COMMENT: I cannot affirm that Boris has read your book Manipulating the World Economy, but it has been seen in 10 Downing Street.
Annonymous
REPLY: I don’t doubt that. There was a group buying copies to send to members of Parliament.
The member states of the United Nations plan to adopt a declaration next week marking the 75th anniversary of the United Nations and committing to a reinvigorated multilateralism, according to UN Secretary General Antonio Guterres. They will also invite the Secretary General “to report on our common agenda for the future,” Mr. Guterres told reporters at a press conference in which reporters participated both in person and virtually. “This will be an important process of reflection and I will report back with analysis and recommendations.”
One wonders why the Secretary General is not already prepared to offer his concrete analysis and specific recommendations for keeping the UN relevant in the years ahead. It’s not as if he is new to the job. Secretary General Guterres is in his fourth year of a five-year term and presumably has already been thinking ahead to a possible second term. However, the Secretary General was short on specifics in his opening remarks to reporters. He fell back instead on his usual platitudes, calling for global solidarity to deal with climate change, the coronavirus, a global ceasefire, eradicating poverty and the like. Secretary General Guterres said nothing about trying to fix the UN’s own problems of trust caused by its lack of accountability for misdeeds by UN personnel and its lack of transparency.
“People are thinking big – about transforming the global economy, accelerating the transition to zero carbon, ensuring universal health coverage, moving towards a universal basic income and making decision-making more open and inclusive,” Secretary General Guterres said. “They are also expressing an intense yearning for global solidarity – and rejecting go-it-alone nationalist approaches and divisive populist appeals. Now is the time to respond to these aspirations and realize these aims. In this 75th anniversary year, we face our own 1945 moment.”
The Secretary General presented a false choice between “global solidarity” through globalist institutions like the United Nations versus “go-it-alone nationalist approaches.” There is a responsible third choice that is most consistent with the UN Charter – smart, targeted multilateralism to address manageable transnational problems without giving up each nation’s sovereignty in the process.
The Charter of the United Nations, as designed by the victors of World War II who created the UN seventy-five years ago, does not compel the UN’s member states to forfeit their sovereignty to a global governance body. Quite the opposite. The United Nations was founded to bring sovereign nations together for the purpose of cooperating to solve common problems while taking collective action where warranted against threats to international peace and security. In fact, the United Nations Charter specifically recognizes the sovereign status of the member states. It stipulates that the United Nations does not have the authority “to intervene in matters which are essentially within the domestic jurisdiction of any state.”
Only the Security Council has enforcement powers under Chapter VII of the Charter to impose sanctions and authorize the use of collective military force to maintain or restore international peace and security, subject to the veto power of its five permanent members. Everything else about United Nations governance outside of paying assessed dues is voluntary.
As President Trump said in his remarks to the UN General Assembly last year, “The future does not belong to globalists. The future belongs to sovereign and independent nations who protect their citizens, respect their neighbors, and honor the differences that make each country special and unique.” At the same time, President Trump stressed that the United States “is ready to embrace friendship with all who genuinely seek peace and respect. America knows that while anyone can make war, only the most courageous can choose peace.”
While Secretary General Guterres speaks in abstract about a “collective push for peace,” President Trump has worked with other nations in a multilateral fashion to achieve real results in the pursuit of peace.
Most notably, on September 15th at the White House, peace agreements were signed between Israel and the United Arab Emirates and between Israel and Bahrain. Israel, the United Arab Emirates, and Bahrain will establish embassies, exchange ambassadors, and embark on a cooperative relationship involving such matters as trade, healthcare, and security.
Inexplicably, Secretary General Guterres neglected to mention these historic agreements in his opening remarks. In response to a question about the agreements, Secretary General Guterres claimed they “managed one very important result, and that was the suspension of the annexation of occupied territory.” Typical of the UN’s myopic obsession on the Palestinian cause, the Secretary General downplayed the importance of two Arab countries reaching peace accords with Israel for the first time since Israel and Jordan signed their Treaty of Peace 26 years ago. The only other peace agreement signed by Israel with an Arab country was the Camp David Accords with Egypt in 1979.
As commentators in the Arab world are increasingly recognizing, Middle East peace is not all about satisfying the Palestinian leadership’s maximalist demands. The commentators were disgusted with the Palestinian leaders’ reflexive denunciations of normalizing relations between Israel and the two Arab Gulf countries. They are beginning to see through the Palestinians’ lies and self-dealing at the expense of the Palestinian people and genuine peace.
A Saudi writer, for example, wrote the following, as transcribed by MEMRI:
“The situation of our Palestinian brothers is regrettable. For over 60 years, their politicians have cashed in on their cause, and persisted in not reaching an arrangement, in destroying the negotiations, and in opposing every peace initiative, whether proposed by the Israelis or by the other international elements. The Palestinian politician has inflicted this on his cause and his people in order to profit from leaving things as they are, since the way he has chosen for decades was the only way to guarantee that he would remain in the picture and [benefit from the] influx of funds, donations and aid flowing from all directions, particularly from the Arab and Islamic world, into his coffers and his European bank accounts. Today, the situation is different, because the peoples who once identified with the Palestinian cause are completely aware of this manipulation and the way it is done.”
A Saudi Member of Parliament wrote, as transcribed by MEMRI:
“The Palestinians must understand… that today’s Arabs and Muslims are different than the past [generations], for the young generation has gained awareness and can no longer be deceived or exploited. The Palestinians have kept their cause exclusively under their own control, traded in it, and missed opportunities one by one, until their rights evaporated.”
Sadly, the United Nations, under Mr. Guterres’ leadership, is legitimizing the Palestinian leaders’ deceptions and exploitation. The UN is continuing its decades-old role as the enabler of Palestinian rejectionists who still insist on a Palestinian state stretching from “the river to the sea.” This is not the way to move forward successfully with Mr. Guterres’ desired “collective push for peace.”
Today in Paris, many thousands of “yellow vests” took to the streets to demonstrate against French President Emmanuel Macron and the French government over its draconian lockdowns and CORONA restrictions. This was a massive riot where police not only used tear gas and batons, they were firing both rubber bullets and live ammunition. These lockdowns are by no means about taking care of people. This is raw tyranny and we will see if they even stand for election in 2021/2022.
The next French Presidential election will begin Friday, April 8, 2022. What is interesting is when we look at the Quarterly Array on the French CAC-40, it is clearly showing the first quarter will be very volatile. This is clearly the impact of the French elections and there is a deep concern that Macron will even suspend the elections under the pretense of a national emergency as we saw in New Zealand. The protests of the “yellow vests” against Macron began back in November 2018. They were initially triggered by rising fuel prices and a pension reform plan. We are looking at sheer political chaos in France as the elections will come 43 months from the beginning of these protests (50% of 86).
QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold report soon?
HD
ANSWER: This year was a Directional Change for gold and the next turning point in 2022. Most of the volatility on gold appears to be the first six months in 2021. You must understand that this is far more than just a war against Trump to conquer Capitalism and impose drastically higher taxes and this New Green World Order that Bill Gates wants to eliminate meat production along with fossil fuels. The number of active oil wells in Texas has fallen from the 400 level to about 100. This is creating a massive shortage in everything from food to energy.
The first sports arena to open in Las Vegas is making it very clear – NO CASH accepted. They are actively making money scarce and telling everyone cash is dirty and spreads this life-threatening virus. This hoax is being carried out to usher in the cashless society so they can collect their 70% tax rates by force.
In Thailand, there were 58 deaths from this virus, yet 2,551 suicides because of losing everything. This virus has impacted absolutely everybody. No politician in their right mind would do this unless they are being bribed.
There remains a serious risk to the gold market that they will once again make it illegal. You must realize if they are trying to eliminate cash to force everybody back into banks so they can tax you, why would they allow gold or private cryptocurrencies to compete? Pay attention! California is trying to create RETROACTIVELY a wealth tax proposed by Elizabeth Warren on the advice of the French Marxist economist – Thomas Piketty. A wealth tax FORCES you to tell them ALL your assets EVERYWHERE even if in storage offshore. These are policies that the Democrats are championing and it will drive gold underground.
So, the answer is YES! I am preparing a very important report on precious metals.
Anyone who thinks that this has not been orchestrated is delusional. I warned that our computer picked up this plot beginning in late August 2019. European politicians have gone along with Gates for one reason. The Repo Crisis began because Merkel publicly made it clear that there would be no bank bailouts in the Eurozone. That was because of the Italian banking system. But then Deutsche Bank was in trouble and she has to maintain that same policy.
Therein began the Repo Crisis. US banks would not lend in the REPO market to any European bank for fear if a collapse took place, they would be stuck with losses the Eurozone would not cover unlike the aftermath of the Lehman Brothers Crisis. Hence, the Fed had to step in and provide lending in the REPO for European central banks.
Consequently, creating this FAKE Pandemic has been the life-preserver for Europe. This has masked the banking crisis and justified now buying banking stocks, which is the indirect bailout, and the elimination of cash in Europe will force everyone to return to the banks. They need this HOAX to cover the banking crisis, but in the process, they have created a huge nightmare they did not foresee.
Suspending rents and preventing evictions while they imprison the population in lockdowns with no real pandemic which German Health Minister just had to admit, has undermined the banking system even further, Now they are talking behind closed doors about forgiving past rents for tenants. That does not address the collapse in commercial property. That is raising the Marxist issue of perhaps they should just confiscate those rental properties by nationalizing them.
The ideas being bounced off my ears are too absurd to think about. None of them propose a return to a gold standard – sorry!
QUESTION: Buongiorno signor martin anche se mi piacerebbe chiamarla professore, è la Bce sta comprando azioni delle banche europee grz
AP
ANSWER: The ECB is looking into buying bank stocks because nobody else will. It is the only way to pretend they are meeting their capitalization. They are floating the idea of buying stocks, but they are not expressly saying bank stocks. It is another attempt to desperately try to hold on to this fiction. It will not succeed. They are buying stocks rather than doing bailouts. It amounts to the same thing, but they can claim it is not a bailout politically.
These Democratic state governors have been so draconian in suppressing their economies for political purposes. Then they have the audacity to turn around and raise taxes to cover the losses in revenue. New Jersey raised gasoline taxes. California is trying to install the first wealth tax, thanks to the French economist Piketty. But California is looking to raise its income tax to 54% on the richest people. Their state income taxes, already the highest in the nation at 13.3%, is proposed to be raised to 16.8% RETROACTIVELY to pay for this plandemic.
In Tennesse, Davidson County’s property tax rate has been raised sharply from $3.155 to $4.221 per $100 of assessed value in the city’s more urban areas. For a home appraised at $250,000, that would mean an increase of about $666.25 per year. They are chasing people out of cities, and like the fall of Rome, they will keep raising taxes rather than reduce their own expenditures, which are driven by pensions. That is a 34% increase in property taxes.
The Center for Budget & and Policy Priorities is telling states to raise income taxes on the rich. They recommend: “High-income tax increases can generate substantial revenues for investments in people and communities that provide economic and social benefits over the long term.” New York City and Chicago are experiencing a flight of the rich. They get no safety and cannot leave their homes at night, and these people recommend raising income taxes on them sharply. The Wall Street Journal has reported, “Even Joe Biden would raise the top marginal rate on work to over 50%.” Our sources are saying they want to return the income tax before the Regan tax cuts to 70%.
Just who are these “rich” people the Democrats hate so much? About 9% of the households in America have income greater than $200,000. That is the husband and wife combined. They get almost 45% of all pre-tax income, according to the Tax Policy Center. Then there are the really rich, which include most politicians. They account for the top 0.4% of households, which works out to about 700,000 in total. These are households that have incomes greater than $1 million a year. They tend to earn 13% of all pre-tax income.
With the Reagan era, since the 1980s, those at the very top have experienced faster-growing incomes than the rest of America BECAUSE they are investors. This statistic is never explained, but the stock market and inflation have accounted for the bulk of these gains. The government prevents the average person from participating in investments because Social Security is just a slush fund for politicians — government bonds only.
The Congressional Budget Office estimates that the best-off 1% of American households that have an average annual income of $1.8 million (base on 2016 statistics) saw their inflation-adjust incomes before taxes nearly triple between 1979 and 2016. This is clearly the rise in the stock market and real estate values. Then, 9% of households benefited from investments by 75% while everyone else saw their pre-tax incomes rise by 33%. They will not address that the lower the income, the more government prevents them from investing for their retirement by seizing money for Social Security. If you are late on paying, they charge you interest far above any bank, but will never pay you interest on the money refunded. Taxes are always a one-way street.
The rich generally pay far more of their incomes in taxes than the average person thanks to the progressive nature of taxation. The top fifth of households got 54% of all income and paid 69% of federal taxes; the top 1% got 16% of the income and paid 25% of all federal taxes, according to the CBO. These statistics are skewed because the government benefits such as Social Security, food stamps, and welfare are never part of the analysis. The Marxists try to focus only on the remaining income for taxes and behind closed doors think it all belongs to them. It’s only a question of what they allow the great unwashed to retain.
The Democrats putting forth legislation to create the Digital Dollar. This is all part of 5G so there can be instant payments that are required when it comes to eliminating paper money. This is the goal to ensure people pay taxes and to eliminate the underground economy. Interestingly, the illegal aliens they defend so much work for cash under the table. Anyone without a Social Security number will be prohibited from working. But what the heck. They will get 110% of the taxes they think people do not pay.
This video shows the tyranny in Australia as they arrested a pregnant woman for posting about a protest against the lockdowns. We have warned that the War Cycle, which includes Civil Unrest, turned up in 2014 and will build into intensity by 2022. This is not a forecast that has ever given me any pleasure. The two components are international war and civil unrest which leads to revolution. The worst seems to be on schedule for the Pi Target after 2024 and the peak of this 8.6-year business cycle wave of the Economic Confidence Model.
On January 1, 1901, the six colonies joined together forming the Commonwealth of Australia. The Revolutionary Cycle in Australia turned up in 2013, just slightly before the global War Cycle which turned up in 2014. The actions of the Australian government have completely turned toward an absolute authoritarian reign. Here you see that they are indeed monitoring all social media arresting a pregnant woman for merely posting on Facebook that a protest would take place. Even the German high court ruled that the government could not stop the protest on August 29th, 2020. Here in Australia, you see that the government has rejected every principle of a free society. Typically, the West would impose sanctions against Australia blocking all trade for they are treating their people no different than Russia invading Crimea as the West alleges, Syria, or Iran. Don’t forget the allegations against Iraq that it was a dictatorship.
The Australian Civil Unrest Cycle should begin to pop next year in 2021 and build into intensity by 2026. These politicians will be voted out of office so there will most likely be claims that in the middle of such a crisis, elections will be suspended. These politicians cannot now allow a free election for anyone who would then side with the people would be moved to arrest these politicians and prosecute them. Therefore, as long as Australian police act like the ones in this video, there will eventually be blood in the streets.
After the previous turning point of August 7th, 1964 which picked the Gulf of Tonkin Resolution incident to the day, there were massive protests against the Vietnam War. This is also the era when the Beatles wrote the song Revolution. Today, they would probably be thrown in prison for daring to even sing it. In Britain, the BBC is banning a song Rule Britania because it says they will never be slaves.
Never in my wildest imagination did I ever expect such a wholesale coup against our freedoms. This is what the rest of us face from 2021 on. Politicians no longer represent the people. They have simply gone mad. There are elections coming in 2021 around many places globally. I would expect them to be rigged, or even suspended for those in power doing this sort of oppression will surely not be re-elected. This is a global coup because the socialistic systems are failures which include the pensions for government workers.
QUESTION: In regards to your last post about Bitcoin and your comment that there may be a “threat regarding gold”, as well. What kind of threat do you think? If you own precious metals as a store of value and assume at some point you may need to use it to pay for things, they may have to get turned into dollars (or an alternative digital currency being forced) in order to buy products. My thought is that there will be a tax law passed that somehow taxes gold/silver when you sell it, not necessarily based off the capital gains. What is your take on this and what do you see the government potentially doing to discourage, force an alternative, or even ban people from having precious metals? Thanks for all your insight.
B
ANSWER: Gold bullion was listed as a black market circumventing Bretton Woods. They seized $38,000 in gold bars from a woman crossing the Canada-US border. You already cannot transport gold internationally. What most people do not realize is that even hopping on a plane, even on a domestic flight, carrying more than $10,000 in cash gives them the right to confiscate it. They confiscated $181,000 in cash from a man on a domestic flight.
Therefore, the risk is that they go beyond simply confiscating gold in transport, but they move to even shut-down physical dealers who already must report on transactions. They can plainly make gold illegal in transactions just as they now make it illegal to pay for even a hotel in cash with more than €1,000.
The Phillips Curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. The Fed is actually recognizing that the Phillips Curve is dead. I have been warning that the Quantity Theory of Money is also dead because all the tremendous increases in the money supply since the Great Recession 2007-2009 has failed to produce inflation or stimulate the economy. Instead, this has led to negative interest rates since 2014 which have undermined the entire Keynesian Model as well.
This is why the book I put out Manipulating the World Economy keeps selling out. All three editions are gone. Every time Amazon listed the books, they were gone in less than 3 hours. All of these theories were dealt with and this book has had a major impact already. Of course, the goldbugs and Bitcoin advocates hate my guts because it does not support the old theories they rely on which indeed were the VERY SAME theories used by the central bankers which have failed. This has led to many deep conversations about how these theories no longer work and what is the future.
The media is portraying the Fed will create inflation now in a big way. Those forecasts are still relying upon these old theories which have failed to produce anything these projections said were going to happen including hyperinflation.
CNBC claimed that the Fed was going to deliver a major speech that would change the way the Fed views inflation and that this will somehow effortlessly restore everything back fo a normal inflation level. Missing in all of this remains CONFIDENCE. Not until people begin to look at these theories and how they have failed as is taking place in central banks behind the curtain, they will not grasp the risks of the future.
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!
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