Tag Archives: Bill Gates

Feb 17 2023

What is Really the Foundation of Money?


Armstrong Economics Blog/America’s Economic History Re-Posted Feb 17, 2023 by Martin Armstrong

COMMENT: Martin,
After several years of reading your blog, I have concluded that Socrates’ prognostications appear to be spot on. I also share your assertion that a study of history supplies an insight into future events due to the constancy of “human nature.” Where we appear to part ways is in the definition of “money.”

In the early 20th century J. P. Morgan said: “Gold is money; everything else [used as currency] is credit.” Hence, paper money, (and digital entries in an electronic ledger) when issued by a monopolist i.e. government, inevitably descends to its intrinsic value: zero.

AN

ANSWER: Human society has recorded our monetary history and you should not confuse irresponsible government with what is really money. I have a great deal of Respect for J.P. Morgan. If you asked the question of what is money in a Babylonian, it would be a silver shekel. Even the Bible spoke of weighing the silver and how Judas sold out Christ for a handful of silver coins. To a Greek from Anatolya (Turkey), he would have said it is a stater. To an Athenian, he would say a drachma. A Roman would have replied a denarius. But when Rome was first forming, money had been cattle which became thereafter bronze. Indeed, if you had asked before all of them, a Minoan, would have it was bronze. Money has been many things including sea shells, and cattle.

A Spanish during the 15th century would have said it was a one-ounce silver reale. The German would have said no – it’s the silver thaler. The British would disagree and said it was the pound sterling (.925 silver). The Americans, not wanting to be subservient to England, adopted the dollar, which was a version of the German thaler. In Asia, it was the cash, then the yen.

Saint Patrick in the 5th Century AD upon his arrival in Ireland, found that MONEY was expressed in human slave girls. He wrote in his Confession, “I think that I have given away to them no less than the price of fifteen humans.” This passage shows something very important. First, MONEY is not defined as the Medium of Exchange exclusively. It also serves the purpose of a Unit of Account. In fact, this becomes the true function of MONEY even more so than what it is. MONEY is a language of value.

Many of the major bankers, kings, and heads of companies were ancient coin collectors including President Teddy Roosevelt. JP Morgan understood banking and credit – but not money. This was a Syracuse Dekadrachm of Dionysios I (405-367BC) was one of the coins from his collection that was eventually sold by the coin firm Stacks of New York in September 1983.  You can download that catalog. People like Josiah K. Lilly Jr. and Paul A. Straub donated their collections to the Smithsonian.

Teddy Roosevelt (1858-1919) loved the high relief of ancient Greek coins. When Teddy Roosevelt became president on September 14, 1901 – March 4, 1909, he commissioned the artist Augustus Saint-Gaudens (1848 –1907)  to redesign the $20 gold coin and made it high relief as the ancient coins had been struck. The machines could not handle the high relief for the dies would break and they lacked the power of an individual stamping out coins. Thus, the new $20 gold coins had to be reduced in their relief. Nevertheless, we have ancient coins to thank for the limitation on the confiscation of gold in 1934. It was that very reason that his cousin FDR exempted ancient gold coins from confiscation when FDR was himself a stamp collector instead.

I would say the problem here is the definition of money and what predates coinage was the development of a weight standard to enable trade. That invention of weighing technology appears to emerge around 3100 to 3000 BC. This was the most significant turning point in monetary history for it marked the beginning of economic history itself.

It was private merchants during the Bronze Age that created the weight systems. Trade took place through informal networks, but it was clearly Mesopotamian merchants who established a standardized system of weights that later spread across the Western region and into Europe. This innovation enabled international trade across the continent. By the second millennium BC, merchants could potentially trade anywhere in Western Eurasia simply by knowing the conversion factors of a multitude of local weight units. What was emerging was the formation of weight systems that was the foundation for the booming commercial interaction of the Bronze Age world.

From the very beginning, MONEY has been a commodity – nothing more. It simply began a barter. I will give you these carrots for potatoes.  When the Lydian King Kroisos (561-546BC) created the first bimetal monetary system, a gold stater was about 10.71 grams and the silver-gold ratio was 13.33:1 because gold was common in the Turkey. The inflation caused by war led to a gold weight reduction to 8.71 grams.  Fiscal mismanagement existed from the very beginning. This would have been no different than FDR revaluing gold in 1934 from $20.67 to $35 per ounce.

There were competing standards from the very beginning. The Lydian/ Milesian standard began with an electrum stater at 14.2 grams. The stater as minted under the Euboic Standard was 17.2 grams of electrum. There was the Phokaic Standard placing the electrum stater at 16.1 grams. Obviously, foreign exchange dealers became necessary for international trade among the city states.

I can find no evidence of a single standard that dominates the nations at this time. By 530BC, the invention of coins spreads to Greece and now the first city state begins to strike a silver stater at 12.6 grams – the Isle of Aigina. In Greece, silver was common and gold was rare.

In Athens they established the Attic Standard based on a silver didrachm (2 drachms) of 8.6 grams, but as inflation emerged, the standard coin became the tetradrachms (4 drachms) at 17.2 grams. So you can see there may have been gold and silver used as MONEY, but by no means was there a unified standard agreement as to weight. In Corinth, they set their stater at 8.5 grams and divided it into three drachms. Standardization comes only with conquest as was the case with Napoleon. Athens dominated many city states and in 449BC issued its famous enigmatic “Coinage Decree” promulgated by Perikles that restricted other city states from striking coins making their coins a single currency. Perhaps it was just a power play. On the other hand, it was most likely just the profit earned over the raw metal cost known as seigniorage. In other words, the coins once minted purchased more in goods than the raw metal.

China did not use gold. They had a silver standard. The West had to create silver trade dollars set to their weight standard, which was heavier than the standard United States silver dollar. There have been different monetary systems throughout world history. They have not all been based on precious metals. What it always boils down to is the capacity of the people to produce. There are plenty of places with natural resources and the countries are barely even 3rd world. China, German, and Japan rose from the ashes without gold. Their people produced and they rose to the top of the list of economies despite others having gold.

The bottom line has always been that the wealth of a nation is nothing more than they total productivity of its people.

Feb 17 2023

Norfolk Southern Says they “Accidentally” Asked East Palestine Residents to Sign Legal Waivers as Condition of Contamination Tests


Posted originally on the CTH on February 16, 2023 | Sundance

When Ohio Senator JD Vance was briefing the press earlier today, he was asked about East Palestine residents being required to sign indemnity waivers, releasing Norfolk Southern Railway from legal liability, as a requirement of having their water/air tests conducted on their property.

Senator Vance said he talked to a resident about it, then reviewed the contract and confirmed the indemnity demand.  Vance then immediately called Norfolk Southern Railroad officials and asked them about it.  According to Vance, the response from Norfolk Southern Railway was that the liability waiver was accidentally presented.  WATCH (@24:54 Prompted):

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Does anyone really believe the contingency waivers were “accidentally” presented to the residents?

Feb 17 2023

From Constructed Sound Stage, Joe Biden Says U.S. Military Shot Down Balloons Belonging to “private companies, recreation, and research institutions”…


Posted originally on the CTH on February 16, 2023 | Sundance

Apparently almost every media outlet buried the lead. According to analysis from combined intelligence operations of the U.S government, last week the Biden administration ordered U.S. military fighter jets to launch missiles and shoot down of what is now believed to be “balloons belonging to private companies, recreation, or research institutions.”  WATCH (w/ transcript below):

[Transcript] – THE PRESIDENT: Good afternoon. Last week, in the immediate aftermath of the incursion by China’s high-altitude balloon, our military, through the North American Aerospace Defense Command — so-called NOR- — NORAD — closely scrutinized the — our airspace, including enhancing our radar to pick up more slow-moving objects above our country and around the world.

In doing so, they tracked three unidentified objects: one in Alaska, Canada, and over Lake Huron in the Midwest.

They acted in accordance with established parameters for determining how to deal with unidentified aerial objects in U.S. airspace.

At their recommendation, I gave the order to take down these three objects due to hazards to civilian commercial air traffic and because we could not rule out the surveillance risk of sensitive facilities.

We acted in consultation with the Canadian government. I spoke personally with Prime Minister Trudeau and Ca- — from Canada on Saturday.

And just as critically, we acted out of an abundance of caution and at an opportunity that allowed us to take down these — these objects safely.

Our military and the Canadian military are seeking to recover the debris so we can learn more about these three objects. Our intelligence community is still assessing all three incidences. They’re reporting to me daily and will continue their urgent efforts to do so, and I will communicate that to the Congress.

We don’t yet know exactly what these three objects were. But nothing — nothing right now suggests they were related to China’s spy balloon program or that they were surveillance vehicles from other — any other country.

The intelligence community’s current assessment is that these three objects were most likely balloons tied to private companies, recreation, or research institutions studying weather or conducting other scientific research.

When I came into office, I instructed our intelligence community to take a broad look at the phenomenon of unidentified aerial objects.

We know that a range of entities, including countries, companies, and research organizations operate objects at altitudes for purposes that are not nefarious, including legitimate scientific research.

I want to be clear: We don’t have any evidence that there has been a sudden increase in the number of objects in the sky. We’re now just seeing more of them, partially because the steps we’ve taken to increase our radars — to narrow our radars. And we have to keep adapting our approach to delaying — to dealing with these challenges.

That’s why I’ve directed my team to come back to me with sharper rules for how we will deal with these unidentified objects moving forward, distinguishing — distinguishing between those that are likely to pose safety and security risks that necessitate action and those that do not.

But make no mistake, if any object presents a threat to the safety and security of the American people, I will take it down. I’ll be sharing with Congress these classified policy parameters when they’re completed, and they’ll remain classified so we don’t give our roadmap to our enemies to try to evade our defenses.

Going forward, these parameters will guide what actions we will take while responding to unmanned and unidentified aerial objects. We’re going to keep adapting them as the challenges evolve, if it evolves.

In addition, we’ve derived — I’ve directly my National Security Advisor to lead a government-wide effort to make sure we are positioned to deal safely and effectively with the objects in our airspace.

First, we will establish a better inventory of unmanned airborne objects in space — above the United States’ airspace and make sure that inventory is accessible and up to date.

Second, we’ll implement further measures to improve our capacity to detect unmanned objecti- — objects in our airspace.

Third, we’ll update the rules and regulations for launching and maintaining unmanned objects in the skies above the United States of America.

And fourth, my Secretary of State will lead an effort to help establish a global — a globa- — a common global norms in this largely unregulated space.

These steps will lead to safer and more secure skies for our air travelers, our military, our scientists, and for people on the ground as well. That’s my job as your President and Commander-in-Chief.

As the events of the previous days have shown, we’ll always act to protect the interest of the American people and the security of the American people.

Since I came into office, we’ve developed the ability to identify, track, and study high-altitude surveillance balloons connected with the Chinese military.

When one of these high-altitude surveillance balloons entered our airspace over the continental United States earlier in the month, I gave the order to shoot it down as soon as it would be safe to do so. The military advised against shooting it down over land because of the sheer size of it. It was the size of multiple school busses, and it posed a risk to people on the ground if it was shot down where people lived.

Instead, we tracked it closely, we analyzed its capabilities, and we learned more about how it operates.

And because we knew its path, we were able to protect sensitive sites against collection.

We waited until it was safely over water, which would not only protect civilians but also enable us to recover substantial components for further analys- — for further analytics.

And then we shot it down, sending a clear message — clear message: The violation of our sovereignty is unacceptable.

We will act to protect our country, and we did.

Now, this past Friday, we put restrictions on six firms that directly support the People’s Republic Liberation Army — the People’s Lib- — the People’s Liberation Army aerospace program that includes airships and balloons, denying them access to U.S. technology.

We briefed our diplomatic partners and our allies around the world, and we know about China’s program and where their balloons have flown.

Some of them have also raised their concerns directly with China. Our exports [experts] have lifted components of the Chinese balloon’s payload off the ocean floor. We’re analyzing them as I speak, and what we learn will strengthen our capabilities.

Now, we’ll also continue to engage with China, as we have throughout the past two weeks. As I’ve said since the beginning of my administration, we seek competition, not conflict, with China. We’re not looking for a new Cold War.

But I make no apologize — I make no apologies, and we will compete. And we’ll be res- — we’ll responsibly manage that competition so that it doesn’t veer into conflict.

This episode underscores the importance of maintaining open lines of communication between our diplomats and our military professionals. Our diplomats will be engaging further, and I will remain in communication with President Xi.

I’m grateful for the work over the last several weeks of our intelligence, diplomatic, and military professionals who have proved once again to be the most capable in the world. And I want to thank you all.

Now, look, the other thing I want to point is that we are going to keep our allies and the Congress contemporaneously informed of all we know and all we learn. And I expect to be speaking with President Xi, and I hope we have a — we are going to get to the bottom of this. But I make no apologies for taking down that balloon.

Thank you very much.

(Cross-talk by reporters.)

Q Mr. President, why did you wait so long to address the public on this matter, Mr. President?

Q Sir, there’s been a criticism — there’s been criticism of this —

Q When are you speaking to President Xi, Mr. President?

Q Is this deal with China compromised by your family’s business relationships in China, President Biden?

THE PRESIDENT: Give me a break, man. (Laughs.) (Inaudible.)

Q Sir — Mr. President — Mr. President, there’s been criticism —

Q Did you overreact?

Q — Mr. President, there’s been criticism that this was an overreaction that was done because of political pressure —

(Cross-talk by reporters.)

THE PRESIDENT: I can’t —

Q Is your son still (inaudible) —

THE PRESIDENT: You can come to my office and ask the question when you have more polite people (inaudible).

[Transcript Link]

Feb 17 2023

Senator John Fetterman Checks into Walter Reed Medical Center for Treatment of Clinical Depression


Posted originally on the CTH on February 16, 2023 | Sundance

The people who are behind Senator John Fetterman, those same who knew the severity of his condition after suffering a stroke last year, now present as sick, twisted and lusting for political influence.  Those are the toxic people who created this crisis; unfortunately, this seems to include Mr Fetterman’s wife.

WASHINGTON, D.C. (WHTM) – Pennsylvania U.S. Senator John Fetterman has checked himself into Walter Reed National Military Medical Center to receive treatment for clinical depression, according to Chief of Staff Adam Jentleson.

“While John has experienced depression off and on throughout his life, it only became severe in recent weeks,” said Jentleson.

Fetterman is receiving inpatient care and is receiving treatment on a voluntary basis, according to his office.

“After examining John, the doctors at Walter Reed told us that John is getting the care he needs, and will soon be back to himself.”  

Fetterman’s wife Gisele released a statement on Twitter Thursday afternoon saying she is proud of her husband and asked for privacy.

“After what he’s been through in the past year, there’s probably no one who wanted to talk about his own health less than John. I’m so proud of him for asking for help and getting the care he needs. This is a difficult time for our family, so please respect our privacy. (read more)

Heavenly Father, please protect those who are battling the inner demons of depression, loneliness, unworthiness, and hopelessness; the darkness of deceit is heavy upon them.

Lord God, creator of life and light, shine Your warmth upon Senator John Fetterman and those he loves.  Guide them to reject the whispers that come from within the shadows of evil and place the affirmation of Your unrelenting mercy upon them. 

Despite rejection, guide us through the inspiration of Your grace to find strength, purpose and power in our prayer for the Fetterman family.  We beg You to shield the hearts of the vulnerable and pull them closer to Your wings of protection.   

For all that is merciful, pure and true in Your name, we pray.

~ Amen.

Feb 17 2023

Ron DeSantis Wins the Coveted George Soros Endorsement – Describing DeSantis as “Shrewd, Ruthless and Ambitious”…


Posted originally on the CTH on February 16, 2023 | Sundance

Saying that DeSantis “is shrewd, ruthless, and ambitious”, George Soros delivers an endorsement of the Florida governor adding, “He is likely to be the Republican candidate.”

When billionaire leftist and creepy globalist George Soros is complimenting your personality attributes, you just might be doing the whole Republican presidential candidate thing wrong. Just sayin’.

WASHINGTON DC – In a wide-ranging speech, Soros ripped Trump’s presidency and complemented elements of DeSantis’s style.  “DeSantis is shrewd, ruthless, and ambitious,” said Soros, adding, “He is likely to be the Republican candidate.”

Trump, on the other hand, “has turned into a pitiful figure continually bemoaning his loss in 2020. Big Republican donors are abandoning him in droves,” he said.

Soros, an international financier and philanthropist, typically dumps millions of dollars into political races and committees. He heads a global liberal network of groups pushing climate change, financial reform, and changes to the criminal system.  He recently teamed with Charles Koch and the Rockefeller Brothers Fund to revive the Iran nuclear deal, according to reports. (read more)

This might be problematic.  In addition to DeSantis supporters needing to defend the unlimited Ukraine grift, and the value of eating bugs as a conservative lifestyle, now they have to spin an endorsement of ruthless ambition by Darth Soros.  Eh, sucks to be them.

George Soros never complimented Donald Trump.

Feb 17 2023

Ohio Senator JD Vance Press Conference from East Palestine Following Toxic Chemical Crisis


Posted originally on the CTH on February 16, 2023 | Sundance 

Ohio Senator JD Vance is visiting East Palestine today, meeting with residents, local leaders, as well as state and federal officials following the Norfolk Southern train derailment and subsequent toxic chemical release.  Video prompted to 10:37 when press conference begins. WATCH:

Additionally, Senator Vance showed an example of chemicals in a creek in the affected area (video below).

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Feb 17 2023

Lawfare Continues – Portions of Atlanta “Special Grand Jury” Report on 2020 Election Released


Posted originally on the CTH on February 16, 2023 | Sundance 

In May of 2022 Fulton County District Attorney Fani Willis assembled what is called a “special grand jury” to review claims that President Donald Trump attempted to coerce Georgia Secretary of State Brad Raffensperger to find votes and assist him in winning the November 2020 election.

The “special grand jury” exists outside the traditional justice system and as an outcome cannot produce indictments.  It was assembled, for all intents and purposes, as a quasi-grand jury with the intent on creating a continual political effort through a process best described as lawfare.

Essentially, the “special grand jury” is a panel of 26 selected Fulton County, GA, citizens to give an opinion as to whether District Attorney Willis should move toward holding Trump era officials accountable for unlawful election interference. The ‘special grand jury‘ provided the media with feeder material to maintain a narrative; they also heard testimony from 75 witnesses.  However, President Trump was never subpoenaed by this ‘special grand jury.’

Because the ‘special grand jury‘ is not necessarily subject to the same rules that apply to normal grand jury proceedings, which strictly forbid any traditional grand jury activity from public release (4th and 5th U.S. Amendment issue), Fulton County Judge Robert McBurney said parts of the narrative from the ‘special grand jury‘ assembly could be released to the public.

The excerpt of the ‘special grand jury‘ that was released did not assert any legal issue with the baseline for their formation, meaning no substantive finding of election interference. However, as you are likely aware, ‘lawfare’ focuses on the process side – and the strategy is to find unlawful activity within the process of a target defending himself/herself from the targeting itself.

To that end, the ‘special grand jury’ suspects that some of the witnesses who testified afore them may have lacked candor in their testimony.  The potential for perjury in front of the ‘special grand jury‘ now becomes the issue of focus.

(GEORGIA) – […] “A majority of the grand jury believes that perjury may have been committed by one or more witnesses testifying before it,” the grand jury wrote in the report. “The Grand Jury recommends that the District Attorney seek appropriate indictments for such crimes where the evidence is compelling.”

The report does not list any names of those who grand jury members believe may have committed perjury.

Separately, the grand jury also found “by a unanimous vote that no widespread fraud took place in the Georgia 2020 presidential election that could result in overturning that election.”

Outside of this, in the few paragraphs that were released of the report’s introduction, conclusion, and section on perjury, there were no details revealed regarding whether or not the grand jury recommended changes for anyone related to efforts to overturn the election.

The report does not name any potential targets for indictment, nor does it offer any rationale for its allegations of perjury. It does not mention Trump by name, nor any of the 75 witnesses interviewed as part of their probe. (read more)

You did not hit the dog in downtown Atlanta on I-75 with your Mercedes on August 14th, 2020. You do not own a Mercedes and you were not in Georgia at all that year.  However, your brother testified you were in the Bahamas on vacation in August 2020, and the evidence shows that vacation was in July. Therefore, while you are not guilty of hitting the dog, your brother is guilty of perjury.  That’s lawfare. See how it works?

Sign the plea for misdemeanor endangerment of the dog, pay the fine, and the D.A. will leave your brother alone.

From the article: “[…] Norman Eisen, a senior fellow in Governance Studies at the Brookings Institute who served as special counsel to the House Judiciary Committee from 2019 to 2020, told ABC News that despite the judge shielding most of the report, “it’s clear from the judge’s order that the grand jury recommended charges.”

“The question is: I don’t think that if people are being charged, Trump can logically be left out, because he was the ringleader,” Eisen told ABC News. “He was the mastermind of the plots.”

Lawfare Assisting Democrats in Congress

Feb 16 2023

What if Russia Nukes Kyiv?


Armstrong Economics Blog/Ukraine Re-Posted Feb 16, 2023 by Martin Armstrong

QUESTION: Dear Mr. Armstrong,
In the event that Russia does employ nuclear weaponry in/over Ukraine, does Socrates offer any insight as to what effect that might have on Ukrainian food/energy/commodities -production in general (…. let alone their capabilities, or likely lack thereof, to transport, said items from fields/mines/etc. to harbors/rail-lines/etc.); and what type of effect will (potentially, severely) reduced outputs like that (from the “bread basket of Europe”) have on shortages, inflationary cost-pressures, disease-cycles, population migration, and so forth and so on? Having traveled through Ukraine in my youth (around the time of your Israel sojourn; and yes, I had a whole lot more hair than too still), I remember marveling at arable topsoil some 8 to 10 feet deep; what (long-term?) effect would nuclear fallout have on such valuable planting-media, one wonders?

All my very best to you, Mr. Armstrong, believe me; I admire your bravery a great deal. You, Sir, are a Prince & a true gift to humanity!
Sincerely, …. tlk

ANSWER: Everything to the East of the river was the Russian Empire from the days of the Tzar. Ukraine was NEVER a country – period! That is why they joined Hitler who promised to carve out territory so they could be a nation. I get hate mail from Ukraine calling me a Putin lover. They will not respond when I ask do you really think you can destroy Russia and survive? Is it worth losing the country you finally won in 1991 all for the Donbas where the majority of people are Russian? They will not respond to any such questions. They are blinded by the hatred of Russians and cannot see that they are risking it all. They had a country. That was their dream. They are throwing that all away with nothing to gain even if they won – they will never survive the conflict. It just makes no sense.

100 Kiloton

That said, Russia could nuke Kyiv. It would all depend upon the size of the bomb. This would be the destruction of Kyiv with 100 kilotons. The argument inside Russia is that Putin has been too “soft” and he should have gone all in for the kill. The military believes they have been held back and could have won had they not had their hands tied.

This would be 100 metric tons. So you can see, they can nuke Kyiv and “win” the war without destroying all of Ukraine. This is what some are pushing for because they see this as a war against NATO and not just a war now to defend the Donbas. Ukraine has been the fool on the hill. They have listened to the West, and gone head-to-head against Russia which has more nukes than the United States, which cannot defend itself against a hypersonic nuclear missile.

Everyone has gone just mad. There is NOTHING to gain from this and the Ukrainian people will only wake up when it is too late. Zelensky is the Adolf Hitler who has brought death and destruction to their dream of a nation-state. Russia could take out Kyiv without harming Crimea or the Donbas.

Feb 16 2023

Railroad Executives Skip Townhall Meeting with Concerned Residents from East Palestine, Ohio


Posted originally on the CTH on February 15, 2023 | Sundance

Credit where credit is due. Fox News Jesse Waters has been holding the spotlight on the government and railroad officials who have been downplaying the issues after the toxic chemical spill and explosions in the town of East Palestine, Ohio. {Direct Rumble Link}

The residents of the community are reporting several ongoing health issues and a community townhall was scheduled today.  However, executives with Norfolk Southern Railroad cancelled their attendance, leaving the citizens of the community frustrated.  Additionally, the railway contracted air and water testing with a company well known for minimizing the effects of environmental disasters to satisfy its corporate employers {Go Deep}.

Residents are being asked to sign liability waivers indemnifying the railroad, prior to the private testing of air and water quality.  This just seems very sketchy, all things considered and raises additional questions from the residents.  The federal EPA is not providing any assurances or answers.  Jesse Waters outlines some of the issues tonight during an interview with Ohio Congressman Bill Johnson.  WATCH:

The opening monologue from both Jesse Waters and Tucker Carlson stayed on this issue tonight. Given the nature of the effort to downplay the concern of the residents from both federal and state officials, it is good to see Carlson and Waters keeping the attention on this impacted community.

Someone on the Twitter brought up a good point…  It would be nice to see Ohio congressman Jim Jordan get involved to support Bill Johnson in this district.  Jim Jordan has a lot of power in Washington DC.  Perhaps together they could pressure FEMA to engage.

[Direct Rumble Link]

Feb 16 2023

Project Veritas Digs Deeper Hole – Releases Statement Pretending Hostile Coup Against O’Keefe Never Happened


Posted originally on the conservative tree house on February 15, 2023 | Sundance

Everything about this statement from Project Veritas is an exhibition in trying to cover their ass.

Two weeks later…. they release a statement, essentially saying there was never an issue between the board of directors, employees of Project Veritas and James O’Keefe.  If there never was an issue, why wait for two weeks to deny it?   Yeah, the problems start with the central falsity and go downhill from there.

Obviously, Project Veritas realized the scale of the backlash against them, and they are now trying to backtrack.

Without James O’Keefe there is no Project Veritas. It looks like the team at the organization realized this truth.

The part about not having any political preferences with a candidate running for office is particularly interesting and false, considering the signatories of the statement.

That’s Matthew Tyrmand with the microphone:

This outcome reminds me 100% of the construct around Ron DeSantis.

When everything is fabricated, it gets harder and harder to keep up pretenses.  Eventually inherent hypocrisies lead to people seeing through it all.  Once the public see through it, the fabricated system starts to collapse.  Once things start to collapse, the people pushing the fraud start retreating because it’s a race to the exits in order to retain their grift and income.  Everyone involved in the originating fabrication then starts to deny involvement.

Matthew Tyrmand thought he could take down James O’Keefe.  He failed.  Now everyone associated with the effort starts denying they were involved.