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:

.

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.

The Price of Dying – Repeal the Estate Tax


Posted originally on Jan 26, 2024 By Martin Armstrong 

Angel of Death

They say the only two certainties in life are death and taxes. And taxes on dying if you’re in the US. That’s right, the luxury of death comes with a price in the land of the free, thanks to the death tax. Now, Republicans are working to introduce legislation that would allow Americans and their families to rest in peace, free of charge.

The estate tax, or death tax, was first executed in the United States in 1916 as a means to generate revenue for the federal government. Supporters said it would address concerns about wealth concentration. The tax has been rewritten and revised over the years and numerous states have imposed their own death tax on top of the federal one. This is not the same as the inheritance tax that directly taxes beneficiaries.

US Representative Randy Feenstra, a proponent of eliminating this absurd tax, believes this bill is hurting farmers in particular. I have heard similar sentiments from my own clients. People fled England to America to avoid government confiscation of property through taxation. Britain has a 100-year land lease program whereby you pay the actual fair value of the property you bought outright. At the end of that 100 years, the next tenant must pay the full fair value once again. This is how the “rich” made their money keeping it in the family and never selling land. It is also why Britain was forced to hand Hong Kong back to China after 100 years.

People fled to America so they could actually pass property down to their children like the rich landholding families in Britain. This was the origin of the term “freehold” meaning you could actually own the land. America was the land of opportunity because it was all freehold and people could for the first time rise from the poor rank to that of the rich by hard work, saving, and being able to create wealth for the family unit. This was the American Dream.

Failing to repeal this tax will change American agriculture. As Rep. Feenstra notes:

“Over 99% of our country’s two million farms and ranches and over 95% of our nation’s small businesses are owned and operated by individuals and families. In other words, the American economy is powered by mom-and-pop shops on main street and farms that have been in the family for generations. Naturally, the federal government only sees these incredible farms and small businesses as potential sources of tax revenue, completely ignoring the sacrifice and labor that made these enterprises successful.”

This is one of the reasons why the wealthy in China are buying US farmland. The manner in which governments globally treat farmers is shameful. The government is not our next of kin; we do not save our entire lives to provide a better life for government.

The Goths – Ancient Rome’s Migrant Crisis


Posted originally on Jan 26, 2024 By Martin Armstrong 

GothMigration

The globalists refuse to declare the migrant crisis an “invasion,” but we have history’s guidance to show us what happens when an unsustainable number of people enter a nation. The Goths, a non-military group considered migrants, are a perfect example. These men, women, and children sought refuge within the Roman Empire. This was not an invading army but rather a fleeing population seeking safety from the Huns. The Goths, long-time foes of the Romans, appealed to be admitted to Roman territory due to the threat they faced and needed to seek asylum. This event led to significant consequences and marked a turning point in the history of the Roman Empire.

The great Gothic migration involved hundreds of thousands of men, women, and children. While, to some degree, the growing unrest in the East pushed them southward, there is also little doubt that the border defenses of the Roman Empire had also been seriously weakened by the political instability and economic pressures that were building within Rome itself. Of course, the rumor of great plunder and riches available in Roman territory acted like a magnet much in the same way as the rumors of streets paved in gold in America prompted great European migrations during the 19th and early 20th centuries or the outdated stereotype of the American Dream.

Maximinus I 235 238AD AE Sesterius R

By 238 AD, the Gothic position was so threatening to the Roman Empire that Emperor Maximinus was forced to pay them vast amounts of tribute, similar to how countries currently pay all expenses for migrants. While his aim may have been to buy time, this demonstrated weakness on the part of the Romans, who were still in the middle of internal political struggles for power. Internal imperial rivalries ultimately defeated Maximinis. Within less than four years thereafter, the Goths began a series of raids along the Danube.

PHILIP I AR Antoniniany Aequitas

A decade later and Philip I attempted to quell the influx of migrants, but died while battling his successor, Trajan Decius. Rome was simply decaying gradually from internal struggles, which weakened the economy and constantly pitted one legion against another in a struggle for power. We see internal struggles today throughout the West as politics continue to divide the people. The Romans did not consider the Goths to be a force that would threaten the entire Empire, but rather more as a barbarian force looking for plunder rather than power.

Dacia Map

Trajanus Decius declared the Goths an enemy and attempted to force them out of the empire, only for the masses to return a year later. The Goths were prepared this time and formed several strategic alliances with enemies, such as the Dacian Carpi. This led to a full-scale invasion, and the Roman Empire suddenly found itself besieged as war raged on in Moesia, Dacia, and even in Thrace, while the main body of the Gothic invasion was preparing a descent into the region of the Black Sea.

After many battles, the Goths emerged as the new masters of the entire Danube territory, all the way to the Black Sea. Trebonianus Gallus emerged as the new Emperor who could do nothing to reverse the Empire’s humiliating defeat. The Goths now turned to Illyricum and Thrace, burning and plundering their way across the region. By 253 AD, the Goths set sail along the Black Sea, headed straight for Asia Minor, which was wide open and waiting to be plundered.

Aurelian Walls 2

The Roman Empire was declining until Emperor Aurelian came to power and began restorative efforts, including anti-immigration policies. He not merely launched defensive measures, he moved on the offensive against the Goths and demolished them through a series of battles. The Goths were driven out of the Balkans and into Dacia. Aurelian also greatly restored the Black Sea defenses, which helped those regions rebuild their economies as well. However, Aurelian failed to pursue the barbarians into the Roman province of Dacia, pulling back and establishing the new border once again along the natural border as originally defined by Augustus – the Danube.

Aurelian Gold Bust

Aurelian’s decision to redraw the borders left Dacia in the hands of the Carpi and the Goths. Once the Goths were contained, they began to divide into two distinct groups – Ostrogothic and Visigothic kingdoms. These groups would evolve into powerful states that would ultimately bring down the Roman Empire in the West.

Those in favor of the Gothic migration stated that the newcomers would increase tax revenue and benefit the Roman economy. It was a humanitarian crisis and Rome’s responsibility to solve. Instead, the unsustainable influx of Gothic refugees contributed to the eventual fall of the Western Roman Empire. The event marked a turning point in Roman history and was part of a period in which the Roman Empire nearly collapsed under the combined pressures of invasion, civil war, plague, and economic depression. History always repeats.

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!

Tucker Carlson Gives “Freedom” Speech in Canada – Justin Not Happy with “Freedom” Propaganda


Posted originally on the CTH on January 25, 2024 | Sundance 

Justin from Canada is oh not too happy with Tucker Carlson for traveling to Calgary (rebellious audience 4,000) and then stadium show for 8,000 rebels in Edmonton.  Apparently, Justin does not like it when Tucker comes to Canada.   WATCH:

.

[JUSTIN is Big Mad – Article Here]

Javier Milei of Argentina at Davos


Posted Originally on Jan 24, 2024 By Martin Armstrong 

The WEF attempt to rule the world

Thank God for Truckers & Farmers


Posted originally on Jan 24, 2024 By Martin Armstrong 

Canada Truck Protest
French_farmers_protests

The World needs to thank the Canadian Truckers. They have inspired so many around the world. The Farmers have staged massive protests in the Netherlands, then Germany, and now in France. Sources from even Southern France say it is impossible to get to work so many road are blocked.

At last, a US trucker convoy is preparing to head to several locations along the U.S.-Mexico border next week to draw more attention to President Joe Biden’s lax immigration enforcement policies Republicans have blamed for millions of illegal crossings.

“There will be a ‘Take Our Border Back’ multi-day trucker convoy from January 29th through February 3rd,” Rep. Keith Self (R-Texas) wrote in an X post. “Routes will end at Eagle Pass TX, Yuma AZ, and San Ysidro CA.”

The U.S. convoy has been inspired by the protest movements in Canada during the COVID-19 pandemic. Truckers gathered around government buildings in Ottawa and border checkpoints to oppose the nation’s strict vaccine mandates. Trudeau passed an Emergency Act to oppress the people in a ruthless manner probably as he was taught by the World Economic Forum.

In response to the protests, Canadian Prime Minister Justin Trudeau invoked the nation’s “Emergencies Act” to effectively declare a form of martial law, leading to the clearing out of protesters by riot police and the arrest of leaders who also had their bank accounts seized.

In case you didn’t catch this – The Canadian Federal Court found that Trudeau’s decision to declare the Emergencies Act was ultra vires “unreasonable” and “unjustified” – and that the measures violated the Charter.

“1. The Respondent’s motion for an order striking the application for judicial review is

denied and the Court exercises its discretion to determine the matter notwithstanding

that it is moot in view of the revocation of the Proclamation and termination of the

associated Regulations and Order;

2. The Applicant is granted public interest standing to bring this application for judicial

review;

3. It is declared that the decision to issue the Proclamation and the associated

Regulations and Order was unreasonable and ultra vires the Emergencies Act;

4. It is declared that the Regulations infringed section 2 (b) of the Charter and declared

that the Order infringed section & of the Charter and that neither infringement was justified under Section 1

5. no costs were awarded” 

Canadian Federal Court Rules Use of Emergency Powers to End Trucker Protests Was Unconstitutional


Posted originally on the CTH on January 24, 2024 | Sundance

Justin from Canada and Finance Minister Chrystia Freeland, used the invocation of the Canadian Emergency Powers Act to seize Truckers’ and their supporters bank accounts, block mortgages, eliminate loans and credit cards, seize personal assets and otherwise use financial mechanisms to target their political opposition.

Yesterday a federal judge in Canada ruled the use of the Emergency Powers Act was unconstitutional.

CANADA –  […] On Feb. 14, 2022, the federal government invoked the Emergencies Act for the first time in its history, arguing at the time that the national security risks stemming from the protests justified its use.

The move allowed the federal government to enact wide-sweeping but temporary powers to help officials crack down on protesters’ access to funds, grant the RCMP jurisdiction to enforce local laws, designate critical infrastructure and services, and impose fines and imprisonment on participants who refused to leave the protest zone.

“I have concluded that the decision to issue the Proclamation does not bear the hallmarks of reasonableness – justification, transparency and intelligibility – and was not justified in relation to the relevant factual and legal constraints that were required to be taken into consideration,” stated Federal Court Justice Richard Mosley.

Mosley added that “there can be only one reasonable interpretation” of the Emergencies Act and CSIS Act, and that he believes “the legal constraints on the discretion of the GIC to declare a public order emergency were not satisfied.”

Mosley also stated that, factoring for the definition of a “national emergency” under the Act, “there was no national emergency” to justify its use, and that “the decision to do so was therefore unreasonable” and beyond the powers of the law. (read more)

Interview: Sorry, Klaus — You Will Fail


Posted originally on Jan 23, 2024 By Martin Armstrong 

Klaus Schwab and his minions …….

The Collapse in Confidence


Posted originally on Jan 23, 2024 By Martin Armstrong 

Confidence in Government

QUESTION: Dear Martin – you often speak of CONFIDENCE in the government and there are many arrays you share that indicate confidence or lack thereof (Interest rates, Gold, Bonds, Indexes, Forex and others). All of these are open to interpretation by Socrates subscribers, and of course your respective, priceless commentary you share with us. What I’ve always wondered is if there is a Socrates array specifically called ‘Confidence in the Government’? That would indeed be the array of arrays!
Kind regards.
GS

ECM 2011 2020 Detailed

REPLY: That is an idea. I warned that the peak 2015.75 of the previous wave was the PEAK IN GOVERNMENT. Ever since then, the confidence in government has been declining. We had Hillary calling everyone who voted for Trump a deplorable. Merkel opened the gates to allow the “refugees” from Syria to flood in, and they came from everywhere, which undermined the stability of the governments in Europe and prompted the vote on BREXIT. BY 2016, we learned about Hillary’s emails and the private server she set up to sell influence so that it would not be subject to the Freedom of Information Act discovery. Then she launched the fake dossier claiming Trump was a puppet of Putin, beginning the whole Russian Conspiracy scandal. Within a year, the US banned Russia Today (RT), claiming it was a foreign agent thanks to Hillary.

We monitor sentiment, and there is no question about it. Ever since COVID-19, trust in the institutions of Democracy has been visibly declining. In the past five years, the European Union’s official research bureau found that less than 30% of Europeans had faith in their national parliaments and governments. This has produced the lowest figures in years and indicates what we face heading into 2032. This means that 70% of the people distrust Brussels and their own governments. Typically, the danger of civil unrest and even revolution emerges when this falls below 30%.

When we look objectively around the world, in the West, political parties are the least trusted compared to Russia or China. Traditionally, the cornerstone of a free society is the fundamental right to remain a skeptic of government and those in power. When that is stifled, society is no longer considered to be a free society.

Revolution unfolds as people’s interest in politics grows because of events while trust in politics continues to decline. This is reflecting the very stability of a nation is being undermined by the sheer attempt to manipulate society and impose dictates from a central authority, which is precisely the same tactic under Communism that caused its collapse.