Understanding the Repo Crisis


COMMENT: Marty, thank you for a great conference. The comments out there on the liquidity crisis have been just domestically focused. Thank you for keeping my eyes focused on international events and your analysis about the crisis at Deutsche Bank

GH

REPLY: The raid on Deutsche Bank in Germany back in September over the money laundering probe of Danske Bank, which is the biggest lender in Denmark, contributed to the sudden collapse in confidence. The governments are desperate for money and they are hunting it on a global scale. Deutsche Bank served as a correspondent bank to Danske’s Estonia branch. That is where the latest money laundering is alleged to have occurred. The banker there in the Estonia branch of Danske, Aivar Rehe, was found dead by police there in Estonia. He had been previously questioned by prosecutors and was considered to be THE key witness in the money laundering probe. As always, just like Jeffrey Epstein, his death was declared to be a suicide. This is standard whenever they need to cover something up. Boris Berezovsky suddenly commits suicide being very remorseful for making billions I suppose. Anyone who could expose things others do not want always seems to commit suicide.

The crisis in liquidity is that American bankers will NOT lend to Europe. Because of the European Banking Crisis, banks just do not trust banks. Nobody knows who will be standing after a failure at Deutsche Bank. The Fed has had to step in to be the neutral lender NOT because of a crisis in the USA, but because of the collapse in confidence in Europe’s banking system as a whole. Stay alert – this is just getting started.

When Justice Isn’t


by Tabitha Korol

A letter written by a local elementary school teacher, I’ll call “Mrs. Krieg,” was brought to my attention by a mutual acquaintance.  In light of the notice that honor classes will be discontinued, she thoughtfully agreed that equity (defined as fairness and impartiality) in the schools should benefit all students.  Regrettably, she has been influenced by terminology that has been devalued and redefined to become a tool for social engineering among students.  Such revisionism has been applied to Equity, Diversity and Social Justice, and comes at the expense of freedom and true justice.

Honors classes were designed to challenge students academically.  The advanced work, faster pace, and higher course-credit weight have provided for smarter, happier, well-rounded children who had the opportunity to flourish according to their capabilities and not misbehave out of boredom.  But now, the authorities have determined it best to cancel the honor courses across the country because of a “lack of diversity” – that is, more Caucasian and Asian students were engaged than Blacks, Latinos and Native Americans.  Instead of also providing honors classes that meet the interests of the low-energy students – perhaps music, theater, artisanal handicrafts – the Department of Education has decided to close the achievement gap by lowering the bar and expectations and discontinuing all incentives.  Mrs. Krieg did not foresee that by eliminating the incentives and opportunities, the resulting “equity” would be mediocrity and the loss of exceptional achievement.

Now the Department of Education will generate equity in boredom, discontent, resentment, truancy and delinquency.  Academia is not unaware of these inevitabilities.  Their purpose is not an improved education but the decline of achievement and the elimination of the exceptional. Former President Obama expressed a similar derogatory outlook when he denounced high-achieving Americans with, “You didn’t build that.”

Diversity in the schools no longer describes a richness of ideas, course studies, or specialty careers, but defines and categorizes the students themselves, by race, religion, ethnicity, financial status, sexual orientation, and however else the students choose to differentiate themselves.  As with the term “equity,” the meaning of “diversity” has been corrupted, as it now implies division, divisiveness, and discord, the opposite of E Pluribus Unum – Out of many, One.  These differences have led to a totalitarian-style monitoring and bullying – called Speech Control, necessitating “Diversity Officers” with doctoral degrees, credentials in counseling and inclusion techniques, and six-figure salaries reflected in higher tuition costs.  The officers’ mere presence confirms the growing disharmony, isolation, discrimination, harassment, and violence that characterize the socialist strategy.  These points are significant:

  • Many schools have implemented a policy of discouraging the bonding between classmates, beginning with Kindergarten, alleging that “best friends” keep the students from mingling with This is false and destructive.  Best friends are a mutual support system, as they learn to agree, compromise, comfort, accommodate, and be reliable, traits needed throughout their adult lives.
  • Schools now place students at their computers for hours, removing eye contact and discussion opportunities with others, disallowing autonomy over time scheduling, reducing writing and penmanship with its inherent creativity. Presidential hopeful Kamala Harris said she would increase daily school time by three hours, thereby seriously reducing home and family activities, personal growth, and individual achievement.
  • Academia has introduced “intersectionality” to diminish the self and encourage victimhood by race, ethnicity, sexual orientation, gender, family class; the more the classifications, the higher their status.  Instead of a unitedness with school and pride of citizenship in their own country, they are now tribalistic, divisive, and intolerant.
  • Bigotry against Jewish students and staff (antisemitism) is on the rise and spreading.  History has shown that Jews are always the first, but never the only ones, to be attacked.  The hostility is growing to include whites (white supremacy), extending to our founding and history by the socialists and Sharia-compliant; and towards boys (toxic masculinity), diminishing their self-worth and ambitions, and damaging their  God-given purpose of contributing to our nation’s growth and defense.  Boys must become men: marry and support their families, be strong fathers and teach morality to the next generation.
  • The removal of God from the schools and population’s psyche has produced a plethora of new definitions that facilitate a ruling class, convince the public to tolerate lawlessness over sovereign borders, and to submit to the measured demands of sharia made by the Muslim Brotherhood and affiliates on campus and in the media.
  • The Common Core standards introduced new courses: intentionally convoluted math that prohibits parental participation; dystopian and uninspiring literature that offers limited creative vocabulary and replaces inspiration with fatalism; inaccurate and indoctrinating history lessons that misinform students about our growth and successes and secretes the truths about Islam; and social studies that support a political agenda.
  • With individuality stifled, the children are indoctrinated to think alike, falter alike, and expect equal return for widespread mediocrity.  This equity in communist countries has produced  stagnation in education, the economy and real income; slow improvement in everyday services and medical care; shortages of goods; rising criminality and corruption, along with an increase in alcoholism, particularly in Russia.  Socialism kills the spirit of personal endeavor.
  • The introduction of transgenderism is ruining the lives of many children, psychologically and physically, wrecking all opportunities for happiness in marriage and family, leading some to suicide.
  • The threat of climate change, perhaps the greatest hoax, is the extensive control over all life, which would bring a scarcity of energy, failing manufacturing firms and  retail operations, vilified consumerism, diminishing food supplies, curbed transportation for people and food distribution.  The environmentalists purposely falsify the data about climatic conditions in order to throttle human activity – which they hate – to produce their worshipped green planet.
  • In short, the goal of the left is to crush the human spirit.  Pride in accomplishment must be stifled, progress discouraged, and the dispirited population reminted into the globalists’ compliant working class.

Contrary to Mrs. Krieg’s understanding, the term “diversity” was invented to con the populace into accepting all incoming non-citizens.  Regardless of criminality, disease, or hatred for the American flag, they must be housed, fed, clothed, educated and medicated.  Multiculturalism is already the downfall of several European countries due to cultures that are too disparate for assimilation.  Muslims come to replace their hosts’ laws with their sharia and establish yet another oppressive totalitarian Islamic state.

Justice becomes injustice when the word needs a modifier.  “Social justice” means a revision of laws to accommodate a socialist agenda.  True justice is served only when the interests of Americans are considered, when Americans can, of their own volition and in their own time, partake of the promise of “life, liberty and the pursuit of happiness.”  The authoritarian government seeks total/totalitarian control over the masses to forcibly produce identical workers, taught and indoctrinated to comply with the needs of the regime.

The final outcome is not unknown to mankind.  We have seen countries fall to socialism, fascism, and Islam, and the vulnerable children are always the first to feel the effects of the increasing control.

Now is the time to act if we are to avoid Orwell’s dire warning: If you want a vision of the future, imagine a boot stamping on a human face – forever.

Tabitha Korol

https://tinyurl.com/y7e6z63d

 

Gold & the Future


QUESTION: Mr. Armstrong; First I want to thank you for your conference. It was my first time and I was impressed when your daughter asked how many people attended prior sessions. The number of people standing beyond 10 years was impressive. I spoke with one who had been at your 1987 WEC. He said you not only called the crash and the day of the low, but you said gold would rally only $25 and resume its decline. Now we have people still preaching how gold will rally because of the credit crisis they seem to lack the understanding of how it is unfolding. I just finished reading the Hoarding Dollars report. It is really outstanding.

Do you see these people preaching the end of the world so buy gold as just a broken record? I looked at the 1987 move. You were correct. Gold rallied begrudgingly and then resumed its decline. What will it take to make gold sustainable?

WK

ANSWER: The 1987 Crash was a FOREX crisis caused by the G5 trying to manipulate the dollar down. The rally in gold from 1985 to 1987 was simply because of the decline in the dollar. When the G5 tried to stop the decline in the dollar with the Louvre Accord in February 1987, the dollar continued to decline and that was the tipping point. The talk was that the central banks were impotent and could no longer control the economy. We are approaching that same moment in time, but it may flip back the other way. The collapse in confidence is concentrated in central banks OUTSIDE the United States. Eventually, that will migrate to the US and then we will see gold rally when people wake up and see that governments are lost.

Gold Standard & the Never-Ending Fantasy


QUESTION: Do you think it is remotely possible for any return to a gold standard? I believe these arguments are not realistic.

DR

ANSWER: The fringe fantasy of a return to the gold standard just never dies. If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible. But to back the currency by gold, even say 1%, the restraints upon government would be unbelievable. First and foremost, politicians could not run with all sorts of promises. Bernie and Warren would be outlawed. We are so far away from any possible fixed exchange rate it is laughable.

There is so much that would have to change politically and economically for any form of a fixed exchange rate system, no less one backed by gold or anything that would be limited. You simply have to comprehend that even attempts to fix the currencies have blown up like the pound in the ERM crisis and the Swiss-euro peg. There is just so much more to this than some fictional return to a gold standard. Bretton Woods collapsed because they fixed the dollar to gold. You cannot fix even gold and silver to an unchanging ratio.

Supreme Court Hears Oral Arguments on DACA Case Tomorrow…


Tomorrow the Supreme Court will hear oral arguments on the case: “DHS -vs- Regents of University of California“, also known as the DACA case: Deferred Action for Childhood Arrivals.  DACA was instituted by a President Obama ‘executive action’, not an ‘executive order’.

The Obama Office of Legal Counsel (OLC) did not fully support the constitutional framework around the effort to protect a sub-set of illegal aliens; and therefore the originating presidential action was not an official ‘executive order’, a technicality that could end up as part of the argument(s).  The same issue existed within DAPA (Deferred Action for Parents of Arrivals), and was ruled unconstitutional by a divided SCOTUS.

Amy Howe at SCOTUS Blog has a great encapsulation of the case and current status:

In 2012, the Obama administration established a program known as Deferred Action for Childhood Arrivals (DACA), which allows undocumented young adults who came to the United States as children to apply for protection from deportation.

Applicants who meet a variety of criteria – for example, who have graduated from high school or served in the military and do not have a serious criminal record – must pay a fee of nearly $500 in total, submit (among other things) their fingerprints and home address and undergo a background check.

In the past seven years, nearly 800,000 people have obtained protection from deportation under DACA, which permits them to work legally in this country and gives them access to other benefits like health insurance and driver’s licenses. In 2017, the Trump administration announced that it would end the DACA program; in November, the Supreme Court will hear oral argument in a challenge to that decision. (read more)

In September of 2017 President Trump released a statement outlining how the administration would work with congress on immigration legislation toward a final disposition for those who fall under the DACA construct.

Unfortunately, Pelosi and House Democrats ultimately rebuked an immigration reform package they viewed was too heavy on enforcement and too much of an impediment to their preferred open-border platform.  By January 2018 the negotiations collapsed.

While the oral arguments are tomorrow, it is unlikely there will be a SCOTUS ruling on the current DACA case until sometime later in 2020 (summer).  Which will likely put DACA at the center of the 2020 election.

President Trump has previously been open to affording immigration protection for those who fall under DACA as part of a package for structural immigration reform.   However, it is very likely Speaker Pelosi and the DNC will rebuke any legislative effort in their continued push to politicize the “dreamers”, and trick young voters into supporting democrat candidates.

Turning to the legality of the government’s decision to end DACA, the government explains that it had several different reasons to shut the program down, all of which were entirely reasonable. First, it reiterates, it believed that the program was illegal, so that keeping it in place would be “sanctioning an ongoing violation of federal immigration law by nearly 700,000 aliens.” And not only did the government believe that DACA violates federal law, but the 5th Circuit had in fact struck down the two related policies.

Particularly in light of the program’s “legally questionable” provenance and the announcement by Texas and other states that they would challenge DACA, the government believed that the best course was to go forward with an “orderly wind-down” on its own terms rather than taking its chances defending the program in court and risking the possibility that the program could be abruptly shut down.

It was also, the government observes, “entirely sensible” for it to determine that, even if it could have continued DACA, it would be better to do so “only with congressional approval and the political legitimacy and stability that such approval entails.” After all, even then-President Barack Obama, when announcing DACA, had indicated that the program was only intended as a “temporary stopgap measure.”

Instead, the government concluded, it opted to return to the pre-DACA system of reviewing requests for protection from deportation on a case-by-case basis. “One can agree or disagree with that judgment,” the government suggests, “but it is not remotely specious.” (more)

Larry Schweikart@LarrySchweikart

DACA lands before Supreme Court: Showdown over Trump bid to end ‘Dreamer’ program https://fxn.ws/34UpXHf 

Time for the Court to end this garbage.

DACA lands before Supreme Court: Showdown over Trump bid to end ‘Dreamer’ program

The long-running battle over the Trump administration’s bid to end the Obama-era program for young undocumented immigrants known as “Dreamers” will land before the Supreme Court on Tuesday.

foxnews.com

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FEDERAL RESERVE THANKSGIVING!


GRRRGRAPHICS ON  FACEBOOK INSTAGRAM PARLER   GAB TWITTER POLITICHATTER

The stock market melt-up continues. Oh sure, it may be going down today, but that would indicate another buying opportunity. Buy the dip! That has worked for the past 10 years. Recessions are a thing of the past. Unemployment is low. The economy is doing great! Buy stocks! BUY BUY BUY! The stock market will not go down through 2020. Trump has ordered the Fed to make it so. We should be glad our president has such influence, but it’s more complicated than that.

I support Trump, but he’s wrong about the stock market has an indicator of economic health. The stock market is in a ridiculous bubble. That’s what the Federal Reserve does—it creates bubbles. The valuations of stocks are way out of whack with what the companies earn.

Too many Americans can’t afford to buy such sky-high stocks anyway. Most Americans are in debt and living paycheck to paycheck. For the first time, the 1 percent now has more money than the entire middle class combined. Not by means of capitalism, but by fascism. They’ve rigged the game in their favor. They have hijacked our government to make sure they will get more. Always more. The middle class is in decline. Real wages are not rising, but they’re paying more in terms of taxes and the hidden tax known as inflation. The millennials can’t pay off their college debt, let alone buy a house and start a family. The corrupt, millionaire politicians made sure those with college debt can’t declare bankruptcy. Housing prices are prohibitively expensive. That means rent goes up, too. One third of the millennials are forced to move back in with their parents. Meanwhile, 84 percent of the stock market is owned by the wealthiest top 10 percent of Americans. The 1 percent owns 38 percent of the stock market.

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The ‘too big to fail’ banks have no worries. While most Americans fret about paying bills, the banks get free money from their Federal Reserve, which is there to bail them out to the tune of $150 billion per day if needed. Quantitative easing never ended. The Plunge Protection Team that is the Fed always ensures the market is propped up. It’s a perma-Thanksgiving feast for the central banks. These banker turkeys love to gobble up money. They are stuffed with money. A lot of that money goes into ‘their’ stock market. Martin Armstrong predicted the Dow will hit 40,000 in a few years. Why? Because all that free money has nowhere else to go, so they use it to make the stocks they already own go up even more. The banks aren’t going to give it to us, that’s for sure. We do get stuck with the bill, however. We pay for it via inflation and taxes and the national debt has now exceeded $24 trillion.

The Illuminati won’t spend that money on rebuilding infrastructure such as roads and bridges, but they will use it to buy up utilities and then make sure the electricity gets turned off to make their serfs suffer even more as they usher in their climate change-based ‘globalism.’

Conniving, evil men were allowed to inflict the vile Federal Reserve debt money system upon We The People. Congress unconstitutionally abandoned their mandate to handle our currency. They illegally turned over that power to international bankers. The Illuminati have always been about globalism and control and they’re achieving their goal by controlling our money supply. By this means they buy out everything—the mass media, the politicians, the courts—everything.

It’s time to wake up and END THE FED!

—Ben Garrison

DEPOPULATION AGENDA: Agenda 21 & Agenda 30


https://youtube.com/vrillex?sub_confi… Music: Long Note Two by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100176 Artist: http://incompetech.com/

 

 

The Solution


QUESTION:

Hi Marty:

Congratulations on a fantastic WEC 2019.

I have reviewed your Solution video. Could the government ease into such a solution in stages? For example, the government could place a moratorium on issuing debt and pay the year’s budget which included a reduction in principle on outstanding bond debt, and meeting current interest expense, by printing actual currency.

Dan

ANSWER: Yes. I believe we would have to do this in three stages. The point of the exercise is that markets trade on ANTICIPATION. Once it is realized that we are actually making a fundamental change, the markets will begin to move to reflect the long-term expectations.

Warren’s Wealth Tax


Warren’s Wealth Tax is so destructive to the economy and demonstrates that she listens to Thomas Piketty, the French communist pretend economist. She wants to impose a 6% tax on billionaires per year. That means if you lost 20%, you still have to pay 6% of your assets every year to the government to fund her Medicare for All. This is similar to death taxes or inheritance taxes which destroyed the small farmers. When the founder died, the government claimed the land was worth a pile of money and then demanded 20% to 40% in taxes. To pay the tax, they were forced to sell the land. This is also how small businesses are destroyed.

Nowhere in her proposal is there any reform of the system. The doctors do not work for the government as in the VA or in countries like Britain. You cannot keep allowing hospitals and drug companies to charge outrageous prices when there is no competition and this forces insurance costs dramatically higher not to mention the lawyers suing doctors. When my mother was in the hospital, they refused to release her and kept her in bed for weeks which weakened her. They would release her only to rehab. The previous time they sent her to rehab, the doctor changed all her medicine and nearly killed her 2 years before. When my sister looked in the eyes of the hospital administrator trying to sell rehab again, she asked her if this was your mother, would you do that? She did not verbally respond but shook her head no ever so slightly. It was her job to keep the money flowing. This is the corruption in hospitals – it’s all about the money. Warren simply wants to destroy the economy rather than address corruption in healthcare.

If I were president, I would convert all hospitals to a public institution like utilities. They would have to go under strict review and seek permission to raise the price of anything right down to toilet paper. There should be public hospitals created where private industry bids for a license since the government is incapable of managing anything as the VA Scandal demonstrated. They must be privately operated and foreign doctors who want citizenship should be granted that privilege in return for a work contract there at a reasonable rate for 5 to 10 years. ONLY when there is competition will prices ever come down.

I will state for the record right now – if Warren becomes president, our operation will leave the United States and I will have to seriously consider resigning my American citizenship. There would be no point in remaining in the United States for she would really lead to massive civil unrest and guarantee the decline and fall of the United States