Posted originally on Sep 25, 2025 by Martin Armstrong |
The European Central Bank (ECB) is urging citizens to “keep calm and carry cash.” The ominous message is a warning of trouble ahead. Bank runs, defaults, war, grid failures, pandemics—the current banking system cannot rely on what’s ahead. “Cash provides essential redundancy – a ‘spare tire’ – for the payment system,” the study’s authors write. “This redundancy is vital for any system, as no system is infallible.”
Indeed, no system is infallible. I have been consistently warning for decades that tangible assets are a necessity. Cash is freedom, which is precisely the reason that governments want to transition to digital and CBDC. Cash is anonymous, untraceable, and outside the immediate reach of bureaucrats. The entire fight against “money laundering” and the push to link biometric data to bank accounts is a direct assault on cash. Every penny will be tracked, and if they decide you owe taxes, they can simply deduct it without a trial.
However, you cannot simply flee with cash in a suitcase as the majority of nations consider that a crime and will seize your money. Customs agents do not need evidence of a crime, and even if the courts clear you of wrongdoing, there is no guarantee you will ever receive it back. Money is whatever someone is willing to accept as payment. I have long advocated for silver coinage that is easy to carry and identifiable as one such alternative, especially valuable if the currency fails.
“The sustained demand for banknotes has been amplified by sharp increases in public demand during major crises, which highlights the unique role and attributes of physical currency,” the ECB states. The 2014-15 sovereign debt crisis in Greece led to massive bank runs, and people had no access to their funds. There were surges in withdrawals during COVID and at the start of the Russia-Ukraine wa,r and the ECB knows that banks simply do not have the liquidity to provide customers with cash in the event of a true bank run.
Central banks are issuing specific instructions for civil protection. “For instance, authorities in the Netherlands, Austria and Finland suggest holding amounts ranging from approximately €70 to €100 per household member or enough to cover essential needs for about 72 hours. Some jurisdictions, like Finland, are even exploring “disruption-proof” ATMs to ensure access during digital failures.” The ECB is keenly aware that trouble is around the corner.
The recent power outages in Spain and Portugal led to a significant disruption in the financial system. Grids will be targeted during times of war. Nations bordering Russia have seen a much higher demand for cash withdrawals, “with issuance levels reaching six to ten standard deviations above their respective historical norms.” The ECB reports that this level of deviation is “highly unusual,” but in times of panic, people hoard as a survival tactic. There was a 36% spike in daily net banknote issuance during the first month of the war. Expect this figure to multiply when it becomes obvious that the war is expanding beyond Russia and Ukraine.
Keep cash on hand for day-to-day needs, but remember that its use will be increasingly limited, and its portability across borders almost impossible. The real hedge will remain tangible assets that cannot be canceled by government. Next year will be devastating. If you are in Europe, the best thing you can do is get your affairs in order and leave immediately.
Posted originally on CTH on September 24, 2025 | Sundance
UPDATE:According to CNN, “in a new letter addressed to attorney Christopher Mattei on Wednesday, Martin withdrew his initial letter entirely. In a brief note, according to a person familiar with the letter, Martin wrote that there is no investigation of Aldenberg and “because of this, I hereby withdraw my request for information from you or your former client.” {SOURCE}
As noted in the original outline below, it wasn’t particularly smart for Alex Jones to post the letter on his Twitter account. Without much doubt the Ed Martin retraction was due to this knuckleheaded move.
— Original Outline Below —
William “Bill” Aldenberg was the lead investigator for John Durham in 2020. Bill Aldenberg was also a plaintiff in the case against Alex Jones in the Sandy Hook Elementary School shooting 2012, lawsuit and civil trial 2022.
According to a U.S. News and World Report article, “Aldenberg was among the law enforcement officers who responded to the school and found the dead children. That then led to years of abuse from people who believed the shooting was a hoax, he has said. His share of the judgment totaled around $120 million.”
Bill Aldenberg was the first witness in the 2022 case against InfoWars. Alex Jones and InfoWars lost the lawsuit and were punished by a $1.4 billion damage award to the plaintiffs. InfoWars filed bankruptcy and the arguments over liquidation of assets is underway in Texas.
Here’s where things get weird. We know the FBI was conducting an operation called “Arctic Frost,” essentially the targeting of Donald Trump and key figures who aligned with Trump in the aftermath of the 2020 election. {Citation}
It is widely suspected, the massive amount of evidence captured in the Arctic Frost operation, was eventually fed to the January 6th Committee for use in their expanded investigation. That evidence then underpinned the case against President Trump that was being assembled by Jack Smith. {Go Deep}
Essentially, operation Arctic Frost was the evidence gathering operation, then the J6 Committee and special counsel Jack Smith used the FBI evidence to frame their cases. [Readers will note, this process is similar to the FBI “Crossfire Hurricane” operation, which fed evidence to special counsel Robert Mueller, to frame their cases.]
Back to FBI Investigative Agent William Aldenberg, who was lead for John Durham.
DOJ attorney Ed Martin is looking at the connective tissue around all of the FBI targeting operations. He now asks the lawyers for William Aldenberg about details of their client’s involvement in the case against Alex Jones.
Alex Jones posted a copy of the letter on his Twitter [X] feed, along with a picture of him and Ed Martin. A rather knuckleheaded move by Jones considering how Ed Martin says in the letter he would prefer not to litigate the issue in the media. Then again, wisdom and sound judgement have never been Jones’ strong points.
Really, it’s a convoluted mess making the serious issues around Arctic Frost get lost in the weeds. Then again, perhaps that is a feature not a flaw. Many people, CTH included, view Alex Jones through the prism of compromise ever since the $1.4 billion sword of Damocles was established over his head.
(USN&WR) – […] Ed Martin Jr., who leads the Justice Department’s “weaponization working group,” asked in the letter whether retired agent William Aldenberg received any financial benefits from helping to organize the lawsuit, in which he was a plaintiff along with victims’ family members.
Aldenberg, like the parents and other relatives of the 20 children and six educators killed in the 2012 school shooting in Newtown, Connecticut, has been the subject of false conspiracy theories spread by Jones on his “Infowars” broadcasts.
Aldenberg was among the law enforcement officers who responded to the school and found the dead children. That then led to years of abuse from people who believed the shooting was a hoax, he has said. His share of the judgment totaled around $120 million.
In a Sept. 15 letter to Christopher Mattei, a lawyer who represents Sandy Hook families, Martin suggested he was scrutinizing Aldenberg’s role in the lawsuit.
Mattei responded to the letter in a text message to The Associated Press.
“Thanks to the courage of the Sandy Hook families, Infowars will soon be finished,” he said, referring to the families’ efforts in court to liquidate Jones’ assets to help pay the judgment. “In his last gasps, Jones is once again harassing them, only now with the corrupt complicity of at least one DOJ official. It’s as disgusting as it is pathetic, and we will not stand for it.” (more)
Posted originally on CTH on September 24, 2025 | Sundance
I have continued to point out that Chad Mizelle was Rod Rosenstein’s chief legal counsel during the first term of President Trump. As Rosenstein’s legal counsel, it was Chad Mizelle who literally wrote the “scope memos” that authorized the appointment of Robert Mueller as special counsel to investigate President Trump.
Mizelle also wrote the expanded scope memos for Mueller and Andrew Weissmann that permitted the targeting of Michael Flynn Jr, Michael Flynn, George Papadopolous, Paul Manafort and more. Chad Mizelle would have intimate knowledge of Rosenstein’s intent to hire Robert Mueller, before, during and after the Special Counsel was appointed.
Because of everything above, Chad Mizelle was always looked at with strong suspicion. There is no way to intellectually reconcile Chad Mizelle as a good faith actor knowing the intents and purposes of Robert Mueller. It just didn’t make sense.
Subsequently, when Chad Mizelle was selected to guide Attorney General Pam Bondi through the nomination process as Attorney General we watched with concern. After the successful confirmation, Mizelle then took up position as AG Pam Bondi’s Chief of Staff.
[It should also be noted that Chad Mizelle is reported to be very close friends and allies with Stephen Miller. Yet, another irreconcilable aspect.]
On September 20th, President Trump sent a seemingly frustrated Truth Social message, outwardly questioning the slow to non-existent reality that Main Justice was not holding the bad actors within the Lawfare operation accountable.
Three days later, it is now reported that Chief of Staff Chad Mizelle is departing Main Justice.
WASHINGTON – Chad Mizelle will leave as chief of staff at the Department of Justice in the next few weeks to return to his family in Tampa, Axios has learned.
Mizelle, a key ally of White House deputy chief of staff Stephen Miller, told us he’ll continue to support the Trump administration’s work, and plans to continue “exposing the left-wing groups responsible for violence across America.”
Bondi says Mizelle “served this Department with professionalism, sound judgment, and dedication. As Chief of Staff, Chad played a central role in coordinating the Department’s operations, ensuring its resources were aligned and our efforts were carried out with integrity and efficiency. His counsel strengthened our work to advance justice and protect the American people. I am grateful for his service and friendship.”
Todd Blanche, deputy attorney general, said: “Chad’s tenure at the Department has been marked by exceptional leadership and dedication to the Department. He provided Attorney General Bondi and all of us with outstanding counsel, and his steady hand helped guide our work. Chad played a key role in advancing the President’s America First agenda here at the Department, and his efforts strengthened our mission to protect the American people.” (link)
All of that may be true. However, it is also true that without Chad Mizelle there would never have been a Robert Mueller investigation and expanded scope memos for Andrew Weissmann.
Curious timing when contrast against President Trump’s statements a few days prior.
President Trump’s social media post: “Pam: I have reviewed over 30 statements and posts saying that, essentially, “same old story as last time, all talk, no action. Nothing is being done. What about Comey, Adam “Shifty” Schiff, Leticia??? They’re all guilty as hell, but nothing is going to be done.” Then we almost put in a Democrat supported U.S. Attorney, in Virginia, with a really bad Republican past. A Woke RINO, who was never going to do his job. That’s why two of the worst Dem Senators PUSHED him so hard. He even lied to the media and said he quit, and that we had no case. No, I fired him, and there is a GREAT CASE, and many lawyers, and legal pundits, say so. Lindsey Halligan is a really good lawyer, and likes you, a lot. We can’t delay any longer, it’s killing our reputation and credibility. They impeached me twice, and indicted me (5 times!), OVER NOTHING. JUSTICE MUST BE SERVED, NOW!!! President DJT“
Laura Loomer never had an issue with Chad Mizelle.
Posted originally on CTH on September 23, 2025 | Sundance
Tucker Carlson’s team have been investigating the events of 9/11. Today they release the first segment of a multi-phase docuseries.
A former FBI agent who was embedded in the CIA’s Bin Laden unit, Mark Rossini, claims the CIA was fully aware that the 9/11 hijackers were in the United States planning an attack. Rather than inform the FBI, the CIA tried to recruit two of the hijackers for a “false-flag” operation, which quickly spiraled out of control. The failed mission raises urgent questions about government secrecy, intelligence failures, and what really happened before 9/11.
Posted originally on CTH on September 23, 2025 | Sundance
The Democrats are threatening to refuse to support a stopgap spending measure to extend federal spending. President Trump is calling them out and refusing to meet with them until they get serious about it.
After passing a clean CR in the House, Republicans in the Senate are pushing a “clean” seven-week continuing resolution, which they say will buy time for more negotiations on full-year spending bills and possibly an extension of expiring health insurance subsidies. Democrats, meanwhile, wrote an alternative four-week punt that tacks on a laundry list of other demands, including a permanent extension of the insurance subsidies.
Should the government shut down, Office of Management and Budget Director Russ Vought will determine which elements and agencies of the government are considered essential and which will be shuttered until the budget is extended.
President Donald Trump– “After reviewing the details of the unserious and ridiculous demands being made by the Minority Radical Left Democrats in return for their Votes to keep our thriving Country open, I have decided that no meeting with their Congressional Leaders could possibly be productive.
They are threatening to shut down the Government of the United States unless they can have over $1 Trillion Dollars in new spending to continue free healthcare for Illegal Aliens (A monumental cost!), force Taxpayers to fund Transgender surgery for minors, have dead people on the Medicaid roles, allow Illegal Alien Criminals to steal Billions of Dollars in American Taxpayer Benefits, try to force our Country to again open our Borders to Criminals and to the World, allow men to play in women’s sports, and essentially create Transgender operations for everybody.”
“These Radical Left Views and Policies is what allowed me to win the Presidential Election, including all seven Swing States, and the Popular Vote, IN A HISTORIC LANDSLIDE. There are consequences to losing Elections but based on their letter to me, the Democrats haven’t figured that out yet. They are trying to eliminate the popular $50 Billion Dollar Rural and Vulnerable Hospital Fund, which was passed with only Republican Votes, and proudly signed into Law by ME.
The Democrats in Congress seem to have totally lost their way. They obviously have no idea what it means to put America First or to MAKE AMERICA GREAT AGAIN! All Congressional Democrats want to do is enact Radical Left Policies that nobody voted for — High Taxes, Open Borders, No Consequences for Violent Criminals, Men in Women’s Sports, Taxpayer funded “TRANSGENDER” surgery, and much more. Few people voted for what they represent, which would lead to the destruction of America.
Instead, people voted for COMMON SENSE, and that’s what the Republicans and your President, “DONALD J. TRUMP,” stand for. I look forward to meeting with them if they get serious about the future of our Nation. We must keep the Government open and legislate like true Patriots rather than hold American Citizens hostage, knowing that they want our now thriving Country closed.
I’ll be happy to meet with them if they agree to the Principles in this Letter. They must do their job! Otherwise, it will just be another long and brutal slog through their radicalized quicksand. To the Leaders of the Democrat Party, the ball is in your court. I look forward to meeting with you when you become realistic about the things that our Country stands for. DO THE RIGHT THING!”
Posted originally on Sep 23, 2025 by Martin Armstrong |
Thailand has become a case study for the use of biometric data in every facet of life. Every banking transaction is monitored and scrutinized. Any perceived discrepancy is flagged as fraud and punished without due process. Regulations have overwhelmed the system, resulting in a full-fledged banking crisis. Over three million Thai bank accounts were frozen instantaneously without warning as a result of government overreach.
Transaction denied. You contact your bank to see why the payment failed only to learn that your account has been frozen–all of your accounts, for that matter. The bank is investigating you for suspicious activity and potential money laundering or fraud. There was no warning call or letter and there is no clarification as to what transaction was flagged. You’re completely locked out of your accounts and have lost the ability to purchase. You cannot fill your gas tank, you cannot purchase groceries, you’ve been completely removed from the financial system, and do not know when or if you’ll regain access to your funds.
This is the reality for millions of people banking in Thailand. The Bank of Thailand (BoT), with the Cyber Crime Investigation Bureau and the Ministry of Digital Economy and Society, began an excessive crackdown on perceived fraud and streamlined the process under the premise of safeguarding the banking sector. Thousands of accounts are frozen each week. Panic has ensued. Retailers are no longer accepting cards, demanding payment in cash as they, too, are worried that they will be removed from the banking system.
Assistant Governor of the BoT, Darunee Saeju, publicly stated that the central bank is working to “immediately unlock wrongly affected accounts.” Saeju insists that new measures will enable the banks to verify accounts in under 48 hours. Confidence in the government and the entire banking system evaporated. People rationally fear that their account will be targeted next, without warning. Government overreach has backfired, and the people are removing themselves from the banking system entirely.
This phenomenon is not limited to Thailand. Vietnam recently erased 86 million unverified bank accounts. Governments are demanding banks track every transaction, tracing each account back to individual citizens using biometric data. The government believes these provisions will prevent capital from leaving the radar and, therefore, taxation. Instead, governments are propelling the cycle amid this private wave, as the people cannot possibly trust the current financial system.
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