The Bankers Who Are De-Banking Those They Just Disagree With


Armstrong Economics Blog/Politics Re-Posted Jul 28, 2023 by Martin Armstrong

I want to stress that I have been getting emails that the same trend is emerging in the United States. Some banks have embraced WOKE, and with it, they are engaging in DISCRIMINATION. This equality only works when you agree with them. If you disagree, you are to be cast out of society, de-banked, and unable to even survive, pay a mortgage, or food.

Chase had debanked Dr. Mercola. I too was debanked by Chase after sending bonuses to our overseas employees. They did not ask for any explanation – they just closed the account. This is becoming common these days.

The Man Who Will Destroy America


Armstrong Economics Blog/Rule of Law Re- Posted Jul 27, 2023 by Martin Armstrong

Trump Superseding Indictment

This is the man who will tear the United States apart at the seams – Special Counsel Jack Smith who has filed a superseding indictment against Donald J. Trump (see above). This is not a big deal. It is simply more charges on the same theories to interfere with the 2024 election. Smith is actually violating the civil rights of everyone in the country by trying to prevent Trump from running for office.

No person, whether acting under color of law or otherwise, shall intimidate, threaten, coerce, or attempt to intimidate, threaten, or coerce any other person for the purpose of interfering with the right of such other person to vote or to vote as he may choose, or of causing such other person to vote for, or not to …

Even this aside, the real purpose of this superseding indictment is not more charges. That is just to make the headlines and hide the real purpose.  He has indicted a new defendant: Mar-a-Lago property manager Carlos De Oliveira. They cannot win a case without a co-defendant. They need someone to take the stand and perjure themselves as the prosecutor, then will rehearse them on what to say in return for no time. This is how they win CONSPIRACY cases. They desperately need a co-defendant. They threaten them with 20 years to life unless they testify for the government. They need that to prove “intent,” for otherwise, they can just infer from something. The co-defendant will get on the stand and say Trump told him x, y, z, and the jury would have to find him guilty.

For virtually every crime in this country, you are charged with CONSPIRACY, and then they threaten someone to testify against you. This is the law of tyrants. They always go for the conspiracy charge if they cannot prove a direct crime.

By doing this to Trump while ignoring everything done by Biden and his son, it is a slap in the face to all Americans, proving that there is no rule of law. It is as Thrasymacus warned Socrates who they sentenced to death – there is no justice – it is always the self-interest of those in power. Nothing has ever changed in 6,000 years.

Mr. Speaker!…


Posted originally on the CTH on July 27, 2023 | Sundance 

I tap my glass loudly with a spoon from the back of the room….

The House Oversight and Government Affairs Committee has a team of lawyers and staff.

Evidence in public shows the sitting president of the United States took payments from foreign business interests in a scheme to use the power of the U.S. government to influence foreign government policy and protect/enhance the business interests of the people who paid him.

To wit…. The Republicans in the House of Representatives have thousands of Joe and Hunter Biden bank records, hundreds of trace records for wire transfer statements and payments, hundreds of reported U.S. Treasury suspicious activity reports, thousands of emails and subpoenaed text messages, audio and video recordings, thousands of photographs, access to the laptop of Hunter Biden and all the content therein, documented witnesses to the activity, testimony under oath corroborating how the Bidens collected tens of millions from foreign nations as unregistered foreign agents which was subsequently laundered through 20 shell companies.

The House committee also has FBI witness reports (FD-1023) from verified and reliable Confidential Human Sources who documented the intent and purpose of the transactions, along with US government attorneys in Philadelphia who investigated and confirmed the substance of the confidential human source allegations therein. Additionally, the Republicans in Congress have sworn affidavits and testimony from two IRS whistleblowers who testified the US attorney in Delaware was working with the U.S. Dept of Justice in Washington DC to bury the results of the investigation.

Lastly, and most recently, the Republicans have a transparently corrupt federal plea agreement rejected as presented by U.S. District Court Judge Maryellen Noreika, because the intent of the construct was to protect the son of the President of the United States from legal exposure within the business that provided the material wealth for himself and the family of the President, providing immunity for their Foreign Agent Registration Act violations…

….And the Republican Speaker of the House is letting the Republican controlled Congress go on vacation for the next two months.

All of this,…. ALL OF THIS…. while the former Republican president and current 2024 election front-runner is being railroaded by the same Dept of Justice the Speaker refuses to confront.

Powell Understands the Inflation was Created by COVID


Armstrong Economics Blog/Inflation Re-Posted Jul 26, 2023 by Martin Armstrong

Attorneys For President Trump Meet with Special Counsel Inquisitors


Posted originally on the CTH on July 27, 2023 | Sundance 

Boiling down the core of what media were focused on today, essentially it looks like this:

(VIA ABC) Trump attorneys John Lauro and Todd Blanche met with Smith’s team following the receipt of a target letter alerting Trump he is a target of the special counsel’s investigation into efforts to overturn the 2020 election. Trump’s lawyers were there to make the case for why they believed Trump shouldn’t be indicted. Smith was present for the meeting, sources said. The meeting ended after an hour; sources told ABC News.

President Trump via Truth Social:

The pattern of what appears to be distraction from the DOJ, organized by DAG Lisa Monaco, continues.

Any time there is very bad information in the media cycle, related to the ongoing sunlight upon Joe Biden and his crime family syndicate, the Joe Biden DOJ rolls out an indictment against Donald Trump.

At this point the transparency is so obvious, even Democrats admit it.

Why Would NBC Be Stalking Members of Special Counsel Jack Smith’s Grand Jury?


Posted originally on the CTH on July 27, 2023 | Sundance 

Just a small detail, apparently of no consequence for those who seemingly overlook such things; however, NBC is admitting to not only knowing the identity of the DC grand jury, but actually following them around and noting their activity. [SOURCE LINK]

Nothing like a little spotlight pressure to keep all the DC participants on the right path.  Nudge-Nudge, Wink-Wink, Say-no-More.

Worth noting Valerie Jarrett’s daughter, Laura Jarrett, is a member of the NBC surveillance team [link here], reporting her findings to NBC headquarters.

Lest we forget, it was NBC who ended up getting caught for tracking and conducting surveillance on jury members in the Kyle Rittenhouse case [link here], eventually leading to the judge needing to ban them from the courthouse.  Just saying.

[Source Link]

I doubt the DC grand jury pool needs guidance from the media on what the community expectations are.  👀

Hageman -vs- Majorkas


Posted originally on the CTH on July 26, 2023 | Sundance

When the people of Wyoming removed Liz Cheney and replaced her with Harriet Hageman, it was perhaps one of the best reflections of a damaged, yet standing, constitutional republic.  To say Harriet Hageman represents an upgrade to our congressional representation would be a profound understatement.

This is a lady I would campaign for, volunteer for and fight like hell to keep in office.

During her remarks today Representative Harriet Hageman dropped all pretenses and eloquently called DHS Secretary Mayorkas what he is, “a tyrant.”  Representative Hageman’s perspective on the value, importance and critical protections for the constitutional freedom of speech was eloquently argued, directly to the face of the DHS organization that seeks to define, restrict, censor and control speech.  This is really good.  WATCH:

.

…”There is no such thing as “disinformation” or “misinformation”.  There is only information you accept and information you do not accept.  You were not born with a requirement to believe everything you are told; rather, you were born with a God given brain that allows you to process the information you receive and make independent decisions.” ~ Sundance

The CDBD Crisis of 2025


Armstrong Economics Blog/Cryptocurrency Re-Posted Jul 26, 2023 by Martin Armstrong

QUESTION:

1. Due to the draconian rules the US digital currency shall operate under, would you consider the coming US digital currency to be the worst form of currency—worst store of value—worst asset to hold, and if so would it be better to get entirely out of cash before the US Dollar is canceled and the digital currency introduced?
2. When the US Dollar is canceled, will the entire value of all bank and brokerage accounts be automatically converted by banks and brokerage firms to the new digital currency?
3. Do you think there will be draconian rules, such as digital ID’s, instituted to be able to access the internet in 2025 to be able to access and cash out of bank and brokerage accounts?
4. What use will it be to invest in anything post 2024 if money in brokerage and bank accounts automatically becomes digital currency subject to draconian rules with draconian rules to access or take possession of the funds in one’s bank or brokerage account?
5. In the interview you did on May 20th you mentioned “they” are talking about bank bail-in’s. Aside from bank accounts, could bail-in’s be done from people’s brokerage accounts?
6. If one does not “opt in” to the new digital currency and if every legal financial transaction from the point the US introduces the digital currency must be made via the new digital currency, how will one be able to pay their taxes and property tax and will such a person lose their house and their assets be confiscated for not paying their taxes and property tax if they choose not to take part in the digital currency, digital ID and digital health pass?
7. Do you think inheritance will come under rules so draconian that sane children would prefer to forgo their inheritance rather than opt into anything that could harm their health and limit their freedom? Or do you think “they” will just abolish inheritance altogether?
Would you recommend putting all assets and accounts in one’s children’s names now, to avoid this possible scenario as far as it can be avoided?
8. During World War 3, if the US gets nuked or if at any time in the future there is an EMP attack or a severe cyber-attack and the grid goes down for an extended period of time, what shall become of bank and brokerage accounts?
Thank You Sir

D.I.

ANSWER: Undoubtedly, this entire scheme of digital currencies will be the death of Western Civilization. The Founding Fathers prohibited Direct Taxation which was repealed during the Marxist movement toward creating the Income Tax. Once the income tax was imposed, the government then needed to know everything you did. That is why the Founding Fathers prohibited any form of direct taxation. Now even a journalist, if he fails to comply with the demands of the government, is targeted by the IRS. This allows them to go after anyone unless you are the son of a senile president who does as he is told. So yes, this will be the WORST currency in human history and it will be the final nail in the coffin of freedom.

They will most likely cancel all currencies AFTER the US 2024 election. It will need to be coordinated to prevent capital flight. Whatever is in bank accounts or brokerage accounts will be re-denominated in the new digital currency. The IMF is pushing hard to replace the dollar with its version. The likelihood of the collapse of the IMF and world institutions will probably arrive in 2031.

Big Tech will comply. They are already stripping us of our freedom of speech. This will become IMPERATIVE to oppress all freedom in hopes that they can establish this new totalitarian state which is the dream of Klaus Schwab and his band of merry thieves at the World Economic Forum. So the Internet will be highly monitored and restricted.

The point of investments post-2024 will be to hold on to tangible assets. They will make the transition from one currency to the next.

Glenn

As far as bail-in’s being applied to people’s brokerage accounts the answer is yes. That was already done by Judge Martin Glenn who presided over M.F. Global bankruptcy and created the first BAIL-IN without Congressional Authority. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers and protect Corzine from losses by taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus. He simply allowed the confiscation of client funds when in fact, the rule of law should have been that the bankers were responsible and M.F. Global’s losses, and it should have been reversed. Never should the client’s funds be taken for M.F. Global’s losses to the NY Bankers.

You will have NO “opt out” avenue. Taxes and commerce will all be digital. This is why they are pushing 5G in order to create instant transfers to enable them to replace cash transactions.

Regarding inheritance, the LEFT is also ready to push behind the curtain that upon death, everything should belong to the state. I fear this will only unleash civil war. Nevertheless, there is the crazy leftist in Australia proposing just that. It is unfair for one person to have wealth and another nothing. Concerning putting all assets and accounts in one’s children’s names now, avoiding this possible scenario as far as it can be avoided carries tremendous risk. It all depends on your country. When I bought a house 30 years ago, I simply added my children’s names. Today, you can’t do that, for it becomes taxable to them.

While we cannot rule out tactical nuclear weapons, the risk of an EMP attack will be devastating. That will wipe out the economy and take down the internet. The prospect of whatever you have in an account could simply vanish. That is one primary reason I am against the whole crypto-CBDC agenda, for in times of war, an EMP could devastate an adversary. I think this simply warns you should have some old silver coins pre-1965.

The House Oversight Committee and Biden Investigation


Posted originally on July 25, 2023 | Sundance 

CTH has never pretended or played the game of pretending, but several people have discussed the House Oversight and Government Reform Committee against the backdrop of the Joe and Hunter Biden investigation.  Thus, some general reminders about inside DC politics are perhaps valuable.

The House Oversight and Government Reform Committee, hereafter called the House Oversight Committee or HOC, has a very specific function in DC that too few understand.  Once again, let us be clear while trying to explain decades of false information founded upon arcane legislative outlooks.

This article is specific only to the House Oversight Committee.

Within Washington DC, the HOC has a very specific and unique function.  What Fox News is to corporate conservative punditry, so too is the HOC to the same DC system of pretending.  The House Oversight Committee is the “Chaff and Countermeasures” committee.  The HOC operates for both parties with the same mission.

In recent years, the appearances by various DC politicians on the Sean Hannity show should serve as a key indicator for the Chaff and Countermeasures operation.   If the politician is on the Hannity ‘tick-tock’ show, you are watching countermeasures.  We are not yet at the point where this is widely understood, it will be for the next generation to look back and expose it.

♦ HOC – The House Oversight Committee was/is created by the House legislative leadership to make money for the party in control of the Chair.  When the House Speaker is notified of a DC corruption issue, inside his/her office they will often be heard saying, “give it to oversight.”  The intent of that instruction is to give the issue to the HOC, so they can hold hearings, create soundbites and fundraise from the issue.

Making money for the party in control of the Chair is the primary function of the House Oversight Committee.  The HOC does not exist to create accountability or oversight; the HOC exists to exploit the issue for fundraising and satiate the base voters of the party in control of the Chair.  The HOC presents the illusion of accountability by constructing soundbites and member performances which are then broadcast on television for appearances to the voting audience.  It is essentially theater.

The HOC is a “general oversight’ committee, not a committee of “specific jurisdiction.”  Thus, the HOC is the vehicle where Democrats and Republicans publicly display their political initiatives, frame their narratives and then broadcast them on MSNBC, CNN (Democrats) or FOX NEWS (Republicans).

Depending on the issues at hand, the HOC committee members are generally those performance actors best known to the audience of both parties.  This is not accidental; this is by design.  Again, for emphasis, I am only talking about the HOC, a “generalized oversight” committee. Only this specific committee has this specific mission.

A hot button topic enters the committee ecosphere. Specifically trained staffers and performance artists, uniquely qualified to put on theatrical productions (both parties), are then deployed to assist the representatives in creating the soundbites that hopefully will go viral and assist them with fundraising and opportunities to say, “here’s what we are doing.”   Outlining this construct is not an exhibition in cynicism; this is the reality of what the HOC is designed and created to do.

When you see the HOC performing at their best, you will see lots of soundbites created.

The Chair of the HOC is always part of the House Speaker’s close inner circle.  From that association you will discover by training, by habit and by consequence, the HOC framework is developed to sustain the process itself as an end result.

The questioning is the sum total of all accountabilities.  The performance is the interview; the conversation is the point; the smoke is the fire.

Oversight, in the HOC framework of narrative creation, has evolved into reveling in the endless process (a fundraising proposition) and, as a consequence, it completely ignores the end point, misses the bottom line, doesn’t actually SEE the subject matter, and never actually applies accountability toward what might be discovered.  This is why you end up with high blood pressure, frustrated with the questions not asked, and throwing bricks at the screen or monitors when viewing.

The point of HOC hearings is to create what are now described as “viral moments” that can be used to generate money.   The second, and lesser objective, is to give the illusion of accountability while not actually ever holding anyone or anything accountable.  See prior HOC reference points like Fast and Furious, IRS targeting, Benghazi, the Twitter Files of the most recent Hunter and Joe Biden bribery schemes.

If you watch the HOC Twitter hearing through the prism of expecting some form of accountability for the pay-to-play corruption, you will be frustrated and disappointed.  However, if you watch the HOC hearings through the prism of how well the panelists will do at raising money from their performances, then you can evaluate the effectiveness – the proverbial winning and losing.

The HOC is designed by House leadership to perform the same basic function for both Democrats and Republicans.  The HOC committee assignments are selected based on the theatrical skills of each representative.

This is not to say the motives of the members are sullied or impure, it is simply to point out the motive of the committee itself is to generate fundraising from the skillsets of the members on the committee.

Once you fully grasp what the intent of the House Oversight Committee is about, and once you drop the expectation that any accountability in oversight is the intent, then you can watch the performances through the entertainment prism of partisan politics and genuinely enjoy them.  There are, after all, some exceptional soundbites and moments created by the hearings themselves.

The HOC is called the “Chaff and Countermeasures” Committee, because that’s essentially what the committee does.  The committee gives the appearance of targeting, steers the target to a controlled destination, and then distracts the audience from the outcome of accountability.

If sunlight is achieved, meaning the Mainstream Media cannot ignore the issue as presented and questioned, and if the general public become more familiar with the controversial subject matter or topic at hand, and if the party of the Chair can fundraise from the issue, then the committee has succeeded.  However, if you are looking for something to change as an outcome of any HOC hearing, you will be disappointed.

All of the insiders in Washington DC know this to be true; but, when discussing the HOC specifically, the insiders cannot violate the DC code of omerta and make this reality a part of the public consciousness.  To make this operational mission widely understood is to diminish the financial value of it.

The CBDCs Are Coming


Armstrong Economics Blog/Cryptocurrency

Posted Jul 23, 2023 by Martin Armstrong

COMMENT #1: Hi Marty
I forgot to mention the ATMS nearby where I live right now.. I use a Credit Union and their withdrawal limit at the ATM at the branch no less has always been $400 these past couple of years. So I would go to the Wells Fargo ATM nearby down the road where I could withdraw $1000 in cash. The machine would ask you if you wanted a mix of 50s and 20s or all 20s.
Well, this past week I went to the WF ATM where I have not gone for quite some time, many months. To my surprise, the withdrawal limit has been reduced from $1000 to $600.
So there you go they are slowly turning the screws to try to cage us all in.
Best
Alice

REPLY: I opened an account at one of the top 5 just for convenience since it was down the street from me. Since COVID, I noticed they closed that branch and many others.  If you move to CBDCs, then banks no longer need branches for you can deposit a check on your phone, and they want to eliminate safe deposit boxes because they think people hide cash there.