COMMENT: Dear Mr Armstrong, I wanted to write in to affirm your observation of regular people buying now rather than waiting (The Bull v Bear in the US Markets). I had to buy a new dryer earlier in the year. It took 6 weeks to get the one I had ordered. I wanted to buy a new computer recently. Lenovo showed delivery in 12 weeks for the one I wanted! Another company I looked at was taking pre-orders for delivery beginning the end of May. I paid a little extra and went with a small manufacturer that could deliver within 10 business days. I bought an extra freezer so we can stock up. I actually tried to buy a freezer last year and couldn’t get one at all, so I snapped one up as soon as they were available back in January. My wife just asked me if I wanted to get a new grill for Father’s Day. I said, ‘Let’s buy that right now and put it aside. Who knows what will happen by Father’s Day.’
J
REPLY: I remember the 70s well. Because of OPEC, not just gasoline was rising, but suddenly everything made of plastic was rising. For those who do not know, plastics are made starting with raw materials, such as natural gas, oil, or plants, which are refined into ethane and propane. Ethane and propane are treated with high heat, in a process known as cracking. This is how they’re converted into monomers such as ethylene and propylene. The monomers ethylene and propylene are combined with a catalyst to create a polymer “fluff,” which looks like powdered laundry detergent. Then the polymer is fed into an extruder, where it is melted and fed into a pipe, and the plastic forms a long tube as it cools. So when oil rose in price, so did everything made of plastic. That was much of the inflationary boom between 1976 and 1980.
Everything was rising in price which led to the realization that it was cheap to buy today because it would only cost more tomorrow. I ordered a new refrigerator in December. It finally arrived in March. We are entering a period of shortages so prices will be moving higher as supply is constrained and demand will rise. The other side-effect of lockdowns and the destruction of offices with people working more remotely, everyone is out remodeling or expanding their homes. The construction industry is booming. Just look at the price of lumber.
Welcome to the inflation cycle our computer has been projecting would be built upon shortages
While the general overview of this market by most technicians has been bearish simply based upon how high the market has risen, we are also in an interesting position where the fiction of vaccines is providing some underlying support. Based upon RELIABLE sources, this entire Build Back Better motto and a scheme were developed BEFORE COVID took place. This virus has been one of convenience and I know people were warned to sell stocks and bonds because a virus was coming and that was Jan/Feb 2020. That leaves only two possibilities.
(1) This is really the Fauci virus since this was the precise research he was doing and was told to shut down so he sent it to Wuhan
(2) They knew a natural virus would appear seasonally and they would exploit it as extremely dangerous
While Europe is still trying to push the Great Reset and destroy as much of the economy as possible that is reliant upon fossil fuels, there is no question that this virus has been greatly exploited and exaggerated for political purposes. In the United States, because the power has resided with state governors, it has been more difficult to accomplish the economic contract that we see in Europe especially in Britain where Boris Johnson is in bed with Bill Gates.
Consequently, the US will not see the economic devastation that we are witnessing in Europe because Trump was in charge and made no effort to lockdown the entire country. Additionally, politics is so corrupt they rely on corporate donations and they have been getting a lot of resistance. On the private blog, I warned that the Biden Administration, according to reliable sources, was looking at putting a tax per mile that you drive in addition to the gasoline tax. That would create an army of new government employees and a nightmare of enforcement.
That all said, the real impact of all of this nonsense has been to seriously disrupt the supply chain in everything from food to electrical appliances. These shortages have already led to rising prices and consumers are starting to realize that it may be cheaper to buy today because whatever it is will be more expensive tomorrow. That is the REAL stimulus to inflation – not the increase in money supply which has been exponential since the 2007-2009 Financial Crisis with no inflationary impact. As long as the consumer does not trust the future, then they hoard their cash. Inflation emerges ONLY when they see that it is no longer beneficial to hoard their cash. That is the psychology we are now entering.
While our near-term target in the Dow Jones Industrials remains in the 36,000-37,000 range, we are still in a position to test the 40,000 number on a broader-term. What you must keep in mind are the capital flows. Because we had Trump, that one year of refusing to join this Build-Back-Better agenda was critical in keeping the US economy much stronger compared to Europe, yet neck & neck with China, which will put in a stronger growth pattern number in 2021. The Dow has been making new record highs which the NASDAQ peaked in February on target with our timing models. This disparity is reflecting the international capital flows for foreign money always go for the blue-chips.
To see the future, we must look at the entire world. Analyzing a single market based upon what comment the Fed will make tomorrow is for amateurs. We live in a global economy and it is time we open our eyes to the real world that surrounds us.
It has always been critical to look at everything from a global perspective. Gold declined for 19 years from 1980 into 1999 and the domestic analysis was always wrong. They looked at gold only in dollars. Yet when we looked at gold in a basket of currencies, what looked like a bull market in dollars was really a bear market in world currencies. This is why Socrates looks at everything in all currencies – not just domestic.
Those that keep calling to the collapse of the dollar because of debt have not bothered to look outside the United States. The US sovereign debt is about $28 trillion out of nearly $59 trillion globally. However, add in state and local government with private debt, as we are approaching $300 trillion. This is why US federal debt is still the golden parachute in the world and the fact that US long-term rates are not being manipulated as they are in Europe only offers a greater incentive for capital inflows. We are witnessing US rates rising and this will further attract international capital in the face of the US economy doing far better than Europe.
In Canada, the Supreme Courtruled Thursday that Ottawa has the power to impose a carbon price across the country as a “matter of national concern.” This is a major win for Trudeau and he can really make sure that the Canadian economy further declines to enable the Build Back Better agenda.
Let me make this VERY CLEAR. Even the US Supreme Court upheld Obamacare by holding it was a “TAX” When Obama deny that. Even the US Supreme Court would have struck down Obamacare as a social program, but as a TAX it held that government can impose ANY tax it so desires and at any rate. When it comes to taxes, the Supreme Courts of Europe, USA, Canada, or Bangladesh, will ALWAYS rule in favor of governmental power to TAX without constraint. They will ignore the history that 99% of all revolutions unfold because of taxes. Therefore, do not be surprised about tax rulings by the courts. This is also when Western society is doomed. We will not be able to sustain this sort of government beyond 2032. So just start planning now for the next real Great Reset which will be the overthrow of republics.
This is why in my solution, TAXATION must be abolished – PERIOD! If we simply printed the amount of money we needed to run government and it is capped at say 5%-10% of GDP, it would be far less destructive than taxation for the debt will never be repaid. At times, the accumulative interest expenditures have reached 70% of the debt showing that the real problem is borrowing in the first place. All of this COVID and Climate Change is a cover-up for the fact that the system of debt is coming to an end. They lowered rates artificially and are now trapped for they dare not allow rates to rise naturally to compensate for the constant rise in supply. Therefore, creating money to cover expenditure would be far better than the present system of taxation and borrowing endlessly.
Excellent Physics Written by W. A. van Wijngaarden and W. Happer Published on June 8, 2020
The atmospheric temperatures and concentrations of Earth’s ve most important, greenhouse gases, H2O, CO2, O3, N2O and CH4 control the cloud-free, thermal radiative flux from the Earth to outer space. Over 1/3 million lines having strengths as low as 1027 cm of the HITRAN database were used to evaluate the dependence of the forcing on the gas concentrations. For a hypothetical, optically thin atmosphere, where there is negligible saturation of the absorption bands, or interference of one type of greenhouse gas with others, the per-molecule forcings are of order 1022 W for H2O, CO2, O3, N2O and CH4. For current atmospheric concentrations, the per-molecule forcings of the abundant greenhouse gases H2O and CO2 are suppressed by four orders of magnitude. The forcings of the less abundant greenhouse gases, O3, N2O and CH4, are also suppressed, but much less so. For current concentrations, the per-molecule forcings are two to three orders of magnitude greater for O3, N2O and CH4, than those of H2O or CO2. Doubling the current concentrations of CO2, N2O or CH4 increases the forcings by a few per cent. These forcing results are close to previously published values even though the calculations did not utilize either a CO2 or H2O continuum. The change in surface temperature due to CO2 doubling is estimated taking into account radiative-convective equilibrium of the atmosphere as well as water feedback for the cases of xed absolute and relative humidities as well as the eect of using a pseudoadiabatic lapse rate to model the troposphere temperature. Satellite spectral measurements at various latitudes are in excellent quantitative agreement with modelled intensities.
A sample from Page 6 in the paper
A sample from page 35 in the Paper
Click on the Download box below to get the full 37 page paper it is worth reading if you are a serious researcher on climate physics.
From the attached report on climate change for February 2021Data we have the two charts showing how much the global temperature has actually gone up since we started to measure CO2 in the atmosphere? To show this graphically Chart 8 was constructed by plotting CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about 32.0% from 1958 to February of 2021. That is a very large change as anyone would have to agree. Now how about temperature, well when we look at the percentage change in temperature from 1958, using Kelvin (which does measure the change in heat), we find that the changes in global temperature (heat) is almost un-measurable. The scale on the right side had to be expanded 10 times (the range is 50 % on the left and 5% on the right) to be able to see the plot in the same chart in any detail. The red plot, starting in 1958, shows that the thermal energy in the earth’s atmosphere increased by .40%; while CO2 has increased by 32.0% which is 80 times that of the increase in temperature. So is there really a meaningful link between them that would give as a major problem?
Carbon Dioxide CO2 is not making “ANY” dangerous changes to the global temperature!
The numbers tell us no there isn’t!
The next chart is Chart 8a which is the same as Chart 8 except for the scales which are the same for both CO2 and Temperature. As you see the increase in energy, heat, is not visually observably in this chart hence the need for the previous chart 8 to show the minuscule increase in thermal energy shown by NASA in relationship to the change in CO2. Based to these trends, determined by excel not me, in 2028 CO2 will be 428 ppm and temperatures will be a bit over 15.0o Celsius and in 2038 CO2 will be 458 ppm and temperatures will be 15.6O Celsius. This is what the data shows no matter what the reasons are, so I have no idea how the IPCC gets to predict that the world will end in ten or even twenty years.
The full 40 page report explains how these charts were developed and why using NASA and NOAA data that are used without change to prove that The New Green Deal is not required and any attempt to complete that plan will be a worldwide disaster.
Click on the link below for the full report that you can download.
An entrepreneur with an estimated net worth of more than $136 billion, Bill Gates founded Microsoft and technology; is deeply involved with the World Health Organization, which encompasses the world economy and world peace; the international Planned Parenthood Foundation, focusing on eugenics and population control; and the many facets of academia, all without the corresponding educational background. He is now prepared to control our food supply, the climate, and shoot for the sun.
* * *
Bill Gates is one of several non-academics who, notwithstanding, has been permitted to implement major changes in our education system in preparation for a federal takeover. Promoted by President Obama’s administration, the schools now communicate a radical political ideology to produce workers for a global economy. Had their intentions been honorable, they might well have reverted back to the older textbooks when the overhaul proved to be less than stellar, but it was progressing precisely according to plan.
Although I’ve provided greater detail in past essays, we’re due for a recap because the globalists have instituted so much more. Boards of Education (B of E) have increased their indoctrination by fabricating a history in which “revolution, religion, gender, and racial groups” have negatively shaped our culture. Historic truth is absent. Our students know little about America’s history, our founding, and the laws that were enacted to provide freedom for all. Today’s textbooks portray the United States as an evil empire to be loathed, disrespected, and replaced by a socialist/Marxist governance. The political Black Lives Matter curriculum encourages racial divisiveness and victimology, which I view as the Obamas’ vengeance against the white population.
Math was first made so difficult that parents can often not help with homework – all in the name of equity – that children may struggle equally. Now, the Gates Foundation is bankrolling “anti-racist” math, so that students need not show the correct answer and to “dismantle the classroom’s power structure.” As marriage and family are continually disparaged, and broken homes, single mothers and neglected children disregarded, the left is removing courses where white students were said to excel. National standards weaken the students and diminish any individual talents they may have. Playtime was reduced drastically and now the children hate school.
Removing phonics from the reading program results in fewer readers and increased illiteracy. Students are being robbed of the joys of sounding out new words and reading on their own. Reading has been made more frustrating and overwhelming. Classic literature is also under attack, particularly as today’s teachers under lockdown announced they want to drop Shakespeare from the curriculum. The replacement recommendations are dystopian and sexualized stories that are far beyond the children’s comfort levels and coping skills. The frontal lobe’s maturity level to handle such situations does not mature until about age 25, so their reading experiences are decidedly unpleasant. Our enemy within is disenfranchising and under-educating our youths to discourage their reading and exercise of independent reasoning and reckoning, rendering an equivalent of the Nazi book burningunnecessary.
Math and reading test scores had dropped significantly in 2006, the graduation rates of major US cities down to 52%, with an abysmal 70% for the national average, and the administrations continue to ignore parents’ requests to remove Common Core. Gates somewhat laughed when he admitted to the project’s failure, but he was willing to test other methods on our nation’s children. Of course, offspring of the elite attend private schools.
When the failures of No Child Left Behind became obvious, Obama and Gates embraced another disastrous program, Every Student Succeeds Act (ESSA). They then removed the requirement that teachers must have mastery over their subjects, and employed unqualified teachers. The solution was equity, replacing meritocracy with uniformity, but without grades and competition, the students lost their incentive to learn and succeed. I do not agree that Bill and Melinda Gates meant well. They invested millions to accomplish precisely what they achieved. They openly admit to seeking population reduction, restraining humanity and limiting freedom under a globalist rule. The decline of education was a deliberate success for them.
Gates’s Common Core continues to be the left’s focus. Students’ rights are being crushed through intersectionality, the system that divides them into competitive groups to force feelings of oppression. American exceptionalism is all but extinguished, and scholastic achievement has become a social justice agenda. Our students have been trained to hate Jews, Christians, all white people, the family unit, and different opinions. They’ve been taught to believe that males and females function similarly, but that there are more than 59 sexes. The young victims agree to abortions, myriad sexual deviances and mutilation, while succumbing to permanent emotional damage. Indeed, the children are told they can change their sex, but are actually undergoing disfigurement and dismemberment so that they will never be able to produce the next generation – an horrific scheme for depopulation.
In mid-February, 2021, the Senate considered The Equality Act, which removes from our vocabulary the differences between the two sexes, which amounts to ignoring science and the existence and qualities unique to both sexes. It endangers women and defeats women’s sports competitions, and diminishes the masculinity we count on for protective forces. It was also a week ago that The Ohio State University announced its support of freshmen girls’ prostituting themselves during annual “Sex Week.” Other perverted presentations for teens include toxic masculinity, binary genders, sex in faith settings, and “Kink 101.” And OSU is not alone.
Gates owes his wealth, his influence and, above all, his ideology of eugenics to his parents, Mary, and Bill Sr. Building upon the concept of “philanthrocapitalism,” in which the skills of the fabulously rich are applied to the world’s problems, their attentive young son now eagerly carries on his parents’ dream, the weeding out of “others,” the “deplorables,” the untermenschen, the racism that they and the Nazis advocated. Such “philanthropists” are committed to securing the world for their kind. Gates invokes ‘the rich world’s enlightened self-interest” and warns that “if societies can’t provide for people’s basic health, if they can’t feed and educate people, then their population and problems will grow and the world will be a less stable place.” In an interview, he warned “huge population growth in places where we don’t want it, like Yemen and Pakistan and parts of Africa.” The magisterial “we” being the rich.
Without death camps and ovens (for now), it is still possible to reduce the population directly, through the Gates Foundation’s involvement in global vaccinations, and indirectly, through education – with equity to equalize outcome, where none are better and none are worse, and no hope for singular achievement and improvement. It is only equality that can provide every human being with freedom and equal opportunity to rise, each according to his innate abilities, efforts, and dreams. Bad learning experiences are known to affect children negatively by stifling their emotional growth and causing depression, an effective means of reducing population. Those who react in frustration and anger are used on the streets as the rabblerousers, the rebellious, the army of the left.
In his latest outburst of academic genius, our hero of philanthropy is now bankrolling a group of 25 educational organizations to defend non-white students from math because correct answers are racist, capitalist, and imperialist views. In order to turn the tables and blame “white supremacists” for the underachievement of brown and black students, the elimination of the grading system is said to “combat racism.” Rather, this has intentionally increased racism by turning the tables against the white population. The left has implemented a shame-and-blame society, reviving the victimhood of black slaves while also victimizing the whites for the slavery of previous centuries.
As schools continue their descent into a madness, Bill Gates, devoid of any medical background, may now branch out into other fields – healthcare and vaccinations. From 1933 to 1945, Nazi physicians and medically trained geneticists began developing racial health policies, including “medical” experimentation to advance their racial and ideological views and sterilization that harmed many minorities, and nearly annihilated Europe’s Jewish population. Gates Sr., proponent of Planned Parenthood (PP), set the mindset for Gates Jr., and vaccinations gone wrong in Africa and India. A former PP clinic director revealed that girls were receiving prescription contraceptives without doctors’ orders, thereby endangering them while increasing PP’s Medicaid reimbursement.
Gates made the DTP (Diptheria-Tetanus-Pertussis) vaccine a priority for African babies, yet Robert F. Kennedy, Jr., reported that ten times more African children died of Gates’s DTP vaccine than those not vaccinated. Still, Gates remains the de facto authority. He was responsible for India’s polio-eradication campaign in 2011 that caused 47,500 cases of vaccine-induced polio paralysis. He also promoted the highly controversial Pentavalent vaccine (hepatitis-B, diphtheria, tetanus, pertussis, and Hib/haemophilus influenzae type-b), which was banned by Japan, UK, Canada and the US for its unprincipled experimentation, uninformed consent, and forced medical procedures. Is there anyone who still cannot recognize the connection of the present to the not-so-distant past?
This is likely to continue unabated, as the Gates Foundation is essentially unaccountable, moving freely between the private and public spheres. Not burdened by democracy or national sovereignty, Gates himself gloated, “I’m not gonna get voted out of office.”
Kennedy also reported on April 14, 2020, that Anthony Fauci’s NIAID gave $3.7 million to scientists at the Wuhan Lab, to fund experiments on bats from the local caves. Researchers warned they were playing with fire. The prophetic Dr. Fauci and Bill Gates predicted a pandemic just before President Trump assumed office. Now, a new, severe syndrome has been revealed – a Multisystem Inflammatory Syndrome in Children – following their recuperation from the COVID-19 virus. Doctors are warning that COVID vaccines may be causing autoimmune attacks in heart and brain, and Dr. Sherri Tenpenny has issued warnings of the depopulation effects of vaccines within three to six months. Yet, Gates remains the guru of global health, securing himself from any litigation.
Gates’s RNA approach to the coronavirus, considered promising for pandemics and other applications, is admittedly challenging for the elderly, but promising for the young. During a May 2020 interview, he declared that he wants the entire world force-vaccinated, while seeking exoneration of any liability for himself and pharmaceutical companies. The vaccinations could be made compulsory (against the individual’s rights), compelled by the Supreme Court for the protection of public health and safety, and considered constitutional, as it did during the 1905 smallpox epidemic, and Bill Gates stands to profit by the millions.
This necessitates some revelatory information about how Gates would then extend his control to vaccination cards and universal testing requirements, Agenda ID2020, as part of a vaccination package. The agenda was designed and backed by the Rockefeller Foundation, Accenture, the WEF and GAVI (Global Alliance for Vaccines and Immunizations), a centralized general electronic data collection to include 200 points per citizen, for such as bank accounts, shopping habits, health records, political inclination, etc. This is his entrée to complete control over all citizenry, including their right to bear children, attend government-controlled schools, travel, start businesses and hiring procedures, to qualify for national healthcare and voting rights, ad infinitum.
So drastically out of touch, Gates was shown smirking during a TV interview, as business owners have shut down, workers lost jobs, the elderly suffered from loneliness, and students agonized from isolation and ended their own lives. He calmly said the people must continue on lockdown.
On February 26th it was announced that litigation is beginning for Crimes Against Humanity, an offense in the international criminal law, adopted in the Charter of the International Military Tribunal (Nuremberg Charter), for the full devastating impact and domination inflicted on the public as a consequence of the “wholly fraudulent” corona virus (corona scandal), from which no extra deaths have been reported – the collateral damage from the lockdowns, destruction of businesses and people’s lives, and the imposition of masks that are considered very damaging to the psychological and physical health of the wearer. The group of attorneys of several countries are seeking legal reparations for all who have been adversely affected. The information will also include a review of the dangerous Great Reset, to fight for the implementation of a truly independent justice system. Please listen to Dr. Reiner Fuellmich here.
Gates has the proverbial finger in every pie. He already believes humans should be eating synthetic beef, and with his recent purchase of 242 acres of farmland and nearly 27,000 acres of other land across 19 states, he is America’s farmland king in control of agriculture. In agreement with AOC’s desire to make cattle farming a thing of the past, thereby depriving Americans of beef, dairy products and leather, Gates may now control the production of plant food. Dare we expect this disciple of extinction to increase food production or is it more likely that he’d proceed along the path of Stalin’s “Great Purge” of 1932, the political starvation of 13.9 million Ukrainians.
Re-Posted Mar 16, 2021 from Martin Armstrong Blog/WEF
The entire world of economics has been abandoned without actually admitting it has failed. Even the International Monetary Fund (IMF) is throwing in the towel without actually admitting its policies have totally failed. The IMF was the bastion of Keynesianism, supporting economic Neoliberalism. Of course, the head of the IMF is on the board of the World Economic Forum and is fully onboard with Schwab’s Great Reset. Previously, if you asked if the IMF was a Neoliberal-Keynesian it would have been like asking if the Pope if he was a Catholic.
The complete reversal of the IMF has been at the direction of the World Economic Forum who endorses really a one-world government and economic dictatorship. The old Neoliberalism ideology of free markets, free trade, and small government, are gone. This is part of Schwab’s attempt to control the Fourth Industrial Revolution, yet when we have the ONLY fully functional AI system in the world that writes over 1,000 reports on the state of the financial world, they wanted to shut it down because it also forecasts that they will fail. The current and previous head of the IMF has been a board member of Schwab’s WEF. There is no more independence. The IMF is fully occupied by Schwab.
The IMF has been pushing Schwab’s digital agenda for several years once Christine Legard got a hold of the IMF. What makes this reversal in economic policy so shocking is that the IMF even put out a piece entitled: “Neoliberalism: Oversold?” They are now questioning the entire world of free trade and are advocating more of a fascist state with control by a central authority.
There seems to be a HUGE gap in what people think about cryptocurrency. The European Central Bank (ECB) is working on a scheme to launch “digital euro central bank money” as soon as possible. Many economists praise the project as an “innovation,” as an important and indispensable step in an increasingly digitized world. But economists typically always advocate socialism without ever actually contemplating what is its final destination. The socialist press which has engulfed most of the mainstream is also obvious to what is the final destination.
The ECB has made its intentions known, as has the Federal Reserve, that in declaring a digital currency, both have stated it will be a currency accessible for everyone, robust, secure, efficient, and compliant with the new agenda. What is overlooked is this is to be a central bank currency and they have been quietly suggesting that they will even take direct depositions from non-banks. Nobody seems to really understand what that means. As usual, they simply glass over the statements. In truth, it is circumventing the banking system for they are also not about to bail out the banks in this new world because they are also contemplating the end of government debt. If the government does not borrow, then who needs the bakers?
Mainstream media also refuses to address privacy concerns. To be very clear, the path to digital currency is also one to total surveillance by a state regime that will accelerate considerably in this world where they can pick your face out of a crowd of a thousand.
Anyone who thinks a digital euro is somehow better because it is not fiat money, well it is simply fiat money on steroids. The ECB will not surrender its monopoly of euro production. However, what is being talked about behind the curtain is that a digital euro can either be “account-based” meaning you will keep it in an account held with the ECB directly, or it can be “token-based” where banks receive a “token” that can be transferred from smartphone to smartphone via an app.
The ECB says the digital euro is a “compliment” to cash and bank balances. Clearly, that is like saying the lockdown will be just three weeks when they never had any such intention. Obviously, those who pay in cash find it convenient and want to ensure their anonymity. That will become a thing of the past which is their intention. The objective is to force everyone into paying electronically, i.e., transfer balances through PayPal, Apple Pay, or debit or credit cards.
Back in May/June 1992, we put out a report on the long-term implications of what our computer was projecting. The year 1998 marked the Russian default which sparked the Long-Term Capital Management Crisis and the first time the Federal Reserve had to bail out a hedge fund. Heading into the end of this cycle in 2032, we would see the extinction of 30-year bonds and the demise of the floating exchange rate system. This time what comes after 2032 will be indeed a new world order for what appears on the horizon is the collapse of our present system which is being accelerated by Klaus Schwab and his World Economic Forum. These forecasts, along with 2016 being the first time a non-politicians would win, sounded far-fetched back then. But this is simply how economies and societies unfold. It was not some premanitio9n. It was just history repeating itself.
“Since 1985 we have been warning that the Nineties would be a period of turmoil marked by greater volatility and a major crisis in world debt. We have also stated time and again that our computer models were forecasting the extinction of 30-year bonds along with the collapse of the floating exchange rate system. While these forecasts may appear bleak, this does not necessarily signify the end of civilization. A similar crisis involving these issues along with war were also the hallmark of the final years during the 18th century. The new world order that emerged thereafter brought forth an era in democracy and capitalism not only in Europe, but also in the birth of the United States.
While many will laugh at these forecasts or attempt to simply dismiss them as too far-fetched to be considered seriously, they merely display their own weakness of a closed mind.”
QUESTION: Hi Martin Thanks for all the work you do, my day always starts with reading your take on things. I was a member until recently as I am out of a Job. I Live in Toronto, where lockdowns have been the worst and longest in North America. Presently looking to relocate out of the city. I am a Contractor and it seems most of the work in the coming years will be outside the city, as everyone is selling and moving to small towns or their cottages and now want them upgraded for year-round living.
Question: Bitcoin and Crypto. It seems to me that they are using Crypto and pushing it mainstream for a reason. Is it may be a way of increasing the fiat. What I mean is every time someone Buys a Bitcoin they are purchasing with Fiat, so the $10,000.00 someone buys in incremental Bitcoin automatically doubles that Fiat, as the person selling now, has the equivalent of $10 k to purchase something using Bitcoin and the Seller now has $10 k to purchase an item with the Fiat. Could this be another way of getting money into the market without having to Create it at the Fed?
What do you Think CB
ANSWER: No I believe they are allowing it to trade for the sole purpose to mislead people into thinking cryptocurrency is somehow better than cash. Governments are planning to swap all physical money for 100% digital to end hoarding of cash and to be able to increase tax enforcement as well as to reduce the underground economy – i.e. drugs to prostitution. They always blame the people for not paying all the taxes they think they are entitled to rather than realize that no matter how much taxes they collect – it will never be enough.
By allowing Bitcoin to rally, they are creating the image that cryptocurrency is better than cash. It is psychological and the average person is easily fooled. The 911 Porsche came out in 1964 and changed little for the rest of the decade. There was less variation in the 911’s early years as well. The high-performance 911S came out in 1967, as did the famous Targa body style with its removable roof panel. I bought one in 1970 for just slightly under $10,000. By 1980, they were starting at $35,000 and over $50,000 by 1985. The Deutschemark rallied 140% during the 1970s and the German manufacturers priced their cars in marks – not dollars. So the value of the German cars kept rising in dollar terms during the 1970s all because primarily due to the currency, which also led to higher prices for commodities caused by OPEC. This created the image that German cars were better than American. I bought foreign sportscars during the 1970s and would drive them around for 2 years and would get my money back so cars never cost me a dime.
I have told the story before that I bought a 328 Ferrari in London for about £30,000 when the pound fell to $1.03 when it was a $50,000-$60,000 car in the USA. The pound had been over $2 when Ferrari priced what they would sell that car for to Brits. Since the pound fell so hard, the Italians raised the price to £45,000 or maybe £60,000. Then the pound rallied back to almost $2. I drove the car in London for about two years and then sold it used about doubling my money.
This example of the sharp rise in the price of a Ferarri created the false assumption that they were a great investment and people began buying and storing them. It was just the currency — not the car. Once you understand how the FX markets create different impressions of domestic markets, you can suddenly see the world through a whole new set of lenses.
Cryptocurrencies are going through the very same phase. They are creating the illusion that they are somehow better than cash. Even the name “cryptocurrency” is misleading for they are not a currency at all – they are merely a trading vehicle. Do not get all stary-eyed and look at them as better than cash for that is looking at a Ferrari as an investment rather than a car to drive.
I understood the rise in the value of the Ferarri was currency so I also knew when to sell. It is critical to look behind the facade to see what is the true nature of what you are dealing with. Bitcoin is no more a store of wealth than any stock because it rises and falls. Anything that fluctuates cannot be a store of wealth – it is simply an investment vehicle.
We know communists and fascists began infiltrating our nation in the early twentieth century. We know they declared that our culture must be eradicated and our faith in God broken for a totalitarian socialist state to rise out of the ashes of a free republic. Who opened the door to this contagion and left it wide open? Who caused the plague to spread to a point where it has now infected the whole of our society and our culture, now unrecognizable to anyone over 50 years of age?
The United States Supreme Court.
Engel v. Vitale – 1962
Our Constitution was God inspired to men of faith and like Scripture itself was supposed to be timeless, not a living document that changes with the times. God does not change. People don’t change, only societies that give license to people to become corrupt, depraved, and engage in their baser instincts.
In three fateful decisions, the Supreme Court turned the entire nation from a God-fearing, faith-based society into a proverbial secular free for all. A perfect host for a communist/fascist takeover.
Supreme Court Justices, judges and politicians like for us to think that interpreting the Constitution is a task only for the greatly learned in our society. Not true. Almost any question can be answered by the founders of our country who wrote letters to each other in prolific amounts. These letters speak plainly of the original intent of the Declaration of Independence, and the Constitution, especially the Bill of Rights. Justices are supposed to decide what the law says, not what it should be. These founders still speak if we are willing to listen.
In Engel v. Vitale – 1962, affirmed in 1992…the decision that ended prayer and Bible reading in schools. This was a complete misinterpretation of the 1st Amendment concerning the establishment of religion. The Amendment was intended to prevent the government from establishing a state religion, like the Church of England. It was never presumed to curtail Christian prayer in public.
While President of the United States, Thomas Jefferson was elected the first president of the Washington, D.C. public school board, which used the Bible as a reading text in the classroom. And Jefferson was considered a liberal.
Public prayer was a constant exercise during our early government. John Quincy Adams said, “The highest glory of the American Revolution was this: it connected in one indissoluble bond the principles of civil government with the principles of Christianity.” That says much. Christianity was the predominate religion in America and remains so. And for that reason, everyone, regardless of religion or no religion at all is welcome at the table. It was never meant to spread secularism or to preclude Christianity in public life.
Rowe v. Wade – 1973
In Rowe v. Wade – 1973. Much has been written concerning this abomination of a court decision. What it simply did was reduce the child in a mother’s womb to a thing, a choice, a ‘medical condition.’ The preamble to our Constitution states:
We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility, provide for the common defense, promote the general welfare, and secure the blessings of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America.
The justices in their infinite ignorance simply removed the word posterity. That is not interpretation. It is altering.
The majority Justices did not or would not understand the founders’ understanding of the ‘right to life’ as expressed by the jurist William Blackstone of 18th century common law. The very thought of a woman exercising a superior right over the lessor right of a daughter or a son would have been hateful. Reduce the worth of a child and you diminish the worth of all human beings.
Obergefell v. Hodges – 2015
In Obergefell v. Hodges – 2015, the Supreme Court decided in favor of same-sex marriage, a further assault on our dignity as a Judeo-Christian nation. It was the elevation of the union between two people of the same sex to the rite of marriage, a sacrament of the Christian Church, a holy union. In other words, devaluing the state of matrimony the church considers holy by couples Scripture considers unrepentant. For millennia it was inseparably linked to procreation, the family, a union in which the state has a societal interest in.
There was no legal ban on homosexual relationships or even legal unions, but it has now come to a point where acceptance is no longer requested, but approval that is now demanded. Chief Justice Roberts said in his dissent, “…the deepest problem with their decision was “the disrespect it shows the democratic process.” Roberts thought it should have been decided by the people. Justice Alito, in his dissent said, “This decision will be used to vilify Americans who are unwilling to assent to the new orthodoxy.” And so it has. Businesses being sued and made bankrupt for not baking a cake. We now have homosexual education being taught to four-year-old children and books being read to children by transsexuals.
Ours is a society turned upside down, a redefining of institutions and behavior previously accepted for thousands of years, as if we are gods, knowing good and evil. The Church is in a coma, concerned with pew count, not Biblical substance. We invent new genders, sexualize children, call violent criminals, nothing more than ‘victims of a systemically racist culture’ and, pedophiles? We normalize them, calling them ‘minor attracted persons’. It is becoming a society where no truth can be depended on. No rock to lean on.
True freedom requires responsibility and morality
True freedom requires responsibility and morality. John Adams said,
“The Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”
Maybe that is the reason we are losing our freedoms as we speak. It was not a giant leap to find respect for law and order diminishing. If the Left would have their way, for traditional Americans to be accepted into their world we would have to deny the existence of God and His law. And with the departure of God goes our natural rights, law and order, as defined in our Constitution. May it never be.
And so, who are these people that have caused what we have feared for so long to now become a blunt reality pounding on our doors? Who has given credence and legitimacy to everything slinking out of Pandora’s box? Who has paved the road to perdition? It is us. We have allowed it.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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