Here we have yet another person pushing the climate change agenda who also has no scientific background to question the very words he is speaking. This is not a movie script to read. He too is trying to use his star-status to force people to lose their jobs and has been also a speaker at Schwab’s World Economic Forum in Davos. This has been the agenda and they are pushing this on world leaders bypassing any democratic process. For these people see us as the great unwashed and we are too stupid to understand what they so brilliantly have come to understand.
QUESTION: Marty, you mentioned several times now, that the ECB MUST convert to a digital Euro. I have done speeches about that based on a paper from the IMF (Christine Lagarde) last year, in which they too discuss how to do it. But I have a serious question regarding timing.
I live in Germany and I would say that WE (the country) are not ready for such a move yet. Let alone many people. I have people in my family who still don’t have smartphones (just plain mobile).
I am completely with you that this move is coming (I am also part of a crypto community but as a critical member (I am the party spoiler there)).
But how can they move to a digital Euro to prevent bank runs, when I can’t see the infrastructure in place to do so.
Especially in such a short amount of time rg. the date you mentioned. They can eliminate cash withdrawals, yes, but paying with my smartphone reguires technology .. ?
Thanks a lot,
A
ANSWER: We are talking about bureaucrats. They only think in concepts much like Klaus Schwab’s Great Reset. The practical application of what they are doing is not there. They lack even the infrastructure, as in California, to force all cars to be electric. They do not have the power grid to support that.
I was in meetings where they actually told me with a straight face that they had to take trading the Euro away from Britain. I asked if they were going to take it away from the USA, Japan, Hong Kong, Singapore, etc? They looked at me puzzled, and said no! Just Britain. I asked if they really wanted to control the Euro just convert it into the old Soviet Union ruble. No free market at all.
Then there was all the rage that in London the big banks all threatened that they would move their trading to Frankfurt if BREXIT took place. But again, neither Frankfurt nor Paris has the telecommunication capacity of London. They could not possibly set up shop in Europe. There is no infrastructure to match London.
The problem that is the hidden crisis is that they have DESTROYED their own bond market. The ECB cannot even allow its balance sheet to shrink as debt matures. The Federal Reserve was not rolling over the debt they bought back in the 2007-2009 crisis. As it matured, they cashed it in.
The ECB is trapped. It cannot shrink its balance sheet for there is no market for the debt. They have finally agreed to fund this Coronavirus destruction they organized by creating combined Euro Debt for the first time. That is because nation-states cannot raise the capital.
They lack the infrastructure on every front. That does not mean they will not try. They have run out of opinions. They are desperately trying to revive their debt market, but they have wiped it out with negative interest rates since 2014.
This is what I keep warning about. INFLATION has nothing to do with the money supply any longer. Those are an old idea from the time of Gresham’s Law in advising Queen Elizabeth not to debase the currency as her father did.
We must understand that the exchange value between the various currencies back then was the metal content. Therefore, inflation was a factor of the exchange rate rather than the money supply. The more the coinage was debased, the more people hoarded the old currency. Hence, Gresham’s Law became that bad money drives out good. As this process takes place, the money supply DECLINES because of hoarding. This forces the state to debase even more to create money to pay its expenses. Roosevelt confiscated gold in 1934 for the same reason – people were hoarding gold. The German hyperinflation was the result of the 1918 Communist Revolution which scared people and they converted their money to foreign currencies and hoarded precious metals. The greater the hoarding, the more the money supply shrank, which in turn forced the government to print more.
We find hoards of Roman coins during the 3rd century in particular after Valerian I (253-260AD) was captured by the Persians. That broke the confidence of the Roman people and other barbarian tribes in the north saw the weakness and began to invade.
The coinage collapsed in metal content in just 8,6 years. We find hoards of even the debased coinage because people lost confidence in the government. We see the very same patterns in human behavior over and over again.
This is a hoard of Arab gold dinars. We see always the same pattern of hoarding when there is a decline in the confidence of the government in power at that time.
The ECB can cut rates to try to stimulate and that failed. People are hoarding cash in Europe and that creates deflation. There is NO AMOUNT of money that can be created to offset the DEFLATION when people lack any confidence in the future. Then they are imposing this “New Norm” of lockdowns and destroying jobs and they actually expect to sell debt and keep interest rates at negative and somehow this will stimulate the economy they have worked so hard at destroying? The increase in the money supply of all these central banks is still less than 20% of the economic contraction globally.
QUESTION: Hi, Mr. Armstrong I noticed that the national news agency in my country had an article about a local digital currency in Maricá, Brazil. It is called Mumbuca. What I read about Mumbuca sounds good and all that, but I am curious if the news is just conditioning people to a new age of digital currency. Do you have any comments about Mumbuca? Thank you for your time and what you stand for. Best Regards AA
ANSWER: It is important to highlight that Mumbuca is a local digital currency whose name is a reference to the main river and to one of the native peoples of the city. A unit of Mumbuca is equivalent to R$ 1.00 (US$ 0.19). What is interesting is that this is a local city currency much like the Depression Scrip of the 1930s. This is really an experiment of guaranteed basic income. Increasingly, customers in the city don’t pay with cash but with this digital currency. They receive it as part of the town’s basic income program. They pay with a quick scan of a QR code, using their phones. So far, just over 42,000 inhabitants can pay local merchants with Mumbuca.
This is Brazil’s first big experiment with digital currency. Those without smartphones can pay using a card, which has a scannable barcode. They are way ahead of the game and, actually, it is being followed closely internationally.
Mainstream media is still desperately acting like the Nazis at Nuremberg — I was just following orders. ONLY Sky News in Australia has the guts to call out these people for what they are. Klaus Schwab and his academic dreams of reordering the world have to be exposed. A CLASS ACTION lawsuit should be filed against Schwab and his World Economic Forum; subpoena all the financial records and internal notes, and DO IT QUICKLY before he and others destroy them. Schwab’s arrogance has created over 300 million unemployed and he has been instrumental in advising world leaders to destroy their economies.
The World Economic Forum is a leftist organization and they are using their influence. They knew this virus was coming. Within weeks, he was standing by with his Great Reset. That lawsuit needs to be filed in the USA and it MUST NOT be in the Southern District of New York. That is the most corrupt court in the country and they will protect Schwab along with all the bankers that they are notorious for protecting.
The mainstream press really should be sued and put out of business for deliberately engaging in propaganda against both the people and furthering Soros’s One World Government. ABC, CDS, NBC, and CNN, along with the Washington Post, and the New York Times have deliberately pushed this virus into scare tactics to further Schwab’s Great Reset. We seriously need the Fairness Doctrine restored whereby ALL media must present both sides. They are a disgrace to the very spirit of free speech. So many people lost everything because of these people.
I find it very interesting how these billionaires seem to want to prevent anyone else from making a lot of money, for perhaps they would do as they are doing and fund the opposition. It is just amazing how divided the world is becoming and that is the element needed for revolutions.
The film the Forum made its debut in New York City. I was invited there. My criticism back in 2019 was that I thought the film was supposed to be about Schwab’s accomplishment in creating the World Economic Forum when I found it was focused on climate change and Greta.
In the April 28, 1975 edition of Newsweek, they actually proposed solutions for climate change that included outlawing internal combustion engines. The interesting aspect was the fear at that time was about global cooling — not global warming. The 70s were dominated by the fear that we were facing manmade global cooling, not warming. TIME magazine’s January 31, 1977 cover featured a story, “How to Survive The Coming Ice Age.” It included “facts” such as scientists predicting that Earth’s so-called average temperature could drop by 20 degrees Fahrenheit due to manmade global cooling. Dr. Murray Mitchell of the National Oceanic and Atmospheric Administration warned readers that “the drop in temperature between 1945 and 1968 had taken us one-sixth of the way to the next Ice Age temperature.”
Global cooling was the big scare as it gained considerable support among me-too scientists as we once again see today with global warming. However, suddenly as everything is cyclical, instead of cooling as long predicted by manmade climate change advocates, the planet began to warm again. OMG! We were wrong! Something had to be done to rescue the climate change agenda from total disaster and scientists who proved they were not so scientific.
This is when Al Gore came to the rescue. Just like the poles flip on the sun every 11 years, Al Gore flipped the argument from manmade cooling to manmade warming to save the end goal — eliminating all fossil fuels regardless of the evidence. Who needs science when you can just make up the studies and cherry-pick the facts to support whatever you want.
Al Gore Sr. was a very influential and powerful Senator from Tennessee. Even Wikipedia said that Gore was “an avid reader who fell in love with scientific and mathematical theories, but he did not do well in science classes and avoided taking math.” Nevertheless, his father made sure that his son was elected to the House of Representatives, serving from 1977 to 1985, and then going on to the Senate from 1985 to 1993.
Gore’s primary issue became his obsession that the Earth would perish if we did not eliminate fossil fuels. When he advanced to Vice President under President Bill Clinton, Gore was at last able to enact policies and direct funding to ensure that the climate change agenda became a top priority of the United States Government. Gore had the authority now to create the President’s Council on Sustainable Development. Gore immediately changed the Council’s Charter on April 25, 1997, amending the “Scope of Activities” to include advise the President “on domestic implementation of policy options to reduce greenhouse gas emissions.”
It was Al Gore who steered the Council to identify and encourage the reduction in greenhouse gas emissions across diverse sectors and levels of society. This is the man who has convinced others using science he did not understand and avoided in school, yet he is prepared to push his ideas that are no different than some new religion and force everyone to accept his beliefs or go to prison for even refusing to wear a mask. He joined with Greenpeace, which was engaged in violence to push their agenda, and became a board member of the World Economic Forum to steer that organization against all opposition and to support the fall of democracy because we should not have a vote in how our future is to unfold. He disagrees with the American Constitution that we are entitled to freedom of speech, assembly, and the pursuit of our own happiness. Like all leftists, Al Gore will not tolerate dissent. It is always their way or no way which is why Marxism has killed more than all the wars of religion combined.
The Council was charged originally to advise the President “on matters involving sustainable development.” Gore rejected any alternative points of view on the science of climate change. He deliberately excluded all opposition is the tradition of a true leftist. He had made the conclusion that the Clinton administration would go in the direction of global warming reversing the very same argument from the 70s that fossil fuels were causing global cooling. In the cover letter to the President that was accompanying the 1999 report, Advancing Prosperity, Opportunity and a Healthy Environment for the 21st Century, Gore made sure that the Council concluded: “Our report presents consensus recommendations on how America can reduce greenhouse gas emissions and take other steps to protect the climate.” This was AFTER he blocked all opposition.
The world had to change and anyone who disagreed with Gore had to be rejected and criticized as fake science. This became Gore’s strategy to take over the world and force the abandonment of fossil fuels. He directed all the agencies which included the Department of Energy, Environmental Protection Agency, National Science Foundation, Department of Education, National Oceanic and Atmospheric Administration, and National Aeronautics and Space Administration, to adopt his agenda.
When physicist Dr. William Happer, then Director of Energy Research at the Department of Energy, testified before Congress in 1993 that scientific data did not support the hypothesis of manmade global warming, Gore went nuts. Gore immediately had Happer fired. It was 15 years later when Happer commented: “I had the privilege of being fired by Al Gore since I refused to go along with his alarmism. I did not need the job that badly.” Greenpeace then later tried to slander him saying he was being funded by the energy industry. They always twist the facts and then try to claim if someone is approached for their ideas and asked to do a study it somehow discredits their original conclusions.
Al Gore used his theory to gather a personal fortune that has exceeded $300 million. Gore’s movie, “An Inconvenient Truth,” put forth nothing but propaganda. It was challenged in the courts in London when they were trying to force students to watch it. The court found that Gore’s documentary contains nine key scientific errors. The judge declined to ban the Academy Award-winning film from British schools but ruled that it can ONLY be shown with guidance notes to prevent political indoctrination (see Telegraph 10/11/2007)
This year’s World Economic Conference, which Nigel Farage called “the alternative to Davos,” will be held in Orlando on December 4 & 5. We had to cancel Shanghai and Frankfurt this year, but our arrangements with the hotel here in Orlando and politics have opened doors. We will not be able to accommodate the usual 1,000 attendees. This will be a limited in-person session, but it will be more intimate.
Since so many people from overseas may not be able to fly in this year, we have made arrangements to have a virtual conference option for everyone to participate globally. We still have to limit that to a max of 20,000 attendees simply as a matter of technology (sorry, we cannot handle more than that).
From the outset, I have explained that not only did Socrates begin to pick up what has turned into this COVID scam in August 2019, but our HIGHLY RELIABLE inside sources were also already warning that strategic players were selling as early as December of last year, and telling people a “virus was coming.” There are clear warnings within the global economy that we are facing serious upticks in civil unrest in Europe. However, we now have ANTIFA overturning statues of even Abraham Lincoln. Obviously, this has migrated from toppling statues of racists to just pulling down statues of any president which is anarchy.
(Click on Image to see World Markets)
The WEC has been the only truly international conference held since 1985. To see the future of any country requires us to look at the world. As you can see, not every market has been making new highs. Capital flows are ABSOLUTELY critical. We have the ONLY such model gathering the global information of ebbs and flows from all countries and Socrates is writing reports on over 1,000 instruments around the world. This is not about my personal opinion or gut feelings. We have to look at the world objectively and call the shots as the data requires.
o truly see the future this cannot be done on a gut feeling. Nobody is going to be consistent on this one. Our only shot is to see this through the lens of Socrates. What will be critical here is looking at this from a global perspective. Those attending in-person will receive their mug and their autographed copy of “The Cycle of War and the Coronavirus.” Virtual attendees will receive all the digital copies of reports being provided and videos. We have countless separatist movements brewing in Europe, Canada, the USA, and even Australia.
This is going to be obviously an important WEC. We have so much from rising civil unrest, international tensions, governments trying to lock people down, and they are already proposing this as the “new norm,” for lockdowns may be necessary to stop climate change, which has been the real agenda from the start. They think we are stupid. Granted, there are a lot of fools out there who just follow whatever they are told. We have billionaires trying to change the system to socialism to prevent people from ever making what they did to cut off any competition.
Even Schwab’s movie launched in 2019 was skewed to climate change as he was preparing this agenda for the Great Reset. This has been a grand plan.
We are fighting against the fools who think this is just something like a ship that will pass in the middle of the night. The global markets are revealing the trend. It is time for us to listen to the whole and not just one market.
Are we really ready to give America to a mentally infirm man and Congress’s most radical Senator? Then prepare for the most shocking societal change since Nero sat on Caesar Augustus’ throne. Consider advertised progressive goals that are mere parasites on those necessary for human flourishing.
From Full-Throated Capitalism to Sickly Socialism
Consider, after recent historic low minority unemployment, we’re informed the real need is increased socialism, despite our #1 Fed budget item being social welfare. Again, no Global Warming prediction has ever materialized. Yet, we’re constantly directly to immediately install radical policies or perish. These policies, by jousting with unicorns, will destroy the American economy. Biden plans $4.3 trillion in tax increases to fund universal healthcare, free college and many other new policies.
Maniacal Dems Democrats are led by maniacs. Consider spastic, glowering Speaker Pelosi, refusing to condemn riots or statue toppling. Informed of sanctions by the Senate if she retried impeachment, Nancy now invokes the 25th Amendment to declare Trump mentally unfit. Kamala is a Trojan Horse of mind-blowing leftism, while Biden an empty-headed human parrot, ready to pack the Supreme Court and ban petroleum while adding ruinous climate bills. Marxism waxes as historic America hangs out on a limb.
Dem Leaders & Economic Sabotage The leftist angle of COVID-19 laws and George Floyd Riots response reveals all plague rules and riot policing contingent upon mayor and governor party affiliation, delivering Trump economic sabotage. Democrats across America refused to condemn violence and destruction. So, while Portland burns, trust-fund Mayor Ted Wheeler still refuses Fed help, demanding de-federalizing city police. As Oregon Gov. Kate Brown ignores National Guard, waves of businesses abandon Portland. Marxist terror is meant to break the will and budgets of patriotic capitalists.
Safety & Police Implications It’s a truism of leftist jurisdictions BLM/Antifa rioters are not prosecuted. Given routine assaults and constant arson, insurance payouts may top $2 billion. Will these companies sue city and states for abandoning policing? With reduced funds and 700 police injured during protests, who will protect citizens as departments “defund”? Diluted future leftist courts won’t support law and order, either.
CONCLUSIONS: Nihilism is Not Leadership
Biden and Kamala eschew comments on court packing, banning petroleum and funding the New Green Deal. Given George Soros’ influence, “quality of life” policing will disappear. As America would fall into anarchy, we don’t have to accept this disastrous destiny. We can reject Demented Joe and ultra-ambitious, infinitely liberal Kamala. Let’s choose law, order, economic growth and patriotism, instead.
What is becoming increasingly clear is that those in strategic power countries have been bribed to impose lockdowns etc, and other countries have followed their lead assuming they are correct. The Flu deaths and real COVID are about the same. Governments have NEVER shut down the world economy for the Flu. It is obvious that there has been a covert operation behind bribing politicians most likely in Germany, Britain, Canada, and Australia for starters. We would NEVER have closed the world economy for the upcoming flu season. The number of doctorscoming out against COIVID keeps growing. The more doctors who come out, the more others are encouraged to speak the truth.
A lock down protest
The press is corrupt and is working very hard to destroy our culture and society. You do not find it in the mainstream press in Germany. They keep trying to pretend these protests do not exist. They are the imagination of “conspiracy theorists” so there is nothing to report. This time, the Berlin protest was well organized and everyone kept the social distance so the police had no justification to attack the people ruthlessly as they have been doing.
I am warning right now, Europe is risking a violent uprising if it keeps this Great Reset agenda of Klaus Schwab and Bill Gates. From February onward there is a risk of civil unrest against this absurd agenda. Schwab with his vision of the Fourth Industrial Revolution all built of green energy is the fantasy of a typical academic. Nobody created the industrial revolution. No government invented the steam engine which set it in motion and they NEVER designed or managed it.
In fact, the government ALWAYS interferes and suppresses economic innovation. Britain imposed a law that anyone driving a new-fangled automobile had to have a man walk before it with a horn and a flag to warn people one of these machines was coming. By 1890, the mergers of all these small railroad companies led to the Marxist intervention known as the Sherman Anti-Trust Act. Sherman saw that mergers reduced jobs in the light of Marxism. The internet has been created in the very same way. Small startups are bought out and further the advancement of the whole.
Schwab is so wrong it is laughable. It demonstrates that academics cannot learn everything without experience. Communism collapsed for the very same reason that a planned society cannot replace human ingenuity because bureaucrats, like academics, lack the experience to actually see how the economy evolves.
These people are HIGHLY dangerous for they are fulfilling what our computer has been forecasting – the collapse of Western Civilization and the shift to China of the financial capital of the world. We DESPERATELY need to stop these people. They are destroying our future and that of our children because of their arrogance and lack of experience. If they remove Trump, they win for he is the ONLY person who would dare to prosecute any of these people.
Here is the 2020 Election Forecast and Beyond. This is a special report that provides the Forecasting Arrays out for 12 years so this is not just the 2020 election. Here you will see firsthand why the markets crash and then rally and people are confused and this illustrates why I have said that I am not afraid of Trump but comes AFTER Trump and why elections may vanish post-2024.
Anyone can claim to have forecast the Trump victory in 2016 based on a gut feeling expressed logically for their reasons. Here the first four political models back in 2016 were all unanimous calling for a Trump victory – not my personal opinion. Only Socrates was able to forecast Trump’s victory years in advance and BREXIT. Neith was based on my personal opinion. The standard in the forecast is one opinion against another. We have to move beyond that if we ever hope to see the future consistently.
This nearly 200-page report provides the models on both the prospects for Trump based on the popular vote as well as the Electoral College. Then you will find the forecasts for the combined Senate and House – Congress with the system models, technical analysis, and the cyclical Arrays. This is followed by specific sections for the Senate and Congress.
Then you will find all 50 states covered with the model forecasts for the outcome of each state.
This is the report we would provide to those in power for each election. Because of the seriousness of what we face on a political level globally, we are making this report available to everyone. Those attending the World Economic Conference need not purchase this report – it is included in your ticket price.
We will be posting this report for downloads next week.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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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