Posted originally on Feb 21, 2024 By Martin Armstrong |
BlackRock CEO & World Economic Forum Trustee Board Member
Larry Fink Turns Bullish on Bitcoin
Larry Fink has changed his tune on crypto, saying suddenly it could “revolutionize finance,” endorsing an industry he once viewed with skepticism. Of course, as a board member of Scwab’s WEF, the crypto zealots cheered. Still, they think that Bitcoin can replace the dollar and end inflation, which they think is the result of paper money. That only reveals their own ignorance of what money is and the role it has played since the dawn of civilization.
Worse still, they are telling people Bitcoin is going to be $60,000+ and fail to comprehend that even assuming that the dollar was replaced with Bitcoin, a rally then in the currency would subject the country to a Depression as took place during the 1930s.
What made the depression so great was that private assets collapsed, and there was a flight to quality being cash. If Bitcoin replaced the dollar, the country would collapse, the debt would be unpayable or serviced, and private assets would decline, including gold. Democrats would no longer be able to run for office, for they could not promise gifts if you vote for them in the spirit of Marx. This is far more complicated than simply replacing the dollar. Even the people constantly calling for the collapse in the dollar do not comprehend that you are really talking about the collapse of the entire government, its debt, and the political system that would most likely fuel the divorce between the Blue & Red States. It was the dramatic rise in the dollar that compelled FDR to confiscate gold and devalue the dollar. It was the high price of the dollar that resulted in protectionism because the politicians did not understand the currency.
They seem oblivious to the fact that the coming Central Bank Digital Currency in the USA would be unconstitutional, and the Federal Reserve will NOT issue one. Instead, the top banks are all moving to create their own and pitch for their version that will be programmable and traceable. The rumor is Fink would love to take over Bitcoin. WHY? Because all the tracing and reporting will be done by the private sector and under CURRENT law, banks MUST report suspicious behavior. So it is the COVID Model where the private sector did the censoring of free speech that the First Amendment ONLY restricts the government – not Facebook, YouTube, et al.
The Bitcoin zealots seem to overlook that the very nature of an ETF is at odds with the original ideals of Bitcoin. ETFs are an investment vehicle that’s categorically different from the original ideals of digital assets and will push the industry in the precise wrong direction into the ultimate way the government can trace everything you do and make sure they tax everything.
Posted originally on Feb 21, 2024 By Martin Armstrong
A recent measure from the Biden Administration touted as a solution to lower prescription drug costs has a more sinister motive. The Bayh–Dole Act or Patent and Trademark Law Amendments Act of 1980 permitted researchers to own the patents of their products developed through government funds. The legislation permitted “march-in” rights that enabled these agencies to grant a license on their patents to third parties. For the first time in four decades, the federal government wants to invoke this measure as they are losing both money and power amid this private wave.
Codified by 35 U.S.C. S 203, the march-in rights permit the federal government to require contractors to hand over “nonexclusive, partially exclusive, or exclusive license” to a “responsible applicant or applicants.” Around 5% of patents were licensed out before the Bayh-Dole Act compared to around 69% today. On the surface, one may view this as an effective way to push back against prescription price gouging but this is an outright attack on private enterprise.
This measure is not limited to prescription medications as it expands to ever patent created through government funds, meaning every single industry could be usurped by Washington. Had the government actually wanted to lower prescription prices, there are countless measures and legislations that they could pass to do so. Instead, they are directly targeting private enterprises, no different from any communist nation.
Seizing private property has never benefitted the people of any nation. It has been attempted and tried countless times and always results in disaster. The Founding Fathers deliberately forbid this from happening in the Fifth Amendment of the US Constitution.
Amendment V
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Most know the right to remain silent provided by the Fifth Amendment. There is a “takings clause” clearly written in the Constitution that forbids the government from seizing private property.
The US Supreme Court misconstrued this clause in KOHL v. US , 91 U.S. 367 (1875). The government decided to seize private property from landowners in Cincinnati to create public infrastructure. This case is largely cited as the beginning of eminent domain discussions and the US Supreme Court ruled in favor of the Federal government, so long as they provided “just compensation.” The court ruled that the government may asses the value and pay whatever they wish.
The power provided by the pandemic tipped the scales in favor of the government over the people. Implementing socialism would be the fast-track way to achieve the World Economic Forum’s objective—YOU WILL OWN NOTHING AND BE HAPPY. Dimon suggested using the excuse of climate change to usher in the Great Reset. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his message to shareholders.
Then, the US government began quietly seizing farmland, particularly in South Dakota. Summit Carbon Solutions invoked eminent domain to seize private property to build a clean energy solution pipeline. Farmers reported receiving unannounced visits from surveyors who, at times, entered their personal residences without notice. The farmers were threatened and warned not to interfere in the plans to destroy their businesses. Over 80 farmers attempted to sue the company, but many were placed in contempt of court for speaking out. The US government ruled that it was legal and acceptable for Summit Carbon Solutions to seize property in the name of climate change.
History repeats as human nature NEVER changes. Look back at the Roman emperor Maximinus I (235-238 AD) who effectively declared all wealth in the country belonged to the state. He paid bribes to anyone who turned in their neighbor for hiding wealth. Once Maximinus wiped out small businesses in this manner, it led to a collapse in confidence in the economy. Commerce rapidly declined from there on out commerce and businesses did not restart. There was no Great Reset. In that instance, one Pi Cycle marked the bottom of the Roman economy from 237 AD to 268 AD (31 years).
The US government will seize more than just land in this most recent abuse of power. Our liberty is on the line and the government is seizing our rights at a rapid pace. We are entering a period of COMPLETE TOTALITARIANISM as we move toward 2032. Governments are losing control in this private wave, and the old methods of controlling the masses are not working; they are laying out the groundwork to take the utmost extreme measures to force the people to become entirely subservient to the system.
Posted originally on Feb 20, 2024 By Martin Armstrong
A new trend is circulating on the internet, where parents in the US film their teenagers’ reactions to filing taxes for the first time. The US education system does not require schools to educate students on taxes, despite it being fundamental knowledge for sound financial health.
In 2022, teens with both earned and unearned income were required by law to file a tax return if their combined gross income was greater than $1,150, or more than their earned income (up to $12,550) plus $400. Additionally, if a teen earned $12,950 or more at their part-time job in 2022, they would need to file taxes in 2023. The standard deduction for 2022 was $12,950, so as long as a teen didn’t earn more than that amount, they wouldn’t have to file taxes. Basically, anyone who worked a part-time job was forced to give a portion to Uncle Sam.
Those advocating extreme spikes in the minimum wagedo not realize that teenagers will be unable to pay. Moreover, employers will not be able to hire teens and young adults as they know they are there temporarily. These kids do not understand the system, and from a broader perspective, we need a future workforce with hands-on knowledge. Why is the government taxing teenagers who are too young to vote for representation? Why is the Biden Administration hell-bent on forgiving student loans when we are forcing teens to pay on the little that they earn? Everyone wants to talk about “equality,” but few realize that some cannot obtain higher education without a job. Not all parents are willing or able to support their children when they reach 18.
As a result, the youth is not joining the workforce. The Bureau of Labor Statistics (BLS) projects a further decline in the teen labor force participation rate, from 34.0% in 2014 to 26.4% in 2024, citing increased school enrollment as a contributing factor. They are encouraged by the system to focus on school and take out larger loans to pay for their expenses. They do not realize that most will be unable to find work in their field of study, nor are they educated about compounding interest on loans.
In 2023, the number of employed 16- to 19-year-olds in the US was approximately 6 million, which is expected to decline. Fewer teens are working and gaining crucial hands-on experience in the workforce. We are producing a future generation of academics who simply do not know how to work.
Posted originally on Feb 20, 2024 By Martin Armstrong
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes and claim that is sufficient evidence that the overall economy is sound.
Yellen is akin to the Karine Jean-Pierre of America’s financial system insofar as her job is to openly lie to the public and convince them that their reality is not as it seems. She holds a high role in Biden’s cabinet and is responsible for overseeing America’s banks, tax enforcement, printing money, and the national debt. She is the bridge between the federal government and the Federal Reserve, acting as Biden’s top advisor. We know Biden is not mentally competent, and it appears his CFO has continually misled both Washington and the American public.
So, what the hell is wrong with Janet Yellen? Her loyalty lies with the World Economic Forum and globalist elite. These are the people making decisions that DELIBERATELY wound their own nation’s economic soundness on behalf of a select few behind the curtain. Yellen admitted that the true reason behind the massive spending on the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” the Treasury Secretary admitted months ago. That was one of the largest spending acts in the history of our nation and pales in comparison to the money being spent on foreign wars. All of this spending is intended to meet the same goal of the Great Reset.
Hence, the woman in charge of overseeing national spending is ignoring the debt crisis waiting to implode. WhenUS debt was downgraded, she called it arbitrary and simply disagreed with the data. The government has no plans to curtail spending. Instead, they are taking measures that contribute to rising inflation, therefore reducing the quality of life for the average citizen. Yellen’s recent statement proves that Washington is not concerned about the people, and this inflationary trend will continue.
Posted originally on the CTH on February 13, 2024 | Sundance
Republican senators Boozman, Capito, Cassidy, Collins, Cramer, Crapo, Hoeven, Ernst, Grassley, Kennedy, McConnell, Moran, Murkowski, Romney, Rounds, Sullivan, Thune, Tillis, Wicker, Young, and Cornyn all voted to send $95 billion to Ukraine, Israel and Taiwan to protect their borders while leaving our borders unprotected.
Most people just don’t realize the nature of the opposition we face. ¹The elected representatives simply don’t care what our opinion is, they will do whatever serves their interests and too hell with the voters.
WASHINGTON DC – The Senate approved $95 billion in aid to Ukraine, Israel and Taiwan aid by a 70-29 vote early on Tuesday morning, sending the bill to an uncertain fate in the House, where Speaker Mike Johnson is giving the legislation a frosty reception.
Despite a last-ditch effort from conservative opponents of the bill, Johnson‘s cold water and former President Donald Trump’s attempts to kill the legislation, Republican support for the deal actually grew overnight, with 22 GOP senators voting in favor of the package — a kind of rejection of those in the party, like Trump, who argued any aid should be structured as a loan. (read more)
¹Now, imagine if we had some simultaneous triggering mechanism that could abruptly initiate a total work stoppage, a general labor strike, in the states or hometowns of the aforementioned senators. Perhaps that would get their attention.
At least there are a few states where both senators held the interests of their voters in mind. Florida, Missouri, Vermont, Alabama, Oklahoma, Tennessee and Nebraska all voted against the Ukraine spending bill.
Posted originally on the CTH on February 11, 2024 | Sundance
I made the notation during the Tucker Carlson interview that Russian President Vladimir Putin knows everything below in this article about Russian Sanctions and the formation around a dollar-based U.S. CBDC. Unfortunately, Tucker Carlson does not know the specifics of how it is being constructed.
I went to the EU, because deep inside all of my research on Russia, things did not make sense. I was very prepared and organized to expect everything sketchy, and what I found surprised me. Putting boots on the ground, I now have a completely clear and different view.
Let me start by saying everything we have read about the Western sanctions against Russia is false. What sanctions might exist do not have any impact, and Eastern Europe has no intention to anger Putin. When Brussels threatens to kick Hungary out of the EU/NATO, I can almost hear Viktor Orban saying, “Don’t threaten me with a good time.” Hungary doesn’t even use or rely on the €uro for domestic financial transactions; they still retain their own national currency, the Hungarian forint or HUF.
First things first with the Western financial sanctions- specifically the SWIFT exchange. It is true you cannot use VISA, Mastercard or any mainstream Western financial tools to conduct business in Russia; however, the number of workarounds for this issue are numerous. One of those tools is the use of a cryptocurrency like Bitcoin; and within that reality, you find something very ominous about the USA motive.
Crypto users are likely familiar with stories like Binance and the US regulatory control therein. Factually, outside the USA Binance is being used to purchase and trade crypto without issue, but inside the USA it is regulated. That brings me to the MEXC crypto exchange, a Mexican version, again available globally but not allowed in the USA. The same applies to Metamask, used all over Europe but not permitted in the USA. Start to ask yourself, why all these crypto exchanges are available to the rest of the world but not the USA, and you start to suspect the Russian sanctions, just like the Patriot Act, are something else entirely.
Then there’s app wallets. You might be familiar with Apple Pay as a process to handle transactions from your iPhone. Apple Pay is linked to your bank account. Well, the “wallet feature” exists on other apps also, like Telegram; however, you can find the wallet feature, but if you try to use it from a USA cell phone… “This feature is not allowed in your region.” Why are digital wallets available for the rest of the world but blocked by the U.S. government?
This brings me to several crypto conversations in the EU at various cafes with people who have a deep understanding. The commonly accepted bottom line, the Western sanctions, organized by the Biden administration and US Treasury, were not intended to put financial walls around Russia; they were designed to put control walls around the USA. Russia was the useful justification.
Here’s how it really looks from the outside looking at the USA. The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency.
Now, does the exploding debt and seeming govt ambivalence take on a new perspective? It should, because that unspoken motive explains everything. This is not accidental folks.
Again, the western sanctions against Russia are not having an impact against Russia; they are having a quiet impact in the USA that no one is permitted to talk about.
♦LOGISTICS – Despite popular opinion to the contrary, it is entirely possible to travel all over Europe without being tracked. If you pick an entry point into the EU (Schengen Area), once inside, you can travel without any national checkpoints or passport checks. It is also entirely possible to fly all over the EU without ever giving a passport number when you book the flight. The trick is to know which airline. You are a name on a passenger manifest, nothing more.
Bottom line, travel around the EU is less controlled, tracked and monitored, than travel inside the USA. Yes, let me emphasize; freedom of travel is greater in the EU than it is in the USA. This was completely unexpected.
♦GROUND REPORT – You might ask how I know the Russian sanctions are ineffective – here’s an example. After doing advanced research, I went to three separate banks as a random and innocuous customer. I put my reason in the kiosk at each bank, got my ticket number and sat down to listen to the conversations. When my ticket number came up on the digital board, I just ignored it and sat for hours listening to conversations. No one ever noticed or questioned me – not once.
At every one of the banks, the majority of the customers, at the “new account” desk, were foreign nationals asking about setting up business accounts to trade with Russia. In every bank the conversations were friendly and helpful, with the bank staff telling the customers exactly how to set up their account to accomplish the transactions. No one was saying no; instead they were explaining how to do it in very helpful detail.
Within Russia, there are now 3rd party brokers with international accounts, an entirely new industry, which creates a layer of transactional capability for the outside company to sell goods into Russia. A Samsung TV travels from South Korea to the destination in the RU with the financial transaction between manufacturer and retailer now passing through the new ‘broker’ intermediary. Essentially, that process is what was happening in the banks for small to medium sized companies.
♦ Back to the crypto and digital wallet angle. In addition to financial/transactional brokers for durable goods into Russia, there is now an entire industry of selling telephone id’s with EU phone numbers to process the transactions that are blocked by the USA sanction regime.
Meaning, a person could buy a phone and register a phone number from within the EU, and then go back to the USA and access all the blocked/restricted financial processes [Binance (non-US), Metamask, MexC, Telegram digital wallet etc]. This would permit them to do untracked financial transactions into and out of Russia from the USA without the USG knowing about them (sanction workaround).
[DISCLAIMER: in the interest of my own legal risk, I did not do this; I’m just explaining.]
I am not smarter than the U.S. intelligence community, so what does this mean?
This means the U.S. government knows exactly why the Russian economy is thriving, the Ruble is stronger against the dollar, and there is nothing -not one thing- visible or different on the ground in Russia that an ordinary Russian citizen would notice. In fact, the Russian economy is doing fine, better than before the Ukraine conflict initiated, albeit with new financial industries created by the sanctions.
If the US government knows this, then why the sanctions?
Asked and answered. The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in. The Western sanction regime, the financial mechanisms they created and authorized, creates the control gate that leads to a U.S. digital currency.
In essence, the Ukraine war response justified a system that creates a digital dollar.
I will have more, but for now just think about this aspect.
Posted originally on Feb 9, 2024 By Martin Armstrong
After Janet Yellen dared to say the IRS needed to track $600 transactions on eBay and CashApps to get the rich, now it is going after those people who are taking money out of the banks and buying real estate for cash. These disgusting Americans have to be hunted down like the English did to foxes and strung up like the good old days. What’s next? They will behead people and stick their heads on the spike around the White House as a warning whatever you earn 100% belongs to her Treasury, and she alone decides what you are allowed to keep.
Yellen is not taking the Biden administration on the hunt for people investing in real estate when she needs that money to hand to Zelensky for this endless war to conquer and destroy Russia. Yellen has stated that she wants to make residential real estate transactions more transparent, targeting people who are buying property in all-cash purchases. She insists this is part of an ongoing effort to combat money laundering and the movement of dirty money through the American financial system. The problem is that her definition of money laundering is now just putting cash in a safety deposit box where the government cannot see it. Money laundering, which is 20 years in prison, was once upon a time a law to go after drug dealers. She has changed the definition to hiding money from the government and avoiding taxes.
The Treasury Department’s Financial Crimes Enforcement Network is preparing a regulation that the Uni-Party will pass that would require real estate professionals to report information to the agency about non-financed sales of residential real estate to legal entities, trusts, and shell companies.
All-cash purchases of residential real estate are considered at high risk for money laundering. The rule would not require the reporting of sales to individuals as stated by FinCEN Director Andrea Gacki:
“Illicit actors are exploiting the U.S. residential real estate market to launder and hide the proceeds of serious crimes with anonymity, while law-abiding Americans bear the cost of inflated housing prices”
The nonsense Yellen is claiming this time is that this new regulation is an
“important step toward not only curbing abuse of the U.S. residential real estate sector but safeguarding our economic and national security.”
I have reported that there is a MASS MIGRATION from the Blue States to the Red States. We can see this in the stats from Zillow’s Consumer Housing Trends Report for 2023. Over 40% of real estate sales are taking place in the South, with New England being the lowest in sales and having the highest regulation and taxation.
Most people do not know, but from the very outset of the Biden Administration, targeting real estate was on the agenda as soon as Biden took office. By 2021, the White House had established plans to launch real estate recordkeeping requirements so they could hunt the rich for sport. The excuse was that they wanted to increase transparency in real estate transactions, “diminishing the ability of corrupt actors to launder ill-gotten proceeds through real estate purchases.” Wealth in real estate was unacceptable, for it was not in a bank that would secretly report any suspicious transactions without notice to you.
The Biden Administration hates the rich, for they cannot help being Marxists and only tolerate capitalism begrudgingly. The Biden Administration maintains that real estate is a commonly used vehicle for money laundering due to opaque reporting rules on purchases. The degree to which criminal activity affects housing affordability is his excuse for rising house prices – not his spending or plans for central bank digital currencies where the government can freeze all your assets on a whim as Trudeau did to anyone even donating to the Trucker protest.
Of course, it takes leftist academics to argue that this criminal activity of not paying taxes, which they define as money laundering, impacted home values in Canada. These academics, who can’t stand anyone who has more than they do, asserted that money laundering investment in real estate pushed up housing prices by 3.7% to 7.5%. Canada was especially impacted by foreign capital flowing in from China. In 2022, the federal government passed the Prohibition on the Purchase of Residential Property by Non-Canadians Actto ban foreign investors from buying residential property in Canada and to ensure the housing market remains available to Canadians. They just extended that for another two years, trying to prevent capital inflows. The foreign capital is turning more toward equities than real estate thanks to these leftist academics. They do not even consider that housing has risen because of Trudeau’s reckless spending. The foreign buyers were looking at the high-end of the market – not the average mom-and-pop house.
Yellen’s proposal is absurd. I bought a second home and paid cash to park the money out of a bank. I had to pay by bank wire, not even a certified check because you can stop payment on it or claim it was stolen after settlement. Everything is recorded, and you have to have lawyers on both sides. This does not occur with handing over a pile of cash; nobody knows who you are. I will add that when I bought a house 20 years ago, I had them add my children’s names. It was no big deal. You can’t do that anymore, for they have to report that as a gift and pay taxes on the house’s value. In all honesty, what Yellen is saying is nonsense. I am going through it myself. The money must be wired from a bank, and your bank needs the details of what you are buying. So, the likelihood of this being some money laundering scheme is remote.
As of January 1, 2024, many companies must report information to FinCEN about the individuals who ultimately own or control them. FinCEN began accepting reports on January 1, 2024. I have even to inform them if I move. They want to know everything I own, where I live, and if I move, I need to inform them. In East Germany, you could not move without the government’s permission. It certainly seems we are heading in that direction.
This is an attack on small businesses. Treasury Secretary Janet Yellen said in January 2024 that over 100,000 small businesses had registered for their new database. The National Small Business Association filed a lawsuit in November 2022 to stop the U.S. database from being created, arguing that it is unduly burdensome on small firms and infringes on states’ rights to regulate businesses. Of course, no federal judge will rule against Yellen regardless of who appointed them. This is a uni-party club. Perhaps now you understand why they MUST stop Trump at all costs. He is not part of the uni-party.
Posted originally on Feb 2, 2024 By Martin Armstrong
Click here to watch the latest interview on 2 Vikings Podcast on Spotify.
A message from Frank Nilsen:
How does Martin believe central bank digital currencies will affect the future of finance, borrowing, and the overall economy? With rising government discontent and predicted collapses in confidence, what indicators should we watch to gauge the stability of government systems? What are the historical precedents for capital migration during times of war or conflict, and how are we seeing this take place today?
Martin A Armstrong is back on the 2 Vikings podcast again. He is a former financial advisor and hedge fund manager who gained prominence for his economic forecasting abilities. He started his career in the early 1970s and quickly became known for his unique approach to analyzing financial markets. One of Armstrong’s notable contributions to the field of economics is the development of the Economic Confidence Model (ECM). The ECM is a cyclical model that aims to predict economic and political events based on a series of mathematical calculations. According to Armstrong, these cycles repeat over time and can be used to forecast market trends with remarkable accuracy. Armstrong’s forecasting abilities gained widespread attention in the late 1980s when he accurately predicted the Black Monday stock market crash of 1987. His model also successfully predicted various other major events, including the Japanese asset bubble collapse in the early 1990s and the Russian financial crisis in 1998.
In addition to his economic forecasting work, Armstrong also founded Armstrong Economics, a research firm that provided economic analysis and consulting services to clients worldwide. The company’s clients included governments, central banks, and major corporations. While he gained recognition for accurately predicting major market events, he also faced legal troubles and was convicted of contempt of court. Armstrong spent several years fighting the charges against him and was ultimately convicted of contempt of court for refusing to hand over computer files related to his forecasting models. He was sentenced to prison in 2000 and remained incarcerated until 2011. You can see his story in the documentary “The Forecaster.” During his time in prison, Armstrong continued to write about economics and finance. He gained a following of supporters who believed in his forecasting abilities and viewed him as a victim of government persecution. Armstrong’s writings, which were published on his website, often delved into topics such as market manipulation, government corruption, and the flaws of the financial system. Since his release from prison, Armstrong has continued to publish his economic insights and analysis on his website. He has also been involved in various legal battles related to his case and has become an advocate for reforming the justice system. Armstrong continues to share his economic insights through his website but remains a controversial figure in the field of economics.
We talk about: 00:00 Allegations of election interference and financial corruption. 09:14 Discoveries made by accident, not intentional pursuit. 15:39 Refusing to sell, setting off chain of events. 17:32 Russia’s large natural resource reserves are tempting. 28:15 Congress to vote, circumventing, dangerous power grab, inflation. 31:15 Became largest institutional advisors in the world. 35:03 Historical revolts sparked democracy, not communication speed. 42:48 Urgent need for CBDCs to control debt. 48:12 Decrees make no sense, unsustainable federal spending. 51:20 Shocking dinner conversation at Mar a Largo. 58:18 Rising discontent may lead to stock market pullback. 01:04:21 High priest determined leap year, leading to corruption. 01:10:42 Gold brokers indicative of upcoming restrictions, collapse. 01:17:11 Migration increases traffic, taxes and bribery issues. 01:18:58 Model predicts war but people want peace. 01:24:09 AfD leader supports Brexit model for Germany. 01:32:28 Colombians pay for heart transplant to escape. 01:34:09 Government funds for medical procedures exploited. Enjoy!
Posted originally on the CTH on January 26, 2024 | Sundance
In this brief video below {Direct Rumble Link Here} Former Blackrock portfolio manager, Ed Dowd, explains why every last remnant of human freedom depends on mass resistance to Central Bank Digital Currencies (CBDCs). “Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.” WATCH:
I know at first blush a lot of this CBDC discussion seems esoteric, difficult to understand, and there are a lot of other issues happening simultaneously in the background. However, if you contemplate the biggest threat on this overarching power arc of western government, you arrive to understand how serious this seemingly opaque issue really is.
I first started to deep dive research into these CBDC datapoints when the Russian sanctions were triggered. You see, nothing about them really makes sense from the way they were structured; additionally, the intensity of the drive to make the sanctions the tip of the western spear was just too pointed, something about it didn’t make sense. That’s what took me to dig deep into the impact and realize nothing said about these financial sanctions makes sense when compared against their actual irrelevance {Go Deep}.
When the White House first started openly saying the Biden administration was reviewing how to implement CBDC’s, yes THAT Announcement ACTUALLY HAPPENED, September 2022, then things from a research perspective really started to get serious. “While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC.” Whenever the U.S. govt says they’re “undecided,” pay close attention.
First things first with the Western financial sanctions- specifically the SWIFT exchange. It is true you cannot use VISA, Mastercard or any mainstream Western financial tools to conduct business in Russia; however, the number of workarounds for this issue are numerous. One of those tools is the use of a cryptocurrency like Bitcoin; and within that reality, you find something very ominous about the USA motive against crypto.
“I’ve always been deeply opposed to crypto, bitcoin, etc.,” Dimon said in response to a question from Sen. Elizabeth Warren, D-Mass. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance because it is somewhat anonymous, not fully, and because you can move money instantaneously. “If I was the government, I would close it down.” (read more)
Dimon was/is positioning JPMorgan to be a facilitating beneficiary of the financial control system evident within any CBDC process.
Here’s how it really looks from the outside looking at the USA. The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency.
The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in. The Western sanction regime, the financial mechanisms they created and authorized, creates the control gate that leads to a U.S. digital currency.
Now, does the exploding debt and seeming govt ambivalence, the stuff Ed Dowd is talking about, take on a new perspective? It should, because that unspoken motive explains everything. It all just makes sense when reviewed through this prism of motive and intent. Again, the western sanctions against Russia are not having an impact against Russia; they are having a quiet impact in the USA and western dollar-based economic system that no one is permitted to talk about.
Bottom line, the non-pretending reasoning. The US Treasury has set the financial system on an almost unreversible path to a U.S. Central Bank Digital Currency. As direct consequence crypto currency alternatives are a threat to the establishment of that western objective. This reality also pulls in the explanation around why the USA is so all-in for the banker-driven World War Reddit, the Russia-Ukraine conflict.
How did the Obama administration go from all efforts to be on good relations with Russia 2009 through 2015, then suddenly pivot to the exact opposite with the Trump-Russia collusion conspiracy, the Russian election interference nonsense, the expulsion of Russian diplomats in Dec/Jan 2017 and suddenly Vladimir Putin as the archvillain for the world? Apparently, few have ever really asked how that happened.
Here’s the big picture, as seen through the prism of the EU and the non-pretenders in Eastern Europe.
The Marxists in the Obama admin needed a boogeyman in order to pull off their domestic heist and secure the “fundamental change.” The CIA and State Dept were deployed to utilize Ukraine in 2014 to create the boogeyman, Russia. Ukraine would be the stick to poke Russia. The USA needed a proxy; they created one and made the participants rich.
Provoked, Russia fell into the trap and took control of Crimea as they perceived the NATO expansion and likely control of the Black Sea as a threat. The Crimea move gave the CIA and State Dept the exact response they intended.
The Russia boogeyman was created.
But why? Why would the effort of the U.S. Government be to provoke and create this crisis?
In the biggest of big pictures, the domestic fundamental change needed it. We needed a reason to put walls around the U.S – not to keep Russia out, but to keep Americans locked in. Conflict with Russia became the Obama version of Bush’s conflict with Iraq. Putin now cast to play the role of Bin Laden.
The Patriot Act was never intended to stop foreign terrorists from attacking the USA. The Patriot Act was intended to create the DHS surveillance system for domestic control. It succeeded. The Russian sanctions were never intended to sanction Russia (and they don’t). The Western sanctions against Russia were intended to build walls around the U.S. financial system.
Ostracizing the world’s global trade currency, the dollar, from the global trade system was/is a necessary step in controlling domestic currency. If there is a threat, the government needs to respond. That’s how the crisis is created and not wasted.
Yes, what I am saying is there was a longer and deeper play afoot, a ‘trillions at stake’ game by those who control money and power, using foreign threat as the justification for something that just would not be possible without it. That’s why Trump was never allowed to breathe for a moment, whenever Russia or Vladimir Putin was mentioned. The control forces needed Trump to be adversarial to Russia, regardless of whether the threat was real. After all, it was supposed to be a willfully blind Hillary Clinton in place during this phase.
Conflict with Russia created the opportunity for the USA to create a sanctions regime that doesn’t truly sanction Russia, instead it controls the world of USA finance. At the end of that control mechanism is a digital dollar, a Central Bank Digital Currency…. and by extension full control over U.S. citizen activity. The Marxist holy grail.
That moment is closer than most can fathom, and that is exactly why the counterforce of a cryptocurrency, a rebellious mechanism for free people to exchange payment for goods and services, must be stopped by the same USG that is triggering the CBDC. Crypto is a threat. Jamie Dimon, along with all the major banks and financial institutions, is one key beneficiary that CBDC (a transactional player for fees therein) so long as JPMorgan stays on task.
Republicans, really financial beneficiaries of the largesse, oppose crypto currency.
The narrative…. Only criminals, that means those who would be defined as domestic terrorists like pesky remnants of our nation who demand freedom and liberty, would support cryptocurrency. Criminals, tax cheats, bad people support crypto. Don’t be a bad person comrade citizen. Insert vote, pull lever, get pellet, go back to sleep. You will own nothing and be happy comrade.
Yes, that’s the bigger picture.
Can it be stopped? I laugh, look in the mirror, think about the reality of how many people think this is an absurd conspiracy theory, and respond with…. How many people even know about the thing you are asking to oppose?
How many people would believe the Western sanctions against Russia were really the USG building a cage to keep us in. How about we start there. That’s my answer.
During remarks in New Hampshire, President Trump announced he would never allow the creation of a central bank digital currency. WATCH:
Of course, it should be noted….. As if the entire global system didn’t already oppose Donald Trump, this position against CBDC’s just puts an exclamation point on how the multinational financial systems will hate/oppose him even more.
This 2024 election is critical for a variety of reasons. However, high atop that list is this issue of how a dollar based CBDC is a threat to every liberty we cherish.
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
Centinel2012 