QUESTION: Hello Martin. I’ve been a long-time follower and one of the first subscribers to Socrates “Basic.” Your information is always valuable! I’d classify myself as a retired, middle class fellow, who has put away enough funds to be comfortable. But, I got very uncomfortable when you just posted “We cannot rule out the Biden Administration canceling the dollar before the 2024 election.” My fears for myself and my family are being caught offguard in investment, location, and security. I can’t afford going to your annual events; would you consider a large treatise or book on how to survive in the middle class?
LC
ANSWER: These are the next two books. The first, Modern Analysis for the 21st Century, dives into technical analysis and why fundamental analysis has been so wrong. I am trying to make an authoritative work that perhaps after I am dead will force academia to change the course of its methodology, particularly in economic analysis. The Geometry of Time will deal with cyclical analysis. I think we are all here for some purpose and then we get to leave. I hope this is what I leave behind.
Inflation was transitory. Now, the credit rating of the United States plummeting from AAA to AA+ by Fitch is “arbitrary,” according to Treasury Secretary Janet Yellen. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement. The last time an AA+ rating was issued was August 5, 2011, and the market took a hit.
In 2011, Standard & Poor cut its rating also after a debt ceiling crisis caused by politicians. The global markets felt the impact of that news. Fitch has been warning of a possible downgrade since May 2023, due to the massive debt burden and political mismanagement. The White House continued its spending spree and our politicians could not agree on a limit for the debt ceiling. The warnings were there.
It is concerning that Yellen is trying to stifle this news. “I strongly disagree with Fitch’s decision. The change announced today is arbitrary and based on outdated data,” Yellen insisted. Again, this is the same woman who insisted, along with Powell, that inflation was transitory and nothing to be concerned about. Yellen believes some of Fitch’s models do not accurately indicate the state of the US. Yell said “governance,” under Joe Biden, has improved due to mass infrastructure packages and investments in America that will make the country more competitive.
Yellen and others refuse to admit that the United States has deteriorated under the Biden Administration. “Governance” is one of the nation’s weakest points right now, but that would put blame on the current administration. The right and left are more polarized than ever and cannot agree on anything. The US government is heavily investing in one foreign government to fuel the proxy war while lining the pockets of “the big guy.” This administration has ruined America and there is no sugar coating what’s to come.
Must be a quadruple-vaccinated conformist who rejects all freedoms. Open to all genders or non-genders! Must enjoy long plane rides to Davos, the occasional lockdown, and be interested in implementing the New World Order with me and my friends at the World Economic Forum. Absolutely no truckers or family members of truckers — swipe left if you even own a large vehicle. My friends would say I am overprotective and controlling. I will likely freeze your bank account if you break up with me. Swipe right if you want to be remembered as the next Eva Braun of Canada!
QUESTION: What do you make of the US debt downgrade? Do you think this has anything to do with indicting Trump in three courts? I know many people decided to donate to Trump today, even for the first time, as a sign of disapproval of the Biden Administration and the RINOs.
HJ
ANSWER:
It is time for the Credit Rating Agencies to knock off the BS. Yes, Fitch Ratings downgraded US long-term debt late on Tuesday from AAA to AA+, citing this spring’s debt ceiling standoff as a significant reason. That is nonsense. NO government ever intends to pay off its debts. Historically they ALWAYS default. The global financial system has relied on the promise that the US government will always repay its debts. Some wrongly believe that this is what makes the US dollar the most widely held currency worldwide. The backing behind the dollar is twofold.
Largest Consumer-based economy in the world that everyone needs to sell into
The deepest financial market in the world to park money as well as finance projects and float stocks
This is why the US markets barely reacted to the news in after-hours trading on Tuesday, and US Treasuries were holding steady. Of course, you have the traditional bearish prognosticators who claim the last time there was a downgrade, and the market crashed by 6.5%. The real question is – sell stocks, and the traditional flight to quality is you buy bonds – which were just downgraded. Hm? Many are starting to wake up that the only safe place for wealth will be in tangible assets, for this Biden Administration is completely desperate and out of control. You cannot threaten China and Russia with war and then ask them to buy your debt. China is disinvesting in US government debt ASAP. That is also the reason for the downgrade.
These indictments against Trump, while Biden and Hunter actually could be charged with Treason, have undermined the confidence in the United States government internationally more than anything. They are trying to prevent Trump from running in 2024, for the Neocons know they would be fired if not put on trial for treason themselves. Trump vowed to run for office from prison. RFK should join as the VP and abandon the Democrats, for they will NEVER allow him to gain a toe in their Washington club.
Yes, I have gotten many emails saying people are donating to Trump’s 2024 campaign as a matter of protest against this Biden Administration. All I can hope is that even Democrats wake up before it is too late and stop this hate-Trump nonsense, for what lurks in Washington is so much worse. This judge in Washington will put Trump in prison in the blink of an eye. This judge has been handing out time in excess of the prosecutor’s recommendations. That is unheard of. You are about to witness the complete collapse of the Rule of Law in the United States, and once that goes – it is time to turn out the lights.
The US will eventually descend into civil war at worst, just as China and Russia did when faced with the rise of the LEFT. Some states will separate from this absolutely corrupt government. We cannot rule out the Biden Administration canceling the dollar before the 2024 election, for the Neocons do not care about the economy – only their geopolitical goals. With the Neocons in such a desperate position, they may not wait for the election and connect a dollar cancelation to some geopolitical event. The EU would most likely do the same on a coordinated basis, and both Canada and the UK will follow suit with Japan, Australia, and South Korea.
If the Neocons manufacture a geopolitical conflict before the election, beware of the 2nd quarter next year. That does NOT mean we should lose all hope. You cannot create a new system without purging the old one. Keep your fingers crossed for post-2032, and we get to start anew just as the Founding Fathers overthrew the monarchy and created a new political system.
The Canadian government does not want people sharing news stories online. The government should be the sole source of information. The Online News Act (Bill C-18) would require social media platforms and online sources to compensate Canadian news agencies for sharing news online. A report by Angus Reid found that 85% of Canadians do not subscribe to news outlets and primarily rely on the internet for information. The government cannot control what is published online (yet) but they can easily control official news agencies.
Google said the bill “breaks the way the web and search engines have worked for more than 30 years.” It prevents Canadians from freely accessing information, as those costs need to be reacquired somewhere. Any time someone interacts with a news article, the Canadian government wants a cut. In turn, major platforms such as Meta and Google have announced that they will no longer publish news articles by Canadian outlets.
“In order to provide clarity to the millions of Canadians and businesses who use our platforms, we are announcing today that we have begun the process of ending news availability permanently in Canada,” Meta said in a statement. Dictator Trudeau has made a big push toward full media censorship.
“It’s like 1984,” Conservative Leader Pierre Poilievre stated. “You have a prime minister passing a law to make news articles disappear from the internet. Who would’ve ever imagined that in Canada, the federal government would pass laws banning people from effectively seeing the news? Who would’ve thought that we’d have a government that would pass a law to manipulate the algorithms of the internet?” Trudeau will continue to usurp as much power as possible at the expense of the Canadian people.
A man attempted to purchase strawberries with cash at an Aldi grocery store in the UK, possibly leading to his arrest. They want us to adjust to the cashless society that will implement globally by the World Economic Forum under its Digital Currency Governance Consortium. Some call cash “hard currency” to further differentiate it from the coming digital world of finance. Piers Corbyn, who happens to be the brother of British Labour Party leader Piers Corbyn, has gone viral for what many are calling an act of rebellion against the globalists.
The Aldi in Greenwich only accepts payments through the Aldi App. Aldi implemented this measure during COVID and never repealed it. Stores are commonly banning all cash transactions, and it is legal for them to deny cash. These stores may not realize that the WEF will soon implement one “globally coordinated approach to [digital currency] regulation” and their individual apps will be obsolete.
As for Corbyn, he placed his cash on the counter and left the store with his strawberries. People cheered as he left the store. Aldi employees called the authorities. “I’m offering exactly the right amount of money here,” he announced, “I’ve paid my legal tender.”
“Legal tender” is merely any form of payment accepted by law. So while the “hard currency” produced by the Royal Mint may be considered legal tender to some, the grey area here is that sellers do not need to accept it as a form of payment. So what was once a commonly accepted legal tender is now fiat, containing no intrinsic value without the backing of CONFIDENCE.
When the gold coin was money during the 19th century, it rose and fell in purchasing power no different than any paper currency. You cannot walk into a grocery today and pay in gold. People only accepted paper money because they knew others would accept it as a form of payment. Fiat is simply an arbitrary decree.
Governments are telling the people loud and clear that cash will be phased out. They are making us accustomed to the idea, gaslighting us into thinking digital is more convenient. The truth of the matter is that the day will come when they ask us all to turn in our “hard currencies” in exchange for CBDC. I applaud this man for his act of bravery and hope he was not arrested over a pint of strawberries.
QUESTION: Thanks for all the great information you share. I have a question regarding cryptocurrencies. Do you think all countries will try to abolish crypto or only certain countries (such as the US) in favor of a central bank digital currency? As of now, many countries appear much more accepting of crypto than the US. Thanks again.
JWM
ANSWER: This is a good question. Before the stupid sanctions imposed on Russia removed them from SWIFT, the IMF would threaten tax havens that if they did not turn over the people with accounts in their country, they would be removed from SWIFT. The sanction against Russia have backfired, so now we have China and Iran setting up their alternatives to SWIFT. I would have assumed that they would have threatened countries against the removal from SWIFT if they did not shut down cryptocurrencies, for they would provide an alternative to CBDC and thereby skirt their end goal of 100% control and taxation. In trying to sanction Russia, they have lost their absolute power to abuse SWIFT to threaten countries. Theoretically, the tax havens could switch to China’s CIPS and say screw you to the US and EU.
As I have said, an EMP could wipe out the entire financial system and neutralize even nuclear weapons capability. I do not see how these people will succeed in dominating the world. Their abuse of SWIFT to punish Russia has undermined their power and the entire world economy. This is most likely part of the 2032 collapse.
I would be concerned about cryptocurrencies making the transition to what lies beyond 2032. That is highly speculative. I would tend to rely on the tangle assets to make the transition to whatever the new monetary system will emerge post-2032.
Posted originally on the CTH on July 31, 2023 | Sundance
Italian Prime Minister Georgia Meloni sounds slightly less nationalist and slightly more globalist in this interview as she discusses the current challenges for Italy within the European Union. With a large focus on the African continent, mostly driven by root cause illegal immigration, Prime Minister Meloni outlines how supporting the African economic needs are a pragmatic solution to the outflow of migrants. {Direct Rumble Link} – WATCH:
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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