Conversation with Robert F. Kennedy Jr. | How The Powerful Captured The Public During The Pandemic


Kim Iversen Posted originally on Rumble on: Feb 3, 6:00 pm EST

AOC Is Bouncing on Floor, Hopping Mad That Ilhan Omar Was Removed from Foreign Affairs Committee


Posted on the CTH on February 2, 2023 | Sundance 

Representative Alexandria Ocasio-Cortez (AOC) was showcasing how the term “hopping mad” originated today during a theatrical performance about her friend Ilhan Omar being removed from her seat on the House Foreign Affairs Committee.  WATCH:

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When she gets done with that dramatic bouncing routine, she’s still as goofy as Hank “tippy Guam” Johnson.

Oh SH*T, HERE WE GO… Pfizer BETTER BUCKLE UP


Redacted News Posted originally on Rumble on: Feb 1, 4:00 pm EST

The truth always come out!

Gold v Digital Fiat & Marxism


Armstrong Economics Blog/Gold Re-Posted Feb 2, 2023 by Martin Armstrong

QUESTION: Hi AE…so gov’t “money” (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic account in the cybersphere. As these various so-called gov’ts become less reliable, even between themselves, do you see the possibility of them simply skipping their phony currencies, & trading directly in gold. Russia could ship a specific quantity of crude to China, for a specific amount of gold bars. Your argument about the impracticality of a gold-backed currency makes sense, but what about large transactions being settled in gold?

HS

ANSWER: The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. Vote for me and I will give you this or that!

The Bretton Woods gold standard collapsed because they FIXED the price of gold at $35, but they continued to print money far beyond the supply of gold at that fixed price. In addition, you have a business cycle. There will be times when no matter what the money might be, there will be boom times when the value of money declines and the asset values rise.

This argument over gold v fiat is absolutely just nonsense. The wealth of any nation is the productive capacity of its people. For centuries, the business cycle has existed and that is the entire cause for the “inflation” in assets when money declines in value, and then the “deflation” in assets with the value of money rises. Arguing over what we use for money will NEVER stop the business cycle.

The cycle is also in part driven by all governments. It becomes a drug of power that is abused. It would not matter what we use for money right now, they want to create World War III so they can default, and escape from the abuse of this Marxism that they have turned into a system of borrowing every year with no intention of paying anything back. But we have reached the confrontation between Keynesianism where central banks are expected to prevent inflation by rising interest rates, but that has no impact on the government which has become the biggest borrower in the system.

We are going BUST not because of the money we use, but because of the abuse of power in government which has always existed since ancient times.

Trust me. Forget gold standards. They will never work because all governments act only in their own self-interest. You should have learned that with COVID. They will never admit any mistake EVER! It is far better to keep gold on our side of the table and we can then use it as a hedge against governments. They are seeking to move to digital currencies ONLY so they can track when you hired the 16-year-old girl next door to babysit for you so they can go after her for the government’s 50% share.

Even Bitcoin is fiat. There is no backing. People have dived headfirst into cryptocurrency on the entire proposition that they are limited. All they have done is proven my point. Money, historically, has been everything from seashells and cattle to bronze, silver, and gold. Of all the various forms of money, only bronze and cattle had any real commodity value based on utility.

The Egyptians really invented paper money for the farmers would deposit their grain and receive a receipt which was a bearer instrument used in trade. They also used raw metal, not coins, and traded based on weight, as it stated in the Bible. Here is a piece of pottery from Egypt recording a complaint about taxes written in Greek. It stated the sum amounted to a total of 90 talents of silver with 15 talents of tax on the transfer of land – 16.6%.

For thousands of years, Egypt had no coins until it was conquered by Alexander the Great, and upon his death, his general Ptolemy I (305/304 – 282 BC) took the throne and it was his Greek line from which Cleopatra VIII came – not Egyptian.

Our system is starting to implode. Never in the history of human civilization have governments demanded taxes on income requiring reporting every year. This was the gift of Karl Marx. Just as this Egyptian tax on the transfer of land, we see that property taxes and a form of sales tax were the norms.

The American Constitution was intended to give thenational government greater power to raise revenue because the previous Articles of Confederation had been a fiscal disaster. Nevertheless, most people remained fearful of taxation by governments. Indirect taxes were to be the way to secure our liberty from tyrannical governments. It was generally understood that indirect taxes meant taxes on consumption like a retail sales tax and/or excise taxes on imports. It was believed that indirect taxes did not lend themselves to abuse by tyrannical governments. Consequently, the general belief was that “direct taxes” has to be taken off the table. Incomes taxes, throwing out the window of all the wisdom of the ages, were imposed by the new age of Marxism in 1913.

Our computer warns that 2025 will be the turning point in Marxism.

New York AG Releases Footage of President Trump Deposition, The Details of the Witch Hunt Are Very Visible in Procedural Explanations


Posted originally on the CTH on February 1, 2023 | Sundance

The office of New York Attorney General Letitia James released footage on Tuesday of the deposition of former President Donald Trump. The video was intended to create a narrative as President Trump repeatedly invoked privileges under the fifth amendment against self-incrimination. However, if you watch the introductory part of the deposition, to include the statements from the office of the AG, you get a real sense of how this witch hunt is being conducted.

President Trump’s deposition took place on August 10, 2022. The issue is AG James using the process of a civil fraud investigation to construct a criminal case against Donald J. Trump. Unfortunately for Ms. James, you do not have to be a lawyer to see the “set up” nature of the lawfare as it is being conducted. Just listen to the qualifiers put into place by the Attorney General office.

Pay close attention to the preliminary procedural explanations and questions from state Attorney General Letitia James. That is the set up, technically and legally explained by the New York AG herself. Once you see that part, you realize no one in their right mind would answer any questions from this “investigative inquiry”. After a few minutes, President Trump -together with his lawyer- reads a statement, then repeatedly takes the Fifth Amendment. WATCH:

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If people actually watch this deposition, not just listen to pundits outline it, this video will backfire against the New York AG.

Fox News – “ominous Great Depression warning”


Armstrong Economics Blog/Economics Re-Posted Feb 1, 2023 by Martin Armstrong

Fox Business is reporting that economic conditions are much worse than you are being told.  Unfortunately, this is the conclusion when you have ZERO understanding of the historical trends and economic conditions. It is true that the shortages of COVID have caused prices to rise faster than economic growth and most incomes.  Therefore, they conclude that our standard of living has been rapidly declining.  The number reveals that more than one-third of all U.S. young adults are being supported in part by their parents. Thanks to COVID, this disrupted society far greater than anyone is reporting. In addition to the shortages because of the lockdowns, by the end of 2020, more than half of young adults in America were living with one or both parents. That statistic actually exceeded the record high of the Great Depression.

Here is the worst part of this analysis. Many are jumping on the bandwagon claiming that the decline in real disposable income has been the largest since 1932 and therefore, this is a warning sign of a Great Depression is coming. They seem to be focused on the fact that the GDP report showed a significant decline in real disposable income, which fell over $1 trillion in 2022. Now let’s look closer!

First of all, the entire reason why unemployment rise to 25% during the latter part of the Great Depression was the Dust Bowl. Why? At that time, about 40% of the civil workforce was still agrarian. The Dust Bowl meant job loss. If you could not even plant crops, there was no need for people to pick crops.

Service during the Great Depression accounted for 17% of the workforce compared to 44%+ today. Government, federal, state, and local, was 22% of the civil workforce during the Great Depression compared to 33% by 1980. Things have continued to evolve and by 2019, services represent 79.41%. Agriculture is now a tiny fraction of what it once was – 1.41%.

In the USA, at the state level, their share of the civil workforce varies greatly. Florida is at about 11.3% compared to New Mexico which is 22.5% – a government employee’s paradise. The lowest is Michigan at 10.1%.

During the Great Depression, the entire reason for the collapse in disposable income was the collapse in agriculture which created a collapse in income due to massive unemployment. That is totally different from the crisis we have today.

Here we have rising prices due to shortages and then central banks raising interest rates in a fool’s quest to stop inflation when it is not based on speculation. Moreover, the biggest borrower is the government, and rising interest rates will only increase their exposure to keep rolling over the debt. Therefore, governments have been borrowing year after year. What happens when the public no longer buys their debt? Real disposable income has been collapsing for completely different reasons since 1932. Here we have the costs of everything rising and then these people want war with Russia and China. Every war since the start of recorded history has resulted in inflation. Add to this, the total insanity of trying to end climate change by outlawing fossil fuels at a time when the climate is prone to getting colder.

We are already witnessing riots around the world BECAUSE of inflation. During the Great Depression, people were suffering from DEFLATION. So comparing just that statistic of a decline in personal income and projecting we now face a Great Depression, does not even qualify to be classified as analysis. That is no different from someone warning that carrots must be lethal because everyone who has ever eaten a carrot has obviously died.

Biden Sending Another $2.2 Billion in Weapons to Ukraine


Posted originally on the CTH on January 31, 2023 | Sundance

According to a Reuters article, Joe Biden is going to send a massive $2 billion plus aid package to Ukraine with the $1.75 billion in direct purchase weapons from defense contractors. Included in the $1.75 billion package will be longer range rockets, with another $400 million in weapons coming directly from U.S. strategic military stockpiles.

This announcement from the White House is coming on the heels of several reports that Ukraine was having difficulty matching the Russian forward advanced rockets and munitions that were capable of hitting Ukraine targets from outside of Ukraine’s ability to return fire.

This weapons delivery is also coming on top of the U.S. paying for the Ukraine government to meet its financial obligations, payrolls and government worker pensions.

(Reuters) – WASHINGTON, Jan 31 – The United States is readying more than $2 billion worth of military aid for Ukraine that is expected to include longer-range rockets for the first time as well as other munitions and weapons, two U.S. officials briefed on the matter told Reuters on Tuesday.

The weapons aid is expected to be announced as soon as this week, the officials said. It is also expected to include support equipment for Patriot air defense systems, precision guided munitions and Javelin anti-tank weapons, they added.

One of the officials said a portion of the package, expected to be $1.725 billion, would come from a fund known as the Ukraine Security Assistance Initiative (USAI), which allows President Joe Biden’s administration to get weapons from industry rather than from existing U.S. weapons stocks.

The USAI funds would go toward the purchase of a new weapon, the Ground Launched Small Diameter Bomb (GLSDB) made by Boeing Co (BA.N), which have a range of 94 miles (150 km). The United States has rebuffed Ukraine’s requests for the 185-mile (297-km) range ATACMS missile.

[…] GLSDB is made jointly by SAAB AB (SAABb.ST) and Boeing. It combines the GBU-39 Small Diameter Bomb (SDB) with the M26 rocket motor, both of which are common in U.S. inventories.

[…] GLSDB is GPS-guided, can defeat some electronic jamming, is usable in all weather conditions, and can be used against armored vehicles, according to SAAB’s website. The GBU-39 – which would function as the GLSDB’s warhead – has small, folding wings that allow it to glide more than 100km if dropped from an aircraft and hit targets as small as 3 feet (1 meter) in diameter.

The USAI funds would also be used to pay for more components of HAWK air defenses, counter drone systems, counter artillery and air surveillance radars, communications equipment, PUMA drones, and spare parts for major systems like Patriot and Bradley, one of the officials said. (read more)

Can Forecasting be Infallible?


Armstrong Economics Blog/Socrates Re-Posted Jan 30, 2023 by Martin Armstrong

QUESTION: Do you think that Socrates will ever achieve infallibility?

KJ

ANSWER:  I have only shown our Global Market Watch model at conferences. It is a pattern recognition model that is learning every day. I have pointed out that nothing is infallible but if anything can achieve that, it will be this model. Right now, it’s not too bad, but it is still in its infancy. What has shocked me more than anything is that it has identified over 80,000 patterns. This is incredible to me. However, it explains why it is impossible for a person to actually forecast correctly. There are so many subtle variances that something may not be what we think is unfolding.

Eventually, it is theoretically possible that we reach some limitations of the pattern variances. If that can be achieved, then and only then would you be able to forecast infallibly.

Yet there is something else of tremendous importance. Socrates has been virtually infallible on the long-term trends and events. What I have come to understand is that there are so many possible variations in the day-to-day trends, but it does not alter the long-term. It projected a financial panic in 2008 10 years in advance. How do so many events unfold to the very day of the Economic Confidence Model? All I can say is that these events, which have nothing to do with my personal opinion, confirm that there is a hidden order of complexity that the make human eye cannot possibly see. There are just way too many events that unfold precisely on the very day of a target to be just coincidence. There is a far greater order that exists and people will disparage these forecasts because they think they only work because we have a huge client base.