First, it was toilet paper, then baby formula, and now it’s non-basmati rice that people are running to the stores and buying in bulk. India has put into effect on July 20th the ban on non-basmati rice in order to calm domestic prices. According to the International Food Policy Research Institute, the global rice market prices have already risen 15%-20% since September of 2022. People have already started panic buying in Texas, Washington, Michigan, and other states. It has not hit every state yet; the impact of this ban has been more so in the regions of larger Indian-origin populations. Most grocery stores have already allegedly limited one bag of rice per customer. Wholesalers and other companies have been adjusting prices which leads to price gouging, so rice is selling for double than usual.
Rice was already at a high point price-wise during Covid-19 and with the war in Ukraine, it gouged the cost of wheat, causing rice production to increase. Allegedly, according to a store owner, there has not been a date specified that this ban in India exports will lift. He is suggesting that this ban will be anywhere from 6-8 months.
Socrates has projected that volatility would rise starting here in 20203, and prices should rise further into 2024. Thereafter, geopolitical instability may further impact supply.
QUESTION: You said that when Rome fell it took 700 years before gold coins reappeared. Are we facing something like that again?
PO
ANSWER: Yes, when Rome fell, gold continued in the East under the Byzantine and Islamic Empires. However, in Europe, the last Western emperor was Romulus Augustus (475-476AD) who was a puppet anyhow. He was a young son, whereas today, we have senile leaders who are puppets and incapable of independent rational thought. The first gold coin to reappear in Western Europe was that of Frederick II of Sicily (1231-1250AD). The Augustale was a gold denomination of about 5 and a half grams which Frederick II introduced to Sicily in 1231AD, and it was primarily issued for international trade.
Actually, Fibonacci (1170-1240 AD) published in 1202 his “Liber Abaci” (Book of Abacus). He introduced Hindu-Arabic numerals into Western culture. Suddenly, this allowed the calculation of numbers that were not taught in schools and was unknown in Christian circles. Only a very small group of intellectuals had access to translations of the Arab mathematician al-Khwarizmi (780-850 AD). The techniques that Fibonacci introduced were groundbreaking to re-establish a culture that lost its identity with the fall of Rome. Fibonacci illustrated practical problems on how to calculate profit margin, money changing, barter, conversion of weights and measures, partnerships, and, last but not least, interest. He also introduced some geometry and algebra.
However, Fibonacci’s work was so earth-shattering it became the topic of discussion and caught the attention of King Frederick II of Sicily. I believe it was Fibonacci’s introduction to mathematics that also inspired Frederick II to even reintroduce gold coinage in order to trade with the outside world. At the time, that included the Arabs as well as the Byzantines. The gold dinar was the Islamic medieval gold coin first issued in 696–697AD by Caliph Abd al-Malik ibn Marwan with a weight of 4.25 grams. Frederick II made his coin about 1 gram heavier in order to project economic power.
The introduction of CBDC is highly dangerous in war; even a nuclear blast also sends out an EM pulse that will destroy electronics. If I were Russia or China, I would NOT move to any sort of digital currency and then use an EMP against the United States. The entire economy would collapse. People would not even be able to buy anything. We have idiots in power who are so greedy, looking at the power this will place in their hands, they are ignoring the risks. This could mark the collapse of Western society, sending us back to the days of Barter.
The Post-2032 era would most likely be fragmented rather than national states as we know them today. There will most likely emerge regional currencies, as we have witnessed throughout history many times. Even during the Great Depression, over 200 US cities resorted to issuing their own money.
I want to stress that I have been getting emails that the same trend is emerging in the United States. Some banks have embraced WOKE, and with it, they are engaging in DISCRIMINATION. This equality only works when you agree with them. If you disagree, you are to be cast out of society, de-banked, and unable to even survive, pay a mortgage, or food.
Chase had debanked Dr. Mercola. I too was debanked by Chase after sending bonuses to our overseas employees. They did not ask for any explanation – they just closed the account. This is becoming common these days.
Most people are unaware that the agency that was created to regulate the international telegraph has seized authority over the technology of AI when they lack any understanding of the subject. This is the International Telecommunication Union (ITU), and its global regulations are trying to now tackle AI. This is part of the United Nations agency regulating what seems to be expanding from communication technologies to computer programming. This is like a taxi driver assuming he can fly a Boeing 747. They have expanded their jurisdiction from telegraph to televisions, satellites, cellphones, and internet connections. Now they want to regulate AI.
I fail to understand how a non-programmer can even understand this sort of technology. As a programmer, even looking at my own code, I have to get in the right mindset to review it. It is not easy, and you have to insert notes throughout your codes because to develop AI, YOU OFTEN HAVE TO CREATE NEW WAYS EVEN TO DO CODE. I fail to see how anyone who is not a programmer could understand coding. Someone trying to review my code would have a steep learning curve. Coding is also an art form.
Russia and China have been at the forefront of a competing vision for the internet, in which countries have greater control over what their citizens can see online. China is far more advanced in censorship apparatus. Both Russia and China have now come out and warned against this latest move by the United Nation’s ITU and said that they “believe that any attempts to limit their sovereign right to regulate national segments of the internet and ensure their security are unacceptable.”
The ITU hosted its sixth annual AI for Good Global Summit. This brought together policymakers, experts, industry executives, and robots for a two-day discussion of ways in which AI could help and harm humanity. Proposed solutions from the summit included a global registry for AI applications and a global AI observatory. I am opposed to that for the next step will demand a copy of your source code for regulators to review. Sorry, but Socrates will then be turned off.
I was given the contract to manage the platinum holding of Aristotle Onassis. It took months to get approved to be able to trade at huge levels. The first phone call I made to a bank, they already knew the positions I had. Someone in the Commodity Futures Trading Commission leaked that info to select bankers. So much for government ethics.
There is no question that the real problem here is that the financial system is collapsing. These morons have been borrowing since World War II with ZERO intention of ever paying off the debt. They are running out of buyers. Attacking Russia and China has divided the world economy, which may be the Neocons’ goal, but they do not care about the country or the people. They are just sick individuals engaging in hate crimes. Now they are running out of buyers for their endless borrowing. They NEED to default on the debt, and it is what Schwab is really saying you will own nothing and be happy.
Do not forget that Christine Lagarde, who is now the head of the European Central Bank, got where she is because of Schwab. She was on his board of trustees. The same is true about the head of the IMF and the head of the EU. The World Economic Forum has infiltrated everything. They are pushing for the end of any possible right to vote. We, the people, are far too stupid to understand the world as only they can. After all, they see themselves as a demigod since they are above everyone else.
Democracy is how Trump came to power. They are not about to allow a non-career politician to ever take power. This is why they are attacking RFJ. Democracy becomes evil “populism” when the people vote against the establishment. This is also why they are doing everything possible against Trump. If that does not work, they will assassinate him as they did to JFK.
If you are going to play poker, you better know who you are playing against. Do they bluff? Can you tell? Those who blindly think that somehow cryptocurrencies will be the alternative of CBDCs are too caught up in their own BS to open their eyes. This is all about total control. There is NO WAY that these people will allow any private cryptocurrency to complete. In addition, the controls that Lagarde is talking about will also be the shutdown the purchase of gold and silver post-2024. This is a game for ultimate power. That is what we face going into 2032. They will fail, for freedom will surface, and we are looking at massive civil unrest and, ultimately, revolutions worldwide. Any alternative will threaten their power.
1. Due to the draconian rules the US digital currency shall operate under, would you consider the coming US digital currency to be the worst form of currency—worst store of value—worst asset to hold, and if so would it be better to get entirely out of cash before the US Dollar is canceled and the digital currency introduced? 2. When the US Dollar is canceled, will the entire value of all bank and brokerage accounts be automatically converted by banks and brokerage firms to the new digital currency? 3. Do you think there will be draconian rules, such as digital ID’s, instituted to be able to access the internet in 2025 to be able to access and cash out of bank and brokerage accounts? 4. What use will it be to invest in anything post 2024 if money in brokerage and bank accounts automatically becomes digital currency subject to draconian rules with draconian rules to access or take possession of the funds in one’s bank or brokerage account? 5. In the interview you did on May 20th you mentioned “they” are talking about bank bail-in’s. Aside from bank accounts, could bail-in’s be done from people’s brokerage accounts? 6. If one does not “opt in” to the new digital currency and if every legal financial transaction from the point the US introduces the digital currency must be made via the new digital currency, how will one be able to pay their taxes and property tax and will such a person lose their house and their assets be confiscated for not paying their taxes and property tax if they choose not to take part in the digital currency, digital ID and digital health pass? 7. Do you think inheritance will come under rules so draconian that sane children would prefer to forgo their inheritance rather than opt into anything that could harm their health and limit their freedom? Or do you think “they” will just abolish inheritance altogether? Would you recommend putting all assets and accounts in one’s children’s names now, to avoid this possible scenario as far as it can be avoided? 8. During World War 3, if the US gets nuked or if at any time in the future there is an EMP attack or a severe cyber-attack and the grid goes down for an extended period of time, what shall become of bank and brokerage accounts? Thank You Sir
D.I.
ANSWER: Undoubtedly, this entire scheme of digital currencies will be the death of Western Civilization. The Founding Fathers prohibited Direct Taxation which was repealed during the Marxist movement toward creating the Income Tax. Once the income tax was imposed, the government then needed to know everything you did. That is why the Founding Fathers prohibited any form of direct taxation. Now even a journalist, if he fails to comply with the demands of the government, is targeted by the IRS. This allows them to go after anyone unless you are the son of a senile president who does as he is told. So yes, this will be the WORST currency in human history and it will be the final nail in the coffin of freedom.
They will most likely cancel all currencies AFTER the US 2024 election. It will need to be coordinated to prevent capital flight. Whatever is in bank accounts or brokerage accounts will be re-denominated in the new digital currency. The IMF is pushing hard to replace the dollar with its version. The likelihood of the collapse of the IMF and world institutions will probably arrive in 2031.
Big Tech will comply. They are already stripping us of our freedom of speech. This will become IMPERATIVE to oppress all freedom in hopes that they can establish this new totalitarian state which is the dream of Klaus Schwab and his band of merry thieves at the World Economic Forum. So the Internet will be highly monitored and restricted.
The point of investments post-2024 will be to hold on to tangible assets. They will make the transition from one currency to the next.
As far as bail-in’s being applied to people’s brokerage accounts the answer is yes. That was already done by Judge Martin Glenn who presided over M.F. Global bankruptcy and created the first BAIL-IN without Congressional Authority. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers and protect Corzine from losses by taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus. He simply allowed the confiscation of client funds when in fact, the rule of law should have been that the bankers were responsible and M.F. Global’s losses, and it should have been reversed. Never should the client’s funds be taken for M.F. Global’s losses to the NY Bankers.
You will have NO “opt out” avenue. Taxes and commerce will all be digital. This is why they are pushing 5G in order to create instant transfers to enable them to replace cash transactions.
Regarding inheritance, the LEFT is also ready to push behind the curtain that upon death, everything should belong to the state. I fear this will only unleash civil war. Nevertheless, there is the crazy leftist in Australia proposing just that. It is unfair for one person to have wealth and another nothing. Concerning putting all assets and accounts in one’s children’s names now, avoiding this possible scenario as far as it can be avoided carries tremendous risk. It all depends on your country. When I bought a house 30 years ago, I simply added my children’s names. Today, you can’t do that, for it becomes taxable to them.
While we cannot rule out tactical nuclear weapons, the risk of an EMP attack will be devastating. That will wipe out the economy and take down the internet. The prospect of whatever you have in an account could simply vanish. That is one primary reason I am against the whole crypto-CBDC agenda, for in times of war, an EMP could devastate an adversary. I think this simply warns you should have some old silver coins pre-1965.
Indeed, Go Woke = Go Broke. Bezos is going to lose $100 million with the Washington Post, which has also lost its mind trying to move so left, they are losing readership every day. One has to wonder when those in the media will wake up and realize that such things as family values exist. The businesses that have embraced WOKE are being targeted, and rightly so. You do not use your business to push an agenda.
People ask me to write about one religion v another. We have readers of every faith, ethnicity, race, and gender. We share a common bond. Government is ALWAYS the enemy throughout recorded history. That is why there are so many revolutions.
This entire WOKE agenda is undermining the very fabric of civilization. It is dividing the people into groups so we do not join together to see the common enemy. While all of these people seem to be so caught up in patting each other on the back for their anti-Democratic, anti-family, and anti-culture positions, they have failed to comprehend that they are really creating discrimination against the Gay community by pushing this transgender promotion without ever looking at the consequences. Those who identify as transgender are less than half a percent of society. Yet they demand to be called a woman, and everything else must change for them. That is reverse discrimination.
PM Trudeau of Canada is obviously unable even to understand the problem. You cannot be pro-Transgender & pro-women’s rights simultaneously. The two have become mutually excludable. As I have said before, Thailand is the sex-change capital of the world. There are plenty of Transgenders there, and there is no discrimination. The difference is that the Transgenders call themselves Ladyboys – they do not demand that women can no longer be identified, and mothers are just birthing machines – nothing more. So what is next? Mother’s Day will become offensive to someone, so we must change it to birthing person’s day?
In pushing the transgender mantra, they are discriminating against women. Girls are losing in every sport because some guy, who can’t win in a male competition, claims he is now a woman and comes in first. Mothers are no longer a mother because they are just birthing machines. Then we have a Supreme Court Justice who claims she cannot define even what a woman is anymore.
The Blue States have lost their minds. Thank God I left New Jersey. Contributing even 10 cents in taxes to this state is so offensive, for they have abused their power and are tearing down the family unit. This government is blocking parents from knowing that a minor has been manipulated into thinking they should change their gender. When I was just a teenager, I started smoking because everyone else was doing it. You do things at those ages to prove yourself for manhood. I lost a friend in 9th grade to alcohol poisoning because drinking was cool. If someone should nude photos of someone under 18 and talk about having sex, you would see them charged with child molesting. Is it OK for teachers to indoctrinate children at such a young age and then hide it from their parents?
I am sorry. These people are SICK. They are making it highly dangerous for simply gay people, who are all starting to be thrown into this same category because our politicians have lost their minds.
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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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