Tag Archives: open borders

Jul 12 2023

BoC Study: 59% of Canadians Willing to Accept CBDC


Armstrong Economics Blog/Central Banks Re-Posted Jul 12, 2023 by Martin Armstrong

The masses do not realize what CBDC really entails. It is marketed as a convenient and modern way to bank. In truth it is a tool for control, an important tool that governments need to usher in the Great Reset. A recent poll by the Bank of Canada aimed to see how willingly the public would accept a new digital currency. Surprisingly, the majority said they were willing to make the switch without hesitation.

An alarming 59% of respondents said they are willing to switch to CBDC once available. They do not realize that they won’t have a choice in the matter. Around 43% said they were “somewhat willing” to accept CBDC. Then 11% said they were “very willing” and 5% “extremely willing.” Only 25% said they would not make the switch, which again will not be optional. Only 16% admitted that they do not understand the concept.

It appears that the public does not understand the risks involved. Over half (51%) said they were confident the central bank would securely handle their transactions and data. Around 56% said they were concerned about the potential for fraud, cyber attacks (53%), personal data misuse (44%), and lack of anonymity (35%). The central bank, of course, did not ask the real question – Are you comfortable with the government controlling all of your financial transactions?

Eighteen of the G20 countries have already begun developing digital currencies. The real threat here is that CBDC will provide governments will full access to our finances. We see how easily private banks de-bank individuals. Trudeau was able to cancel accounts of protestors and their alleged supporters in an instant.

CBDC would allow government to deny people access to their finances entirely, especially since cash will not be an alternative. The WEF wants to link individual IDs to the banking system and throw in social credit scores for good measure. A WEF spokesman recently said during the Summer Davos that they would like to control what people buy and ban unapproved purchases. Then they will ensure no money goes off the grid as governments want to tax us into oblivion. Now is the time to show resistance to the idea. Once they implement these policies, there is no going back. They will give us a timeframe to convert our cash to a CBDC and then governments will have complete control over our finances.

Jul 12 2023

Bankruptcy on the Rise


Armstrong Economics Blog/USA Current Events Re-Posted Jul 12, 2023 by Martin Armstrong

Chapter 11 bankruptcies in the US rose by 68% during the first six months of 2023, according to Equip Bankruptcy. You may have survived the pandemic, but surviving Bidenomics is proving too much for many businesses. There were 1,766 filings during the first six months of 2022, compared to the 2,973 businesses that went under this year. Chapter 13 personal bankruptcy also rose by 23% during this period.

Around 12,107 commercial filings were recorded during the first half of this year, marking an 18% increase year-on-year. Small businesses experienced a 55% increase in Chapter 11 filings during the same time period. Commercial bankruptcies increased 12% year-on-year in June alone, and small businesses saw a 111% spike. “The growth in filings is reflective of more families and businesses facing surging debt loads due to rising interest rates, inflation, and increased borrowing costs,” said ABI Executive Director Amy Quackenboss.

Everyone is in trouble here. This is becoming a trend as inflation is here to stay. Credit card debt has reached historical highs as people struggle to pay the basics. Businesses were already decimated by COVID policies, and some never regained the momentum. People have lost all confidence in the future and are less likely to spend. Many businesses attempted to recover from lockdowns and the supply chain disaster, but the increased regulations make it difficult for many to profit. It will only become more expensive to borrow money as Powell all but guaranteed additional hikes this year, and now many have no other option than to liquidate it all.

Jul 12 2023

Nigel Farage – War on Cash


Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 11, 2023 by Martin Armstrong

Jul 12 2023

President Trump Denounces Biden Decision to Send Cluster Bomb Munitions to Ukraine


Posted originally on the CTH on July 11, 2023 | Sundance 

President Trump does not mince words when it comes to the senseless bloodshed and chaos in Ukraine.

As Joe Biden meets with NATO members to consider their latest strategies to expand the proxy war in Ukraine, President Trump denounces the decision to provide cluster bombs.

It should be noted, this recent decision by Biden follows an earlier decision by NATO to send depleted uranium munitions into the battlefield.  Ukraine is quickly turning into a toxic killing field as World War Reddit continues.

DONALD J TRUMP – “Joe Biden should not be dragging us further toward World War III by sending cluster munitions to Ukraine—he should be trying to END the war and stop the horrific death and destruction being caused by an incompetent administration. These unexploded cluster munitions will be killing and maiming innocent Ukrainian men, women, and children for decades to come, long after the war—we pray—has ended.

If, as Biden inadvertently admitted, the reason for sending cluster bombs now is that the United States is “running out of ammunition” (a great breach of classified information), that only further emphasizes the urgency of immediately deescalating this bloody, dangerous, and out of control conflict. It certainly means we should not be sending Ukraine our last stockpiles at a time when our own arsenals, according to Crooked Joe Biden, are so perilously diminished.

There could be no more vivid proof that Joe Biden’s policy of endless war in Ukraine has tremendously weakened the United States than the humiliating admission that the USA is now out of ammo, something our enemies are undoubtedly salivating over. This “admitted” weakness is an invitation to enemies all over the world. Joe Biden is needlessly and dangerously leading us into World War III, which would be a nightmare beyond imagination—obliteration!

We must stop this insanity, immediately end the bloodshed in Ukraine, and return to a focus on America’s vital interests. Most importantly, we must completely rebuild our depleted military so it is once again so strong—like it was just 3 years ago when I rebuilt it—that no nation would even think of threatening our people. We must have “PEACE THROUGH STRENGTH” and in a short time, the Presidential election of 2024 will produce that result.” (read more)

[…] NBC News asked most of the 2024 GOP presidential campaigns Monday for comment to gauge where other candidates stand on the munitions issue.

Only former U.N. Ambassador Nikki Haley responded, she said she supports the decision. (link)

Jul 10 2023

Gold Back Currency Reality


Armstrong Economics Blog/Gold Re-Posted Jul 8, 2023 by Martin Armstrong

QUESTION: Do you think the BRICS would create a gold-back currency as proposed by Russia?

SJ

ANSWER: The Neocon has directed the Biden administration to remove Russia from SWIFT. Their single-minded goal is destroying the world economy, but they do not care. They think they will conquer Russia and China and dominate the world so they will worry about the monetary system afterward.

You have to understand that if the BRICS followed that directive and created a single gold-back currency, they would have to end any idea of international trade. This proposal is understandable given the hostility of the United States from the Neocons, who are now in charge. Congress is oblivious to what is happening, and the American public is arguing over Transgender destroying the family unit.

This is not some simple one-dimensional idea that we create a limited-backed currency. That will be DEFLATIONARY and, at the same time, promote civil war in the United States. Politicians cannot run for office, promising endless gifts, forgiving student loans, etc. You cannot have deficits. This would NECESSITATE the end of Marxism once and for all.

This idea of a gold-back currency requires political change on a grand scale.  That is coming. Post-2032 will be a new monetary and political system. Before then, they are pushing CBDC, and they will restrict what you can buy or sell, and this is all to retain power because they KNOW they are losing it. But in the process, they are destroying everything. The people who voted for Biden had no clue that they were voting for a coup and the ultimate destruction of Western civilization as we have known it.

I buy gold, but I also understand the game. I do not want gold-back currency; I prefer gold to remain as a hedge against the government. If they back the currency with gold, this time, they will be knocking down every door to confiscate it all.

These Neocons have already divided the world economy in two. They think they will conquer the world. The enemy is within.

Jul 10 2023

US Sending Most Deadly of All Weapons to Ukraine That Kills More Civilian Than Soldiers


Armstrong Economics Blog/Neocons Re-Posted Jul 10, 2023 by Martin Armstrong

Cluster Bombs kill more civilians than soldiers and are one of the most lethal weapons that destroy any territory. More than 120 countries have signed on to an international treaty banning the weapons, which typically scatter a large number of smaller so-called bomblets over a large area that can kill or maim unwary civilians months or years later. The United States refuses to sign the treaty. Our Neocons block anything to reduce their blood-thirsty hatred of Russians and Chinese. The United States is kept divided, using abortion and LGBTQ and pushing transgender on minor children all to divert our attention from the cold hard reality that the United States has undergone a coup where the Neocons are now in full control of the government and intend to wage world war III. There is no way they will allow Trump to win, nor will they allow RFK Jr. Biden will win and the CIA, etc, will ensure the vote is rigged in 2024. There is no way they will allow anyone to come to Washington to stop this war they have dreamed about their entire lives.

The US has maintained that Cluster Bombs are a war crime in themselves. Yet, the United States intends to now send Cluster Bombs to Ukraine. The Neocons care nothing about international law or even the opinion others have of the United States. The Neocons have pushed torture in Guantanamo Bay and don’t forget about what they did in the Middle East. The Neocons directed the United States Army and the Central Intelligence Agency to commit a series of human rights violations and war crimes against detainees in the Abu Ghraib prison in Iraq,

What they did in  Abu Grab was a war crime but nobody in Washington will dare accuse a Neocon. The US pays professionals on how to torture. There would be nobody in Guantanamo Bay prison if they were guilty. They would put them on trial publically and pump up the press and the prosecutors would become famous and then run for political office. Their best case was put on trial and the jury found him innocent of over 200 charges and guilty of only one count of conspiracy.  Ahmed Khalfan Ghailani was the best case they had. Obama reiterated his first campaign promise to close Guantanamo Bay and end torture back in 2008. – it’s still open.

Neocons always do whatever they want. They will NEVER comply with international law and could care nothing about tarnishing the image of Americans worldwide.

Jul 10 2023

Coke in the White House – Trump v Biden


Armstrong Economics Blog/USA Current Events Re-Posted Jul 10, 2023 by Martin Armstrong

The media condemned Donald Trump for drinking Coca-Cola. Numerous media outlets picked up the stories and they tracked exactly how much soda the president consumed each day. They interviewed doctors who called Trump reckless for consuming so much sugar, with some even claiming the soft drink was affecting his behavior. Fast forward a few years later, and the media is dismissing the fact that the Secret Service found actual cocaine in the White House that forced a full evacuation of 1600 Pennsylvania Avenue.

The mainstream media wants us to laugh off the illegal drug surpassing top White House security. The White House tried to claim it was found in a common area but has changed the location numerous times. Joe Biden was visiting Camp David when the powder was discovered. Everyone has an idea of the most likely culprit. Press Secretary Karine Jean-Pierre, who has never answered a question directly, claims they will investigate and find the culprit. That means they will pin the blame on some innocent person who happened to be at the wrong place at the wrong time.

The intelligence agencies are already in Biden’s pocket and cannot be trusted to investigate. House Republicans are opening up an investigation. “This alarming development requires the Committee to assess White House security practices and determine whose failures led to an evacuation of the building and finding of the illegal substance,” Comer wrote, adding that his committee would need “additional information.”

Rules for thee but not for me. Fast-forward to around the two-minute mark in the video above. Let us recall that Biden implemented some of the harshest laws imaginable for drug users during his time as a senator. “TAKE THEM OUT OF SOCIETY!” Biden screamed, insisting there was no way to rehabilitate these people and jail was the only option. He said he did not care if someone was disadvantaged or had a poor upbringing. People are rotting away behind bars for being in possession of a class one narcotic. Yet, there are pictures of his son weighing out crack cocaine, smoking it with prostitutes, and discussing purchasing it. If it does belong to his son, then the Bidens know they are well above the law to the point where they are flaunting their immunity in our faces.

Jul 9 2023

Le Pen – What Have You Done to France?


Armstrong Economics Blog/France Re-Posted Jul 9, 2023 by Martin Armstrong

Jul 9 2023

Zelensky Cancels All Elections Becomes Dictator for Life


Armstrong Economics Blog/Ukraine Re-Posted Jul 8, 2023 by Martin Armstrong

QUESTION: Is it true that Zelensky is canceling elections?

HZ

ANSWER: On June 22, 2023, President Volodymyr Zelenskyy is a dictator installed by the West to create World War III against Russia. Zelensky told the BBC that Ukraine’s scheduled 2023 parliamentary and 2024 presidential elections would occur only if martial law had ended by that time, as reported by the New Voice of Ukraine. Hence, he has a personal reason not to seek any peace whatsoever.

There is NO WAY Zelensky is fighting for democracy – this is all propaganda. He hates Russians and refuses to allow them to separate as per the Mink Agreement and, at the same time, refuses them to vote in any Ukrainian election, no less for their independence. Zelensky is an outright war criminal, and over 8 million Ukrainians have now fled their own country because he refuses to end the war and is destroying his own country all for Blackrock’s investment scheme. His own people would remove him from office, so he cannot allow any election, and there is no way NATO or the USA will allow free elections in Ukraine.

There is no way this war will end without the Donbas’ destruction and Russia’s fall. It is a proxy war that the United States started. CIA chief John Brennan traveled to Kiev in 2014 and instructed them to begin the civil war. Kiev called the Russians of the Donbas “terrorist” because they sought independence from Kiev just as Kiev sought independence from Moscow.

Biden & Harris are clearly a no-brainer for the Neocons. There is way too much at stake. If the Neocons could, they would suspend elections in the USA as well. These people have wanted to destroy Russia for decades. They have waged endless wars, one after the other, and never won a single one. The Taliban are now major arms dealers selling billions of dollars of the weapons we left behind. They intend to escalate Ukraine and need to get the US directly involved because they cling to the idea that no president has ever lost an election during a time of war. They need to escalate this war and soon. The rumor is that Ukraine will detonate a dirty nuclear bomb and blame Russia, and then NATO and the USA invade.