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.
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.
QUESTION: I thought big police forces are malinvestment just like big government. doesn’t returning to hard money reduce malinvestments?
BF
ANSWER: These people can no longer fund themselves by borrowing. I have been advising in Europe that the Euro could never become a major reserve currency without a single debt. They are now looking at that option and the European Commission is expected to sell consolidated debt into the bond market this month for the first time on a large scale to fund its coronavirus-relief programs. Meanwhile, the European Central Bank on Friday took a step closer to issuing a digital version of the euro. Even Goldman Sachs admits that Biden’s tax plan will hurt the economy. We already have the IRS being investigated for using your location data to tack you for possible hidden assets. Do you really think these people would EVER return to hard money that they cannot spend whatever they want? Socialism would have to end under hard money. This is not a rational expectation from people embracing MMT because they are running out of other people’s money to spend.
We have run out of other people’s money. They are hunting money like a starving animal. They see Modern Monetary Theory as the answer – create money at will under the new theory that there will never be inflation.
Carbon Dioxide CO2 is not making dangerous changes to the global temperature!
From the attached report on climate change for August 2020Data we have the two charts showing how much the global temperature has actually gone up since we started to measure CO2 in the atmosphere? To show this graphically Chart 8 was constructed by plotting CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up a bit over 31.0% from 1958 to August of 2020. That is a very large change as anyone would have to agree. Now how about temperature, well when we look at the percentage change in temperature from 1958, using Kelvin (which does measure the change in heat), we find that the changes in global temperature (heat) are almost un-measurable. The scale on the right side had to be expanded 10 times (the range is 40 % on the left and 4% on the right) to be able to see the plot in the same chart in any detail. The red plot, starting in 1958, shows that the thermal energy in the earth’s atmosphere increased by .40%; while CO2 has increased by 31.0% which is 78 times that of the increase in temperature. So is there really a meaningful link between them that would give as a major problem? The numbers tell us no there isn’t.
The next chart is Chart 8a which is the same as Chart 8 except for the scales which are the same for both CO2 and Temperature. As you see the increase in energy, heat, is not visually observably in this chart hence the need for the previous chart 8 to show the minuscule increase in thermal energy shown by NASA in relationship to the change in CO2. Based to these trends, determined by excel not me, in 2028 CO2 will be 428 ppm and temperatures will be 15.0o Celsius and in 2038 CO2 will be 458 ppm and temperatures will be 15.6O Celsius. This is what the data shows no matter what the reasons are, so I have no idea how the IPCC gets to predict that the world will end in ten or even twenty years.
The full 40 page report explains how these charts were developed and why using NASA and NOAA data that are used without change to prove that The New Green Deal is not required and any attempt to complete that plan will be a worldwide disaster.
Click on the link below for the full report that you can download.
QUESTION: What do you have to say about Trump’s taxes?
GS
ANSWER: Let me explain something. Let’s take one of the richest men in the world — Bill Gates. He achieved that station by co-founding and then leading Microsoft. Most of his wealth came not from his salary, but from the Microsoft stock that he owns, which was equal to about 10% of the company’s outstanding shares. Wealth gained from stock price appreciation is NOT taxable until you sell the shares. By holding most of his shares since the company’s founding, Mr. Gates DELAYED paying any tax on those capital gains. Then by donating the shares to the Bill and Melinda Gates Foundation, that wealth was NEVER taxed!
Why do you think all these people create foundations from the Clintons, Gates, to John McCain. You get to play with the money tax-free while you are espousing economic equality. There should be NO income taxes. It should be a consumption tax (retail sales tax). Donating money to a foundation that you control should be illegal, but its not.
The central banks have been digging deeper and deeper into their monetary toolboxes in a vain hope of cushioning the COVID-19-induced shock, which has been orchestrated by this global effort to CRUSH the economy and redesign it in their image of a fossil-free world. The fake pandemic aside, the notion that the banks were already beyond hope since the ECB lowered rates to NEGATIVE back in 2014 and Keynesian Economics has failed. What has emerged is that the central banks have accelerated their transformation of monetary policy, which was once focused on defending and controlling inflation, into “Guardians of the Galaxy” combating inequality, climate change, inflation, and anything else they can think of. This decreases the possibility of ever returning to the existence of central banks pre-2007.
For the first time in post-1916 history, the US Federal Reserve has bought a wide variety of corporate debt issued by blue-chip borrowers such as Apple Inc., as well as junk bonds from riskier companies. As I have stated before, when the Fed was originally designed, its elastic money creation made sense because they bought private debt, which is paid off compared to government debt which never ends. The Bank of Japan has been what some call the petri dish for central banking since after more than two decades of expanding the money supply with no inflation, this has added to the rise of Modern Monetary Theory where these people assume that they can print money with no end and no inflation.
The central banks have lost control of the economy and the markets. There is no return to normal – they have now become the Guardians of the Galaxy.
QUESTION: Mr. Armstrong,
If this “Great Reset” movement pushes gold underground, what would that mean for gold producers? I recall reading on your blog that when gold was confiscated in the United States to devalue the Dollar, gold producers were happy because governments started buying their product at a fixed price which allowed the producers to avoid market risk. Do you see a similar pattern emerge from those wishing to enforce a digital currency? Is there a risk that producers would be forced to shut down? Certainly, the closely-linked copper production industry is too valuable for them to sabotage?
Thank you as always for the great insight that you provide. Looking forward to the full gold report.
JR
ANSWER: This time it will be different for they have no intention of backing any currency with gold. To do so means they cannot enjoy the objective of this New Green Socialist World Order. They need to be able to create money as needed, hence MMT. They are doing this because of (1) the Sovereign Debt Crisis since they can no longer borrow at absurdly low rates which means there is a threat where they will be unable to roll the debt perpetually as they have been doing, (2) there is the Monetary Crisis Cycle also coming into play.
They believe that if they cancel all currency and force everyone into digital, then that will not only end bank runs, but it will end the black market from working under the table, tips that are not declared, to drug dealing and prostitution. As I have reported before, in Rome, they passed a law that said you could not pay a prostitute with a coin that had the image of the emperor – which they all did. The solution was to create prostitute tokens. You bought the token, paid the prostitute with that, and later she redeemed the token for coins.
There is always going to be some black market. I would suspect it will be primarily built on barter. There is also the possibility that private money will emerge as it did during the American Civil War, German hyperinflation, and during the Great Depression known as Depression Scrip.
I will be detailing these changes in events in the upcoming Gold Report.
COMMENT: Hi Martin,
I wanted to comment about the blog posting ‘Fauci Belongs in Prison’. Having three children on remote learning by choice because we refuse to subject them to the draconian lockdowns at the school and mandatory mask requirements. Correct me if I am wrong, but didn’t Hitler say something like, “Forget about the adults, we want the children”, and those children turned out to be the killers in WWII.
Unfortunately, we have been able to witness the school’s systems brainwashing propaganda machine in action with our children. In the first week of school our son in middle school was tasked to watching videos with Fauci and Gates about masks, vaccinations, social distancing, etc. The same brainwashing machine was at work with our elementary school students, but it was being directed by the teachers. It is frightening to watch this in action!
My son loves to challenge the teachers with questions, with the information he also reads with me on your blog.
Keep up the awesome work, you are also getting the truth to our kids!
All the best,
KC
REPLY: The schools have been deliberately engaging in this socialistic propaganda to serve this “greater good” with the same old story for the betterment of humankind. Another reader from Canada said their child was told that all the ice will be gone in 5 years and Russia will then invade Canada. This is indeed brainwashing on a major scale.
You Are correct that the entire Hitler Youth actually began in 1922. They banned the Boy Scouts in 1935 and the Nazi Youth adopted much of the same with hiking and camping but provided the indoctrination into the Nazi Philosophy which included racism. They groomed the youth to fight the cause.
This is exactly what the leftist agenda has been doing with our youth for the past two decades with intensity. They now count on them to overthrow Trump and then move to this globalist agenda supported by Climate Change that is for the greater good.
QUESTION: What did Martin mean by gold having a 21 year high. I simply can’t see how it is possible for it not to go up from here as sovereign debt collapses and printing presses are on turbo
I’ll be getting the gold report when it’s out but…. I’m about to get my hands on a few million pounds and I just want it to vanish into the ether so they don’t tax it, gold coins seemed the obvious option
Cheers B
REPLY: The major low was 1999. We have to be concerned that this agenda does not seek to also regulate gold once again. They are manipulating the currencies and several countries are starting to buck the trend. The question becomes this assumption that they are trying desperately to retain power using this fake virus to justify suppression
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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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