Tag Archives: Business

Dec 29 2023

States to Deem Silver and Gold Legal Tender


Posted originally on Dec 29, 2023 By Martin Armstrong |  

silver coins bags

Several US states are considering legislation to reclassify gold and silver as money rather than commodities. Bills filed in Oklahoma and Missouri aim to eliminate state capital gains taxes on the sale of gold and silver, and to treat these metals as currency. Other states like Arkansas and Utah are also considering introducing similar legislation. The proposed laws also include provisions to authorize the state to invest in gold or silver and to prevent state entities from seizing gold or silver bullion.

These measures are seen as steps toward reducing barriers to using gold and silver as money and lowering the investment cost of precious metals. On the plus, gold and silver may be used in transactions without an additional fee. If I purchase something for $100, I am not charged an additional fee for using USD – but let’s not give the government any ideas. Proponents of the bill say the Federal Reserve has a monopoly on our banking system, and deeming precious metals legal tender would prevent the central bank from having total control over fiat currency.

Not so fast – the government will not relinquish their control over the monetary system. They have told us their plan for digital currencies and deeming gold and silver currency will only make it easier for the government to confiscate. 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 everything!”

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. Then there is the largely ignored business cycle. No matter what the money might be, there will be boom times when the value of money declines and the asset values rise. There is a natural course of a business cycle to the economy you cannot flatline or eliminate no matter how many schemes you invent from central banks, Keynesianism, Monetarism, Socialism, or Communism. It just cannot be accomplished.

Gold Hedge

The problem is not the physical money we use. The problem is that governments continually abuse their power and recklessly dive deeper into debt with each new spending package. Bretton Woods collapsed, as did every attempt to create any monetary system of some fixed value. Yes, they are not considering a gold-backed system here, but deeming gold and silver legal tender misses the mark. Gold and silver were hedges AGAINST government. The people have been able to use commodities to trade amongst themselves since the dawn of civilization. This legislation permits the government to intervene and naturally impose regulations.

The year 2025 will bring a turning point in Marxism as we reach the midpoint of the 224-year cycle (1913-2025).

Dec 24 2023

Report: RNC Corporation Has Lowest On Hand Bank Funds Since 2016


Posted originally on the CTH on December 23, 2023 | Sundance

As the story is told, the “republicans” have the lowest amount of reserve cash on hand in the past seven years. However, as readers here are well aware, it’s not the republicans that are “running out of money,” it is the RNC Corporation that is running low on funds. These are two distinctly different things.

In the era of the great political awakening, the term “uniparty” has now become a well-known in conservative lexicon to describe our national political situation. The RNC and DNC are two private corporations that form each wing of the Uniparty vulture.

The RNC and DNC are private entities, private corporations, that manage the illusion of the two-party political system in the United States. The reality is that both corporations are funded by the same multinational donors.

The RNC and DNC are essentially private clubs, business entities that exist within a political system they create and control. In the era of Donald J Trump, this stark reality is now clear to almost every voter.

As a result, the RNC corporation does not receive most of its funding from the American electorate. The people have switched from funding the republican corporation, the RNC, to directly funding the individual republican candidates.

The people who control the RNC keep the illusion in place because they have no option; their entire business model is dependent on retaining a false premise. However, the people have moved on. The RNC is irrelevant to grassroots, small donors. Only the multinationals continue funding the RNC, which makes the candidate funding from the RNC an outcome of who the multinationals, hedge funds, and Wall Street billionaires choose to select.

The MAGA base does not fund the RNC, and in most instances the RNC funded candidates are antithetical to the objectives of the America-First movement. This inherent reality creates two types of Republicans, the RNC/Corporate republicans – beholden to the multinationals and millionaires, and the MAGA republicans who must serve the interests of the MAGA voters.

We are currently in this transitional phase, which is why we see the constant battle between the two distinct groups of republicans in DC.

Candidate President Donald Trump often is in a position of trying to connect the two disparate groups; however, recently there has been a more confrontational approach toward the corporate controlled republican politicians. This dynamic, conflict and inherent battle is what we call “The Big Ugly” and it must be waged in order to stop the historic illusion of choice being gamed by the RNC.

[Newsweek] – The amount of money that the Republican National Committee (RNC) had on hand for spending at the end of November was the lowest bank balance it has had at that point in any year since 2016, disclosures to the Federal Election Commission (FEC) show.

In a filing on Wednesday, the GOP governing body revealed it had $9.96 million to spend as of November 30, which is less than half what it had to work with when Donald Trump was contesting his first presidential election.

By comparison, the Democratic National Committee (DNC) reported cash on hand of over $20 million for the same day. Both parties’ committees have seen downward trends in funds they can draw upon since 2021, but the RNC’s balance has been around half that of its counterpart in the past two reporting periods.

[…] Oscar Brock, an RNC member from Tennessee, told the Post: “We’re going through the same efforts we always go through to raise money: the same donor meetings, retreats, digital advertising, direct mail. But the return is much lower this year. If you know the answer, I’d love to know it.” (read more)

Given the nature of corporate political structures, I suspect Kevin McCarthy will eventually replace Ronna McDaniel…

….And so it goes, and so it goes. 

Dec 18 2023

CBDC – The End of All Freedom


Posted originally on Dec 17, 2023 By Martin Armstrong 

CBDC 5

QUESTION: Marty: You have mentioned that Trudeau’s freezing of accounts of anyone who donated to the Truckers was a test run for CBDCs. Do you think this is the end goal to control 100% of our lives?

GD

ANSWER: Hopefully, this will become a Presidential campaign issue. But they are desperate to stop Trump. Congress, including the traitors pretending to be Republicans, passed legislation that NO president can withdraw the US from NATO. This will enable the Neocons to start war BEFORE the 2024 election, and this legislation is to usurp the power of the president, assuming it might be Trump to make it so that he cannot exit World War III. Every politician who voted for that legislation should be thrown out of office in 2024 – PERIOD!

That said, the CBDCs are intended to control our social behavior. This transforms society into a digital prison, which is why the Founding Fathers outlawed Direct Taxation. The rally to Marx at the end of the 19th century led to the introduction of the Income Tax in 1913, and they swore they were going only after the trich. By World War II, they introduced the Payroll Tax because Roosevelt’s Marxist agenda was to include Social Security, and we, of course, had to be FORCED to save for our own future. That became a slush fund that was restricted to buying only government debt to fund this Marxist agenda.

You are being imprisoned with every piece of legislation, like reporting $600 transactions through various cash apps. You have lost ALL your LIBERTY – you don’t know it yet. They could simply create some nonsense and prevent you from donating to Trump or RFK and just make up some nonsense charge. The January 6th had unmarked buses filled with federal agents dressed as MAGA supporters before anyone showed up to stage the event so they could charge Trump and use the 14th Amendment to prevent him from gaining the White House. The Democrats refused to let RFK in, and Biden refused to give him Secret Service protection. In Florida, they tried to remove any contender from the ballot to challenge Biden. This is all about creating war. They let the border open to allow terrorists in so they can declare Martial Law and restrict everyone’s movement. All FREEDOM has been lost!

crusing the people
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What Trudeau did in Canada permitted the bypassing of due process of law, which is the foundation of a free society. Wake up! Digitization of the monetary system will allow them to totally kill all dissent. There will be NOTHING left standing. This is what 2032 is all about. We are the ants beneath their feet. Anyone who thinks they care at all about us is an absolute fool.

We cannot stop it. This is NECESSARY for political change. This is them fighting to retain power when they fully understand that this monetary system is collapsing. This is not going to be this Great Taking. That would be an instantaneous revolution. They are not that stupid for even the army would rise up against them. This is about total control leaving you with your trinkets.

As this is rolled out, ONLY then will it open the eyes of the masses. Unfortunately, this is also why movements like Transgender, Black Lives Matter, you name it, are all about dividing the people. They MUST keep the people divided and fighting among themselves so they do not unite against the government, where the common denominator is FREEDOM.

Nazi Papers Please

It was Julius Caesar who said – Divide and conquer. Hitler attacked the Jews BECAUSE they were the bankers, and he needed to blame the hyperinflation on the bankers. He divided the people and then came – Papers, please! That is precisely what they are doing to us with CBDCs. This is the purpose of Gates’ UN-organized digital IDs. To prevent freedom of movement. Digital IDs to vaccine passports are all designed to prevent movement. Europe, as of January 1, 2025, will require visas from Americans to visit, and they will apply your social credit score to determine if you are eligible. Still, they intend to start World War III before that, creating an external distraction to divert people from the loss of liberty. This is the government’s objective- the enemy of freedom – as always, no matter what century or culture to look at.

Gates Digital ID
Nov 16 2023

Gold – Bitcoin & CBDCs Re-Posted Nov 15, 2023 By Martin Armstrong 


WEC_2023_Gold

QUESTION: Will you be covering the CBDC and gold? How about Bitcoin?

EH

ANSWER: Of Course. Our views have exceeded 600,000, so we have expanded the virtual availability to attend the conference. Over 37 countries are tuning in this year. This is a broadly based global conference.

Nov 15 2023

State Wealth Migration Re-Posted Nov 15, 2023 By Martin Armstrong 


Migration to USA

In 2019, New York hosted 72 billionaires. That figure has declined to 62 in 2023, with smart money fleeing the state due to high taxes and crime. The state of New York depends on the top 1% of earners to pay 42% of its tax burden. New York is already operating in a deficit and has the added burden of hosting tens of thousands of migrants with tax funds.

The top 1% of Americans have an average net worth of $10,815,000. While billionaires earn on investments and not income, states like New York expect top earners to pay 14.8% in income tax. “If you had someone who was earning $100 million [a year] in New York suddenly move to Florida, that’s something like a $11 million-a-year hit per year recurring to the state,” said Ken Girardin, the research director for the Albany-based think tank, Empire Center for Public Policy. The 62 billionaires that remain in New York have a collective net worth of $562.3. Only the top 5% of Americans have a net worth of over a million dollars.

Inflation is hurting those at every class level and people do not want to downgrade their lifestyles. Policymakers want to scream “Eat the rich!” to appease voters who do not understand that the money held by those at the top is needed for a healthy economy. In 2020 alone, when the pandemic struck, New York lost $19.5 billion in taxes from people fleeing the state. California lost $17.8 in tax revenue that year and counting.

We are seeing a wealth migration in the US. This is why I say that markets like real estate cannot be looked at on the national level, as prices in red states continue to rise as blue states have become uninhabitable. This is only taking into consideration individuals as moneymakers are also taking their businesses to states where they do not need to support the welfare system. Around 160 firms have fled Wall Street since 2019, displacing $1 trillion.

Real Estate

Hence, people are saying Miami is the new Wall Street. Lawmakers do not comprehend the impact that this will have on state budgets.

Sixth Wave ECM Greek Roman 309.6

This is precisely what happened prior to the collapse of the Roman Empire. The top 1% half 16% of the empire’s wealth. Wealthy Romans were the first to leave cities when public confidence collapsed. We can see the migration from archaeological finds that saw villas built far from city centers. And even in those days, people felt that the wealthy were selfish for acting in accordance to the invisible hand. As noted in “The Decline and Fall of the Roman Empire” by James William Ermatinger: “Their disinclination to leave may have been caused by forced exactions, confiscations, business concerns, tax pressured, or general economic fears, which made protecting one’s own interests seem more prudent than looking out for the interests of others.”

Rome’s Sovereign Debt Crisis is what ultimately led to its collapse. Yet one of the first signs of major trouble was the mass exodus of wealth from the cities.