Category World Economic Form

Oct 30 2020

Will Big Tech Replace all the Banks?


Armstrong Economics Blog/Banking Crisis Re-Posted Oct 30, 2020 by Martin Armstrong

COMMENT: Marty,

It’s now so obvious…but no one has more to gain with the lockdown(and more to lose with its lifting) than Big Tech.

The lockdown destroyed small and medium sized business, especially those that are in private hands. These were the real target of the lockdown…private property….collapse these businesses and you go at the heart of capitalism…private ownership. Once these were closed by government edict, the agencies then took control and put in place procedures that ensured these companies could never cope with the cost and layer of compliance required…lacking scale and financial resources, many simply closed for good. That was the goal all along. And remains so until only large businesses remain, those that will bend to the will of Government and profit from this reduced competition. And large tech companies are in a unique position to exploit this vacuum because they can become the single source providers of everything…and dictate time and price, point of sale…everything.

Which explains why they have the most to lose from lifting the lockdown, because now everything has been priced into their stock…and their CEO’s are not useful idiots but willing accomplices of this dark arrangement with those working in bureaucracy to further their push into everyone’s life…so, if you want to travel, get used to testing, tracking and vaccines…these carriers took money from govt and now the govt calls the shots…whenever you take money from govt, they own you. Same with big tech…now they are locked in tight to ensure that everything reported by the media via Twitter and Google states that the virus is here to stay and people nee to get used to it…the election gives them a perfect opportunity to trial run so many new initiatives that require we stay locked in and vote by mail…next comes electronic voting from an ap controlled by Apple.

This is pure evil. And why Tech must be broken up.

MS

REPLY: There are a lot of people beginning to question that Big Tech has been conspiring with this Great Reset assuming they will fall within Klaus Schwab’s Fourth Industrial Revolution so they will be fine. They will certainly make fortune from tracking devices, swapping to digital currencies where they hope to replace the banks for if you OWN nothing, you will also have no bank account and banks will no longer be lending and since governments will adopt Modern Monetary Theory, they will no longer need the banks to sell their debt since there will be none.

When we look at the major bank stocks, the ONLY one to peak with the Dow was J.P. Morgan. When we look at Deutsche Bank and HSBC, they peaked back in 2007 reflecting their problems. Goldman Sachs peaked in 2018. Behind the curtain, there is pressure not to bail out the bankers again. This is especially true in Europe. This leaves the idea of Schwab as very, very attractive, and therefore crushing the economy and forgiving all debt so you will OWN NOTHING would allow then to forgive all outstanding debt and you then just rent the place where you live. There are major holes in this theory, but those aside, this explains why Big Tech will replace the banks.

Big Tech has a lot at stake and they are censoring everything to try to push Biden into the White House so they can cash in on their chips. The mainstream media is also on board and they ever force Glen Greenwald to resign. That did not happen even with Snowden. I recommend you watch the movie Snowden to provide some background.

Oct 30 2020

Is Europe Deliberately Crushing their Economy for the Great Reset?


Armstrong Economics Blog/European Union Re-Posted Oct 30, 2020 by Martin Armstrong

COMMENT #1 (France): What the hell is going on?! This is so frustrating. I want, no, NEED someone to shed some real, unbiased light on this. Do you have some available?K

COMMENT#2 (Spain): Hi Marty,

Hope you’re ok. Jealous of you being in Florida!! (Assuming it’s still relatively sane over there.)

As you will no doubt know, Europe is heading back to total lockdown everywhere. Eastern Europe has been the worst, actually. They’ve gone totally tyrannical, ever since September.
Masks mandatory everywhere (incl. on the streets, parks, etc), cafes, restaurants, all culture, many/most shops and “non-essential” businesses now closed in most areas, and total lockdown in places like Czech Republic, Slovakia, Slovenia, etc.
There have been some small-scale demonstrations in recent weeks in Bratislava, Prague, Poland, etc – and the cops (and in some cases military) have used brutal force against the peaceful protesters (water cannons, tear gas, firing rubber bullets, etc). In Slovakia, they’ve threatened to jail people who participated, because in “state of emergency” long jail penalties can be given to anyone disobeying the rules that ban public/social gatherings, etc.

Also, Slovakia is doing mandatory “covid” testing of the entire population (except kids under 10 years of age)! It’s not technically mandatory BUT, anyone who will not have the document attesting a negative test result (which people must carry with themselves at all time in case they’re stopped by police, and also to be able to go to work or enter any shop) will be deemed “positive” and not allowed to leave home at all! So, if you don’t get tested, you’re screwed – not able to go to work, to buy anything in a store, or even to leave home because cops will be patrolling and asking for the document.

As I’ve told you some time ago… Westerners are under the illusion that people from formerly communist/totalitarian countries would resist tyranny. Well, they don’t. The VAST majority of people in all these countries are ok with all this tyranny; they think it’s for “public health” (aka for their own good), and they turn not on the tyrannical government but on the few who don’t want to obey these evil, anti-human, tyrannical mandates.

Aside of perhaps China (with their evil total monitoring, social credit score, etc etc) Slovakia is now literally right on top of the most tyrannical countries. No test, no leaving home! (And, of course, soon the “test” will be replaced by a “vaccine”, then a chip, etc – and everyone will get injected because otherwise they will have to be locked in at home and starve to death!)

Most people didn’t believe Europe would go back into lockdown… well, here we are. And it’s only October – the flu season hasn’t even properly started yet.
We’re soon going to envy those who lived under Stalin or Mao.

Depressing as hell….I don’t want to live in this sick tyrannical world.

Take care.
P

REPLY: I have friends around the world who are all writing in and becoming very concerned. Europe is intent on pushing the Great Reset, using this virus as the justification to crush the economy to force people to ACCEPT their Guaranteed Basic Income and to usher in the Great Reset. Instead of revising the system properly, they have taken the totalitarian approach to retain power. I seriously question if there will be any elections post-2024 and there is a high probability that we will see international war by 2027.

There is absolutely NO possible way these people do not know what they are doing. This is a deliberate action to use COVID-19 to crush the economy and the people into submission. If you simply look at the European share indexes, you see nothing remotely similar to the United States. They are down on average 30% for the year and they look like death warmed-over.

Oct 30 2020

Rockefeller Family Tells Banks to Stop Funding Fossil Fuels


Armstrong Economics Blog/Tyranny Re-Posted Oct 30, 2020 by Martin Armstrong

These people are absolutely insane. They think they should stop all fossil fuel produce now and leave cars stranded and eliminate any way to distribute food. I suppose they will suddenly realize that there are not enough horses and wagons to bring food to them in New York City. There is a real problem here when the Gates and Rockefeller Foundations are intent on reducing the population and eliminating democracies so they can impose their vision of the future by sheer decree. Perhaps this is a disease that comes from having too much money.

Oct 29 2020

Warsaw Protests Massive Police Invation & Arrests Against Lockdown


Armstrong Economics Blog/Civil Unrest Re-Posted Oct 29, 2020 by Martin Armstrong

Oct 29 2020

Common Theme: All Protestors are Far-Right Nazis


Armstrong Economics Blog/Italy Re-Posted Oct 29, 2020 by Martin Armstrong

The Italian press is keeping the theme that anyone who dares to protest and complain about lockdowns is a worthless far-right person who does not deserve even to live. They have turned the police against the people by claiming anyone who resists is really a criminal. This is how tyranny unfolds. They demonize anyone who resists, and we are all just to lay down all our rights. All tyrannical governments in history have routinely turned anyone in opposition is a criminal — e.g., Stalin. This is what becomes the “new norm” and why revolutions will follow. It is just standard throughout history. Only when the police refuse to follow the decrees of the government will there is a bloodless revolution.

Oct 29 2020

Berlin Protest 10-28-2020 & the Tipping Point


Armstrong Economics Blog/Civil Unrest Re-Posted Oct 28, 2020 by Martin Armstrong

19Today we had another demonstration in Berlin. This time, people remained in their cars, busses, and trucks again along the Kurfürstendamm, Berlin’s most known shopping street. All people from the event as well as the tourism industry have joined. This is the response to the officially confirmed second lockdown starting from November, 2nd. Instead of people walking and they are banning such gatherings, this time they are driving vehicles down the street.Under the new lockdown, all restaurants, bars need to close. All entertainment such as cinemas, concert halls, theatres, operas, events will be closed. The swimming centers and gyms need to close. All sport team activities are banned and any private traveling is prohibited. Hotel stays are only allowed for business trips exclusively.German Lockdown 10-28-2020Attached is the official Lockdown Order of MerkelWith so many members of the German government coming out against Merkel, such as the German Minister of Health who admitted that the lockdowns were a mistake, one must question if Merkel has not been bribed. Now the data on the COVID situation and mortality in Germany has surfaced showing that there has “apparently never been an epidemiological emergency.” Nevertheless, we have to come to the realization that this has nothing to do with protecting people.

 This appears to be intended to try to crush the economy so that the people will accept the crumbs being offered and sign on to this new world of totalitarianism promoted by the World Economic Forum and funded by Bill Gates. Big Tech are all lining up with Gates from Twitter, Facebook, and Google censoring any anti-comments about COVID-19. Destroying businesses on a wholesale basis seems to be intended to create this new world where you own nothing. They then seem to be looking at nationalizing the big ones that they also push against the wall. This is becoming one giant step forward to push Western Society into the waiting arms of Klaus Schwab. They overestimate their power and underestimate that it only takes 40% of the population to disagree and become active to overthrow a government – i.e. American and French Revolutions.At some point, the police and/or army will divide and wake up and realize that by oppressing the people just following orders as they claim at the Nuremberg Trials, they are also acting against their own families and destroying their future. That will be the tipping point.

Oct 28 2020

Riots also in Spain Against Lockdowns


Armstrong Economics Blog/Civil Unrest Re-Posted Oct 27, 2020 by Martin Armstrong

Oct 28 2020

Anti-Lockdown Protestors Are Being Called Conspiracy Theorists


Armstrong Economics Blog/Rule of Law Re-Posted Oct 28, 2020 by Martin Armstrong

The fourth anti-Lockdown protest erupted in London once again. Wikipedia, the leftist controlled pretend neutral media platform, has compiled a list of lockdown protests in the United States. They immediately characterize this as right-wing “conservatives,” which implies, I suppose, that the obedient majority are just sheep who do as they are told and question nothing. NEVER in the history of human society has the entire population ever been locked down. Those who are sick have been quarantined. This is more akin to the disgraceful imprisonment of all Japanese Americans assuming they could not be trusted based upon their ethnicity.

The exclusion order leading to the internment of Japanese Americans during World War II was held to be constitutional by the Supreme Court which is up there with Dread Scot insofar as being disgraceful decisions. Korematsu v. United States, 323 U.S. 214 (1944), was a landmark the United States Supreme Court case upholding the exclusion of Japanese Americans from the West Coast Military Area during World War II. The Supreme Court had the audacity to write:

“It should be noted, to begin with, that all legal restrictions which curtail the civil rights of a single racial group are immediately suspect. That is not to say that all such restrictions are unconstitutional.”

The Supreme Court showed that it was just supporting whatever the government desired. They wrote: “But hardships are part of war, and war is an aggregation of hardships.” That is no excuse. In the real landmark case, Marbury v Madison, US 137 (1 Cranch) 1803, the court made it clear at the very beginning: “It cannot be presumed that any clause in the Constitution is intended to be without effect.” Just three years before, the Supreme Court said: “nor was the Bill of Rights intended as a collection of popular slogans.” Bridges v California, 314 US 252, 283-284 (1941).

Justice ROBERTS dissented in Korematsu. He wrote:

I dissent, because I think the indisputable facts exhibit a clear violation of Constitutional rights. This is not a case of keeping people off the streets at night as was Kiyoshi Hirabayashi v. United States, 320 U.S. 81, 63 S.Ct. 1375, 87 L.Ed. 1774, nor a case of temporary exclusion of a citizen from an area for his own safety or that of the community, nor a case of offering him an opportunity to go temporarily out of an area where his presence might cause danger to himself or to his fellows. On the contrary, it is the case of convicting a citizen as a punishment for not submitting to imprisonment in a concentration camp, based on his ancestry, and solely because of his ancestry, without evidence or inquiry concerning his loyalty and good disposition towards the United States. If this be a correct statement of the facts disclosed by this record, and facts of which we take judicial notice, I need hardly labor the conclusion that Constitutional rights have been violated.

There is no scientific evidence that locking down the entire world economy will defeat any disease, no less this virus. This is simply an excuse for another agenda and they are counting on the media to terrorize the people. The majority of the people will remain as sheep. Anyone who dares to suggest otherwise is now just a conspiracy theorist, which is a label that allows them to not address any facts whatsoever.

Oct 28 2020

United Nations Handing over Names of Dissents to China


Armstrong Economics Blog/Corruption Re-Posted Oct 28, 2020 by Martin Armstrong

The United Nations internal ethics investigation has agreed that the U.N. Human Rights Office approved handing over the names of Uighur activists to China and the excuse really makes you wonder do they think we are just all total morons? They are handing over the names of these dissents because they were “primarily interested in good relations” with Beijing. I cannot stress enough that they are doing everything in their power to try to bring China into the climate dictatorship.

The wholesale destruction of small businesses that appear to be running around 30%+ in London, major cities in Europe, and in the blue Democratic states in the USA. Here in Florida, I would put it at about 5% or less in my area. This raises a SERIOUS question. There is no possible way cities like London or New York will survive as they have destroyed so much of their small businesses that their tax revenue will collapse. They are counting on a new future where there is no debt and they get whatever money they need to pay all bills.

We have been shown a leak from the Canadian government which we CANNOT VERIFY is real. Nonetheless, it outlines a communist takeover that follows the script put out by Klaus Schwab and his World Economic Forum. It says all your debts will be forgiven but in return, you will own nothing. They have lowered interest rates to the point that all pensions will fail. It seems that the only way these people can deal with the collapse of socialism is to move to communism. All of the mainstream media are now pushing this agenda. Just look at TIME Magazine.

I have worked with governments around the world. NEVER would they be proactive for they cannot win an election by preventing something that might happen. They have always preferred crisis and then declared they will get the guy that caused it.

Oct 28 2020

BBC Fake News in Britain – State Propaganda?


Armstrong Economics Blog/BRITAIN Re-Posted Oct 28, 2020 by Martin Armstrong