Dorsey Moves into Banking as Promised to Overthrow Trump


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 3, 2021 by Martin Armstrong

COMMENT: Mr. Armstrong, I thought you were wrong on Bitcoin and that it was a store of value. I can see now that it is only a trading vehicle as you have said. But what made me write to you is I just read that Dorsey is opening up an online bank. You got that right too. It is interesting when I read you and compare to others, you are the one who comes out correct in the end.

My humble apology for being a doubting, Thomas.

GP

REPLY: I know for a fact they have allowed Bitcoin and other cryptocurrencies to exist in order to condition people into accepting the end of paper money. I cannot understand people who think I am wrong and somehow cryptocurrencies will overthrow the dollar and governments. Really? Does anyone really believe that governments will just relinquish power willingly?

We are headed into a wave of inflation, but one that is constructed on shortages. One need only look at the systemic problems behind the shortages created by a planned economy during the communist era. A goods shortage was the norm. Those under communism were confronted with chronically empty store shelves. When the shelves were replenished on rare occasions, there were long lines that would form outside the stores for blocks. I had a Russian girl who worked for me as a programmer. She said the number one problem coming to America was having to make decisions in the store. She said they had only one type of toilet paper. There are so many here. She didn’t know how to buy anything for each purchase involved a choice and decision.

Even in China, there were ration coupons that became the norm. Just about everything was rationed. This is what takes place when the government is in control of production be it directly, or through what we are beginning to see, outrageous regulations – lockdowns which are hailed by Schwab’s World Economic Forum.

This is NOT really a question of I TOLD YOU SO. This is not a contest of my opinion v someone else. I really have to wonder if some of those mouthing these absurd forecasts are not being made as deliberate misinformation to move people toward a digital currency on behalf of the powers behind the curtain. They defy all reason and show either sublime stupidity or cunning devious misinformation to manipulate society to pull off this Great Reset.

I warned back on January 21, 2021, that BigTech sees the power to overthrow the banks. These powers have declared that they want everyone in the banking system worldwide to end paper money, which is over 1 billion people (just read the IMF). This is why Dorsey, Facebook, YouTube, and Google along with Microsoft were blocking Trump and funneling money to the Democrats who bribed them with the dream of controlling international banking. If governments take Schwab’s solution and default on all its debt, then they NO LONGER NEED THE BANKERS to sell their bonds. Branch banking will come to an end and these people think they will move to a controlled economy with no private debt. They are out of their minds!

I know what I am talking about. I have shaken the hand of Schwab. Have any of these people claiming Bitcoin will overthrow the dollar ever talked to anyone in authority?  I have met with board members of the IMF. There are those who are so desperate to convince people not to listen to me because they are part of the entire scam against We the People. I have been approached many times to join these globalists. They preach the Fourth Industrial Revolution is coming, but post comments on YouTube to try to prevent people from looking at Socrates because it forecasts their demise. Sorry Schwab, but Socrates says you fail!

Schwab and his cohorts think locking us all down and destroying the economy and production is a good thing. I cannot see how ANYONE takes a position against me who is not really working against our freedom and human rights. They are so desperate to stop people looking at Socrates or the media to ever cover what Socrates is doing, all in their quest to conquer the world.

So it is not I TOLD YOU SO, this is not a matter of opinion. This is a serious global effort to redesign the world economy and Socrates stands in their way.

Greta’s Nightmare


Armstrong Economics Blog/Climate Re-Posted Mar 3, 2021 by Martin Armstrong

One crisp winter morning in Sweden, a cute little girl named Greta woke up to a perfect world, one where there were no petroleum products ruining the earth. She tossed aside her cotton sheet and wool blanket and stepped out onto a dirt floor covered with willow bark that had been pulverized with rocks. “What’s this?” she asked.
“Pulverized willow bark,” replied her fairy godmother.
“What happened to the carpet?” she asked.
“The carpet was nylon, which is made from butadiene and hydrogen cyanide, both made from petroleum,” came the response.
Greta smiled, acknowledging that adjustments are necessary to save the planet, and moved to the sink to brush her teeth where instead of a toothbrush, she found a willow, mangled on one end to expose wood fibre bristles.
“Your old toothbrush?” noted her godmother, “Also nylon.”
“Where’s the water?” asked Greta.
“Down the road in the canal,” replied her godmother, ‘Just make sure you avoid water with cholera in it”
“Why’s there no running water?” Greta asked, becoming a little peevish.
“Well,” said her godmother, who happened to teach engineering at MIT, “Where do we begin?” There followed a long monologue about how sink valves need elastomer seats and how copper pipes contain copper, which has to be mined and how it’s impossible to make all-electric earth-moving equipment with no gear lubrication or tires and how ore has to be smelted to a make metal, and that’s tough to do with only electricity as a source of heat, and even if you use only electricity, the wires need insulation, which is petroleum-based, and though most of Sweden’s energy is produced in an environmentally friendly way because of hydro and nuclear, if you do a mass and energy balance around the whole system, you still need lots of petroleum products like lubricants and nylon and rubber for tires and asphalt for filling potholes and wax and iPhone plastic and elastic to hold your underwear up while operating a copper smelting furnace and . . .
“What’s for breakfast?” interjected Greta, whose head was hurting.
“Fresh, range-fed chicken eggs,” replied her godmother. “Raw.”
“How so, raw?” inquired Greta.
“Well, . . .” And once again, Greta was told about the need for petroleum products like transformer oil and scores of petroleum products essential for producing metals for frying pans and in the end was educated about how you can’t have a petroleum-free world and then cook eggs. Unless you rip your front fence up and start a fire and carefully cook your egg in an orange peel like you do in Boy Scouts. Not that you can find oranges in Sweden anymore.
“But I want poached eggs like my Aunt Tilda makes,” lamented Greta.
“Tilda died this morning,” the godmother explained. “Bacterial pneumonia.”
“What?!” interjected Greta. “No one dies of bacterial pneumonia! We have penicillin.”
“Not anymore,” explained godmother “The production of penicillin requires chemical extraction using isobutyl acetate, which, if you know your organic chemistry, is petroleum-based. Lots of people are dying, which is problematic because there’s not any easy way of disposing of the bodies since backhoes need hydraulic oil and crematoriums can’t really burn many bodies using as fuel Swedish fences and furniture, which are rapidly disappearing – being used on the black market for roasting eggs and staying warm.”
This represents only a fraction of Greta’s day, a day without microphones to exclaim into and a day without much food, and a day without carbon-fibre boats to sail in, but a day that will save the planet.
Tune in tomorrow when Greta needs a root canal and learns how Novocain is synthesized.

Spinning Turbines, or Not!


Tony Heller Feb 17, 2021

The wind turbines have shut down in Texas, and now green energy scamsters are spinning the truth to place the blame on somebody else. YouTube shut me down for two weeks and has made it clear to me that they intend to silence me. Please subscribe to https://newtube.app/TonyHeller​​ or https://rumble.com/user/tonyheller

Klaus Schwab Advocates Perpetual Lockdowns?


Armstrong Economics Blog/Conspiracy Re-Posted Mar 2, 2021 by Martin Armstrong

Klaus Schwab thinks imprisoning people is a good thing. We really have to purge EVERYONE from a political office that pays any homage whatsoever to Schwab and his World Economic Forum. In addition, any CEO of any public corporation that is in league with Schwab and his World Economic Forum is committing fraud upon their shareholders. They have a FIDUCIARY duty to the shareholders — not stakeholders. That is the law. If I go public and raised $10 billion, and then say I will hand $2 billion to my personal favorite charity from company money, I think that would be a fraud! The Securities & Exchange Commission is NOT doing its job, for they look the other way on CEOs supporting Schwab and bankers.

How to Think about Climate Change


William Happer speaks at Hillsdale College’s National Leadership Seminar on February 19, 2021, in Phoenix, Arizona.

How to Think About Climate Change | William Happer William Happer Professor of Physics Emeritus, Princeton University. has published many papers on the subject of the physics of green house gases in the earth’s atmosphere. In my option he is one of the world’s most knowledgeable scientists is the world on this subject.

Tony Heller Explains what Happened in Texas in February comes directly from Miss-Information on Climate Propagated by Bill Gates


Tony Heller99.3K subscribersSUBSCRIBEThe core problem is that we have a few very rich people controlling the flow of information, which is leading to very bad policy. YouTube shut me down for two weeks and has made it clear to me that they intend to silence me. Please subscribe to https://newtube.app/TonyHeller​​ or https://rumble.com/user/tonyheller

Climate Change & the Dollar


Armstrong Economics Blog/USD $ Re-Posted Mar 1, 2021 by Martin Armstrong

COMMENT: Marty, at first I was not sure why you were focusing on the climate change issue. I now understand that climate is the main driving force behind this Great Reset which is out to undermine capitalism. Looking at the dollar through a global view I can see that cash is not trash.

Thank you for broadening my perspective.

HJ

ANSWER: Yes, perhaps my biggest mistake is I see things globally but do not always fully express them in a simple manner. Despite the increase in the money supply, the demand for dollars is escalating dramatically around the world. The Fed has been increasing the paper money supply for the demand is rising exponentially. Of course, those who keep preaching the collapse of the dollar because of the increase in the money supply,  fail to ever look beyond the shore of the United States. Even Canada has one of the highest debts among sovereign nations.

The problem is that other nations, including Canada, have the authority to simply cancel their currency. The US paper money is the only one still valid from 1861. Consequently, for hoarding purposes, the dollar is still the #1 choice for it is the safe place to keep the cash. Also, the USA is not part of the reporting practices. So foreigners can open accounts in the USA and they are not reported back to their own country. As a result, the demand for dollars is rising and it is simply the prettiest of the three ugly sisters as they say.

Trudeau Moves to Install Guaranteed Basic Income in Canada


Armstrong Economics Blog/Canada Re-Posted Mar 1, 2021 by Martin Armstrong

It is very interesting how Trudeau has called anyone who uses the term “Great Reset” is a conspiracy theorist, and he intends to just focus on helping Canadians. Those who are engaged in this Great Reset know they have the media on their side to push this Agenda 2030 forward without anyone ever having the right to vote on changing the world economy.

Nobody ever asks how if a 16-year-old get to Canada to appear in elections in Alberta or meet with Trudeau. Who paid all the expenses? To get there, the fuel consumed created CO2, and we now have these world leaders desperately trying to shut down international travel, hospitality, and the freedom to move, assemble, and speak.

I find the misinformation is coming from mainstream media and those engaged in this Great Reset. Here is the Bill introduced last week in Canada to create Basic Income which is the way to replace pensions if the government decides to default on all its debt and to provide income to people it is deliberately trying to terminate their livelihood to save the environment.

Trudeau calls it a conspiracy theory to simply say what he is really up to. These people fail to understand that CO2 is not the cause of cycles in climate. They are hurling human society toward a mass extinction by denying the population heat and food production.

We are considered the stupid Great Unwashed and as such we have no right to vote on our own future. To these people, we are simply the worker ants in their farm incapable of understanding the greater good. We have been reduced to economic slaves and people like Trudeau will put this international agenda from the World Economic Forum, and we are to just obey – democracy no longer exists.

Czechoslovakia Returning to Communism?


Armstrong Economics Blog/Socialist Re-Posted Mar 1, 2021 by Martin Armstrong

From Monday almost 30,000 police and 5,000 soldiers will be policing Czech Republic “covid” lockdown which is total home imprisonment and respirator (N95 mask) mandates. Of course, there was the Velvet Revolution which took place Nov 17, 1989 – Dec 29, 1989 as communism collapsed. The Czechoslovak Socialist Republic was the name of Czechoslovakia from 1948 to April 23, 1990, when the country was under Communist rule. It was simply a satellite state of the Soviet Union. The Communists were the big winners in the 1946 elections, taking a total of 114 seats. Hence, with a strong Communist position, the Soviet Union did not have to install its own puppets.

The Prague Spring, as it is know, was a period of political liberalization in Czechoslovakia whereby it was recognized that the economy was stagnating under Communism. This liberalization began on January 5, 1968, when reformist Alexander Dubček was elected First Secretary of the Communist Party. The liberalization continued until the Soviet Union and other members of the Warsaw Pact invaded the country to halt the reforms on August 20-21 August.

The Prague Spring reforms included a grant of additional rights to the citizens in an attempt to decentralization of the economy and democratization. Dubček granted freedoms which loosened of restrictions on the media, speech and travel. There was even the discussion of dividing the country into a federation of three republics, Bohemia, Moravia–Silesia and Slovakia. Dubček wanted to split the country into the Czech Republic and Slovak Republic. The Warsaw Pact invasion of Czechoslovakia was clearly an act of deperation to maintain Communism. The fear was that allowing this reform and its success would bring down the entire Soviet Union.

Therefore, the previous cucle had begun in mid 1916. This second wave which began in 1968, came to an end ironically precisely March 24th, 2020 one day after the COVID crasg low. Once more, we see the Czech government moving to restore effectively complete authoritarian rule under the pretense of this COVID virus. The next peak in the first 8.6 year wave will align with 2024. The following was reported by a reader living there.


This is to enforce the new total lockdown rules: no social contacts permitted with anyone who doesn’t live with you (not even with close family who don’t live in your household), no movement outside your district permitted (unless for essential work that must be documented), ban on leaving home between 21:00 and 05:00, all schools, kindegardens etc closed, all shops – except supermarkets and drugstores – and services closed (incl. car repair and home repair services), respirators mandatory everywhere at all time (but in open air where there is not a high concentration of people “only” surgical masks are mandatory).

And, everyone who was in any contact (even brief) with a positively tested person must quarantine for 14 to 21 days (21 days if they live with the “positive” person) AND get a mandatory test after this period (without a negative test they can’t leave quarantine ever).

And, same in Slovakia. Mandatory respirators/N95 everywhere, total ban on leaving home between 20:00 and 05:00, and the rest of the time you can only go out with a negative test certificate (same as before, since October pretty much). All commerce and services remain closed (since early October many of them, and since early December all the rest, except supermarkets and drugstores – but supermarkets are only allowed to sell basic food products and nothing else).

Now they’re also saying they’ll close all factories and industry next.