Big Picture – Ed Dowd is Correct in This Review: Every Opaque Action in Western Government is Aligned Toward a Dollar-Based CBDC


Posted originally on the CTH on January 26, 2024 | Sundance 

In this brief video below {Direct Rumble Link Here} Former Blackrock portfolio manager, Ed Dowd, explains why every last remnant of human freedom depends on mass resistance to Central Bank Digital Currencies (CBDCs). “Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.” WATCH:

I know at first blush a lot of this CBDC discussion seems esoteric, difficult to understand, and there are a lot of other issues happening simultaneously in the background. However, if you contemplate the biggest threat on this overarching power arc of western government, you arrive to understand how serious this seemingly opaque issue really is.

I first started to deep dive research into these CBDC datapoints when the Russian sanctions were triggered. You see, nothing about them really makes sense from the way they were structured; additionally, the intensity of the drive to make the sanctions the tip of the western spear was just too pointed, something about it didn’t make sense. That’s what took me to dig deep into the impact and realize nothing said about these financial sanctions makes sense when compared against their actual irrelevance {Go Deep}.

When the White House first started openly saying the Biden administration was reviewing how to implement CBDC’s, yes THAT Announcement ACTUALLY HAPPENED, September 2022, then things from a research perspective really started to get serious. “While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC.”  Whenever the U.S. govt says they’re “undecided,” pay close attention.

First things first with the Western financial sanctions- specifically the SWIFT exchange.  It is true you cannot use VISA, Mastercard or any mainstream Western financial tools to conduct business in Russia; however, the number of workarounds for this issue are numerous.  One of those tools is the use of a cryptocurrency like Bitcoin; and within that reality, you find something very ominous about the USA motive against crypto.

(Newsmax) – JPMorgan Chase CEO Jamie Dimon on Wednesday suggested bitcoin currency should be banned.  Dimon was speaking during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill.

“I’ve always been deeply opposed to crypto, bitcoin, etc.,” Dimon said in response to a question from Sen. Elizabeth Warren, D-Mass. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance because it is somewhat anonymous, not fully, and because you can move money instantaneously.  “If I was the government, I would close it down.” (read more)

Dimon was/is positioning JPMorgan to be a facilitating beneficiary of the financial control system evident within any CBDC process.

Here’s how it really looks from the outside looking at the USA.  The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency.

The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in.  The Western sanction regime, the financial mechanisms they created and authorized, creates the control gate that leads to a U.S. digital currency.

Now, does the exploding debt and seeming govt ambivalence, the stuff Ed Dowd is talking about, take on a new perspective?  It should, because that unspoken motive explains everything.  It all just makes sense when reviewed through this prism of motive and intent.  Again, the western sanctions against Russia are not having an impact against Russia; they are having a quiet impact in the USA and western dollar-based economic system that no one is permitted to talk about.

Bottom line, the non-pretending reasoning.  The US Treasury has set the financial system on an almost unreversible path to a U.S. Central Bank Digital Currency.  As direct consequence crypto currency alternatives are a threat to the establishment of that western objective.  This reality also pulls in the explanation around why the USA is so all-in for the banker-driven World War Reddit, the Russia-Ukraine conflict.

How did the Obama administration go from all efforts to be on good relations with Russia 2009 through 2015, then suddenly pivot to the exact opposite with the Trump-Russia collusion conspiracy, the Russian election interference nonsense, the expulsion of Russian diplomats in Dec/Jan 2017 and suddenly Vladimir Putin as the archvillain for the world?   Apparently, few have ever really asked how that happened.

Here’s the big picture, as seen through the prism of the EU and the non-pretenders in Eastern Europe.

The Marxists in the Obama admin needed a boogeyman in order to pull off their domestic heist and secure the “fundamental change.”  The CIA and State Dept were deployed to utilize Ukraine in 2014 to create the boogeyman, Russia.  Ukraine would be the stick to poke Russia.  The USA needed a proxy; they created one and made the participants rich.

Provoked, Russia fell into the trap and took control of Crimea as they perceived the NATO expansion and likely control of the Black Sea as a threat.  The Crimea move gave the CIA and State Dept the exact response they intended.

The Russia boogeyman was created.

But why?  Why would the effort of the U.S. Government be to provoke and create this crisis?

In the biggest of big pictures, the domestic fundamental change needed it.  We needed a reason to put walls around the U.S – not to keep Russia out, but to keep Americans locked in.  Conflict with Russia became the Obama version of Bush’s conflict with Iraq.  Putin now cast to play the role of Bin Laden.

The Patriot Act was never intended to stop foreign terrorists from attacking the USA.  The Patriot Act was intended to create the DHS surveillance system for domestic control.  It succeeded.   The Russian sanctions were never intended to sanction Russia (and they don’t).  The Western sanctions against Russia were intended to build walls around the U.S. financial system.

Ostracizing the world’s global trade currency, the dollar, from the global trade system was/is a necessary step in controlling domestic currency.  If there is a threat, the government needs to respond. That’s how the crisis is created and not wasted.

Yes, what I am saying is there was a longer and deeper play afoot, a ‘trillions at stake’ game by those who control money and power, using foreign threat as the justification for something that just would not be possible without it.  That’s why Trump was never allowed to breathe for a moment, whenever Russia or Vladimir Putin was mentioned.  The control forces needed Trump to be adversarial to Russia, regardless of whether the threat was real.  After all, it was supposed to be a willfully blind Hillary Clinton in place during this phase.

Conflict with Russia created the opportunity for the USA to create a sanctions regime that doesn’t truly sanction Russia, instead it controls the world of USA finance.  At the end of that control mechanism is a digital dollar, a Central Bank Digital Currency…. and by extension full control over U.S. citizen activity.  The Marxist holy grail.

That moment is closer than most can fathom, and that is exactly why the counterforce of a cryptocurrency, a rebellious mechanism for free people to exchange payment for goods and services, must be stopped by the same USG that is triggering the CBDC.   Crypto is a threat.  Jamie Dimon, along with all the major banks and financial institutions, is one key beneficiary that CBDC (a transactional player for fees therein) so long as JPMorgan stays on task.

JPMorgan CEO Jamie Dimon opposes cryptocurrency.

Democrats, really Marxists, oppose cryptocurrency.

Republicans, really financial beneficiaries of the largesse, oppose crypto currency.

The narrative…. Only criminals, that means those who would be defined as domestic terrorists like pesky remnants of our nation who demand freedom and liberty, would support cryptocurrency.  Criminals, tax cheats, bad people support crypto.  Don’t be a bad person comrade citizen.  Insert vote, pull lever, get pellet, go back to sleep.  You will own nothing and be happy comrade.

Yes, that’s the bigger picture.

Can it be stopped?  I laugh, look in the mirror, think about the reality of how many people think this is an absurd conspiracy theory, and respond with…. How many people even know about the thing you are asking to oppose?

How many people would believe the Western sanctions against Russia were really the USG building a cage to keep us in.  How about we start there.  That’s my answer.

During remarks in New Hampshire, President Trump announced he would never allow the creation of a central bank digital currency.  WATCH:

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Of course, it should be noted….. As if the entire global system didn’t already oppose Donald Trump, this position against CBDC’s just puts an exclamation point on how the multinational financial systems will hate/oppose him even more.

This 2024 election is critical for a variety of reasons.  However, high atop that list is this issue of how a dollar based CBDC is a threat to every liberty we cherish.

Do Futures Result in Manipulating Gold?


Posted Jan 26, 2024 By Martin Armstrong 
1924 Gold Hoard 2

COMMENT #1: Mr. Armstrong, I just wanted to thank you. I am a converted gold bug. Your comment about how gold was $875 in 1980 and the Dow was 1,000 compared to today cannot be ignored. I can see now that it is more of a religion than reality, like climate change absent the science. I was at Starbucks, and Generation X before me just paid with his phone. They have no idea what money is and have no idea of precious metals.

I just want to say thank you. I now understand they are a hedge when confidence collapses and we are moving closer to that period day by day.

Thank you for the education

Kerry

QUESTION #1: Hello; If a house cost $4,000 in 1930, then it cost 200 x 1930 $20 gold pieces to buy the house.
A $20 dollar gold piece @ 33.4 grams of gold today would be $471,000. So not much change except the standard house in 1930 could have used some updates. Wonder if property corellates to gold?
Just for fun; Rob

Wonder Break 1930

ANSWER #1:  You have to be careful, for this is usually a selective analysis put out as a sales pitch. A loaf of Wonder Bread was 10 cents in 1930, and it’s about $5 today. That is the standard long-term inflation. This key is that everything rises and falls.

Yes, it’s good to be diversified. Just be careful with the gold bugs. They often tell you to sell everything, for only gold will rise. That is just not true, and I have seen so many people lose a fortune on that advice.

Babtlon Futures Contracr

QUESTION #2:  Mr. Armstrong,
could you explain how futures markets affect the spot price/the market price?
We hear of futures markets manipulating, affecting the market price, but how is i ask?
I heard that because of the futures markets we then get a different perception of the market price. Meaning that if the futures are trading lower, than the market price will get lower or if the futures are trading higher than the market price will trade higher. Is this true??
Regards,
Pietro

ANSWER #2: It is a fool’s argument to try to explain why gold peaked at $875 in 1980, with the Dow Jones Industrials at 1,000. Today, gold is $2,000, and the Dow is 33,000.  So, to explain why gold has not risen, it must be manipulated.

Futures provide liquidity to any commodity or market. Liquidity expands the market, and thus, more people get involved. If you closed the futures market, then the only way to trade gold would be in physical bullion. The number of investors would collapse. Moreover, producers need the futures market to sell forward to lock in a profit to produce. If a farmer plants a crop expecting to get the market price when planting and something happens when it goes to harvest, he can lose his shirt and be out of business. Future contracts are selling your crop when you plant it, and you are effectively selling the risk to someone else. Here is a futures contract from Babylon during the 19th century BC. This is the way markets have been able to function for thousands of years.

Dow Gold Ratio Y 1 13 24 1

My mother always told me there is a time and place for everything. Eliminating the futures market would rapidly make gold untradable. Miners will not function if they always have to roll the dice, hoping gold will rise and not decline when they finish refining a lot. This is the same for farmers and even in funds management.

I was offered $60 billion to manage as a stock fund in the USA. Because there is a conflict between the SEC and the CFTC, the rule was I could not HEDGE more than 17% at the time, or that would change the definition to a futures fund from an equity fund. I declined because if I saw a crash coming, I would have to sell the stocks, for I would not be allowed to sell futures to cover the risk. That is why I, along with others, started the hedge fund industry back in the 1980s: when S&P500 futures began to trade, these two agencies were fighting over jurisdiction. It was IMPOSSIBLE to comply with the law under the SEC, for you would go to jail with the CFTC. Hence, it was the OVERREGULATION that created the hedge fund industry by force.

Futures are vital because they provide the liquidity to expand markets. Because gold is an international commodity, it CANNOT be manipulated to turn a bull market into a bear market. Even the manipulation claims against the bankers are standard in trading markets. They would know where all the stops are, and they would gun for them. There is always room for swings within any market, but you cannot take a bull market and make a bear market at will.

SSCentAm Gold Bar Black

And just for the record, I have bought gold over the years. I bought a hoard of $20 gold pieces from a central bank. I have bought gold bars from the SS Central America that went down and caused the Panic of 1857. Gold and silver have their place in a diversified portfolio. NO PORTFOLIO should ever be 100% on one thing!

Death by Taxation for Gig Economy


Posted originally on Jan 12, 2024 By Martin Armstrong 

Gig economy

The gig economy has exploded in recent years as people seek additional income to keep up with the rising living costs. The government has been attempting to exploit these workers for additional taxes for years. A new law implemented by the Biden Administration will force some businesses to classify gig workers as employees, raising costs for everyone involved.

According to a paper published by the University of Chicago, during the first year of the pandemic, there were 2.1 million new gig workers, and in 2021, an additional 3.1 million people took on gig work.  Upwork found that 36% of the American workforce has been freelancing during the pandemic, which is an increase of 2 million over 2019. Nearly 2 million Americans drive for one of more rideshare services, such as Uber and Lyft. Reuters now estimates the number of gig workers in America to be closer to 3.4 million.

WEF Amozon Delivery

It costs companies about 30% more to hire someone as an employee rather than an independent contractor. There are state laws regarding independent contract or gig work, but this is the largest piece of legislation to be passed on the federal level.

The legislation is presented in a way that will protect workers from the big bad companies. In truth, the law will raise taxes on these workers who took on these low-skilled positions for extra income. This will prevent some from, say, working for both Lyft and Uber. Trade group Chamber of Progress believes that reclassification will result in $31 billion in lost revenue.

Minimum Wage.meme_

Companies will simply limit their workforce by necessity. When Governor Gavin Newsom approved raising California’s minimum wage to $20 under Bill 1228, countless people found themselves without a job. Pizza Hut fired over 2,000 delivery drivers right before the change was implemented. California Pizza Hut and PacPizza franchises eliminated delivery driver positions entirely.

So, the kid delivering pizzas a few nights a week during college will miss out on that opportunity because the government wants to tax him as an employee. “Gig” is simply a temporary contract intended to produce supplemental income. These positions were never meant to be full-time career paths. The government should explore why so many people are seeking multiple jobs instead of preventing people from seeking out additional sources of revenue.