These environmentalists never understand that wind turbines will freeze and solar panels will be buried in snow. They seriously think that somehow renewable energy can replace fossil fuels. Even the electric buses in Germany froze. It is bad enough that they try to reduce the entire cyclical patterns in the weather to CO2 and ignore all the scientific evidence that weather is far more complex than they ever imagined. It is like a market crash. Every investigation since the Panic of 1907 begins with the hunt for some mythical short-player who brought the entire market and economy crashing down. As always, nobody has ever been found in the past 100 years of such investigation.
Just perhaps since Gates and Zuckerberg are both dropouts, perhaps they skipped physics class. Bezos went to Princeton University and graduated in 1986 with a B.S.E degree in Electrical Engineering and Computer Science. I took those same fields. He should know adding a cycle to electricity converting it from Direct Current to Alternating Current also applies to the rest of the world. And coming from Computer Science, he should also know that you can not create a random number generator for it will always return to a cycle.
Hello! Bezos, you should be better than Gates and Zuckerberg put together!
It is snowing a lot in Saudi Arabia. This has nothing to do with CO2. The sooner we start to listen to great research instead of propaganda that has been manufactured to covertly allow the United Nations to dominate the world, which by the way, they have been lobbying for a Carbon Tax worldwide to be paid to the UN.
Meanwhile. even NASA had to admit that just perhaps the Milankovitch orbital cycles may indeed play a role in the earth’s climate cycles. Excuse me, but I really think Biden should be sent back to the basement. What he has done so far by simple decree with respect to climate change denying any hearings in Congress is outright tyranny. I also believe this is bordering on Treason for it is aiding a foreign power, namely the United Nations, to exert power over the entire world economy.
Those who are determined to crush the world economy because of CO2 have always clai9med that snow in winter does not disprove global warming. They have blamed it still on high levels of CO2. Yet with the lockdowns and the collapse in world GDP by about 10% outside of China, you would think we should then have a mild winter instead of this sever cold. Those supporting climate change are just naive. They may think hedge funds and Wall Street are corrupt, but they better look at the agenda and who will benefit from it. The planet is not in danger of reaching some tipping point. The danger is the advancement of totalitarianism in the name of saving the planet.
UN Chief on Climate Change and his vision for the 2019 Climate Change Summit
U.N. Secretary-General Antonio Guterres called for a “reset” between the U.S. and China and suggested the U.S. could work with the communist regime on issues such as “climate action.” The UN is firmly behind calling for this Great Reset.
John Kerry is deeply involved with the World Economic Forum which gives Schwab direct access into the White House.
I do not care if we awre talking abot the economy, markets, climate, or science. The world is complex and there is no way to reduce everything to single cause behind every effect.
I wonder if you can comment on the potential of the swift system being replaced by Ripple lab’s XRP as a bridging currency between currency pairs making use of their patented “On-Demand Liquidity” system. If this is the case then it would appear the USD is set to be replaced as the world reserve currency commodities being priced in local currency.
The IMF has stated they want to renegotiate the Bretton Woods agreement. Mark Carney the Governor of the Bank of England said at the 2019 Jackson hole meeting that the USD is too dominant and proposed it be replaced by a green cryptocurrency such as XRP.
The world economic Forum is touting Ripple lab’s platform as the future.
Without going full conspiracy theory in this. It would seem plausible that something like this is in the offing
The SEC lawsuit against Ripple seems a little sinister given that the DOJ already found XRP to be a digital asset, not a security, and has the potential to push Ripple offshore to a more friendly jurisdiction. Which the globalists would love.
I’m rambling, I’m sorry, however, could you speak on the swift system and potential replacement and any other topic I’ve touched on if you have the time or inclination even to dismiss.
Thanks, Martin you were born to live through this moment.
Kind regards
TL
ANSWER: XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless, and decentralized blockchain technology that can settle transactions in 3-5 seconds. The reason these people are pushing this is not about the dollar, it is to end paper money and thereby they see this as the solution to 6 years of quantitative easing which failed to stimulate the economy because the velocity of money declined as people hoarded their cash instead of spending it. This would also terminate all cryptocurrency.
Either Mark Carney and the IMF are completely ignorant as to why the dollar is the reserve currency that nobody else can displace, or they are deliberately hiding the truth which is a major default on world sovereign debt. The dollar is the reserve currency for three primary reasons.
The US dollar has no restrictions and anyone can issue debt in dollars without controls
The US dollar has never been canceled
The US economy is the largest in the world but with the core consumer market to which the world sells
Europe routinely cancels its currency which introduces risk which prevents it from being used internationally. While they have not canceled the €500 note, few people will accept them for fear of being canceled. Even India canceled its high-end notes which I have from the last time I went to India to meet with our institutional clients there. Only the dollar remains legal tender since 1861 and Trudeau had a law passed in Canada withdrawing the legal tender status of some notes by January 1sy, 2021, which now allows him to cancel all paper money at his pleasure. Canadian dollars now have a risk of cancellation as of January 1st, 2021.
Note that prior to World War I, most bonds issued by foreign countries using in another’s country currency involved the British pound which was the reserve currency prior to World War I. After that, it was the dollar that rose to the status of a reserve currency when Europe decided to blow each other up.
While Germany may be the biggest economy within Europe, the mercantile economic policy and high taxes in fear of hyperinflation since World War II has rendered the Germans near the bottom of the wealth list among the EU. The significance of this is very important. It means that Germany did not develop the same robust economy based upon consumer demand. They relied upon selling things to other countries which was why Kohl was pushing for a single currency to enable Germany to sell even more to the rest of Europe by reducing currency risk.
Pricing commodities in this XRP will by no means eliminate the dollar as the reserve currency. It would require the United States to terminate the dollar and accept XRP. Otherwise, all that will happen is introduce greater volatility forcing American companies into hedging FX risk between the dollar and XRP.
For years, all we ever heard was if they price oil in Euro that will kill the dollar. These people just totally fail to grasp the complexity behind what even makes a currency. Then we have heard how the dollar will crumble to ash because of debt. Yet total sovereign world debt is nearing $200 trillion and the USA is just under 15% of that. These people have no idea of what they are talking about. Other nations are in far worse shape not because of Debt to GDP, but because they lack the underlying consumer-based economy. This is WHY China is diligently following the US model and not that of Germany. They have turned inward and are moving to generate the world’s largest consumer-based economy which is WHY they will surpass the United States which is being taken over by the same European Marxist agenda which has relegated Europe to the third world status. The Top 10 economies in the world only include three EU countries in nominal terms:
1. United States 2. China 3. Japan 4. Germany 5. India 6. United Kingdom 7. France 8. Italy 9. Brazil 10. Canada
If we measure these economies accounting for purchasing power parity (PPP) exchange rates, which relate the exchange rate between currencies to consumer price levels, the picture changes. China is the world’s largest economy since 2017 in PPP terms according to estimates by the World Bank which uses international dollars to make better comparisons among countries. This introduces FX risk. Therefore, in PPP terms, the U.S. is second with about a 15.8% share of world GDP. The European Union was in third place, contributing $19.9 trillion, or 15.3%, of world GDP.
Therefore, the push behind XRP requires 5G communication speed to be able to instantly clear transactions. Without that, you cannot replace paper currency. Consequently, the only way to move to electronic money in order to eliminate non-taxable hidden cash and the underground economy is to move toward the digital world. In the United States, in 2020, it is estimated that the underground economy is about 11 or 12% of U.S. GDP, or roughly $2.5 trillion total. Politicians look at that and see dollar sign visions in their heads.
Politicians blame their fiscal mismanagement and their political failures NEVER on themselves, but always on we the Great Unwashed who are never trustworthy. Even an IRS, SEC, CFTC, or any agent who audits the private sector begins with the assumption everyone is a criminal. They have to find something or else they did not do their job.
As a result, politicians are obsessed with eliminating paper money to end the hoarding of cash and the underground economy. You hire the teenage girl next door to babysit and then pay her cash. OMG, the government laments, where is our taxes? Or you found a $1 bill in the sparkling lot. They can’t sleep at night worrying about how much they are losing in tax revenue.
Hence, XRP is primarily for that purpose. To eliminate the underground economy. This has been going on for thousands of years. Here is an ancient Roman prostitute token. Roman Empire Tiberius (14-27AD) declared that you could not pay a prostitute with a coin that bore the image of the emperor. So they trade coined these tokens. You would buy the token from a money changer and use that to pay the prostitute. She, in turn, would take them back to the money changer and he would swap them out for money.
No matter how politicians try to eliminate the underground economy, all they will do is give rise to the reestablishment of barter. In prison, cigarettes were money. Then packs of mackerel. Who knows what will emerge? USB sticks?
The 2021 Canadian Report is now available. We have gone into the clever change in the law that Trudeau pulled off to allow him to cancel the currency at his discretion as of January 1, 2021. He did withdraw the legal tender status of various notes that are still out there. You can take them to the bank and deposit them in your account, but stripping them of legal tender status means nobody else is now required to honor that currency.
We have covered the political chaos, the debt, the separatist movements, energy, the agricultural crisis, the share market, the Canadian dollar, and gold in terms of Canadian dollars rather than in US dollars with arrays and reversals.
Bill Gates has decided to tell Germany how to run a nation. He said that solar and wind power is obviously not enough. Indeed, it got so cold in Germany dipping to -12c, the electric buses stopped working. Gates has told the German auto-manufacturers they better speed up the development of e-cars. Meanwhile, he tells Merkel to develop nuclear energy which she shut down after the Japanese disaster.
Wind turbines have frozen in Texas and California. So much for “green” energy. They only work when it is warm. When it gets cold, when you need heat the most, they fail. Were these environmentalists just stupid? Or was this a way to reduce the population in winters? As I said, I was in Edmonton, Canada at -40. They never turned off the cars because they would never restart. That does not work with electric engines. They just freeze.
With respect to the vaccines, Gates’s daughter, Jennifer, has come out and said she got it and defends her father saying the vaccines do not have nano bytes to control people – which is true. This is the problem. The conspiracy theorist throws out some while claim that is not possible, they dismiss that claim but attach the same conspiracy label to all other concerns.
This is an engraving with a modern watercolor of machines making cotton thread by performing mechanical versions of carding drawing and roving in a mill in Lancashire England about 1835. What the Great Reset is all about is trying to ACCELERATE this Fourth Industrial Revolution by regulation to save the planet, as they see it. They actually are using the lockdowns to destroy employment and industries that they see as unfit which is why you hear Boris Johnson saying he will provide free education to retain people for a new type of job – John Kerry telling coal miners to learn how to work in a factory to make solar panels. They look down upon the people as just economic slaves. If you do not enjoy what you do, you will never do a good job. They simply do not understand human nature.
When the First Industrial Revolution closed down many of the small craft shops, lace-makers, for example, emigrated to the North of France. When they did, they took their English little bulldogs with them. The popularity of these little dogs spread from Normandy to Paris and soon the English lace-makers/breeders had a lively trade, exporting small bulldogs throughout France where they began to be called Bouledogues Français. They were favorites of ordinary Parisians such as butchers, cafe owners, and dealers in the rag trade. They became notorious as the favorites of the Parisian streetwalkers, les belles de nuit. The famous artist Toulouse Lautrec depicted in several works Bouboule, a Frenchie owned by Madame Palmyre, the proprietress of a favorite restaurant “La Souris.”
By 1896, the French Bulldogs made it back to England and they became the instant most popular breed by 1896 and they made the cover of the 1897 Westminster Kennel Club. By 1908, this photo of Anna Maria Sacher (1859-1930) who was the Austrian hotel heir, prominently displaying her two French bulldogs shows they were the darlings of high society.
The former English lace-makers who were put out of a job by the First Industrial Revolution stumbled upon an entirely new field of employment. That was not something that government could regulate or dream of no less decree. You cannot direct how the Fourth Industrial Revolution will unfold. It is completely absurd of Klaus Schwab to think he can accelerate it and direct it in such a manner to immediately destroy jobs with no idea how to provide new employment. Not everyone can make solar panels and wind turbines.
How I ended up as an adviser was all by chance. My father wanted me to go to law school, by I did not want to be a lawyer. He pushed me into computers which I did to please him. When I returned to trading, which I did love, because I turned down shipping off to Greenland, Guam, or Vietnam at RCA, I then realized I could write a program to assist me back in the 70s before there was even the first IBM XT. I was a market-maker in precious metals and then was going to retire after 1980 when the government wanted to declare me a bank because gold was still money under the Constitution. I had provided the advice to dealers provided they gave me the business.
When I was going to retire, that’s when my clients offered to pay for the advice. So I gave it a shot and the next thing you know, I became the highest-paid adviser in the world at $2,000 an hour they set the fee – not me. The journalist Joseph Perkins, called me back to say after talking to my clients around the world, he said that they commented that if I charged $10,000 they would pay it. Because I was involved in foreign exchange and there were few people around back then, I became international because of the FX markets. The Wall Street Journal wrote about it back in 1983 but focused only on what I made rather than what I did.
Consequently, there is no possible way the government can direct the Fourth Industrial Revolution and Klaus Schwab just fails to understand that things develop without some grand master plan. He talks about AI but does not have the slightest idea of real AI or how it even functions.
Forty percent of Austin residents are without power, and up to a total of four million Texas residents are suffering under extreme cold conditions as the state power grid is overwhelmed. Making matters worse, a shortage of natural gas combined with failures of most wind turbines due to ice and freezing temperatures have dropped power generation.
TEXAS – Nearly 200,000 Austin Energy customers woke up without power Monday and were not expected to get it back until Tuesday — possibly late in the day — because of a so-called rotating power outage that didn’t rotate, leaving parts of the city in the cold and dark.
The outages began in the middle of the night, leaving swaths of neighborhoods without electricity, as already freezing temperatures dropped into single digits during an extraordinary winter storm that has raised questions about the city of Austin’s and the state’s ability to handle such an event. (read more)
The Houston Chronicle reports: […] “Natural gas supplies for electric generation are already strained in the winter, the peak season for gas used for heating, adding pressure to supplies used to generate electricity.”
The Texas Railroad Commission, which regulates oil and natural gas in the state, said Monday afternoon that some producers, especially in the Permian Basin and Panhandle, were experiencing unprecedented freezing conditions, causing concern for employee safety and affecting production.
[…] “This event happened quickly, and the amount of load that we needed to remove from the grid was significant. It was in a very short time that we maxed out on all of the available circuits that we had to disconnect,” Sargent said. “So because we’re at a max limit, there’s no more energy that we can shut off at this time to bring these customers back on. Basically, we’re stuck here.” (read more)
Good news. Results are on the way.
About 200,000 residential customers are coming back on line now.
I have literally followed you for years (well before your nightmare at MCC in NYC). I am simply amazed at what you and Socrates have accomplished.
I only know of one person in America that made the bold prediction shown below. I am amazed, along with all your clients, that you are able to reliably forecast so many issues. Keep on doing what you’re doing and thank you from the bottom of my heart!
BC
Spokane, WA
REPLY: I moved to Florida because of the forecasts of Socrates. What I am trying to show is that a computer, with a database, can forecast the correct trends in everything from weather and climate, to markets, politics, and war. Anyone who knows me, I hate cold weather. I have roamed in the Valley of the Kings when it was about 120 degrees. Everyone else stayed in the hotel, but I traveled that far and I was not about to stay in the hotel. But I have also been to Edmonton when it was -40 below and they could not shut off the cars or they would never start and you could not talk because your teeth would hurt.
So you can bet on one thing. None of these forecasts were ever made with a personal bias. I just hate cold. Turning to global cooling was not something I wanted to see.
Culling humanity by means of GMO food and poisonous vaccines isn’t enough for Bill Gates. Now he wants to block out the sun in his quest to solve global warming, also known as ‘climate change.’
Due to a solar minimum (no sunspots) and a dipping polar vortex, North America and Europe are currently experiencing record cold temperatures. Maybe we are seeing climate change, but it’s the opposite of the global warming fears that Bill and China Joe are pitching. We could be seeing the start of a mini ice age, similar to what happened in the middle ages. How convenient that science, now a wholly-owned subsidiary of Bill Gates, omits the sun from their climate change equations. Data is always skewed to blame human activity, just as Gates and the Illuminati have ordered.
Gates wants to scatter fine dust particles in the upper atmosphere to block the sun’s rays, thus cooling the Earth. I don’t recall anyone voting for such a dangerous scheme, but the oligarchs do what they want. Their political toadies love to spout the slogan ‘Our Democracy,’ while removing our liberties, but in reality it’s all about ‘Their Oligarchy’ and what they want while the masses have no say. Gates and his fellow 1/10th of one percenters do not have to follow laws or morals. Those are meant for their subjects—the powerless serfs.
People such as Gates get what they want. Along with the homunculus doctor, Fauci, he intends to get even richer while peddling under-tested and very harmful potions that get jabbed into the arms of millions. Gates, who is neither a doctor nor scientist, wants to rake in even more cash by cornering our food supply. We’ll be forced to pay Gates billions of bucks while he forces us to eat his poisonous GMO foods. Gates now owns more farmland than anyone else in the world. He’ll probably buy more and it somehow ties in with his evil plans to block out the sun. Maybe he’ll make sure the sun only reaches his properties.
Bill Gates should be tried for crimes against humanity, but who is able to mete out such long overdue justice? Unfortunately the mega-billionaire globalist oligarchs control our justice system, our politicians, corporate media, social media, and our education system. Apparently everyone will meekly stand by and watch a squeaky-voiced computer nerd runs his genocidal game plan.
Bill Gates wants to ‘save the planet’ for himself and his Big Club of mega-billionaires by killing off billions of human beings.
QUESTION: You seem to think that the Reddit people were just lucky. Is this the dawn of the little guy beating Wall Street?
GU
ANSWER: Look, this is our Global Market Watch for GME on a Quarterly Basis. The major low took place during the 2nd quarter of 2020. This is a pattern recognition model and while it picked the decline and the rally, most professionals trade technically. I cannot imagine any program that would have been calling for a short position even if you used a simple stochastic. Any technical trader would have been long. I highly doubt that this was simply novice retail people who crated this push. It has all the hallmarks of a professional manipulation and if the SEC does not investigate, you know that means the real hands in the cookie jar are behind the curtain.
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
Centinel2012 