Posted originally on Nov 3, 2024 By Martin Armstrong
QUESTION: Mr. Armstrong, I’m sure you do not remember me. I worked on Capital Hill when you were shuffling around the halls pitching to reform the debt and social security. This interview was too short, and you did not get to explain the full scope of what you were doing. I think you should also state your plan to revise Social Security.
RB
ANSWER: I think you were in the office next to Bill Archer. Yes, you are correct. I was also asked back then to reform Social Security and transform it into a Wealth Fund. That was part of the debt reform to eliminate debt, which meant they used Social Security to buy debt that would have to end. I laid out that we would convert to a Wealth Fund, allocating to managers who submitted their track records only with at least a 10-year live history. The Democrats would not go for it, claiming it was risky, and they wanted to reallocate the fund to managers they selected if they won back the House. The Dow Jones Industrials was 5500 at the time. We would have saved the country and everyone’s future.
The System will crumble, and people will be robbed of their future all because we have career politicians running the government rather than We the People.
Posted originally on the CTH on November 1, 2024 | Sundance
The final Bureau of Labor & Statistics (BLS) jobs report before the election was released today. The results are devastating to the Biden economic narrative, yet reflective of the statistical manipulation within prior data. [BLS Report HERE]
Overall, 12,000 jobs were added. However, the private sector lost another 28,000 jobs and government gained 40,000.
Additionally, “the change in total nonfarm payroll employment for August was revised down by 81,000, from +159,000 to +78,000, and the change for September was revised down by 31,000, from +254,000 to +223,000. With these revisions, employment in August and September combined is 112,000 lower than previously reported.” [BLS Report, Table B-1]
Nationally the retail sector lost another 6,400 jobs, but state government increased employment. The host is getting smaller, the parasites are enlarging.
I’m actually a little surprised to see the bureau publish openly damaging information to their aligned administration. However, that may also indicate a certain amount of acceptance of the inevitable on behalf of the BLS data control officials. At a certain point everyone has to admit the emperor has no clothes.
Many businesses are in a holding pattern, having survived the last several years.
Many individuals are one last breath away from drowning.
Posted originally on Oct 31, 2024 By Martin Armstrong |
Next week, those attending the World Economic Conference can pull down this report from your portal. The Crisis in Democracy goes through in detail and reviews even Direct Democracy addressing the criticisms and why this end up as our only alternative.
This report deals in-depth with the Greek Philosophers Socrates, Plato, and Aristotle and their criticism of a Direct Democracy compared to our present state of political disaster. This is the way to the future, and this report dives into this critical issue for our future survival as 2032 approaches.
The Report will be available for non-attendees and Virtual Plus at $300 after the conference.
Posted originally on Oct 29, 2024 By Martin Armstrong
QUESTION: Marty, I know you will not say who you advise, but we know you were the only Western analyst called in by China during the Asian Currency Crisis. People have also seen you in India at that famous hotel that the terrorists attacked. China even issued a white paper on how their central bank uses Capital Flow Analysis, which you invented. That said, my question is: The BRICS had everyone expecting a gold-backed currency if that failed. You also said in an interview that the new BRICS currency would not displace the dollar. Would you comment on why a gold-backed BRIC note would fail since they seem to have taken that position from you?
QB
ANSWER: The BRICS currency was created for geopolitical reasons when the Neocons transformed the SWIFT system into an economic weapon and even threatened China that they would do the same to them if they supported Russia. Once that occurred, the Neocons transformed the entire world’s monetary system into a weapon of war. That is why we have the BRICS. It had nothing to do with killing the dollar or backing their currency with gold.
Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. Look—a gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is gold does not eliminate inflation or deflation. All the gold discoveries during the 19th century in California, Alaska, and Australia caused havoc economically. Then there were wars. The fact that gold was the currency did not prevent inflation.
Spain defaulted 7 times. All the gold and silver they brought back from the New World caused massive European inflation. Those who preach that a gold standard is the answer know nothing about history.
They blame “fiat currency” as if this will solve all the problems by eliminating it. There were booms and busts throughout ancient times long before there was paper money. ALL currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they had a premium over gold – fiat. Northern India and the Kushan Empire did issue their own coinage mainly because they traded more with China. Southern India stuck imitation Roman gold coins for about 250 years. That confirms that the Roman coinage was worth more than the metal content.
BRICS Will Not be a Gold-Backed Currency or a Dollar Killer
They made the same claims about the Euro. That, too, did not work out well. Why? The value of a currency is the productive capacity of its people—not its gold reserves. Japan and Germany lost the war and rose to the top of the economic food chain because their people were productive. The United States has the largest CONSUMER-BASED economy, so everyone needs to sell their products here. That means that they must sell in dollars. The US is also strong militarily. That also adds to the foundation of the currency.
It is time we abandon all of these old, stupid economic theories, leftovers from the 18th and 19th centuries. The economy has evolved since then. The Neocons are destroying the dollar. They are undermining the future of the United States, and when we lose another one of their endless wars, the financial capital will shift from New York to Beijing. Just as war killed Britain, so will it kill the dollar and the United States.
Birth rates are plummeting across the world — America, Canada, South Korea, Singapore, Taiwan, Italy, Japan, Russia, and now England and Wales. Nearly every developed country has seen a large decline in the fertility rate as a direct result of economics. People simply cannot afford the costs associated with raising children and it is slowly changing civilization. England and Wales recently reported the lowest fertility on record since it began collecting data in 1938. Fertility rates in the UK are falling faster than any other G7 nation.
The total fertility rate (TFR) fell to 1.44 per woman in 2023 compared to 1.49 in 2022, marking the lowest on record since the Office for National Statistics (ONS) began collecting data. There were 591,072 new births recorded last year but that is the lowest figure since 1977. The ONS stated that “natural” population replacement may only occur when women have a fertility rate of 2.1 children.
Fertility rates across the world are plummeting but individual nations are seeing their populations explode as a direct result of immigration. In fact, the number of migrants entering the UK far surpasses the birth rate, with an estimated 685,000 migrants entering the UK in 2023.
We are witnessing population replacement at play. Birth rates are declining across developed nations among the citizens who can no longer afford to expand their families. On the other hand, these nations opened their borders and provided free shelter, healthcare, etc., to migrants who are comfortably expanding their families. In the UK, we are witnessing a Christian nation being replaced with Islamic views and ideals as most migrants arrive from the Middle East, and their culture encourages having larger families. We are witnessing a shift in society as the current citizens are being phased out and replaced by newcomers.
Posted originally on Oct 28, 2024 By Martin Armstrong
Kuwait has forced over one million citizens to hand over their biometric data in one of the most extreme pushes for digital ID. Kuwait introduced a national electronic ID (eID) that they say will assist with identification verification, digital signatures, E-government access, and the secure exchange of data. The deadline to file for this mandatory program was September 30 and the consequences for failing to comply were swift.
On October 1, the Ministry of Interior announced that those who failed to submit their data would be prohibited from all electronic services such as withdrawals, transfers, and account transfers. One cannot even withdraw cash. Around 35,000people have been blocked out of their bank accounts and are unable to even view the balance. A few weeks later, those in noncompliance has their electronic bank cards deactivated. Visa, MasterCard, and K-Net all abided by the government’s rule.
Beginning on November 1, The Kuwait Banking Association stated it will implement a “complete block” on all accounts, which means one cannot even withdraw funds if they go to the bank in person. Expatriates have until December 31 to submit their biometric registration.
The government has reported an uptick of 6,000 new registrants per day compared to 600 since they began blocking citizens from accessing their own bank accounts. The government called this a “phased approach,” believing they’ve offered leniency to the public.
The issue here is that governments globally are strapped for funds and believe that they can increase revenues by at least 35% if they hunt down their citizens for taxes. Then we have the layer of the Great Reset put forth by Klaus Schwab and the World Economic Forum that is aiming to create a One World Government complete with a global database to track absolutely everyone. Australian journalist Maria Zaric has called it a “digital prison.” Once you’re locked in, you’re locked in. People will be less likely to speak out against the government, protest, or refuse vaccinations if they know their government can immediately exile them from society. This is more than a mere identification as it provides the government with instant access to all of your information and they will track your every movement. This is only the beginning of a massive wave of tyranny. Our computer has been warning that we have been entering into a more authoritarian mode that will reach a head in 2032.
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
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