Trying to Overthrow the Dollar


QUESTION: Marty, you said at the conference the efforts to overthrow the dollar as the reserve currency have failed and it will take the Monetary Crisis Cycle to accomplish that. Now that Lagarde is in the ECB, will she aid that overthrow to be replaced by the IMF’s SDR?

It was a fantastic conference this year.

FG

ANSWER: The US has abused the role of the dollar in world commerce by imposing sanctions on places like Iran. These sanctions are supported by enforcement using the dollar. The US has weaponized the dollar in this respect. About 90% of international debt is denominated in dollars. Foreign countries issue their debt in dollars to eliminate FOREX risk in order to sell it globally. Both Putin and Xi want to find an alternative to the dollar. It has been the role of the dollar that drives Putin to dethrone the dollar.

There is NO ALTERNATIVE to the dollar — PERIOD!!!!! The stupid Negative Interest Rates on the euro undermined the euro as a possible reserve currency. It has been dumped internationally, which nobody wants to talk about. In discussions with major central banks and key international banks, nobody wants the euro. Negative Interest Rateshave killed the euro as a viable currency for exchange purposes. The EU President Juncker has said that it is “absurd” that Europe has to pay for its energy imports in dollars. He has failed to understand that it is their own fault, for the structurally defective euro lacks a central national debt and forces everyone to look at each member state independently in the same manner that applies to state debt in the USA. That lack of a national debt where capital can park has been the fatal flaw behind the euro. Then add the stupidity of Negative Interest Rates and you get a currency that dressed up for Halloween, but is by no means a real reserve currency.

China has given up on trying to fight the dollar. They realize that all the yelling and screaming is pointless. The yuan accounts for only 4% of international transactions. The key for China is to use the yuan in loans to build its road of trade globally. Their greatest hope will be for the Monetary Crisis Cycle to undermine the dollar in the year ahead. That combined with the neo-cons trying to weaponize the dollar will be the ultimate means to dethrone the dollar

Manipulating the World Economy


COMMENT: I just finished “Manipulating the World Economy.” What a wonderful book and actually a gift to those of us who attended the October conference. I hope you will soon publish this book for all the public to read.

JL

REPLY: It is going off to the printers within the next week. We hope to have it ready for Christmas. I really did try to make it the most comprehensive book on the subject matter. I was asked to write it because there was nothing out there to combat the Modern Monetary Theory, and those such a Thomas Piketty who advocate seizing the wealth of anyone who has more than he does.

 

US Economy Soft – But Holding


COMMENT: I find it interesting how the rest of the world is declining and Socrates forecast that the US economy would be only slightly weak going into January 2020. It is interesting how it picks up the major differences. They are blind to the trend. You bring together the world. Thank you for that and there will always be idiots who cannot comprehend the trend and think Warren Buffet is a great investor when he was just a buy and hold no different than Trump. They both made money simply because of the inflationary asset trend since 1985.

Great forecast

KL

REPLY: The US economy was not poised for a major recession that everyone was forecasting because of the China trade dispute. It is softer, yes, but it is really holding up the entire world economy. The third quarter GDP was still up 0.8% whereas the prior quarter was up 1.1%. So yes, it was a slight decline. But we do not show a major economic decline in the USA.

As long as stocks have been in a bull market since 1985, then buy and hold works. But they lose in downtrends. Everyone forgets that. The year 2008 was the worse year Buffett had in 44 years. Most people cannot hold through such declines. This is why institutions have used us for decades. They cannot buy and sell like short-term investors. They need to know when to flip a major portfolio. Truly smart value investors hedge. That eliminates the risk of having to declare bankruptcy during the declines.

Norway – the Confusion in Trend


QUESTION: Dear Mr. Armstrong.
Does Socrates have an explanation of what is happening to the Norwegian Kroner? All the financial newspapers and banks here in Norway are scratching their heads and don’t have an explanation of why it’s devaluating against the Euro and Dollar. The central bank of Norway has an interest rate of 1.50%, while Euro has an interest rate of -0.5%.
BT

ANSWER: Norway’s currency has been declining recently over concerns with regard to the US-China trade dispute given the fact that it is highly exposed to the US-China trade situation. Additionally, the sharp decline in crude oil prices has also impacted the currency given the oil and gas industry accounts for more than 1/20th of Norway’s gross domestic product and about 2/3rds of its exports. Therefore, Norway’s economy has been highly correlated with oil prices.

Nevertheless, in Korona, the price of oil is rising given the decline in the currency (click on the image). The analysis never looks at everything from an international perspective. Your currency is retesting the 2000 high in the dollar.

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THE THREE MONKEYS


THE THREE MONKEYS

By Tabitha Korol

 

Even when one American – who has done nothing wrong – is forced by fear to shut his mind and close his mouth, then all Americans are in peril.  – Harry Truman

Some years ago, when I visited family in Buenos Aires, I was taken to a country club, one that no doubt had been quite fashionable in its heyday, an era of more than a half-century before.  What I saw now were the remnants of elegance, broken tile floors and grounds that were surrendering to the incursion of weeds, signs of a government that was not of, by, or for the people.

I was introduced to Beatriz, one of a group sitting poolside who spoke enough English to complement my conversance in Spanish.   Her interests included theater, but she soon came around to expressing her disdain for America because we had the temerity to build the tallest Twin Towers of the World Trade Center to flaunt our wealth and we were therefore deserving of the 9/11 destruction!  I explained that America was not in the real estate business, that businesses constructed buildings high enough to accommodate more companies on an island that could not expand into the surrounding ocean – and does envy render pardonable the death of thousands?  I’d already known about and noted that Dubai held the dubious honor of having the world’s tallest building and I have since learned that America’s first skyscraper was the Home Insurance Building in Chicago in 1886.  A formidable ten stories high!  What an impudent undertaking!

She also disparaged America because she reads so much about our country in their local papers, but so little of her own.  I clarified our freedom of the press, that our journalists were free to report about anything to be read anywhere, whereas Argentina’s despotic regime undoubtedly controlled what was reported or withheld from the public.  Our chat soon dwindled, and we turned to join other conversations.  I suppose Beatriz would now be gleeful to learn that our socialist news sources also withhold the news, and actually craft their reports to suit their biased perspective.

We were born with a power of thought and speech, the ability to ideate and communicate to others, our equals under God and superior to other life forms.  Yet there is a powerful faction, a self-anointed, arrogant cabal of leftists, socialists, globalists, the sharia-compliant, and the United Nations – that has placed itself beyond criticism, determined to destroy our humanity.  In true totalitarian fashion, they had long been indoctrinating our vulnerable youth in schools, while the media brainwash the population at large, special forces (CAIR) influence our clergy, and shadow opponents work against our duly elected president.

With God removed from the classroom during the Obama years, and more recently from the oaths in Congress, the new, highest “Authority” fills the void, and the weak in faith and undereducated succumb to the new rulers.  The Authority now has the facility to take God-given life, before and after birth, and use any means and myths to threaten destruction and visit misery upon the masses.

Indoctrination is used to manipulate, make fearful, insinuate doubt and distrust of centuries-old truths, Biblical concepts of morality and basic human rights, science and logic.  Our history is dismissed as inaccurate and evil, our Constitution proclaimed unessential.  In fact, without amending the Constitution, the Authority has profoundly impacted the First Amendment with its control over the press/media and our freedom of speech.  Words have been expunged from our vocabulary through intimidation or their definitions twisted, so that “diversity” has led to more polarization, justice to “social justice,” liberty denounced for equality, and the FBI manuals purged of crucial information to disguise the threat of the lethal ideology of Islam.  The children are immersed in Islamic rituals, prayers, and anti-Zionist ethnic studies, learn nothing about the dangers of totalitarianism, and the public is bullied into silence.

I am reminded of an old set of carvings from my childhood – The Three Monkeys that Speak no evil, See no evil, and Hear no evil.  The guidance (hear not, listen not, and speak not what is contrary to propriety) is believed to have originated in China, c. 2nd to 4th century BCE, to express Confucius’s Code of Conduct, to keep evil from their lives.  It was used in the Japanese folk religion Koshin, and combined with Chinese Taoism and the Shinto influence by the Tendai-Buddhist monks in the late 10th century, and even served as a good luck amulet by British soldiers during World War I.

Now, The Three Monkeys have taken a sinister turn.

What was originally meant to teach self-control in order to keep the masses from being defiled by evil may now be understood quite differently.  Today’s Authority is using those same concepts to “protect” our society from the truth and exact control over those with whom they differ – the  “untermenschen,” who may be defined as Hitler’s “inferiors” or Hillary’s “deplorables.”  The Authority has intentionally created an environment of imbalance and fear.  Where students and the general population are intimidated into obeying the new rules, those who are not convinced of their virtues are usually too afraid to speak up.  Society is policing itself.

Students have been indoctrinated through Common Core and its social justice agenda (including LGBTQ dogma); Instructional material is under the complete control of Bill Gates/Microsoft and vendors; students and teachers are held accountable through repeated tests; a national database, including personal information, is maintained on all students and educators; and the students are dumbed down so that they cannot read well or develop their logical/analytical higher-reading skills, leaving them open to low-level reading materials saturated with leftist indoctrination.  (For more on this fiendish totalitarian ideology, please read Donna Garner.)

Our youth have been taught to hate all that America stands for, obsessing over increased bigotry and worsening racial divide, and terrified by unproven climate change.  Transformed into social warriors, the children work against their own rights granted by their Creator and reaffirmed in the Constitution of the United States.  Instead of increasing their knowledge base while also enjoying college life and campus camaraderie, there is increasing tribalism, enmity and distrust.  They are putting their faith in the frightening myths, a perfect method of distraction while the Authority continues to consume more control.

An egregious, unforgiveable assault on the youth is the psychological damage done by forcing them into sexual dysphoria, a psychological disorder treated as an endocrinological condition.  The prescribed drug used in the hormonal treatments has resulted in adverse reactions in 40,764 children and more than 6,000 deaths over 15 years, and an increased suicide rate. Boys are now being taught that their bodies can function as women’s bodies, leading to unimaginable psychological damage and the destruction of our male population, the strength of our workforce, our military, and fatherhood.

As they reach the age that in the past meant marrying and having a family, the young men are now severely maligned (called privileged, white male supremacists, etc.) and shamed, with some, as a consequence, joining groups of masked, militant fascists who cause damage to their own cities.  Young women are discouraged from marrying and having children and incited to undergo abortions.

Adults are now leaving conversations and auditoriums, seemingly afraid to hear an idea that conflicts with their preconceived mindsets; this is ideophobia.  The Authority has put into place every measure of control, a pernicious form of solitary confinement or full burqa.

This war has turned Americans against themselves.  Those who will not see, hear, or engage in political conversation are our neighbors, our friends, our family.  They will not discuss what is happening to our country, the destructive cost of the policies, the Islamic conquest in Africa and Europe, the increased antisemitism, the disappearance and capture of thousands of Christian girls in the UK for sexual slavery, the stabbings of innocents on the streets worldwide.  To avoid evil is to avoid helping the  already victimized, embolden the enemy, and increase our own vulnerability. The self-righteous are too eager to suggest that we are incapable of self-sustainment, but we must all be worthy of determining what is best for ourselves.

We who can still think and communicate are the great threat to the Authority.  If we join others who see no evil, hear no evil, and speak no evil, we will also not see, hear, and speak for good and what is best for us.  In that case, we will do nothing, and the Authority will reign supreme.

“America will never be destroyed from outside.  If we falter and lose our freedoms, it will be because we destroyed ourselves.  – Abraham Lincoln

 

Tabitha Korol

https://tinyurl.com/y7e6z63d