Posted originally on Aug 1, 2024 By Martin Armstrong |
Russia has announced that it will implement a digital ruble by next July. Moscow will begin using cryptocurrency for some foreign transactions to bypass sanctions and SWIFT. As of November 2024, Russia will permit crypto mining, so long as it is carried out under the watchful eye of the government.
The Bank of Russia will oversee crypto mining and overriding capabilities. The Russian government, alongside the central bank, will select mining pool participants and protocols. Gone are the days when anyone could seemingly anonymously mine crypto, as Russia is one of many nations that will begin to require complete government oversight.
Beginning on September 1, Moscow will attempt to use crypto for foreign settlements while creating a new electronic platform through the National Payment System (NPS) within the EPR framework. The central bank is already stating that it must monitor activities to “identify risks” relating to national security and terrorism. This is precisely why other nations will also begin closely examining crypto transactions to ensure that the government has the upper hand.
As for the digital ruble, all operations will go through the Russian central bank. All of the CBDC will be stored through the central bank, which they ensure is for citizens’ safety. Each digital ruble will carry a unique code, similar to a banknote, and people may transfer rubles from one digital wallet to another – all under the watchful eye of government. The decree for the digital ruble was signed into law last August, but authorities believe the average person will begin using it by 2025.
Bank of Russia head, Elvira Nabiullina, claims the digital ruble will be optional. “If they want – they’ll use it, if they don’t – they won’t. No one is forcing anybody to use the digital ruble,” Nabiullina said. Yet, what happens when the seller or buyer is only accepting digital rubles? There is some vague language about digital rubles having codes for specific usage to deter crime. Governments want control and there is no better way to control the people than usurping the money supply and what can be considered “money.”
Removing Russia from SWIFT prompted these actions. “Over 30 regulators are currently working on national digital currencies,” Olga Skorobogatova, the first deputy chairwoman of the Bank of Russia, reported. “I think that this speed, with which the regulators have delved into this field, speaks volumes about the fact that, in 5-7 years, several countries surely will step forward with their own national digital currencies. Then, we can discuss the questions of direct integration. In that case, we no longer need SWIFT, since these are different technological interactions.”
The move to CBDC was an inevitable next step. The International Monetary Fund developed a coin long ago and other nations have been working alongside their central banks for years. It will be easy for Moscow to force its citizens and businesses to make the switch as they’ve already been removed from SWIFT and have had their foreign assets frozen for simply residing in the wrong nation. There is a reasonable fear that their money is not safe.
The year 2025, one year away, will bring about the rise of countless CBDC. The ultimate goal is to create one centralized currency. We saw that it epically failed in Europe as those nations are now under the control of the One World European government, the unelected officials in Brussels who silence their own member states from dissenting. Yet to begin, nations will begin pushing for the use of digital currency before outright canceling “hard money” under the premise that they are protecting their citizens. In all actuality, the elite believes all the money in circulation belongs to them, and the only way to guarantee maximum taxation is to transition the people to a controllable, non-tangible monetary system.
Posted orriginally on Aug 1, 2024 By Martin Armstrong
Serving debt is the largest cost of Washington’s debt crisis; America currently spends $2.4 billion in daily interest fees alone. The debt and spending simply cannot keep up with what America is bringing in. The federal govt spent $658 billion on interest fees in 2023, a 38% jump from the $476 billion in servicing debt in 2022. That’s 2.4% of the entire national GDP spent on interest expenditures alone.
The Congressional Budget Office believes the US defense expenditures will reach $870 billion this year to put into perspective how wasteful these interest payments have become. The CBO also believes interest costs will spike to $892 billion by year-end, rising to $12.9 trillion by 2034. The previous high came in during 1996 at $468 billion.
The Peter G. Peterson Foundation broke the projected cost post 2032 to be $38,600 per American citizen. Not only is the US unable to pay this debt but those in government continue to spend TRILLIONS of dollars on programs that have not benefitted the people. This is one of the reasons that the US government is looking at a complete overhaul by the time we reach 2032 for it can not leave it for the next generation without consequences.
Posted originally on Aug 1, 2024 By Martin Armstrong
There has been so much disinformation and sensationalizing of Quantitative Easing that this has led to academic economists who lack any trading experience to propose Modern Monetary Theory for its seems nobody actually comprehends what the hell is really going on. Much of the problem stems from this ancient theory that if you increase the quantity of money, then inflation will follow. This all predates massive government debt.
Much of this Quantity Theory of Money has its origins in Sir Thomas Gresham (1518-1579), who represented the English Crown on the Amsterdam exchange. People would not lend money to England because Henry VIII was debasing the currency to be able to repay his loans. He confiscated the Catholic Church and started the Church of England all because he was broke and confiscated wealth from the Catholic Church in England. Gresham became an adviser to Henry VIII’s successor – Elizabeth I. Thus, Gresham’s Law became bad money drives out good money, or the undebased currency.
These theories, which even gave rise to Austrian Economics, were all pre-collateralized debt of governments. There was no such market for posting sovereign debt as collateral to borrow or trade in markets. The economic models all changed, but academics have never understood traders. Lacking that experience, you will never see the actual trends.
Where Gresham observes from trading that debasing the money caused higher quality money to be hoarded when the foreign exchange value between currencies was ENTIRELY based upon the metal content, John Law (1671-1729) was also a trader on the same floor of the Amsterdam Bourse. He observed what has become the theory of Supply and Demand. It took two traders to witness how the market moved to develop these ideas. Both men were self-taught since the field of Economics did not begin until 1902. Not even John Maynard Keynes nor Adam Smith held decrees in economics.
The other self-taught economist who was also a trader was none other than David Ricardo. At the tender age of just fourteen, David entered his father’s business, but in 1793, he set up his own operation and made a fortune as a trader on the London Stock Exchange. Ricardo’s most important work was Principles of Political Economy and Taxation (1817). This book deals with all the controversial questions of political economy at the time: value theory, economic growth, rent, etc.
His other works include The High Price of Bullion (1810), which was the origin of understanding deflation; David’s Essay on the Influence of a Low Price of Corn on the Profits of Stock (1815); Proposals for an Economical and Secure Currency (1816); and the Plan for a National Bank (1824).
Ricardo is most famous for his ‘Theory of Comparative Advantage’ and ‘Rent’, which effectively argued that, for example, Saudi Arabia could grow lettuce in a desert with tones of water that might cost $10 to grow when it can buy it for 50 cents elsewhere. Thus, a nation should exploit what it possesses with a Comparative Advantage rather than squander its resources and restrict free trade.
Quantitative Easing (QE) does not increase the Supply of Money—it is only a maturity swap. Today’s total money supply includes debt, unlike during the pre-19th century. This has erroneously given rise to Modern Monetary Theory, for they pointed to QE and said there was no inflation, so we could just print without repercussions. It was merely a swap of maturities when you finally realize that debt is now money that pays interest as paper money began during the Civil War.
When paper money stopped paying interest, the term “Greenback” emerged, meaning there was no interest payment schedule on the reverse, just green ink. Paper money began as essentially debt or bonds that circulated as cash.
If your Definition of Money is Wrong – So is Everything Else that Follows
Posted originally on Jul 31, 2024 By Martin Armstrong
The Fraser Institute conducted a study that found Canadians are experiencing the worst standard of living in the past 40 years. Conditions are beneath what was experienced during the 89 recession, the Great Recession, and even the early stages of the post-pandemic. What is going on in Canada?
Justin Trudeau uprooted Canada’s fiscal landscape and his policies have only further sunk Canada into a decline. I reported that household debt in Canada exceeds 100% of GDP. Government spending toppled $1 trillion in 2020 in response to the pandemic, decreasing only 7.8% to $969.5 billion the following year. Government spending toppled C$520.17 billion during Q1 of 2024 alone. Justin Trudeau is aiming to turn Canada into a “BUILD BACK BETTER” nation that operates not like a true capitalist society but like the unelected government-driven economy we see in the European Union.
Canada’s immigration policy has become a free-for-all, with its population reaching an all-time high this year after surpassing 41 million. Nearly all population growth (99.3%; 240,955 people) was solely attributed to migrants arriving in Canada. The taxpayers are expected to subsidize the lives of migrants and turn a blind eye to the drastic uptick in crime. Canada was once a safe nation with a high-trust society. Crime has risen by over 40% and the entire landscape of Canadian society is changing. These people are often living in squalor and there are not enough housing units or jobs for all migrants, let alone all Canadians.
Similar to the US, Justin Trudeau is boosting job postings by ramping up hiring in the public sector, which has grown by over 17% since 2019. For comparison, the private sector only grew by 4% during that same timeframe. The public sector simply does not add to the economy in any meaningful way. These tax-funded agencies simply multiply and deduct from overall GDP.
Similar to other Build Back Better nations, Canada has lost its edge in trade. The countless green initiatives have crippled entire sectors, and rising taxes have made it a less desirable place to conduct business. Canada experienced a 51.2% reduction in mining, oil, gas, and quarrying from 2014 to 2022, as one example. Business investments have decreased by a third under Trudeau, yet he continues to spend.
‘“Building back better” represents a shared vision for a sustainable and inclusive economic recovery that strengthens the middle class, creates more opportunities for hard working people to join it, and ensures people have good jobs and careers on both sides of the border. Our leaders also recognized the opportunity for clean growth driven by workers, communities, businesses, and innovation.”
These government leaders are utter failures who are incapable of implementing meaningful policies. They destroyed the world economy under COVID and then sought to BUILD BACK BETTER. Instead, they’ve driven away smart money and business, fostered an environment for rising crime, and decreased everyone’s quality of life with inflationary policies. It is time for the voters to wake up and realize that the people they put into office are directly responsible for their deteriorating economic situations.
The attached report on Global Weather for June 2024 Data has charts showing the relationship we tween CO2 growth and Temperature increases going up since we started to accurately measure CO2 in the atmosphere in 1958. These Charts were created by showing CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about ~34.0% from 1958 to June 2024. That is a very large change as anyone would have to agree.
Now how about temperature, well when we look at the percentage change in temperature also from 1958, using Kelvin (which does measure the actual change in heat), we find that the changes in global temperature (heat) is about ~.3% and may reach .5% by 2028. To even be able to see this minuscule change we had to reduce the scale of the CO2 axis by a factor of ten.
This Chart 8 uses unaltered values from NOAA and NASA properly displayed ,and the Blue and Yellow projections are created by Microsoft Excel not me.
The NOAA and NASA numbers tell us the story of the Changes in the planets Atmosphere As Carbon Dioxide goes up geometrically.
COMMENT: It’s akin to a multi-billion marketing campaign
I have family in
UK, Sydney, and Galway, Ireland
All are getting “diversity” pushed. It’s like a weapon now to prevent unity, common heritage against govt
I made these for friends. The end game of diversity?
There will be OLYMPIC teams in 30 years!
RL
REPLY: The real purpose of this Diversity Equality Inclusion global marketing plan has NOTHING to do with caring about people. I think the racist label has greatly died down, for in our own company, we have every religion and race working together. Even this LGBQT movement disrespects everyone else and demands we change our pronouns, and it is offensive to them if we call our mother – “mother.” This excessive abuse creates discrimination when one group demands everyone else must change their actions that have no direct physical impact on them.
What made the United States the great melting pot and the largest economy in the world was DISCRIMINATION. It was fair, for whoever was the last off the boat was discriminated against until they learned English to get a job. There were violent incidences, like when the Irish came in during the Hard Times of the 1840s, that resurrected the old hatred of Catholics in Philadelphia by the English Protestants. However, the second generation all intermarried once they spoke the same language. Ask an American what they are; the typical response will be half Irish, half German – or whatever the combination might be.
This is George Soros’ Open Society agenda that neither respects human culture nor anything that makes us individuals. Like Garland, Blinkin, and Nuland, Soros immediately attacks any critic, calling them antisemitic rather than addressing the criticism. As the Atlanticwrote: “George Soros’s name has been used as an anti-Semitic, nationalist dog whistle.”
Soro’s mentor is Karl Popper (1902-1994), who wrote several books, including “The Poverty of Historicism,” which Popper wrote in New Zealand during World War II. Popper became fixated with this notion of destiny pushed by Hitler and others throughout history. In his “The Open Society and its Enemies,” he writes: “Historicism, which I have so far characterized only in a rather abstract way, can be well illustrated by one of the simplest and oldest of its forms, the doctrine of the chosen people.” Poper describes this “historicism” as follows:
It is widely believed that a truly scientific or philosophical attitude towards politics, and a deeper understanding of social life in general, must be based upon a contemplation and interpretation of human history. While the ordinary man takes the setting of his life and the importance of his personal experiences and petty struggles for granted, it is said that the social scientist or philosopher has to survey things from a higher plane. He sees the individual as a pawn, as a somewhat insignificant instrument in the general development of mankind. And he finds that the really important actors on the Stage of History are either the Great Nations and their Great Leaders, or perhaps the Great Classes, or the Great Ideas. However this may be, he will try to understand the meaning of the play which is performed on the Historical Stage; he will try to understand the laws of historical development. If he succeeds in this, he will, of course, be able to predict future developments. He might then put politics upon a solid basis, and give us practical advice by telling us which political actions are likely to succeed or likely to fail.
Popper became caught up in these claims of destiny, which blinded him to the actual driving forces behind society throughout the centuries and why kingdoms, empires, nations, and city-states always rise from nothing, reach a climax, and then disintegrate to dust, only to be buried in a common grave dug by history. In Edward Gibbon’s (1737-1794) Decline and Fall of the Roman Empire (1776), his final chapter tells us about two attendants to Pope Eugenius IV (1431-1447) who are sitting on top of the Capitoline Hill in Rome overlooking the Roman Forum. Poggius then comments upon the vicissitudes of fortune, which spares nothing and nobody while it buries empires, nations, and city-states in a common grave.
“Her primeval state, such as she -might–appear in a remote age, when Evander entertained the stranger of Troy, has been delineated by the fancy of Virgil. This Tarpeian rock was then a savage and solitary thicket; in the time of the poet, it was crowned with the golden roofs of a temple, the temple is overthrown, the gold has been pillaged, the wheel of Fortune has accomplished her revolution, and the sacred ground is again disfigured with thorns and brambles. The hill of the Capitol, on which we sit, was formerly the head of the Roman Empire, the citadel of the earth, the terror of kings; illustrated by the footsteps of so many triumphs, enriched with the spoils and tributes of so many nations. This spectacle of the world, how is it fallen! how changed! how defaced! The path of victory is obliterated by vines, and the benches of the senators are concealed by a dunghill. Cast your eyes on the Palatine hill, and seek among the shapeless and enormous fragments the marble theatre, the obelisks, the colossal statues, the porticos of Nero’s palace: survey the other hills of the city, the vacant space is interrupted only by ruins and gardens. The forum of the Roman people where they assembled to enact their laws and elect their magistrates, is now enclosed for the cultivation of pot-herbs, or thrown open for the reception of swine and buffaloes. The public and private edifices that were founded for eternity lie prostrate, naked, and broken, like the limbs of a mighty giant, and the ruin is the more visible from the stupendous relics that have survived the injuries of time and fortune.”
Popper rejected cycles because he was focused on these claims of destiny. That may have been the rhetoric of Hitler, but you do not focus your entire theory on trying to disprove such a claim. In the process, Popper never sought actually to identify why; no matter what form of government emerges, they are all buried in a common grave. Chancellor Merkel of Germany pushed economic theories based on the German false assumption that the hyperinflation took place BECAUSE of the printing of money when, in fact, it was the printing of money that was the response to the collapse in confidence of the Weimar Republic.
The Weimar Republic was born of the 1918 German Communist Revolution, during which the German communists even invited Russia to take Germany as part of their Communist Revolution in 1917. These Germans wanted to be part of this Marxist dream. Anyone in the right mind moves whatever wealth they have to other currencies. Then, in December 1922, the Weimar Government confiscated 10% of whatever assets you had in the bank to pay the reparation payments for losing the war.
This German distortion of historical events has poisoned the German economy ever since. It was the very reason why Hitler rose to power for the oppressive of the reparation payments that even Hohn Maynard Keynes warned was detrimental. However, the French had made reparation payments to Germany back in the 19th century, so they wanted retribution in the 20th century.
Even The Lyviathan by Thomas Hobbes (1588-1679) was deeply influenced by the English Civil War and the beheading of the King. In his Decline and Fall of the Roman Empire, Edward Gibbon (1737-1794) was also deeply influenced by the English Civil War between Protestants and Catholics. Consequently, he includes chapters on the rise of Islam and Christianity and attributes much of the cause behind the fall to religion and discord only because he saw that in Britain.
I find it very damaging when someone seeks to critique history based on current trends applied to different times. I have written before how William Penn named his city of Philadelphia based on the translation of the word “Philadelphos,” meaning “brotherly love.” That was not in a Christian sense; it referred to incest, where one married their sister, typically to keep the family wealth contained in the family. This was common in Egypt as well as Syria. This is my point. When looking at history, we MUST review it within the context of that period and NEVER apply our current experiences to their lack of understanding of their thinking and motives.
This was Popper’s great mistake in focusing on this claim of destiny, which was really a great sales slogan rather than a true economic trend. Popper may have wanted to improve the methods of the social sciences to promote peace, freedom, and prosperity, emulating the function of the natural sciences and technology to increase the earth’s productive capacity. However, his book’s central theme is his critique of the myth of historical destiny and historical determinism, that is, the idea that history is beyond human control.
There have been those who have recognized that the individual plays a key role, and this idea of government possessing the power to manipulate society, championed by Marx and Keynes, remains the very core of understanding the true nature of the economy. Carl Menger (1840-1921) is the founding father of the Austrian School of Economics, with his landmark “Principles of Economics,” published in 1871. There, Menger laid the intellectual framework for the subsequent Austrian scholars who followed him.
One of the book’s main themes is that the value of a good is not determined by factors that can be objectively determined (e.g., labor or material costs) but by subjective valuations of the object in question by individuals. As I explained to China when I was invited to help them transition to Capitalism, they were monitoring 249 varieties of tea. The question was, why is this one tea selling for about $5 in one place but $1 in another? I asked where its origin was, and that is where it happened to be $1. I elaborated that there were transportation costs first and secondly that someone would pay more for one tea than another because of personal preference.
In this sense, Carl Menger, Leon Walras, and William Stanley Jevonssaw that economics has a human element that goes beyond supply and demand. ‘Marginalist Revolution’ with Menger and Jevons was added to with elements by Walras, who proposed that the commodities’ relative marginal utilities determined relative prices of commodities and thus explained the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
It was John Law (1671-1729), who was the father of the Supply and Demand theory he observed as a trader on the floor of the Amsterdam Bourse. However, Popper grossly overlooked the individual and that we are raised in a particular culture that forms our fundamental beliefs. You cannot have open borders and assume that everyone will assimilate into some homogenous society. Such a transition period of forced assimilation is highly violent and destructive.
Emperor Valens (364-378AD) allowed the Goths to cross the border, assuming that he could exploit them to build his army. They were trained in Roman tactics and then turned on the Emperor from inside the Roman Empire. Valens met his death on August 9th, 378 AD, in one of the greatest military catastrophes ever suffered by the Roman Legions – the Battle of Aadrianopolis. In this fateful battle to the death with the Goths, the legions of Rome were totally annihilated. The devastation and carnage was so vast that the body of the Emperor Valens was never recovered. This battle was one of the worst defeats Rome had ever suffered. Before, No one had ever destroyed the mighty legions of the Roman army while under the command of an Emperor himself.
So much for Soros & Popper’s Theory of an Open Society
Posted originally on Jul 29, 2024 By Martin Armstrong
EU Economic Commissioner Paolo Gentiloni has claimed that the Group of Seven (G7) will release $50 billion in frozen Russian assets to Ukraine by October. These leaders agreed at the last meeting on June 13 that they would indeed take the money they confiscated from Russia and provide it to Ukraine in terms of a loan.
They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelenskyy is too busy stuffing his pockets to actually care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.
The Pandora Papers revealed that Ukraine had the highest number of politicians from any country with a secret offshore account. Even Forbes Magazine said that Ukraine owes it to the West to clean up the outrageous corruption. NATO could not even permit Ukraine entry due to its overtly corrupt politicians.
These nations are teetering on the edge by using these assets as collateral. If they were to actually give Ukraine the frozen assets, Putin would then be justified to just confiscate ALL assets held by Western countries and private/public corporations. These actions by the G7 completely violate international law. What’s more, these nations are now threatening foreign banks in nations like India to cease funding Russia or risk being debanked or blacklisted by the United States and Europe.
No sum is ever enough for Ukraine. Zelensky is demanding the full $300 billion in frozen Russian assets. Reports state that the income generated from the $300 billion has only reached $3.2 billion on an annualized basis at this time. Yet, the European Commission released $1.6 billion to Ukraine on July 26, which does not include the proposed $50 billion incoming loan.
“There is no better symbol or use for the Kremlin’s money than to make Ukraine and all of Europe a safer place to live,” European Commission President Ursula von der Leyen proudly stated. She forgot to add that 90% of these funds will go right back to Europe to reimburse them for the aid they have sent Ukraine. It is beyond morally corrupt to recirculate illegally confiscated assets in this manner.
“The extraordinary revenues generated in this context by the EU operators do not belong to Russia and are held by CSDs,” or central securities depositories, the EC released in a statement. “The EU has now started to channel these revenues to Ukraine.” So, the commission felt they could steal assets from Russian people and corporations simply residing in a country they sanctioned? Europe is not at war with Russia, technically, and neither is the rest of the G7. Ukraine is not a member state. The West unleashed a new form of economic warfare that would be used against them as any “unfriendly” nation could easily turn around and withhold funding from another country.
Posted originally on the CTH on July 28, 2024 | Sundance
I can tell you from firsthand recent experience, Russia has psychologically prepared the citizens of the country for war against the West, if that is what’s needed.
The Russian people do not want war but trust me – they are a hardened nation filled with people who are used to hardship in comparative terms to Americans and Europeans. Their military bases are full of trainees, and the streets have as many young men in fatigues as they do business attire.
The roads and highways are full of not-so-subtle billboards preparing the nation. There are posters on the streets and in the subway stations, and flyers in almost every business, shop, office and retail location preparing the citizens of Russia. There is also a very cold and deliberate tone in all of the expressed government information about preparation. In short, they’re ready.
POLITICO – Russian President Vladimir Putin threatened to deploy missiles within striking distance of the West should the U.S. move forward with its missile deployment in Germany.
Russian President Vladimir Putin threatened a tit-for-tat response should Washington deploy long-range missiles in Germany, saying Moscow would answer by placing similar missiles within striking distance of the West.
Washington and Berlin announced earlier this month that the U.S. will deploy the arms in Germany starting in 2026, along with Tomahawk cruise missiles and developmental hypersonic weapons. The missiles “have significantly longer range than current land-based fires in Europe,” the White House said in a statement.
The move is meant to show the U.S.’s commitment to NATO and its European allies.
In a speech on Sunday to mark Russian navy day, Putin accused the U.S. of escalating tensions, saying “we will take mirror measures to deploy, taking into account the actions of the United States, its satellites in Europe and in other regions of the world,” Reuters reported.
The Intermediate-Range Nuclear Forces Treaty — signed in 1987 — banned ground-based missiles with a range of more than 500 kilometers. The U.S. withdrew from the treaty in 2019, citing Moscow’s development of the 9M729 ground-launched cruise missile, known in NATO circles as the SSC-8. (Read More)
Putin warns of mirror response to US missile deployment in Germany
RUSSIA TODAY – Russia will consider itself free from a moratorium on the deployment of medium and shorter-range missiles if the US places missiles in Germany, Russian President Vladimir Putin has said in an address to sailors at the Navy Day parade in St. Petersburg.
Earlier this month, the US and Germany announced plans to deploy long-range precision missile systems in Europe. According to a joint US-German press release dated July 10, the US “will begin episodic deployments of the long-range fires capabilities of its Multi-Domain Task Force in Germany in 2026.”
Putin called this announcement “noteworthy,” as such a deployment will put important Russian state and military facilities, administrative and industrial centers, as well as defense infrastructure within the reach of the weapons. He noted that the flight time of such missiles to targets on Russian territory would be about ten minutes, and that they could also be equipped with nuclear warheads.
“This situation is reminiscent of the events of the Cold War related to the deployment of American medium-range missiles in Europe,” Putin stated. He said that while Russia has long left the Cold War in the past, the US “did not reciprocate.” The president warned that if the US goes through with the missile deployment plan, Russia will respond accordingly. (read more)
I know exactly where that speech was given, and I have seen the naval combat training center therein.
Posted originally on the CTH on July 28, 2024 | Sundance
After a vile, degenerate and blasphemous opening ceremony to the Olympics in Paris France, on the first day of competition the region suffered a total power failure.
Well, almost a total power failure.
You see, in the top of the picture showing the blackout, you might notice one area completely unaffected. That is the Sacre Coeur Church, the Basilica of the Sacred Heart of Jesus.
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A loving God will not be mocked. The light of Jesus Christ can’t be overcome by the darkness of man.
Our faith is steadfast. God is in control.
🚨🇫🇷BREAKING: Power Outage Hits Paris 24h After Olympics Ceremony!
Parts of Paris are experiencing total blackouts tonight, the reason is still unknown. The first clip below shows the moment of the outage.
Power outage in Paris a day after France staged a degenerate opening ceremony of evil and mocked the Last Supper. Hallelujah. pic.twitter.com/vzgp9WQffN
As we head into the end of this cycle in 2032, this process concerns the collapse of Republican forms of government. We are rapidly approaching the collapse of Republican forms of government on a global scale, and I believe that this has become far more obvious since the COVID-19 scam. Even in Germany, friends think that something has seriously changed. We are dealing with the collapse of complete confidence and belief in the government itself, regardless of where it is on a global scale. This video is interesting, and it calls into question the tactics used by the government. The West always claims Putin has a double. Is the pot calling the kettle black?
Let us see what unfolds in the weeks ahead. The rumor is Biden will grant all illegals citizenship so they can change the politics of the country by creating a Democrat Progressive Dictatorship with one-party rule. Then, Biden will resign by September and let Harris become president to show the world she can do the job. In reality, she is just replacing a hand puppet and letting the Neocons continue to run our lives unimpeded as Blinkin and Garland, along with Nuland, use their Jewish heritage to fend off any criticism of their manipulations of society and thirst for war as just antisemitism.
They want NATO to create a false flag before the election to start a war against Russia. NATO will be beyond any congressional investigation – the perfect cover to start World War III. Haliburton moved to Dubai to escape scrutiny over the Gulf War. They will take Trump’s anti-war stance once again and call him Putin’s Puppet. Let’s see if they pull off this agenda. Our computer warns NOBODY WILL ACCEPT THIS ELECTION regardless of who wins.
We will have to go through this until the majority of people simply reach the conclusion that there is no trust left in those who wish to preside over us. The last collapse in government worldwide was all about monarchy. Nobody put it better than Thomas Paine (1737-1809) in his publication Common Sense. That was the inspiration that stirred the people to action. This is just part of the progress we see cyclically throughout human history. It is the political version of Schupeter’s Wave of Creative Destruction. The British even issued political tokens picturing the hanging of Paine.
Here is the last Private Wave #155 (1882.45-1934.05). We can see that a number of financial panics began during the third wave. That corresponded to the Panic of 2007-2009, which some call the Great Recession. The Fourth Wave marked the beginning of the Progressive Era in 1912, and that corresponded with the peak in government we saw in 2015.75. Instead of socialism, Trump was sworn in precisely on the Pi target to the very day, representing the opposite of the 1912 Progressive era. Would War I follow as we now see our world leaders are all pushing for World War III so they can (1) default on their debts and (2) hope to strip-mine Russia of all its natural wealth and resources? This previous wave peaked in 1929 and began the Great Depression, ending with Socialism and FDR confiscating gold. Hitler came to power precisely on the Pi Target from the to in, and there was a worldwide sweep of whoever was in power thrown out, marking the rise of FDR, Hitler, and Mao.
As in Physics, every action causes an equal and opposite reaction. Until we learn to live with the cycles and stop trying to manipulate society to create this fictional perfect world that cannot exist, as was the case with Communism, then perhaps, like a dog, we will one day shake off this political manipulation and just for once advance as a society.
Communism was tried in ancient Sparta, Greece. As I have said before, this city-state never issued coins. Yet they waged war against Athens and defeated the land of freedom and democracy in 404 BC. Karl Marx drew much on this segment of history, including the writings of Aristotle. Even Joseph and the Pharoach’s Biblical story is a blueprint for living with the cycles.
I see the world as the Biblical story of Joseph telling the Pharaoh there will be seven years of plenty and seven years of drought. This story attempts to tell us that there is a business cycle, and we better live with it. If you know when the cycle will turn down, you then prepare to live with it and reduce its impact on society.
Both Keynes and Marx pushed the theory that the government possessed the power to alter the direction of the economy. Neither man understood the complexity of the global economy and how we are all interconnected. If it were not for World War I and II, the capital would never have shifted from Europe to America, replacing London as the Financial Capital of the World.
Even when we look at war, this has plagued human society for thousands of years. War comes when economic distress is set in motion just as the Barbarians smelly weakness in Rime and then struck. Some sought to wage wars of conquest. However, once an empire has risen to its maximum state, then the political corruption internally eats away at it like a cancer from within. Thus, all empires, nations, and city-states are buried in a common grave because, as a collective society, we seem to be incapable of learning from the past mistakes of others, and inevitably, that ensures that history will always repeat itself. It would be fantastic if we actually advanced as a society politically, rather than just technologically.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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