Africa’s First Test Run for a CBDC has Failed


Armstrong Economics Blog/Great Reset Re-Posted May 22, 2023 by Martin Armstrong

The transition to CBDC in Nigeria did not go as planned. The elites always seek out African nations to use as their test subjects. Nigeria attempted to slowly roll out the program dubbed eNaria built on the Hyperleger Fabric blockchain. The Central Bank of Nigeria (CBN) is solely responsible for running the nodes of this digital currency. Beginning stress tests stated this currency could execute 2,000 transactions per section.  In October 2021, the government began offering incentives to citizens who chose to CBN.

A year later, the country was still hesitant to make the switch so the central bank began implementing forceful measures. In October 2022, the CBN decided to cancel and resign the currency in a “move aimed at restoring the control of the Central Bank of Nigeria (CBN) over currency in circulation.” They stated that the original paper notes would only be legal tender until January 31, 2023, leaving the people with no alternative but to convert their cash. Nigerians were no stranger to the concept of currency cancellation as it is something the government has routinely done. The CBN openly announced that the end goal was to target a 100% cashless society replaced with eNaria. Fewer than 0.5% of Nigerians adopted the eNaria and protests erupted across the nation.

By December 2, 2022, the Central Bank of Nigeria issued a letter to all banking institutes implementing a strict ban on physical cash. The central bank set a cash withdrawal limit of ₦100,000 ($225) per week for individuals and ₦500,000 ($1,123) for businesses. Citizens wishing to take out larger sums were subject to a processing fee between 5% and 10%. ATMs were limited to ₦20,000 ($45) per day, and only ₦200 ($0.45) notes or lower denominations were available in the machines.

Bloomberg reported that 90% of the country previously used cash for transactions. They did not want to convert to CBDC but were provided with no alternative. Demonetizing the currency reduced available cash from 3.2 trillion narias to 1 trillion narias. This led to the central bank creating over 10 billion eNarias. The people are continually protesting these measures as their society which was largely dependent on cash interactions has been destabilized.

This is how it all begins. They are using Nigeria and other countries as test subjects before rolling out these programs in the West. It is hard for Americans to fathom currency cancelation, as it has never occurred here. Yet, the Federal Reserve has made it clear that they are looking into this option. Per usual, they market it as a “convenience” for the people. In truth, it is a way to ensure money stays on the grid under the thumb of government. They will not allow one cent to go untaxed, and as the program expands, they can remove individuals and organizations from participating in society entirely.

One-Third of Canadians Support Killing the Homeless – Modern Eugenics


Armstrong Economics Blog/Ethics Re-Posted May 22, 2023 by Martin Armstrong

Canada’s largest eugenics program is underway after MAID (Medical Assistance in Dying) was expanded to include those without terminal illnesses. Someone may qualify for MAID if they are simply “too poor to live with dignity,” according to the Canadian government. A recent poll found that, while most Canadians are against the idea, one-third support assisted suicide to eliminate the homeless population.

Over a quarter of participants strongly (11%) or moderately (16%) agreed that poverty alone is a good cause for government assisted suicide. Again, the majority of Canadians do not agree with these measures but it is alarming that a significant portion of the voting population approves of blatant murder. Instead of helping those unable to receive medical treatment, 51% of respondents said these people should be killed by the government instead. Half of those polled stated that anyone with a disability should also die. Those with mental illnesses, even if treatable, should be killed according to 43% of respondents.

This is disturbing. About 24% stated that parents should be allowed to kill their terminally ill children without punishment. MAID has been continually expanded to kill off the undesirables, or the “useless eaters” as Hitler called them.

(A eugenics propaganda poster from the 1930s in London)

Hitler implemented sterilization programs for the “useless eater” class as soon as he took office. Yet we forget that many Western countries implemented similar programs around this time as well. In 1907, long before Hitler came to power, America first passed a sterilization law in Indiana to prevent criminality, mental problems, and pauperism. Pauperism, or poverty, was thought to be a genetic trait that could be eliminated through selective breeding. The US had eugenics sterilization programs in effect until Skinner v. Oklahoma was unanimously passed in 1942. Sweden, Denmark, Norway, and Finland passed similar laws around this time too. A simple cleft lip could be enough for someone to undergo forced sterilization or euthanasia. The UK Mental Deficiencies Act of 1913, promoted by Winston Churchill, sent half a million disabled people to psychiatric wards where they underwent forced sterilization. The UK and other nations did not repeal their eugenics programs until the 1940s, erasing their dark history and pointing the finger at Hitler as the sole evil mind behind the eradication of undesirables.

In modern-day Canada, those with treatable mental illnesses will be permitted to kill themselves starting on March 17, 2024, after the original date was postponed. The previous ten-day reflection period has been removed for those with a “reasonably foreseeable” death. Those without terminal illness must wait 90 days but “this period can be shortened if the person is about to lose the capacity to make health care decisions, as long as both assessments have been completed.”

Most victims die within 10 to 30 minutes of taking the end-of-life cocktail, but some survive and suffer horrible complications. Victims can be coerced into ending their life intravenously or orally, although the oral route can often take up to 24 hours. I will not state what is in the euthanasia cocktail.

It is extremely disturbing that most of the population supports killing the undesirables. They’re even considering extending this measure for children. This is blatant eugenics at play. There will be many people who become coerced into suicide because they are told they are a burden on society during a vulnerable moment. They are opening the door to a dangerous game where the government will be able to legally eliminate anyone deemed undesirable from society.

Bakhmut falls & Greece Elections Defeat the Polls


Armstrong Economics Blog/Socrates Re-Posted May 21, 2023 by Martin Armstrong

 COMMENT #1: Marty, I really do not know how Socrates does it. You were correct. May was a critical target. Bakhmut has fallen not just on the monthly target, but right to the week. It is becoming obvious why the CIA and the bankers went after you. Socrates beats everything even geopolitically.

Just amazing.

Greg

ANSWER #1: The future is written in the data. Socrates sorts it all out and what emerges is something I believe no human being can possibly forecast because the variables are just way too complex to try to calculate manually. I believe the whispers I hear from behind the curtain were that this was inevitable and quietly a number of European leaders are saying Zelensky should resign. But he is the puppet of the American Neocons. I do not know how that will really work out.

COMMENT #2: Thank you so much for your response to my question on the Greek election. You were right, The arrays showed a major change and it was spot on. Please come back to Athens again. Your speech here was enlightening. It was great to meet you in the hotel that morning before. Please do an update on Greece when the dust settles.

Always your supporter

EC

ANSWER #2:  You know I love Athens. Yes, everything showed a major political shift in May and there were Directional Changes set up for the election both on a Weekly and Monthly level. This move to the middleright is part of the cycle. The left has gone too far. They have undermined the basic tenets of civilization which functions ONLY when everyone benefits. This is the danger many over the centuries have warned about Democracy that one side can suppress the other. This is what tears civilization apart. They simply cannot stand.

There is no difference if we are dealing with a monarchy or a dictatorship. When a society turns to exploit the labor of its people, then we become merely economic slaves and regardless of the label professed by the government, it is simply tyranny. It was Thrasymachus who argued against Socrates and warned that ALL governments are the same – they only deliver justice that somehow always supports their own self-interest – not that of the people. This is why we go through these periodic cycles of revolution for every form of government always seeks more and more power until the people rise up and say – that’s enough.

Trudeau & Zelensky


Armstrong Economics Blog/Politics Re-Posted May 21, 2023 by Martin Armstrong

COMMENT: Reading yesterday’s post ‘Zelensky Before He Sold Out To The Neocons’ it occurred to me how similar his role has been played as that of my country’s leader Justin Trudeau.
When I first heard Justin talk years back before becoming leader he sounded so in touch with the people and their concerns.
But once Justin got into power he completely changed and did the exact opposite of what he stated publicly.

The degree and meticulousness with which all the current events have been apparently planned is simply mind-boggling.

RM

REPLY: The truth is we no more live in free countries than they did in Russia. The Deep State runs the show and as I have said many times, I can run for office and promise whatever you wish to hear. Then I get there and I am told I will vote as they tell me. Just look at the votes – they are always along party lines. That is why they hated Trump so much. He did not want to play by those rules. Now even the FBI was out to make sure he did not win the election.

Zelensky promised he would bring peace and end the civil war against the Donbas. That is what the Ukrainian people voted for. The next result, millions have now had to flee their own country as Zelensky did what the Neocons told him to do – sell out his own country. I know Ukrainians who have fled and are now living in Berlin losing all their property back home thanks to Zelensky.

Sunday Talks, Byron Donalds -vs- Chuck Todd


Posted originally on the CTH on May 21, 2023 | Sundance 

Florida Congressional Representative Byron Donalds appears on Chuck Todd’s Meet the Press Sunday to debate the current debt ceiling negotiations and push back against the popular corporate media narrative.  Todd represents the unsufferable leftist side of the political theater, maintaining current political pretenses and acting as a guardian for the nonsense.

Todd’s talking points around the debt ceiling are weak and ridiculous.  Biden presents no budget, congress advances no budget, and the theater of pretending continues.  Donalds does a good job in general terms, but really the starting point to tear down the theatrics would be best if the first statement from a political voice would be to ask Todd why he is so dependent on the notes.  ‘Get rid of your notes Chuck, and let’s talk reality’, would be a better framing. Always put the engineers on defense.

When the conversation moves to DeSantis -vs- Trump [07:28], the part of the theater most comfortably advanced by the praetorian guards, Donalds puts the bigger picture of crisis and global security into context. WATCH:

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World War Reddit Continues – Zelensky Flies to Visit G7 Assembly in Japan


Posted originally on the CTH on May 21, 2023 | Sundance 

Ukrainian President Volodymyr Zelensky flew to Japan to visit with the assembly of G7 leaders. The G7 consists of France, Italy, USA, U.K, Canada, Germany, Japan; however, the EU commission and President also attend the summits.

The G7 is the essential influence group for the Western alliance interests and NATO in their collective effort to maintain the proxy war against Russia known colloquially as World War Reddit. Ukraine is the selected geography for the geopolitical interests of the larger western alliance. At this point in the public-facing performance, it is clear that Volodymyr Zelensky represents the puppet inside the production.

In yet another exhibition of the strangest war ever, Ukraine President Zelensky flies to Japan to meet G7 leaders and help retain public support for the NATO vs Russia proxy war and regional conflict.  The globalist leaders are going to do what they want, regardless of the opinions of the citizens they claim to represent.

There is a potential for World War III.  It is also entirely possible the WWIII fighting will not be between nation states.  A more likely WWIII will be a physical battle between the autocratic rulers of western nation states and the citizens who have had enough of their manipulative nonsense.

(Via AP) – […] Hanging over Sunday’s talks was the Russian claim that forces of the Wagner private army and Russian troops had seized the Ukrainian city of Bakhmut. The eight-month battle for the eastern city — seen by both sides as a major symbolic prize — has been the longest and likely bloodiest of the war.

Comments by Zelenskyy earlier in the day in English suggested that the Russians had finally taken the city. But he and other Ukrainian officials later cast doubt on that assessment, with Zelenskyy telling reporters in Ukrainian that “Bakhmut is not occupied by the Russian Federation as of today.”

U.S. President Joe Biden announced new military aid worth $375 million for Ukraine, saying the U.S. would provide ammunition and armored vehicles. That pledge came after the U.S. agreed to allow training on American-made F-16 fighter jets, laying the groundwork for their eventual transfer to Ukraine.
“We have Ukraine’s back and we’re not going anywhere,” Biden said.

Even before Zelenskyy landed Saturday, the G7 nations had unveiled a slew of new sanctions and other measures meant to punish Moscow over its invasion that began in February last year.

While Ukraine dominated the summit, the leaders of Japan, the U.S., the United Kingdom, France, Germany, Canada and Italy, as well as the European Union, also aimed to address global worries over climate change, poverty, economic instability and nuclear proliferation. (read more)

Is Zelensky Concerned About a Coup?


Armstrong Economics Blog/Ukraine Re-Posted May 20, 2023 by Martin Armstrong

DNIPRO, UKRAINE - JANUARY 15: Emergency workers search the remains of a residential building that was struck by a Russian missile yesterday on January 15, 2023 in Dnipro, Ukraine. At least 20 people were reported dead after a missile hit the apartment building on Saturday, part of fresh wave of missiles launched by Russia. The Ukrainian president said his forces shot down 20 of 30 missiles fired by Russia on Saturday. (Photo by Spencer Platt/Getty Images)

There are quiet whispers inside various EU governments that Zelensky should resign. Inside Ukraine, it was highly suspicious that in January, conveniently, Ukraine’s leading officials in the Ministry of Internal Affairs of Ukraine (similar to our FBI) charged with protecting the state and the people against illegal actions by those in power all died in a crash together. There were some who had concerns starting to question Zelensky’s ethical position with respect to the people.

This helicopter carrying the leadership team of Ukraine’s Ministry of Internal Affairs crashed in the Kyiv region killing at least 14 people, including all nine people on board, according to officials. A further 25 people were injured on the ground including 11 children. Fourteen bodies were found at the crash site, including one child and all nine people who were on board the helicopter – six ministry officials and three crew members, all died according to the State Emergency Service of Ukraine (SES).

Ukrainian National Police confirmed that Ministry of Internal Affairs Denis Monastyrsky, First Deputy Minister Yevheniy Yenin, and State Secretary Yuriy Lubkovychis were among the dead. Monastyrsky actually had replaced the previous Minister of Internal Affairs, Arsen Avakov following his unexpected resignation.  Avakov was a political heavyweight. Avakov was considered by many to be one of the most powerful people in the country after Zelenskey and his chief of staff, Andriy Yermak. He oversaw about 300,000 law enforcement officials and a significant share of Ukraine’s annual budget expenditures.

There emerged a conflict between Zelensky and Avakov and it was widely assumed that Zelensky was preparing to fire Mr Avakov who was investigating internal corruption. His removal allowed Zelensky to seize more power and control any investigation into his personal dealings. This was no different than Biden telling the IRS to stop investigating his son Hunter.

Based on information and belief, Zelensky is very concerned about the “traitors” he defines as simply against him, not the people or the country. The rumors are that there are many beginning to question Zelensky’s true patriotism and his willingness to have all of Ukraine destroyed for his deal with Blackrock rather than show the slightest concern about the people of Ukraine. Avakov had served as head of the Ministry of Internal Affairs continuously since 2014. During that time, he oversaw the activities of the police and the National Guard. His removal was to cement Zelensky as a virtual dictator.

This has raised questions about the helicopter crash that eliminated Zelensky’s hand-selected Ministry of Internal Affairs who had his back.

When we look at the ECM calculated from the move of Russia to protect the Donbas from the Ukrainians in the civil war instigated by the United States Neocons, it does not appear that Zelensky’s grand scheme to make Ukraine the greatest European investment of all time with Blackrock will succeed. Why the Ukrainian people are willing to sacrifice their country all for the Donbas is insane. They had a country for the first time. The computer is suggesting it is highly doubtful that Ukraine will even survive post-2026. On top of that, we are headed into world war post-2024.

Blocking some Blog Posts


Armstrong Economics Blog/Censorship Re-Posted May 19, 2023 by Martin Armstrong

Despite the claim that the West is a free society and a democracy, they are engaging in the denial of free speech and censorship. Depending on your service provider and your country, they are starting to block emails updating when we have posted something to the blog. They appear to be reading the headline and determining if they do not want you to know about that subject. This all started with COVID. It has now expanded into politics and even war.

We are investigating a possible workaround, but it would most likely involve just a notice a blog was posted without a title.

Romania & Moldavia


Armstrong Economics Blog/Foreign Exchange Re-Posted May 19, 2023 by Martin Armstrong

QUESTION: Can you add Romania and Moldavia currencies to Socrates? I greatly appreciate your response to Gold.

HR

ANSWER: Yes, we will add them. I hope I translated your question correctly. If there are other currencies people want to add, drop a request.

The Queen of the Neocons


Armstrong Economics Blog/War Re-Posted May 19, 2023 by Martin Armstrong

The full leaked conversation between Assistant Secretary of State Victoria Nuland and Ambassador Geoffrey Pyatt can be found here. There is a reason I have called Victoria Nuland the “queen of the neocons” due to her insistence on warfare against Russia that has been at the forefront of her entire career. The plot behind Ukraine is far deeper than anyone is willing to talk about publically. The leaked phone calls between Nuland and Pyatt show that there was a plot to wage war long before Russia crossed into Ukraine. All they needed was an “atta’ boy” puppet to sign his stamp of approval, and Biden was already knee-deep in suspicious business dealings in Ukraine.

Victoria Nuland is of Ukrainian Jewish descent. Her family changed their name to try to hide their Jewish ethnic background. She really would be Nudelman, not Nuland. She is the daughter of Yale bioethics and medicine professor Sherwin B. Nuland, who changed his surname from Nudelman to Nuland. She retained her family name Nuland to perhaps further hide her Jewish connection by marrying Robert Kagan.

Her husband, Robert Kagan, authored the “Real Iraq Study Group” report for the American Enterprise Institute. This was the Neocon view of regime change. Kagan was said to have convinced President George W. Bush to order the “surge” plan, which changed the course of the Iraq War. It was Kagan who co-founded the neoconservative think tank in 1997, which was known as the Project for the New American Century (PNAC) with fellow Neocon William Kristol. Kagan strongly advocated starting a war with every nation that the US has even the slightest issue with such as Syria, Afghanistan, and Iran.

When Ukraine failed to quiet the masses who opposed their installed government in 2014, the US threatened Ukraine with sanctions. The EU did not want to be involved, leading Nuland to make the statement: “Fuck the EU.” She was hell-bent on carefully placing all the pawns in the correct order for the war we are witnessing nearly 10 years later. Everyone says that the EU has more to lose from “Russian aggression” than the US, but the US neocons were the first to instigate the situation.

Here is a video from seven years ago where Nuland testifies before Senate that the Russian oligarchs are attempting to infiltrate Ukraine:

She highlights “rights for the Donbas” knowing that the entire Minsk Agreement was a lie, as Angela Merkel later admitted upon leaving office. There would be no war if not for these bloodthirsty warmongers, who are now ready to harvest the bounty of war from the seeds they planted many years ago.

This topic is pervasive and too long for a blog post. So why is the globe entering the next world war? How did this all begin? The corruption is more profound than you could imagine. I explain all this and more in my new book, “The Plot to Seize Russia.” This is the second edition and goes into further depth than the book provided to World Economic Conference attendees. Paper and labor shortages have led to a delay from our publisher, but the book should be available soon. I will make an announcement once it is available for purchase at all major retailers.

(Images below provided by our publisher)