Redacted News Published originally on Rumble on December 6, 2022
Newsmax TV Published originally on Rumble on December 6, 2022
COMMENT FROM HUNGARY: Dear Marty,
You were correct again. Price controls do not work in the long run. The Hungarian government introduced a price cap on gasoline and diesel a few months ago, but a few hours ago this evening they had to let it go(they “tried everything in their power to help but the damn bureaucrats in Brussels who voted for the sanctions”.etc etc.).
The holiday season, panic buying, no gas another nail into the trust in our government’s coffin.
Marty these people really have no clue what the hell they’re doing. We have several food products that also have price controls: Wheat, sugar, eggs, etc. And interestingly supermarkets simply stop selling them or they sell brown sugar (no price control) instead of white sugar (price controlled, the maximum amount you can purchase in one go is 3kg i believe). When will they learn (not admit) or at least stop blaming others for their own brain-dead decisions?
I honestly hope that whatever the hell comes after 2032 will be better than this nonsense.
Thanks for all you do Marty. Keep up the fight, and get some well-needed rest during the holidays. I reckon you’re getting more phone calls than usual…
All the best,
RH
ANSWER: You know the most astonishing fact is that this was not even my personal opinion. All one need do is consult history. NEVER has any attempt to freeze prices to prevent inflation EVER worked even once.
The Roman emperor Diocletian (284-305AD) tried to impose wage and price controls in an effort to prevent inflation that was soaring because of a collapse in confidence in the Roman government. The Edit on Maximum Prices was imposed during 201AD. It was an utter failure.
Even if we go back to the 4th century B.C., the Roman government bought corn (grain) and, in times of shortage, it re-sold it at a low fixed price to try to prevent inflation from shortages – as we have today. In 58BC, the Roman Senate went even further and granted every citizen free wheat. The politicians were trying to bribe the people as they are doing once again today. What happened was that the farmers began moving back to the city of Rome because they could live and eat without working – it was free. By the time Julius Caesar (100-44BC) crossed the Rubicon, one in three Romans was receiving government wheat. He was forced to create a census and found there were more people claiming welfare than there were possible people.
Those in government ALWAYS assume that since they possess a pen, they can write whatever law they desire and they will comply or be thrown in prison until they die. I was named FOREX Person of the Year in 2015 because we forecast the Euro/Swiss peg would break. I even met with the Swiss Central Bank and warned that the peg would break. I was told they would be able to hold it. I replied I think the odds are on my side since NOBODY in history has ever been able to do this. There was the British pound peh into the ERM the broking making Soros all his money. In 1997, there was the Asian Currency Crisis where all the pegs broke. then there was even Bretton Woods which was a fixed exchange rate that broke in 1971 and in 1973 I was called in for the first bank failure due to foreign exchange.
I have done my best trying to warn governments that they CANNOT fix currencies and even when they were forming the G5 with the Plaza Accord in 1985, I was called in and warned that lowering the dollar by 40% would lead to a major currency crisis and a crash by 1987. Never have they ever listened.
Perhaps, the ONLY time anyone in Europe or the United States than anyone in government ever listen was perhaps in 1997. They were starting the jawboning of the Yen for trade purposes once again. I wrote to Robert Rubin and he has Timothy Geithner respond who later became the Secretary of the Treasury. China has listened, but other than in 1997, I cannot say any central bank or government has EVER heeded my warnings that history is on my side – pegs NEVER work.
Data from the Centers for Disease Control and Prevention (CDC) showed that vaccinated and boosted people made up most of the COVID-19 deaths in August. EVERY person I personally know who has had problems from blood clots to being rushed to the hospital was vaccinated. I went to get my hair cut, yes what’s left of it, and the two women there both lost their sons-in-law in their 20s after being vaccinated.
Meanwhile, Fauci, finally under oath, could not name a single study that showed that masks ever worked. Indeed, there were many studies that showed that masks never worked during the 1918 Spanis Flu. Indeed, the CDC even conceded that cloth masks never worked.
Initially, Fauci spoke the truth that masks were useless. All the studies from the 1918 Spanish Flu confirmed that masks never worked and the Washington Postsaid they were “useless.” Everyone knows that the Post is so left they could never walk a straight line. Here is a 2009 study of the 1918 Spanish Flu.
Fauci 2009 Influenza 1918 study
Now the head of Pfizer has refused to testify before the European Parliament. Let’s face the facts. This entire COVID scam was carried out with the full knowledge of those at the very top. It was done for the purpose of creating this Great Reset Agenda. It was being pushed by the WEF and Klaus Schwab for political purposes. Remember how the WEF was telling us it was so great to lock everyone down? And now, they claim the inflation has nothing to do with shortages, but Putin’s invasion of Ukraine. They really think everyone, of the vast majority anyhow, is outright stupid and will believe whatever they say.
These people should be removed from any power and imprisoned for life. Of course, there is no possible justice when the very people apply their laws ONLY to us, and never act in an ethical manner themselves.
According to both the Senate Intelligence Committee (SSCI), via Chairman Mark Warner, and the House Intelligence Committee (HPSCI) via Mike Turner, the Chinese social media platform TikTok represents a “national security risk” to the United States. South Dakota Governor Kristi Noem, soon to be the vice-presidential candidate for the DeSantis-Noem 2024 ticket, has also called TikTok a national security threat and banned it in the state. Now, think about that carefully.
What is it about a social media app that allows short video sharing that would constitute a national security risk? The answer is not about dog and cat videos, or dancing diatribes or funny, weird or goofy content; nor is the national security risk attached to any data of the app users or content providers. The national security risk is found in the ability to influence public opinion that is not under the control of the United States government, or more specifically the Dept of Homeland Security (DHS).
The need for control is a reaction to fear. TikTok, as a social media platform, is not considered a national security threat because the Chinese government can control it. TikTok is considered a national security threat because the United States government does not control it.
For several years CTH has been outlining the relationship between DHS and social media. Currently, the headlines are filled with stories about Twitter and revelations of censorship and government influence coming from the purchase of the platform by Elon Musk. I promise you things are not what they seem.
Let me put some context to the dynamic that will hopefully clarify what is going on, and perhaps the context will help explain what you are seeing and what you are not seeing as this unfolds. There are going to be a lot of citations to fill in the details and understanding the modern Fourth Branch of Government is critical. The bigger picture also explains why SSCI Chairman Mark Warner said “people will die” if the seized Trump Mar-a-Lago documents become public.
♦ Elevator Speech: Twitter is to the U.S. government as TikTok is to China. The overarching dynamic is the need to control public perceptions and opinions. DHS has been in ever increasing control of Twitter since the public-private partnership was formed in 2011/2012. Jack Dorsey lost control and became owner emeritus; arguably, Elon Musk has no idea (you’ll see proof toward the end).
To explain the background activity of Twitter in a way that readers could understand, I used the metaphor of Twitter as Jack’s Magic Coffee Shop.
…”The metaphorical Jack had a great idea, open a coffee shop where the beverages were free and use internal advertising as the income subsidy to operate the business. Crowds came for the free coffee, comfy couches, fellowship, conversation and enjoyment.
It didn’t matter where Jack got the coffee, how he paid for it, or didn’t, or what product advertising the customers would be exposed to while there. Few people thought about such things. Curiously, it didn’t matter what size the crowd was; in the backroom of Jack’s Coffee Shop they were able to generate massive amounts of never-ending free coffee at extreme scales.
Over time, using the justification of parking lot capacity and township regulations, not everyone would be able to park and enter. Guards were placed at the entrance to pre-screen customers. Some were denied. A debate began.”…
Here’s what happened….
In/around 2011 and 2012 the U.S. Government, Obama administration and the U.S. State Dept., came into Jack’s Coffee Shop and asked him for help.
The govt officials needed to deliver massive amounts of coffee to their allies in Egypt, Libya and the middle east to support the Arab Spring party. Jack told the officials he was willing to help but didn’t have the capacity to deliver on that scale. The officials told Jack not to worry, they would handle that aspect – he just needed to agree to the partnership and let them utilize his business. Jack agreed.
[Note, the timing here is not accidental. The operational agreement happened at the same time DHS was fine tuning the domestic surveillance systems to monitor social media platforms and target political opposition. See The Fourth Branch.]
Over the next several weeks, months and eventually years, Jack watched as hundreds of new employees flooded into the business to facilitate the rapid expansion. Along with a myriad of new faces, new equipment was delivered and soon Jack found himself looking at heavy industrial equipment erecting large buildings in the back lots of the property. Coffee urns were replaced with massive industrial coffee delivery systems that far exceeded anything Jack ever imagined.
Business was booming, but slowly Jack realized he had lost control. Jack was riding a dragon.
As the years progressed, thousands of new employees moved into the offices of the new buildings and massive pipelines were producing incredible scales of coffee. Jack noted offices of the United Nations Human Rights Commission were now creating unique blends of coffee for international distribution, and the European Commission had an entire suite of specially trained coffee production engineers creating alternate combinations and flavors.
By 2018 Jack had essentially become an “owner emeritus,” his name was on the shingle, but the day-to-day operation of Jack’s Magic Coffee Shop had turned into an industrial park complex.
Jack saw his personal wealth attached to the success of the business, but operationally his only responsibility was traveling to symposiums and venues where he would stand on stage and wax philosophically about the future of a coffee delivery organization he no longer controlled. Day-to-day operations were now controlled by experts in the scale of massive industrial coffee. Those experts came from the Dept of Homeland Security.
[The Intercept] – […] Behind closed doors, and through pressure on private platforms, the U.S. government has used its power to try to shape online discourse. According to meeting minutes and other records appended to a lawsuit filed by Missouri Attorney General Eric Schmitt, a Republican who is also running for Senate, discussions have ranged from the scale and scope of government intervention in online discourse to the mechanics of streamlining takedown requests for false or intentionally misleading information.
“Platforms have got to get comfortable with gov’t. It’s really interesting how hesitant they remain,” Microsoft executive Matt Masterson, a former DHS official, texted Jen Easterly, a DHS director, in February.
In a March meeting, Laura Dehmlow, an FBI official, warned that the threat of subversive information on social media could undermine support for the U.S. government. Dehmlow, according to notes of the discussion attended by senior executives from Twitter and JPMorgan Chase, stressed that “we need a media infrastructure that is held accountable.” (read more)
To streamline the operational efficiencies as the industrial coffee system grew, direct portals between the Washington DC government offices and Jack’s Magic Coffee shop were created. Officials no longer needed to travel to the location of Jack’s Coffee Shop in order to operate the valves, mixers, grinders and systems to generate the scale of blends being produced.
Experts could now use direct portals to the facility to operate the coffee production systems remotely, with a limited number of specially trained (FBI) coffee engineers doing the laborious tasks and maintenance at the facility.
The badges were intimidating to Jack who went to sleep every night under the realization he no longer had any clue about how the coffee shop communication business was operating.
[…] The extent to which the DHS initiatives affect Americans’ daily social feeds is unclear. During the 2020 election, the government flagged numerous posts as suspicious, many of which were then taken down, documents cited in the Missouri attorney general’s lawsuit disclosed. And a 2021 report by the Election Integrity Partnership at Stanford University found that of nearly 4,800 flagged items, technology platforms took action on 35 percent — either removing, labeling, or soft-blocking speech, meaning the users were only able to view content after bypassing a warning screen. The research was done “in consultation with CISA,” the Cybersecurity and Infrastructure Security Agency.
Prior to the 2020 election, tech companies including Twitter, Facebook, Reddit, Discord, Wikipedia, Microsoft, LinkedIn, and Verizon Media met on a monthly basis with the FBI, CISA, and other government representatives. According to NBC News, the meetings were part of an initiative, still ongoing, between the private sector and government to discuss how firms would handle misinformation during the election. (keep reading)
After several years of increasing distance from the Coffee Shop operation he initially started, eventually Jack decided it was silly to own an industrial coffee delivery system that he didn’t control. So, Jack decided ot sell his shingle to someone else.
Enter, Elon Musk.
Billionaire Elon Musk, a man intimately familiar with large industrial systems and government, had been watching the disgruntled visitors to Jack’s Coffee Shop who were no longer permitted to enter. Musk saw an inequity between the amount of coffee that was available, and the scarcity of the coffee amid a community blacklisted by the operational executives and managers of the shop.
With expressions of both interest and fellowship, Mr. Elon Musk told Mr. Jack Dorsey he would take ownership of Jack’s Magic Coffee Shop and remove any discriminatory guards that were now controlling permitted entry. Jack had no aversion to Elon and eventually a deal was brokered.
After the transfer of sale was complete, Mr. Musk fired many of the guards and then set about checking the payroll to identify which group of shop employees were actually involved in the generation of coffee, and which employees were involved in promotion of the industrial coffee delivery system that were no longer needed.
Within this process Elon Musk begins to discover the complex nature of what, at least at the surface, appeared to be an uncomplicated coffee shop. Why is there a 500-room glass walled office building on the backside of the coffee shop? What is going on in that building that has anything to do with selling coffee?
If you’ve read this far, you might think my metaphor is a little over the top. Perhaps you thought that when I originally started saying there was much more to Jack’s Magic Coffee Shop a long time ago.
Well, thankfully, someone of reasonably intelligent curiosity finally asked Elon Musk the right question about this direct portal from DHS into the coffee shop. How Mr. Musk replied might surprise you. You see, the Jack’s Magic Coffee Shop metaphor is evidenced in the Musk response.
Twitter owner Elon Musk has no idea what the DHS portal into the coffee shop is for. WATCH:
.
To put it in brutally honest terms, The United States Dept of Homeland Security is the operating system running in the background of Twitter.
You can debate whether Elon Musk honestly didn’t know all this before purchasing Twitter from his good friend Jack Dorsey, and/or what the scenario of owner/operator motive actually is. Decide for yourself.
For me, I feel confident that all of the conflicting and odd datapoints only reconcile in one direction. DHS controls Twitter.
Wittingly or unwittingly (you decide) Elon Musk is now the face of that enterprise.
If you concur with my researched assessment, then what you see being released by Elon Musk in the Twitter Files is actually a filtered outcome as a result of this new ownership dynamic.
Put simply, DHS is mitigating any consequential public exposure by controlling and feeding Mr. Musk selected information about prior Twitter operations.
If TikTok is a national security threat, then Twitter is to Washington DC, as TikTok is to Beijing.
The larger objective of U.S. involvement in social media has always been monitoring and surveillance of the public conversation, and then ultimately controlling and influencing public opinion.
.
Large Numbers of FBI Agents Work Inside Twitter
Govt Structured Cloud Computing is Social Media operating System
Tech Platforms Connected to DHS Portals
Examples of Govt Influence of Social Media Content
[…] “Intelligence agencies backed new startups designed to monitor the vast flow of information across social networks to better understand emerging narratives and risks.” [HERE]
Understanding Jack’s Magic Coffee Shop
The Bank of International Settlements (BIS) has warned in its latest quarterly report that there is $80 trillion dollar in off-balance sheet dollar debt in the form of FX swaps. This has involved pension funds and other ‘non-bank’ financial firms.
What they do not explain is that each “debt” has a counterparty that has an “asset” and in theory, that works out to net zero. But there is counter-party risk that is not discussed. This doesn’t address the liquidity issue either. Still, it is not entirely a black hole as they seem to lead some to proclaim. What is also left unexplained or addressed is the question of if they are netting across all transactions. Many of the players in this market have offsetting positions. It is one thing to scream OMG the size of the stock market is too big, and another to yell fire in a crowded theater.
This $80 trill is effectively the derivatives market. It is what it is. Marking everything to market all the time isn’t a great answer either for there can be imbalances for a day or two in the middle of chaos. What is clear is that the BIS is raising concerns, in which it also said this year’s market upheaval took place without any major issues.
On the other hand, the BIS has been pushing central banks to raise rates to fight inflation which will only accelerate the crisis since it is shortage based. This is no different from the ’70s when there was an external price shock from OPEC,. Raising interest rates did nothing to prevent inflation, instead, it resulted in a strong dollar, the collapse of the pound to $1.03 in 1985, and the US national debt more than doubled on interest expenditures.
Nonetheless, the BIS has been quieter on the inflation front this time around. Just maybe, they are starting to realize that the old theories no longer work. The September UK government bond market turmoil was created by raising interest rates and the losses on holding long-term debt in the face of rising interest rates have been just the tip of the iceberg.
The FX swap markets have become huge. Our clients are well into the trillions these days whereas twenty years ago we had less than 5 clients at the $1 trillion threshold.
Nonetheless, the complexity of the cross-positions is the real risk. One side can blow out because of the chaos these braindead politicians are creating with this war against Russia.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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