Bank Failures – A Push for CBDC?


Armstrong Economics Blog/Corruption Re-Posted May 2, 2023 by Martin Armstrong

Monday saw the largest banking failure in the US since 2008 after First Republic went under, marking the third death of a US bank this year. Regulators took possession of the bank this Monday and JPMorgan Chase will acquire the majority of the bank’s assets and remaining deposits worth around $92 billion. First Republic Bank’s stock fell nearly 50% after reporting a significant drop in deposits in the first quarter of 2023. First Republic’s stock value tanked 97% on Friday due to fears of a bank run or failure, and the executives were silent on the health of the bank because they knew they were doomed. JPMorgan Chase coming to save the day is not a good sign.

All of these small and mid-sized banks are struggling with liquidity. The larger banks are gaining more power and influence. JPMorgan Chase’s CEO is nothing like the man who founded his company and actually saved the US from a banking disaster. CEO Jamie Dimon is a World Economic Forum member who fully supports the Great Reset. He wants the US to invoke eminent domain in order for the government to seize your private property.

These are his words, not mine. Dimon noted in his letter to shareholders that “governments, businesses and non-governmental organizations” may need to invoke “eminent domain” in order to get “adequate investments fast enough for grid, solar, wind and pipeline initiatives.” He is adhering to Agenda 2030 and believes that our freedoms need to be removed under the excuse of climate change. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his letter.

I will not be surprised if Jay Powell mentions CBDC this Wednesday just to get the public accustomed to the idea. All of these issues can be used as an excuse to implement CBDC as the “safe” alternative to traditional banking. It would be easier to implement if there were only a handful of banks working with the government. The US has never canceled its currency but every empire, nation, and city-state falls in the same manner. The plans for the Great Reset are out in the open and the WEF has infiltrated nearly every government cabinet in the world and bought out the bankers. The day will come when the government gives us a deadline to turn in our paper currency to be converted into CBDC, providing them with complete financial domination over the people.

The Rule of Law – BEWARE Crypto-Lovers


Armstrong Economics Blog/Cryptocurrency Re-Posted May 2, 2023 by Martin Armstrong

COMMENT: Mr. Armstrong; I think it might be helpful to explain to people that the government can subpoena any third party with regard to cryptocurrencies and they will turn over whatever they have that will incriminate a person. As a lawyer, I have to defend a client who thought Bitcoin was exempt from central banks and totally safe. He even seemed to think if there was a nuclear war that Bitcoin would still exist in South America. Some people are just so gullible it is sad and now he faces several years in prison for tax evasion. Perhaps it would help to explain how a third party will turn over whatever they have on you and that includes Google etc.

Many people listen to you because you are not a conspiracy junkie.

All the best

WH

ANSWER: You have a good point. DO NOT even allow Microsoft One Drive to have anything. The government will subpoena any third party and they will give up everything. I do not understand why people are such diehard Bitcoin lovers. ANYTHING that will be on the power grid the government will control if you believe it or not.

Bitcoin is a TRADING vehicle no different from cattle. It is NOT a store of wealth, as it fluctuates like everything else. This is a quarterly chart of Bitcoin. It rises and falls no different than any other instrument. It is not a “store” of value maintaining some constant value to park your money.

ALL cryptocurrency is on the target list for the Biden Administration. We are entering the final stages of the Decline & Fall of Western Civilization. You can see as we progress, they will become more and more aggressive because they can feel their power slipping away. ONLY tangible assets make the transition to the new value on the other side of 2032. NOTHING digital will make that transition.

Both the United States and Europe will split. That means the rules will be different everywhere, and there will be places without power. No power = no value for any digital currency. Let’s get realistic here.

Senator Mitch McConnell Reminds White House of the Republican #1 Priority


Posted originally on the CTH on May 2, 2023 | Sundance 

The professional Republican Party is totally and completely disconnected from the average MAGA voter within it.  Cue the visual demonstration from today:

[Source Tweet]

This disconnect between the Republican establishment and the base voter has always been frustrating and annoying, but now they are taking it to entirely new levels of ridiculousness.   There must be multiple siphons and financial laundry operations from this Ukraine policy.  Nothing else makes sense.

Seriously.  Go ahead and tell me how the professional Republican Party is worth saving.  I’ll be over here, supporting President Trump.

Also, there’s a Twit video of Mitch McConnell below (from today) that everyone must see.  You tell me what’s going on. Something weird.

After spending several weeks recovering from a brain injury, this is Mitch McConnell today:

Posted in Big 

Interior Secretary Deb Haaland Testifies It’s Better to Get Rid of Jobs in USA, Live in Poverty and Save the Planet – Even if Rest of The World Doesn’t Do It


Posted originally on the CTH on May 2, 2023 | Sundance 

Around 15 years ago CTH outlined the inclusive goal of the progressive movement, modern Democrats as they were evolving, was to deconstruct the U.S. economic system so that Americans would be forced to live in government-controlled poverty. Essentially reduced to circling a campfire, eating sustainable algae cakes and picking parasites off our family members.

Most people understandably scoffed and said we were being hyperbolic.  However, what we were highlighting was the natural conclusion of a visible ideology and set of policies.  The modern democrat ideology is based on a worldview that feudalism is superior, and Democrats are elite in their global magnanimity (defined as their virtuous self image).

Fast forward a decade+ later, and there is Joe Biden’s Secretary of the Interior, Deb Haaland, explaining why it is better for the health of the planet if Americans lose their jobs, lose their economic sustainability, starve in feudal poverty, as the virtuous government ships all the dirty jobs to China and retains their clean pro-climate agenda.   In Haaland’s defense, it should be noted that this has been the policy of Canada for quite a while.  WATCH: 

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Insert vote, pull lever, get pellet… repeat!

Sudan – The Russian Connection and New Proxy War


Armstrong Economics Blog/War Re-Posted May 1, 2023 by Martin Armstrong

Sudan is the new site for the ongoing proxy war between Russia and the West, reminiscent of the Syrian conflict. The media had turned a blind eye to the internal conflict in Sudan under the idea that it did not involve us, unlike other global wars that can be used for profit and power. Then Russia became involved, and the world began to notice the destruction happening in the African country. Russian oligarch Yevgeny Prigozhin is allegedly providing weapons and humanitarian aid to the RSF under the Wagner Group, a Russian paramilitary organization. Prigozhin claims Russia has not been involved with Sudan for two years, but numerous sources state otherwise. No one cared about the people of Sudan until Russia became involved, and now there is an international outcry with false flags galore.

“We do have deep concern about the engagement of the Prigozhin group, the Wagner Group, in Sudan,” US Secretary Anthony Blinken told reporters. “It’s in so many different countries in Africa — an element that, when it’s engaged, simply brings more death and destruction with it.” Wagner Group does operate in numerous countries in Africa and even has a naval base in the Red Sea that was established in 2019. Moscow has gained access to natural resources, military bases, and satellite locations, as well as securing arms deals, in exchange for providing mercenaries through Wagner. Most importantly, Russia has access to the gold mines in Sudan. The West is accusing Russia of using the proceeds from these mines to fund the war in Ukraine. There are also reports of Russian mercenaries surrounding the port of Sudan, and there are claims they are preventing people from evacuating.

The biggest false flag in Sudan — there is a risk of a “germ bomb” spreading across the globe after Sudanese soldiers hijacked a biolab. The World Health Organization (WHO) says the biolab poses a “huge biological risk,” and trained medical technicians can no longer access the facility. The facility has no power, and “it is not possible to properly manage the biological materials that are stored in the laboratory for medical purposes.”

Polio, measles, and cholera are the only diseases that they are reporting on. Coincidentally, these are illnesses with developed vaccinations, although the cholera vaccine is not widely used in the US. This could be a method to encourage vaccinations on the global population once again. It is also an excuse for foreign nations to invade under the premise of health vs. wanting to expel Russia.

What happened in Sudan is precisely what happened to all nations, empires, and city-states before their demise. Change happens once the people protecting those in power side with the disgruntled people pleading for revolution. The military generals who stick by the government are in direct conflict with those who wish for a regime change. As in Sudan, the military is no longer one unified body but becomes multiple warring armies fighting for power. This has been going on in Africa (e.g., Somalia) and countries in the Middle East for a long time. We will soon see the same course of action in the West—it’s just a matter of time.

Zelensky Selling State Assets to Line His Pockets Before Fleeing to Miami


Armstrong Economics Blog/Ukraine Re-Posted May 1, 2023 by Martin Armstrong

Zelensky is slick. He is now lining his pockets with the goal of becoming a billionaire when he flees to his estate in Miami. He is now trying to sell off all state assets in the fossil fuel sector to corporations like ExxonMobil, Chevron, and Halliburton. Of course, these companies are all showing that war is coming. The volatility rises sharply from 2024 on and a critical target will be 2026. This is what makes me think that the Neocons will do whatever it takes to stop Trump and that will include even assassinating him as they did to JFK to wage their war against Russia in Vietnam.

Robert McNamara (1916 – 2009) was a leading Neocon that pushed the country into the Vietnam War.  He was famous for saying: “I learned early on never answer the question that is asked of you. Answer the question that you wish had been asked of you. And quite frankly, I follow that rule. It’s a very good rule.”

Before he died, McNamara wrote a book, perhaps to clear his conscience, and finally admitted that they were wrong, particularly in their assessment of Russia as a threat. The Neocons today regard him as a traitor and wrong. I have yet to hear even any kind word about him from their camp of endless wars.

The perception that Russia is a threat is still dominating the agenda today. The propaganda that Putin is a KGB guy who wants to re-establish the Soviet Empire is absurd. In the 22 years that he has been in power, he has neither tried to re-establish communism nor has he sought to retake the old Soviet states like Poland, the Czech Republic, or even Ukraine. The same claims today about Russia are the very same ones that justified Vietnam.

Looking at the cycles in the markets and war, these people will destroy Western Civilization. The Ukrainian people are absolute fools, for their leadership is also so wrapped up in their hatred of all the Russian people that they are leading their country into total destruction. Ukraine will cease to exist as a country that they dreamed of. They are surrendering their lives all for the dreams of the Neocons with Blinken in charge.

Several families with people in the military are reporting that soldiers are being informed we will be at war as soon as this year. Then Army aviators, who are entitled to leave, have been told they suddenly now owe 3 more years instead. People are suddenly finding out that we are not in Kansas anymore. We have no rights, and the Neocons have seized control of Washington. Welcome to their version of democracy.

Writing on Twitter, Mykhailo Podolyak said the U.S. and other Western nations encouraged Ukraine to give up nuclear weapons as the former Soviet Union collapsed, offering safeguards in return. This was misinterpreted by Russia, leading to conflict, Podolyak is the warmonger who argues that there shall be no surrender of the Donbas despite the fact that the population there are Russians and that Kyiv began the civil war on the order of the American Neocons. It is not that Ukraine surrendered its nuclear weapons; that is a fool’s argument. Europe and the US have nukes and so do Russia and China yet we are headed into war anyway. He will not let the people of the Donbas vote in a democracy when they are treated like vermin and are hated as Russians. This is why Ukraine has become an evil empire destined to create World War III just as our computer forecast back in 2013 one year before their revolution of 2014.

Here are other “advisers” to Zelensky.

FISA 702 Reauthorization Scheduled for This Year – Here’s Why It Must Be Opposed


Posted originally on the CTH on May 1, 2023 | Sundance 

This is a repost of an earlier outline from last week, you’ll soon see why refamiliarizing yourself with the details is important.

Office of Inspector General Michael Horowitz testified April 27, 2023, that more than 3.4 million search queries into the NSA database took place between Dec. 1st, 2020 and Nov. 30th, 2021, by government officials and/or contractors working on behalf of the federal government. These search queries were based on authorizations related to the Foreign Intelligence Surveillance Act (FISA).

[OIG Testimony HERE]

Approximately 30% of those 3.4 million search queries were outside the rules and regulations that govern warrantless searches, what the politically correct government calls “non-compliant searches.”  That means more than 1 million searches of private documents and communication of Americans were illegal and outside the rules.

Additionally, IG Horowitz also admitted that somewhere north of 10,000 federal employees have access to conduct these searches of the NSA database; a database which contains the electronic data of every single American, including emails, text messages, social media posts, instant messages, direct messages, phone calls, geolocation identifiers, purchases by electronic funds, banking records and any keystroke any American person puts into any electronic device for any reason.

If we were in a functioning system of government everything would be stopped right now, and no conversation would be taking place that was not about this issue. This is the total and complete surveillance state being talked about as if we were discussing what’s for dinner.

This is beyond jaw-dropping.

Context: In 2018 CTH revealed through research of their own documents that FBI and DOJ/FBI contractors had done more than 1,000 illegal searches using the NSA database, targeting Republican primary candidates from November 2015 through May 2016. These stunning admissions were from the DOJ’s own reporting to the FISA court.

Few were paying attention.

Although the number of the illegal search queries were redacted, we know the number is four digits from the size of the redacted text. More than 1,000 and less than 9,999.

FAST FORWARD TO 2023 – April 27, 2023, IG Horowitz outlined that more than 1.1 million illegal searches of this database were conducted in 2021 during the first year of the Joe Biden administration.

Additionally, and perhaps more consequentially, to give scope to how the process of total domestic surveillance has expanded, Horowitz now admits in 2021 the number of federal government employees with access to this total metadata collection system now exceeds 10,000 people. STOP THE PRESSES!

Yes, congress is talking about this ‘as if’ there is some level of importance.  However, the basic questions are not being asked, or have perhaps just become so accepted that legislators have become oblivious to the insanity of it.   Beyond the blood boiling questions about searching the NSA database, questions like:

In order for these search queries to take place, there has to be a housing facility to capture it.

Where is all of this electronic data being stored?

Why is all of this electronic data being stored?

Who is in control of this all-encompassing electronic data collection?

Forget the searches for a moment, what act of congress authorized the capture of this private data collection?  Essentially electronic intercepts of communication systems that flow throughout our life.

The background context here is congress debating the renewal of the Foreign Intelligence Surveillance Act and the power of the DOJ and FBI to intercept American citizen communication and electronic data via the “702” authorizations, that permit the NSA database to be searched and queried.

If the inspector general is now admitting the FISA laws have been so comprehensively corrupted such that 3.4 million searches by more than 10,000 federal employees and government contractors now have access, there is no way that any reasonably intelligent person should support such reauthorization.  Even contemplating this request is absurd, beyond absurd.

The United States government is admitting to the public that a total and comprehensive surveillance state is currently in place, and 10,000 federal government agents have the authorization to monitor everything we do.

This is the admitted and current status of RIGHT NOW.  Yet people are worried about possible ‘vaccination passports’ or ‘digital currencies’ or ‘social credit scores’ sometime in the future?

Have we totally lost connection to the reality of our current condition?

Can you see the insanity of it?…  Or should we just ask, “what’s for dinner?”

Gaetz: It seems every time you write a report then the DOJ comes in and tells us they’ve now fixed everything

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Elon Musk Interviewed by Ann Coulter’s Old Boyfriend


Posted originally on the CTH on April 30, 2023 | Sundance 

Over the weekend Ann Coulter’s ex-boyfriend interviewed Elon Musk on his legacy enterprise HBO television show.  The interview is interesting from the dynamic of a few short soundbites that come from a brief discussion.  It’s 20 minutes for those who are interested.  WATCH:

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Oh Snap, Did Neil Oliver Just Go Full Tucker Carlson?


Posted originally on the CTH on April 29, 2023 | Sundance 

In the big picture you might boil down this week’s Neil Oliver monologue to say there’s good and bad, and people need to pick a side.  However, the reality of the details he uses to frame the battle against the “baddies” is a series of current event datapoints the powers that be are likely not going to appreciate.

In his monologue Neil hits on the power behind the Potemkin Village, the multinational corporations behind the scenes, the groups who control the public impressions of politics while orchestrating their next exfiltration of wealth.   Incredibly, Oliver goes into the background of Sudan and Ukraine to outline how the corporations that control government need assistance from the military those government officials control.

Think about the dynamic behind that truth: the corporations that control government need assistance from the military the government controls, because that’s the reality of the thing we are not supposed to talk about.  What that truth outlines is what’s known on these pages as ‘the exfiltration dynamic‘.

Talking about the secret thing is not permitted; yet talk about it he does, in detail, in sunlight.  Oliver is going full Tucker.  WATCH:

Ukraine Intelligence Admit to Using FBI to Remove Facebook Content They View as “Against Our Country”


Posted originally on the CTH on April 28, 2023 | Sundance 

Comrade rebels, a remarkable bit of independent journalism by Lee Fang, who interviews a high-ranking Ukraine intelligence official named Ilia Vitiuk.

Within the interview the head of the Ukraine Cyber Information Security Service admits to how they use the FBI to pressure Facebook into removing content the Ukraine government doesn’t like.

[…] “Once we have a trace or evidence of disinformation campaigns via Facebook or other resources that are from the U.S., we pass this information to the FBI, along with writing directly to Facebook,” said llia Vitiuk, head of the Department of Cyber Information Security in the Security Service of Ukraine.

“We asked FBI for support to help us with Meta, to help us with others, and sometimes we get good results with that,” noted Vitiuk. “We say, ‘Okay, this was the person who was probably Russia’s influence.’” (read more

Apparently, Ukraine is as strong a democracy as the United States. Where the strength of democracy is defined by the thin-skinned sensibility of the government that must censor any voice that speaks against their policy.

All correct and good thinking citizens speak favorably about their government comrades.