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.”
Gamestop has rallied back during the week of March 8th after all the hoopla. Cyclically, it was 13 years down and it was due for a bounce. Even our pattern recognition models picked up the rally starting in August 2020. Quite frankly, this has all the hallmarks of manipulation, but not what you may think. The classic manipulation is to pump up a market touting some player but the pros have already been in the market. This is how the Buffet manipulation of silver was done in 1998 and even the entire Hunt Brothers silver rally back in 1980.
I knew the Hunt Brothers were buying silver from the early 1970s. At the end, their name was attached to silver and the claim was they were taking it to $100. At that time, the exchange pulled the same maneuver and made it a fraction in margin to go short but 10x that to go long. The Hunts were trapped and could not sell anything without everyone jumping in front of them,
Melvin Capital, which was a small hedge fund lost 53% of its capital in January on GameStop. Not sure how that was possible unless the bet was purely a gut-trade rather than quantitative. The four largest asset managers in the world together own 39 percent of GameStop shares, according to regulatory filings. Those stakes, which are mostly held for years in passive index funds, have collectively gained roughly $1 billion in value since the beginning of this year. The hype of a huge short-squeeze seems to be exaggerated. One hedge fund, Senvest Management, recently boasted to clients that it made more than $700 million from a bet on GameStop in September, the Wall Street Journal reported. Certainly, our model was long, not short and I cannot see even a trend-following-model that would have been short. Melvin Capital to lose 53% does not seem to be very professional to lost that much on a single stock. The long-term is not over in this stock.
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.
Honestly, this bizarre future of masks and social distancing seems to be a clever way to reduce the population. If everyone is terrified of catching a disease from someone else, then how do people ever get together? I suppose we can go to his light and hold hands safely?
The Build Back Better slogan was actually all prepared in 2019 BEFORE Covid. This entire movement was set in motion using the virus to stage this event all for climate change. Every step of the way this propaganda has been orchestrated in high gear which took off in August 2019. The Climate Clock was turned on in September 2020. The Guardian even published that their agenda is to lock down the world economy every two yearsto meet the arbitrary agenda of the UN’s Paris Accord.
Our investigation of the March 2020 Crash indicates that it was a fail attempt to crash the economy to roll out the Build Back Better agenda. Not that the crash was just 6 weeks and the move was 19.39% on the sixth week. To compare this even to 1929, by week six the decline was only 7.32%. The only comparison is actually the 1987 Crash which took 8 weeks to bottom. There the 8th week was 25.31%. However, from the 1987 Crash, it took 78 weeks to elect the first Weekly Bullish Reversal. Here it took just 19 weeks to elect the first Weekly Bullish Reversal.
Here is a comparison of the 1987 Crash with that of the 2020 Crash using our Energy Models. Note how Energy peak with the formation of the high whereas going into the high we saw a massive reduction in Energy. When the market crashed, Energy rose and remained high. Besides the fact that it was the shortest crash in history, the market was bouncing back rapidly. All indications are that those behind the Great Reset were hoping to create an economic depression and to undermine the stock market in hopes of overthrowing Trump. What they did not count on was the shift from PUBLIC to PRIVATE assets. When we look at the events and how they unfolded, it appears that this was a failed attempt to undermine the economy to support this Build Back Better agenda which would have been easier from a Great Depression vantage point as was the case to Roosevelt.
The World Economic Forum does not allow transparency. They keep their finances TOP SECRET. There have long been serious concerns about Klaus Schwab’s conflicts of interest and his lack of transparency with respect to the financial data of his World Economic Forum. Others have been concerned that his family’s background has been scrubbed from the internet to hide the fact that family members aided Hitler.
With Schwab’s unprecedented control over world leaders, it is not that surprising that nobody will ever investigate his operation nor ask for full disclosure of their operations.
COMMENT: Martin: I saw your comments on Europe today, and may have sent this to you before but can’t remember. I have a tract in my office from the 1920s, written in English by the Italian Fascists. I’m going from memory here since I’m writing this from home, but basically, the tract says that the Fascists were much more intelligent than the Communists. The Communists wanted to destroy the economy first, then rebuild something from nothing. The Fascists were more intelligent, preferring to take control of the economy in partnership with both business and labor. MHB
REPLY: I think that is an excellent distinction between the two. I have found it laughable that people were calling Trump Fascist when that would have meant he turned his companies over to be controlled by the government. This is the problem today. People are throwing around labels and have no idea what they really mean.
I stated before when I worked from an office in Philadelphia which was directly across from City Hall. The Occupy Wall Street protesters were there and as I left the office dressed in a suit and tie, one yelled at me “You Corporate Liberal” as if that was wrong. I just looked at him and had to laugh. What was a corporate liberal? Someone who gave the company money away? They were just merging labels with no idea of what they were even saying.
Communism is what these people are doing for they believe they must destroy the economy and then BUILD BACK BETTER, whereas fascists indeed seek only to take control of what is in place.
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