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.
The Federal Reserve raised the benchmark by 25 bps, as expected. The Fed fully understands that the manipulation of the CPI is a necessary aspect both for containing government benefits and understating inflation also results in high tax revenues. The market loves hope, and as a result, they focused on the warning that we’ll be in restrictive territory for just a bit longer. Most still believe that there will be a slowdown in inflation just ahead.
The Fed’s cautionary commentary saying that the “disinflation process” has started triggered shares to jump ending up 1%. This shows how insane the analysis had become that they cheer a recession and think that lower interest rates are bullish for the stock market. Obviously, they just listen to the talking heads on TV and have never bothered to look at reality. When interest rates decline, so has the stock market. Interest rates rose for the entire Trump Rally, and they crashed during the Great Recession of 2007-2009. For the life of me, I just shake my head when the talking heads cheer lower rates and spread doom and gloom with higher rates.
You’ve taught through many historic examples that politicians drag us to war because they need an external enemy to hide their failures. Wag the dog. Have you considered this time around the U.S. will enter ww3 to cover up the reveal of the covid vaccine blunder? Yes, war will still hide the debt crisis of western nations, but maybe the vaccine reveal kicks this thing off. The barrage of sudden deaths is starting to overwhelm the bullshit. Our leaders, especially Biden, are incredibly compromised by pushing the shit vaccine.
JT
ANSWER: The COVID lockdowns were created as an exercise in controlling the sheep. This war was set in motion for some time. John McCain ran to Ukraine and he was all exited in December 2016 as soon as Trump was elected. He assumed he could manipulate Trump and promised unlimited funding to wage war against Russia.
I know for a fact, that this war was set in motion in 2014 but it was in the planning stages well before even that. In 2015, McCain was meeting opening with the Nazi movement. COVID was clearly just a rehearsal in their exercise of the abuse of power.
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:
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.
Pfizer has agreed to pay $2.3 billion, which is the largest healthcare fraud settlement in the history of the Department of Justice. Like the bankers, they are just giving the Justice Department their share of the cut and nobody goes to jail. Pfizer has the GET-OUT-OF-JAIL card and the Justice Department has been bribed to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products.
No doubt, they are immune from civil liability even if they killed a member of your family because they have bribed Congress for that privilege to kill people with total immunity. The Italian Mafia should have just bought a drug company to take care of business and they would have been immune!
As to those who have asked if we have ever advised Pfizer. The answer is NO. I am not Pontius Pilate pretending to wash the blood from my hands after dealing with a company I have ZERO respect for!
Dave Rubin of “The Rubin Report” talks about his secret meeting with Elon Musk at the Twitter HQ where he met with Twitter engineers and learned why the shadow banning issue is far worse than anyone imagined; the performance of Finnish transgender figure skater Minna-Maaria Antikainen; his first person account of how insane the California homeless problem has gotten; why Mayor Suarez’s policies in Miami are luring so many people from California and New York to Florida; White House Press Secretary Karine Jean-Pierre proving that the Biden administration seems to put diversity and inclusion above competence; CNN’s Dana Bash reading Rep. Ilhan Omar’s antisemitic remarks to her face while she plays dumb; Dr. Fatima Cody Stanford telling “60 Minutes’” Lesley Stahl that childhood obesity has very little to do with diet and exercise; Kathy Hochul doubling down on firing unvaccinated workers even as a nursing shortage is sparking a call to rehire the fired healthcare workers; Bill Gates now agreeing with critics of the COVID vaccine about it’s limits; Project Veritas founder James O’Keefe being attacked by Pfizer director Jordan Tristan Walker; Jordan Peterson telling Joe Rogan his thoughts on the Davos agenda coming out of the World Economic Forum and why the WEF’s climate change policies could be a disaster for the poor; and much more.
As I’m watching President Trump doing the familiar targeting of the GOPe roadmap, in this instance hitting the Club for Growth (CfG), my spidey senses are telling me their modified 2024 path will involve increased emphasis on the Republican Governors Association (RGA).
In the 2020 midterms, the RGA headed by Arizona Governor Doug Ducey was positioning: specifically positioning Ron DeSantis. If the modified establishment roadmap rolls out as it looks right now, I suspect the RGA will play a key role in it.
President Trump hit back against the always insufferable Club for Growth yesterday. The CfG together with the Business Roundtable and U.S. Chamber of Commerce are the political nexus for all things multinational, Wall Street and globalist. Republican candidates endorsed by either of these assembled corporate advocacy groups can always be counted on to sell-out the American worker. This is the insider club activity within the larger Republican network, all aligned with Mitch McConnell and the DeceptiCon crew.
Whenever you see President Trump hit the power dynamic, he generally hits the shadow network, the true motive for the attack, that align with it. In this case CfG has a long history of paid support for Florida Governor Ron DeSantis.
It is true that Club for Growth represent the “globalist,” which is to say, ‘America Last’, perspective. DeSantis long political alignment with CfG to include his support for Fast Track Trade Promotion Authority (TPA), the tool for the Transpacific Partnership trade deal (TPP), is a part of his legislative record that Ron DeSantis cannot avoid.
However, beyond the corporate alignment, Wall Street banks and hedge fund billionaires, the people managing RdS are trying to avoid confrontation with President Trump on the key issues. Corporatism and Ukraine are the two biggest Achilles heels of the Florida governor.
The RdS managers have so far kept their principal from the foray. Preferring to let their recruited surrogates and conservative ‘influencers’ do the wagon-circling on behalf of DeSantis. This looks to have been a key part of the strategy within the RdS centric roadmap and explains why Christina Pushaw began those recruitment efforts in December 2021, culminating in the first meeting on January 6, 2022.
The second prong of the establishment approach to 2024 (DeSantis) that looks slightly different from 2016 (Jeb!) is the focus on South Carolina as a fulcrum primary race. As a result, we are seeing South Carolina Nikki Haley and South Carolina Tim Scott now positioning to enter the contest. Scott will be heading to Iowa later in February [LINK].
President Trump is doing something familiar by hitting DeSantis as the Club for Growth becomes confrontational. It’s one of the key differences between President Trump as a politician and all others. Trump remains focused on the non-pretending true beneficiary of the overall roadmap. Trump did the same thing with Jeb! in 2016.
In addition to Tim Scott and Nikki Haley, it is likely we will see Mike Pompeo, Chris Sununu, Mike Pence and Larry Hogan enter the 2024 contest for the GOP nomination. However, each of them will simply be forming a common line of attack against Godzilla Trump, permitting Ron DeSantis extra time before he needs to stop pretending and actually announce his intent.
If the roadmap holds up, DeSantis will be the last one to enter.
This is where the RGA looks to have been recruited for a larger role in 2024 than was deployed in 2016. Keep an eye on Republican governors and how they position their advocacy and endorsements.
While the online social media Pushaw group will be trying to attack MAGA voices and create the illusion of overwhelming support for the principal, DeSantis, the mainstream RGA voices will talk high-brow about the need for change and a brand of strategic politics they will claim only Ron DeSantis can provide. This forms the multiple fronts against the MAGA coalition that we will face later this year.
Trump’s strength in this contest is that he doesn’t need to pretend. The DeSantis weakness in this contest is that he must pretend he is not running as long as possible. Thus, in that very specific dynamic you will find the source motive for Pushaw’s early efforts with the “influencers”. However, on national economic matters as well as Ukraine corruption issues, you will note a comprehensive silence from RdS directly.
President Trump is exceptional at using the literal truth as a weapon against all of the shadowy aligned elements. Fox News, Paul Ryan, Karl Rove, CfG, the Murdoch clan, as well as the larger multinational billionaires and globalists are following a very transparent program, if you know what to look for.
Enhancing this strategy is where the RGA will come into play. All of them took a strategic loss when Harmeet Dhillon did not win the RNC chair position, which was particularly noteworthy due to the RdS endorsement. Once DeSantis enters the race it will be six or seven against one, with each of the individual partipants aligning to drop out in sequence and endorse the principal.
Keep watching… and keep all of the above in mind as you review this discussion about the GOPe dynamic.
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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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