The End of Democracy?


Armstrong Economics Blog/Politics Re-Posted Sep 18, 2021 by Martin Armstrong

QUESTION: Marty, I know you reported on the Canadian bill to suspend elections during a pandemic, do you think that is in the cards going ahead?

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ANSWER: I found it shocking that they would actually introduce such legislation in the first place. But what we have to understand is that this is part of the Schwab 2030 Agenda. I do not see how they would pull that off on all levels. The model is what they created in the EU where neither the European Commission nor the President is subject to popular election. They allow people to vote for MPs but they have no power to overrule the legislation from the Commission. So is that a real democracy or even a republic in the EU? It is nothing different from China.

I also do not see how they would be able to eliminate local politicians. As long as their power is confined, then they would retain that to pretend it was still a democracy. History repeats because the passions of people have never changed. Rome overthrew its “king” in 509BC and thereafter nobody would ever have the title of king. That is also in the American Constitution. Article I. Section IX Clause VIII states clearly:

No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Now, when the Republic was overthrown and Imperial Rome began, the Emperors, not being kings in name, still created a monarchy that was inherited by their family the very same as a king. The titles on the coinage we can date BECAUSE they pretended to be elected. For example, COS XI meant he was elected consul for the 11th year in a row.

This is not my opinion nor is it some wild speculation. This is simply how history unfolds. Given such power, they will always gravitate to absolute power. For years I have shown the model that pointed to the start of a commodity boom in 2020 and that we were headed into an authoritarian period. As I have said before, growing up there were two families that were Jewish who fled to America from Germany because they saw where it was going. They told me that other Jews thought they were crazy and alarmists – today conspiracy theorists. It never returned to normal.

Also, for those who think that it was Hitler who invented forcing the Jews to wear a gold star marker, again that is history that simply repeats. Edward I (1272-1307) of England, the king of Brave Heart fame, also ordered the Jews to wear badges. He too eventually banned all Jews from England, confiscated all their wealth and lands, and anyone who had borrowed from the Jews had to repay that debt to the King.

So if you think this is all just my opinion, sorry to hear that. I suppose you will be one of the millions waiting for a return to normal like the Jews in Germany. There is no such return. Imposing COVID passports will be expanded and become PERMANENT. Just like imposing the Income Tax in 1913. Oh, we will only tax the rich and they will only have to pay 1%. By World War II, everyone was paying payroll taxes and the top tax rate hit 90% thanks to Marxism.

There will be no return to normal and history warns that the only way to restore human rights will be by violence. They will NEVER relinquish power peacefully. Sorry, all the protests will not deter them. They will lose because this system they are trying to impose is out of desperation for decades of fiscal mismanagement. But rather than reform for We the People, they have chosen the suppression of the people to retain power. NEVER in the history of the United States have we EVER seen armed fences to protect the politicians. These people will NOT simply hand back power. This in Chess is “check” which now compels the next move before it becomes checkmate unfortunately in so many countries with the USA being the least ready just yet. But this is the reality in many other countries now as we move into October.

Australian Politicians Becoming Absolutely Ruthless


Armstrong Economics Blog/Australia & Oceania Re-Posted Sep 18, 2021 by Martin Armstrong

Australia is turning into East Germany. This appears to be deliberate and the politicians are clearly using COVID to impose totalitarianism. Australia will no longer be a free state and reliable sources insist that either all future elections will be suspended, or they will be rigged which is starting to become the norm as Joseph Stalin said. It does not matter how people vote, the real power lies with those who count the votes.

The Australian police are absolutely disgusting. They have become indistinguishable from the Nazi soldiers incapable of thinking for themselves and just following orders no matter what they say. The police in Australia have shown they are the most anti-democratic force next to Venezuela. None of this inspires confidence for international investment in Australia.

Another Coded Transmission From The Rebel Alliance – Intellectual Froglegs, Patriots Awaken


Posted on the conservative tree house on September 18, 2021 | Sundance | 59 Comments

The rebellious insurgent, known as Joe Dan Gorman, has surfaced long enough to transmit another broadcast in a coded frequency only receivable by patriots with a funny-bone.  This natural filtration process ensures communists and leftists are incapable of receiving it.  The message comes from deep in the bunker of the underground network.

{Direct Rumble Link Here} – {Visit Website Here}

The dark forces of Big Tech are continually attempting to locate and block the rebellious insurgent.  Support the message HERE.

Whoopsie, Too Funny – Overzealous DC Stormtroopers Accidentally Target Undercover Fed Dressed Like Antifa Then Had to Pretend Like They Were Arresting Him


Posted originally on the conservative tree house on September 18, 2021 | Sundance | 547 Comments

First things first.  If there ever was an actual “insurrection”, a couple hundred patriots with axe handles would easily crush these out-of-shape DC riot goons dressed like teenage ninja turtles. Just sayin’…  Although, to be fair, a few of the groups did look like they just raided the costume surplus from the last Batman movie.

Today, the feds planted undercover operatives all over the DC mall in an effort to manipulate the crowd and set-up another “insurrection narrative.”  However, in a hilarious turn of events no one showed up to play.   As a result, there were more media looking for stories than actual protestors, and the DC riot police looked like knuckleheads on a scavenger hunt for Easter eggs.  Dummies.

Amid the over-the-top nonsense, the DC police did notice a suspicious man dressed in Antifa garb wearing a concealed firearm.  However, when they moved in to question him, the doofus had to admit he was an undercover federal agent and showed his badge.  That’s when things really got funny because the cops, now with a case of the sads, had to pretend like they were arresting him in order to retain appearances. It was all caught on camera.  WATCH:

Apparently, according to the Twitter, this is what happens when you throw an entrapment party and no one shows up.

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I know it might be hard to believe, but it does get funnier than the Spaceballs extras video-taped above.

FBI Briefing instructions: “Look normal, as close to “cookout party dads” as possible.  Pick up your Kohl’s gift cards at the desk on your way out.  High socks preferred for optics. Remember boys, be invisible!”  “Alex, you take point on this one.”  “Got it!”  “Hey guys, lets all look the same, so that way we will look like everybody else”…

Government issued Ray-Ban’s… √

Squared away haircuts…. √

Black socks….  √

Govt approved wristwatches…  √

Inability to blend in, and look totally stupid…. √

Wait what…  why did that guy just say we look like “prouder boys”?

Australian Freedom Fighters Battle Totalitarian Tyranny and Government COVID Lockdowns, Protestors Overwhelm Police Efforts to Beat Them


Posted originally on the conservative tree house on September 18, 2021 | Sundance | 279 Comments

Things are getting spicy in Australia, specifically the town of Richmond in the Melbourne area.  Righteous anti-lockdown protestors took to the streets against thousands of armed police and heavily geared riot squads prepared to beat them into submission and stop their march {Direct Rumble Link}.

As the government stormtroopers corralled the peacefully marching protesters into an ever smaller dead end where there were blocked in all directions, a valiant member of the resistance opened a gateway through a housing division enabling the crowd to continue amassing, assembling more supporters and continue marching.

The police then formed a battle formation in the street attempting to cordon-off the remaining roadway and block the march from continuing.  However, after a few tense minutes of standoff the protesters rushed the police and fought their way through.  Google is attempting to block this video.  WATCH:

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Fearful the nation of patriots would join in further rebellion, the Australian propaganda media were quickly called into action to defend the state regime.  The controlled media immediately began broadcasting sympathetic stories of how the police suffered injuries at the hands of the rowdy protestors who “were looking for a fight,” or so the officially recognized narrative is told.

“The police suffered broken bones and had to be transported to the hospital after they were assaulted by the angry mob,” that’s the official media statement you can see below.  However, the reality of what took place is 180° divergent from the state-run media story.  In fact, the peaceful marchers were being assaulted by the police all along their route.https://www.youtube.com/embed/XE1cj7vjuyY?feature=oembed

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A video without commentary from AFP can be watched here.

Here’s a video of the police corralling the group, just prior to a gate being opened allowing them to continue marching:

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The rebellious members of the Australian resistance movement are fighting for freedom….

….May their tribe increase !!

Biden Administration Allows Border Invasion to Continue – Massive Crisis Overwhelms Del Rio Border Sector in Texas


Posted originally on the conservative tree house on September 18, 2021 | Sundance | 351 Comments

The efforts of the Biden administration to collapse the U.S. immigration system and open the borders to unrestricted illegal alien migration are being extremely successful.  Tens of thousands of illegal border crossers are now assembled in Del Rio, Texas, hometown to the Chief of the U.S. Border Patrol, Raul Ortiz.

The issue has become so overwhelming Ortiz told Houston media, “We’ve never seen a migration population explode so quickly on the immediate border like we saw over the last 72 hours.”  Approximately 13,000 illegal aliens are now encamped underneath the overpass of the international bridge connecting Del Rio, Texas, to Ciudad Acuña in the Mexican state of Coahuila.

Among the invasion forces are massive numbers of Haitians, thousands of them, who previously fled their homeland to South and Central American countries like Brazil and Columbia. After gaining visas to South America they work their way through Panama, Central America and into Mexico where they take organized buses from left-wing open border aid groups and eventually taxi cabs to Del Rio where they walk across the Rio Grande unimpeded.

The Obama administration previously began supporting this network of travel in 2012 during the “unaccompanied alien children” crisis.  However, currently the same system is working in overdrive, because the Obama crew has installed Joe Biden as a disposable figure to facilitate the fundamental change Obama failed to achieve when he was restricted by political backlash.

In the 2021 version of Obama’s operation, the invasion force is no longer limited to children or teenage central American gang members. Now we see entire families of economic migrants, and those who know the U.S. taxpayer will be forced to fund their life in the U.S, flooding the border in extreme numbers.

The scale of the movement is so extreme, the cartels in Mexico have even stopped trying to catch, tax and charge the travelers for passage. The Mexican drug cartels are incapable of blocking the flow of the migrants as they flow like ants around the villages and towns where the cartel checkpoints were set up. Additionally, most Mexican nationals and the Mexican military do not want to block the flow because they know the sheer size of these groups will cost them billions to support.

In an effort to stop the larger American people from seeing what is taking place, the Biden administration closed the Del Rio border bridge on Friday. Any legal passage into this region, including valid Mexican workers with permits, now have to drive an hour away to Eagle Pass, Texas, to cross in or out of the U.S. This is making the situation in Del Rio even worse, as the legal workforce for sustainable social and economic infrastructure can no longer get to work.

According to one report, shared by Latino for Trump founder Bianca Gracia (via Steve Bannon’s broadcast), customs and border patrol officers are now moving their families away from Del Rio, Texas, because the entire region is being overrun with a mix of desperate people from the third-world and is no longer safe.

This situation would appear to be the motive for USBP Chief Raul Ortiz to leave his Washington DC office and rush back to his hometown to evaluate the scale of the crisis.  “From my perspective, we need to do everything we can to manage the safety and security of the migrants, the community and of course our agents,” Ortiz said.

The invasion force has resulted in a bottleneck of approximately 13,000 people, as the Biden administration cannot distribute them further inland as fast as they are arriving.  The Del Rio encampment population is expected to double in the next 24 to 48 hours.

CTH has tracked this issue so closely through the years, it often feels futile.  There is no greater disconnect from ordinary Americans on any singular issue than the policy positions of Democrats and Republicans in Washington DC surrounding illegal immigration.

Massive illegal immigration is supported by both sides of the professional political machine. There are few issues more unifying for the K-Street purchased voices of DC politicians than keeping the U.S. borders open and the influx of illegal aliens as high as possible. The U.S. Chamber of Commerce pays politicians to keep this system in place.

All Democrats, and most Republicans, support mass immigration. Almost no DC politicians want to take action on any policy or legislation that stops the influx. There are billions at stake. None of the GOP leadership want to actually stop illegal immigration; it’s a lucrative business, and almost all of the CONservative groups and politicians lie about it.

Example: Glenn Beck was about to go bankrupt because his failed media empire was collapsing around him.  What did he do?  He shifted the financial mechanism underneath him to a process of joining the charitable business-end of illegal immigration.   Beck’s “charity” Mercury-One, now openly fundraises under the faith-based auspices of saving people from hardship around the world, “It’s what good Christians do”.  With a name like “The Nazarene fund“, if you question it, you’re a racist.

In the bigger picture, “Faith Based Immigration Services” is a code-speak for legalized human smuggling.

(Lutheran Immigration – Grant Link)

Human smuggling is big business. If you dig into the IRS 990 forms, you’ll see a lot of, well, “generous” wage/benefit perks.  Golf, florists, cafes, mysterious leases, land purchases, third party mortgages, $$$ spouses on the payroll, etc.

So, when you’ve got each individual immigration business making multi-hundreds of millions; and politicians getting kick-backs (lobbyists); and bribes to Mexican government officials; and payments to smugglers; who do you think actually wants the business to stop?

(Data For Catholic Bishops – FY 2018)

The “faith-based” crew (Ted Cruz, Glenn Beck, etc.) don’t want it to stop, because facilitating illegal alien import is now the financial bread and butter amid groups in their base of support. The man/woman in the pew might not know; but the corporation minister, preacher or priest (inside the process) surely does.

The Wall Street, big GOPe, U.S. Chamber of Commerce crew doesn’t want it to stop, because they benefit from it (cheap labor), and the taxpayers -not them- are the ones funding it.

(Baptist Child and Family Services – BCFS – FY 2018)

Sad thing is, it’s you and me that are paying the South/Central American human smugglers through U.S. taxpayer funds. Funds laundered through the immigration business bagmen at U.S. Conference of Catholic Bishops, and/or, U.S. Catholic Charities, or Southwest Key Programs Inc; or Baptist Child and Family Services Emergency Management Division (BCFS-EMD)… just to name a few.

These immigration groups get *MASSIVE* HHS grants and then pay-off the DC politicians and human smugglers, including MS13. Billions of dollars are spent, and the business has exploded in the past six years.

It’s a vicious cycle. Trafficked children are more valuable than adults, because the organizations involved get more funding for a child than an adult. Each illegal alien child is worth about $56,000 in grant money. The system is full of fraud.

From our prior research approximately 65% of the money they get is spent on executive pay and benefits, opaque administrative payrolls, bribes, kick-backs to DC politicians and payoffs to the South American smugglers who bring them more immigrants.

As best it can be determined, approximately 35% ($19,000) is spent on the alien/immigrant child; maybe. It gets sketchy deep in their accounting.

I dislike all of them…. immensely.  In the wake of their financially lucrative immigration outcomes, you will find nothing except human misery.

Arizona Audit Update, Maricopa County and State Senate Enter Agreement – Wendy Rogers Confirms Audit Report and Hearing for Friday September 24th


Posted originally on the conservative tree house September 17, 2021 | Sundance | 115 Comments

Some interesting developments in the ongoing Arizona Senate audit of the dubious Maricopa County election outcome.  First, Arizona Senate President Karen Fann notes an agreement between the Senate and Maricopa County for information still outstanding.  According to President Fann:

HUGE win for the Az Senate today! Maricopa settlement gives us all the data needed to complete the review of the routers & splunk log to the most comprehensive election audit in history. We got everything we need and more. Maricopa County goes home with its tail between its legs” ~ Karen Fann (graphic source link):

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Additionally, Arizona Senator Wendy Rogers announced earlier the results from the Maricopa audit will be released and discussed during a Senate hearing scheduled for Friday September 24th. {Direct Rumble Link} – Video Below:

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CENTCOM Commander General McKenzie Calls Drone Strike Killing 10 Innocents in Kabul, a Tragic Mistake – The Signals Intelligence Was Wrong


Posted originally on the conservative tree house on September 17, 2021 | Sundance | 165 Comments

Earlier today, General Kenneth Franklin McKenzie Jr. admitted a claimed U.S. drone strike against the ever evolving and mysterious ISIS-K, actually killed 7 children and three innocent adult civilians. General McKenzie calls it a “tragic mistake.” Four days after the August 29th strike Gen. Mark Milley, chairman of the Joint Chiefs of Staff, called the strike “righteous.”

General McKenzi says he takes “full responsibility”, yet he retains his position.   No one is being held to account. No one at the Pentagon is facing discipline. Both McKenzie and Milley claim it was solid intelligence that led them to watch, follow, and eventually target and kill Zemari Ahmadi, an Afghan relief worker who arrived home. The missile struck his vehicle as his children ran out to welcome daddy home from work, killing all occupants in the car and those in the vicinity.

As noted by Politico, “The command now assesses that “it is unlikely” the man and vehicle targeted was affiliated with ISIS-K, the Afghanistan branch of ISIS, or “a direct threat to U.S. forces,” Gen. Frank McKenzie, head of U.S. Central Command told reporters Friday.”

Many people suspect part of the “intelligence” they used was a tip from their Taliban “partners” at the time.  Ten people killed, including three children.

The other aspect to this situation that raises MASSIVE alarm bells is McZenzie emphasizing this strike was the result of overwhelming “signals intelligence” or SIGINT.   Remember, the Intelligence Apparatus, writ large, is part of Team-1, and aligned with the State Department.  The White House and Pentagon are part of Team-2.  At the time this took place, there was a severe battle to avoid accountability between both teams.

Two Questions:

First – Was the signals intelligence provided by Team-1, purposefully wrong in order to set up the Pentagon (Team-2) with a major crisis, and as a result, put more of the Afghanistan blame on the DoD and White House?

Second – Did the evidence of that erroneous targeting then arrive at the New York Times after an assist by the background operators of Team-1 to get it to them?

Think about it.

♦ TEAM One – The Department of State is aligned with the CIA.  Their media PR firms are CNN, CNNi and the Washington Post. Their ideology is favorable to the United Nations.  Their internal corruption is generally driven by relationship with foreign actors.  References: Hillary Clinton, Clinton Global Initiative, John McCain, Qatar, Muslim Brotherhood, Samantha Powers, Susan Rice, Cass Sunstein, Brookings Institute, Lawfare, China-centric, Senate Foreign Relations Committee, Senate Intel Committee, Council on Foreign Relations.

♦ TEAM Two – The White House is aligned with the Pentagon (DoD) and National Security Council (NSC).  Their media PR firms are domestic in nature. New York Times, Politico, etc.  Their internal corruption is generally driven by domestic influence.  References: Barack Obama, George Bush, Wall St, Big Banks, Multinational Corporations, Defense Contractors, FBI (state police), Judicial Branch, and community activists writ large.

[Presidential elections only affect Team Two (nationalism -v- globalism).  In the modern era, Team One is independent.]

Both teams were responsible for the Afghanistan mess.  However, in the aftermath of the mess; and with the situation in/around Kabul gaining massive attention, each team is positioning to avoid scrutiny.  Scrutiny on either team runs the risk of identifying massive institutional corruption; so the objective is to push the spotlight onto the other team.

State Dept. blames White House/Pentagon…. Pentagon/White House looking to avoid sunlight.

Did the DoS/CIA set up the White House and DoD using their knowledge of relief worker Zemari Ahmadi and his family as useful collateral damage?

Will the Gov’t Close all Markets?


Armstrong Economics Blog/Forecasts Re-Posted Sep 17, 2021 by Martin Armstrong

QUESTION: Marty, the government closed the New York Stock exchange in 1914 due to World War I. Do you think they will do that again?

Looking forward to Orlando

WH

ANSWER: The closure of 1914 was not the only time they shut down markets. Even the London market was shut down during war. On June 17, 1864, Congress responded to the wild speculation and simply prohibited buying or selling gold for future delivery to stop the speculation driven by each battle. The penalty was now imprisonment, a heavy fine, or of course, both. The only exception was a gold transaction in a private office. Yet, it was clearly aimed at closing and any minor gold exchanges. Nonetheless, the government simply could not stop the speculation of gold.

Gold advanced from $190 to about $280. Therefore, the Gold Act of 1864 (13 Stat. 132), which passed with little debate on June 17, 1864, only confirmed that the dollar was in trouble and it tumbled against the British pound driving its value to $9.97 per pound sterling.

There is a risk that the FREE MARKETS may be shut down as we approach 2027. There are Panic Cycles in politics both in 2022 and 2024. These people behind the Great Reset will NOT tolerate a free market when it comes to the Euro. You must understand that the crack in the Euro is a debating political factor in Europe which is entirely different from that of what you see in the dollar. Since World War II, Europ[ean politicians have used the strength of their currency as confirmation that they have done a good job. No American president could run to say the dollar is up against Canada and Mexico which proves I have done a great job. He would be laughed at as nuts.

The Euro saved the crisis of debt in Europe kicking the can down the road. But that road comes to an end by 2024. You have to understand that these people are fighting to retain power in the middle of their house of cards collapsing. COVID passes are all about control – not health. Slovenia denying the right to buy gasoline if you have not been vaccinated? We are confronted by a collapse in socialism and this is the real crisis – not health or climate change. Those are cover stories to alter the entire economy because the collapse would mean revolution. They are trying desperately to head off a revolution – hence unvaccinated no gasoline.

This year’s WEC will be interesting for we have to look at not just markets and where to put money and where to live, but then how to save money when the cards come tumbling down.

Have Central Banks Crossed the Line into Tyranny?


Armstrong Economics Blog/Banking Crisis Re-Posted Sep 17, 2021 by Martin Armstrong

With all the conspiracy theories that somehow the bankers are the real culprits in creating excess money supply, there has been an evolution in central banks that has finally crossed the line since 2019. The Federal Reserve was, once upon a time, responsible. The Fed was originally designed as an authority to create money, which was an elastic money supply. That made perfect sense when the Fed was designed in 1913.

Yes, the bankers owned the shares BECAUSE the Fed was actually designed to do what JP Morgan did in herding the bankers together to save the day during the Panic of 1907. Morgan convinced the bankers that if they did not chip in money to bail out the troubled banks, panic would unfold, and ALL the banks would be hit as a contagion. They listened and joined his effort to stem the Panic of 1907. The design of the Fed was to recreate what JP Morgan put together. The shareholders were the bankers because it was a bail-out fund for the bankers, and TAXPAYER money should not be used to bail out the bankers.

Democrat President Woodrow Wilson signed the 1913 Act, creating the Federal Reserve as well as the income tax. Wilson signed the Revenue Act of 1913, which lowered average tariff rates from 40 percent to 26 percent. It also established a one percent tax on income above $3,000 per year; the tax affected approximately three percent of the population. The Federal Reserve, as designed, was independent, and thus there was the Fed policy v fiscal policy set by Congress.

The elastic money was a brilliant idea where the Fed would buy-in corporate paper to provide lending of the last resort when the bankers could not lend due to the hoarding of cash in a crisis. The corporate paper was typically 90 days. When World War I came, Congress ordered the Fed to buy its paper because they would need to issue a lot of debt. They never returned the Fed to its original design to “stimulate” the economy by directly purchasing corporate paper to prevent companies from laying off employees. Therefore, the structural alteration of the Federal Reserve for World War I transformed the theory of Quantitative Easing into an INDIRECT stimulus rather than DIRECT. When the Fed bought only corporate paper, it directly stimulated the economy. When it was instructed only to buy only government paper, which the government NEVER pays off, any idea of the stimulus was wiped out, for at best, it became INDIRECT.

Then Roosevelt came, and he wanted to control everything. He seized the Federal Reserve and took the power of all the branches, and consolidated it into Washington. Section 203 of the Banking Act of 1935 changed the name of the “Federal Reserve Board” to the “Board of Governors of the Federal Reserve System.” Roosevelt’s Banking Act of 1935 also made major structural changes increasing the number of members of the Board appointed by the president from six to seven to ensure he now controlled the Fed. He created for himself the authority to designate one of the persons appointed as “chairman” of the Board and one as “vice-chairman” of the Board, each to serve in such role for a term of four years.

As I have explained in “Manipulating the World Economy,” there was a huge confrontation between the Federal Reserve and the White House. The Fed was directed during World War II to maintain par on US government bonds to fund the war. The Fed was ordered to engage in what we call Quantitative Easing. Then the Korean War came, and the Fed rebelled. They refused to continue to engage in Quantitative Easing. The Fed asserted its original independence over politics.

Politics began to creep back in during the Financial Crisis of 1998. The Federal Reserve then stepped in to bail out Long-Term Capital Management in 1998, a failed hedge fund, because if it did not, it would have taken down Goldman Sachs. So instead of allowing that, the Fed bailed out the hedge fund when they really had no authority to do so. That abuse of power led the Fed to then support the bankers who were engaged in manipulating markets to create guaranteed trades. The bankers warned if they failed, then the government would be broke for it was the bankers who bought the new debt and resold it.

Then the Financial Crisis of 2007-2009 took place when the bankers got AIG to guarantee their dodgy mortgage-backed securities. When that all collapsed, the Federal Reserve again bailed out AIG, an insurance company that was operating from London, instead of the US banks. They claimed they did not have the authority to bail out Bear Stearns and Lehman Brothers, which were competitors of Goldman Sachs and investment banks. But they apparently had the authority to bail out an insurance company in London, which again saved Goldman Sachs. I believe they deliberately let two of the 5 investment banks fail to help Goldman Sachs rise to the top.

Now, the automated clearinghouse (ACH) system is changing to allow direct deposits from non-banks – i.e. Big Tech in repayment for censorship. On December 23, 2019, the Board approved modifications to the Federal Reserve Banks’ National Settlement Service and Fedwire Funds Service to support enhancements to the same-day ACH service preparing for digital currencies. On September 25, 2020, the Board amended the implementation date for certain modifications. They are preparing for a digital currency, but this means two things.

By this Fed expansion, they are planning for the long-term for the elimination of public debt, in which case there will no longer be primary dealer banks, and hence no need to bail out the banks when they blow up on trading, assuming they will still be allowed to trade in the future.

Once the Fed moves to create its own digital currency, it is no longer the independent entity it was once supposed to be. Welcome to the new 21st century of a hybrid central bank, end of primary dealers, and the elimination of government debt. All for your security, so you do not revolt when the government system collapses.