is like blaming climate cycles on CO2. This notion of fair value is rooted, I hate to tell you, in Marxism, because he too did not understand the business cycle.
Posted originally on the CTH on February 21, 2023 | Sundance
Follow the bouncing ball of consequence….
(Via Daily Mail) Vegetable rationing could last for ‘weeks’, it was warned today, after Morrisons joined Asda to became the second major supermarket to limit sales of certain items.
Perishables like tomatoes, potatoes, cucumber and broccoli have been restricted to just two or three per customer in a host of stores up and down the country.
The crisis has developed in recent weeks due to soaring energy costs which have forced British farmers to switch off greenhouses as they desperately try to make ends meet – leaving a dearth of home-grown produce. (read more)
While it is prudent to remind everyone how fortunate we are to have Florida, California and Mexico for North American vegetable supplies, ie. no dramatic supply shortages, the energy price pressure being applied by Biden policy will lead to even higher consumer prices for all row crops.
18 months ago (Oct 2021), CTH first strongly recommended restarting victory gardens at home. The same recommendation only strengthens.
QUESTION: I found it really interesting how you have used the coinage to ascertain the costs of wars and to confirm the history. You have shown coins that show even the opening of the Colosseum. Are there any that record the plagues in history?
Thank you for a free and interesting site.
PV
REPLY: Ancient coins have been used throughout the centuries. Here is a Roman Sestertius of the Roman Port of Ostia. Saint Peter’s Square is the entrance to St Peter’s. Bernini actually copies the idea of the two colonnades from Nero’s coin. Some did not understand the history and claimed that Bernini was symbolizing the embracing maternal arms of the Catholic Church. It was the Port of Ostia which was the entrance to Rome for all the ships around the world. Thus, Bernini used the Port of Ostia to symbolize that this was the entrance for all Christians from around the world.
There was a great plague that infected Rome which was brought from Asia exactly as was the case by invading armies who brought the Black Plague during the 14th century. Emperor Trajan Decius (249-251AD) and his oldest son Herennius Etruscus (251AD) were killed in battle against the invading Goths. His youngest son, Hostilian (251AD) died of the plague.
This coin was issued by Trebonianus Gallus (251-253AD) appealing to Apollo Salutaris who was believed to have been the god of healing. This was the Plague of Cyprian that infected the Roman Empire from about 249 to 262 AD. It takes its name from St. Cyprian, who was the bishop of Carthage. He was a historian who witnessed and described the plague. It is not known precisely what it was. But from the description, it may have been smallpox, measles, and perhaps a viral hemorrhagic fever along the lines of the Ebola virus. What we do know is that this plague weakened Rome during the 3rd century causing a widespread decline in the workforce. That resulted in food shortages for a lack of manpower to produce food for the Roman army itself. This contributed greatly to the collapse of the 3rd century.
The Antonine Plague of 165 to 180AD, was the first known pandemic impacting the Roman Empire. It was most likely contracted by soldiers who were returning from campaigns in the Near East and spread throughout the empire. Historians generally believe the plague was smallpox or possibly measles. In 169 AD, the plague most likely took the life of Roman Emperor Lucius Verus. It appeared, according to ancient sources, during the Roman siege of the Mesopotamian city of Seleucia in the winter of 165–166. According to the Roman historian Cassius Dio at the time, the disease broke out again nine years later in 189 AD. That time he said it caused up to 2,000 deaths per day in the city of Rome. The total death count at the time ranged between 5 and 10 million. About 25T of those who contracted the plague died. This amounted to about 10% of the population.
A third major plague struck during the 6th century. Research has been conducted on skeletons that have survived. It has been confirmed that DNA from Yersinia pestis—the same bacterium responsible for the Black Death—was the cause of the Justinianic plague. This plague also became a pandemic that spread throughout the Mediterranean region and beyond.
What is significant about this plague is that it took place during a Volcanic Winter. There were the great volcanic eruptions that created the extreme weather events of 535–536AD during the reign of the Byzantine Emperor Justinian I (527-565AD). A mysterious cloud appeared over the Mediterranean basin according to the historian Procopius of Caesarea (Procopius Caesarensis; c. 500-560 AD) who wrote: “The sun gave forth its light without brightness, and it seemed exceedingly like the sun in eclipse, for the beams it shed were not clear.” This was a volcanic cloud that blocked the sun. But it was not a volcano in that region. The cloud’s appearance created climate cooling for more than a decade. Crops failed, and there was widespread famine. This also sets in motion a pandemic known as thePlague of Justinian (541-542), which swept through the Eastern Roman Empire killing 5,000 to 10,000 people per day in Constantinople.
War has been the catalyst for disease. Why? The movement of populations from one region to another has historically spread disease. Even when the Europeans visited America, they brought diseases that killed many Indians. Likewise, Europeans who had sex with Indian women brought back to Europe Syphilis which did not previously exist in Europe. The Black Plague of the 14th century was brought about by the invading Tartars in Crimea. They began catapulting dead bodies into the Italian fort which then panicked and took the disease back to Europe.
The Spanish flu pandemic of 1918, the deadliest in history, infected an estimated 500 million people worldwide—about one-third of the planet’s population—and killed an estimated 20 million to 50 million victims, including some 675,000 Americans. Once again, it coincided with World War I.
What we must be on guard against as our World Leaders are pushing to war once again, this one will engage the entire world. The likelihood of another major pandemic will be huge. What will it be this time? Normally, we should expect it to be the Black Plague. However, with the genetic manipulation and gain of function these people have been toying with, we cannot rule out that this time will be along the lines of COVID where the vaccines failed to prevent anyone from contracting COVID and actually made most more vulnerable in the future.
Seymour Hersch won a Pulitzer Prize for his reporting on the My Lai massacre in Vietnam. He is one of a dying breed of independent journalists. He has revealed that the United States destroyed Nord Stream Pipeline and this was all part of the Climate Change War where the Neocons are now supporting Nazis to exterminate Russia once and for all while they ask China to please wait quietly in line patiently for their turn to be destroyed. His in-depth article includes:
“Last June, the Navy divers, operating under the cover of a widely publicized mid-summer NATO exercise known as BALTOPS 22, planted the remotely triggered explosives that, three months later, destroyed three of the four Nord Stream pipelines, according to a source with direct knowledge of the operational planning.
Two of the pipelines, which were known collectively as Nord Stream 1, had been providing Germany and much of Western Europe with cheap Russian natural gas for more than a decade. A second pair of pipelines, called Nord Stream 2, had been built but were not yet operational. Now, with Russian troops massing on the Ukrainian border and the bloodiest war in Europe since 1945 looming, President Joseph Biden saw the pipelines as a vehicle for Vladimir Putin to weaponize natural gas for his political and territorial ambitions.”
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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
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