Many people have written in to ask about precious metals, what to buy, and where to store them. A number of people ask about storing at the Perth Mint or some designated metal storage facility. There are many different places for storage. However, I would not store anything with any government facility whatsoever. Even when gold was confiscated in 1934, they seized all gold on deposit at any bank. This is what gives me great pause of even storing gold in a bank safe deposit box or at any designated metal facility.
I know that many gold bugs keep spinning stories desperately against me and are trying very hard to prevent anyone from reading our sites. They are acting no different than YouTube or Twitter. That simply means that they cannot argue facts, so kill the messenger.
I have been warning that there is no RULE OF LAW. The government will do whatever it wants and there is no law that will ever protect you. You must remember, that they will do whatever they need to do to survive. I suggest watching “The Report” by Amazon. That exposes how the CIA was torturing people against international law and lying to Congress to cover it all up. Nobody was ever prosecuted and the guys doing the torture got $80 million for doing so.
We all know that the bankers are protected in New York. NEVER has a banker gone to prison for anything they have done. Because they were illegally trading in our accounts parking even $500 million losses in my account over the weekend and claiming it was an error and backing it out on Monday, exposed how corrupt things were in New York. Then because I threatened to sue the bank, they flipped it and claims trading losses were mine and admitted their people conspired with me to hide the losses. When it came out that the accounts were mine and not accounts of clients, their story fell apart. Nevertheless, they seized our company, through me in civil contempt for 7 years on a statute that said 18 months maximum, and when my clients supported me against the bank they put a lifetime gag order on me to prevent me from helping my clients against the bank. The bank pleas guilty and HSBC returns all funds, no fine, and no bankers ever went to jail. The same with the CIA.
They can torture you, kill you, or steal all your money. Nobody will ever be charged nor will they ever go to prison. This is the reality of the world we live in. Here is a message from a member of Parliament in Britain. We are looking at the repeal of all rights in Britain, Australia, Canada is moving with internment camps as is New Zealand. They desperately want to do the same in the United States if they can get rid of Trump. Welcome to the “New Norm” it is just out in the open.
When it comes down to store your metals, I would not leave it in any government facility or designated metal storage. They will know where to find it.
QUESTION: Do you see the Fed moving to digital currency and perpetual bonds simultaneously with other nations? I think it would be harder to pull off here, but then again, they may have no choice. I guess they have a lot of reasons to get rid of Trump, but there’s more on the side of rejecting it, at least for now.
Interesting that a few analysts, websites, newsletters… have been calling for a Fed move to digital, as soon as November 5th or January 2021. Seems optimistic. However, I haven’t heard anyone mention bond default through the transition to perpetual.
E
ANSWER: No. First of all, the US debt market is the only game in town. Europe has destroyed its bond market as has Japan. That is why they are trying to get rid of Trump to further their globalist agenda. However, the conservative Democrats will also reject it as well. Our political report will be up for sale on Monday which is not just 2020, but the next 12 years, The arrays are shocking when we run them on politics. There is an increasing risk that the Democratic Party will split just as the Republicans did in 1912 when Teddy Roosevelt started his Progressive Party. The Democrats face the same crisis – conservative (middle of the road) v extreme socialist left.
There are a host of problems. They cannot move to digital so easily because over 60% of paper dollars are outside USA used globally as the alternative. Today, the Treasury and Board of Governors staffs estimate that about 60% of all U.S. banknotes in circulation, or around $500 billion and growing, is held outside the United States. U.S. banknotes are the #1 hedge against the currencies in Europe and Asia because the USA has never canceled its currency so a $100 bill from 1934 is still valid which is not the case for any nation in Europe. The US printed $1,000, $5,000, and $10,000 notes in 1934 which are still legal tender.
It is not so easy for the USA to move digital and at best, it would have to be a two-tier system without canceling the paper money.
QUESTION: Interest on savings instruments (i.e. CD) for 1 yr terms is non-existent at <= 1.0%. Why would interest rates increase in a digital currency system/world?
IS
ANSWER: The only reason rates would rise is by simultaneously converting the debt to perpetual. They have to end Keynesian Economics. They cannot raise rates as long as they have to buy the debt as in Europe. Therefore, we see most countries preparing for the real BIG BANG which is the default on dent by converting outstanding debt to perpetual, then they no longer need to artificially suppress interest rates they cannot raise if the debt is still issued.
I tend to get called in because they know I will say the truth. I do not take funds from any group and we pride ourselves on independence. It is a club because unless you have been called in by one government you will not get into others. Very interesting criteria. Nevertheless, I believe you will see this simultaneously. A digital currency swap will allow then the perfect excuse to change the debt structure and then they do not have to outright default.
Big Bang began in 2015.75 within about one year of them moving to negative interest rates in 2014. The next crack is due 2021 and the big break post-2024. We are now entering the next phase and we are running out of time. That is what these lockdowns are really about. They know civil unrest will rise when the public realizes that the old financial systems are collapsing.Categories:Bonds
The New York Times cheered Stalin and constantly reported that this was the way to the future. They are supporting once again this move to a Marxist Utopia. The New York Times hid the truth about Stalin. His great economic miracle was achieved by taking all the food from Ukraine to pretend Communism was working in Russia causing over 7 million to starve to death.
So many people are really just ignorant. They think this election is about picking Trump v Biden. They are clueless because mainstream media is once again supporting this agenda of the Great Reset. Listen carefully to Schwab’s words. He expressly states “equality” which is the dream which began with Karl Marx.
The New York Times cheered Stalin and constantly reported that this was the way to the future. They are supporting once again this move to a Marxist Utopia. The New York Times hid the truth about Stalin. His great economic miracle was achieved by taking all the food from Ukraine to pretend Communism was working in Russia causing over 7 million to starve to death.
I strongly recommend you watch the movie Mr. Jones. This exposes the TRUE STORY of how the New York Times tried to support Communism in the United States back then, with their top journalist, Walter Duranty (1884-1957), who was their main man in Moscow. The New York Times promoted him to be awarded the Pulitzer Prize for that reporting on how Communism was Utopia and our future. When Gareth Jones (1905-1935) in March 1933 reported this was all a lie, the truth finally began to appear.
It took the New York Times until 1990 to admit to that their reporting which covered up the truth about Stalin and the massive starvation in an effort, like Schwab, once again selling “equality” as our salvation. The New York Times covered up the more than 7 million people who died of starvation in the Ukraine famine. The New York Times wrote that their reporting on the Russian Revolution constituted “some of the worst reporting to appear in this newspaper.” They never revoked his Pultizer Prize for writing fake news about Stalin.
It was the New York Times’ Walter Duranty who also met with Franklin Roosevelt and supported the move toward Marxism in the United States as the “New Deal”. It was the New York Times’ Duranty that helped install drastic progressiveness in taxation in the United States following Marx, Lenin, and Stalin. This is precisely what Schwab is proposing with “equality” in league with his buddy, Thomas Piketty.
So many people are really just ignorant. They think this election is about picking Trump v Biden. They are clueless because mainstream media is once again supporting this agenda of the Great Reset. Listen carefully to Schwab’s words. He expressly states “equality” which is the dream which began with Karl Marx.
The New York Times cheered Stalin and constantly reported that this was the way to the future. They are supporting once again this move to a Marxist Utopia. The New York Times hid the truth about Stalin. His great economic miracle was achieved by taking all the food from Ukraine to pretend Communism was working in Russia causing over 7 million to starve to death.
I strongly recommend you watch the movie Mr. Jones. This exposes the TRUE STORY of how the New York Times tried to support Communism in the United States back then, with their top journalist, Walter Duranty (1884-1957), who was their main man in Moscow. The New York Times promoted him to be awarded the Pulitzer Prize for that reporting on how Communism was Utopia and our future. When Gareth Jones (1905-1935) in March 1933 reported this was all a lie, the truth finally began to appear.
It took the New York Times until 1990 to admit to that their reporting which covered up the truth about Stalin and the massive starvation in an effort, like Schwab, once again selling “equality” as our salvation. The New York Times covered up the more than 7 million people who died of starvation in the Ukraine famine. The New York Times wrote that their reporting on the Russian Revolution constituted “some of the worst reporting to appear in this newspaper.” They never revoked his Pultizer Prize for writing fake news about Stalin.
It was the New York Times’ Walter Duranty who also met with Franklin Roosevelt and supported the move toward Marxism in the United States as the “New Deal”. It was the New York Times’ Duranty that helped install drastic progressiveness in taxation in the United States following Marx, Lenin, and Stalin. This is precisely what Schwab is proposing with “equality” in league with his buddy, Thomas Piketty.Video Player
Anyone who thinks this is an election of just Democrat v Republican is a fool. There is a serious agenda behind these lockdowns and they have been intended to prevent commuters and to crush the world economy. Even Australia rules out international travel at least until the end of 2021. All of this is to reduce air travel to reduce CO2. This is the real agenda that Schwab has been selling behind the curtain. He will probably go down in history surpassing the death toll of Karl Marx. His lockdowns have already reduced the food supply and this raises the prospect of famine coming into play by 2022.
Even in the midst of Government Mandatory Lock Down, with some people fearful they will contract Covid-19 from their own relatives, others are beginning to hear the still haunting strains of Bill Conti’s masterful ‘’Gonna’ Fly Now’ ‘Rocky’ theme.
Lost on self-centred arrogant Democrats: Just about everyone loves an Underdog—particularly Underdogs repeatedly targeted by a Democrat-media gang-up.
Deranged Democrats with the help of Hollywood and their running dog media have thrown everything except the proverbial kitchen sink at President Donald John Trump over the past four years.
Every vile smear has ricocheted back to home base, home base being the DEMOCRAT PARTY
Every vile smear from the early-day Stormy Daniels one, through RussiaGate and Impeachment, all the way to the most recent attempt to frame the President of the United States as the world’s top Covid-19 infector has ricocheted back to home base, home base being the DEMOCRAT PARTY.
Giddy with the prospect of getting back into power, confident that Michelle Obama’s Mail-in Vote will give them enough votes for a Biden-Harris win; self-assured that now they got away with it once, they can lock down the whole country anytime they want, Democrats of our day have convinced themselves that NO ONE can stop them.
With no social distancing restrictions that apply to them, they’re already planning Election Night Whoopee! Parties and fireworks. It’s only a matter of time they think before they can lay a laurel wreath on the befuddled head of Joe Biden, knowing it wont’t be long before they can knock it off and crown Sen. Kamala Harris as their long-awaited First woman U.S. president.
To the victor go the spoils, in this case, soils. Democrats don’t have to worry about patriot insurrection, their BLM/Anita street mobs will take care of that.https://www.youtube.com/embed/KPhqU–Mq1A
But it I will take more than a Socialist Village to bury the landslide vote for President Trump
The yahooing and partying will continue as long as it takes to count the vote.
On Election Night, the media—including Fox News ,home of Chris Wallace—will spread the Fake News that Donald Trump is a goner.
Squeals of joy will erupt over the fruited plains on Election Night., from which Hillary Clinton can be heard barking like a dog.
But it I will take more than a Socialist Village to bury the landslide vote for President Trump.
The Democrat-media gang-up are truthfully and tragically unaware that their entire 2020 election strategy has already started to backfire on them: their hate spewing, name calling and attempted character-assassination of a duly elected President has, in the end, made him The Underdog.
It’s part of human nature that the masses love underdogs.
Not only are the hundreds of thousands who line up to see their president, hundreds of boat and car parades a testament to that, but now Hillary’s “deplorables” are spontaneously chanting to Trump, “We love you!”
President Donald Trump could be the most beloved underdog in all history
President Donald Trump could be the most beloved underdog in all history.
And the epic story doesn’t end there:
What will the seriously disgruntled do when realization hits home that Barack, Michelle Obama, Hillary Clinton, Nancy Pelosi, Adam Schiff and Company were on a track whose strategies proved useless; that it was mostly just the Democrats, Hollywood and media who hated Trump while We the People went on loving him?
Just for starters:
Welcome to a new 2020 Hollywood, where not just Covid-19 keeps fans in darkened theatres from watching Hollywood heroes and heart throbs in mostly empty rows of seats.
Hollywood’s going bankrupt and is selling out to Communist China.
People are not willing to pay for Politics masquerading as Sports anymore as in football, basketball and baseball.
The whole world’s going bankrupt and will continue to do so as long as Lock Downs keep people from getting back to family-supporting jobs.
The Hollywood, Democrat-media gang-up may remain impervious to their own self-destruction, but the watching world is not.
Even though the masses may have to wait days, weeks or even months for news that Donald Trump won on Election Night, millions will get to say, ‘Welcome back to the Oval Office, PRESIDENT Donald Trump and call 2020 as ‘The Year of the Underdog’.
This is the Real News we’ll all be waiting for— no matter how long it takes because at the end of the day we know that “Patience gains all things!”
Politically, there have been essentially two kinds of uprisings. Each prompted by widespread dissatisfaction and hardship. One restores freedom and economic success. The opposite has been malignant revolutions; exampled by brutal dictatorships in France in the late 1700s and in Russia beginning in the early 1900s. In these, neurotic intellectuals turned existing dissatisfaction unto bloody horror shows and bureaucratic tyrannies.
Extraordinary attempt by control freaks to destroy a constitutional republic in order to impose authoritarian government
Taking advantage of crisis is not new, and there is more to the pattern.
In Europe, on every authoritarian experiment, the governing classes granted themselves the privilege of state murder.
Since 2016, America’s Left has been using every arrow in its quiver to bring down an elected president. In startling contrast, it now has the audacity to accuse Trump of possibly blocking the next transfer of power.
The most recent successful benign uprising occurred in 1989 when ordinary folk who were unarmed took on an armed and murderous police state. The symbol was bringing down the Berlin Wall, when controlling swamp critters suddenly lost the will to impose authority.
Suggesting hope for the current struggle for freedom.
Another example was England’s “Glorious Revolution” of 1688, which took down the last absolutist king. He had threatened to use French troops (globalism) in England. Seeing the political tide turning against him, King James reluctantly sought authoritarian solace in France.
Regrettably, the past few decades have recorded an extraordinary attempt by control freaks to destroy a constitutional republic in order to impose authoritarian government. This has now become so intense as to inspire another benign popular uprising. Which shocked the establishment in 2016.
More recently, Venezuela has been controlled to destitution
Will reform again be successful in November?
In order to remove any ambiguity of political banners such as Democrat or Republican, Bernieism or Bidenism, physics provides a practical definition of a totalitarian system.
“That which is not compulsory is prohibited.”
Which elegantly covers every political ambition from Communism to schoolboards. And, sadly, such ambition is now using any excuse to overwhelm constitutional norms. Bad weather and another influenza are caused by too many politically incorrect people.
The economic shutdown is the most severe since the 1930s famines when Bolsheviks forced Lysenkoism upon Russia’s agriculture.
More recently, Venezuela has been controlled to destitution.
The point to be made that in full fury authoritarians don’t care how much hardship they create, just so long as they are in control. Personal ambition that thrives on disasters it causes. And the governing classes have become, well, ungovernable. But living well.
China’s revolution in the 1960s was guided by Mao’s “Great Leap Forward”. In 2011, Obama boasted about his form of community organization whereby “activist government could also be smart government”. The wonders of activism have been evident in Portland and other Democrat cities.
Soviet troops, tanks and machine guns put each attempt at reform down. Murderously
“Smart” is waiting discovery.
Obviously, the Left’s blatant ambition is causing shocking unemployment. With enough dissatisfaction to prompt an exceptional exodus from city-cores being ruined by Democrat activists. That some are voting with their feet and if these political refugees don’t take their socialist votes with them, they could become part of the reform movement. Without the dislocation of moving, an easier step is to break the spell and vote for reform.
Has the seemingly endless intrusion of in-your-face and in-your-wallet government become damaging enough to inspire another success by the benign popular uprising?
As reviewed above, these have included breathtaking reforms in 1989 and in 1688. Tragically, some benign uprisings were brutally quelled. Examples include East Germany in 1953, Hungary in 1956 and the one with the most hope was the “Prague Spring” of 1968.
Soviet troops, tanks and machine guns put each attempt at reform down. Murderously.
This was one of the points in American Spring published by this writer on July 2, 2016. The rhetorical question about an “American Spring” being quelled brutally as in Prague was rejected. But the attempt to overwhelm America’s constitutional regard for freedom and limited government has been staggering. Even becoming fanatical in using any ploy to depose an elected president.
Quite likely the equivalent has been unseen in some 200 years of parliamentary history in America, Canada or England.
Left, in all its apparitions, has gone berserk
Another question in the 2016 article asked about the likelihood of Trump winning and the answer was in “Flyover” vernacular – “You bet!”.
And the Left, in all its apparitions, has gone berserk. Hitherto, intruding authoritarians suffered little popular opposition. But since being hit by a widespread “No!” the Left has been thrashing around in a tantrum usually limited to four-year-old-children.
Moreover, the intrusion using weather and influenza fears has been the most radical in the senior economy since the last great experiment in authoritarian government in the 1500s. However, by the early 1600s in England statist intrusion became altogether too much with popular opinion eventually accomplishing a great reformation.
Lately, the Left’s ambition seems similar to the early stages of the French or Russian Revolutions. Which is dangerous. Perhaps this is again becoming “too much”, inspiring another successful phase of the benign popular uprising. Will it be strong and soon enough to win the presidency?
In January this seemed probable, but the use of the Wuhan Flu in imposing authority has been remarkable. Dems are also using the contrived crisis to corrupt voting.
Left’s urgent mission prohibits criticism and debate, while obedience to dogma is compulsory
So, it comes down to having enough ordinary folk seeing through the gaming of fear and the rigging of the electoral system to prevail. Hitherto, elections in the two party system provided middle-of-the-road platforms. Issues were debated.
But now the Left’s urgent mission prohibits criticism and debate, while obedience to dogma is compulsory. With opposition being banned a Democratic win would end America as a constitutional republic—a political tragedy.
On the longer term, previous benign uprisings advanced when the experiment in unlimited government literally destroyed the economy. Which prompted a great reform of, as the Brits called it in the early 1600s, “Tyrannical Duncery”.
Too much of the latter is being imposed these days, but history suggests that another great reformation is underway.
QUESTION: Mr. Armstrong; You went from the most renowned economist in the world to a conspiracy theorist and now you are being regarded as the guy who really had the sources about the virus. Your sources about Russia and Ukraine turned out to be true. Your career is a cycle in itself. It has taught me that other sites like ___ ___who used to quote you and stopped are not worth my trust anymore. They seem to have an agenda. What’s next? You say these guys will not win. Do you have a timeframe?
Thank you for being straight when others are not
BK
ANSWER: It has been a campaign against anyone who questioned the virus narrative. I am not sure this particular site you mentioned specifically stopped quoting me because of COVID. It was probably because they are married to gold and inflation and, like YouTube, they do not want to quote people they disagree with. That is dangerous because they then become no different than what we see with COVID censorship. So, I don’t think they are conspiring because of COVID. They just sell the gold agenda and refuse to look at the possibility of what they have been saying has been the standard sales pitch since 1971. There are some sites pretending to be analysts but are being paid to take a particular view covertly. I do not believe they are one of those. Just a difference of opinion and philosophy.
Now that aside, we began picking up the unusual activity in capital flows in August 2019. By December our sources were talking about a virus and there was selling from key players that was very unusual. By January our sources were saying they were using our model to time the sale – January 18, 2020. By February, they were bragging about selling the high but saying at first they did not want to be greedy so that is why they sold. But they sold bonds as well so that was showing there was a deep concern that government debt would get in trouble – not the standard flight to quality. This time it was just to cash.
The economic damage is far greater than anyone expected. The powers in central banks are now scared to death about what happens when restrictions are lifted. So many lower-income people have lost their jobs. They have been forced into even greater poverty. We do not see the labor market coming back until the next turn in 2022. There will be food shortages that expand and we will see prices rise because of SHORTAGES rather than a booming demand from a robust economy.
Trump will probably win the in-person vote, so behind the curtain, they are focusing on trying to win the Senate. They need that to try to curb the investigation into the massive level of corruption.
Still, that said, some states like New Jersey are so corrupt they will NOT allow in-person voting. Everyone has to do the mail-in ballots. There will be no booth voting so there is no way they will have a count by November 3rd. This is part of the plan to be in a position to challenge the election to prevent a Trump victory at all costs. Between November into January, this will get nuts.
These real conspirators pulling the strings behind the curtain need Biden to win. This is about the Great Reset. I know what I am talking about. This is really an all-out war for the future. It’s not that Trump is a fantastic person. This is about he is simply standing in the way against these people who are out to steal our future. Anyone who votes for Biden blindly will be no different than the Russian who thought communism would bring Utopia. They suddenly discovered the only way to oppress the rich was that they too had to be oppressed and surrender all their rights.
The high tech companies are all in with Biden. Both Facebook and Twitter removed the New Your Post because it was against Biden. I personally have had enough of these companies. They have no right to censor the news. They are trying to turn the country into Communist Russia. Free Speech means I may not agree with the left, but they have an ABSOLUTE right to freely speak their position. They are lucky I am not President. I would revoke their licenses and investigate if they have been acting covertly with political entities to reshape the news. That to me is treason against everything the people are entitled to. I do not agree with Hillary, but she has a right to speak. That is what freedom is all about.
Here we have yet another person pushing the climate change agenda who also has no scientific background to question the very words he is speaking. This is not a movie script to read. He too is trying to use his star-status to force people to lose their jobs and has been also a speaker at Schwab’s World Economic Forum in Davos. This has been the agenda and they are pushing this on world leaders bypassing any democratic process. For these people see us as the great unwashed and we are too stupid to understand what they so brilliantly have come to understand.
QUESTION: Marty, you mentioned several times now, that the ECB MUST convert to a digital Euro. I have done speeches about that based on a paper from the IMF (Christine Lagarde) last year, in which they too discuss how to do it. But I have a serious question regarding timing.
I live in Germany and I would say that WE (the country) are not ready for such a move yet. Let alone many people. I have people in my family who still don’t have smartphones (just plain mobile).
I am completely with you that this move is coming (I am also part of a crypto community but as a critical member (I am the party spoiler there)).
But how can they move to a digital Euro to prevent bank runs, when I can’t see the infrastructure in place to do so.
Especially in such a short amount of time rg. the date you mentioned. They can eliminate cash withdrawals, yes, but paying with my smartphone reguires technology .. ?
Thanks a lot,
A
ANSWER: We are talking about bureaucrats. They only think in concepts much like Klaus Schwab’s Great Reset. The practical application of what they are doing is not there. They lack even the infrastructure, as in California, to force all cars to be electric. They do not have the power grid to support that.
I was in meetings where they actually told me with a straight face that they had to take trading the Euro away from Britain. I asked if they were going to take it away from the USA, Japan, Hong Kong, Singapore, etc? They looked at me puzzled, and said no! Just Britain. I asked if they really wanted to control the Euro just convert it into the old Soviet Union ruble. No free market at all.
Then there was all the rage that in London the big banks all threatened that they would move their trading to Frankfurt if BREXIT took place. But again, neither Frankfurt nor Paris has the telecommunication capacity of London. They could not possibly set up shop in Europe. There is no infrastructure to match London.
The problem that is the hidden crisis is that they have DESTROYED their own bond market. The ECB cannot even allow its balance sheet to shrink as debt matures. The Federal Reserve was not rolling over the debt they bought back in the 2007-2009 crisis. As it matured, they cashed it in.
The ECB is trapped. It cannot shrink its balance sheet for there is no market for the debt. They have finally agreed to fund this Coronavirus destruction they organized by creating combined Euro Debt for the first time. That is because nation-states cannot raise the capital.
They lack the infrastructure on every front. That does not mean they will not try. They have run out of opinions. They are desperately trying to revive their debt market, but they have wiped it out with negative interest rates since 2014.
This is what I keep warning about. INFLATION has nothing to do with the money supply any longer. Those are an old idea from the time of Gresham’s Law in advising Queen Elizabeth not to debase the currency as her father did.
We must understand that the exchange value between the various currencies back then was the metal content. Therefore, inflation was a factor of the exchange rate rather than the money supply. The more the coinage was debased, the more people hoarded the old currency. Hence, Gresham’s Law became that bad money drives out good. As this process takes place, the money supply DECLINES because of hoarding. This forces the state to debase even more to create money to pay its expenses. Roosevelt confiscated gold in 1934 for the same reason – people were hoarding gold. The German hyperinflation was the result of the 1918 Communist Revolution which scared people and they converted their money to foreign currencies and hoarded precious metals. The greater the hoarding, the more the money supply shrank, which in turn forced the government to print more.
We find hoards of Roman coins during the 3rd century in particular after Valerian I (253-260AD) was captured by the Persians. That broke the confidence of the Roman people and other barbarian tribes in the north saw the weakness and began to invade.
The coinage collapsed in metal content in just 8,6 years. We find hoards of even the debased coinage because people lost confidence in the government. We see the very same patterns in human behavior over and over again.
This is a hoard of Arab gold dinars. We see always the same pattern of hoarding when there is a decline in the confidence of the government in power at that time.
The ECB can cut rates to try to stimulate and that failed. People are hoarding cash in Europe and that creates deflation. There is NO AMOUNT of money that can be created to offset the DEFLATION when people lack any confidence in the future. Then they are imposing this “New Norm” of lockdowns and destroying jobs and they actually expect to sell debt and keep interest rates at negative and somehow this will stimulate the economy they have worked so hard at destroying? The increase in the money supply of all these central banks is still less than 20% of the economic contraction globally.
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
