Posted originally on Jan 12, 2024 By Martin Armstrong
It’s a real crime what’s happening to the Polish people at the hands of what many see as traitors who are taking directives from foreign organizations that will take Poland into a disastrous war with Russia. Poland’s right-wing, now opposition, has called on its supporters to protest against this new pro-European Union government. Unfortunately, our political models on Poland warned that with eight years (8.6) under the Law and Justice party, they would lose, and the shift would be to the globalist agenda in last October’s parliamentary elections. The protest was called for the same day when the Supreme Court was to rule on the validity of the election in the first place.
Based on the ECM for Poland, we can see that October 26, 2023, was a significant turning point. Unfortunately, this aligned with our war cycles and then turned into 2028. The dollar avoided any sell signals against the zloty at the end of 2023. You have overhead resistance at 4.02 and 4.20. If the low of 2023 now holds, this does not look good for Poland going forward. April will be the critical target in 2024, and we see the danger of higher volatility with a Panic Cycle in October.
Posted originally on Jan 10, 2024 By Martin Armstrong
One piece of analysis commonly misconstrued is the Federal Reserve’s role in the nation’s economic health. Even those who have the ability to piece together other variables that often go unnoticed commonly point their finger at the Federal Reserve. No one is factoring in the largest driver of inflation – WAR – nor are they factoring in the three main pillars of government debauchery (war, taxation, government spending) that the Fed cannot control.
They never look at the history of central banks and how Congress has been manipulating the law to alter the Fed’s purpose. If there was a single interest rate and one policy set in Washington, why do we even have branches of the Fed if they no longer act independently? When the Fed was created, the branches managed internal domestic capital flows. Each branch was independent, and they would lower or raise the interest rate in their jurisdiction depending on the flow of money. Too much cash? They lowered the rate. Not enough cash? They raised it. This was all before Keynesian Economics when the interest rate became the tool to manipulate our demand.
The San Francisco earthquake of 1906 created the Panic of 1907, which caused capital to rush from East to West. This created a shortage of cash in New York and led to bank failures. Hence, the Federal Reserve was created with branches to manipulate the internal capital flows – not the Quantity of Money Theory or the demand of the people.
Roosevelt usurped all the independence of the Fed and created a Washington monopoly to push his socialist agenda into place. We are hearing the same pitch of equality once again from Biden. The government is supposed to be separate from the Federal Reserve, but the president appoints the chair. The formerly independent central bank that was owned by the bankers to prevent the misuse of taxpayer funds is now under control by the banks only in theory; the reins of power are political.
The Federal Reserve failed to produce inflation while engaging in QE between 2008 and 2019. Most analysts ignore that entirely. If the Fed issued $1 trillion and buys in US Treasuries, I hate to tell you, but it would have ZERO impact. Why? Because debt today is simply cash that pays interest. Once upon a time, you could not borrow against government debt. Thus, it was deemed non-inflationary as long as it could not be used as money. Today, you post bills as collateral to trade futures. The old theories no longer exist in this new, strange world we live in. Hence, all the QE was merely swapping the debt for cash.
Also, consider where the Fed purchases its debt and who purchases US debt. China, for example, is no longer buying US debt due to US-China government relations that the Fed has absolutely no control over. Then, say China sold its debt for cash. The dollar would go offshore, and the domestic money supply would NOT increase. There is a lot more to this game than the simplistic analysis that leads to brainwashing the financial community and investors.
Jerome Powell has no power over fiscal spending or the deficit. Central banks everywhere are trapped. The central banks in Europe are in FAR worse shape right now. When Powell stood before Congress and subtly criticized the Biden Administration by calling their constant spending “unsustainable,” he was attempting to explain that the central bank could not overpower the government here. The central bank can create elastic money, and it will return to doing so. Private capital is fleeing government debt on a global level.
In the end, the globalist agenda is to default on all national debts, and they will no longer need to bail out the bankers. Welcome to the Decline & Fall of Western Civilization.
Posted originally on the CTH on January 11, 2024 | Sundance
Nice to see Tucker Carlson bringing attention to the biggest protests in modern German history. Eva Vlaardingerbroek left the Netherlands to provide support for the farmers in Germany. WATCH:
Posted originally on the CTH on January 10, 2024 | Sundance
Keep watching this story as much as possible folks. It might be difficult to find the details because Western corporate media do not want to cover the specifics, but the pushback deep inside the EU is well organized, planned and strong.
On day one, the German farmers began their protest, and began blocking transport hubs, main arteries and government buildings around the country.
Today, on day #3 of the protest, the German railway workers have joined.
You might remember the “solidarity” movement from the 1980s when the general working class in Poland took to the streets and triggered mass protests – eventually forcing the collapse of the governing structure. Well, here we are 40 years later, and a multi-nation force is aligned in the effort to duplicate the outcome. This is massive pushback against the globalist and WEF system.
The railway strike forces transport companies to use trucking. The truckers are supporting the farmers. The farmers are blocking the roads. This is a multidimensional approach, well thought out and well planned. Do not disregard what is taking place and understand there are many EU politicians watching closely. Germany is by far the largest economy in the EU.
[MEANA] – […] One of the key elements of the protests involves farmers organizing blockades on motorways and participating in slow-moving convoys. The discontent within the farming community was previously demonstrated in a mass protest held in Berlin in mid-December, prompting the government to make partial concessions. In response to the outcry, Berlin agreed to retain the preferential tax treatment of agricultural vehicles and postponed the cuts to diesel tax breaks until 2026.
Despite these concessions, farmers argue that the government’s measures are insufficient, leading to the announcement of an ‘Action Week’ featuring daily protests nationwide, scheduled from January 8. The farmers, represented by Joachim Rukwied, head of the farmers association DBV, insist on a complete reversal of the proposed cuts without any conditions.
Rukwied anticipates widespread participation, with tens of thousands of tractors converging at rallies across Germany. (more)
GERMANY – Nationwide strikes brought German transport to a near standstill Wednesday, with railway workers on a three-day stoppage and farmers on tractors blocking autobahns in a bitter protest over subsidy cuts.
The ill-tempered sector disputes mark the start of what is expected to be a challenging year for Chancellor Olaf Scholz’s unwieldy three-way government as it struggles with a weak economy and sinking popularity.
The GDL train drivers union called the strike on cargo as well as passenger routes after talks with public rail operator Deutsche Bahn hit an impasse. The company said 80 percent of its long-distance trains weren’t running.
Deutsche Bahn warned of “massive” disruptions to service until Friday evening, urging travellers to “avoid any unnecessary journeys” during the strike.
At Berlin’s eerily deserted central station, student Philipp Kolb, 22, said the strike had complicated his travel plans. “I was supposed to take the train to Hamburg at 6 am,” he told AFP. “Now I have to push the trip back by three hours.” However passenger Piotr Bulej said he sympathised with striking drivers in the face of high inflation eating into real wages. “People work a lot more hours with less money. The prices rise every day, every week,” he said. “One has to protest, one has to say that.” ‘Continue the fight’. (more)
GERMANY – The nationwide blockade being launched by angry German farmers has received the support of Polish truckers, with some driving across the border to express their solidarity.
Farmers in Germany are taking their anger to the streets over the economic and agricultural policies announced by Olaf Scholz’s government. […] The protests, expected to last for the whole week, are being supported also by truckers coming from neighboring Poland, clips and reports emerging from social media suggest. (more)
IT'S HAPPENING
4000 tractors and trucks in Dresden as the German farmers are continuing to protest for the 3rd day.
Cities across Germany are now overwhelmed by massive convoys of tractors and trucks, as the German farmers and truckers mass mobilise their protest against the German government. This is Stuttgart. 🇩🇪🚜 pic.twitter.com/5HCXteZvxl
Misplaced corrective action, regardless of motivation, is neither prudent nor wise. This approach by the blue collar and white collar middle class is EXACTLY THE RIGHT APPROACH. This is the way to bring the elite ruling class to their knees. This is what they fear:
We are the workforce.
We are the backbone of industry, the people who keep it all functioning, the farmers, truckers, builders, diggers and blue-collar workforce that keeps everything functioning.
We are the people they will never fully control. We speak in languages they do not understand, and we absorb targeted ridicule as fuel.
We are the movers of goods, the truckers, the farmers, the nameless people behind the skilled trades that keep what they call American society moving.
We are the people who grow the food, pick the food, transport the food, stock the food, cook the food and facilitate the life they live.
We are a visible, yet disregarded, insurgent force within their sphere of life that is never considered, yet we control the outcomes of every moment they value.
We pick up the trash, answer the phones, run cables to their devices, mow their lawns, solve their problems, control the flow of essential services and keep our heads below the radar.
We are the majority.
We are a self-reliant, freedom loving, normally peaceful and God-fearing assembly.
We drive them to their destination; we are comfortably out of mind until needed, and yet we are irreplaceable for the things they require.
We are armed with gloves, tractors, trucks, tools, hammers, pens, rulers, mice, pickup trucks, laptops, post-it notes, stickers and alternate forms of messaging that circumvent the control mechanisms deployed to create our silence.
We are inside every facility, every institution, every meeting, every moment of their existence – and we notice everything.
We have eyes of mice and ears of elephants. We are there when they do not expect, and we melt away before they notice our appearance.
We are smart, strategic, highly intelligent and carry a brutally obvious and pragmatic common sense that finds optimal solutions to everything.
We identify our tribe immediately and without conversation.
We see what they hide, we hear what they whisper, we decipher their codes, and we understand the complexity they create in their effort to conceal.
We control the physical world that operates around every element of society, and we value real and tangible assets.
We do not sit around pontificating eloquently about philosophic nuances; we get shit done.
We are the people who facilitate their ability to take us for granted, and we do so without issue, resentment or desire for recognition.
We are optimistic, affable, kind, generous, friendly, loyal, warm and quietly spiritual in purpose.
We are polite, considerate and slow to anger.
We prefer to be left alone. However, pushed entirely far enough, decisions are reached. Right now, we are tenuously staring with deepened gaze.
We are increasingly pissed off…. Big Time!
In every town, village and hamlet we are encountering the same conversation. On every porch, in every shop, at every event, the topic is the same.
Support every effort that begins!
IT'S HAPPENING
4000 tractors and trucks in Dresden as the German farmers are continuing to protest for the 3rd day.
Cities across Germany are now overwhelmed by massive convoys of tractors and trucks, as the German farmers and truckers mass mobilise their protest against the German government. This is Stuttgart. 🇩🇪🚜 pic.twitter.com/5HCXteZvxl
Let’s get something straight. There have been countless attempts to conquer Russia, and they have all failed over the course of 1,000 years – yea – 1,000 years! The invaders encountered different incarnations of Russians as well. There were the Ancient Rus, the Moscow Tsardom, the Russian Empire, and most recently, the Soviet Union. The enemies have also come in different flavors, like ice cream. There has been a Northern military state, an Eastern empire invasion, and the more recent famous invasions of Hitler and Napoleon. Every single one of them has failed to conquer Russia except one – the Mongols.
The Mongols invaded under the grandson of Genghis Khan. He invaded Russia around the 1220s-1230s. The Rus were divided into tribes. Like Julius Caesar understood when he invaded Gaul, divide and conquer. The Mongol warriors succeeded because the various Russian princes at that time were competing against one another in a perpetual rivalry for the Kievan throne. Thus, the lands of Rus’ were plundered, and in 1240, Kiev fell. Russian princes were forced to subjugate to the Tatar-Mongol khans. Indeed, there is still a Tatr population living in Crimea to this day. What is left of the Rus fortifications, the Golden Gate, is all that remains standing in Kiev.
In 1380, Moscow prince Dmitry Donskoy famously defeated the Tatar army at the Kulikovo field. Russia was born one hundred years later in 1480 when they were free of the Mongols, and he became the first Grand Prince of Moscow, Ivan III ( 1440–1505). If I actually listed every failed attempt to invade Russia ever since, I think that would require a book. The Mongols were used to the cold, unlike the Europeans.
What we call Ukraine today was the territory of Poland back then. The young King Charles XII of Sweden invaded Ukraine, which was Russian territory. Peter the Great (1672-1725) withdrew his army southward. Peter adopted the tactic of a scorched earth, destroying anything along the way that could assist the Swedes. Without food, the Swedish army was forced to halt its advance in the winter of 1708–1709.
When summer arrived in 1709, The Swedes resumed their efforts to conquer Russian-ruled Ukraine. This culminated in the famous Battle of Poltava, which took place on June 27th, 1709. This was THE turning point in Russian history, for this was a battle where Peter the Great and the Russians defeated the Swedish army. This was also a turning point in the war with Sweden. For those who do not know, Peter the Great was Tsar of all Russia from 1682, and he became the first Emperor of all Russia from 1721 until he died in 1725. Peter reigned jointly with his half-brother Ivan V until 1696. Thereafter, Peter became the absolute monarch of Russia.
Poltava is actually in Ukraine. This decisive battle made Russia a significant power on the European political stage. However, Pete was perhaps too overconfident. He then attacked the Ottoman Empire, initiating the Russo-Turkish War of 1710. This time, Peter lost. He was forced into the Treaty of the Pruth, where he had to return the Black Sea ports he had previously seized. The Ottomans called him Mad Peter – not Peter the Great.
The more modern failed attempts were those of Napoleon and Hitler. Napoleon was said to have been a brilliant military strategist. The French Army, at the time, was considered to be unbeatable. Many have sought to invade Russia, for it is probably the richest nation on earth regarding natural resources. Napoleon began his invasion of Russia on the 24th of June 1812. He was no fool. He waited for winter to be over. He was planning to take the city of Moscow in July. Instead, his army was devasted by winter and global cooling thanks to a volcano. The Russians abandoned Moscow and set it ablaze. When Napoleon entered Moscow by mid-September, he assumed he would get an offer of peace. Nothing came. The Russians abandoned the city, and it was a hallowed victory. After that, there was nothing for Napoleon to do but retreat. Napoleon’s forces suffered staggering losses of between 400,000 and 500,000. He eventually retreated, and that was devastating. Napoleon had invaded with 680,000 men and retreated by November 1812 with only 27,000 effective soldiers remaining.
There is no question about it. In creating Socrates, I merely coded myself. How would I look at something as an international hedge fund manager. Also, being a history buff, I knew well the impact of weather. It was the climate change in the North that sent people south and toppled all the civilizations except the Egyptians during the Bronze Age. I knew it was climate change that sent both the Goths and the Huns to invade Europe. When we correlate everything, we see history in a whole new light. These climate change fools are putting humanity at serious risk, for the climate will turn cold in the years ahead, crops will fail, people will starve, and disease will run wild. Thus, I created no rules. Socrates was to seek out the entire world and return the correlations without prejudice.
The Mini Ice Age defeated Napoleon. The Hunger Stones also marked the year 1811 as a drought. While this is one year before the eruption in the West Indies in 1812, there is what has been called the 1808/1809 Mystery Volcanic Eruption, which seems to have set in motion a Mini Ice Age during the early 1800s. This was a monumental volcanic eruption in the VEI 6 range, which appears to have occurred in late 1808. This event preceded the 1815 eruption of Mount Tambora (VEI 7), which produced the Year Without a Summerin 1816. Napoleon was defeated really by Volcanoes. This is my concern for the future post-2024. With 50 volcanoes erupting simultaneously around the globe, we must be mindful of this cooling risk.
Russia’s success in the Patriotic War of 1812, defending against Napoleon, was short-lived from June 24th, 1812, to December 14th, 1812. Russian historians attributed their victory to the sophisticated bait-and-switch strategies of Field Marshal Mikhail Kutuzov, in addition to the heroism of Russian troops and the patriotism of the civilian population. They also acknowledge the harsh winter conditions in the final months of the conflict played an important role in defeating Napoleon.
This coincided with the War of 1812 (June 18, 1812 – February 17, 1815) between the United States and the United Kingdom. One of the primary tensions originated in long-standing differences over territorial expansion in North America and British support for Tecumseh’s confederacy, who opposed U.S. colonial settlement in the Old Northwest. These escalated in 1807 after the Royal Navy began enforcing tighter restrictions on American trade with France and press-ganged men they claimed as British subjects, even those with American citizenship certificates.
War often seems to be a CONTAGION. During this period of 1810 to 1814, there were 39 separate wars. To mention a few, there were the Cambodian and Hong Kong Rebellions, the Arakanese Uprising (Burma), the Invasion of Java, and the Punjab War in Asia. In South America, there was the Argentine Civil War, Brazilian slave revolt, Chilean War of Independence, Mexican War of Independence, Paraguayan Revolt, Peruvian War of Independence, Venezuelan War of Independence, US occupation of West Florida, and in the Middle East there was the Afghan-Sikh Wars, Wahhabi War involving Ottoman Empire & Saudia Arabia.
All of South America erupted, and it appeared to be a contagion. A similar contagion swept Europe in 1848. What Socrates has taught me is that, indeed,
WAR IS CONTAGIOUS
August 7, 1941, Adolf Hitler looking at his war map with General Field Marshal Walter Von Brauchitsch on the right and others
If we look at Hitler’s attempt to conquer Russia again, it was a disaster. NATO should realize their brilliant ideas of engaging Russia will be the third modern attempt, and they, too, will fail. Hitler named his invasion attempt Operation Barbarossa as Hitler’s invasion of Russia June 22, 1941 – January 7, 1942, with the purported goal of conquering the west of the Soviet Union to repopulate it with Germans. The operation was named after the Holy Roman Emperor Frederick Barbarossa (1155-1190) (“red beard”), who was elected King of Germany in Frankfurt on March 4th, 1152. Hitler invaded the Soviet Union on Sunday, June 22nd, 1941. It was the largest land offensive in human history, involving around 10 million combatants.
The failure of Operation Barbarossa proved to be a major turning point that reversed the fortunes of Hitler’s Nazi Germany. At first, Hitler’s German forces achieved significant victories and even managed to occupy some of the most important economic areas. That included Ukraine, where he promised them their own country and the Ukrainian Nazis were so vicious they even appalled the Germans. Hitler probably would have been successful in conquering Europe had he not tried to invade Russia. He sustained heavy casualties, and the German offensive stalled in the Battle of Moscow at the end of 1941. The Soviet winter counteroffensive pushed the Germans about 160 miles back (250 km).
It is important to remember that Ukrainian Nazis collaborated with Hitler and have NEVER been called to account for all their genocides against Polish, Jews, and Russians. They pretended that it was the UPA, a Ukrainian nationalist organization with a long-term plan of establishing a mono-ethnic state that excluded the Poles and was aligned with the Nazis. The Neo-Nazis are dominant in Ukraine, and Bandera’s flags and posters were there at Midian in 2014 all over the place. Because they have never been put on trial for their atrocities that even horrified the German Nazis, they have refused to even apologize to anyone. Even Japan apologized for using Korean women as “comfort girls,” and the Swiss turned over money that was hidden in accounts for Nazis and Jews. Ukraine’s hatred is ongoing, and it is propagated by the government, which is why it never dies.
If we look at the time difference between Napoleon’s and Hitler’s invasion of Russia, there were 15 intervals of 8.6 years (129 years). There is no doubt whatsoever the computer is showing war ahead. We have a Directional Change here in 2024, followed by another in 2025, with a Panic Cycle in 2025 and a significant target for a turning point.
Even Sweden is now preparing for WAR with Russia. Perhaps it’s a way to get rid of all the migrants from Africa. Sweden’s head of foreign affairs is claiming that Sweden is now a target to be attacked by Russia. There is NOBODY who seems even to want to discuss peace. This will be the Great Diversion to allow the sovereign debts to collapse as they blame war.
The West has long drooled over Russia’s wealth. In 1913, foreign investors actually held 49.7% of Russian government debt. They also owned nearly 100% of all petroleum fields, 90% of mines, 50% of chemicals, and 40% of metallurgical industries. This foreign ownership was, to a large extent, used in support of the Communist Revolution. Russia actually had the largest gold reserves in the world prior to the Communist Revolution, but it also had the largest foreign debt in the world. France was actually Russia’s primary lender, and French investors had major ownership in the iron and steel industries and mining operations. In fact, just before the Communist Revolution of 1917, France, a goldbug nation back then, held 80% of the Russian government debt that was supposed to be gold-backed.
Once again, in 1999, I was asked to invest $10 billion to fund the takeover of similar Russian assets, and they would install their puppet as president – Boris Berezofsky. I refused. Many have looked at the riches of Russia, and the excuse always seems to be a war to get their greedy hands on them, much like the Middle East geopolitical events have been over oil.
Posted originally on Jan 7, 2024 By Martin Armstrong
COMMENT: Dear Mr Armstrong
Happy New Year to you and your team from Germany. Just in case you didn‘t already know, tomorrow at 11 am is a nationwide general strike supposed to be happening as a protest to the policy of the recent government. They set up a map on GoogleMaps showing all events and where they take place, accessible under this link:
Posted originally on Jan 6, 2024 By Martin Armstrong
The late Mark Pittman was a journalist for Bloomberg when, once upon a time, there were still a few actual investigative reporters. Mark did a piece on my operation in Japan. He knew what we were doing, that the accounts were mine, not clients, and that I was buying distressed portfolios. Not one client ever signed a complaint, and there was NO DEFAULT. When they charged me. I met Mark at the Hyatt in NYC across from the Train Station. He knew it was a setup and said: “Marty, we are not going to allow them to do this to you.”
The law says that if you commit fraud, you MUST help the victims get their money back. Further proof of how New York City is a cesspool of corruption: when they realized I was helping my clients go after the bankers, they put a gag order on me to stop me from helping my clients against HSBC/Republic. They have been doing the same to Trump. The Special Prosecutor went as far as to demand a gag order on Trump so that he could not even criticize Biden while campaigning. You cannot make up this stuff. If you wrote a fiction novel with these maneuvers, they would say it is too far-fetched.
I think it is absolutely critical as Trump is put on trial in New York City. I was granted bail in New Jersey. Not a single NY journalist ever reported the Truth no less the courts. I was interviewed by a journalist who asked about the bank illegally trading in my accounts. She asked if they were using my accounts to “launder money for the Russian Mafia as they were doing in Madof?” The banks claimed in Madoff’s case not to have known. That is absolutely IMPOSSIBLE, for you have to know your client rules. They verified every account and the corporate documents behind each one. Madoff pled guilty to an information quickly. He was not indicted and could have defended for a few years. The only reason he did so was clearly to protect his family. Just as in my case, the bank claimed it had no idea where the money was. It is impossible to get $1 billion out of a bank, and nobody knows where it went. There is NO SUCH thing as a fair trial in New York City. Trump is doomed there, and this is all about interfering in the 2024 election.
Mark understood the bankers very well. Bloomberg removed Mark from covering my case and replaced him with David Glovin, who could never praise the government more. It was Mark at Bloomberg who battled in court for years to get the details of those bailouts released to the public. Mark was probably the most professional journalist I ever met. I was told after my case began that Bloomberg purged all the reports Mark had previously written about our firm from their terminals and certainly Japan. It was as if Bloomberg was in on the whole scam.
Mark’s wife, Laura, wrote to me about Mark’s death. It was a sad day, for there was NEVER anyone at Bloomberg I ever met who had the integrity of Mark Pittman.
Posted originally on Jan 5, 2024 By Martin Armstrong
“Could governments seize bitcoin?” That is a common question, and much to the dismay of many, my opinion does not match the typical analysis. I have lost clients due to my honesty regarding crypto. I understand many firmly believe that Bitcoin will one day become the alternative to the USD, but it is unwise to believe that it is a safe haven to park money. I will not sugar-coat the truth, as feelings must be removed from trading. The answer is an astounding YES – governments can seize Bitcoin and all other cryptocurrencies.
To begin, there is much speculation around the founder(s) — Satoshi Nakamoto – who created Bitcoin (BTC) on June 3, 2009. The mystery person or group (or government agency) has been MIA since 2011. Yet 1 million Bitcoins remain in their original account, untouched. His wallet is estimated to be up to $73 billion, and if this is indeed an individual, he or she is one of the top 15 richest people in the world. They have never moved a fraction of a BTC from their account. So, one wallet contains 5% of all mined bitcoin. Will this person or entity perpetually hold?
Only 2.3% of Bitcoin owners own a full Bitcoin, while 74% own less than 0.01 BTC. Bitcoin was initially a way to remain under the government’s radar, with people using cash to fund their anonymous accounts. The majority no longer use this method and favor platforms that are required by governments to collect and verify all user data.
Bitcoin’s price is akin to the problem that existed when the bubble burst in 1966 with mutual funds because they were listed back then. The value can change at a volatility rate of 10x that of the dollar, making it a highly dangerous instrument as a store of wealth. It is solely a trading vehicle until they weigh it and the value is changed.
In 1966, investors bid the mutual funds up beyond net asset value so during the crash, people lost everything when they thought it was a secure investment. The net underlying assets may have dropped 20%, but they paid 20% over the net asset value and then sold at 50% of the net asset value. Many mutual funds crashed 70-90%, whereas the Dow drop was 26.5%. Ever since, mutual funds have no longer been allowed to be listed. You go in and out at net asset value. Bitcoin must change its structure, or it will never become a valid currency with a stable store of value, which is supposed to be the whole point. It is just an asset class of high volatility.
Countries with strong currencies do not want bitcoin in existence. There are numerous ongoing efforts to regulate all cryptocurrencies, as politicians claim people are using it to either bypass taxes or commit crimes. Governments have reached the end of their rope and are actively on the hunt for additional taxes. They will default on all their debts, and the new monetary system they are planning will give them total control.
Those who call Bitcoin “digital gold” are onto something, as governments have seized gold in recent history. Herbert Hoover admitted in his “Memoirs” that the investigation that led to the creation of the SEC was on the back of a phone call where he was told it was a conspiracy against his administration to create the stock market crash.
Governments will impose capital controls as they always do. That will mean that they will have no intention of allowing people to buy and sell cryptocurrencies. They will most likely do that as well when it comes to gold and silver. A black market in precious metals may exist with a supply that cannot be increased. They might even seize gold mines.
Governments are allowing cryptos like Bitcoin to exist because they can trace the transactions far better than paper currency. Bitcoin is a trading vehicle and nothing more. Just follow Socrates. That gives at least an unbiased viewpoint. What goes up comes down, and what goes down eventually goes up. That is just the law of the market.
Every major central bank has said they plan to move to CBDC. The entire purpose of the CBDC is to impose COMPLETE capital controls. So, how will you buy and sell anything that they deem to be a threat to their totalitarian world?
Posted originally on Jan 3, 2024 By Martin Armstrong
Everyone wants to know what the Federal Reserve will do in 2024. Of course, people want to believe that the Fed will slash interest rates in the New Year. The pundits cling to every word except when, at the start of the month of December, Powell boldly criticized the Biden Administration, saying that his outrageous spending is “unsustainable” and central banks do not criticize their governments. They certainly do not criticize each other. I have met with the boards of central banks worldwide because I understand their predicament. Unless you have been behind those closed doors, you will never comprehend the intricacies that are taking place.
The Federal Open Market Committee (FOMC) held rates at the 5.25% to 5.5% range at their last meeting in December 2023. Additionally, the committee indicated the possibility of at least three rate cuts in 2024, as their favored gauges for inflation appear to be easing. The “dot plot,” which reflects individual members’ expectations, suggests the potential for four rate cuts in 2025 and three more in 2026, bringing the rate down to between 2% and 2.25%. Now, that is simply what the public has been led to believe.
The Fed’s last decision reflects a cautious approach to policy tightening, considering multiple factors unknown to the public before any further adjustments. The committee’s PUBLIC decision and future outlook are based on the evolving economic conditions in relation to inflation and the labor market.
The Federal Open Market Committee will meet in 2024 as follows:
Jan. 30-31
Mar. 19-20
Apr. 30 – May 1
Jun. 11-12
Jul. 30-31
Sept. 17-18
Nov. 6-7
Dec. 17-18
There are simply things I cannot publish on the public blog. I have posted articles on the Socrates private blog that explain the Fed’s direction for 2024 in further detail. Now, consider the dates above and consider what events align with them. Further details will be provided in the Year-End Report, which should be out by the end of this week.
The Federal Reserve cannot criticize the federal government. The most significant issues facing our economy are simply out of the Fed’s hands: war, taxation, and government spending. Chairman Jerome Powell surprised everyone when he called current government spending “unsustainable.” While not a direct criticism, Powell issued a stark warning that aligns with our Revolution Cycle of 72 years. In 1951, the central bank defied the US government by refusing to purchase debt to prevent rate hikes amid the Korean War.
So, there is bad news for the perpetual bulls who insist rates must decline. There is a HUGE divergence unfolding between short and long-term rates. Institutions are buying up government debt without considering the potential that rates may not fall. Absolutely no one is factoring in the largest driver of inflation – WAR – nor are they factoring in the three main pillars of government debauchery (war, taxation, government spending) that the Fed cannot control.
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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